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

The real estate industry has witnessed remarkable changes in how we search for properties and gather information. However, the actual process of buying and selling has remained largely unchanged. Real estate agents continue to play a gatekeeping role, despite the advancements in digital platforms and portals. Unbeknownst to many, the relationship between sellers, agents, and buyers has been quietly evolving in the digital landscape. Join us today for an insightful episode as we delve into the future of real estate. Over the past few years, buyer preferences have undergone significant transformations while emerging technologies like artificial intelligence (AI) pose the potential for disruption. Our guest, John Foong — Chief Revenue Officer of Domain Group, brings unique insights from his experience at renowned companies like Google and Uber, making this discussion a must-listen. Tune in as we navigate through the complex landscape of real estate, guided by John Foong's unique insights and prepare for an engaging discussion on a topic that promises to reshape the way we buy and sell properties. Episode Highlights: 00:00 - Welcome 06:38 - John Foong aims to become a "local market expert." 08:27 - How is success engagement measured? 12:46 - What's the situation with agents in the US? 17:40 - Providing information beyond legal requirements. 23:27 - What factors strongly correlate with engagement? 25:58 - Google Maps and its impact on traffic. 31:00 - Changes in the Irish property market. 36:08 - What will happen to the housing market? 43:10 - How does immigration affect the market? 47:18 - The real estate shift on the Gold Coast. 51:57 - When to sell or keep a property? 53:12 - Why you need to apply macro numbers to individual decisions. About Our Guest: John Foong — a seasoned senior sales executive, brings 15 years of management experience to the table, having worked across multiple continents including the U.S., Europe, Australia, and Africa. Notably, he has achieved remarkable record revenue growth during his tenure at Google and Uber, where he played a key role in multiplying Google Cloud's channel revenue into the billions as a global lead. With a proven track record, John has successfully led large teams globally and in Australia, overseeing 300+ people at Google and 600+ at Domain, encompassing both sales and technical roles. As a trusted advisor, caring manager, and holder of a Stanford MBA, John combines strategic thinking with operational expertise. His academic achievements include being a University of New South Wales Co-Op Scholar, Stanford Arjay Millar Scholar, and a distinguished alumnus of McKinsey Sydney, further highlighting his outstanding credentials. Connect with John Fong: LinkedIn: https://www.linkedin.com/in/johnfoong Instagram: https://instagram.com/johnfoong?igshid=MzRlODBiNWFlZA== Twitter: https://twitter.com/johnfoong?t=hDFeq1KobpI1RhLayjntlg&s=07 Resources mentioned in this episode: A Masterclass: When is the Right Time to Sell an Investment Property? https://buyersagentmentor.net.au/sellinvest 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 of The Elephant in The Room Property Podcast, we dive into an array of intriguing and thought-provoking listener questions that touch upon a variety of topics. Join us as we navigate through the realms of real estate, finance, and unconventional investments to provide insightful answers and expert advice. Among the array of topics we'll be discussing today are the considerations involved when one has the financial means to upgrade their home but doesn't necessarily need to, then we delve into the topic of finding the right buyer's agent in your desired area. Shifting gears, we also shed light on the various fee models employed by buyers agents. And while we're on the topic of finances, we continue to address the timely topic of how banks are responding to their existing customers once their fixed mortgage rates expire. Then, we take an unexpected turn as we delve into a fascinating and lesser-known realm of real estate investments—cemeteries. Yes, you heard us right! Join us for an episode filled with enlightening answers to our listeners' burning questions. Whether you're a homeowner, aspiring buyer, or simply intrigued by unconventional investments, this episode of The Elephant in The Room Property Podcast is sure to broaden your understanding and provide valuable insights into various aspects of real estate, finance, and the world of unusual investments. Episode Highlights: 00:00 - Introduction 01:08 - Is a home upgrade worth considering even if unnecessary? 08:45 - How to find the right local buyers’ agent in an area that doesn’t have any? 16:50 - Understanding the different fees among buyer’s agents 25:30 - What to look for and what NOT to look for when choosing a buyer’s agent 34:00 - Let’s discuss this unconventional question about cemetery purchases Resources Mentioned in the Episode: What to do if the property you buy has a cemetery on it? https://bit.ly/469Rwws 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 prices soaring and borrowing capacities diminishing, it's no wonder that the bank of mum and dad has become the country's fifth-largest lender. But what does this growing divide mean for the future of aspiring homeowners and society at large? Today’s guest, Brian Hartzer - Chairman of 2Be, Beforepay and Reejig brings his extensive banking experience and fintech expertise to shed light on innovative lending solutions. His extensive involvement as an angel investor and advisor to numerous fintech and technology start-ups positions him as a leading voice in the industry. Join us as we explore the opportunities emerging from the current lending landscape and discuss how innovation can bridge the gap between first home buyers and their dreams of homeownership. We'll delve into the development of alternative lending products and how they can empower those who don't have the luxury of familial financial assistance. Don't miss this enlightening conversation that addresses the pressing challenges faced by home buyers in Australia and unveil the possibilities created by fintech and start-ups in the lending space. Episode Highlights: 00:00 - Welcome 01:19 - Who is Brian Hartzer? 02:58 - How big is the bank of mum and dad? 03:35 - Are older homeowners being overlooked in the borrowing landscape? 06:19 - Reasons why people over 55 want to borrow money 10:20 - What is a reverse mortgage? 12:58 - How does a reverse mortgage work? 14:32 - Reverse mortgages and the difference in interest rates 17:54 - The future of super funds in this space 19:28 - The bank of mum and dad situation 21:58 - The advantages of having a parental guarantee 27:23 - Brian’s take on the current banking industry 32:15 - What’s driving the net interest margin down? 35:27 - Are banks writing loans under the cost of the capital? 40:09 - What’s going on with the banks’ lending to customers? 50:07 - The longest downturn Australia’s had in property prices 55:14 - How Brian feels about the Reserve Bank of Australia 55:56 - Brian Hartzer’s property dumbo About Our Guest: Brian Hartzer is a seasoned executive, mentor, and investor. He was the CEO of the Westpac Banking Group from 2015 to 2019 and has held leadership positions in major banks in Australia and the UK. Brian has also served as Chairman of the Australian Banking Association and the Retail Banking Committee of the British Bankers Association. In addition, he is involved with multiple startups in Sydney as Chairman and serves as a senior advisor to a data science company. Brian is actively engaged in philanthropic endeavors, including being the President of the Board of Trustees of the Australian Museum. He holds a degree in European History from Princeton University, is a Chartered Financial Analyst, and holds dual US and Australian citizenship. Connect with Brian Hartzer: Connect with Brian on LinkedIn: https://www.linkedin.com/in/brianhartzer/ Visit the 2Be Website: https://www.2be.com.au/ Resources Mentioned in the Episode: Listen to Episode 49 of the Your First Home Buyer Guide Podcast - What Can Go Wrong When Borrowing from the Bank of Mum & Dad? (with Barry Frakes) https://www.homebuyeracademy.com.au/podcasts/049 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 we delve into the deepening housing affordability crisis in Australia, and the conversation starts to shift from the struggles of first-time home buyers to the escalating rental crisis, it's time to examine whether the proposed solutions from our government are truly effective or mere band-aids to a larger problem. In this episode, we delve deep into the housing crisis and explore the obstacles preventing meaningful change. Is it a lack of political will that prevents decisive action? Or are there other roadblocks, such as complex regulatory frameworks or community resistance, that impede progress? Joining us as we attempt to gain insights into the current state of the Australian housing market is Peter Tulip — Chief Economist at the Centre for Independent Studies, whose extensive experience, including his research at the Reserve Bank of Australia and the Federal Reserve Board of Governors, makes him an invaluable resource in understanding the complexities of housing and monetary policy. If you're passionate about understanding the intricate dynamics of the Australian housing market and eager to explore potential avenues for change, this episode is a must-listen. Gain valuable insights from our expert guest as we unlock the mysteries of why housing solutions remain elusive in the Australian housing landscape and discover potential pathways towards affordable housing solutions. Episode Highlights: 00:00 - Welcome 01:47 - Peter’s thoughts on the NIMBY and YIMBY movement 05:12 - What are the solutions to the supply problem? 07:34 - What factors influence builders' willingness to provide housing? 08:55 - Challenges faced by builders and developers in the current market 12:57 - The impact of land tax on the property prices in Australia 21:00 - Factors that contribute to the limited growth of the build-to-rent sector in Australia 27:29 - Is there a lack of accountability among certain councils regarding housing shortages? 28:36 - Successful examples of councils changing their stance on housing development 32:01 - What are the challenges and opportunities of industrial land redevelopment? 38:49 - Are land values and density considerations affecting housing targets in Sydney? 47:37 - What are the shortcomings of the current monetary policy process in the RBA? 51:57 - How has the property market shown resilience despite interest rate hikes? 56:30 - The cause behind the significant shortfall of dwellings in Sydney 58:02 - 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.

