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

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.

Inflation is up, there’s a rental crisis across the country, and interest rates are rising for the first time in a decade – with all the negativity around the property market, how can we make sense of it all? Friend of the show and Head of Residential Research Australia at Corelogic, Eliza Owen, joins us today as we try to unravel what’s happening in the market… with accurate data and minus the media hype! We cover rising interest rates, falling house prices, consumer confidence, and heaps 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: Summing up the property market in 2022 [01:42] Effects of limited buying capacity on property buyers [05:28] Can falling house prices be a good thing? [09:36] How shifting household formations is driving up property demand [12:59] When will the interest rate cycle normalise? [17:33] How multimillion-dollar properties losing value affects property data [23:10] Real estate conditions in regional Australia [30:39] New building dynamics in coming years [36:02] Is housing quality compromised for first home buyers? [39:26] On Australia’s rental crisis [43:11] Are Australians slowly getting used to interest rate rises? [45:56] What recent history tells us about timing the market [51:19] More factors affecting the property market [55:20] Correlation of mortgage repayments and interest rates [58:00] Effects of job swaps and wage increases [01:02:13] About our Guest: Eliza Owen is the Head of Residential Research Australia at CoreLogic. She has a wealth of experience in property data analysis and reporting. Eliza worked as an economist at Residex, a research analyst at Domain Group and previously as the commercial real estate and construction analyst at CoreLogic. Eliza is passionate about economics, and is a popular keynote speaker, having presented to thousands across the real estate, finance and construction sectors. Links from the show: CoreLogic Website 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/237 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

This is an interesting episode with our resident geek, Kent Lardner as we roll out Suburb Help – a little project we have to help investors make better decisions about where to invest. Today is all about Australia’s rental crisis: What’s driving up rental prices? Which areas have the highest vacancy rates? Is the same happening in places outside the country? Tune in to hear all about Kent’s invaluable research data and insights! 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 is Suburb Help? [00:56] Are rents really at record highs? [03:44] Rental challenges in regional areas [05:49] Effects of Australia’s rising rental demand [09:26] Rental Crisis: A series of poor decisions [13:46] Build to Rent schemes & Social Housing programs [17:08] Regional areas with the most rental growth [21:05] Which market segment will see the most rent increase? [24:53] Current areas with high vacancy rates [27:48] The problem with Build to Rent schemes [31:06] Income lost due to rent rises [37:11] Is the rental crisis happening in other countries? [39:43] Solving Australia’s rental crisis [41:13] The advantage of having the right data and expert help [44:31] 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 Website 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/236 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 love tackling questions our listeners sent in – and today, we’re answering some of them (plus a slightly controversial one towards the end!) How do company title properties compare to strata title properties? What makes an A-Grade property? Is there a way to make land tax less frustrating? Tune in as we take on these questions 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: ‘Company title’ property: pros and cons [01:00] Company Title VS Strata Title [04:22] Is the property market boom NOW? Should you sell? [10:30] Getting the price right in a rapidly shifting market [15:57] Determining A Grade Property [21:19] Are A Grade properties only found in premium suburbs? [25:46] Getting an A Grade property in Sydney [32:22] Landtax thresholds and rates [38:48] Issues on tenancy and society [45:51] Financial inequality in Australia [49:25] Rezoning and NIMBYism [55:06] Links from the show: Veronica’s article on land tax Your First Home Buyer Guide Podcast Episode 40 Ep 31: New ways for people to get onto the property ladder Ep 80: Is co-living the answer to housing our housing crisis? Ep 104: Build-To-Rent the new standard for renters Ep 108: Assembling Communities Ep 215: The Impact of Build-to-Rent Properties on Mum & Dad Investors Ep 230: Debunking Australia's Property Investing Myths Ep 66: What's causing Australia's housing affordability crisis? Ep 111: Homelessness, Housing Affordability and Protecting YOUR Future Ep 191: The Growing Housing Affordability Crisis Ep 89: Australia's home ownership crisis Ep 205: Should You Be Worried About Australia's Affordability Crisis? Ep 224: Debrief: The Falinski Report on Housing Affordability in Australia Ep 227: How Inflation and Interest Rate Rises Affect First Home Buyers Ep 231: The Sketchy Economics of Real Estate Ep 234: The Australian Dream of Home Ownership: Less Realistic Than Ever? 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/235 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 the economic headwinds caused by rising interest rates, ballooning inflation, and wage stagnation, is it time for the majority to face reality and retire the great Australian dream of home ownership? Are government initiatives enough to ease the housing affordability crisis? Will there be any real housing policy changes after the elections? What should homebuyers do as prices increase? Brendan Coates, the Economic Policy Program Director at Grattan Institute, joins us in today’s episode to help us understand the economics behind the housing affordability crisis, government responses, inflation, 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: Insights on election pitches around housing [02:05] Housing shortage & the lack of first home buyers [05:19] Will Australia see any REAL housing policy changes anytime soon? [10:02] Will the rate of renters in retirement go down eventually? [16:12] The myth around the demographic of first home buyers [19:43] Western Australia’s and Victoria’s housing schemes [24:27] Should you worry about inflation and rising interest rates? [30:58] Financial moves homebuyers should do amid the inflation [36:49] What’s driving house prices to go up? [41:15] Can we ever go back to a low-interest world? [46:50] Why have wages in Australia stagnated? [53:26] Defining productivity from an economic perspective [56:05] What’s causing the inflation in Australia? [01:01:30] Does Australia have a short term migration problem? [01:05:25] About our Guest: Brendan Coates is the Economic Policy Program Director at Grattan Institute, where he leads Grattan’s work on tax and transfer system reform, retirement incomes and superannuation, housing, macroeconomics, and migration. Links from the show: Ep 89: Australia's home ownership crisis Ep 124: The new normal: will your household finances hold up? Ep 153: Accessing super for home buying? Do it or don’t? Ep 195: Is Australia Ready to Reopen? Grattan: Shared equity is a start… 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/234 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Airbnb continues to take the world by storm and with lockdowns easing up and tourists surging, the demand for local accommodation has steadily increased – but with talks of legislation limiting short term rentals coming in, how will the market