The Elephant In The Room Property Podcast | Inside Australian Real Estate

Wondering how the 2024 property forecasts are stacking up so far? Tune in to our mid-year review as we dive into the real estate predictions that nailed it and the ones that missed the mark. In this episode, we dissect the key trends, market shifts, and unexpected twists that have shaped the housing landscape in the first half of the year. Today, we have Louis Christopher with us again to share his insights from the much-anticipated “Boom or Bust” report. Louis has a knack for making accurate predictions, but he’s also refreshingly honest about where he’s gone astray. We explore his methodology and the factors he weighs when making his forecasts. This episode is a must for anyone keen on understanding property market predictions and figuring out which ones to trust. We also peek into what the rest of the year might hold, including potential surprises and how elements like inflation and geopolitical tensions could sway the market. Tune in to get a better grasp of the 2024 property market trends 'cause whether you're buying, selling, or investing, this episode offers vital insights into the current property market dynamics and what to keep an eye on in the months ahead. Episode Highlights: 00:00 - Introduction 01:01 - Who is Louis Christopher? 01:43 - Discussion on the national market performance and overall trends observed in 2024 03:07 - Analysis of the market slowdown and how it compares to previous years 07:32 - Why the lack of major surprises in the property market despite economic uncertainties 12:15 - Discussion on Perth’s growth trajectory and contributing factors 16:53 - Projected rise of unemployment in Perth and its potential effects on property prices 19:00 - Brisbane’s growth and how it compares to other major cities 22:16 - How the number of property listings in Brisbane has changed over recent years 28:43 - Trend of declining property listings and transaction volumes in various locations 30:35 - The influence of stamp duty on property prices and market activity 35:08 - Louis’ analysis on the Australian Capital Territory 37:00 - The potential impact of upcoming elections on housing market forecasts 41:13 - The importance of creating scenarios to anticipate future developments in real estate 42:27 - How does media coverage influence public perception of real estate forecasts? 47:27 - Louis Christopher’s property dumbo About Our Guest: Louis Christopher established SQM Research in 2006. He was Head of Research and General Manager of the property statistics agency, Australian Property Monitors (APM) for six years. During his time at APM, Louis constructed key residential property market indexes published by the Reserve Bank of Australia. Prior to APM Louis spent three years at the Securities Institute of Australia as a Technical Editor. Louis previously spent 18 months at MLC working in the investment services. He is widely respected for the quality and accuracy of his market outlooks, ratings philosophy and forecasts for the Australian residential property market. Connect with Louis Christopher: Connect with Louis on LinkedIn: https://www.linkedin.com/in/louischristopher/ Visit SQM’s website: https://sqmresearch.com.au/ Connect with Louis on X: https://x.com/LouiChristopher Resources mentioned in this episode: Download Louis Christopher's 2024 Housing Boom and Bust Report here: https://sqmresearch.com.au/boombustreport.php Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

How can you distinguish the trustworthy buyer’s agents from the rest in a market flooded with options? With so many buyer’s agents vying for your attention, it's easy to fall prey to misleading promises and hidden agendas. In this episode, we delve deep into the world of buyer’s agents, uncovering the essential red flags every prospective property buyer should be aware of before making that crucial hire. With the real estate market booming and buyer’s agents popping up left and right, it’s more important than ever to discern who can truly save you money and secure the best property assets. If you're looking to buy a property but feel overwhelmed by the sheer number of buyer’s agents out there, this episode's for you. Tune in to uncover the red flags every property buyer must know before selecting and hiring a buyer's agent. Episode Highlights: 00:00 - Introduction 03:49 - Why should clients be more careful in selecting a buyer’s agent today? 06:56 - How regulatory disparities impact the credibility of financial advisors and buyer's agents 13:43 - What challenges arise in managing relationships between clients and buyer's agents? 19:14 - Why you need to be cautious in engaging buyer's agents for property investment 23:40 - Understanding the true value proposition of buyer's agents in property transactions 29:24 - What should clients know before engaging buyer's agents for off-market transactions? 35:31 - Why inexperienced buyer’s agents should be treated like first home buyers 37:48 - What are the crucial factors to consider when choosing a buyer's agent? 40:19 - The importance of local market knowledge in property valuation 42:50 - What's the true cost of being a buyer's agent? 46:00 - The pitfalls of rose-colored glasses when it comes to property investment 49:25 - Qualities to look for in a buyer's agent for an advantageous home purchase 53:18 - Final words of advice for those in search of an effective buyer’s agent Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Are you curious about what Lenders Mortgage Insurance (LMI) is and how it actually works? Do you wonder if it's necessary and worth considering when purchasing a property, or do you think it's just an additional cost you can avoid? In this episode, we sit down with Strachan Taylor from Helia, Australia’s leading provider of LMI, to delve into the details. We aim to clarify how often claims are made and why, despite its additional cost, LMI can be a beneficial safeguard rather than something to avoid. By breaking down these aspects, we help you make better decisions about LMI in your home buying journey. Tune in to gain a comprehensive understanding of LMI and discover why it might just be the safety net you need. Episode Highlights: 00:00 - Introduction 01:01 - Who is Strachan Taylor? 01:33 - The history and evolution of Lenders Mortgage Insurance (LMI) in Australia 05:56 - Who else are the competitors of Helia in the LMI space? 06:27 - How has the federal government's 2019 first homebuyer guarantee impacted Helia? 08:43 - Could future regulatory changes potentially blindside your business operations? 10:06 - Do lenders evaluate the potential for property appreciation or depreciation? 12:14 - Is there industry-wide pressure for insurance companies to offer cheaper prices? 14:39 - Is the bank of relatives another competitor in the LMI space? 18:24 - The role and perception of LMI in the home buying process 21:29 - Strachan’s thoughts on new policies where banks are more willing to self-insure 24:19 - How are the LMI premiums calculated? 27:18 - What’s the riskiest type of property for first home buyers? 30:42 - Thoughts on Fintech, Proptech, and etc… 36:54 - Strategies and initiatives by Helia to address the housing affordability crisis 40:15 - How has Helia's share price evolved from its lows to its current levels? 43:30 - How does Helia view customer behaviour regarding home insurance and refinancing? 45:27 - Do borrowers continue paying LMI after refinancing their mortgages? 46:51 - Considering various options including reusing LMI benefits before refinancing 51:15 - Stop looking at LMI as just and additional cost 56:33 - Strachan Taylor’s property dumbo About Our Guest: Strachan Taylor serves as Helia's Strategic Partnership Leader, where he spearheads a dynamic partnership team dedicated to collaborating closely with lender customers in pursuit of helping more Australians achieve financial security through home ownership, expedited by LMI solutions. With a comprehensive skill set encompassing team leadership, communication, and business development, Strachan brings tertiary-level qualifications and extensive expertise in sales, marketing, distribution, and risk management to the helm, constantly striving to enhance risk and capital management solutions and provide valuable market insights for Helia's customers to bolster their risk-writing capabilities. Connect with Strachan Taylor: Visit their company website: https://helia.com.au/ Follow Strachan on LinkedIn: https://www.linkedin.com/in/strachantaylor/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Are you curious about the hidden forces driving Brisbane’s property boom? What impact is the upcoming Olympics having on the property market, and is the construction for the games draining resources from other sectors? Beyond these questions, what else could be behind this sustained period of rapidly rising property prices, and is there any sign of a slowdown on the horizon? Today, we delve into the dynamics at play with Meighan Wells from Property Pursuit. With over 20 years of experience, Meighan offers unparalleled insights into what’s happening on the ground in the Queensland capital. We explore the impact of the upcoming Olympics on Brisbane’s real estate and ask whether the hype around the games is really pushing property prices up? Meighan sheds light on how these dynamics are shaping the current market and what prospective buyers should be aware of. Beyond the Olympic effect, we examine other factors contributing to Brisbane’s rapid property price growth. Are there deeper, less obvious influences at play? Tune in to gain a comprehensive understanding of Brisbane’s property landscape and get expert advice from one of the city’s most seasoned professionals. Let's get started! Episode Highlights: 00:00 - Introduction 01:07 - Who is Meighan Wells? 01:48 - What are the latest trends in Brisbane’s real estate market? 05:18 - How has Brisbane’s real estate market changed since 2020 09:32 - What are the reasons behind the shift towards unit living in Brisbane? 13:54 - How is the tightening of borrowing capacity affecting buyer behaviour in Brisbane? 17:33 - Are buyers' desirability of suburbs shifting due to return-to-work changes? 25:45 - What is the current situation regarding rental availability and demand in Brisbane? 30:50 - How does the trend of multi-generational living affect property ownership patterns? 34:38 - What strategies are first-time home buyers employing to enter the market? 36:33 - What differences exist in buyer behaviour in Brisbane? 41:14 - Data on the nature of property transactions in Brisbane, 42:35 - Is the Olympics truly affecting Brisbane’s property market? 47:58 - How does Brisbane's cultural scene stack up against other cities for expatriates? 50:21 - Meighan Wells’ property dumbo About Our Guest: Meighan Wells is the Principal of Property Pursuit, co-founder of the Home Buyer Academy, and co-presenter of Your First Home Buyer Guide Podcast. She developed the REIQ course Acting as a Buyer’s Agent and was the Chairman of the REIQ Buyers’ Agent Chapter. In 2010, she was named REIQ Buyers Agent of the Year for the third consecutive year. A recognized expert on the Queensland property market, Meighan is frequently featured in major media outlets like The Financial Review and Realestate.com.au. Connect with Meighan Wells: LinkedIn https://www.linkedin.com/in/meighanwells/ Property Pursuit Website https://propertypursuit.com.au/ Home Buyer Academy https://homebuyeracademy.com.au/ Facebook https://www.facebook.com/MeighanPropertyPursuit/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Could increasing housing supply alone effectively address our current affordability challenges, or is the housing crisis more accurately characterised as just a recurring issue with a new label? In this episode, we sit down with Dr. Cameron Murray, Chief Economist at Fresh Economic Thinking who specialises in property and urban development. We dive into the question of whether the term "crisis" accurately captures the challenges of the housing market, or if it's a situation we've already faced before under different names. Dr. Murray's new book, "The Great Housing Hijack," takes a critical look at the misconceptions driving up prices for both renters and buyers. We discuss whether simply building more houses is the key to solving the problem, or if there are deeper issues at play that need to be addressed. We've included a lot of relevant topics in this conversation including zoning changes and alternative solutions to the housing crisis, so tune in to get a clearer picture of the complex issues surrounding these property market issues. Episode Highlights: 00:00 - Introduction 01:14 - Who is Dr. Cameron Murray? 02:03 - What motivated Cameron to write the book “The Great Housing Hijack”? 06:06 - How do market equilibria affect the perception of a housing crisis? 14:32 - Why zoning changes won’t immediately create a development boom 17:14 - Who can assist with funding for housing development? 23:24 - Why Cameron disagrees with those who cite Auckland as proof that rezoning works 28:23 - Analysing the interplay between human behaviour and housing market trends 34:36 - Cameron shares his thoughts around NIMBY-ism 38:52 - Assessing factors that could stall long-term housing trends 46:24 - Why is the assumption that supply alone can solve the housing crisis flawed? 51:13 - Should public housing be considered as a potential solution for affordability issues? 55:57 - The importance of government action in ensuring access to affordable housing for all 59:29 - Potential strategies for government intervention to address housing affordability issues 1:01:13 - Cameron Murray’s property dumbo About Our Guest: Dr. Cameron Murray - Chief Economist at Fresh Economic Thinking who is a leading voice in Australia's housing conversations. He recently authored the book "The Great Housing Hijack." With experience as both a renter, homeowner, and landlord, as well as in property development, Dr. Murray brings a practical understanding to his analysis of housing issues. Connect with Cameron Murray: Website https://www.fresheconomicthinking.com/ LinkedIn https://www.linkedin.com/in/cameron-murray-39b63017/ Facebook https://www.facebook.com/fresheconomicthinking/ Resources mentioned in this episode: The Great Housing Hijack: The Hoaxes and Myths Keeping Prices High for Renters and Buyers in Australia https://www.amazon.com.au/Great-Housing-Hijack-keeping-Australia/dp/176147085X Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In this month's Suburb Trends report for May 2024, we're diving deep into the world of property investment, exploring a critical issue that every investor should be aware of: false positives in property data. With the property market experiencing upward pressure on prices due to low supply, investors risk being misled by appearances, just like the allure of a dimly lit nightclub before the lights come on. Without the ability to distinguish between promising investments and pitfalls, investors may find themselves making pretty costly decisions based on misleading data. To shed light on this topic, Kent Lardner joins us to discuss strategies that will help in discerning between genuine opportunities and false positives. Together, we'll explore strategies for evaluating property data, spotting red flags, and making better investment decisions even in the midst of inflated markets. This is the beer goggles and property episode! Tune in to learn how to spot false positives in property data. Episode Highlights: 00:00 - Introduction 00:56 - How the "lights-on" moment aims to reveal hidden truths in property investments 03:49 - How can one mitigate the impact of external factors on property market analysis? 05:33 - What core factors should owner-occupiers prioritise when assessing property options? 09:35 - Is the current trend of investors targeting affordable properties sustainable? 14:18 - How can market players anticipate and respond to potential downturn scenarios? 19:01 - What are the real factors behind the increase in housing costs 21:03 - How are affordability ratios and wealth interconnected in suburban markets? 25:01 - The importance of macro and micro-level data when considering property investments 29:24 - Key factors influencing investment decisions in the real estate market 31:57 - Is there a risk of social unrest due to housing inequality? 37:26 - What are the current rental housing challenges in Melbourne and Sydney? 47:34 - What are the implications of the Docklands case study for urban development? About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