How closely are our homes tied to our overall sense of wellbeing? Is it true that homeowners experience greater happiness compared to renters? We're about to uncover the truth behind this common assumption. While owning a home can offer stability and a sense of control over our living environment, it is not without its challenges. Financial stress and the responsibility of property maintenance can dampen the initial excitement. So, how long does the satisfaction of homeownership last before we yearn for something more? In today's episode, we are honored to have Dr. Peggy Kern, an esteemed associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education to help us uncover the complexities beyond the simplistic notion that homeowners are content and renters are dissatisfied. Tune in to gain valuable insights into the connection between homeownership and happiness and have a deeper understanding of how our living arrangements can impact our overall well being. Episode Highlights: 00:00 - Is homeownership connected to our sense of wellbeing? 01:24 - Who is Dr. Peggy Kern? 02:16 - How do we measure our well being or happiness? 04:14 - Explaining the hedonic treadmill and how it relates to homeownership 11:53 - Factors that contribute to the emotional rollercoaster of homeownership 15:08 - The pros and cons of short-term vs long-term thinking 19:13 - Tips for getting into a long-term thinking mindset 23:32 - Common factors found among centenarians that could be contributory to their long life 25:37 - Fact or myth? It takes longer to bounce back from negative experiences 30:56 - How pursuing a dopamine hit impacts decision-making when it comes to property 37:17 - Does one's affluence paradoxically coexist with unhappiness? 39:39 - How important is financial stability to one’s well being? 42:10 - Factors that influence one's perspective on downsizing 43:45 - How can housing choices impact overall happiness and satisfaction? 50:41 - Peggy Kern’s property dumbo About Our Guest: Dr. Peggy Kern is an associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education. Originally trained in social, personality, and developmental psychology, Peggy received her undergraduate degree in psychology from Arizona State University, a Masters and Ph.D. in social/personality psychology from the University of California and postdoctoral training in positive psychology at the University of Pennsylvania. Her research focuses on understanding, measuring, and supporting wellbeing across the lifespan. She works with schools and workplaces to examine strategies for supporting wellbeing, and bridging gaps between research and practice. She has published 3 books, over 100 peer-reviewed articles and chapters, and the freely available Palgrave Handbook of Positive Education. Connect with Peggy Kern: Get free and unlimited access to the Palgrave Handbook of Positive Education https://link.springer.com/book/10.1007%2F978-3-030-64537-3 Find out more about Peggy’s work at: http://www.peggykern.org/ Connect with Peggy on LinkedIn: https://www.linkedin.com/in/peggy-kern-b1955223/ Resources: Buying a new house: Will it actually make you happy? https://bit.ly/3pQuLgn 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 would you feel if your dream of building a new home on a suburban property suddenly turns into a nightmarish ordeal? Imagine the shock and dismay when a family's hopes got crushed after demolishing their existing house, only to discover that they couldn't build on the site due to unforeseen zoning regulations. It raises a pressing question: How could such assumptions about property improvements lead to devastating consequences? To shed light on this topic, we've invited Eli Gescheit, an esteemed urban planner with over 15 years of experience and Director of Navon Planning. With his profound understanding of local councils and the needs of property owners, Eli is uniquely positioned to guide us through the intricate process of gaining approval for property enhancements. Prepare to be enlightened as we embark on a journey alongside an urban planner who has witnessed firsthand the impact of misguided assumptions. Learn how to navigate the terrain of property improvements with greater confidence and avoid potential pitfalls that could jeopardise your dreams. Episode Highlights: 00:00 - Introduction 02:11 - Understanding the basics of the planning process in its entirety 04:10 - Two types of town planners and their roles in the context of councils and government 06:25 - Demolishing a brick home without approval from a town planner’s perspective 09:45 - Due diligence that goes beyond just the zoning certificate 12:52 - Property risks: Floods, bushfires, and their impact on property evaluation 16:17 - Overland flooding and flooding in Brisbane 20:06 - Various misconceptions and mistakes people make regarding their own properties 24:33 - What home improvements can you do without the need of a development approval? 31:27 - Repercussions of non-compliance in property transactions 36:16 - Roles and boundaries for illegal property work in Sydney 38:39 - Getting approvals for large property developments 43:23 - The impact of your relationship with neighbours on your property development plans 45:38 - What happens if your application gets disapproved? 48:09 - The difference between going to court vs consulting with a local agent 51:49 - The process involved in court cases and negotiations related to legal matters 57:49 - The importance of having a relationship with counsel in your pre-DA 1:00:16 - Eli Gescheit’s property dumbo About Our Guest: Eli Gescheit — Director of Navon Planning, is an experienced urban planner with over 15 years’ working in various Councils and consultancies, including Waverley Council and Hurstville Council (Now known as Georges River Council), at leading planning consultancy, Urbis and at Neustein Urban. Eli knows the ins and outs of Councils while also understanding client’s requirements. He possesses negotiating skills and regularly appears as an expert witness before the NSW Land and Environment Court. Connect with Eli Gescheit: Connect with Eli on LinkedIn https://www.linkedin.com/in/eligescheit/ Join Eli’s Masterclass https://www.navonsolutions.com.au/masterclass/ 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.

Picture this: a country caught in the grips of an unprecedented rental crisis, where finding a place to call home has become an arduous battle for countless Australians. The very fabric of the real estate market is strained as supply dwindles and demand soars to staggering heights. In the face of this dire situation, our resident data geek, Kent Lardner, takes on the monumental challenge of untangling this complex web and shedding light on potential remedies. Today, we plunge into the depths of the rental crisis, guided by Kent Lardner's tireless research and analytical expertise. We investigate the intricate interplay between supply, demand, and socioeconomic factors that contribute to this critical juncture. With a data-driven lens, we scrutinise potential solutions, daring to challenge the status quo and disrupt conventional thinking. Tune in to this month’s Suburb Trends report where we navigate the tumultuous landscape of Australia's rental crisis — is there a way out? Episode Highlights: 00:00 - This is our Suburbs Trends Report for May 2023 00:55 - How Kent tackled the challenge of solving the rental crisis 03:58 - Top 10 areas in terms of percentage of rentals 09:48 - National rate of vacancy is under 1% — it’s CRAZY! 12:11 - Why first home buyers are scared to go into the rental market again 16:53 - The disadvantages of the rent-to-share scheme we’re seeing in other cities 18:55 - Government incentives for boosting investment in multi-family residential properties 22:47 - Who’s to blame for the rental rates rising above CPI? 26:07 - Is this a viable solution for solving the current housing crisis? 27:43 - Another problem being caused by short-term rentals 30:38 - Various incentives and policies that could address the housing problem 32:18 - The political aspect of housing policies 36:08 - Investors are pulling out of the market because of the rental issues 40:11 - Can prefabrication and 3D printing address the problem of labour shortage? 42:07 - What’s starting to change in the rental market? 48:34 - What’s the impact of new developments in the rental markets? 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.

In this week's episode of the podcast, we tackle the thorny issue of Australia's population growth and how we plan to provide accommodation for the influx of people that are set to arrive on our shores. With immigration back on the table, the government has forecast a 60% increase in population by 2050, which raises a number of difficult questions. First and foremost, we simply don't have enough housing to accommodate our current population, let alone a larger one. Building companies are struggling, there's a labour shortage, and the cost of materials and capital is rising. This is going to make it extremely difficult to ramp up the supply of new housing, especially when there will be stiff competition for resources. But housing is just one piece of the puzzle. We will also need to consider where these people will work, shop, and go to school. This requires careful planning and reliable forecasting, something that Richard Temlett, our guest on the podcast, specialises in. As a director of Charter Keck Cramer's strategic research department, Richard helps industry players make development and investment decisions based on forward-looking, evidence-based outputs. In this episode, we dive into the specific challenges that Australia's population growth presents in the apartment space. With more people looking for smaller, more affordable homes, how will the market respond? And what impact will this have on existing apartment buildings and the broader property market? Richard shares his insights and predictions for the future, painting a picture of what life might look like in Australia in 2050. Tune in to hear the full conversation and gain a deeper understanding of the challenges and opportunities that lie ahead. Episode Highlights: 00:00 - Introduction 01:28 - Who is Richard Temlett? 02:31 - Richard’s take on the development space in 2023 coming out of COVID 05:52 - What’s happening to the supply and demand in the Australian housing market? 12:30 - The mismatch between supply and demand 14:36 - How important are foreign buyers in the build-to-sell sector 19:12 - What’s going to solve the housing crisis in Australia? 23:11 - Are foreign investors becoming a problem in Australia? 28:36 - The challenges that developers face with labour shortages and building prices 32:05 - How will the Australian housing market respond to fluctuations in the cash rate? 36:27 - Let’s talk about the issues with price rises and settlement risks 39:52 - The problem with the current financing arrangements for developers 44:57 - How builders are getting around the fear of quality being a problem 50:59 - How does the Olympics impact the construction industry in Australia right now? 54:24 - The impact of labour shortage in Australia 55:25 - Richard’s property dumbo About Our Guest: Richard Temlett is a Director in Charter Keck Cramer's Strategic Research department. A former lawyer, Richard specialises in producing forward-looking evidence-based outputs which identify the target market(s), identify the property market risks as well as validate inputs for development and investment decisions. Richard has worked in both the private and public sectors, as well as in consulting and developer roles. He is a regular contributor and presenter at events and seminars in the property industry. Connect with Richard Temlett: Connect with Richard on LinkedIn https://www.linkedin.com/in/richard-temlett-9386054a/ 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.

Negotiation is a game of strategy, and those who master it can achieve great success in the property market. But how do you know if you're a good negotiator? Do you always aim for a win-win, or do you have a secret fallback position that you rely on? In this episode, we explore the art of negotiation with renowned property expert Michael Yardney, who has developed a range of tactics to influence and persuade others to do what he wants them to do. With his book "Negotiate, Influence, Persuade: How to Persuade Others to Do What You'd Like Them to Do," Michael delves into the psychology of deal making, exploring how to achieve your desired outcomes by understanding the other party's perspective. We also discuss whether commonly used negotiation strategies such as aiming for a win-win or meeting in the middle are still effective in today's market, or whether it's time to ditch them and study the psychology of deal making instead. While we'll be viewing negotiation through a real estate lens, Michael's book emphasises that negotiation is a life skill that can be applied to any situation. Whether you're negotiating a property deal or trying to do something otherwise, understanding the psychology of deal making will certainly help you achieve your desired outcome. So if you're looking to improve your negotiation skills and achieve success in the property market, be sure to tune in to this episode and learn from one of the best in the business. Episode Highlights: 00:00 - What is the art of negotiation? 02:41 - Michael’s inspiration behind his book "Negotiate, Influence, Persuade” 04:47 - Realising that all life is in negotiation 05:49 - What is the best negotiation? 08:31 - Let’s talk about the three key areas of power in negotiation 12:43 - Don’t go into a negotiation without knowing the end result 17:16 - Don’t be tricked into making another offer 20:47 - What are the two motivators of negotiation? 24:33 - What are the benefits of having a good buyer’s agent? 29:02 - How to negotiate in a buyer’s market? 35:55 - The key thing buyers need to know about negotiation 38:21 - The biggest negotiating mistake property owners make 40:18 - The pros and cons of having different levels of vendor disclosure in different states in Australia 42:54 - How to make an offer after doing your due diligence 45:39 - What are some of the biggest biases in real estate negotiation? 50:41 - What is anchoring bias and how is it used in the real estate market? 57:52 - Michael Yardney’s property dumbo About Our Guest: Michael Yardney is a highly respected and influential figure in Australia's property market, with an impressive list of credentials that includes being #1 bestselling author of 9 books and being voted one of Australia's 50 most influential thought leaders. He is also a trusted property commentator whose opinions are regularly quoted in the media, including major newspapers, finance and property magazines, and on Sky TV and commercial radio. What sets Michael apart is that he is not just a theorist but also a successful property investor and developer, and as a director of Metropole Group of Companies, he leads a team of professionals who help clients grow, preserve and pass on their wealth. Connect with Michael Yardney: Connect with Michael on LinkedIn: https://www.linkedin.com/in/michaelyardney/ Follow Michael on Instagram: https://www.linkedin.com/in/michaelyardney/ Follow Michael on Twitter: https://twitter.com/michaelyardney Discover Michael’s books on Amazon: https://amzn.to/40Dvtuj Visit Michael’s website: https://propertyupdate.com.au/ Resources: The Elephant in The Room Property Podcast Episode 029: Negotiation masterclass | Fiona McKenzie, Resolving Matters https://www.theelephantintheroom.com.au/podcasts/029 Negotiate, Influence, Persuade: How to Persuade Others to Do What You'd Like Them to Do by Michael Yardney https://www.amazon.com/Negotiate-Influence-Persuade/dp/1925927245 The Elephant in the Room Property Podcast Episode 001: Who is Really Making the Decisions When You Bid at Auction? https://www.theelephantintheroom.com.au/podcasts/1 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.wealthful.com.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/3Ge1626dgnmK