adapt? How much has the short term rental market changed? Will they continue to grow after COVID? Is it still a good idea to list your property on Airbnb? In today’s episode, Quirin Schwaighofer of MadeComfy shares his insights on the future of short term rentals. We talk about how the ratio of vacancy rates and tenants shifted over the pandemic, how the Work-From-Anywhere movement boosted short term rentals, existing Airbnb restrictions in Australia, 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: How COVID impacted the rental market [02:36] Balancing out vacancy rates and tenants [07:04] Quirin’s thoughts on the Work-From-Anywhere movement [13:02] COVID’s effects on property ownership [19:12] Will legislation limiting short term rentals have a negative effect? [22:01] Australian states with Airbnb restrictions [30:14] Potential roadblocks for investors eyeing the short term rental market [37:02] Will short term rentals continue to grow? [43:31] The costs of putting up an Airbnb [51:24] How MadeComfy filters properties [54:26] Factors to consider if you want to enter the rental market [1:00:18] Quirin’s property Dumbo [1:02:53] About our Guest: Quirin Schwaighofer is the Co-CEO & Co-Founder of Australia's accommodation innovator MadeComfy. MadeComfy manages properties in the short term rental market and since its launch in 2015, MadeComfy transformed into a fast-growing and multi-award-winning disrupter of the Real Estate and Hospitality market and became an official partner of Airbnb in 2019. In his spare time, Quirin loves adventurous travel and supporting his daughters to chase their dreams. Links from the show: What sort of property makes the best short term rental? MadeComfy Website 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/233 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

There are at least three levels of government responsible for Australia's housing policy – all of which contribute to the country’s complex housing affordability issue.  Which level of government holds the most swing? How much of the decision-making is evidence-based? What are the factors considered when formulating housing policy?  Chris O’Dell of GYDE Consulting helps us understand the ins and outs of Australia’s housing policy. We talk about how the system works, rezoning opportunities in regional areas, site acquisition, 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: How many government-level decisions around housing are evidence-based? [02:14] Key features of the Greater Sydney Plan [04:13] Addressing rising prices in regional Australia [09:33] Why small town property issues don’t make a national impact [14:18] Why policy makers are missing out on opportunities in regional Australia [17:41]  Migrants’ effect on Australia’s population growth [22:21] Does Parramatta still have massive potential? [26:31] Chris’s thoughts on building supply and costs [30:14] Is land banking making site acquisition difficult? [36:00] How rezoning of greenfields will affect NIMBYs [39:46] The naivety around redeveloping Sydney [44:04] Should there be a mandate on what properties need to be built when rezoning? [56:03] Chris’s property dumbo [01:04:27] About our Guest: Chris O’Dell is a Director of Analytics at GYDE consulting in NSW. In his nearly 20-year career, he has worked across many industries including planning, engineering and transport in both the public and private sectors. He has dedicated his career to understanding and explaining how changes in policy and macro and micro trends impact the way people move, work and most importantly find homes to live in.  During his time in State Government, Chris was responsible for the creation of key State Government datasets that monitor housing activity and population growth. He now works very closely with all levels of Government, strategic planners, industry and anyone else who will listen about the importance of evidence-based decision making. Links from the show: ‘Historic’ drop in supply of new Sydney homes prompts shortage warning Info on the Greater Sydney Plan 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/232 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 enjoy conversations with economists in The Elephant in the Room podcast, we really do! – even though we rail against their persistent inability to predict the property market.  Today, we’re talking to economist Dr Cameron Murray, a specialist in property markets, environmental economics, corruption – and a bit of a maverick in his space.  We cover his views on the current state of the market, the (im)possibility of property prices going down, limiting the migration line, his proposed Singaporean housing model, 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: Cameron’s thoughts on the Falinski Report [02:07]  The causes of drip feeding [03:57] Why dropping property prices is close to impossible [07:56] Housing supply shortage and rezoning matters [14:36] Is housing affordability really a problem? [17:43] The ‘NIMBY’ phenomenon [21:58] Why Australia still has high homeownership rates [24:07] The Singapore model of housing [31:09] Australia’s grant scheme: The truth [36:45] The Nightingale housing model [40:11] Will changes in politics change the housing market? [46:52] An economist’s view on migration [50:27] Cameron’s property Dumbo [55:59] House prices vs Income [57:30] About our Guest: Dr Cameron Murray is an economist with a passion for improving society. He specialises in property markets, resource and environmental economics, and corruption. His research on grey corruption in Australia has been transformed into a book called Game of Mates: How favours bleed the nation. The book explains how the Game of grey corruption is played, how much it costs us, and what we can do about it.  Links from the show: Fresh Economic Thinking Blog Cameron’s submission to Falinski inquiry Cameron’s follow up “questions on notice” submission 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/231   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 advice is unregulated and plenty of myths surround what makes a good investment. Many of these myths are just sales talk, but people still seem to be enticed across the nation.  In this episode, we’re challenging property investing myths a lot of Australians believe – Is there such a thing as ‘the right timing’ in buying? Should you trust bank property predictions? Should you worry about rising interest rates? Evan Thornley of LongView Property Managers & Advisors joins us in providing evidence that most of these property investing myths are… rubbish! 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: Evan’s journey from tech to property [02:13] Buying the wrong property investments [06:12] What does LongView do? [09:36] Managing investors with underperforming assets [14:36] Why 71% of property investors stop at one property [18:19] How does leverage help investors? [22:02] On LongView’s vision and goals [26:21] Is the government pointing you in the right property direction? [32:42] Why traditional bank property data presentations don’t work [34:02] School zones' impact on property prices [39:19] What’s driving land value appreciation in Australia? [44:48] The myth around interest rates and buying at the ‘right time’ [47:09] Two factors that affect Australia’s rising interest rates [52:19] Waiting for property prices to fall [56:56] Evan’s property dumbo [1:03:07] Links from the show: ‘Weapons grade bulls---’: Property data challenges sales blather Will Higher Interest Rates Cause Property Prices To Fall? Episode 222: Fool or Forecaster 2022: Bank Scorecard 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/230   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

