511 | Transform Your Backyard into Profit: A Simple Solution to the Housing Shortage - Chat with Peter Kelly

The Property Couch

With property prices continuing to rise and the dream of home ownership drifting further away for many, today’s guest has a ground-breaking solution that could be the antidote for these growing issues...

Please welcome Peter Kelly, Co-founder and CEO of Little Fish Development, project management specialists in property development! He also hosts the Little Fish podcast which shares inspiring stories of human strength and knowledge.

With more than a decade of experience, his novel solution is:

Dual Occupancy.

So, what is this innovative solution, and what are the financial and legal requirements needed to make this dream a reality?
We cover all of this and more in this week’s episode! Tune in now 😊
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• FREE WEBINAR: Unpacking the 2024 PIPA Survey – Insights and Implications for our Industry
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• Resources from Ben’s “What’s Making Property News”:
  • NSW recoups $9m from first home buyers caught ‘gaming the system’
  • Agencies could cop $78k fines under Greens’ proposed ‘authority’ - Real Estate Business

LISTEN TO THE FIRST 20 EPISODES HERE >>
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1. Transform Your Backyard into Profit: A Simple Solution to the Housing Shortage - Chat with Peter Kelly (00:00:00)

2. Free PIPA webinar & 2025 Summer Series (00:01:49)

3. Mindset Minute: Reaping belongs to the Planters! (00:03:33)

4. Welcome, Peter Kelly! (00:06:46)

5. Why champion dual occupancy? (00:07:36)

6. Money Story: “We lived by the sword and died by the sword.” (00:08:54)

7. The family move that transformed his life (00:12:25)

8. How Pete hit the ground running with his first job  (00:14:45)

9. Baptism by Fire: From the tools to real estate (00:17:27)

10. How he and his wife bought their nest egg (00:24:44)

11. Defining dual occupancy and its benefits (00:26:52)

12. What you should consider before investing in dual occupancy (00:29:47)

13. TREND ALERT: Owner occupiers and investors (00:32:14)

14. First #3 steps before foraying into dual occupancy (00:34:34)

15. The Resource of Mum and Dad: Could benefit aging parents? (00:37:19)

16. Let’s talk Legalities: Preventing things from going south (00:39:21)

17. A Common Tax Strategy: Avoiding stamp duty while getting into a better suburb! (00:41:36)

18. The Key to Mastering Site Selection (00:45:32)

19. Who does Dual Occupancy suite? (00:49:02)

20. There is no substitute for this... (00:52:40)

21. Fairfield Case Study: Can you turn your backyard into a profit? (00:57:18)

22. Wow, what a fantastic guest. Thank you, Pete! (01:10:30)

23. Lifehack: Listening to respond vs. Listening to understand (01:12:24)

24. WMPN: VIC’s 7.5% levy introduced & NSW recoups $9M from first home buyers who “gamed the system." (01:14:23)