Could the mortgage cliff in 2023 be the start of a new era for the property market? Over the next few months many Australians will come off fixed rates and face higher mortgage repayments. But is this just a short-term blip, or could it have a lasting impact on the property market? To help us better understand the potential impact of the mortgage cliff, we're joined by Martin North, the founder of Digital Finance Analytics. Martin is an expert on mortgage stress in Australia, and he publishes a number of relevant indices on defaults, mortgage stress, and consumer confidence. In this episode, Martin shares his thoughts on the scale of the problem and who is most at risk. He discusses how the current interest rate hike cycle will impact different segments of the property market. Martin also shares his insights on how the market as a whole might respond to the mortgage cliff and whether we can expect to see a significant slowdown in property prices. So whether you're a homeowner, property investor, or mortgage broker, this is an episode you won't want to miss. Episode Highlights: 00:00 - Mortgage stress in Australia - what is the scale of the problem and who is most at risk? 01:03 - Who is Martin North? 02:15 - What’s coming up over the next six months for mortgage rates? 05:55 - Are fixed mortgage rates going to have an immediate effect on home sales? 08:48 - Percentage of loans in big banks' loan books written during low-interest-rate periods 11:32 - How are first-time homebuyers impacted by the current economic climate? 14:51 - What impact do price wars have on banks' net interest margins? 22:01 - What is currently going on in the housing market? 26:04 - Martin’s thoughts on the property market splitting 28:19 - Different trends in property prices across different regions in Australia 36:12 - How does property composition affect price dynamics? 38:31 - What is the most significant linkage to house price movement? 41:28 - Is borrowing capacity as important as buying capacity? 43:27 - Martin’s outlook for the interest rates in Australia and the global economy 45:20 - Boom or bust? A peek into the Australian property market for February to March 47:27 - The impact of the RBA lift on buying power and credit availability 48:47 - What are the dangers of waiting for the bottom to happen? 51:22 - More thoughts on the increased inequality in the society 54:45 - Martin North’s property dumbo 56:40 - Martin North’s anti-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: The Elephant in The Room Property Podcast Episode 218 https://www.theelephantintheroom.com.au/podcasts/218 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.wealthful.com.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.

Australia's economy once lauded for its stability and strong growth potential, is now facing extreme economic strain. Inflation has been steadily climbing in recent months with the Reserve Bank of Australia (RBA) yet to take decisive action. It begs the question: are interest rates enough to control inflation? To shed some light on the current state of the economy, we have economist Warren Hogan joining our podcast. In today’s discussion, we cover a range of topics that are currently affecting the economy, such as the impact of the pandemic on the housing market, the rise of the working poor, and the lack of a cohesive approach from our governments. Warren also shares his insights on the effects of the super changes, the potential for a rental crisis, and the importance of understanding the risks associated with easy credit. Don't miss out on hearing keynote insights from one of Australia’s leading economists and dive in for a detailed exploration into how these issues are impacting us all! Episode Highlights: 00:00 - Introduction 02:19 - Warren's stance on the Australian economy and how it differs from the consensus 06:35 - The surprising truth about interest rate and property price forecasts in 2022 13:09 - Current state of the Australian housing market and how interest rates are affecting it 16:43 - What’s happening in the Sydney property market? 24:12 - Scenarios and potential outcomes of interest rate changes on the Australian economy 27:37 -What happens to the interest rates when inflation becomes entrenched in the economy? 32:13 - How is the Australian economy faring amid the pandemic? 39:37 - The cause of the housing shortfall in Australia and how it's impacting the economy 43:42 - What is causing the wage stagnation in the labor market? 48:31 - Factors to consider when buying a home as a long-term asset About Our Guest: Warren Hogan is a renowned Australian economist, macroeconomic policy expert, and a top-notch analyst of global markets. He advises political leaders, businesses, and money managers through his consulting company, EQ Economics. Warren has had an illustrious career in banking and financial markets where he served as an economist and financial market strategist at various firms, including ANZ bank, Credit Suisse, and Westpac Banking Corporation. With a focus on forecasting and prediction, Warren values critical thinking and plain speaking in his approach to economic problem-solving. He engages with the SME sector to gain perspective on what's happening now and what could happen next in the Australian economy. Currently, Warren is producing analysis and forecasts for Australia's residential property markets through HALO Technologies — an Australian listed equities analytics and execution platform. Connect with Warren Hogan: Warren Hogan’s LinkedIn https://www.linkedin.com/in/warren-hogan-835581116/ Warren Hogan on Twitter https://twitter.com/_warrenhogan If you’d like to book Warren Hogan for your event https://www.saxton.com.au/speakers/warren-hogan 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.wealthful.com.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.

Whether you’re a property investor with tenants, or you’re currently renting, you will be effected in some way shape or form with the current rental market conditions. In today's unstable housing prices, tenants are struggling to stay afloat. With sky-high rent increases and plummeting vacancy rates, it can feel like an uphill battle! Renters need solutions NOW! From the diminishing availability of housing units and poor living conditions; Leo Patterson Ross - CEO of Tenants Union of NSW - discusses how this current situation affects people renting a home as well as sharing his knowledge on creating a fairer system for all occupants in order to make it more accessible. So don't just survive this crisis, thrive by learning what solutions are available. Don't resign yourself to dead-end leases; join us as we uncover solutions that can create a brighter future for renters. Learn how together, we can counteract the difficulties of today's rental market and ensure tenants are given greater equity in their living situations! Episode Highlights: 00:00 - What will happen to tenants’ rights now that we have a chronic rental shortage? 02:11 - Leo explains what the Tenants Union does 04:06 - What are the most common reasons why people get evicted from a rental property? 07:11 - What’s going on in the rental market and why isn’t it working? 18:13 - How do you address the challenges of the current housing market? 22:15 - What’s happening in Sydney’s inner city? 27:45 - What’s going to be required to change the current rental market situation? 34:16 - What’s going on in the real estate market? 39:50 - When a property becomes vacant, why isn’t it being incentivised? 45:47 - Leo’s mission statement is to change one thing 48:57 - What is the impact of rent regulation on the market? 55:45 - The temptation to look at ways to streamline the business About Our Guest: Leo Patterson Ross has worked in housing justice and community development for 15 years with over a decade in various roles at the Tenants' Union, stepping up as CEO the day COVID eviction moratoriums were announced in NSW. Bringing together social work training, front-line advocacy experience and a pragmatic approach to seeking solutions that work, Leo is committed to assisting renters, to and speaking about the experience of renters in NSW. Connect with Leo Patterson Ross: Leo Patterson Ross’ LinkedIn https://www.linkedin.com/in/leopattersonross/ Leo Patterson Ross’ Facebook Page https://www.facebook.com/leopattersonross/ Leo Patterson Ross’ Twitter https://twitter.com/LeoPatRoss 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.wealthful.com.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 sector in Australia has come under scrutiny lately after a Four Corners report uncovered certain questionable practices employed by real estate agents. While this exposé has sparked a series of discussions and raised important ethical and regulatory questions about the industry, there remain many uncertainties about what will happen next. In today’s episode, we closely examine the aftermath of the Four Corners exposé and its implications on the Australian real estate market. We also talk about our views on what regulators can do to tackle poor real estate practices, presenting a nuanced perspective on the state of the industry and exploring possible solutions moving forward. If you want to keep abreast of the latest developments in the Australian real estate industry, we invite you to join us for an insightful and informative conversation on the real estate industry's response to the Four Corners exposé. Episode Highlights: 00:00 - Introduction 01:39 - Chris and Veronica's initial reactions to the Four Corners Exposé 03:17 - Uncovering the flaws and challenges in Australia's real estate industry 07:40 - Can the real estate industry overcome its sales-focused past? 13:47 - Is the CBD system failing the real estate industry? 18:59 - What buyers SHOULD do to minimise risk when purchasing properties 22:30 - The most common ethical issues in real estate and how to avoid them 26:14 - Uncovering the truth: Real estate agents and undisclosed kickbacks 31:41 - The real culprit behind under-quoting: Poor legislation or unscrupulous agents? 38:03 - How to protect yourself from the impact of underquoting in the real estate industry 45:48 - How real estate agents manipulate buyers with underquoting 52:19 - How can the real estate industry shift its culture towards being trusted advisers? 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.wealthful.com.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 the future holds for the Australian property market? Do you want to stay ahead of the game and make informed investment decisions? Look no further than our annual Fool or Forecaster report! We provide a detailed analysis of the latest trends and predictions in the market, including a comparison of these predictions to what actually happened in the previous year. In this year's report, we take a deep dive into the tumultuous year of 2022, examining the unexpected events that impacted the Australian property market. We explore the effects of these events on the current state of the market and offer valuable insights for investors and anyone interested in the property market. But we don't stop there. In addition to the usual property price predictions, we also track interest rate predictions and their influence on property values, providing a comprehensive view of the market outlook for 2023. Join us for a thought-provoking exploration of the Australian property market, where we highlight those who predicted market trends accurately and those who missed the mark. Tune in to this must-listen episode, for anyone who wants to stay informed and ahead of the curve! Episode Highlights: 00:00 - Listen to our NEW Fool or Forecaster Reporter for the year 2023! 02:12 - The surprising effects of the global economy on the Australian property market 05:16 - Chris Joye and his prediction of the property market downturn 07:37 - Key factors that influenced predictions about the Australian property market early 2022 09:25 - What can we learn from past property market forecasts and outcomes? 13:27 - The rollercoaster unpredictability of the RBA's inflation forecast 15:04 - Can we REALLY trust the "expert's" housing market forecasts? 19:42 - Human side of property market: Why forecasts fall short 21:52 - Beyond numbers and predictions: Insights from the mortgage cliff 25:10 - Waiting for the "magical moment" in the property market can sometimes backfire 28:47 - Gong! The truth about how the media handles poor economic predictions 31:18 - How to avoid being misled by economic news and media sensationalism 33:24 - How can you stay confident in your investment decisions despite market noise? Resources: Let’s take a look at the Fool or Forecaster Report of 2022: https://www.theelephantintheroom.com.au/fool-or-forecaster 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?http://www.gooddeeds.com.au/ Work with Veronica:https://www.veronicamorgan.com.au Looking for a Mortgage Broker?https://www.wealthful.com.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 you ever feel skeptical about property investors' supposed success stories? We understand how frustrating it can be especially when these so-called property investors boast about their short-term wins without any substantial evidence to support their claims. But the question remains, what metrics should we really be using to measure success in the property investment game? Joining us today is Michael Beresford, Director of Investment Services at OpenCorp, to discuss the key metrics that truly matter in determining property success. With Michael’s impressive credentials and extensive knowledge with close to two decades in the industry, we're sure this conversation will provide a wealth of information that we can all benefit from. Tune in to this valuable conversation and discover what really counts in the world of property investment. Episode Highlights: 00:00 - Introduction 01:41 - A little backstory about Michael and OpenCorp 03:08 - Why Opencorp stands out among property companies 05:09 - How can you achieve both cash flow and growth in real estate investing? 12:46 - What determines success or failure in property investment? 15:03 - The importance of outperforming the market in property investment 18:28 - The benefits of diversifying your property portfolio across Australia 21:21 - How "home bias" can affect investment decisions 23:40 - What are the key fundamentals to consider when investing in property? 26:17 - How to maximise rental income and borrowing capacity 28:40 - Mitigating risks when investing in real estate 34:46 - What factors influence the size of land in different areas of the real estate market? 43:04 - Key criteria for selecting a successful real estate investment 49:39 - How to minimise risk and ensure rental demand in property investment? 52:41 - How do you measure your investment success? 55:20 - A peek into Pallara's growth driving comparable sales and unlocking equity 1:02:41 - What every property owner should know about maintenance 1:08:57 - How can you maximise your borrowing capacity for property investment? 1:11:52 - Michael Beresford’s Property Dumbo About Our Guest: Michael Beresford - Director of Investment Services at OpenCorp, Michael is committed to sharing his passion for property and investment to deliver outstanding returns for everyday Australians. Michael has helped over 2,000 OpenCorp clients add $837 million in value to their property portfolios. Aside from guiding and advising our clients at OpenCorp, Michael is also involved in helping the company maintain its high level of growth. Connect with Michael Beresford: Connect with Michael Beresford via LinkedIn: https://www.linkedin.com/in/michael-beresford-25591237/ Visit Michael’s website: https://opencorp.com.au/author/michael-beresford/ 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? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.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 we enter March 2023, the Australian property market has seen its fair share of ups and downs. With fluctuating inventory levels and unpredictable changes, it can be difficult to know what to expect in the real estate investment landscape. Take the guesswork out of it and join us on this exciting episode of the Elephant in the Room Property Podcast as we delve into the complex world of real estate investment. Together with our resident data geek, Kent Lardner, we break down Suburbtrends’ trusted data analysis to uncover 'sea change churn trends' in the market, and explore the latest property investing strategies for the Australian property market. We also take an up-to-date look at inventory levels in the property market, which might put future investments into perspective, and scope out current price movements between top properties down to more affordable ones. The real estate investment in Australia can be a tricky and confusing space to navigate, especially with market contradictions and high inventory. So join us as we discuss the latest real estate investment trends in Australia and share insights on the best property investing strategies for the Australian property market. Episode Highlights: 00:00 - Introduction 01:08 - What does the data tell us about the property market? 09:20 - How to navigate the market with high inventory 13:06 - How to deal with first-time buyers 17:18 - The percentage of properties that are being flipped within three years 22:06 - What are some of the most overvalued suburbs? 26:59 - What’s changing in the markets? 34:05 - What’s happening to the non-commutable lifestyle locations? 39:40 - The property market in London 44:30 - Where do you buy if the supply lines aren’t there? 49:50 - How to get ahead as a renter or investor during a rental crisis 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 Wesbite: 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? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.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.