In this month’s Suburb Trends episode, we’re doing something different – suburb karaoke!  Which suburbs are performing well in May 2022? What’s happening to property prices in flood zones? Where are apartments a good investment?  Resident data geek Kent Lardner hops in as we answer property location questions you, our dear listeners, have sent in. We take a look at suburbs around Queensland, Tasmania, New South Wales, Victoria, Adelaide, 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: Should you invest in property in Ballina, NSW? [02:23] How did floods affect properties in New South Wales? [07:40] Apartment trends in Elwood, VIC [09:23] What property to buy with one million dollars [15:02] Ferny Hills vs Ferny Grove [17:40] Suburbs of Queensland [21:10] Taruna, Sandy Bay, and Hobart performance [24:11] The mass exit from Sydney to Hobart [26:42] What’s happening in Bellingan? [29:54] The neighborhoods of Victor Harbor [31:24] The future of mining towns in North Queensland [36:12] Should you buy property in Mackay? [39:56] Moving on from getting burnt out in property [42:18] The risks of getting pressured to invest in property [44:12] Links from the show: Ep 229: What History Tells Us About the Brisbane Floods 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/229   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 March 2022 Queensland floods are a reminder of how futile it is for man to try to hold nature at bay and yet for over two centuries, we’ve constantly rebuilt towns and homes built on floodplains – is it worth it?  When will we ever learn from the lessons of history? Dr. Margaret Cook, a flood historian and the author of the book “A River with a City Problem” shares the history of the Brisbane floods – how long has the flood risk been apparent? Is there a permanent solution to the flooding? What’s the government doing? 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 Margaret wrote her book on the Brisbane floods [02:06] What does “1 in 100 year flood” actually mean? [03:31] Human behavior, recency biases, and path dependency [06:56] Thoughts on why the government overlooks flood risks [12:44] Flood risks and insurance issues in Queensland [14:43] Are flood maps and weather reports reliable? [18:44] On building around nature and flood-ready homes [23:27] Managing Brisbane’s flood risk [27:20] How floods affect property prices [32:13] Small windows for big opportunities and making the tough call [38:15] Realistic predictions on Brisbane’s future [44:02] Keeping dam levels at bay [47:56] The aftermath of the 2011 Brisbane floods [51:13] Floods vs Drought: Which is Brisbane’s biggest problem? [53:31] Margaret’s recommendations for flood prevention [55:57] Margaret’s property dumbo [59:34] How banks and insurers deal with flood-risk properties [1:01:59] About our guest:  Margaret Cook is a history lecturer at the University of the Sunshine Coast (USC). She specialises in the history of ‘natural’ disasters in Australia especially floods and earthquakes. The history of floods in the Brisbane River catchment was the subject of her PhD (UQ 2018) and is now a book, A River with a City Problem: A History of Brisbane Floods (UQ Press, 2019). Her broad academic areas of interest are environmental and social history and cultural heritage with particular focus on floods, climate, cotton, water, agriculture and gender. Her research focus is environmental and social history. Links from the show: A River with a City Problem by Margaret Cook Ep 164: Australia’s underinsurance epidemic: 83% underinsured!? 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/228 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Economic headwinds are building in Australia, with rising inflation,  interest rates on the up, and low wages growth – what exactly is at stake for property owners and homebuyers?  What’s driving the global inflation crisis? Has consumer behaviour changed with high interest rates? How is the younger generation coping with the unaffordability of houses?  Joining us to talk about these issues is Saul Eslake, one of Australia’s best-known economists. We cover the challenges home buyers are facing with the current state of the economy, the effects of wage stagnation despite low unemployment, Saul’s thoughts on whether the economy will recover, 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: Saul’s thoughts on the global inflation increase [02:18] Supply chain issues and how to respond [08:52] Australia’s wage stagnation problem [12:25] How immigration affects the economy [14:51] Addressing the oil price hikes [18:53] How interest rate rises affect consumer behaviour [22:13] Will government spending create more issues at a time of high inflation? [28:06] The unusual effects of economic recession [32:02] Saul’s views on the Falinski Report on Housing Affordability [37:06] On Scott Morrison’s 5% deposit scheme [43:48] How the younger generation is coping with the housing issue [46:29] Presumed timeline on Australia’s economic recovery [48:50] Global economies Australia could mirror [56:28] About our guest:  Saul Eslake is one of Australia’s best-known economists. He’s been following, analyzing and offering commentary and advice on the Australian and other economies for more than 40 years. In July 2015 Saul started up his own economics consultancy business, operating out of Hobart, and in April 2016 took up a part-time position as a Vice-Chancellor’s Fellow at the University of Tasmania. Saul is a member of the Australian Parliamentary Budget Office’s Advisory Panel; the Australian Taxation Office’s ‘Tax Gap’ Advisory Panel; and is on the Advisory Board of Jamieson Coote Bonds, a Melbourne-based specialist bond investment manager. He also chairs the CSIRO’s Decadal Climate Forecasting Advisory Board. 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/227 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Did you know that you don’t need any qualifications to become a property advisor and provide a property plan?  What does this mean for property investors? Are property plans worth getting if you want to build an investment portfolio? What can go wrong?  In today’s episode of The Elephant in the Room, we talk about what property plans are, how advisors reel people into getting one, and if you need it at all!  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 people think they need a property plan [00:51]  The problem with financial advisors recommending property plans [03:33] Are property plans roadblocks for investment growth? [08:11] Property forecasts: Are they reliable? [12:00] Why Your Equity Matters in Property Investing [15:26] Property is NOT a last minute solution for retirement [19:24] How much time you actually need to gauge property performance [23:34] The wrong perceptions on property investing success [27:50] What property you buy makes all the difference [32:41] Property investing post-COVID [35:11] Financial advice in a nutshell [40:18]  Is getting a financial advisor and a property plan a good idea? [42:57]  The alternative to getting a property plan [47:22] Links from the Show: Episode 217: Property Advisors, Buyers Agents, and the Educational Gap Issue 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/226 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Are you considering transitioning from residential to commercial real estate investing?  