As Australia grapples with the ambitious challenge of constructing 1.2 million new dwellings in the next five years, we aim to answer the pressing question: Is this target attainable? We talk about the implications of this challenge, including the need to address housing pressure and determine suitable locations for new developments. Moreover, we discuss the potential impacts of immigration policies on housing demand and supply dynamics. Today's guest is Peter Tulip, Chief Economist at the Centre for Independent Studies whose expertise in housing and monetary policies, coupled with his advocacy for high-density living, underscores his credibility as a leading voice in the field, earning him the distinction of Australia’s oldest YIMBY. Join us in this episode as we dissect these complex issues and brainstorm innovative solutions. Don’t miss out on the opportunity to be a part of the conversation shaping Australia’s housing future and urban development. Episode Highlights: 00:00 - Introduction 00:58 - Who is Peter Tulip? 01:31 - What is the goal of the National Cabinet's housing initiative? 07:18 - What are the challenges associated with this housing initiative? 12:41 - Peter's insights on the heritage aspect of rezoning 16:09 - Primary challenges faced by developers in densely populated urban areas 20:24 - How rezoning and redevelopment could potentially affect property values 27:17 - Peter’s thoughts on RBA's current stance on inflation 35:58 - Considerations to take into account in determining sustainable immigration levels 40:53 - Is reducing student immigration an effective strategy to alleviate housing pressure? 42:50 - Are there tax policies that can be leveraged to incentivise increased housing supply? 46:35 - What are the potential impacts of increased housing supply on property values? 50:07 - Is there a need for an upzoning tax to fund public services and infrastructure upgrades? 55:33 - Peter Tulip’s property dumbo About Our Guest: Peter Tulip has been Chief Economist at the Centre for Independent Studies since 2020. From 2011 to 2020 he was Senior Research Manager at the Reserve Bank of Australia. Before that he worked at the US Federal Reserve Board, the OECD and the Commonwealth Treasury. His research has been published in numerous international academic journals. His recent work focuses on Australian housing policy. He has a PhD from the University of Pennsylvania. Connect with Peter Tulip: Visit their website: www.cis.org.au/experts/research-scholars/peter-tulip Follow Peter on Twitter: https://twitter.com/peter_tulip Send an email to [email protected] Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

With property values stagnant amidst a backdrop of soaring prices in other cities, we explore the factors contributing to Melbourne's unique market behaviour. Could the city's prolonged lockdowns have played a significant role in shaping its property landscape? What does the future hold for buyers and sellers? Meanwhile, rising rents beg the question: how does this affect the apartment market? Today, Jarrod McCabe from Wakelin Property Advisory joins us to unpack these pressing questions. With more than two decades in the property industry – across valuations and investment advisory – Jarrod's expert analysis and insights aim to offer clarity on Melbourne's current property landscape. What could be the culprit behind Melbourne’s unusual property market behaviour? Tune in to learn all about Melbourne's property market and discover what's coming up next. This episode gives you helpful info you wouldn't want to miss. So hit that play button and let's dive in! Episode Highlights: 00:00 - Introduction 01:04 - Who is Jarrod McCabe? 01:22 - Trends observed in Melbourne's property market since the onset of COVID-19 02:44 - The recent trends in Melbourne's property market according to CoreLogic data 04:27 - How has the return to work influenced residential preferences in Melbourne? 06:14 - The shift in investor behaviour amidst rising rents and the rental crisis 10:57 - How does Melbourne's urban lifestyle impact property demand and rental dynamics? 14:25 - The impact of recent changes in land tax legislation on property investment behaviour 21:38 - Key factors contributing to Melbourne's resilience as a property investment destination 23:37 - What is happening with the population of Melbourne? 28:30 - Factors contributing to the disparity in property values between Melbourne and Sydney 30:44 - Can investors still find property investments in Melbourne with a budget of $1M? 35:22 - How Melbourne's property market responds to changing dynamics in house prices 39:08 - Planning controls evolving in suburban areas surrounding Melbourne's city center 42:45 - Jarrod McCabe’s property dumbo 45:33 - What's the impact of super Saturdays on Melbourne's clearance rate? About Our Guest: Jarrod McCabe, a property industry veteran with over two decades of experience, excels in valuations and investment advisory. His expertise in Melbourne's inner suburban market, combined with sharp negotiation skills, ensures successful outcomes for clients. As property team manager, Jarrod prioritizes understanding client needs while mentoring colleagues. Since completing his Bachelor of Business (Property) in 2000, he has risen to the role of Director at Wakelin Property Advisory, also serving as an active property educator through webinars, seminars, and media contributions. Connect with Jarrod McCabe: LinkedIn https://linkedin.com/in/jarrod-mccabe-81333034/ Website https://wakelin.com.au/ Podcast https://wakelin.com.au/education/podcasts/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Ever wondered why economists seem to favour land tax? What happens if we get rid of stamp duty on houses? And why do some people say negative gearing and capital gains tax discounts are bad? We're here to unpack these questions and more. Join us in this episode as we explore the often-debated topics of negative gearing and the capital gains tax discount with Chief Economist Michael Blythe, whose recent paper, "In Praise of Negative Gearing" has stirred up quite a buzz. We dive into the insights and arguments he presents and uncover the nexus between property taxes and housing market behaviour. Whether you own a home, rent, or just want to know more, this episode is for you. Hit play and let's get into the nitty-gritty of property taxes and the housing market! Episode Highlights: 00:00 - Introduction 01:06 - Who is Michael Blythe? 01:43 - What role does tax play in property market challenges? 03:49 - Historical context: Negative gearing and CGT discounts 10:03 - Did property prices really slow down without negative gearing? 17:06 - How has the ACT's taxation change affected property prices? 25:37 - The pros and cons of an expensive property market from a societal standpoint 29:46 - Is negative gearing detrimental to both home buyers and renters, as some argue? 34:36 - Where does the economy currently stand in terms of inflation control? 37:37 - Is the economy headed for higher prices and a cost-of-living crisis? 40:00 - The limitations of using interest rates as a tool to manage inflation 44:17 - The downsides of downsizing 50:29 - How does the aged care system impact housing availability? 52:04 - The interplay between property investing, negative gearing, and taxpayer costs 57:27 - Michael Blythe’s property dumbo About Our Guest: Michael Blythe is a respected Chief Economist and senior executive with extensive experience in economic policy and financial markets. He has worked across both Commonwealth Bank of Australia and Reserve Bank of Australia and brings great knowledge of, and insight into, the Australian and global economy, economic policy and markets. Connect with Michael Blythe: LinkedIn https://www.linkedin.com/in/michael-blythe-272a1688/ Website https://www.downsizer.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

What is driving the relentless rise in Australia's property prices, and how are homeowners managing as the fixed mortgage rates from the COVID era expire? These are important questions as we deal with rising inflation and increasing living costs, so in this episode, we tackle these issues to see how they're affecting both the housing market and potential buyers. Joining us to break down these complex topics is Carlos Cacho, Chief Economist at Jarden Australia. Carlos has a deep understanding of Australian economics, especially banking and housing markets, thanks to his previous roles at UBS Australia and Colonial First State Global Asset Management. He holds a Bachelor of Economics and a First Class Honours in Economics from the University of New South Wales, making him a highly credible voice on these matters. Make sure to tune into this episode for a thorough analysis of the current economic pressures on Australia's property market and what they could mean for the future. Equip yourself with the insights needed to better understand these challenging economic times. Episode Highlights: 00:00 - Introduction 01:08 - Who is Carlos Cacho? 01:30 - What led Carlos to oppose the common view on reducing serviceability buffers? 06:20 - Does lowering the serviceability buffer improve affordability or just increase prices? 08:48 - Will increasing urban density in Sydney truly improve housing affordability? 12:40 - What factors contribute to continued property price increases in most cities? 18:35 - Key differences in the apartment and house markets in major cities 20:36 - Do seasonal trends affect real estate listings? 26:43 - Will higher interest rates persist longer than anticipated? 32:05 - Could we see a return to the economic conditions similar to those before 2022? 36:27 - Is climate change becoming a big driver for investment around the world? 38:44 - The impact of high interest rates on economic stability over the next decade 44:15 - What are the anticipated migration trends for the upcoming years? 50:38 - Are we meeting our labor demands through skills migration? 52:05 - Carlos Cacho’s property dumbo About Our Guest: Carlos Cacho is Chief Economist and leads Australian bank research at Jarden in Australia. Carlos’ research covers all things Australian Economics and Banks, with the strong focus on the housing market. Prior to joining Jarden, Carlos spent three years as Australian Economist at UBS Australia, and previously five years at Colonial First State Global Asset Management. Carlos holds a Bachelor of Economics, as well as a First Class Honours in Economics from the University of New South Wales. Connect with Carlos Cacho: LinkedIn https://www.linkedin.com/in/carlosscacho/ Website https://www.jardengroup.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Ever wondered why people end up spending more than they planned at auctions? What about the missed opportunities for vendors due to ineffective auctioning practices? These common pitfalls not only impact individual transactions but also shape the broader dynamics of the auction process. In this episode, we're joined by award-winning auctioneer Andy Reid to understand why these problems happen at auctions and how to solve them. We explore why people get caught up in bidding wars and what sellers can do to get better results, then break down the tricks of the trade and give you practical tips to do auctions smarter. Tune in to gain a competitive edge in the fast-paced world of property auctions and learn how to avoid the common mistakes that can cost you money. Join us for a chat that could change the way you approach auctions. Episode Highlights: 00:00 - Introduction 01:04 - Who is Andy Reid? 02:14 - Is it true that the buyer with the deepest pockets always wins the auction? 06:30 - Examples of auctions benefiting buyers more than sellers 09:51 - How does an auctioneer provide value with limited preparation time? 11:20 - What insights does an auctioneer gain from reviewing auction contracts? 17:27 - What briefing can buyers expect from agents before auctions? 22:45 - Auctioneer strategies in balancing silence and pace in auctions 25:46 - Why buyers should research the auctioneer before attending an auction 30:20 - Stories of shocking auctioneer mistakes 34:25 - Understanding vendor bids: their purpose and usage by auctioneers 39:44 - The legislative aspect of negotiating at the reserve price in Victoria 47:37 - Passing in a property at auction 50:19 - Declaring a property "on the market" during an auction 55:28 - Andy Reid’s property dumbo 57:43 - Final advice for auction bidders and one major mistake to steer clear of About Our Guest: Andy Reid is an award-winning sales coach and top auctioneer in Real Estate known for his emphasis on emotional intelligence and mental health advocacy. Recognized as the Australian Auctioneer of The Year in 2022, Andy owns a thriving auctioneering business serving over 130 agents/agencies in Metro Melbourne. With a 'human first, agent second' approach, he has helped thousands of homeowners navigate Real Estate transactions. Andy's commitment to community extends to raising over $3 million for charities since 2015, making a difference through public speaking, auctioneering, and networking. As an ambassador for mental health charity '100 Words - Mate To Mate,' Andy promotes professional success while highlighting the importance of emotional and intellectual intelligence. Connect with Andy Reid: Website https://andyreid.com.au/ LinkedIn https://www.linkedin.com/in/andyreidcoaching/ Instagram https://www.instagram.com/andyreidcoaching/ Facebook https://www.facebook.com/andyreidcoaching Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Depending on a potentially biased strata report could lead to problems later on, like unexpected costs or hidden issues with the property. Without clarity on what might be omitted or misrepresented in these reports, buyers risk making decisions based on incomplete or biased information, therefore jeopardising their investment. Today, we are joined by Michael Ferrier, the founder and MD of EYEON Property Inspections — who has been in the property business for more than 15 years now. With a decade and a half dedicated to perfecting property inspections, Michael's here to help us decipher the characteristics of a reliable report and whether or not it's smart to trust them from the seller's side. Michael explains what needs to be seen in these reports and how they can help you decide if you want to buy a place. He talks about looking for missing info and warning signs that could mean trouble later on. So, if you're thinking about buying a place—whether it's your first time or not—this episode is for you. Tune in as we break down strata reports and learn how to make smarter choices when it comes to buying property. Episode Highlights: 00:00 - Introduction 01:03 - Who is Michael Ferrier? 01:57 - Thoughts on the issues surrounding strata companies about potential misconduct 04:50 - Strata managers’ fees haven’t gone up in 15 years 07:27 - Do undisclosed commissions have an impact on strata reporting? 13:15 - Statutory regulations regarding strata management in NSW 14:35 - Who writes a strata report? Do they need to be qualified? 17:06 - What do buyers typically do once they get a strata report? 21:48 - What does a strata report look like? 25:13 - Red flags you need to spot in a strata report 30:05 - Will properties with clear strata info soon fetch higher prices? 32:23 - Determining a good, moderate, average strata report 36:13 - Key factors to focus on when assessing insurance details in strata reports 39:07 - What are the consequences of owners' reliance on underpaid strata managers? 41:46 - How are strata managers handling maintenance issues in aging buildings? 47:26 - Insights on urban development and zoning regulations 49:09 - Michael Ferrier’s property dumbo About Our Guest: Michael Ferrier is the founder and MD of EYEON Property Inspections. Michael founded EYEON because he saw the opportunity to turn a cottage industry into a professional level service, offering high quality reports and outstanding customer support to property buyers and sellers. Michael has over 35 years of experience across government policy, financial services, banking, franchising, building small businesses, and, of course, property. A keen golfer and rugby nut, Michael says that finding solutions to common problems is very rewarding. The challenge is that solutions often require a change in behaviour. Connect with Michael Ferrier: Website: https://www.eyeon.com.au/ LinkedIn: https://www.linkedin.com/in/mferrier/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

