EPISODE 25: MINI-SERIES WITH MIKE MORTLOCK Ep 2

September 19, 2020 / CateBakos /

“One in four investors live in their asset before they rent it out.”

Mike is a cofounder of MCG Quantity Surveyors and is an industry leader in tax depreciation. He has completed thousands of depreciation schedules for commercial and residential property and has a penchant for data, trends and investor behaviour.

This fascination led Mike to prepare a white paper; “1,000 Assets Study” which documented multiple trends, correlations and novel findings. From distance between home and dwelling, amounts spent on renovations and improvements to time lapsed between acquisition and tax rebate, Mike’s data is compelling.

In March, Mike provided Cate with the raw insights in an effort to identify the behaviour behind the trends and to glean a better understanding of some of the drivers for these investor behaviours.

Armed with the entire data set, Cate asked Mike if they could distill her top four trends on The Property Diaries for our listeners.

This second episode with Mike Mortlock unpacks all of the reasons why a quarter of investors have lived in their asset, and we blast the myth that suggests first home owner grants are the driving force for this trend. Cate details the concept of “the accidental investor” and shares the reasons why this can be a mistake for so many.

We hope you enjoy!

Cate met Mike back in 2018 when Mike asked her to feature on his podcast, Geared for Growth. The pair hit it off straight away and have enjoyed tax, economic, political, sports cars, and (-the occasional bit of-) science banter.

Mike and Cate prepping for a Federal Election update

Mike’s business have recently completed an interesting ‘White Paper’ study titled 1,000 Assets. The study involved a four year documented focus on investor behaviour, from location trends to renovation expenditure and beyond. MCG Quantity Surveying uncovered some 40+ trends within the study and their work will continue to shape our ability to profile Australian investor behaviour.

Cate quizzed Mike during the first episode about what he does, how investors have changed over the years, and what buyers can anticipate in this current market.

Contact Mike: https://www.mcgqs.com.au/who-we-are/