Attention all Adelaide property seekers! Are you struggling to navigate the complexities of the local real estate market? You're not alone. With Adelaide emerging as a hot spot for property investment, finding your dream home can be challenging. But fear not – we've got you covered. In our latest podcast episode, we're joined by the esteemed buyer's agent, Matt O'Donoghue. With close to two decades of experience in the field, Matt is a well-known expert based in South Australia. He'll be sharing his insider knowledge on Adelaide's property market, providing invaluable insights for first-time buyers, investors, and expats planning to move back home. Join us as we explore the affordability of properties in Adelaide, uncover the hottest areas, and discover how to get the best return on your investment in this thriving market. With COVID-19 shaking things up, Matt explains why Adelaide is an excellent choice for property investment. Don't miss out on this opportunity to get started on your home-buying journey. Tune in to our podcast now and take the first step towards securing your dream home. Episode Highlights: 00:00 - Introduction 01:08 - Who is Matt O’Donoghue? 01:51 - What’s driven the Adelaide property market prior to Covid? 08:05 - What’s happening with expats coming back to Adelaide? 14:46 - The FOMO in Brisbane 17:17 - How does the auction market in Adelaide work? 23:34 - The reason why expats are moving back to Adelaide 26:28 - Is the CBD in Adelaide a good investment? 30:33 - What’s driving the affordability market in Adelaide? 38:10 - How self-imposed limits can hurt your property search 42:49 - Matt’s property dumbo About Matt O’Donoghue: Matt O'Donoghue is an award-winning Buyers Agent with a long history of success in the real estate industry. His decade and a half of experience have seen him achieve record numbers, becoming one of the top producers in South Australia/Northern Territory for three consecutive years. Not only is he skilled at negotiation, customer service and teamwork but also holds licenses for land auctions - making his services invaluable to Waterman Property Advocates team! Connect with Matt O’Donoghue: LinkedIn- https://au.linkedin.com/in/matt-odonoghue-ab50ab168 Waterman Property Advocates- https://watermanpa.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au Hey, hey, podcast pals! If you loved what you heard today, make sure to hit that subscribe button, give us a juicy rating, and spread the word about our awesome show!See omnystudio.com/listener for privacy information.

Are you seeking expert guidance on all things property investment, but don't know where to turn? Look no further than today's episode where we answer YOUR most urgent queries about vendor disclosure laws, due diligence, and more! Follow along as we dive deep into the complexities of Brisbane property investment and explore the potential impact of the upcoming Olympics on the housing market. We also talk about the importance of due diligence when investing in property, and share proven tips for navigating vendor disclosure laws and weighing the pros and cons of renovating or investing pre-Olympics. By the end of this episode, you'll be armed with the knowledge and confidence you need to make wise choices about your property investment. So what are you waiting for? Tune in now! Episode Highlights: 00:00 - Welcome to the Elephant in The Room Podcast! 01:09 - What's the impact of the Olympic games on housing markets? 04:28 - The impact of the Sydney Olympics on the property market in 2000 05:12 - Should the Olympics dictate your property investment choices? 10:02 - Navigating Australian vendor disclosure laws: Why due diligence counts 18:30 - Insights about the power of due diligence in property investment 22:37 - Weighing the pros and cons for renovating/investing pre-Olympics 31:46 - Will property disclosure laws in Australia change anytime soon? 36:37 - ​​Don't let fear of the process hold you back from getting your dream home 39:32 - Explaining vendor advisory in Australia 40:43 - Surprising twists in the real estate market at the beginning of 2023 45:31 - Real estate market update: FOMO at the bottom, gradual price increases and more Resources: Visit our website https://www.theelephantintheroom.com.au Your Home Buyer Guide Podcast Episode 30: Where do you start with due diligence? Your Home Buyer Guide Podcast Episode 59: A Quick Step-by-Step Guide to Purchasing Property Episode 259: The Difference Between American and Australian Property Markets Episode 263: Vendor Advocacy Is On The Rise… But What Is It? If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Real estate cycles can be challenging to navigate, but understanding what drives them is crucial for anyone wanting to succeed in the industry. In this episode, we dive into the complex interplay of factors that contribute to the booms and busts of the housing market. Our guest, Eliza Owen, Head of Research at CoreLogic Australia, shares her data-driven insights to help you make sense of the current state of the Australian housing market. Join us as we explore the impacts of inflation trends, the surprising effects of the pandemic on human behaviour, and more! If you want to stay ahead of the curve in the ever-changing real estate industry, make sure to tune in to this episode - it's one you definitely won't want to miss! Episode Highlights: 00:00 - Welcome to The Elephant in The Room Property Podcast! 01:19 - Our guest for today, Eliza Owen 02:31 - Dangers of past trends vs focusing on high-frequency metrics in real estate markets 06:44 - Surprising impacts of the pandemic on human behaviour and property markets 12:38 - Homeowners explore alternatives to selling amidst pandemic 15:06 - Inflation trends and their impact on the housing market 18:22 - Exploring the unpredictable factors fueling Australia's inflationary spikes 20:04 - Understanding the boom and bust of the expensive property markets in Australia 23:32 - Why Perth and Adelaide are emerging as unexpected property hotspots 29:29 - The importance of context in understanding property transactions 37:22 - Understanding the correlation between medians and home value index 41:00 - How 2023 is looking for Eliza 43:44 - How build-to-rent is reshaping the rental property landscape 45:41 - Can corporations solve Australia's affordable housing crisis? 46:37 - Can better housing availability improve retirement security for renters? 48:06 - Housing affordability crisis in Australia: Proposed solutions and challenges 56:49 - Eliza’s recent property Dumbo Resources: Visit our website https://www.theelephantintheroom.com.au FREE Mapping the Market Report (https://www.corelogic.com.au/our-data/mapping-market) FREE Monthly Housing Chart Pack (https://www.corelogic.com.au/news-research/reports/monthly-housing-chart-pack) If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Housing is a fundamental aspect of our lives, fulfilling the basic human need for shelter. Despite this, many individuals and families still struggle to find affordable and adequate housing. In this episode, Jeremy McLeod, founder of Breathe Architecture and co-founder of Nightingale Housing joins us as he brings his wealth of knowledge in the real estate industry and his unique approach to prioritising affordability and sustainability all whilst reducing risks for new apartment buyers. Together, we delve into the Nightingale Housing project, a revolutionary zero-carbon community that combines affordability, sustainability, and community building. This project serves as a testament to the fact that sustainable living can be achieved without breaking the bank. Jeremy and his team hope to inspire others to adopt a similar approach through their successful implementation of this project. So tune in now to learn more about this innovative community and how it proves that affordability and sustainability can coexist and thrive together. Don't miss out on this enlightening conversation about the future of housing and sustainable living. Episode Highlights: 00:00 - Introduction 01:17 - Who is Jeremy Mcleod? 03:02 - Jeremy's passion for sustainability led to the creation of Breathe and Nightingale Housing 07:46 - The beginnings of the Nightingale project — Nightingale Apartments 09:59 - Jeremy challenging the urban sprawl with sustainable solutions 12:20 - The benefits of fostering connected communities 15:42 - Reducing apartment prices by building zero-car, zero-carbon neighbourhoods 20:27 - Sustainability vs affordability: Examining the factors behind Nightingale’s sales 25:13 - How Nightingale grew its market by building trust with potential buyers 28:57 - Why Nightingale still keeps selling 32:05 - The goal of Nightingale Housing 33:56 - Looking to make better, and more informed property decisions? 35:03 - Addressing the elephant in the room by delivering innovative solutions 45:56 - How Jeremy plans to protect affordable housing for the long-term 48:01 - Is living in a Nightingale ideal for everyone with differing political ideologies? 49:57 - Why Nightingale Housing is unavailable in Sydney 52:55 - What’s Jeremy’s property Dumbo? About Jeremy McLeod: Jeremy McLeod is the Director of Breathe, a top sustainable architectural studio in Australia with over 20 AIA awards. He's also a Co-Founder of Nightingale Housing and Head of Partnerships at Goodbye Gas. Jeremy advocates for affordable and carbon-neutral housing, urging industry and government to do better in response to the country's housing and climate crisis. He's passionate about a net zero emissions future and believes architects can drive positive change through collaboration. Connect with Jeremy McLeod: LinkedIn Breathe Studio Resources: Visit our website https://www.theelephantintheroom.com.au How to Avoid a Climate Disaster by Bill Gates https://amzn.to/3JZ1LLB If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Most people know they have to do the most basic due diligence when buying a property. But how do you know if you can rely on these reports? Are there industry standards that must be adhered to? Do inspectors need to be appropriately qualified and licensed? Are these due diligence reports truly comprehensive and highlight any potential issues? Michael Ferrier, Founder and MD of EYEON Property Inspections, joined us with our hosts, Veronica Morgan and Chris Bates. We dive deep on these topics and more today. So tune in while we pull back the curtain on property due diligence reporting and what you need to look out for when buying your next property. See you in the episode! Episode Highlights: Welcome [0:00] How are things changing at the two levels of the market? [2:07] Ensuring you’ve got the consistency of information. [7:40] The importance of follow-up support in the inspection process. [11:56] When an agent is on the front foot about a crime [17:32] Preventing a strata manager from withholding information from the inspection report [22:47] What’s the biggest issue in New South Wales? [28:06] Putting yourself in a buyer’s shoes [33:41] Requirements for building and pest reports [37:41] Average downloads of a building inspection report [43:11] The importance of having a building and pest inspection document. [50:12] What happens when a client has two wrong strata experiences? [56:07] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Resources: https://www.theelephantintheroom.com.au/podcasts/267 If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