With Queensland’s housing market facing an unprecedented crunch, many are left wondering: What can be done to ease the strain? The consequences of this housing crisis are far-reaching, affecting individuals, families, and communities across the state because it's not just about finding a roof over your head anymore. With housing prices soaring and options dwindling, the dream of owning a home is slipping out of reach for many Queenslanders. Today, we have Jackson Hills from Q Shelter — Queensland’s leading authority on housing and homelessness services. With years of experience and expertise in the field, you can trust him to give us the lowdown on what's really going on. Tune in as we break down the housing crisis in plain and simple terms and figure out what we can do to make things better. Your home is your sanctuary – let's work together to keep it that way. Episode Highlights: 00:00 - Introduction 01:05 - Who is Jackson Hills? 02:08 - Making sense of the complex issues on Australia’s housing crisis 05:18 - How can we promote inclusive housing policies that benefit all sectors of society? 09:20 - What are some of the more acute housing problems in Queensland vs other states? 13:36 - Understanding the impact of oversupply concerns on property prices 15:31 - How feasible is the build-to-rent sector considering current challenges? 19:19 - What factors are influencing landlords' decisions to increase rents? 21:49 - Ways governments can aid build-to-rent and community housing? 24:50 - Can private developers profitably engage in build-to-rent on government-owned land? 32:03 - How can developers contribute to designing inclusionary planning frameworks? 37:37 - Understanding the universal housing continuum 42:29 - Insights on rising rental prices resulting in displacement 45:45 - Are there any developers focusing on more than just selling or renting units? 48:20 - Jackson Hills’ property dumbo About Our Guest: Jackson Hills, Manager of Policy and Strategic Engagement at Q Shelter, brings over 15 years of experience in not-for-profit and community organisations, previously serving with Tennis Australia, the AFL, and the Australian Sports Commission. With a master’s in business administration from SCU and accreditations from the AICD, Jackson leads efforts at Q Shelter, Queensland’s primary body for housing and homelessness services. He also serves on the Board of Common Ground Gold Coast, the executive committee of National Shelter, and advises at Collective Leisure, alongside mentoring at the Gold Coast Youth Service. Connect with Jackson Hills: LinkedIn https://www.linkedin.com/in/jackson-hills-3702a825/ Website https://qshelter.asn.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Negative gearing and its companion, the capital gains tax discount, have reemerged as hot topics in economic and political circles. But why does it matter? Well, it affects investors, homeowners, and the economy as a whole. There's a lot of confusion about what it all means and what might happen next. In this episode, we explain what negative gearing and the capital gains tax discount are all about. We clear up any confusion and explore why they're in the news again. By the end, you'll have a better grasp of these topics and what they mean for you. Tune in to learn why negative gearing is making waves and what it could mean for your finances. Whether you're a seasoned investor or just curious, this episode will give you the insights you need to understand the headlines. Episode Highlights: 00:00 - Introduction 02:06 - Why is negative gearing back in the headlines again? 04:40 - What are some of the unintended consequences of negative gearing? 06:28 - What is negative gearing? 10:22 - Why is negative gearing controversial? 12:30 - Understanding property investment yields and capital growth 16:49 - Capital gains concession tax and how it works 20:30 - How can investors benefit from changing the capital gains tax 27:30 - How could modifications in negative gearing influence the property market? 33:36 - Is it true that negative gearing contributes to making housing less affordable? 40:01 - How do these tax changes affect the housing market? 44:46 - Are there potential repercussions in removing negative gearing? 47:25 - How can borrowing capacity reductions slow down portfolio investors? 50:29 - Do current tax rules reward "bad behaviour" in property investment? 55:24 - Chris discusses the potential negative impact of attacking negative gearing Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

The real estate landscape is constantly evolving, and recent data has unveiled surprising trends in Australian cities' property markets. Brisbane's boom, Hobart's unexpected decline, and Perth's resurgence raise intriguing questions and we're unsure if the numbers we're seeing are telling us the whole truth. Are these trends indicative of long-term changes, or are there underlying factors that could challenge our understanding of the data? In this episode, we are once again joined by Eliza Owen, the Head of Research at CoreLogic Australia whose vast experience in housing market research makes her an authority on key issues such as housing affordability, credit conditions, and the impact of external factors like the COVID-19 pandemic on the housing market. If you're thinking about buying or selling a house, this episode could help you make better decisions. So join us and gain a better understanding of the data conundrum shaping Australia’s property market landscape. Let’s get started. Episode Highlights: 00:00 - Introduction 01:14 - Who is Eliza Owen? 02:22 - Are experts predicting positive trends for the housing market in 2024? 05:17 - How can Brisbane's dwelling values be higher than Melbourne's despite lower prices? 12:01 - What factors are driving the shift in migration patterns away from Sydney? 14:11 - Differences between Brisbane, Hobart, and Perth's property markets 17:48 - Understanding the factors influencing property prices beyond internal migration 19:19 - What factors influence borrowing capacity for property purchases? 21:36 - How is investor behaviour impacting the stability of the housing markets? 25:38 = Criteria used to identify rentvestors and owner-occupiers in the housing market 28:03 - Understanding Eliza’s women and property report 40:29 - How research methods account for women who co-own properties with male partners 50:44 - How financial literacy influences consumer response to reduction in interest rates 53:52 - What changes have occurred in property market drivers since Eliza started? About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/ Visit their website: https://www.corelogic.com.au/ Resources mentioned in this episode: CoreLogic Australia’s Women and Property Report 2024 https://www.corelogic.com.au/news-research/reports/women-and-property-2024 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Are rental pressures set to continue in 2024, or is there hope for easing in certain areas? Securing a rental property is becoming increasingly challenging in 2024, posing difficulties for landlords and tenants alike. For property investors, it’s about facing the task of strategically investing their funds. Meanwhile, tenants are faced with the uncertainty of rising rental rates and limited housing options. Today, we are joined by our resident data geek, Kent Lardner to dissect these pressing issues. With Kent's expertise in analysing real estate trends, he brings invaluable insights into the factors shaping the rental market landscape in 2024. Tune in to get some helpful tips and actionable takeaways in dealing with the rental market in 2024. Episode Highlights: 00:00 - Introduction 01:00 - Kent's approach to investigating the outlook for the rental market in 2024 04:41 - The difference in gathering and reporting rental data compared to sales data 06:32 - Analysing the current state and potential future developments in the rental market 09:06 - The challenges of housing affordability and the resulting trends 14:07 - Rental trends in the context of affordability and price increases in various capital cities 18:55 - Key factors influencing equity and borrowing capacity for investors 21:12 - Does prefab construction offer a solution to housing affordability? 26:09 - The dynamics of affordability and price increases in Brisbane, Melbourne, Sydney 30:27 - Why is the majority moving OUT of Sydney? 34:45 - Displacement in the rental market and its implications on supply and demand 36:43 - The potential impacts of legislative reforms on rental data transparency 42:23 - What role should policymakers play in addressing rental insecurity? 43:45 - What steps can be taken to ensure equitable access to affordable housing for all? About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Do first home buyer incentives actually help make housing more affordable, or do they unintentionally worsen affordability issues? As the debate surrounding first home buyer incentives continues, we seek to understand their true effect on property prices and overall housing affordability. Governmental interventions, such as lending to first home buyers, raise questions about the source of funding and who ultimately benefits from these policies. Today, we are joined by property valuer, Will Phillips — whose extensive research and expertise in property valuation brings valuable insights into how first home buyer incentives are affecting the housing market. Tune in to this episode as we explore the complexities of first home buyer incentives and gain a deeper understanding of how these policies are affecting housing affordability and the broader socio-economic landscape. Episode Highlights: 00:00 - Introduction 01:04 - Who is Will Philips? 03:25 - Why does Perth exhibit higher rates of homeownership in contrast to other areas? 09:34 - How Will separated macro-environmental factors from incentives in his research 14:24 - Do Perth residents benefit from simplified housing access? 16:46 - What's the impact of keystart loans on suburban financial trends? 19:39 - Do incentives create imbalance between new and established markets? 22:17 - What challenges do homeowners in suburbs face amid recent price changes? 26:45 - Examining the correlation between mortgage rates and long-term unemployment 30:44 - Additional questions arising in the discussion about homeownership and employment 37:20 - What's Will's take on Perth's investor appeal amid changing market factors 39:54 - Will's philosophy on assessing risk and return in property investment 42:48 - How does owner-occupier appeal differ between Perth and Southeast Queensland? 47:01 - Exploring the relationship between market dynamics and build quality 49:05 - Will Phillips’ property dumbo About Our Guest: Will Phillips is a property valuer with a 15-year career spanning Australia's diverse landscape. Beginning in South-East Queensland, he assessed properties in urban and remote areas before gaining unique insights in Outback NSW, Outback QLD, Coastal QLD, and Western Australia. Coupled with a Master of Economics (2023), Will dedicated his "spare time" to a 20,000-word dissertation investigating the impact of the mining industry, first home buyer grants and low deposit home loans on Western Australia's property market over the past 20 years. His extensive experience equips him with unparalleled insights into regional dynamics and market cycles across Australia. Connect with Will Phillips: LinkedIn https://www.linkedin.com/in/will-phillips-cbre/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Are we adequately prepared for the consequences of the rapid surge in apartment construction and the subsequent increase in strata dwellings? As we witness a significant increase in the number of new dwellings within strata schemes, it's essential to assess whether our current strata management practices are sufficient to handle the associated challenges. From potential conflicts among residents to the strain on resources and infrastructure, the implications of this rapid growth in strata dwellings are far-reaching and require careful consideration. Today, we're joined by Michael Teys, an experienced consultant who specialises in strata management. With over three decades of hands-on experience in the field, Michael has a deep understanding of how strata systems work. He's also written several easy-to-understand books about strata management and has helped lots of strata communities with his expert advice. Don't miss out on this opportunity to gain a deeper understanding of the evolving landscape of strata management – tune in now! Episode Highlights: 00:00 - Introduction 01:07 - Who is Michael Teys? 01:48 - How does Australia stand out in terms of strata? 05:26 - Will Sydney continue to see more buildings deemed unsafe? 09:00 - Could individual past owners of buildings face lawsuits for building neglect in Australia? 12:03 - What can Australia learn from global solutions for building issues? 17:31 - The importance of having more proactive steps for Australian strata issues 21:19 - Why and how the government could potentially help in addressing strata issues 29:34 - What can be done to improve the strata property purchasing processes? 35:15 - What property investors and home buyers should understand about strata levies 36:29 - How do global policies tackle strata safety and developer accountability across borders? 39:37 - How can potential buyers obtain reliable safety information about strata properties? 44:49 - What strategies could be considered to ensure building safety remains a priority? 49:56 - Where to find hope amidst the challenges and discussions within the strata community? 52:50 - Michael Teys’ property dumbo About Our Guest: Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals. Connect with Michael Teys: Website https://michaelteys.com/ LinkedIn https://www.linkedin.com/in/michaelteys/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