How do you enter this industry? What are the types of commercial properties? When is it a good idea to invest in commercial real estate? In today’s show, we are joined by Stuart Wemyss, author of the best-selling book Investopoly. We discuss the opportunities and risks in commercial real estate, what type of investor is best-suited to investing in commercial property, how to assess commercial property, 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 misconceptions around commercial property [01:35]  Types of Commercial Real Estate: Retail property [04:24]  Risks around retail properties [07:35] Types of Commercial Real Estate: Industrial property [11:06] Types of Commercial Real Estate: Office [15:26] Commercial vs Residential property [17:49] Considering your stage of life when looking at commercial properties [20:44] The mistake of thinking too much about income [26:28] Building different asset bases [28:50] Real estate syndication risks [31:51] When to consider investing in commercial real estate [35:38] Why business owners miss the opportunity to invest in commercial [41:02] The value in building a relationship with your tenants [43:36]  Why commercial property investing is complicated [47:45] Who should invest in commercial real estate? [51:48] The right amount of resi in a portfolio [54:01] Stuart’s property Dumbo [57:15] Links from the Show: Visit Investopoly Website Ep 39: Where can you get excellent financial & property advice? Ep 126: Lending rules & predicting the property market Ep 162: Houses vs Apartments About our guest:  Stuart Wemyss is a qualified chartered accountant, independent financial advisor and mortgage broker with over 20 years experience. He founded his business, ProSolution Private Clients in 2002 and has helped hundreds of clients invest successfully.Stuart is licensed to provide financial, credit and tax advice which means he is able to give holistic advice. He has published four books including Rules of the Lending Game and the best-selling, Investopoly. He is a regular contributor to The Australian newspaper and other TV, radio and print media. 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/225 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

There IS a housing affordability crisis in Australia.  In this episode, we’re taking a look at and debriefing the Falinski report: a Federal Government Inquiry into housing affordability and supply in Australia, conducted in the second half of 2021.  What’s causing the drop in housing affordability? What does the Falinski report recommend to ease the crisis? Are there gaps in the report? We cover these and more in the show! 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: Our views on housing affordability [02:01] Declining homeownership rates in Australia [04:26]  The correlation between interest rates and housing affordability [08:16] On taxes, levies, and construction costs [10:41] The government’s role in delivering and funding housing services [14:32]  Falinski Report recommendations on housing affordability [18:04] Halting top-down impositions & loosening planning restrictions [18:09]  Holding accountability in certain areas [24:18] Addressing homelessness, critical housing, and rent-to-buy schemes [28:29] Using super to assist first home buyers in securing deposit [32:08] Will keeping negative gearing help housing affordability? [35:16] Replacing stamp duty with land tax to increase supply [38:51] Acknowledging transitional costs [41:34] Ensuring developer contributions are used on infrastructure [42:03]  Evaluating the build-to-rent sector, APRA & non-bank lenders [43:55] Monetary policies, information flow, and government support for housing [46:06] What the Falinski report does not cover [47:48] Is the lack of luxury housing causing a domino effect? [51:05] Links from the Show: Inquiry into housing affordability and supply in Australia 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/224   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Building materials have soared in the past few months due to the COVID pandemic. What major implications did the pandemic have on the building industry? How are builders and developers addressing material and labour shortages? Will prices eventually normalise? Today we’re joined by data geek Mike Mortlock of MCG Quantity Surveying to discuss the construction materials cost crisis, the current building price index, the effect of COVID on the property market, the rental loss index, 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 workforce and supply issues brought by the pandemic [01:24] How the material and labor shortage affected builders [05:23] What are builders and developers doing to calm down the cost crisis effect? [10:08] The current building price index [15:27] How local and world issues are affecting construction costs [18:14] The price differences when building in different locations [22:25] Will prices normalise after the COVID pandemic? [25:20] COVID’s role in business restructures and livelihood [32:06] Mike’s work on the rental loss index [36:55] Rental loss index findings on vacancy rates [41:40] Good asset vs vacancy [50:05] Vacancy rates in the commercial market [54:16] Mike’s property dumbo [57:28] Links from the Show: Ep 60: Are property investors paying more tax than they need to?  Ep 128: Trends in property investment: What does the data say?  The MCG Quantity Surveyors Rental Loss Index 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/223   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Another year, another fool or forecaster report. In this episode, we’ve gathered data and put together a bank scorecard - which banks did a good (or foolish) job of forecasting the property market? Which ones are the most reliable? Is 2022 the year to make a property move?  Listen in on our discussion on authority bias, world events that affected the property market forecasts, holding bank economists accountable, and heaps 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: Looking back at bank records [01:35] Authority bias: Why we assume “experts” are right [06:52]  World events and factors that affected market forecasts in 2022 [10:34] Which “experts” should you rely on? [13:04] The correlation between house prices and interest rates [16:48] The dangers of making forecasts on a macro level [19:47] Is it possible to predict risk? [23:54] How COVID changed the real estate market [26:02] Is 2022 the time to make a property move? [28:32] Are apartment investments compromised? [33:32]  Holding bank economists accountable [35:58]  Should you base your property buying decisions on forecasts? [39:26]   Links from the Show: Fool or Forecaster Report 2022 Finder RBA Cash Survey CoreLogic Home Value Index Scope Economic Survey Will Higher Interest Rates Cause Property Prices To Fall?    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/222  If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