As recognition of the need to reduce our carbon footprint grows, the task of creating change becomes increasingly pressing. Upgrading our built environment to be more sustainable presents one of the biggest challenges we face today. But how do we retrofit existing buildings, and who is responsible for making these changes? Join Veronica Morgan, Chris Bates and guest Professor Sara Wilkinson, a highly regarded expert in her field with a BSc, MA, MPhil, Ph.D., FRICS, and AAPI, as they delve into the crucial topic of reducing your property's carbon footprint. They also get into the significant role buildings play in carbon emissions. They discuss practical solutions for retrofitting, also addressing various related topics. In this valuable episode, gain a deeper understanding of the importance of reducing your carbon footprint and learn about the actions you can take to make a difference. Watch the entire episode now to find out more! Episode Highlights: Welcome [00:00] Why are we becoming more aware of climate change? [3:53] The Best way to approach Retrofitting [9:35] Consumers are prepared to pay more for the highest energy rating homes. [14:31] Where Could We Get the Best Bang for Your Energy Bill? [19:44] What happens if you ban the plastic bag? [22:58] Separation of the premium paid for the green housing from the green features? [37:25] Issues with older Australians passing on their homes [53:21] The New South Wales government’s initiative to convert older buildings [54:51] Sustainability is a moving target. It needs to be government-driven. [57:15] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/266 If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

This is our Suburb Help Report for January 2023 and we'll be looking at what property investors need to know when they're looking at investing across the country. In this episode, we'll be discussing green shoots in the property market. Yes, you heard me right. It's been all doom and gloom throughout 2022 with regular predictions of 15% price falls, but the data is suggesting a different story in some parts of the market. We are joined today by Kent Lardner, a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China. Link to Kent's website: http://www.suburbtrends.com Episode Highlights: Suburb Health Report Introduction [00:00] Introduction To The Elephant In The Room [00:25] Introduction To Kent Lardner [01:06] How Many Properties Do You Think Would Be In An Essay Trilogy Around The Country? [02:24] Conflict Composition Or Bias Is A Real Issue In Downturns [07:14] What's The Average Fall Since Their Peak In The Capital Cities? [09:25] What's happening In The Sydney And Adelaide Markets? [10:42] Buying A House In New Town On The Weekend [13:42] What's Changed In The Sydney Suburbs Since Peak? [15:16] How Many Months Of Inventory Does It Take To Get Equilibrium? [22:51] How Bank Discounts Are Counteracting The Rate Increases [25:15] Are There Areas That Have Peaked In The Last Couple Of Months? [27:54] Is The Affordability Argument Sustainable Now? [30:45] How High Rates Are Making People More Cautious And Makes People More Picky [34:29] What's Happening In Tea Tree Gully? [38:36] What Are The Implications Of More Investors In The Market? [41:44] Why Stay In The Country When You Can Go Anywhere? [45:53] The Importance Of Quoting In The Current Market? [52:45] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/265 If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

How has the Brisbane property market changed in the wake of Covid? Can we now count it as one of the big guns, along side Sydney and Melbourne? Or is the recent boom set to be short lived? In today's episode, we are joined by Melinda Jennison, who is possibly the only buyer's agent with a PHD. Which means she brings a research lens to strategy development and advice. Melinda shares what has been happening in the Brisbane property market, what makes it tick… and what potentially could be expected for 2023. Discover if Brisbane really is now in the same league as Sydney and Melbourne. Let's find out. See you in the episode! About our guest: Melinda Jennison is a Brisbane Buyer's Agent or Advocate, she works with time poor professionals who are looking to find their ideal home, an investment property that will deliver on capital growth or rental yield requirements and small development opportunities in the Brisbane real estate market. Link to Melinda’s website: https://streamlineproperty.com.au/ Episode Highlights: How has the Brisbane property market changed in the wake of Covid? [00:00] Introduction To The Elephant In The Room [00:10] Introduction To Melinda Jennison [00:51] Stagnant Activity [02:24] Surge Of Buyers Unexpectedly [03:33] Low Listing Environment [05:17] Pressure On The Rental Market [08:01] What’s happened in Greater Brisbane since the start of Covid. [08:24] Is Brisbane becoming a big grown-up city not a regional town anymore? [14:26] What would people want in Brisbane? [18:11] South facing is the most desirable orientation in Queensland. [33:58] What’s happening to the investment side of the market? [40:40] Are investors running for the hills in these markets? [44:49] Why we go nowhere near these types of agents [53:07] Who’s going to buy the property if you have to sell it? [56:54] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/264 If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

A vendor's advocate represents you in the sale of your home or any investment property. Their work is to give you peace of mind and confidence by ensuring your selling agent is actually working for you and doing everything possible to achieve the highest price for your property. In today's episode, we are joined by Fiona Martin, owner and director of Golden Alliance. Fiona has been in the industry for nearly 15 years now and we're thrilled to have her on the show to educate us more on Vendor Advocacy. Tune in as we elaborate further on what a Vendor Advocacy does, how do they create a positive impact in the property investment community and so much more! See you in the episode! About our guest: Fiona Martin is the owner and director of Golden Alliance - a licensed real estate agent who has been in the industry for nearly 15 years. Fiona is one of only a handful of agents who only do the end vendor advocacy, nothing else. Link to Fiona’s website: https://goldenalliance.com.au/ Episode Highlights: 00:00 What Is A Vendor Advocate? 00:19 Introduction To The Elephant In The Room 01:00 Introduction To Fiona Martin4. 03:35 It’s A Collaboration Between The Agent, Vendor and, Vendor’s Advocate 05:03 How Do You Know If An Agent Is Doing Their Job? 06:30 Not Needing To Check Up During Campaigns 10:04 Good Vendor Advocacy 13:59 How Did You Feel About The Recent Boom In Property Selling? 25:27 Beginner Experience As A Property Seller 27:41 Buyer’s Agent Lack Of Experience 33:52 Agents Common Mistakes In Selling 41:08 Real Estate Matters More Than Ever 45:23 Market Catch Up Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Youtube Channel: https://www.youtube.com/channel/UCy5458Q5ObYFeQ8UJJchaRQ Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/263 If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Many Buyers Agents work hard to attain their qualification... only to find themselves feeling unequipped to actually do their job well, and advocate for what might be the biggest decision of their client's lives. No career is easy, and the role of Buyers Agent is no exception. Long hours, constant property hunting, uncertain income, endless research... the list goes on. In an industry full of lone rangers and micro-businesses with limited resources, it's hard for people starting off to find employment and learn from experienced practitioners. This episode is for you, whether you're currently working as a Buyers Agent, thinking of becoming one or considering hiring one. We discuss the difference between those who learn purely through trial and error and those who benefit from being mentored. See you in the episode! Episode Highlights: 00:21 Welcome to the Elephant in the room (Introduction) 00:39 Chris Bates introduction 01:39 Chris Working As A Buyer's Agent 06:39 Lack of knowledge from a buyer's agent 10:38 Having A Buyer's Agent Just Saves You More Time 15:20 Buyer's agents choosing buyers 17:22 Short term measures in properties 20:42 Doing the extra mile for clients 24:11 Learnings of a buyer's agent 33:18 The capability of one buyer's agent - by the book 39:39 What to look for in an agent? Here's a tip for you! 41:54 Limitations in the property business 46:59 Motivation and mentality 47:32 What I want, I bargain and I get it. 56:37 Your guide in buying a property Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/262 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Truthful and honest real estate agents are a rare commodity in the property market. Finding agents willing to call a property what it is, for the sake of the people involved, and not just about the potential commissions one could make is quite challenging. And so we’ve brought in David Murphy, a genuine career agent who has captured our attention through his weekly newsletters that cut through the crap, to join us in our episode today. We talk about his very matter-of-fact approach as a real estate agent, his sharp and honest perspective on the behaviours displayed by buyers and sellers alike, and why people are at the heart of real estate (not houses). If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Welcome to The Elephant In The Room [00:00] Truth and honesty are what people want in agents [2:10] How sellers can pick the right agent [6:46] Dealing with property issues with the seller [10:33] Unrealistic expectations during the buying and selling journey [15:15] Agents using fear during a market that turns down [16:35] Understanding the power of established markets [21:30] Frustrating buyer behaviour [24:36] What if agents show preference over buyers [27:52] The bigger picture of real estate [33:06] What is really frustrating with vendors [37:02] Buyer’s agents [43:07] Is every property a good property? [46:19] The drive behind David’s resilience to stay independent [52:13] Access to people makes a real estate agent’s job worth it [57:13] About our Guest: David Murphy’s passion for property saw him join a successful local agency at just 19, where he was trained and mentored by one of the area’s leading real estate identities and received numerous sales awards. David’s drive to make his mark on the industry saw him start his own agency in 2007, bringing his honed sales expertise and intimate local knowledge to his network of clients. Since then he has proudly nurtured a close-knit team who are known for championing an exceptional client experience in addition to achieving market-leading results. David now regularly rates among the most recommended agents and agencies in Mosman according to ratemyagent.com.au. Both the agency’s sales business and the property management department that followed have grown organically over time, driven by a corporate culture that is encouraging, progressive and client centric. Achieving his goal of becoming the leading independent agency in Mosman, David is dedicated to giving back to the local community that has been so supportive of the agency. A lifelong Lower North Shore local, he thrives on building relationships and relishes the challenges of negotiations, aiming to position himself as a trusted long-term real estate advisor to his clients. Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/261 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