The YIMBY (Yes In My Backyard) movement proposes increasing urban density while maintaining the quality of life. This raises questions about the potential impact on developer profits, the power struggle between YIMBYs and NIMBYs, and the broader implications for city planning and community dynamics. Join us as we talk with Melissa Neighbour, an urban planner, community builder, and the co-founder of Sydney YIMBY. With her extensive experience and expertise in sustainability, Melissa is uniquely positioned to shed light on the intricacies of the YIMBY movement and its potential to reshape urban landscapes. Listen to this episode to learn about the YIMBY movement and its implications for urban living. Get insights into the future of city planning and the ongoing argument between YIMBYs and NIMBYs. Episode Highlights: 00:00 - Introduction 01:23 - Who is Melissa Neighbour? 02:31 - What is the origin of the Sydney YIMBY movement and how has it been growing? 05:10 - How do YIMBYs reconcile urban development's impact on infrastructure? 08:34 - Do YIMBYs shift their views and become NIMBYs after buying property? 12:24 - How does the YIMBY movement aim to influence urban planning reforms? 18:32 - Addressing the challenges that arise from negative perceptions of development 23:53 - What is “design done well” 25:56 - How does housing diversity impact the realisation of the Great Australian Dream? 31:01 - Is zoning alone enough to solve housing supply issues? 32:56 - What is the balance between development and preservation in urban infill? 35:25 - Strategies for addressing housing supply constraints within the planning system 42:12 - What additional changes are necessary to create a fair market environment? 43:11 - How can urban development balance heritage preservation and housing density? 46:48 - The role of investment returns, affordability, and preferences in property trade-offs 53:01 - What role does planning play in high-density development success? 59:36 - Melissa Neighbour’s property dumbo About Our Guest: Melissa Neighbour is an urban planner, community builder and sustainability specialist. She is the owner and Director of Sky Planning, a purpose-driven town planning consultancy based in Sydney, and co-founder of Sydney YIMBY. She has developed and implemented award-winning sustainable development projects across Australia, and is a strong advocate for building progressive, inclusive cities that unleash and amplify your peak potential as a human being, while regenerating the natural environment. Melissa regularly consults to government and industry and presents at major fora including TEDx, on the innovations, trends and forces that are shaping urbanism and defining our communities. Connect with Melissa Neighbour: LinkedIn https://www.linkedin.com/in/melissaneighbour-future-city/ Website https://www.sydney.yimby.au/ Twitter https://twitter.com/missneighbour Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Join us in today's episode as we tackle real estate head-on, responding to questions from our listeners that hit close to home. Ever found yourself rushing to perform strata due diligence on a property about to slip through your fingers? We've got you covered with practical strategies for navigating this time-sensitive challenge. And what do you do when your strata manager seems to have disappeared into thin air? We share practical and effective advice on effective communication to break through those managerial roadblocks. For investors struggling to understand the complexities of land tax, we break down the tipping point for selling, ensuring you make informed decisions about your investment portfolio. Dive into the regional dynamics of property markets as we explore why East Coast property enthusiasts might turn their noses down at Perth real estate. We discuss the cultural perceptions influencing this divide. Plus, get the lowdown on the rising trend of modular and kit homes, helping you separate fact from fiction in this innovative housing landscape. Tune in for a no-nonsense Q&A session, where we tackle real estate challenges, providing insights that will empower your investment journey. Episode Highlights: 00:00 - Introduction 01:05 - How to conduct thorough due diligence solely with vendor-provided strata reports? 10:15 - When should investors sell in Sydney considering land tax impact? 15:59 - Veronica shares a property dumbo related to land tax 28:49 - Is building with pre-built and modular homes economically viable? 35:56 - What to do if strata manager ignores queries on solar panels and insurance? 41:12 - Is there a Perth property market misconception among East Coasters? Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode #308: Pros vs Cons: Relying on Vendor-Paid Pre-Purchase Inspection Reports https://www.theelephantintheroom.com.au/podcasts/308 Listen to the Your Strata Property Podcast https://yourstrataproperty.com.au/listen-to-podcasts/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Have you ever wondered why, despite the widely recognised affordability crisis in Australia, housing prices continue to soar? This puzzling situation raises questions about how the housing market works and what it means for those trying to buy a home or invest in property. In today's episode, we talk to senior economist Paul Ryan from REA Group’s PropTrack. Paul's been digging into real estate trends for quite a while, and he's got a practical grasp of the subject. His straightforward insights into what's driving housing prices gives us a clear picture of the current market. If you'd like to understand why homes are becoming more expensive even in the face of affordability concerns, or maybe you're curious about the disconnect between affordability and rising prices, this episode is for you. Episode Highlights: 00:00 - Introduction 01:06 - Who is Paul Ryan? 01:56 - Paul’s take on the 2023 property market coming into 2024 03:57 - Factors behind the decline in housing turnover over the past decade 06:09 - How are economic factors affecting the downsizing phase of homeownership? 08:49 - What role does Australia's economic well-being play in housing affordability? 10:39 - Metrics used to assess affordability and which one labels Australia as highly-priced 16:24 - How will intergenerational wealth transfer impact future housing affordability? 19:02 - Strategies on the government's roadmap for housing challenges in the next decade 22:08 - How Paul thinks the shortage of homes in desirable locations should be tackled 30:23 - Is the COVID-driven home builder initiative really causing a profitless boom for builders? 33:12 - Should heritage preservation take precedence over urban densification? 36:27 - Explain the inconsistency of crowded living and spare bedrooms near the CBD 39:29 - How can the real estate industry make downsizing more appealing for empty nesters? 43:05 - What factors contribute to the surprising affordability of buying versus renting? 45:26 - Exploring the RBA's mindset during periods of slowing inflation 50:47 - What’s the disconnect: 40% negative cash flows, but no widespread property sales? 54:45 - Paul Ryan’s property dumbo About Our Guest: Paul Ryan is an economist at REA, specialising in housing finance, market forecasting and big data analysis. Before joining REA in December 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets. Paul is based in Sydney. Connect with Paul Ryan: LinkedIn https://www.linkedin.com/in/paul-ryan-524ba456/ Read Paul’s articles here https://www.realestate.com.au/news/author/paul.ryan/ Visit PropTrack’s Website https://www.proptrack.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Have you been keeping an eye on how the world's reopening is influencing the choices of Australian expats in the real estate market? Wondering if the trend of returning home is on the rise or if new destinations are emerging as hotspots for Aussies living abroad? What's really happening now that the world is opening up again? Are Aussies flocking back home, or are they still loving the expat life? In today's episode, we sit down with Brett Evans from Atlas Wealth Management to get into the real deal about Australians living overseas and their impact on the property market. He's seen it all and knows the ins and outs of why Aussies are choosing to live where they do. We also tackle money matters as we all know that while living abroad can be exciting, it also comes with its own set of financial challenges. So Brett gives us the lowdown on taxes, investments, and all that important stuff that can make or break the expat experience. Tune in and let's dive right into the world of Aussie expats and understand their impact on the property market. Episode Highlights: 00:00 - Introduction 01:02 - Who is Brett Evans? 01:56 - How has the expat community evolved in the years following 2021? 05:06 - Brett provides insights into the tax implications for expatriates working globally 10:50 - Is working for Australian companies from overseas becoming more common? 13:52 - Three distinct silos or groups identified in expatriate perspectives 15:13 - Factors affecting property buying behaviour among Australian expats 22:52 - Tax implications for expats when they return to Australia for a limited period 24:01 - What concerns arise for Australian retirees regarding asset sales when retiring abroad? 27:36 - How proper advice mitigates the risks of costly decisions for expatriates 31:49 - Horror stories about mistakes people make when purchasing property abroad 35:45 - Are there noticeable patterns in expatriates moving and returning? 40:35 - What considerations shape investment choices for Australians overseas? 45:50 - Does Brett consider the 2021 policy on expatriate properties short-sighted? 49:00 - Brett Evans’ property dumbo About Our Guest: Brett Evans, founder and Managing Director for the EMEA region at Atlas Wealth Management, boasts over 24 years in finance and investments, with roles at major firms like ASX, HSBC, Suncorp, and Citigroup. Specialising in financial advice for Australian expats, he established Atlas in 2011, serving clients across 38 countries. A seasoned expat himself, residing in Dubai, Brett holds a Bachelor of Commerce and various financial diplomas. Both he and Atlas Wealth Management have received numerous awards for their outstanding advice to Australian expats. Connect with Brett Evans: LinkedIn https://www.linkedin.com/in/brettaevans22/ Website https://atlaswealth.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

