The Property Couch

Ep 601 | Rules change, But the Fundamentals Don't - Chat with Lachlan Delahunty

Bryce Holdaway & Ben Kingsley

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0:00 | 1:00:24

The rules may be changing, but the fundamentals haven’t.

As proposed negative gearing reforms dominate headlines, many investors are asking the same question:

Should I rethink my strategy?

To help answer that, Ben Kingsley welcomes Lachlan Delahunty, Founder of Follio and a property professional who has been involved in more than $2 billion worth of property acquisitions.

Together, they explore what really drives long-term property performance and why some investors risk being distracted by tax outcomes rather than investment fundamentals.

In this episode, you’ll learn:

  • Why negative gearing was never the strategy — capital growth was
  • The difference between commutable and non-commutable regional markets
  • Why some regional locations thrive while others experience boom-bust cycles
  • The investment-grade framework: Location, Land, Asset
  • How scarcity, agglomeration and demographic trends influence property values
  • Why guaranteed returns, social media hype and thinly traded regional markets can create significant risks for investors

As Lachlan reminds listeners:

“The rent keeps you in the market. Growth creates the wealth.”

But perhaps the biggest message from this conversation is even simpler:

Good property is still good property.

Governments change.

Policies change.

Markets change.

But the fundamentals that drive long-term wealth creation remain remarkably consistent.
 
 

FREE STUFF MENTIONED

🎥 Property Prices After Tax Reform: Fact vs Fiction (Replay + Slide Deck)

Ben’s webinar replay is now available on demand, along with the downloadable slide deck that explores:

  • What really drives long-term property growth
  • Scarcity and land appreciation
  • The potential impacts of negative gearing and CGT changes
  • Winners, losers and unintended consequences of the proposed reforms

👉 Access the replay and download the slide deck: thepropertycouch.com.au/webinar

📊 Negative Gearing Analysis Tool (Moorr)

Compare property scenarios side-by-side and model the impact of:

  • Negative gearing
  • Deferred tax benefits
  • Cash flow changes
  • Different investment property scenarios

👉 Explore the tool: moorr.com.au/negative-gearing-analysis-tool

 

TIMESTAMPS 

  • 00:00 – Negative Gearing Is Not Gone: What Investors Need To Know
  • 03:48 – The Money Habits That Shaped A $2 Billion Property Career
  • 12:08 – Negative Gearing Was Never The Strategy
  • 19:19 – Regional Markets: Opportunity or Trap?
  • 23:26 – The Investment Grade Framework: Location, Land & Asset
  • 28:40 – Commutable vs Non-Commutable Regional Markets
  • 42:54 – Guaranteed Returns, Hype & Regional Risk
  • 53:16 – Why Fundamentals Still Matter
  • 58:49 – Lachlan’s Final Message To Investors

LISTEN TO THE FIRST 20 EPISODES HERE >>

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