Season 4 - Episode 55 - Setting Your Kids Up For Success in Property Investment

This episode provides insights into the current challenges of the Australian property market and offers practical strategies for parents to support their children's future financial stability through smart property investments.

Introduction:

• The podcast focuses on providing property investment strategies to everyday Australians.
• Emphasis on minimizing risk and making informed investment decisions.

Discussion Overview:

• Cam McClellan's appearance on the Today Show about the "Bank of Mum and Dad" generated significant interest.
• The main topic is how parents can assist their children in entering the property market.

Challenges in the Property Market:

• Australia's property market is facing a supply-demand imbalance with rising prices and population growth.
• Current building approvals are significantly below the ten-year average, exacerbating the issue.
• McClellan's concern is that young adults will struggle to save enough for deposits in the future.

Strategies for Parents:

• McClellan advocates for parents to invest in property now to help their children in the future.
• He discusses a strategy of buying property with a current deposit, allowing it to appreciate over time.
• This approach aims to provide a substantial financial benefit to children without "silver spoon feeding" them.

Implementation:

• McClellan emphasizes the importance of setting up a trust structure to manage the property investment.
• He explains that parents can control the property through a trust, with children as beneficiaries.
• This structure ensures clear agreements and prevents conflicts among siblings.

Key Takeaway's:

• McClellan stresses the urgency of making decisions now due to the ever-increasing property prices.
• He encourages parents to consider whether to assist their children immediately or wait until later.
• The podcast ends with a call to action for parents to help their kids enter the property market before prices become prohibitive.

Resources Mentioned:

• Download Cam's Book "My Four Year Old The Property Investor"
• Listener Feedback: We love hearing from you! Share your thoughts on this episode and suggestions for future topics by leaving a review or contacting us directly through our website.

Sponsor:

• This episode is brought to you by OpenCorp. Helping everyday Australians achieve financial independence through smart property investment. Visit OpenCorp to learn more. Thanks for tuning in! If you found this episode valuable, please share it with your friends and family. Stay tuned for more insights on making smart property investments and achieving financial independence.

Enjoy the episode and happy investing!

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