How reliable is the data behind Perth's property boom, and what does it truly tell us about the future of this market? Is the market genuinely booming, or are we looking at a bubble that's about to pop? Today, we take a look at Perth's bustling real estate scene with Ray Chua, a seasoned buyers agent who's right in the thick of it all in Perth. He brings us the inside scoop by breaking down what's really driving the spike in property values in this vibrant city. Ray's got his finger on the pulse of the market, so he walks us through the trends by putting his years of experience and local know-how to work. He takes a hard look at the data investors usually bank on, hinting that it might not be as solid as we thought. For anyone thinking about jumping into Perth's property market, this episode is for you. Should you jump on the bandwagon and enjoy the surge in values, or is there a danger of getting caught in a slump? Tune in and let's get started! Episode Highlights: 00:00 - Introduction 01:03 - Who is Ray Chua? 02:09 - What is a mechatronics engineer? 03:16 - How did Perth's real estate market evolve over 20 years? 05:32 - What were Perth's property market trends from 2006 to 2023? 10:23 - How Perth evolved into a consolidated city from being just a mining town 11:31 - The primary industries driving Perth's economy 14:54 - Ray explains why he believes Corelogic's Perth data is incorrect 17:11 - How do local and external perspectives differ in Perth's property market? 24:22 - What risks do unqualified buyer's agents pose in real estate? 29:15 - Is there a growing buzz around investing in Perth's real estate? 33:58 - How affordability factors are impacting bridesmaid suburb popularity 35:57 - Is a rebound in Perth's property market guaranteed? 40:18 - How accurate is the claim of high vacancy rates in Perth? 43:53 - Are high earners in Perth poised to boost the market with more spending? 45:24 - Ray Chua’s property dumbo About Our Guest: Ray Chua, with 15 years as a Buyer’s Agent in Perth's property market, and a background in Mechatronics Engineering, combines analytical skills and extensive real estate expertise. He's adept in tailored client solutions, leveraging a vast network and a strong commitment to excellence. An active investor, Ray has handled projects from renovations to developments, including a significant triplex project. His experience with market dynamics post the mining boom led him to establish Buyers Advocate Perth, focusing on high-quality investments for clients and aiding in purchasing dream homes. Connect with Ray Chua: Website https://www.buyersadvocateperth.com.au/ LinkedIn https://www.linkedin.com/in/chuaray/ Twitter https://twitter.com/ray_chua Instagram https://www.instagram.com/rayyyychua/ Facebook https://www.facebook.com/BuyersAdvocatePerth/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Looking to understand how the property market performed in 2023 and what to expect for 2024? Our January Suburb Trends report is here to guide you. We've closely analysed each capital city's performance in 2023, so we can provide you with direct and clear insights. Our resident data geek, Kent Lardner, is back to highlight the major shifts in each state's market. We cover the top three factors that influenced the market last year for a comprehensive overview. And finally, we tackle an important question: What do last year's trends indicate about investment opportunities in 2024? Join us for valuable insights that will help you prepare for the year ahead. Let’s get into it! Episode Highlights: 00:00 - Introduction 01:16 - How have Perth's property prices changed despite low listings? 05:22 - How did COVID impact real estate in Australian capitals? 06:40 - Listings decreases for units 07:17 - Areas where listings have increased 09:31 - Listings increase for units 10:52 - Inventory decreases in houses 11:35 - Inventory decreases in units 14:53 - Housing inventory levels in Sydney and Perth 15:57 - How are inventory levels changing in different areas in Australia 23:21 - Rental decreases for houses in Australia 27:03 - Top 10 rental increases for houses and units 33:00 - The biggest topics about property in 2024 About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Wondering what the 2024 property market has in store for you? Let's dive into the big trends and changes that might be coming our way. In this episode, we take a close look at what could shape the property market in 2024. We're not making any predictions, but we'll talk about the important stuff like interest rates, how many houses are up for sale, and the impact of people moving into the country. We also talk about how bigger economic trends and government decisions could affect the property market. Plus, we'll look at which areas might become more popular for buying houses and why. This part's really handy whether you're buying your first home, looking to invest, or just curious about what's happening in real estate. So, whether you're planning to buy, sell, or just stay in the loop, tune in to this episode. We're breaking down the 2024 property market to help you make smart moves and stay ahead of the game. Episode Highlights: 00:00 - Introduction 01:01 - Reflection on the real estate market of Australia in 2023 02:30 - Analysis of property price trends in Sydney and other Australian cities 04:35 - Australian property market dynamics in relation to interest rates and borrowing capacity 09:04 - Discussion on fixed rate cliffs, borrowing capacity, and resilience in the property market 10:47 - Examination of the rental crisis and its impact on the property market 14:48 - How does the shift from remote to office work impact real estate trends? 20:57 - Emerging trends in real estate due to changing family needs 23:55 - How is intergenerational wealth shaping the Australian property market? 28:15 - Factors driving the recent influx of investors in the property market 31:58 - The effect of rising interest rates on recent refinancing decisions 35:19 - The potential impact of new rezoning policies on the property market 40:45 - What are the implications of global economic uncertainty on property prices? 43:47 - Lessons learned from the unpredictability of the property market 46:41 - What six years of podcasting has taught us about the property market Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Is the dream of owning a home in Australia becoming increasingly difficult amidst rising interest rates and the influx of migration? In today's episode, we delve into the escalating challenges of home ownership in Australia, focusing on the combined impact of rising interest rates and increased migration. We start by examining how these higher interest rates are making it increasingly difficult for people to buy homes. Following this, we explore the influence of recent migration patterns on the property market, analysing how these demographic shifts are affecting housing demand and prices. Martin North, founder of Digital Finance Analytics, joins us to offer his expert insights into the intertwined issues of climbing interest rates, growing migration, and the pursuit of affordable housing. Amidst these challenges, we also highlight the innovative strategies Australians are adopting to tackle the affordability crisis. Tune in for an in-depth exploration of Australia's housing affordability crisis, where we'll discuss both the problems and the creative solutions emerging in response. Episode Highlights: 00:00 - Introduction 01:12 - Overview of Martin North's expertise and background in finance and property 02:12 - Similarities and differences in Australia and UK property market 05:34 - Does the UK property market hold similar economic weight as Australia? 12:16 - The impact of recent immigration trends on the Australian property market 16:03 - Comparing UK and local inflation trends post-COVID: What's different? 25:49 - Is the recent market recovery a result of changing immigration and wealth patterns? 33:12 - Why are unit resales in Melbourne facing losses despite market growth? 38:13 - What's the directional outlook for property prices next year? 42:43 - Has the Australian property market become more volatile recently? 49:08 - Key role of residential property in Australia's economy and government stability efforts 56:06 - Veronica shares a property dumbo 59:15 - Martin North’s property dumbo About Our Guest: Martin North is a prominent researcher who specialises in the mortgage lending, savings payments, and superannuation sectors. He is the founder of Digital Finance Analytics — a boutique research, analysis, and consulting firm. He has a long history of research in mortgage stress in Australia and publishes relevant indices on defaults, mortgage stress, and consumer confidence. In addition to his work in finance, he curates the YouTube channel "Walk the World," where he covers finance and property news with a distinctively Australian flavour and invites controversial guests. He is also a founding director of Asbestos Awareness Australia, a registered charity he established with his late wife, Jill, in 2021. Connect with Martin North: Subscribe to Martin’s YT Channel “Walk the World”: https://www.youtube.com/c/walktheworlddfa Connect with Martin North on LinkedIn: https://www.linkedin.com/in/martin-north-6a799182/ Visit Martin North’s website: https://www.digitalfinanceanalytics.com/ Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode #218: How Dangerous Is Asbestos Exposure When Renovating? https://www.theelephantintheroom.com.au/podcasts/218 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Is your empty room a solution to Australia’s rental crisis? Currently, Australia faces the challenge of a staggering 13.5 million spare bedrooms lying unused. Today, we delve deep into the exploration of whether these neglected spaces could hold the key to alleviating the country's housing crisis. Joining us is Ludwina Dautovic, the visionary behind The Room Xchange, a groundbreaking house-sharing platform. She's here to shed light on the potential impact of harnessing these overlooked resources and how it might reshape the housing landscape. Are we on the cusp of not only witnessing a resurgence in shared housing but an entirely new demographic embracing this alternative lifestyle? It's important to consider, however, that as this idea gains traction, so does a wave of concerns. Is inviting a stranger into your home a risk worth taking? Join us for a thought-provoking discussion that delves into whether your vacant room could emerge as the unexpected solution to Australia's rental crisis. Episode Highlights: 00:00 - Introduction 01:20 - Who is Ludwina Dautovic? 04:45 - Have there been notable shifts in housing preferences since the pandemic started? 07:46 - How does the rental offset option provide a unique solution? 12:18 - Should the government look at changing tax laws around house sharing? 15:12 - Is renting out rooms seen as a real solution to the housing problem? 18:18 - What are the odds of successful house sharing for someone in their 40s or 50s? 24:00 - House sharing is now considered the third option in real estate 28:01 - Are financial considerations impacting the decision to maintain a dedicated home office? 30:02 - What legal agreements exist to protect both homeowner and house sharer? 33:39 - What is the most common bone of contention in house sharing arrangements? 37:31 - How do changes in interest rates affect inquiries on your house sharing platform? 42:49 - What could be the biggest challenge for homeowners considering house sharing? 47:52 - Ludwina Dautovic’s property dumbo About Our Guest: Ludwina Dautovic is the CEO and Founder of The Room Xchange, Australia's first and only verified house-sharing platform. There are over 13.5m unused spare bedrooms in 10m homes across Australia. It's existing housing stock, that if accessed, could help ease our housing crisis. The Room Xchange provides Digital ID verification, profile matching and rental options so homeowners feel confident in the house-sharing process. With continual interest rate hikes and inflation on the rise, a spare room can yield $10K + a year. It can help relieve mortgage stress and provide affordable rental options for those priced out of the rental market. Connect with Ludwina Dautovic: Connect with Ludwina on LinkedIn: https://www.linkedin.com/in/ludwinadautovic/ Visit their website: https://www.theroomxchange.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In today's episode, we're turning the spotlight on you as we answer some burning questions that have been flooding our inbox. We'll cover everything from smart ways to buy a house before it goes up for auction, to understanding how inflation affects the value of your property. We'll also talk about when it's okay to take a breather from thinking about investing, and even ponder whether homes in Melbourne will ever hit a whopping $45 million mark. If you're on a tight budget but dreaming of property ownership, we've got practical tips for you as well. From creative financing options to alternative paths to property investment, we're here to show you that your financial situation doesn't have to be a roadblock. So buckle up and get ready for a podcast packed with useful tips, expert advice, and some food for thought. Tune in and boost your property game! Episode Highlights: 00:00 - Introduction 01:07 - Can a buyer's agent persuade a seller to avoid auctioning their property? 12:10 - The gap between media-reported price growth and the flat market reality with inflation 17:34 - The most advisable or practical approach for homeowners after acquiring their home? 23:22 - Is there a point where projected property growth becomes absurd or impractical? 31:34 - Strategies for low income Aussies to invest in property amid financial constraints Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Ever wondered how the ground beneath your strata property might be shifting? What if we told you there are new laws on the horizon in New South Wales that could reshape the foundation of strata living? In this episode, we’re joined by Amanda Farmer—host of Your Strata Property, and owner of Lawyers Chambers, to help us unpack significant developments that's sending ripples through the strata property landscape in New South Wales. If you own a unit, townhouse, or villa in the region, these changes might have a direct impact on you. But here's the kicker—as we explore the implications for strata owners in NSW, a crucial question is raised: Is this a blueprint that multi-dwelling owners in other states and territories should also be studying closely? Join us as we break down the complexities of these upcoming strata laws and explore whether they could be a game-changer not just for residents in NSW, but for strata owners nationwide. Episode Highlights: 00:00 - Introduction 00:57 - Who is Amanda Farmer? 02:04 - What's the latest buzz surrounding strata properties and what's unfolding next? 03:56 - Is there a typical legislative process for implementing new laws in strata? 06:11 - Upcoming laws that address the challenges of pet ownership in strata communities 09:04 - What is a strata levy that is struck and why you need to pay in just 14 days 11:48 - How accurate are the headlines about individuals struggling with levy payments? 14:19 - Are unexpected strata costs affecting potential clients' budget for property purchase? 18:16 - In what way does the insurance industry exacerbate problems faced by strata? 22:42 - What are the upcoming laws regarding notice periods for strata meetings? 26:32 - Why is there a growing emphasis on maintaining electronic records in strata property? 29:54 - Veronica mentions the new strata commissioner and asks about his mandate 32:53 - How does new legislation simplify the removal process of strata committee members? 38:05 - Is there a perceived rental crisis linked to recent legislative shifts favoring tenants? 42:05 - Strategies for bridging the expertise gap in strata management 46:12 - Why buyers are advised to conduct their own building inspections in strata purchases 51:30 - Amanda Farmer’s property dumbo About Our Guest: Amanda Farmer is a lawyer and the owner of Lawyers Chambers, a strata-focussed legal practice in Sydney. She is also the host of the long-running podcast Your Strata Property, the world’s only podcast dedicated to explaining the legal complexities of strata-titled properties. With over 20 years' experience in the strata legal sector, Amanda is both a Fellow and Council Member of the Australian College of Strata Lawyers, and she is also the founder of Women in Strata, a networking group for women working in strata management. An increasingly in-demand speaker and educator, Amanda has been educating strata managers, apartment owners and residents for many years, through round table workshops, webinars, seminars and keynote presentations. Connect with Amanda Farmer: LinkedIn: https://www.linkedin.com/in/amandafarmerlaw/ Facebook: https://www.facebook.com/yourstrataproperty/ Instagram: https://www.instagram.com/yourstrataproperty/ Visit their website: https://yourstrataproperty.com.au/ Lawyers Chambers on LinkedIn: https://www.linkedin.com/company/lawyers-chambers-on-riley-pty-ltd Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode 304: Strata Properties: What’s Changing and Why? https://www.theelephantintheroom.com.au/podcasts/304 Your Strata Property Episode 370: Affordability, availability and competition in strata insurance – with John Trowbridge https://yourstrataproperty.com.au/370-affordability-availability-and-competition-in-strata-insurance-with-john-trowbridge/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Buying a home can get tricky and expensive, especially when you have to pay a bunch of money for inspections before sealing the deal. Some even end up skipping these checks because the bills add up fast, especially if they keep losing out on bidding wars. In this episode, we're digging into two options: seller-paid inspection reports or splitting the cost among potential buyers. But here's the big question: Can you really trust the reports if the seller is the one paying for them? Are there hidden issues, or is everything on the up-and-up? To guide us in exploring these questions, we sit down with Rhys Rogers, the co-founder and CEO of Before You Bid, a groundbreaking property technology firm at the forefront of transforming the pre-purchase inspection landscape. In a world where technology is shaking things up, prop-tech companies are jumping in to make life easier for homebuyers. One such solution is the advent of marketplaces for pre-purchase inspections. Can these platforms offer a more accessible and affordable option for buyers? Join us as we break down the nitty-gritty of relying on seller-paid reports, exploring the good stuff, the challenges, and how technology is shaping the way we buy homes. Episode Highlights: 00:00 - Introduction 01:24 - Who is Rhys Rogers? 02:11 - What sparked Rhys’s idea for a property-related service or product? 04:36 - Discussing the pros and cons of the concept of a shared economy 06:13 - Challenges in ensuring consistency and reliability among inspectors in the marketplace 09:38 - How do vendors decide whether to make inspection reports public on the platform? 12:45 - What’s the process of selecting building and pest inspectors for bank valuations? 18:20 - Managing conflicts of interest between building inspectors and real estate agents 22:08 - Suggestions for improving the seller-paid inspection system to avoid bias 27:15 - What ensures inspectors' accountability for rule violations or inaccurate reports? 30:10 - What are the Australian standards for a building and pest inspection? 32:52 - Current regulations and standards for strata record-keeping across Australian states 37:16 - Rhys's potential expansion into a real estate marketplace 38:33 - How can buyers leverage building and pest report data for property evaluation? 41:20 - Rhys Rogers’ property dumbo 47:46 - How prevalent is the practice of getting a second inspection to verify initial findings 53:18 - Veronica’s advice for buyers when it comes to relying on seller-paid reports About Our Guest: Rhys Rogers is the co-founder and CEO of property technology Before You Bid. Rhys started out his professional career as an insolvency accountant, before delving into creating a start up in the property space. Since launching 8 years ago, Before You Bid has grown to be the largest marketplace for building and pest and strata inspectors. The platform now helps over 100,000 people buy and sell property every year and aims to be the Home of Property Compliance and Due Diligence. Connect with Rhys Rogers: Connect with Rhys on LinkedIn: https://www.linkedin.com/in/rhys-rogers-b7772038 Visit their website: https://www.beforeyoubid.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In the face of a nationwide rental crisis characterised by soaring rents, historically low vacancy rates, and a surge in immigration, one might expect investors to be flocking to the real estate arena. However, the reality is starkly different. Investors are hitting the sell button, prompting us to ask the crucial question—why? Today, we're privileged to have Nicola McDougall — chair of PIPA, join us in dissecting the intricacies of this market upheaval. Nicola brings her wealth of expertise to help us dissect the intricacies of the current real estate landscape. Together, we explore the reasons behind the increasing number of investment properties hitting the market when conventional wisdom suggests the opposite. Tune in and join the conversation as we explore the forces shaping Australia's property landscape and seek to understand why, in the midst of apparent opportunity, investors are choosing to take a different path. Episode Highlights: 00:00 - Introduction 01:03 - Who is Nicola McDougall? 01:53 - What's the methodology behind the PIPA investor sentiment survey? 07:09 - What constitutes the national rental pool in terms of property numbers? 12:51 - Is the government a key factor in shaping investor attitudes currently? 15:44 - Some primary motivations for investors selling properties in Australia 23:14 - Understanding factors behind tenancy reform and investor divide 25:33 - Anticipating the impact of regulations and borrowing costs on investor trends 31:27 - What broader issues are indicated by the housing shortage beyond just the rental crisis? 36:16 - The effect of the COVID-19 pandemic on property investors and their market presence 39:54 - Why the expected impact of increased interest rates hasn't played out in Sydney 44:00 - Is the government fully aware of the property market's long-term investment issues? 49:38 - How investors can navigate the tightening credit environment 51:28 - Nicola McDougall’s property dumbo About Our Guest: Nicola McDougall has served as the Chair of PIPA (Property Investment Professionals of Australia) since early 2022, bringing to the role her expertise as an award-winning property and finance journalist, author, and successful property investor. As the Director of Bricks & Mortar Media, she has co-authored notable works such as "The Female Investor: Creating Wealth, Security & Freedom Through Property," which secured the personal finance and investment category award at the 2022 Australian Business Book of the Year. Additionally, Nicola has contributed to the 3rd edition of "Property Investing For Dummies" and authored the 1st editions of "Buying a Property for Dummies" and "Property Investing Essentials for Dummies," all published in 2023 by Wiley. With a background as the former editor of Australian Property Investor magazine and head of corporate affairs at the REIQ, Nicola has been a dedicated PIPA board director since 2014. Connect with Nicola McDougall: Nicola’s LinkedIn profile https://www.linkedin.com/in/nicola-k-mcdougall/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Over the past year, interest rates have surged at an unprecedented pace, leaving borrowers who once enjoyed the luxury of sub-2% rates now grappling with interest rates hovering around 6% for their mortgages. The impact is so noticeable, it's creating immense pressure on existing borrowers and significantly curtailing the borrowing capacity of newcomers. The question that emerges is, "how is the lending market surviving in the face of such adversity?" One might expect a flood of distressed property sales and a sharp decline in property prices and yet surprisingly, that's not the case. Distressed sales are somewhat scarce, and property prices, in some markets, continue to rise, which then raises a fundamental query: "what's keeping the lending market afloat?" In this episode, we're joined by Daniel Gold of Long Property to uncover the intricate dynamics at play in the lending market. We explore the factors contributing to borrowers' resilience in managing higher repayments and the ability of many to still access finance. The lending market, as it turns out, is a complex ecosystem with numerous layers, and we're here to help you unravel it. So, let's get started! Episode Highlights: 00:00 - Introduction 01:28 - Who is Daniel Gold? 02:15 - How resilient has the property market been since 2022? 03:17 - How are people still managing to access the money required for property purchases? 05:27 - Is there a notable shift in intergenerational wealth transfer? 08:41 - Are second-tier lenders benefiting from interest rate trends? 10:49 - How are different types of clients coping with higher interest rates? 12:46 - Differences in responsibilities and regulations between banks and other types of lenders 18:58 - What's the impact of the new 1% buffer policy on refinancing? 28:19 - Potential challenges of younger borrowers investing in the Sydney property market 33:46 - What’s the impact of the rental crisis on investors? 37:58 - How effective are housing reforms in addressing supply issues? 43:12 - How are clients responding to recent changes in the holiday home market? 50:50 - Are people upgrading their properties more frequently? 52:37 - What are the reasons behind the market's willingness to invest? 54:09 - The complexities of buying and selling real estate in a competitive market 55:47 - Daniel Gold’s property dumbo About Our Guest: Daniel Gold runs the business Long Property and he’s one of the top mortgage brokers in Melbourne. He has been selected as a finalist for best residential broker and broker of the year at the main industry awards for the past 3 years in a row. He specialises in providing a high-end service predominantly to professionals and self employed clients. Connect with Daniel Gold: Check out Daniel Gold’s blog here: https://longproperty.com.au/doing-well-in-real-estate-lessons-from-our-top-clients/ Connect with Daniel on LinkedIn: https://www.linkedin.com/in/danlgold/ Visit their website: https://longproperty.com.au/ Check out Daniel Gold’s book: https://www.amazon.com/Long-Property-Daniel-Gold/dp/064829952X Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Rising property inventory can introduce several risks for property investors. An increase in available properties can lead to market saturation, as supply outpaces demand. This oversaturation can drive down property prices and rental rates, potentially impacting the profitability of real estate investments. In today's episode, our resident data geek, Kent Lardner discusses a significant trend he has noticed in the Australian property market which is all about the rising number of available properties and what it could mean for investors. While it seems like things are getting back to normal, there's a catch you will probably need to look out for. Throughout the episode, we dive into the specific areas in Australia where this rising property inventory trend could create problems for investors. Stay informed about local market conditions so you can navigate the risks and make the right investment decisions, press that play button and let's get started. Episode Highlights: 00:00 - Introduction 01:02 - How Kent tackled the inventory level challenge 02:36 - What's the relationship between property inventory, supply, and demand? 06:58 - Real estate market trends and hotspots 11:19 - Real estate market trends and price falls in Australia 14:28 - Housing market trends and COVID-19 impact 19:01 - Housing affordability in Australia 23:16 - Housing market trends and overheating in regional areas 29:44 - Housing market impact of Airbnb short-term rentals 31:04 - Real estate market trends and inventory levels 36:39 - Real estate motivations and market trends 39:57 - Housing market trends and downsizing 42:41 - Real estate market trends and pricing 45:14 - Real estate market trends and inventory in Australia 48:34 - Real estate market trends and metrics About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