As digital platforms and online portals become more sophisticated, the relationship between sellers, agents, and buyers have shifted as well… But to what degree?  How are buyers’ data and information being treated in the online space? Is your privacy as a buyer compromised? Should you consider buying property in an online portal?  Today, we are joined by Simon Hope, General Manager of Product for Residential at REA Group, to help us understand the nuts and bolts of search engines, online property portals, data collection, and loads 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: REA’s grand vision [02:10]  Are real estate agents creating friction between buyers and sellers? [05:35] The property pricing problem with agents [08:11]  How REA is addressing real estate pricing and trust issues [11:30] What information do online platforms collect from buyers? [14:07] How REA helps agents and buyers [18:06] The shifting conditions of online privacy and behaviour [21:23] Who owns the data buyers enter in online portals?  [23:52] REA’s answer to cybercrime and off market sales [26:44] Buying property on vs off portal [32:00] Will online portals replace real estate agents in the future? [37:27] REA’s plans on domestic market expansion [38:49] Navigating and embracing innovative property solutions [43:37] Should there be concerns over the amount of data online portals hold? [47:01]   Links from the Show: REA News: Vendors selling their homes off-market could be costing themselves plenty REA Website   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/221  If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Today, we’re answering real estate questions our awesome listeners sent in!What are entry level prices for the Sydney property market? How do you price property in a volatile market? How much are you losing when you overcapitalise?We’re diving into these questions and more as we talk about market research, the ripple effect, bridesmaid suburbs, and heaps 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: Is the Sydney market unachievable? [01:02] When should you sell property and reinvest? [08:58] Factors to consider before selling your property [12:39] How Veronica researches property prices [19:45] Will the current premium markets plateau any time soon? [25:31] Are ‘bridesmaid’ suburbs worth it? [31:20] Characteristics of good-performing properties [36:31] The problem with overcapitalising on your property [42:39] How to avoid overcapitalising [46:01]  Links from the Show: Home Buyer Academy’s FREE Course Suburb Trends July 2021 | Best metrics to measure growth? 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/220  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 Australian property market has faced many unexpected changes during the end of last year up to the first quarter of 2022. So, how is it holding up? What global events are affecting the market? Is the rental market improving this year? Is the Australian social class gap slowing down the market?  In today’s Suburb Trends episode, our resident geek Kent Lardner joins us as we take a look at the statistics and discuss the changing market conditions in the country, property inventory, areas going strong, areas showing signs of softening, and heaps more!  If you enjoy 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: Data gathering methods used [01:04] The status of property inventory and sales volume [02:30] How government grants are affecting the market [04:58] A summary of market conditions [08:33] Strong areas and Melbourne’s surprising comeback [12:58] Global issues challenging the property market  [15:19] The rental crisis and the problem with homelessness [18:42] The effect of reopening borders to the rental market [22:00] Rental price delays and the “Landlord Pride” theory [26:03] On indexing and the mentality behind determining property value [28:41] Is buying a unit or apartment (finally) a good idea? [34:43] How the Australian social class gap affects buyer options [41:09] A list of robust property markets [46:28] The price data anomaly [52:22] Links from the Show: Suburb Trends July 2020 | Micro vs Macro Markets w/ Kent Lardner 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/219  If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Did you know that statistically, over 4,000 people die each year due to asbestos exposure? Not only that - one out of three properties in Australia contain asbestos, and most occupants aren’t even aware of it!  Knowing this, why is this issue yet to be addressed properly? How serious is this problem, and how can you make sure that you’re safe from it? Martin North of Asbestos Awareness Australia will walk us through everything we need to know about asbestos and how to deal with it, and the dangerous consequences its presence poses in property. We’ll also discuss myths about asbestos, the lack of action most people have, accreditation for asbestos removal, and more. If you enjoy 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: A warning for property owners [01:38] The problem with asbestos [03:53] Are Australians aware of this asbestos issue? [08:50] The dangers of not knowing if there’s asbestos in your property [11:56] Is asbestos fine on your property as long as it’s not disturbed? [16:59] The lack of action towards asbestos [20:34] More women are being diagnosed with mesothelioma due to DIYs [25:39] Driving political change that addresses the issue [28:23] The urgency when dealing with asbestos [34:54]  Debunking the myths about asbestos [37:25] Checking a service provider’s accreditation for asbestos removal [39:36] How the UK deals with the dangers of asbestos [42:10] Don’t just leave it to the government [45:00] Remember to wear a mask and other protective equipment [49:17]   Links from the Show: Visit Asbestos Awareness Australia About Martin: Martin North is the founder of Digital Finance Analytics and curates the YouTube Channel Walk The World, where he covers finance and property news with a distinctively Australian flavour. In addition, he is a founding director of Asbestos Awareness Australia, a registered charity which was established with his wife Gill, last year. Gill was a Professor of Law and diagnosed with mesothelioma, an aggressive cancer which is caused by random exposure to asbestos. Before her death in December last year, she had spent the past 3 years researching the story of asbestos. 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/218  If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Getting property advice is one of the most important steps to take when investing in real estate. However, there is no guarantee that every property advisor in the industry has received the right level of education, which can be pretty risky, especially for investors. What are the dangers inherent in the unregulated nature of real estate? How does this low barrier to entry for buyer’s agents affect consumers?  In this episode, Peter Koulizos of PIPA is going to help us understand the educational gap issue and its impact on the real estate market. We’ll talk about the absence of regulation governing property investment advisors, accessibility of good advice, the future of the property market in Australia when it comes to education, and more! If you enjoy 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 is “property advice”? [02:09] Difference between a property investment advisor and a buyer’s agent [04:28] What qualifications are needed to become a property investment advisor? [06:12] Why is there no need for regulation? [10:50] Regulations in property & becoming a property investment advisor [15:10] Overregulation for some professionals in real estate [18:25] Property investment hot-spotting [21:55] Resistance in the property industry [25:41] Paying for good property advice [27:59] Mistakes some people make when purchasing properties [34:10] Yield vs growth: What is more important when it comes to property? [35:46] Capital growth gives you a tax liability (for good) [38:01] Identifying if someone’s methodology works [41:01]   Links from the Show: For property investment advice, visit the PIPA website  Episode 207: Suburb Trends December 2021 | Exploring the Dark Side of Property Data Episode 213: Why Do Real Estate Agents Have Such a Bad Reputation? | John Cunningham, Cunninghams Real Estate About Peter: Known as “The Property Professor”, Peter Koulizos holds a teaching degree, Masters of Business (Property) and Master of Urban & Regional Planning. Peter is currently the Program Director of the Master of Property at Adelaide University. Peter has been teaching in real estate and investment for over 25 years. Peter also personally invests/develops property and currently holds several properties. He has published two books; “The Property Professor’s Top Australian Suburbs” and “Property vs Shares”. His third book will be out soon.   