We may soon be able to hop in an air taxi and cross the city in a fraction of the time it takes to cross congested roads thanks to driverless cars and drone deliveries. How will this affect our airways? Does it affect the view, the noise, or the privacy? Or safety? What effect will this have on property values? In this episode, The CEO of Skyportz, Clem Newton-Brown, discussed the possibility of air taxis revolutionizing aviation transportation within the next ten to thirty years. He also shared that the idea of air taxis has been in development since 2015, when Uber introduced the concept and many more. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Air Taxi Revolution Becoming Mainstream [02:21] Convey Commercially Certified Type Passengers [08:26] The Frontrunners are Already Flying [14:01] The Game Changing Cost [18:18] Federal Governments Interested in Regional Connectivity [20:24] This Aerial Revolution Will Change Tourism [25:17] Building Charging Stations To Be Ready for Electronic Aviation [30:12] Breaking the Annexes Between Aviation and Airport [37:19] Juggling with the Great Unknowns [49:56] The Big Hold-Up are the Regulators [52:50] About our Guest: Clem Newton-Brown is the CEO of Skyportz. He has undertaken a new era of advanced aerial mobility in Australia and now in Asia is identifying suitable landing sites that could help establish the initial landing infrastructure. He was Deputy Lord Mayor of Melbourne Member of Victorian Parliament, and barrister specialising in planning and property development. These experiences puts him at the forefront of the emerging aerial mobility industry.Visit the Skyportz to learn more: https://skyportz.com/. Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/259 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Property bears who predict that the Australian property prices will nosedive to 40% will often refer to what happened to the American property market in the mid 2000s… Is this basis reliable? Are the circumstances in both property markets similar to encounter the same outcome? In this episode, we are joined by David Sidoni, the host of How to Buy a Home Podcast, to do a comparative analysis on the Australian and American property market. We discuss the government’s control over property prices, home loan rates, drivers of property prices, buyer’s agents and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The Great Financial Crisis [02:29] Mortgage rates in the U.S. [11:29] Economic slowdown amid inflation [19:14] The Airbnb space [23:24] The role of the buyer’s agent in US [24:46] Government manipulation of interest rates [32:18] What is the 1031 Exchange? [34:54] Closing costs, explained [41:12] What caused the Great Recession? [43:45] “Rent back”: the natural process of a sale [50:00] David’s property Dumbo [52:57] About our Guest: David Sidoni began his real estate career in 2005 and after serving hundreds of first time home buyers in southern California, in 2019 he decided he was sick and tired of seeing first time home buyers being treated like garbage by the real estate industry. He kept seeing them passed over by the experienced Realtors and used as gunnie pigs for brand new agents to “get their feet wet” and learn how to be Realtors. Well, he didn’t have time to retrain an entire industry, so he decided to start the How to Buy a Home podcast and peel back the curtain for first time buyers and let them know the insider secrets on how to find the rare professionals that would give them the service they deserve. Now with almost 800,000 downloads and hours of free education and videos at www.HowtoBuyaHome.com the revolution has begun and first timers all over the US and Canada are getting empowered with real expertise from a true advocate for all frustrated renters seeking real, quality information and guidance Links from the show: How to Buy a Home https://www.howtobuyahome.com/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/259 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more! See omnystudio.com/listener for privacy information.

Regional Australia outperforming the capital cities in both sale and rental price growth remains to be one of the major phenomena of the country’s great property boom in 2021. However, property prices in regional markets are showing signs of a nosedive. Additionally, the return of immigration might worsen the already severe rental crisis soon… In this episode, we are joined by Paul Ryan, an economist at REA, to talk about what else we can expect in the Australian housing market in 2023. We discuss measuring rental prices, rent inflation, regional versus capital markets, regional sale prices and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The effects of remote work on housing prices [04:16] The demographic change in regional areas and capital cities [13:08] Current buyer behaviour in auctions [21:08] Seller intentions: checking property valuations [26:40] Why it’s taking longer to sell homes [30:25] Interest rate targeting of inflation [34:53] Measuring rental prices [39:54] Conversion rate of appraisals [34:45] A period of uncertainty in the property market [47:49] Paul’s Property Dumbo [53:05] About our Guest: Paul 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. Links from the show: https://www.realestate.com.au/insights/what-rent-inflation-isnt-telling-you-about-the-extent-of-the-rental-crunch/ https://www.realestate.com.au/insights/five-ways-covid-changed-the-property-market/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/258 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Interest rates have been rising every month since early this year… To make matters worse, inflation is also yet to be under control. How vulnerable are homeowners and investors in a high inflationary environment and what do we need to be most worried about? Senior Economist at the Commonwealth Bank Belinda Allen joins us today to talk about Australia’s current economic landscape… How can we measure the impact of rising interest rates on household spending, mortgage arrears and the erosion of our buffers? We discuss the lag effect of interest rate rises, household spending intentions, inflationary pressures and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Belinda Allen’s overall observation on 2022 [01:44] The fundamental drivers of inflation [07:04] Limiting household spending to maintain buffers [11:53] Wage growth in Australia [21:30] How immigration impacts population growth [24:40] Global inflation and the volatility of financial markets [27:22] Economic growth’s effect on climate change [31:52] Banks’ responses to problem hotspots [38:39] Higher retail spending during Christmas [48:04] Why forecasting during COVID was difficult [49:19] The biggest challenge is getting the pricing right [56:12] About our Guest: Belinda Allen is a Senior Economist at the Commonwealth Bank. She has extensive experience as a financial markets economist. Belinda joined the Commonwealth Bank in 2017. Her work primarily involves developing and communicating views on the Australian and international economies. Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/257 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

All seasoned investors know that commercial property is a high-yield investment that typically offers the potential for higher rents than residential property. Despite its promising opportunities, however, investing in commercial property also entails risks. In this episode of The Elephant in the Room, commercial property specialist and host of Rethink Property Investing Scott O’Neill joins us today to talk about the commercial space. What are the advantages and disadvantages of investing in commercial property? We also discuss the ideal investor profile that’s best suited for commercial property investment, how to avoid the risks, the best market conditions for retail, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: What drove Scott O’Neill into the commercial property space [01:39] Why commercial property investment is a moving target [05:58] Ensuring higher yields in your investment [10:00] Doing due diligence [14:28] The current market conditions for commercial properties [21:20] Trends Scott O’Neill sees in the current property space [24:02] The ideal profile of a commercial property investor [30:56] Restructuring your investment portfolio [35:46] Understanding the financial element of commercial property investment [40:23] What’s a good location for a commercial property? [43:23] Scott’s property Dumbo [45:23] About our Guest: Scott O’Neill is a professional property investor, author and the Founder and Director of Rethink Investing. Rethink Investing is a BRW Fast 100 company (2017 & 2018) and Australia’s number one buyer’s agency for commercial property investors. Rethink Investing has helped over 3,050 clients purchase over $2.5 billion in real-estate since 2015. Scott also hosts the top rating podcast: Inside Commercial property https://www.rethinkinvesting.com.au/podcast/. Links from the show: Inside Commercial Property Podcast (https://www.rethinkinvesting.com.au/podcast/) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/256 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

The NSW Government has just passed a legislation allowing first homebuyers the opportunity to choose… Should property purchasers save up another 5% on top of their deposit for stamp duty? Or commit to an annual land tax bill of a much smaller amount? In this episode of The Elephant in the Room, Chris and Veronica discuss what the NSW legislation really means for first homebuyers. Should they pay their stamp duty or land tax? What are the pros and cons of both options? If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: New South Wales’ new tax legislation [1:06] Stamp duty versus land tax: how are they calculated [04:00] How will this impact investors [12:34] Veronica’s Property Dumbo [16:33] The impact on borrowing capacity [21:36] Three groups of buyers impacted by interest rate rises [25:09] Focusing on quality assets rather than panic buying [30:35] Making the right choice [35:04] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/255 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Property investment is a high-risk venture that even the most seasoned investors remain on the lookout for new learning opportunities. Wherever you are in your investment journey, it is essential that you prepare and become adaptable to market changes. In today’s episode, we will be answering some of the most common questions we receive from investors and homebuyers. We tackle concerns about risk management in property investing, the pros and cons of buying a family compound, buying a high-return property on a low income, avoiding fad design trends, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Using equity to borrow-invest a million dollars [01:02] How can low income families start investing in property [11:20] Understanding the role of real estate agents [15:53] Fad design trends vs timeless designs [17:53] Problems with long-term property plans [24:11] Potential opportunity costs [29:19] The risks of family consortium [32:56] Roof gutter downpipes as flood preparation [42:03] Buyer’s agents to get a competitive market advantage [46:59] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/254 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Inflation, rising cost of living and interest rates… Signs of a global looming recession have never been more palpable. As a result, many Australians question: amid all this negativity, where are we heading to? In this episode, Chief Economist at Jarden Australia Carlos Cacho joins us to weigh in on the current state of the national economy. Despite these difficult circumstances, is there a light at the end of this tunnel? We discuss what’s going on in the property market, consumer behavior and why spending is unaffected by low consumer confidence, labour shortages in Australia, and how inflation can lead us to a potentially worse economic outcome. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The global shift around goods versus services: [02:21] Why is Australia more affected by rising interest rates [05:38] Does consumer confidence impact spending? [09:18] Should Australians worry about inflation? [11:34] Looming recession amid rising unemployment and wage hikes [14:34] Labour shortages in Australia [18:08] The current pressures on the rental market [22:00] Where the national economy is heading to [27:24] The state of the property market [35:44] Changes to buyers’ borrowing capacity [47:00] Carlos’ Property Dumbo [54:52] About our Guest: Carlos Cacho is Chief Economist and Bank Analyst for Jarden in Australia. 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. Links from the show: Australia’s Economic Recovery | Carlos Cacho, Jarden Group (https://www.theelephantintheroom.com.au/podcasts/177) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/253 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

We are ending October with another Suburb Help episode! This time, we’re talking about property price movement…is the data accurate? Joining us to discuss this breakthrough research is none other than our resident data geek, Kent Lardner. We talk about the various patterns that reveal which segments of the market are heavily affected in a slowdown. We also reveal areas that are undergoing major shifts and seeing big changes in supply, the metrics to identify better quality property investments, finding the right timing in a property boom, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Five markets that have undergone major shifts [03:50] The impact of the surge in listings [07:46] Your competition depends on your borrowing capacity [12:13] What’s the quality of listings in today’s market? [15:03] Is there a shift in the mentality of property owners? [24:00] How Kent Lardner sees patterns in data [27:21] Evergreen metrics: assessing supply issues [30:51] The art of finding great assets [37:24] Timing the market in a property boom [47:09] Borrowing capacity and FOMO as big drivers [55:51] About our Guest: Kent Lardner is a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China. Links from the show: Suburb Help (www.suburbhelp.com) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/252 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