The debate over strata properties has been ongoing in real estate, with enthusiasts and skeptics locked in a perpetual tug-of-war. The cons, such as mandatory strata levies and the perception of lower capital growth compared to standalone houses, have often taken center stage. However, in the world of strata living, there is a tapestry of complexities that often goes unnoticed, which makes it far more than just a black-and-white investment decision. In this episode, we are joined by Karen Stiles, Executive Director of the Owners Corporation Network, and we dive headfirst into the fascinating world of strata properties, shedding light on the dynamic changes occurring in the strata landscape. We challenge the common belief that "all units make bad investments" and uncover the nuanced reasons behind this dichotomy. While there are indeed risks and responsibilities, there's a hidden treasure trove of benefits that many overlook when considering strata living or investment. But here's the twist: strata living isn't for everyone. It requires a certain temperament to thrive in a cooperative space. And as we dive deep into the challenges, and changing dynamics in the world of strata, may these insights help you make informed decisions about this intriguing facet of real estate. Episode Highlights: 00:00 - Introduction 01:25 - Who is Karen Stiles? 02:26 - Building commission changes in NSW and its impact on property owners 08:02 - Complexities, challenges, and risks in strata property insurance 13:21 - Can the strata commissioner contribute to improved strata property management? 14:48 - Specific challenges associated with the changing strata property landscape 19:01 - Solutions or strategies to address the hurdles in getting strata remedial work done 23:45 - What is the current status of "Project Remediate" in New South Wales? 28:09 - Is there a shift from investor-owned to owner-occupied properties? 31:03 - Housing shortages and Airbnb in Sydney 36:01 - Property management regulations in Australia 39:59 - Sustainability and energy issues in Australian apartment buildings 43:07 - Strata living challenges and education 46:01 - What's the most important change you'd like to see in the strata space? 49:05 - Karen Stiles’ property dumbo About Our Guest: Karen Stiles is Executive Director of the Owners Corporation Network, the independent voice of strata owners. In her 11 years with OCN, she has heard the gamut of good and bad news stories relating to what she refers to as strata births, deaths and marriages aka 1st Annual General Meetings, living cooperatively, and collective sale. Karen’s experience on strata committees began with her first apartment in 1984, and includes everyone’s worst nightmare: overseeing a large defects claim after an off the plan purchase. Today she is Chair and Secretary of an older, medium sized strata scheme which has undertaken foyer, lift and fire safety upgrades. Connect with Karen Stiles: Connect with Karen Stiles on LinkedIn: https://www.linkedin.com/in/karen-stiles-30b18a16/ Visit their company’s website: https://ocn.org.au/ Resources mentioned in this episode: How bad can things go with buying strata property | Episode 68 https://www.theelephantintheroom.com.au/podcasts/068 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Unlike several other Australian states, Queensland allows vendors and their agents to maintain a significant level of confidentiality by imposing minimal property disclosure requirements. Moreover, it stands as the sole place where buyers can readily forego their cooling-off rights, a fact that frequently takes investors from southern states by surprise, emphasising the need for expert guidance. But the surprises don't stop there! Queensland holds the distinction of being the most lenient state for acquiring a class 1 real estate license, enabling even those with little experience to establish themselves as buyers' agents. And this is just a small part of the narrative that paints a picture of Queensland's real estate market as the wild west of property investment. So, what exactly is happening in this tropical paradise? In this episode, we shine the spotlight on Queensland — also known as the Sunshine state, and its distinctive landscape, which may astonish you. We are joined by a special guest, Antonia Mercorella, the CEO of the Real Estate Institute of Queensland, to delve into the intricacies and peculiarities that set Queensland's real estate market apart from the rest of the country. Tune in to gain valuable insights and understand the intricacies of Queensland's real estate landscape! Episode Highlights: 00:00 - Introduction 01:35 - Who is Antonia Mercorella? 04:29 - Property disclosure laws in Queensland, Australia 09:57 - Are real estate professionals in Queensland prepared for legislative changes? 13:02 - The quirks of Queensland’s real estate pricing rules 14:53 - What's the logic behind Queensland's approach to real estate investments 19:47 - How Antonia handles representing an industry with a poor reputation 27:13 - What's the REIQ's position on aligning licensing standards? 34:10 - Real estate agent education and licensing requirements 37:25 - Elevating education and training for Queensland's real estate practitioners 45:54 - Strata living and management rights in Queensland 50:36 - Can strata management change to better serve property owners? 54:05 - Antonia Mercorella’s property dumbo About Our Guest: Antonia Mercorella is the powerhouse CEO of Real Estate Institute of Queensland (“REIQ”). She is a lawyer by profession and for the last 2 decades, she’s headed up legal counsel for the industry’s peak bodies in South Australia and later in Queensland, where she’s also served as CEO for the last nine years. As the REIQ’s first female CEO, and its youngest at appointment date, Antonia has transformed the 105-year-old Institute into one of most progressive and high-profile industry associations in Australia. Antonia has led and shaped some of the most significant real estate legislative reforms across multiple jurisdictions. Her ability to lead and develop advocacy programs has drawn national and international attention. Antonia holds a Bachelor of Laws with Honours and a Bachelor of Educational Theatre. Connect with Antonia Mercorella: Follow Antonia on LinkedIn: https://www.linkedin.com/in/antonia-mercorella-8b516a43 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

"How can you protect your real estate assets in this ever-changing market?" Property investment can be quite a rollercoaster ride, and CoreLogic's quarterly Pain & Gain Report serves as a stark reminder of that fact. In each report, we witness a substantial segment of Australian property vendors navigating the volatile waters of real estate, sometimes ending up with losses. Our mission today is to uncover what makes certain property investments riskier than others and to pinpoint the riskiest locations for real estate ventures with the help of the author of the Pain & Gain Report herself — Eliza Owen. Join us as we take a closer look at the factors that make certain property investments riskier than others and identify the types of properties that pose the highest risk. Together, let's analyse these statistics and decode the trends so you can chart your course towards successful property investments. Tune in! Episode Highlights: 00:00 - Introduction 01:14 - Who is Eliza Owen? 01:48 - Discussing the new section about short-term sales & the impact of high interest rates 08:03 - Clarifying the methodology behind analysing loss-making property sales 13:33 - Real estate market trends and losses in Australia 18:44 - Housing market trends and loss-making sales in Australia 21:22 - Spotting the winners and losers in real estate investments 28:19 - Property market performance in Australia 35:50 - Real estate market trends and forecasts 41:31 - Intergenerational wealth transfer in the Australian property market 46:31 - Housing market challenges and potential solutions 52:26 - What's wrong with the property system, and what's changing? 55:49 - A few short-term solutions to the housing crisis 56:36 - Housing affordability and government policies 58:43 - Eliza Owen’s property dumbo About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/ Visit their website: https://www.corelogic.com.au/ Resources: Download CoreLogic’s most recent Pain & Gain Report https://www.corelogic.com.au/news-research/reports/pain-gain Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

The world of property dealings is a complex tapestry, and the rules governing them vary significantly from one state to another with the level of vendor disclosure varying widely. But what sets Queensland apart is its strikingly minimal requirement for sellers to disclose information to buyers. It's kind of surprising how little information has to be shared. But here's where things can get really tricky. Another aspect of property law that often takes property owners by surprise is the compulsory acquisition of their property by the government. It's not something you hear about every day, but it definitely happens. With us today is Jeremy Streten — the founder and CEO of Northern Property and Resumption Lawyers whose expertise is in property transactions and assisting property owners during compulsory acquisitions. Tune in and discover how you can best know your rights in a government's property acquisition. Episode Highlights: 00:00 - Introduction 02:03 - Snapshot of the current situation in Queensland’s property market 03:23 - Vendor disclosure in Queensland 07:04 - The recent changes in Queensland’s property laws 10:56 - How has the Queensland real estate market changed in recent years? 15:14 - Will there be new provisions in the contract of sale that will actually protect consumers? 18:31 - Outlining the key steps for buyers searching for property in Brisbane or Queensland 24:53 - Property documentation and buyer knowledge in Australia 26:58 - What rights does the government have when acquiring land for public use? 32:36 - Is there financial compensation for property devaluation due to government projects? 35:57 - Why some property owners prefer not to be the last ones standing in an acquisition 41:24 - What to do when your house faces compulsory acquisition 43:48 - How to get an edge over others in terms of added assistance 45:24 - Do property owners have leverage in compulsory acquisition negotiations? 46:51 - Strategies to avoid or mitigate compulsory acquisition in the purchasing phase 50:48 - Jeremy Streten’s property dumbo About Our Guest: Jeremy Streten is the founder and CEO of Northern Property and Resumption Lawyers (NPR Law). NPR Law focuses on helping property owners buy, sell and lease property as well as helping property owners when their property is being resumed. Jeremy has appeared on various television shows, podcasts and radio interviews. He also provides regular content for websites across Australia. Connect with Jeremy Streten: Visit their website: https://nprlaw.com.au/ Follow Jeremy on Facebook: https://www.facebook.com/nprlaw.au Follow Jeremy on Twitter: https://www.twitter.com/jeremystreten Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

When it comes to investing in property, one question tops the list: Where should you put your money? It's a query that has spurred an entire industry, one ready to provide answers in exchange for your investment. But amidst the vast sea of predictions and expert advice, how can you truly trust their methodology? How many of these experts have endured the test of time, and how many are willing to be held accountable for their past forecasts? In this episode, we travel back in time and revisit property predictions made 15 years ago. This retrospective analysis will scrutinise which ones hit the mark and what veered off course in the original research. Join us as we unravel the fascinating dynamics of the property market, exploring how our understanding has evolved over the years, all against the backdrop of a rapidly changing real estate landscape. With us today is the Property Professor himself, Peter Koulizos, and he's willing to be held to account. Walk with us through the maze of property investment insights, uncovering valuable lessons from both successes and missteps of the past. Don't miss this opportunity to gain a deeper understanding of the dynamics of property investment and how they can work in your favour. Episode Highlights: 00:00 - Introduction 01:12 - Who is Peter Koulizos? 05:23 - Work-from-home trends and their impact on real estate 10:26 - Peter’s analysis of the locations he chose for his research 13:37 - Real estate investing in Perth 23:16 - Real estate investing and market distortion 31:34 - Property market trends and investment strategies 37:08 - Property market trends in Sydney and Melbourne 42:36 - Property investment strategies and local knowledge. 48:52 - Property investment growth and sustainability 53:06 - Australian housing market trends and supply 59:05 - Housing market trends and renovation vs. moving decisions 1:02:42 - Property investment strategies and valuation 1:03:32 - Peter Koulizos’ property dumbo About Our Guest: Peter “The Property Professor” Koulizos has recently retired from the position of Program Director of the Master of Property at Adelaide University but continues to teach in the program. He has been teaching in real estate and investment for over 25 years. Peter also personally invests/develops property and currently holds several properties. Peter researches property markets around the nation, looking for the best suburbs to invest in each capital city. He has published three books; “The Property Professor’s Top Australian Suburbs” and “Property vs Shares” and most recently “The Diary of a Small Developer”, with Margaret Lomas. Connect with Peter Koulizos: Follow Peter on LinkedIn: https://www.linkedin.com/in/peter-koulizos-37933522/ Visit The Property Professor’s website: https://thepropertyprofessor.net.au/ Join Peter’s Facebook Group (The Property Professor): https://www.facebook.com/groups/186153897464/ Visit Peter Koulizos Property Investing: https://www.peterkoulizospc.com.au/ Resources mentioned in the episode: Visit the PIPA website: https://www.pipa.asn.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