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/217    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Sometimes it takes a sensational event to bring attention to major problems. Take, for example, the evacuation of approximately 3,000 people in Sydney’s Opal Tower and Mascot Towers. Through these two stories dominating the headlines, Sydney's dysfunctional planning and development system has been highlighted. How big is this problem? How can both ordinary citizens and our governments address this issue? Laura Crommelin of UNSW shares with us her findings on the research she has conducted into building defects in strata, the truth about building defects, problems with design and construct contracts, and everything about the hazards that may be present in a building. If you enjoy 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 Laura decided to tackle Sydney’s building defects in her research [01:54] The challenge of finding out the truth [06:52] Coming up with a definition of a ‘defect’ [10:44] What are the most common building defects? [12:21] Design and construct contract and its issues in residential construction [14:39]  When does the government get involved in these building problems? [19:38] Is the government’s strata building bond inspection scheme a good move? [22:23] Data blindness when purchasing brand new properties [25:37] The star-rating system for developers [29:21] Do developers and builders care about the building defect issues? [32:57] Luxury and quality may go together, but what about affordability? [37:09] How can we get out of this mess in the property industry? [43:15]  The light at the end of the tunnel [47:02] Laura's property dumbo [49:35] Being aware of the defect issues before you suffer from them [53:11] Creating a standard for record-keeping in strata properties [56:06]   Links from the Show: Cracks in the Compact City: Defects in Strata Episode 188: Is your property fire safe? | Rob Broadhead, 2020 Fire Protection Episode 176: Developers are in the Government’s crosshairs | David Chandler, NSW Building Commissioner Episode 206: Buyers Beware: Who Controls Your Access to Information? | Dr. Nicole Johnston, Deakin University Episode 112: Pandemic Crisis, What Will Happen to the Market | Veronica Morgan & Chris Bates   About Laura: Laura Crommelin is a Senior Lecturer in the City Planning Program at UNSW Sydney, teaching planning law and governance and working on research related to urban and housing policy. She is also a Fellow at UNSW's City Futures Research Centre. Laura’s research interests cover a range of trends and issues in post-industrial cities, including urban renewal, urban governance, digital disruptions (e.g. Airbnb), place branding, and DIY urban revitalisation practices.   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/216    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

These days, the supply of build-to-rent properties, or “multi-family dwellings”  is steadily rising. But how much will it affect the market overall? Should we be concerned about the potential risks this growing segment poses? How about the opportunity costs and losses in today’s booming market? What do we make of that? Join today’s Suburb Trends episode, along with our resident data geek Kent Lardner, as we cover the rise of build-to-rent properties, how it might impact mum & dad high rise investors, Kent’s Win-Loss Ratio, and heaps more! If you enjoy 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: Approaching the rise of build-to-rent properties [1:21] Why are people making build-to-rent properties when there’s an oversupply? [03:08] Yield drives “corporate landlord” behaviour [05:22] Build-to-rent assets are a totally different product [09:02] How attractive are build-to-rent properties to long-term tenants? [12:20] Are there plenty of build-to-rent properties available today? [15:45] A theory about why they’re called “multi-family” properties [17:27] The high risk individual apartment holders face [19:12] Looking at the “boom” and what’s happened (& will happen) in the market [25:15] The danger of the housing affordability push [29:00] Opportunity costs (and losses) in a booming market [35:27] Kent’s Win-Loss Ratio [37:36] Price growth in properties along northern beaches due to COVID [43:17] Locations with the worst win-loss ratios [46:01] The gap between privileged investors versus those on a tight budget [53:21] What’s in the next Suburb Trends episode? [56:34]   Links from the Show: Episode 104: Build-To-Rent the new standard for renters | Adam Hirst, Mirvac   Connect with Us: Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? https://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/215 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Alternative property investment can be great for your portfolio if you know how to do it properly and with the right advisors around you! Salena Kulkarni of Inkosi Wealth joins us as we delve into a different type of property investing (which may sound a bit risky) that may offer another path to success if you do it the right way. We’ll discuss further what an alternative investment is and how it differs from the traditional route.  If you enjoy 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 is alternative investing? [02:20] What does market “inefficiency” mean? [02:58] The element of luck in property investment outcomes [06:15] Examples of alternative investments [08:20] Is the belief “high risks, high rewards” an actual fact? [13:56] Alternative investing for people just starting out in property [19:02] Alternative investment as a concept (and in the real world) [22:08] What happens to the capital if you invest for retirement? [28:13] Salena’s “shirt loss” story that you can learn from [32:19] A successful alternative investing story [41:24] Creating a plan & mindset for alternative investing [45:15] Changes in the properties in Australia [49:49] Salena’s property dumbo [52:41] Lessons we can learn from Salena [58:22]   Links from the Show: The Alternative Investing Podcast  Episode 1: Who is really making the decisions when you bid at auction? The Freedom Warrior: How to Build A Bigger Life Through Alternative Property Investment Strategies Check out Inkosi Wealth   About Salena: Salena Kulkarni has been a chartered accountant for 25 years, a certified property investment adviser and a wealth strategist. She has helped 100’s of investors build wealth and shave decades off their timeline to hit their financial freedom. Her focus over the last 12 years has been on building an expansive network of exclusive off-market opportunities and sharing them with discerning investors who want investments that outperform the market and offer measurable return on investment.   