Steve Palise

Yeah

... to Steve and, um, and the team, and, uh, continue to accumulate those assets."

The...

Actually, we'll, we'll get into that.

Yeah.

Yeah.

Uh, J- Jeremy, um, said, you know, "Give, give Steve a call, have a chat." We just sorta clicked.

Um, spoke to, to, uh, Rethink and things like that, um, at, at the same time.

And so we're particularly fascinated when someone in the real estate game reconsiders what they've always held to be true.

Steve Palise spent 10 years telling people repeatedly and publicly not to buy the home they live in, and then he bought one himself for well over most people's entire net worth.

And we'd like to explore what shifted in his thinking, where the line sits between what's financially optimal and what a decade of success buys you the freedom to choose instead, and what it means for the people who are still doing exactly what he told them to do before his change of heart.

Welcome to The Elephant in the Room.

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Before we get started, everything we talk about today is not personal advice, and we recommend you engage the services of a licensed and experienced professional.

Steve Palise, it's been, uh, I think, five years since we've spoken, and we were talking all about commercial, uh, buyer's agency space, and we'll probably tap into that in this conversation, but it is certainly nice to see you again, and welcome.

It's kind of a full circle moment, 'cause, like, I spoke to you when I kinda...

you basically can't get a residential property loan in a self-managed super fund commercial on the other hand you can still buy commercial properties in your self-managed super fund so there's going to be a big push from all the residential investors good vehicle if you get it

right if you've got equity sitting on a couple of residential properties and you've started wondering whether commercial property inside your super is actually the smarter next move this episode is going to save you a very expensive guessing game the government has just changed the rules on non-recourse borrowing for residential properties inside self-managed super funds i'm naveen and today i've got steve palisi back with me a commercial property buyer's agent who spent the last 10 years buying nothing but commercial property and who personally holds over a dozen commercial assets in his own portfolio

Generally with commercial, you're getting three times the income, same capital growth.

So when you're using the same LVR, why would you buy a residential? I'm not a new residential buyer who's jumped across commercial.

That doesn't mean 3% to 5% capital growth.

So there's two things there.

It basically matches inflation unless there is a shortage of supply, which is where hopefully a good buyer's agent comes in.

I choose the areas that are lacking supply.