After decades of neglect and dwindling investments in public housing, it appears that governments worldwide are finally recognising the urgent need to bolster social housing and incorporate low-cost accommodations in new developments. But what transformations are occurring in this critical space, and can we truly say that governments have already learned from past mistakes in the face of the ongoing rental crisis? Furthermore, what's the timeline for these policy changes to make a real impact? In today's episode, we jump right into the heart of the affordable housing crisis and the resurgence of social housing initiatives. Our guest, Michele Adair — CEO at the Housing Trust, an organisation dedicated to constructing and managing affordable rental housing for individuals with very low to moderate incomes. With an extensive portfolio of over 1,200 homes and ambitious plans for another 200, Michele offers invaluable insights into the world of affordable housing. As we dissect the evolving landscape of social housing and government commitments, we inquire about Michele's sentiments regarding the current climate. Does she see genuine reason for optimism amid the housing crisis? Tune in to explore the pressing issue of housing inequality and discover how individuals like Michele Adair are forging change, and propelling us toward a future where housing is not a luxury but a fundamental right. Episode Highlights: 00:00 - Introduction 01:04 - Who is Michele Adair? 01:41 - Is the current changing landscape of social housing supposed to fill us with hope? 07:53 - Michele's update on Tasmania's rental market and short-term accommodations 12:11 - The impact of short-term rental platforms on the long-term rental market 17:49 - Discussing government initiatives, including the Housing Australia Future Fund 20:58 - Evaluation of the ambitious target to build 1.2 million homes over five years 23:47 - Increasing low-income housing in redevelopment: Is it a real change? 27:41 - Michele discusses innovative solutions for housing and taxation 30:45 - Vacant properties in Australia and potential solutions 33:45 - What affordable housing solutions are currently open in Australia? 40:19 - The importance of density and creative solutions 45:49 - Michele Adair’s property dumbo About Our Guest: Michele Adair is the CEO of Housing Trust in Wollongong, a company dedicated to building and managing affordable rental housing. With a portfolio of 1,200 homes and plans for 200 more, the company is valued at over $250 million. Michele also serves as the inaugural Chair of Homes Tasmania, tasked with creating 10,000 social and affordable homes in 10 years. Her extensive career includes leadership roles in various organisations, such as the Community Housing Industry Association of NSW and Cystic Fibrosis NSW. Beyond her professional accomplishments, Michele is a mother, grandmother, and avid golfer, known for her effective advocacy and contributions to policy reforms in affordable housing, health, and gender equity. She's been recognised with awards such as the Illawarra's Outstanding Business Leader of the Year in 2021 and the UDIA National Women in Leadership Award for Excellence in 2023. Connect with Michele Adair: Follow Michele on LinkedIn: https://www.linkedin.com/in/michele-adair/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Spring is traditionally a time of renewal and growth, and this year, the property market is no exception. Today, we dive deep into the heart of the property market, with our focus squarely set on the unfolding drama of Spring 2023. We explore the burning questions that homeowners, investors, and renters across the nation are eager to have answered. "What’s in Store for the Property Market in Spring 2023?" In this episode, we're joined by a true expert in the field, Corelogic's Head of Australian Research, Eliza Owen who is not only the author of the acclaimed "Pain & Gain Report," but is also a master at deciphering the enigmatic language of property data. Our conversation begins with the ever-pressing question: Will Spring 2023 bring forth a surge in new property listings, and if so, what will it mean for the delicate balance between supply and demand? Will this finally be the turning point where prices stabilise or even dip? We examine the data, unpacking the potential consequences for buyers, sellers, and the broader market. And, of course, we can't forget the rental market, where whispers of a slowdown in rental price growth have left many puzzled. Despite a lack of new supply, why are rental prices not following the usual upward trajectory? Eliza Owen will provide her insights into this intriguing phenomenon. Join us for a riveting conversation as we unveil the trends, forecasts, and data-driven insights that will shape the property market's course throughout Spring 2023. Episode Highlights: 00:00 - Introduction 01:40 - What’s the current state of the property market? 03:27 - Future outlook of the spring property market in terms of new property listings 06:16 - Factors contributing to the resilience of the property market despite challenges 08:58 - Complexities surrounding abnormal winter property listings 12:37 - Has there been a shift from the 2021 trend of regions outperforming cities? 17:29 - Factors driving a significant increase in purchasing activity in Perth 23:08 - How are interest rates and property prices holding up? 26:58 - The impact of the fixed rate cliff on the mortgage market 29:36 - Veronica’s theory on why investors sell pre-emptively 34:46 - How might the RBA respond to changing inflation? 36:22 - Do interest rates impact rents? 39:43 - Is it possible for all areas to eventually revert to the same mean property value? 44:39 - Key trends to watch for in the real estate market in the coming months 49:43 - How will increased public housing and build-to-rent sectors affect real estate investors? 52:32 - Eliza Owen’s property dumbo About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/ Visit their website: https://www.corelogic.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

The allure of data in property investment is undeniable, but it's not a one-size-fits-all solution. As we delve into this episode, we'll explore the critical issue of conflicting data points. We often assume data is an infallible foundation for decision-making, but it's how we interpret and contextualise that data that truly matters. What happens when the same dataset tells multiple, even contradictory stories? How do you know which information to trust when making one of the most significant financial decisions of your life? In this episode, we are joined by Jeremy Sheppard, a property data specialist with a passion for uncovering the secrets of great capital growth locations. Back in 2010, Jeremy created the Demand to Supply Ratio (DSR), a groundbreaking predictor of capital growth that has since become a cornerstone for many investors. But Jeremy's journey isn't just about success; it's about the lessons learned through experience. As he puts it, "I think I've made all the mistakes I can for now. From here, it's all about helping other investors avoid the mistakes I made." Join us today as we tackle a topic that's on the minds of every savvy investor: capital growth. What's the secret to achieving it, how should it be measured, and over what time frame? We answer the most common questions that have perplexed investors for years, and it's time to demystify them. So tune in now and equip yourself with the knowledge you need to make confident, lucrative property investment decisions. Episode Highlights: 00:00 - Introduction 01:12 - Who is Jeremy Sheppard? 02:11 - Common mistakes Jeremy experienced and thinks property investors should avoid 04:28 - What are the key takeaways for successful property investment structuring? 08:10 - How Jeremy got into the property data space 12:45 - Understanding the fundamentals of the property market 16:32 - What is the minimum return needed for a short-term investment to be a good bet? 20:17 - How DSR helps in determining when and where to buy and sell a property 26:25 - Metrics and factors to consider when assessing the desirability and potential of a suburb 33:08 - What is the ripple effect of population growth on suburbs? 36:47 - Is it right to use income growth alone as a predictor of property price growth? 38:32 - What are the limitations of using census data for property price growth predictions? 43:06 - Is there a direct correlation between income growth and capital growth in real estate? 46:38 - Potential shortcomings of analysing property market data over a single timeframe 50:44 - Can increased investor activity be a predictive metric for property markets? 54:36 - Is there a middle ground between active and passive property investment? 57:54 - The importance of timing and the factors that influence property purchases About Our Guest: Jeremy Sheppard is a seasoned property investor and data expert who began his real estate journey in 2002, accumulating 15 properties over six years and learning from his experiences. His passion lies in leveraging property data to identify capital growth opportunities, culminating in the creation of the Demand to Supply Ratio (DSR) in 2010 and the launch of dsrdata.com.au in 2015. Jeremy has shared his expertise through 50+ articles for publications like Your Investment Property magazine and appearances on popular property podcasts, as well as on television programs like Sunrise. His extensive knowledge of property data and capital growth makes him a trusted authority in the field, driven by a mission to help fellow investors succeed. Connect with Jeremy Sheppard: Visit Jeremy’s website: https://dsrdata.com.au/ Follow Jeremy on LinkedIn: https://www.linkedin.com/in/jeremy-sheppard-463344b8/ Resources mentioned in this episode: How to Lie with Statistics by Darrell Huff https://www.amazon.com.au/How-Lie-Statistics-Darrell-Huff/dp/0393310728 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Have you ever wondered what it truly requires to become a property forecaster? The surface might suggest economics degrees and positions in prestigious financial institutions, but the accuracy of their predictions often seem to miss the mark by a mile. So, what gives? Are there hidden puzzle pieces they're not seeing or just ignoring? In a world where economic indicators and banking reports often fall short in painting an accurate property market portrait, let's venture beyond the surface-level analysis. Are there hidden variables that escape mainstream attention? Could it be that forecasters are sidelining crucial factors in their projections? Our guest today is none other than Louis Christopher, a distinguished figure in the realm of property research. With the inception of SQM Research in 2006 and his pivotal role at the Australian Property Monitors before that, Louis has carved out a reputation for his astute market outlooks and precise predictions. Buckle up as we challenge the conventional wisdom of property forecasting and probe into the core drivers of real estate valuation. Let's break things down, and get a whole new perspective on what really makes property prices tick – or tank. Episode Highlights: 00:00 - Introduction 01:13 - Our guest for today… 03:38 - Why aren’t banks getting the forecasts accurate? 07:45 - The rental stress and the housing crisis 13:57 - How property listings are affecting property forecasts? 16:53 - Economists when predicting housing trends 20:21 - What most property data experts miss out on 24:16 - What happened to property prices back in 1990 26:43 - Base case forecasts in November 2022 28:34 - How Louis puts together his forecasts 32:47 - How low inflation could impact property prices in 2024 35:10 - What leading indicators influence the housing market? 38:25 - Consumer confidence and the housing market 42:20 - Consumer confidence and consumer spending 47:28 - Resilience in the market 49:04 - The impact of the interest rate cliff on the housing market 52:13 - Should APRA step in and restrict borrowing capacity? 57:16 - Impact of stamp duty on property prices 58:48 - Louis Christopher’s property dumbo About Our Guest: Louis Christopher established SQM Research in 2006. He was Head of Research and General Manager of the property statistics agency, Australian Property Monitors (APM) for six years. During his time at APM, Louis constructed key residential property market indexes published by the Reserve Bank of Australia. Prior to APM Louis spent three years at the Securities Institute of Australia as a Technical Editor. Louis previously spent 18 months at MLC working in the investment services. He is widely respected for the quality and accuracy of his market outlooks, ratings philosophy and forecasts for the Australian residential property market. Connect with Louis Christopher: Connect with Louis on LinkedIn: https://www.linkedin.com/in/louischristopher/ Visit SQM’s website: https://sqmresearch.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In our latest Suburb Trends Report for September 2023, let's explore the upcoming property landscape as we unveil the regions in Australia that are set to experience a significant decrease in listings this spring. As property enthusiasts, investors, and everyday individuals interested in the housing market, it's essential to stay informed about the trends that influence our investment decisions. Today, we're here to provide you with a clear, data-driven analysis of what to expect in terms of property listings across the country. We're turning our attention to the numbers and patterns that paint the listings landscape with Kent Lardner, our resident data geek from Suburb Trends. While there has been an overall rise in listings, it's important to note that this trend isn't universal. Our aim is to uncover the regions within Australia where listings are projected to decrease during the upcoming spring season, and to offer insights into the reasons behind this projection. By examining various factors including demographics, market demand, and economic indicators, Kent has identified the markets that are likely to experience a decrease in listings. Join us as we navigate through the nuanced landscape of real estate listings, providing you with valuable information to guide your investment choices throughout the spring season and beyond. Episode Highlights: 00:00 - Introduction 01:06 - How Kent tackled the challenge of identifying the tightest markets across Australia 03:25 - Contradicting media reports and actual data about real estate listings and market trends 09:12 - Property listings in Tullamarine and Broadmeadow 12:16 - Factors that contribute to the falling of listings 16:21 - How long will the underbuilding continue and what is the solution? 18:12 - The biggest constraint in the domain of property development 21:41 - Will dropping prices ever help renters become homeowners? 23:17 - A potential short-term solution to the housing shortage 26:55 - Analysing forecasted price drops and property listings in various Australian suburbs 36:42 - The influence of buyer's agents, investors, and market dynamics on property prices 40:24 - The real takeaway in this Suburb Trends report 45:49 - Kent talks briefly about how he uses AI for real estate the proper way About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: Suburbtrends https://suburbtrends.com/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

We all dream of financial success, and for many, property investment is a path that promises long-term prosperity. It's easy to get swept up in the allure of strategies that promise quick returns, but how do we know if these tactics are built on substance or mere hype? How do we tell the difference between solid investment choices and empty promises? In this episode, we explore the intriguing realm of exclusive access and so-called "secret recipes." There's always someone offering a shortcut to prosperity, but what's the evidence behind their claims? We also dive into the stories of these "sub advisors" who confidently tout untested methods. What drives their confidence, and how do they build businesses without solid foundations? Joining us today is Stuart Wemyss, a respected financial planner and author with a keen focus on both finance and property. Stuart is a trusted voice in the realm of finance, known for his down-to-earth explanations of complex concepts. What sets him apart is his commitment to evidence-based approaches. Instead of pushing quick fixes, Stuart values a well-informed perspective that's free from hidden agendas. By the end of this episode, you'll be better prepared to navigate the complex world of property investment with a discerning eye. Tune in now to join the conversation and gain insights that could reshape your investment approach. Episode Highlights: 00:00 - Introduction 01:21 - Who is Stuart Wemyss? 03:08 - Has Stuart’s philosophy and fundamental beliefs changed? 04:48 - Is the mortgage brokers industry undergoing a transformation? 10:53 - What factors contribute to the "all or nothing" mentality in property investment? 13:09 - The complexities of property investment compared to shares 20:28 - The misconceptions associated with timing the property market 24:58 - The volatility of the property market 26:03 - What are the common mistakes in asset selection that property investors make? 30:17 - Why is considering long-term consistency important in evaluating property investments? 34:49 - Alternative property investment strategies for individuals with limited budgets 37:45 - Alternatives to property investment recommended for building retirement wealth 39:46 - Stuart’s thoughts on investing in the share market while saving for property deposit 43:31 - The pros and cons of buying property within a superannuation fund 50:01 - Factors to consider when deciding between a home upgrade and property investment 54:55 - Stuart Wemyss’ property dumbo About Our Guest: Stuart Wemyss is a qualified chartered accountant, independent financial adviser and mortgage broker with over 20 years' experience. His business, ProSolution Private Clients, has helped hundreds of people invest successfully. Stuart is licensed to provide financial, credit and tax advice, which means he's able to give holistic advice.Stuart has always believed in the need for people to be able to access trustworthy, independent financial advice. Nothing upsets him more than to hear about selfish advisers ripping off their unsuspecting clients! This passion is what drives him daily to write books and blogs, publish podcasts, appear in the media, advise his clients, mentor his staff and give presentations &– whatever it takes to help more people access a source of unbiased information and advice. Connect with Stuart Wemyss: Follow Stuart on LinkedIn: https://www.linkedin.com/in/stuartwemyss/ Check out Stuart’s book: https://www.prosolution.com.au/buy-investopoly/ Visit Stuart’s website: https://www.prosolution.com.au/ Listen to Stuart’s podcast: https://podcasts.apple.com/ph/podcast/investopoly/id1348458167 Resources mentioned in this episode: Episode 39: Where Can You Get Excellent Financial & Property Advice? https://theelephantintheroom.com.au/podcasts/039 Episode 126: Lending Rules & Predicting the Property Market https://theelephantintheroom.com.au/podcasts/126 Episode 162: Houses vs Apartments https://theelephantintheroom.com.au/podcasts/162 Episode 225: Getting Started With Commercial Real Estate Investing https://www.theelephantintheroom.com.au/podcasts/225 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/