Connect with Us: Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? https://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/214    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Research shows that only 5% of Australians see real estate agents as honest and ethical. Why do real estate agents have such a bad reputation? Why is there so little transparency in the property market? Can agents find a way to earn the trust of buyers and sellers? John Cunningham of Cunninghams Real Estate joins us for a look into building trust and showing transparency to consumers in the property market. We also dive into how the lack of transparency leads to distrust, accountability in the real estate industry, finding the right agents, and a whole lot more! If you enjoy 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: Update on the Pathway to Professionalism project for real estate agents [02:10] Looking past disillusionment in the industry & staying driven [04:10] The importance of full transparency in negotiations [07:03] Trusting real estate agents: A challenge among consumers [10:50] Putting regulations in place to address consumer concerns [11:32] The issue with real estate agents getting around the regulations [15:11] Taking a look at consumer reviews [23:32] Are all real estate agents great? [31:16] Consumers don’t trust real estate agents - yet give them business [34:37] How can consumers find the right agents? [40:03] Consumers only understand 40% of their property transactions [44:22] John’s property dumbo [45:31]   Link from the Show: Episode 12: The Big Disruption About to Shake Up Real Estate Agents  Episode 122: Pandemics, Property & Purchasing http://www.roymorgan.com/findings/8691-image-of-professions-2021-april-2021-202104260655   About John: Opening Cunninghams in 1991 with his wife, Ann, John integrated this philosophy into the burgeoning 4 office, 75+ team member business it is today on Sydney’s Northern Beaches. Since then, John's innovative and personal approach coupled with his expertise and intimate knowledge of the market, have set Cunninghams as a benchmark business in the industry.   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/213   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 buyers—investors and owners alike—tend to have a personal opinion on where the property market is heading in the future. Individually, you’re likely to take these opinions with a grain of salt. But as a whole, these pieces of information present us with a snapshot of how consumer confidence might affect market behavior. Today, we will learn more from REBAA’s President, Cate Bakos, as we talk about the results from the second Buyer Barometer Survey showing what Australian buyers think about the property market. We’ll get clues on the year ahead, the factors affecting buyer behaviour in the property market, rental drivers, and other insights. If you enjoy 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: An overview of the 2021 Buyer Barometer Survey [01:53] Some of the surprising findings in the survey [03:52] Key differences in the results compared with last year’s [07:51] Insights into the most desirable property location in 2022 [09:03] Factors affecting the buyers’ property investment decisions [10:35] Investor mentality vs. owner-occupier mentality [12:12] Measuring how people are reacting to the hot market [14:25] The eviction moratorium’s impact on investors [16:00] Findings on the rental movement in the property market [20:42] What drives rents up or down? [25:02] Statistics on buyers willing to buy property sight unseen [31:58] The dangers of using borderless buyer’s agents [34:30] Why buyers shouldn’t just follow what’s popular [41:25]   Links from the Show: 2021 REBAA & PTA Buyer Barometer Survey   About Cate: Cate Bakos is a fully-licensed buyer’s agent and Qualified Property Investment Advisor (PIPA). Purchasing her first property at 21, Cate continued to invest in property whilst developing her career in sales and marketing with Orica (formerly ICI). In 2003, Cate won a marketing and bursary award, however her passion for real estate saw her make the decision to move into the property industry as a sales agent in Melbourne’s Bayside. Cate currently holds the position of President for REBAA (Real Estate Buyers Agents’ Association (national body) and is a proud PIPA member with a QPIA (Qualified Property Investment Advisor) status.   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/212   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

At the end of 2021, the media ran many stories on a market downturn. The problem is, there never seems to be any middle ground with property headlines. It's always either boom or doom.  What sparked these gloomy headlines? Is the property market really experiencing a downturn? And what does this mean for sellers and buyers in 2022?  To gain clarity, we’re joined by Meighan Wells of Property Pursuit and Jarrod McCabe of Wakelin Property Advisory. We discuss our outlook on the Melbourne and Queensland property markets, if we should focus on the right time to buy or the asset, and how to best prepare for buying in 2022. If you enjoy 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 Melbourne property market after its sixth lockdown [2:19] Clearance rates in Melbourne at the tail end of 2021 [6:27] Seasonality, short auction campaigns and the COVID-factor in the Brisbane property market [8:10] The Queensland relocation trend and its effect on property prices [12:13] Why are rental values in Queensland increasing? [17:22] The best time to run auction campaigns in Melbourne in 2022 [24:49] The best time to buy and sell in Queensland in 2022 [29:47]  Outlook for Australian property markets in 2022 [37:54]  Should you focus on buying at the right time over the right asset? [42:59] How to get ready for buying property [47:52]   Link from the Show: Your First Home Buyer Guide Episode 40: How Can You Identify A, B, and C Grade Properties?   About Jarrod: Jarrod McCabe is the Director of Wakelin Property Advisory. With more than two decades of valuations and investment experience under his belt, Jarrod never fails to deliver for his clients. He is also a passionate property investment educator who actively delivers webinars and seminars and contributes to media sources.    About Meighan: Meighan Wells is the Principal of Property Pursuit and co-founder of the Home Buyer Academy. She is also the co-presenter of Your First Home Buyer Guide Podcast. Her excellence, hard work and ethics have earned her multiple awards and a growing list of satisfied clients over the years.    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/211 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 COVID-19 pandemic brought ten years of changes in just one year, and there’s no doubt that 2021 has been a wild ride. That being said, how can buyers, investors, agents, and sellers best prepare for the differences in market trends for the years to come?  In this episode, we have Cameron Kusher of REA Group to share unique and valuable insights about the property market and what people can learn from 2021, the potential use of AI in the market, the impact on property of working from home, and more!  If you enjoy 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’s been happening at REA Group in the last two years [02:06] Signs at the beginning of 2020 that pointed to the property market boom [03:02] Is the ‘second home phenomenon’ sustainable? [05:15] How many people in the search data will actually buy a property? [07:29] The potential use of AI in property market data [15:10]  What is going on in the Australian property market in terms of inquiry data? [16:58] The affordability drive [21:39] Will there be abatement in the rising of property prices? [22:51] Common filters people use when searching for properties [25:38] Factors that are holding investors back [31:46]  Rentals in Australia [34:07] Looking into the changes in regional search activity [38:41] Measuring the popularity of a listing [40:31] The impact of working from home in the property market [44:09] What buyers and sellers need to look into in 2022 [45:49]  Cameron’s Property dumbo [50:49]   Link from the Show: Locked Down But Not Out: Investors stage 2021 market comeback   About Cameron: Cameron Kusher is the Executive Director of Economic Research at REA Group. He has worked in several areas of the property sector throughout his career and has more than 15 years’ experience working as a property market analyst in both the residential and commercial fields.   