Weekly Slice 281: Don't Buy this in Tasmania 2026! Detailed Property breakdown - with Simon Loo & Todd Sloan

In this interactive episode of Pizza and Property, host Todd Sloan and property expert Simon Loo dissect a potential investment property in Launceston, Tasmania, submitted by listener Lynne Higgs. The property, listed at $749,000 with panoramic views, is scrutinized for its major red flags: proximity to massive power lines (dubbed 'Eiffel Towers'), a potentially 'tarted-up' appearance with a fresh white paint job hiding underlying issues, a shared driveway, steep slope with unsecured retaining walls, and a history of being owner-occupied. Despite strong rental yields and low vacancy rates in the area, Simon concludes it’s a 'no deal' due to long-term risks, poor cash flow potential, and structural concerns. The episode also explores Lynne’s intergenerational wealth strategy—passing properties to her children via trusts or superannuation—highlighting the limitations of SMSF for long-term, non-liquid investments. The hosts emphasize the importance of due diligence, structural inspections, and consulting accountants before committing to any property or structure. The episode concludes with a broader reflection on Tasmania’s growing appeal in 2026 due to affordability, high rental yields, and emerging employment opportunities. However, the hosts caution against emotional decision-making driven by views or aesthetics. They advocate for a disciplined, fundamentals-first approach to property investing, especially when planning for long-term wealth transfer. The interactive format, featuring real-time analysis of a listener’s property, underscores the podcast’s mission to make property investing transparent and community-driven.