The Biggest Obstacle for Women Renovators

The podcast for women who want to create income and a life they love through renovating

Join serial renovator Bernadette Janson as she explores the ins and outs of renovating for profit!

Bernadette has over 30 years of experience in the renovating for profit business. She’s a registered nurse, a renovator, a mum, and a teacher.

208 – Thriving the Interest Rate Roller Coaster with Louise Lucas

As a property investor or first-time home buyer, navigating the complexities of the lending industry can be overwhelming. In a recent episode of the She Renovates podcast, Bernadette Janson spoke with Louise Lucas, a finance and property expert, who shared valuable insights and strategies to help listeners thrive in the interest rate roller coaster, as well as the current state of the housing market in Ausralia.

Lucas has been in the broking industry since 2007, and she leads a team of three brokers in Melbourne who help clients all over Australia, with a five-person offshore team that supports the back-office work.

She acknowledges the complexity of current lending rules and advises listeners to research lenders who assess rental income at higher percentages to maximize their borrowing power.

With her extensive knowledge and contacts in the banking industry, Louise provides valuable insights on the recent interest rate rise and advises listeners to seek loans with a buffer, which can help alleviate financial stress and provide a safety net in case of emergencies.

For those seeking loans for renovation projects, Louise recommends using rental statements as evidence of income to boost their borrowing power. She also discusses borrowing with friends or family members and the importance of structuring investment partnerships.

One strategy that stands out is the reverse mortgage strategy for renovating retirement. This strategy involves taking out a reverse mortgage on a property to fund renovations and increase the value of the property, which can then be sold to repay the mortgage or left as an inheritance.

In addition to having a buffer account for emergencies, Louise recommends strategies to deal with negatively geared properties, such as converting to an interest-only loan or seeking advice from an accountant.

Overall, Louise’s expertise and insights provide valuable guidance for anyone looking to navigate the interest rate roller coaster and thrive in the lending industry.

Watch the Episode on Video:


  • 00:39 Meet Louise Lucas
  • 02:23 Supporting Wonder Woman financing
  • 03:33 The complexity of current lending rules
  • 04:00 Know which lenders are assessing rental income at higher percentages
  • 06:32 Louise’s knowledge and contacts in the banking industry
  • 07:00 Recent interest rate rise and Louise’s Insights
  • 09:15 Advice for those seeking loans
  • 11:00 Using rental statements to help get loans for renovation projects
  • 12:55 Discussion of the buffer and its impact on mortgage payments
  • 16:51 Borrowing with friends or family members 
  • 18:45 Structuring investment partnership
  • 20:37 The reverse mortgage strategy for renovating retirement
  • 25:23 Having a buffer account for emergencies
  • 27:00 Strategies to deal with negatively geared properties

“So, if you are going for a loan at the moment, or if you anticipate in the next month or so, go this fortnight before that raise because you'll actually be assessed at a lower rate. So you need to understand that if you want to borrow money and you think you're a bit too close, get in sooner rather than later.”


Louise Lucas – Website

The School Of Renovating

She Renovates Podcast

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    Amazing Free Content!LeaLea707 via Apple Podcasts · Australia · 05/22/22
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    “I have been listening to this Podcast for a few years now. I love how Bernadette freely shares her experiences and knowledge of renovating and how to create wealth through property. There are many people out there doing a similar things but Bernadette is the real deal. Her down to earth approach reasonates with me and I’ve learned lots from her. I’d highly recommend She Renovates!”
    Just brilliant!fbegeng via Apple Podcasts · Australia · 03/16/22
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    “I've been binge-listening to this podcast for the past week and it's absolutely brilliant. Bernadette has amassed so much knowledge and wisdom about renovating and she shares it generously and in a really easy to understand way that's inspired me to give it a go. Her advice is practical and I love that she approaches renovating in a really ethical and open-hearted way. Every episode honestly is gold. I also love that each episode is quite short and addresses a specific topic without any waffle. Thank you so much for this podcast!”
    Practical and honest adviceLuke Marland via Apple Podcasts · Australia · 05/12/21
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    “Hands down best renovation podcast there is. There’s no scams or tricks here and Bernadette provides honest and practical advice that you can actually apply to your life. There’s also great insights into the property industry (not just renovating) and Bernadette’s simple approach gives you tools to mitigate risk and fuels confidence to start your own projects.”
    Amazing insights and adviceJennaBrad via Apple Podcasts · Australia · 03/22/21
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    “Bernadette is an inspiration. Warm, open and a fountain of wisdom and advice. I’ve learned so much about everything from renovating to selling to creating an independent future from this podcast. Look forward to every episode!”
    Practical Magic For All RenovatorsJames’ Inspiration via Apple Podcasts · Australia · 12/15/20
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    “If you need to break through any of your limitations to find the joy and success in renovation, Bernadette is your inspiration and advisor with decades of experience. Her down to earth, practical style of sharing what works and how to keep control of any renovating project is worth tuning in for - week after week. I have done a few renovations in the (distant) past and now feel motivated to go again, this time for a change of pace and new horizons. This podcast shows the way. Thanks Bernadette, James Burgin”
    My Guilty Pleasure..Tanned Greek via Apple Podcasts · Australia · 10/26/20
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    “Just dropping by to show my support for your podcast Bernadette. I look forward to each episode and I am never disappointed with the content. It’s such a generous offering and compared to many of the other property podcasts I subscribe to, yours is the clear winner. Perfectly suited to people embarking on a new renovator journey but equally suited to more experienced folk like myself - there’s something for everyone. Keep up the great work. Your honesty is so refreshing! I look forward to future learning and hearing more student success stories. Best, David Michos (And yes... a bloke) 😉”
    You would have to be crazy to miss this !!Lifestylepp via Apple Podcasts · Australia · 10/15/20
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    “If you have any interest at all in renovating, you would be crazy not to listen to every episode! As someone who has done many courses and a project manager by trade, i learn something every time. Bernadette is so genuine and generous and totally relatable. Do yourself a favour and subscribe now !”

    Want more?

    If you want to meet up with a group of savvy renovators. I would say come over and join She Renovates Facebook Group. It’s a completely FREE Facebook group and it is growing at the rate of knots. We hit over a thousand members just recently, and now it seems to have picked up momentum. They are all savvy renovating women and men working their little hearts out to live a better life through renovating.

    The only membership you need to grow your renovation business…

    Wonder Women is a combination of live sessions and pre-recorded content to help you get what you need, when you need it. I know that you’re the expert and you’ve got all of your subject knowledge nailed – now it’s time to build the business behind your renovation projects and stop being the worlds best kept secret. 

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