With Australia being prone to natural disasters, you’d think that most homeowners would be more proactive in building disaster resilience. Unfortunately, according to a Climate Council report, the country is facing an ‘insurability’ crisis with one in 25 homes on track to be uninsurable by 2030. 83% of Australian properties are also underinsured. …And inflation and the rising costs of building and insurance aren’t making things any easier for property owners. Marty Sadlier, director of MCG Quantity Surveyors, joins us today to talk about Australia’s underinsurance problem–what are the factors that are worsening the situation and what is your responsibility as a property owner? If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Environmental factors that affect property insurance [02:09] How much should you insure your property for? [11:13] Ways you can be underinsured [15:01] A solution to Australia’s widespread underinsurance issue [23:36] Rising cost of building infrastructure [30:51] Problems in the building industry [37:38] Buyer’s borrowing capacity and responsible lending [41:16] Australians’ short-term memory [44:10] The real cost of mandatory inspections [45:52] The responsibility of the property owner [53:57] What are the things that people don’t realize are not covered by insurance? [56:56] Marty’s Property Dumbo [01:00:22] About our Guest: Marty Sadlier has over 20 years experience in the building and construction industry, commencing his career as a shop fitter/carpenter. He is a RICS certified expert witness, a Certified Quantity Surveyor (CQS) and sits on the interviewing panel for Australian Institute of Quantity Surveyors (AIQS). Links from the show: Episode 164 | Australia’s underinsurance epidemic: 83% underinsured!?(https://www.theelephantintheroom.com.au/podcasts/164) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/251 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

It is no surprise that the apartment lifestyle is gaining more popularity among many Australians nowadays. Amid the housing affordability crisis, a strata title property poses as a more convenient and affordable alternative to home ownership and property investment. The catch? Prospective buyers often have no idea of the information they need prior to purchasing. Amanda Farmer, strata lawyer and the host of Your Strata Property podcast, joins us today to talk about what property buyers should expect from buying into a strata complex, from villa units to townhouses. We discuss everything strata owners wish they knew prior to their purchase–the rules in a strata complex, building repairs and maintenance, the strata committee and their functions, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The number of owner occupiers and tenants in a strata complex [02:10] Repairs and maintenance of the common property [08:33] Rules strata owners need to comply with [14:43] The two stages in the conveyancing process [22:50] Strata committee: who are they and what power do they have? [26:17] The affordability of apartment living [31:25] What strata owners wish they knew before purchasing [35:21] The new New South Wales builder rating system [34:45] Checking your unit entitlement [45:28] Sustainability infrastructure in apartments [48:25] About our Guest: Amanda Farmer is a strata lawyer and the host of Your Strata Property. As a Fellow and Council Member of the Australian College of Strata Lawyers, Amanda advises and represents owners, buildings, developers, strata management companies and local councils. Links from the show: Your Strata Property (https://yourstrataproperty.com.au/) Your Strata Property Podcast (https://apple.co/3elgPpo) Episode 25 | What hidden dangers can lurk in brand new apartments? (https://www.theelephantintheroom.com.au/podcasts/025) Episode 103 | Strata owners - rights & obligations (https://www.theelephantintheroom.com.au/podcasts/103) Episode 151 | The Supreme Court’s pet showdown on strata property by-laws (https://www.theelephantintheroom.com.au/podcasts/151) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/250 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Is there some truth to the recent ominous forecasts surrounding the Sydney property market? Or is it simply just fear-mongering? Today, Matt Hayson, real estate agent and co-founder of boutique agency CobdenHayson, joins us to discuss what is actually going on in the Sydney property market… Is it only apt for property investors to be alarmed? We also talk about current issues with vendors as well as buyers, data lag issues, what dominates the market at the moment, and various principles that are not just limited to the Sydney property market. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The recent data lag around pricing [02:42] How big has the shift gotten in housing pricing? [05:08] The expectations on buyers versus vendors [10:48] Uncertainty and volatility of the housing market [13:05] Sentiment as a major driver of life decisions [17:59] Observations about open houses [19:16] What makes a property sell at auctions despite poor market conditions? [23:46] Difficulties in both buying and selling property today [31:42] Comparing the property market in 2018 to today’s [35:08] Buyers who pay for overpriced property [39:18] The future of real estate agencies [44:23] Making the right decisions according to your timeline [50:51] About our Guest: Matthew Hayson is the founder and co-director of CobdenHayson, a progressive independent real estate network with unprecedented knowledge of Sydney's inner urban property market. With almost three decades in local real estate, Matthew is one of the most experienced and consistent sales agents across Sydney. Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/249 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

The housing affordability crisis in Australia is putting immense pressure not only on home buyers and owner-occupiers but now on renters as well... Is the solution to Australia's property woes really just to build build build? In this episode, Chris Leishman, professor of Property and Housing Economics, joins us to talk about the current housing and rent affordability crisis… How should our policymakers address this worsening issue in the housing market? We also discuss the state of declining economic productivity, possible policies and plans for social and public housing, and what millennials think of owning housing assets. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The worsening rental affordability crisis [02:37] The future of working from home [06:46] How to model housing need [11:50] Is the supply shortage the main problem behind the affordability crisis? [14:08] The practicality of implementing the vacancy tax [21:24] Will a reverse mortgage be helpful? [23:55] The dispensability of properties in Australia [27:05] The state of Australian productivity [31:24] How to move forward with public housing [38:45] Long-term solutions for the housing crisis [43:23] Will higher interest rates slow down inflation? [52:22] Chris’ property Dumbo [56:02] About our Guest: Chris Leishman is a professor of Property and Housing Economics at the University of South Australia. He is also a non-executive director of Housing Choices Australia – a not for profit community housing provider active in South Australia, Western Australia, Victoria, New South Wales and Tasmania. Links from the show: Chris Leishman https://people.unisa.edu.au/christian.leishman#Outputs Housing Choices https://www.housingchoices.org.au/about-us/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/248 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Suburb Help is back and in today’s episode, we talk about the top ranked streets in the suburb! Whether you’re a prospective buyer or a home-owner thinking of selling, knowing the street’s value range can help you make informed decisions about your property investment. Our resident data geek Kent Lardner has got you covered with his latest report on the top streets in the suburb for yield. We look at both the best and worst streets in five suburbs–Newport, Newtown, New Lambton, Balmain, and Coogee. Aside from the methodology of Kent’s analysis, we also discuss its limitations and how human behaviour comes into play. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Top Streets Report: the methodology and limitations [01:04] The best streets’ turnover rates [04:33] Compositional bias in the suburb [10:52] The problem with machine learning in inventory forecasts [15:10] The value of the human element [19:13] Newport: The best and worst streets [22:19] Suburb report on Newtown [32:31] Understanding the zoning in New Lambton [39:04] Balmain: The best and worst streets [44:29] The challenge with investing in Coogee [50:55] Where to download the Top Streets report [50:26] About our Guest: Kent Lardner is a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China. Links from the show: Suburb Help (www.suburbhelp.com) Suburb Trends www.suburbtrends.com.au Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/247 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Although rarely proven to come true, predictions by big banks are not merely speculative, but forecasts backed up by research and data… But how exactly do bank economists come up with these property forecasts? Felicity Emmett, Senior Economist at ANZ, joins us today to reveal the process big banks use to create housing market predictions based on the Australian economy… What data and key inputs do bank economists use for forecasting and analysis? We also discuss the impact of property market forecasting on consumer confidence, the relationship between inflation and interest rates, and the current housing affordability crisis. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Why do big banks create property forecasts? [01:39] Challenges bank economists encounter with forecasting [03:46] Inputs into the forecasting process for the housing market [07:01] The impact on house prices on consumer confidence [13:35] The relationship between inflation and interest rates [19:29] Consumer confidence in the property market [24:17] The effect of capacity constraints in the economy [28:24] Why it’s important to keep inflation down [32:30] The current housing affordability crisis [34:20] The effects of regulatory changes [38:42] Who is the vulnerable sector in a possible recession? [44:00] Stimulus measures to stabilize prices [48:08] Why makes forecasting difficult to achieve accuracy? [50:36] About our Guest: Felicity Emmett is Senior Economist in the Australian Economic team at ANZ. With more than 20 years of experience as an economist in financial markets, Felicity is responsible for analysis and forecasting of key Australian macroeconomic indicators, as well as thematic research on the Australian economy. She also provides specialist analysis on topical issues, including the housing sector and the policy outlook. Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/246 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

When you’re looking for the “perfect” house, you also factor in the neighborhood it belongs to—the living environment, the people, the amenities… Your relationship with your urban environment significantly affects your life. …So what can you do to help contribute to creating a sense of community in these shared spaces? Kylie Legge, the founder and CEO of placemaking consultancy Place Partners and innovative data insights company Place Score, joins us today to discuss the role of the community in urban planning and design. We talk about the diversity of communities and their needs, placemaking as a collaborative process, the role of smart cities in improving society, and whether urban renewal is the right approach going forward. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: How community builds the community [02:03] What is placemaking? [04:32] Densifying neighborhoods as an opportunity [13:20] Building an ideal neighborhood [16:18] The role of councilors in urban planning [22:31] Making your own environment more livable [26:47] Building Place Score’s credibility [33:15] Kylie Legge’s journey into placemaking as a field of work [39:22] Exploring the diverse cultures of different communities [44:56] Managing rate increases to increase livability [48:41] Place Score’s 2022 Liveability Census [54:44] About our Guest: Kylie Legge is the founder and CEO of placemaking consultancy Place Partners and innovative data insights company Place Score. She is passionate about fostering the connection between people and their urban environments and finding better ways to work together in improving shared spaces. Links from the show: Place Score https://placescore.org/elephant Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/245 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Due to rising property prices, rent hikes, plummeting vacancy rates, many Aussies are now at risk of being homeless. Homeowners and investors may think they're immune, but are we really safe from the ripple effect? Michele Adair, CEO of Housing Trust, joins us today to discuss the worsening housing affordability crisis... What long-term impact does this issue have on our society and how will this affect our lives–regardless if you’re a homeowner? We also look into the pressure of rising rent on lower income households, the current situation in the Illawarra, COVID-19’s impact on homelessness as well as its correlation to our current labour crisis. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The real situation in the Illawarra [02:07] How has the profile of people facing homelessness changed? [07:44] The effect of rising interest rates on investors [09:43] Finding a win-win solution to the housing crisis [17:39] The role of community housing providers [20:34] Why has the government failed to address the housing problem? [24:55] How can the build to rent sector alleviate the housing crisis? [34:03] The need for change in social attitudes [42:32] The REAL cost of the housing affordability crisis [44:31] What role do councilors play? [51:16] About our Guest: Michele Adair is the CEO of Housing Trust, an organization that builds and manages affordable rental housing for people on very low to moderate incomes. Michele has Master’s degrees in Management and in Public Advocacy & Action, and is a Graduate of the Australian Institute of Company Directors. She was also recognised as the Outstanding Business Leader in the 2021 Business Illawarra awards. Links from the show: The Elephant in the Room | Episode 66 https://www.theelephantintheroom.com.au/podcasts/066 The Elephant in the Room | Episode 191 https://www.theelephantintheroom.com.au/podcasts/191 Housing Trust (https://www.housingtrust.org.au/) Power Housing (https://www.powerhousingaustralia.com.au/about-us/) Community Housing Industry Association (https://www.communityhousing.com.au/) CHIA NSW (https://communityhousing.org.au/) CHIA Vic (https://chiavic.com.au/) CHIA Queensland (https://www.communityhousing.com.au/chia-queensland/) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/244 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