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/210   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Not every suburb is worth buying property in. Sure, sometimes data may suggest otherwise, but those “top 10” lists don’t really tell you everything. Aside from the market trends and forecasts in the real estate industry, you also have to check crime statistics - no one wants to live in an area where people live in fear! So, how can you evaluate and analyze data (including crime statistics) so you’ll know which suburbs to avoid? Today, we have Suburb Trolls’ Kent Lardner & Mike Mortlock for a lighter chat about what impacts property prices. We also talk about identifying the suburbs to avoid just by looking at the news, crime statistics, and real data. If you enjoy 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: Taking a look at the crime statistics [02:58] What constitutes a crime? [05:34] Measuring the underquoting index of a suburb [09:10] Kent and Mike’s learnings about suburbs, which they didn’t know before [12:05] Sh*t towns of Australia [14:14] The bogan-ometer and the bogan factor that’s good for property prices [19:00] Do buyers avoid housing commission areas (a.k.a. social housing) [26:29]  Where do the robbers come from? [28:35] The truth behind well-regarded publications and their “top 10 lists” [32:44] Will Suburb Trolls keep pushing forward? [36:23] Suburbs that have both the high & low end of the same data set [42:30]  Mike’s property dumbo [50:29]   Links from the Show: Sh*t Towns of Australia by Geoff Rissole and Rick Furphy   About Mike & Kent: Mike Mortlock is the Managing Director at MCG Quantity Surveyors, Australia's fastest growing QS firm and one of Australia's top 100 fastest growing companies (AFR Fast 100). He’s also a co-host of the Suburb Trolls podcast, and host of the Geared for Growth Property Investing Podcast. Australia's most poorly produced, unbiased, conversation based podcast. 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.   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/209   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 it comes to negotiating to buy a property, most people are at a disadvantage and sometimes, they’re not even aware of it. If you don’t know how to distinguish whether or not you have the upper hand, how will you know that you’re actually getting a mutually beneficial arrangement? Today, Todd Sloan of the Pizza & Property Podcast joins us to talk about the techniques and tricks of negotiating, knowing where to start a negotiation on pricing, seller’s tricks you should watch out for and heaps more! If you enjoy 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: Can a buyer outsmart an agent? [02:05] The effects of market conditions on a negotiation [04:12] What real estate agents know that buyers don’t [06:00] Should you change your negotiation techniques for each agent? [09:42]  How do real estate agents create urgency when selling property? [13:06] The auction reserve price [16:49] Knowing what and what not to say to buyers [20:53] Knowing where to start a negotiation when it comes to pricing [25:55] Digital options are getting some traction! [30:00] Does writing a personal letter help? [31:43]  What buyers do that don’t help them in making offers [36:21] Do agents care if the buyers are telling the truth? [40:22] Seller’s tricks that buyers should be on the lookout for [44:17] The competitive advantage of an agent [46:07] Why rapport building is important in real estate [49:32] Todd’s property dumbos [52:47] Setting limits to what the buyers can spend [57:49]   Links from the Show: Visit Pizza & Property Podcast Learn more about Todd Sloan on Timms Real Estate   About Todd: Todd Sloan is an award-winning real estate sales agent, professional renovator and host of one of Australia’s fastest growing property investment podcasts, Pizza & Property. He’s involved in more property transactions every month than most people see in a lifetime and uses his useful and unique perspective to bring home buyers quality property information in a fun and friendly way.   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/208   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

In the housing market, buyers have been taught that it’s essential to rely on data when making decisions. But the truth is, property data can be presented in ways that don’t exactly tell the full story.  Sure, the statistics presented to you by “experts” may be real, but are they used correctly or are they “spin” created just for profit? In this Suburb Trends episode, Kent Lardner and I talk about the proliferation of the use of misleading property data, the different ways to measure the housing market, the dangers of relying on numbers without knowing the context, and more! If you enjoy 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: Kent’s learnings about data and how it’s being used in some quarters [01:13] Using & misusing property data in a number of ways [03:01] Local specialists and data-driven buyer’s agents [04:15] A look at misleading data [05:04] What is the role of a buyer’s agent? [06:47] Misuse of data to support a “buy, buy, buy property” model [11:36]  Measuring the same factors four different ways in the housing market [14:05] How can data be manufactured to create a market that shouldn’t exist? [21:23]  Is it dangerous to outsource data-driven decisions? [26:13] What are the weaknesses of local buyer’s agents? [30:41] The truth about the rise of the property expert [37:46] How to value an individual property [40:12] The pros & cons of young people entering the housing market [42:19]  Creating fancy infographics with misleading data [47:36]    Links from the Show: How to Lie with Statistics   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/207   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Buying property can be difficult for a number of reasons, one of which is the partial disclosure of information or withholding of data from a strata report. But why is this prevalent and what barriers prevent buyers from being fully informed about a property before they purchase it? Who ultimately decides what information can be accessed before buying a strata property? Today, Dr. Nicole Johnston of Deakin University tackles the issue of inequity in the property buying process, specifically around multi-owned property, whether or not the law helps protect consumers in this area, what a good strata report looks like, levies, and heaps more! If you enjoy 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 are you actually buying into when purchasing an apartment? [02:38] The concept of “buyer beware” & vendor disclosure [05:37] Is the legislation descriptive enough for buyers to make good decisions? [12:21]  Understand what a good strata report is from a bad one! [19:57] Why do owners corporation managers withhold information? [20:46]  How can you decide if you don’t understand the information presented? [24:27] Are low strata levies actually a good thing? [27:01] Do strata managers have standards for record-keeping? [30:21] The importance of having records to peruse before buying [35:29] Sellers are obligated to verify their own property’s data report [38:52] When owners corporations DON’T list down property issues & decisions [41:21]  Common questionable practices off-the-plan buyers can fall into [46:26] Not all contracts or agreements protect the buyer [53:08] Nicole’s property dumbo [54:36]   About Nicole: Dr. Nicole Johnston is a Senior Lecturer in the Department of Finance in Deakin Business School and a socio-legal researcher focusing on multiple aspects of multi-owned properties (strata title, condominium, apartments) including governance, conflicts of interest and legal relationships.    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/206 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.