In an age where artificial intelligence is making waves across many industries, the buzz is louder than ever, sparking discussions on its incredible potential and potential pitfalls. But, as we dive deeper, a new question arises: how will the rapid AI advancements reshape our understanding and interaction with complex markets, like real estate? Today, we sit down with Luke Metcalfe — founder of Microburbs, and listen as he unpacks the transformative potential AI holds for the property market. He delves into the exciting prospects AI offers, where instant insights could reshape the way we evaluate property, saving time and resources. As we explore the changing dynamics, Luke emphasises the evolving roles of various experts in this realm. While AI might provide quick answers, it takes a seasoned data scientist to formulate the right questions in the first place. With AI's assistance, a new paradigm is emerging, empowering investors, real estate professionals, and even potential homeowners with deeper insights into property markets. But will AI really pave the way for a more efficient and informed decision-making process in real estate, or should we remain cautious about its impact on the accuracy of investment choices? Episode Highlights: 00:00 - Introduction 01:12 - Who is Luke Metcalfe? 03:30 - How does data utilisation enhance real estate investment strategies? 10:46 - What factors beyond metrics are now considered for successful investments? 14:50 - Is AI's predictive power the future of tailored property suggestions? 19:45 - The role of a subject matter expert in balancing data-driven property insights 23:15 - Is there a correlation between happiness and a property’s price? 28:35 - Is there a link between incomes and growth? 32:57 - Do demographic shifts in suburb residents affect real estate dynamics? 36:49 - The problem with short-termism in the property space 40:28 - Can data overlays really envision urban development in response to growth? 43:56 - Using the data to model the market 47:26 - The future of real estate from the lens of a data scientist 52:10 - Luke Metcalfe’s property dumbo About Our Guest: Luke Metcalfe is a distinguished name in the realm of data science and entrepreneurship. With over 25 years of experience under his belt, Luke has honed his skills to become a true luminary in his field. As the founder of Microburbs, he has pioneered a unique approach to data analysis that focuses on identifying the core drivers of business outcomes. Luke's expertise lies in swiftly navigating complex datasets, both within organizations and beyond. He's not merely a statistician – he's a polymath data expert who seamlessly combines rapid coding, insights from public data sources, statistical knowledge, marketing insights, and an entrepreneurial mindset. Connect with Luke Metcalfe: Follow Luke on LinkedIn: https://www.linkedin.com/in/luke-metcalfe-data-scientist/ Visit Luke’s website: https://www.microburbs.com.au/ Resources mentioned in this episode: Episode 16 | The truth about what really makes property prices go up or down https://www.theelephantintheroom.com.au/podcasts/016 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Today, we're putting the spotlight on real estate investments and addressing some of the most pressing questions from our curious audience. First up, we'll be exploring alternative methods to measure the success of an investment property. Traditional metrics like capital growth rates and yield are important, but we dive deeper into unconventional indicators that could reveal hidden gems or red flags in a property's potential. Next, we know how critical cash flow is for any investor. So, we unveil some ingenious strategies to improve your property's cash flow. From leveraging technology to implementing smart budgeting techniques, we've got you covered with practical tips to boost your income and ensure a steady stream of revenue. Another hot topic we'll be tackling is underquoting, a concerning issue in the real estate industry. We discuss potential solutions to protect both buyers and sellers from unfair practices, shedding light on regulations and ethical considerations that can lead to a healthier market for everyone involved. Join us for an enriching episode as we navigate through the complexities of investment properties. From novel ways to measure success, to optimising cash flow, and addressing critical market issues, this episode is packed with insights that will definitely elevate your property investment game. Episode Highlights: 00:00 - Introduction 00:56 - How to measure the value of an investment property when considering a purchase? 15:17 - Are high yield investments more resilient during economic downturns? 25:47 - Thoughts on the proposed solution to address underquoting in the real estate market 35:53 - Property dumbo from one of our listeners Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

As the real estate market continues to evolve, prospective investors are facing new challenges that demand attention and strategic planning. And resident data geek, Kent Lardner is back to provide valuable insights into the factors contributing to the rising unaffordability and explore potential solutions to mitigate its impact. In this insightful June 2023 Suburb Trends report, we delve deep into the essential information that property investors must be aware of when considering investment opportunities across the country. Throughout this episode, we discuss the impact of fluctuating housing prices, inflation rates, and other economic indicators on property affordability. We also talk about the pivotal role that government policies and regulations play when it comes to shaping the investment landscape, and how investors can adapt their strategies to navigate these changes. Join us as we bring you the most up-to-date data, expert advice, and actionable insights to help you make informed property investment decisions. Tune in and arm yourself with the knowledge you need to navigate the complexities of the current investment landscape and achieve your financial goals. Episode Highlights: 00:00 - Introduction 01:21 - What economic metrics tells us about the effects of AI on jobs and housing 03:41 - What are the specific areas where property is becoming too expensive to rent or buy? 08:22 - Why it’s hard to measure income growth in a suburb 11:02 - Early signs of a rental crisis in the country 14:07 - The potential risks of AI on jobs and housing affordability 19:57 - What factors are currently affecting housing supply and demand? 24:11 - Which housing markets will be most affected by AI's impact on jobs? 31:57 - What’s happening in the property market in Sydney? 34:56 - Assessing affordability risks in different suburbs 40:12 - The impacts of a falling market on the rental market 45:29 - Discussing two different approaches when entering the property market 48:39 - The impact of AI on the real estate market About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: Suburbtrends https://suburbtrends.com/ Resources mentioned in the episode: Stepping Stone Strategy Tutorial Workshop: https://homebuyeracademy.com.au/ssw Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

How can we strike a balance between accommodating a growing population in our cities and maintaining a high standard of livability? What are the key factors that need to change in our urban planning strategies to ensure cities remain livable as the demand for housing increases? Join us as we delve into the pressing challenges of urban living and explore the concept of YIMBY-ism (Yes In My Backyard) as a solution. Our guest, Eamon Waterford, CEO of the Committee for Sydney, joins us to share his expertise and insights into the future of cities through a Sydney lens. Eamon's journey began by working closely with individuals facing long-term homelessness in Penrith and Blacktown. Through this firsthand experience, he gained a deep understanding of the challenges they face and the urgent need for innovative solutions. Today's episode explores the pressing issue of housing shortages and increasing homelessness that plague cities not only in Australia but all around the world. With a chronic shortage of dwellings, we must reimagine our cities to ensure that everyone has access to safe, affordable housing. We discuss the role of YIMBY-ism, a movement that advocates for the creation of new housing and urban development in existing neighbourhoods. We also touch upon the parallels between the urgency of the housing crisis and the looming climate crisis. As we grapple with these immense challenges, we explore strategies for garnering broader public support and mobilising action. Join us as we navigate the complexities of urban living, envision a future where cities are livable for all, and learn how YIMBY-ism can play a pivotal role in shaping our urban landscapes. Episode Highlights: 00:00 - Introduction 01:18 - Who is Eamon Waterford? 02:54 - What is the committee of Sydney and their role in the community? 05:47 - Achieving equitable urban development: Avoiding zero-sum outcomes 10:20 - What’s the current status of attraction for talent in Australia? 12:51 - The issue about losing reputation and its importance in attracting talent 14:53 - How to address the housing crisis in Sydney 17:29 - Solutions for turning from NIMBY-ism to YIMBY-ism 27:37 - Exploring the impact of zoning changes on housing stock and city development 32:25 - Eamon’s thoughts on the work from home movement 36:49 - What other critical issues should Sydney prioritise alongside housing? 41:21 - Finding solutions that balance the distribution of buildings and living areas 44:25 - What will it take to get positive action from the government to solve the housing crisis? 48:36 - Can the government ALONE solve the housing crisis? 53:19 - Eamon Waterford’s property dumbo About Our Guest: Eamon Waterford is currently the CEO of the Committee for Sydney, leading a career focused on addressing social and urban issues. He has worked closely with the homeless community, conducted the first Homelessness Street Count, and held positions as Chief Strategy Officer and Deputy CEO at various organisations. Eamon has delivered influential reports on urban density, benchmarking, and safety. He also actively engages in Sydney's cultural and social landscape, serving on boards of organisations like Monkey Baa Theatre Company and the NSW Council of Social Services. Connect with Eamon Waterford: Follow Eamon on LinkedIn: https://www.linkedin.com/in/eamon-waterford/ Visit their website: https://sydney.org.au/about/eamon-waterford/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Is the notion of needing a buyer's agent a myth in the world of property investment? Can self-education and a DIY approach truly replace the need for them in the competitive world of real estate? What if the secret to property success lies in empowering oneself rather than relying on external professionals? Join us as we challenge the established norms and dive into a thought-provoking episode with PK Gupta, a renowned expert who firmly believes that anyone can excel in real estate without the help of a buyer's agent. However, PK's controversial stance raises eyebrows and sparks curiosity as he unveils what he claims to be the secret to property success. With PK's background in financial markets and being the creator of a popular YouTube channel and property investment course, he challenges the conventional belief that buyers agents are essential. In this episode, we also delve into the analysis of some case studies to uncover the strategies, decision-making processes, and outcomes that have contributed to PK's success. Whether you're an experienced investor seeking fresh perspectives or a novice contemplating your first steps into real estate, this episode promises to ignite conversations, provoke contemplation, and potentially reshape your approach to property success. Tune in for a conversation where we unravel the mysteries of property investment success and explore whether PK Gupta's bold belief that anyone can thrive in real estate without a buyer's agent holds the key to unlocking your full potential in the world of property investment. Episode Highlights: 00:00 - Welcome 04:47 - PK’s opinion on the role of buyer’s agents in the real estate industry 06:00 - The three C’s that a good buyer’s agent needs to possess 09:07 - Is there value in the relationship between a buyer's agent and a buyer? 13:48 - Are buyer's agents overhyped in Australian real estate? 17:27 - Can anyone just buy property anywhere in Australia from home? 23:05 - Is holding properties the key to unlocking long-term success in real estate? 27:44 - Should property investors prioritise quantity or quality? 36:37 - The best way to measure income growth in the property market 40:46 - What’s the problem with the current market in Brisbane? 42:37 - The misconceptions and biases surrounding property investment decisions 46:19 - Should investors rely solely on property managers for due diligence? 53:14 - Why property managers are dangerous to deal with 57:44 - The difference between property managers and buyer’s agents 1:02:16 - The importance of education in real estate investing 1:05:16 - Why you need to be careful where you choose to invest in 1:13:29 - Is it essential to look at the whole market when choosing property About Our Guest: PK Gupta, a former Investment Banker at JPMorgan specialising in stock research and trading, discovered a gap in the property investing industry. Unsatisfied with traditional seminars and generic strategies, PK aimed to uncover the true drivers of capital growth and high cash flow in Australian real estate. Over the past 5+ years, he has shared his expertise, assisting numerous individuals on their passive income journey. Motivated by the desire for independence and flexibility, PK and his partner (now wife) chose to pursue property investing, aiming to break free from the 9-5 grind and create a life of freedom and fulfillment. Connect with PK Gupta: Follow PK on LinkedIn: https://www.linkedin.com/in/pk-gupta-property Follow PK on Facebook: https://www.facebook.com/PropertyHonestly/ Visit PK’s website: https://consultingbypk.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected] Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: [email protected] Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In the face of soaring property prices and an ongoing housing crisis, the conversation around property affordability has expanded beyond first home buyers and now encompasses the rental sphere. Despite interest rates on the rise, property prices continue to climb, leaving many wondering how long this upward trend will persist. The root of the issue lies in the scarcity of supply, with listings at an all-time low and little indication of improvement. While supply on the rental side poses an even greater challenge, requiring years of rectification and substantial investment, the consequences for dual income families struggling to secure housing are dire. It seems that the housing crises have outgrown the capacity of governments to handle alone. Is Australia's property market, which has been deemed "too big to fail," possibly too big to fix? In this thought-provoking episode, we delve into a discussion with Evan Thornley, CEO of LongView, and Jane-Frances Kelly, Head of Strategy & Insights at Longview, who have dedicated considerable time, energy, and resources to understanding the underlying causes of Australia's housing woes. Longview, in collaboration with Pexa, recently released a series of three housing affordability Whitepapers, with the third installment offering potential solutions to the identified housing crises. Tune in as we explore the innovative thinking and fresh perspectives brought forth by Evan Thornley and Jane-Frances Kelly as they shed light on the complexities of Australia's property market and the urgent need for collaborative efforts among all stakeholders, including governments, community housing providers, and the private sector. Join us as we uncover the proposed solutions that could help alleviate the housing challenges faced by individuals and families across the nation. Can a breakthrough be found amidst this housing turmoil? Discover the insights, ideas, and potential solutions that could shape the future of Australia's property landscape. Episode Highlights: 00:00 - Welcome 08:34 - Rhetoric surrounds individual landlords, both pro and con. 13:45 - What are some solutions for the overall market? 20:36 - What lending-level changes would make this model more attractive? 26:04 - How does the $2.1 trillion invested in residential property unlock more investment? 30:00 - Why don't we have existing residential property funds like this? 36:43 - How do you identify properties with high land content and values? 41:18 - Medium rise is the cheapest housing form. 46:55 - What are your thoughts on the power of the labor market? 50:40 - Investors hinder first-time homebuyers' opportunities. 55:57 - What's happening in the home loan space? 1:02:14 - The importance of scalable, effective solutions. About Our Guest: Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape. As Head of Strategy and Insights at LongView, Jane-Frances Kelly leads the data and analytics function, transforming extensive historical property data into actionable insights for clients. With a background at the Boston Consulting Group and experience in public policy work for notable figures including Prime Minister Blair and indigenous leader Noel Pearson, Jane-Frances brings a wealth of expertise. She holds a first-class honours degree in English language and literature from Oxford University, an MBA from Wharton, and a Masters of Public Policy from Princeton University, showcasing her diverse academic accomplishments. Connect with Evan Thornley: Facebook: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL LinkedIn: https://www.linkedin.com/in/evanthornley Connect with Jane-Frances Kelly: Facebook: https://www.facebook.com/janefranceskelly?mibextid=ZbWKwL LinkedIn: https://www.linkedin.com/in/jane-frances-kelly-0192b187 Instagram: https://instagram.com/janefranceskelly?igshid=MzRlODBiNWFlZA== Twitter: https://twitter.com/janefrances?t=WUx-57iSHr4xs5uiRmGK3w&s=07 Resources mentioned in this episode: Whitepaper - Mobilising Private Capital for New Housing Solutions https://longview.com.au/whitepaper-3-mobilising-private-capital-for-new-housing-solutions Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questio