With interest rates, mortgage debt, and housing prices rapidly surging, many Australians wonder whether and when the bubble is going to burst… The question is: how can property remain affordable without causing a price crash, especially when two-thirds of the population are owner occupiers? Known critic of modern economic theory Steve Keen joins us today to reveal everything mainstream economists get wrong about the property industry. He shares his insights on the possibility of a property crash and how first-home owners might be vulnerable. We also discuss the rising level of household debt, what it can ultimately result in and how the government can intervene. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: What Economics professors get wrong [02:36] The determinant of change in property prices [06:16] On measuring household debt [09:01] Why first-home buyers are vulnerable to rising debt [14:09] What can trigger a price crash, aside from a debt crisis? [18:50] How the government can stimulate property demand [20:27] Getting inflation under control [23:56] The possibility of a property crash in Australia? [28:45] Steve’s Senate election pitch: money creation [32:59] The need for a modern debt jubilee [35:37] The current state of consumer confidence [38:14] The issue with government debt [40:44] Sustainable long-term solutions to housing [53:54] The economic impact of climate change [57:34] About our Guest: Steve Keen is a heterodox economist and an author. His two most famous books, Debunking Economics and The New Economics, are both critiques of modern economic theory that discuss debt deflation and financial instability. Dr. Keen was a professor at the University of Western Sydney and Kingston University in London. Now, he is leading the development of Minsky, a software platform for visually modeling national economies. Links from the show: Steve Keen TNL Housing Policy: https://bit.ly/3PvH1dn House prices to fall 40%. Prof Keen says RBA is 'brain dead': https://bit.ly/3T4JHBY Steve Keen's Debtwatch: https://bit.ly/3QS7gvz Steve Keen’s Profile: https://www.keenforthesenate.com/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/243 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

What is a “trusted agent”? …And do they even exist in this age of readily accessible information? Sean Scoffield, the host of The Trusted Agent Podcast and the National Sales Manager of RESO – a digital real estate sales platform – joins us today to talk about the evolving role of real estate agents… Are they getting better or worse? We discuss the factors that make a real estate agent “trustworthy”, how AI does some things better than agents, buyers’ perceptions of agents, and whether or not agents are becoming obsolete. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Identifying a ‘trusted’ real estate agent [04:14] Agents’ edge against technology [07:19] Understanding the role of real estate agents [13:20] Why buyers don’t trust real estate agents [17:53] The problem with untrusting buyers [19:06] How AI provides buyers with transparent offers [22:47] Transparency isn’t always a good thing [28:44] Are people missing out on a good market? [34:45] 5 signs of an agent you can trust [39:04] How agents can beat the rise of AI in real estate [44:48] Sean’s property Dumbo [46:23] Avoiding settlement risks [50:26] About our Guest: Sean Scoffield is the host of The Trusted Agent Podcast. He is also a Business Consultant, currently working with Real Estate Principals, Sales Agents and Property Managers helping them form stronger connections with their Team, their Clients and their overall Mission & Purpose. Links from the show: The Trusted Agent Podcast (https://apple.co/3vWPU8T) Reso Website (https://reso.com.au/) Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/242 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

We’re quite aware here in The Elephant in the Room that a lot of aspiring first time property investors are more likely to devour strategies and case studies that ‘Property Superstars’ and TikTok influencers put out. …But are we missing something important by listening to all these success stories and strategies? Tyrone Shum, the host of one of Australia’s most popular property podcasts, Property Investory, joins us today and he makes a bold claim: He’s NOT a property expert! – BUT he’s long held a passion for real estate and that led him wanting the story behind the success of investors. In this episode, we’re dissecting the hundreds of stories Tyrone has heard – Which property investment strategies stood the test of time? What can we learn from these investors’ failures? Should we believe every success story we hear? If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Measuring ‘success’ in property investors [02:01] The problem with leveraging success stories [07:09] Can Aussies still get rich in property investing? [10:55] How investors are using their stories as a PR strategy [13:33] Strategies that investors use in 2022 [18:34] Why listening to investors’ failures and challenges brings more value [25:10] The ‘seagull effect’ in real estate [32:17] Is ‘flipping’ houses a reliable strategy? [35:20] Tyrone’s thoughts on ‘hotspotting’ [40:20] Is moving to commercial property a good move? [45:50] Does rentvesting still make sense in 2022? [48:23] The truth behind ‘success stories’ [50:32] Tyrone’s property Dumbo [57:36] How to protect yourself from shady property ‘mentors’ [01:00:02] About our Guest: Tyrone Shum is the host of a very popular podcast show called Property Investory receiving over 2.6 million downloads showing to property investors the latest stories, strategies, and examples from Australia’s most innovative property experts. On the video front, he is also the creator of two extremely popular YouTube Channels receiving over 1.8 million views and over 16,500 subscribers, showing vast experience with engaging viewers online. Tyrone has been interviewed across 30 different podcasts from around the world, featured on numerous world-class blogs and invited to speak at numerous events with over 100 attendees. It has not always been this way. He’s been through many challenges from losing a job working in a recruitment agency to closing down a toilet deodourising business and making a loss of $24,000 during the Global Financial Crisis. This helped him overcome adversity, learn from his mistakes and now help universities and government organisations excel. Links from the show: Property Investory Podcast: https://propertyinvestory.com/podcasts/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/241 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

“Australians have a genetic defect – this love affair with property” Today’s episode is an extra special one as we’ve invited the principal of Motivated Money, Peter Thornhill, to give you a heads up: he’s not a huge fan of property. …But what we do have in common are values around investments – that the ups and downs of the market can be linked to human behavior, there is no such thing as a market “crash”, and long-term investing is the surest way to tap the market’s riches. Tune in as we talk about his insights on the difference between investing in real estate versus shares, the volatility of the market, renting your lifestyle, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The problem with Australians’ love affair with property [02:41] How offshoring affects Australian economy [05:14] On Australia’s Super system [10:20] Do you need property as an investor? [14:13] Issues with the new generation’s mindset around property and finances [18:00] Addressing the share market volatility [26:10] Cash accumulation between property and shares [30:48] Media headlines and rising interest rates [33:30] Financial advice for young families [36:41] How to get started with investing in the share market [41:40] Using dividends to pay off your mortgage [45:09] Stocks vs ETFs [49:19] Letting cashflow roll from investment companies [52:29] Picking the right companies to invest in [55:07] Chasing yields is a trap [55:46] Rent your lifestyle [01:00:05] About our Guest: Motivated Money gives people the knowledge to make informed investment decisions. Its principal, Peter Thornhill has delivered 1000's of presentations over the years to all types of investors. Peter helps people achieve an exciting dream in a very boring way. In his words “I prefer the safety and security of the sharemarket to risky assets like term deposits.” Does that sound strange? For many it will, and that’s why Peter’s boring solution has captivated audiences around Australia. Links from the show: Motivated Money website: https://motivatedmoney.com.au/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/240 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Climate change has significantly impacted residential property: Constant house repairs, increasing energy bills, and more areas becoming uninsurable. …It feels like something needs to change. Will our policymakers be able to keep up? Today, we’re talking about the impact climate change is (or should be) having on housing policy. Nicki Hutley, a highly experienced economist and Councillor on the Climate Council, joins us today to talk about the extent of the climate change problem, what the government is doing, existing initiatives, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The extent of the climate change problem [04:01] What will happen to property values in ‘uninsurable’ areas? [08:05] The politics behind climate change decision-making [13:54] NSW initiative on sustainability [20:01] Raising awareness on climate change issues [26:19] Climate change damages: Repairs vs Mitigation [30:56] Nicki’s Property Dumbo [37:18] About our Guest: Nicki Hutley is a highly experienced economist with broad-based expertise in macroeconomics and microeconomic policy, gained over three decades in financial and investment markets and in economic consulting. After many years in the corporate world, including most recently as a partner with Deloitte Access Economics, Nicki is now an independent economist, advising governments, businesses and not-for-profits. She is also a Councillor on the Climate Council. Nicki holds an Honours degree in Economics. In 2021, she was elected President of the NSW Branch of the Economics Society of Australia. Nicki is a frequent commentator in the media and is a regular guest on The Drum and The Project. Links from the show: Visit Nicki Hutley’s website: www.nickihutleyeconomics.com.au A River with a City Problem by Margaret Cook: https://bit.ly/3olYKJ7 Ep 228: https://www.theelephantintheroom.com.au/podcasts/228 Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/239 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

We are currently in a phase of living with COVID, and while it’s too early to call it a ‘post-COVID’ era, what could that period look like?’ And how will the property market adjust? Simon Kuestenmacher, the Director of Research at the Demographics Group is returning to the show. He shares his insights on the current state of affairs in Australia with borders opening and migration slowly returning to full swing. We also talk about the status of the labour force, shifting family formations, the recent elections, and a heap of other topics! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: Overview of what’s happening in Australia [01:49] Can we still hope for supply chain issues to get resolved? [06:03] Australia’s reputation after the lockdowns [07:46] Selling Australia’s image and attracting global talent [12:06] The shift in settlement patterns after COVID [14:17] Solving demographic and climate change issues [19:29] Can the senior population be convinced to downsize? [25:25] Millennials settling in areas outside the business district [30:45] The future of work flexibility [35:57] Office vs remote work [37:31] Is a ‘Great Resignation’ really happening? [41:09] Building a healthy work environment [46:30] Simon’s thoughts on the 2022 election [51:25] On voter personalities and existential crises [55:18] Putting the Labor Party under a microscope [01:00:00] About our Guest: Simon Kuestenmacher is the Director of Research at the Demographics Group. He has amassed 140,000 followers globally in just two years. They enjoy his insights and his quirky observational style. He is a columnist for The Australian on demographic trends and urban development. Links from the show: Visit Simon’s website: https://www.simonkuestenmacher.com/ Check out The Demographics Group: https://www.tdgp.com.au/simon-kuestenmacher Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/238 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.