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

In this 100th episode, Veronica Morgan and Chris Bates offer up their top 10 moments to celebrate the overwhelming success of the Elephant in the Room Property Podcast. This is a cracker of an episode that packages up the most interesting stories, powerful tips and unique insights… You’re welcome! Veronica Morgan Top 5 picks Episode 28 - Lynette Malcolm - Buyers’ remorse and looking at the big picture. Episode 35 - Jane Slack Smith - How to use filters in choosing successful investment properties. Episode 54 - Jennie Tonner - Risks of buying within the cooling off period. Episode 68 - Karen Stiles - A horror story of purchasing from an off-the-plan project Episode 81 - Eliza Owen - What led to the recent market correction? Chris Bates Top 5 Picks Episode 40 - Simon Kuestenmacher - Challenges for developers in the city. Episode 58 - Nerida Conisbee - Why micro market numbers matter more Episode 87 - Kerry Hunt - How has building inspections and certifications changed over time? Episode 89 - Brendan Coates - Why tax policy on property negatively impacts the economy? Episode 72 - Tim Sharp ‘Dr Happy’ - How our societal motivations and emotions impact our buying decisions. Links Work with Veronica? [email protected] with Chris? [email protected] Episode TranscriptPlease note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness… https://www.theelephantintheroom.com.au/podcasts/100See omnystudio.com/listener for privacy information.

Today we chat with Bill McCorkell, Founder of ArchiBlox, a revolutionary architecture and building firm specializing in modular prefabricated buildings for both residential and commercial. ArchiBlox has worked with big names such as the Victorian and New South Wales governments, Lendlease, Häagen-Dazs and Tesla. We hear from Bill about the future of sustainable building practices, a critical topic for all Australians. Here’s what we covered: What is the price comparison between a traditional housing vs modular? How dollar per square metre doesn't represent the true cost Is prefab buildings the future of sustainable housing? What kind of council approval do you need for building a prefab houses Are there problems getting finance for this kind of home What are the limitations do prefab housing have? How prefab houses get around land zoning How the small house movement is shaping how we live What are the common misconceptions about prefab housing What to consider when renovating a property WEBSITE LINKS:Growing population: Episode 89 Cecille Weldon: Episode 62 GUEST WEBSITESIf you’re interested in learning more about ArchiBlox click HERE Work with Veronica? [email protected] with Chris? [email protected] EPISODE TRANSCRIPT: https://www.theelephantintheroom.com.au/podcasts/099See omnystudio.com/listener for privacy information.

In this episode special, Chris and Veronica answer hot-topic questions from listeners. Here are some of the highlights: Why older style apartments still hold up against off the plan apartments How staging and styling distorts home buyers perceptions How land titles affect lending and resale What questions should you ask your building/pest inspector Why being cash flow positive on an investment property can negatively impact you How to grow a property tax free for 6 years We refer back to: Reena Van Alast: Episode 18 Kerry Hunt: Episode 87 Equities Market: Episode 84 | Episode 83 | Episode 73 | Episode 69 Work with Veronica? [email protected] Work with Chris? [email protected] EPISODE TRANSCRIPT: https://www.theelephantintheroom.com.au/podcasts/098See omnystudio.com/listener for privacy information.

Jacqui Pollock, Family Coach and Founder of Human Leadership, a consultancy that focuses on leadership coaching. Jacqui has worked with impressive household names such as SBS Television, Sunrise, Audible and McDonalds. In this episode, Jacqui opens up on skills that improve a property buyer's decision-making process. Here’s what we covered: How to catch yourself as a home buyer from making reactionary decisions How to deal with the stress of buying property What qualities and values aid property buyers on their journey Why it is important, to evaluate the viability of property by financial and lifestyle expectations What lifestyle changes come with buying in an unfamiliar area. How to avoid buyers’ remorse Involving your children in discussing their needs and wants We hope you enjoy listening. GUEST WEBSITES:https://www.jacquipollock.com.au/ Get a copy of Jacqui’s book “Knowing Me Knowing Them” click HERE Work with Veronica? [email protected] Work with Chris? [email protected] EPISODE TRANSCRIPT: https://www.theelephantintheroom.com.au/podcasts/097See omnystudio.com/listener for privacy information.

We pick the brains of Dr. Andrew Wilson, possibly Australia's best known independent property economists. Dr. Wilson publishes his auction clearance rates on a weekly basis on LinkedIn & breaks them down into regions. We discussed: What do auction clearance rates mean? Auctions, statistics, how is the data collected for these rates & is it reliable? Will interest rates ever rise again to past highs? Are Australia’s boom & bust housing cycles over? Misinformation & accountability of accurate reporting, don’t believe everything you read. What is the correlation between lower interest rates & house prices? RBA & APRA’s fundamental mistaken views. Asset selection - why the asset choice remains critical. Beware of spruikers - purchasing mistakes to avoid. It’s a cracker of an episode, we hope you enjoy listening! GUEST WEBSITE:Dr Andrew Wilson - My Housing Market Australian Urban Research infrastructure network Work with Veronica? [email protected] with Chris? [email protected] Read the transcript:www.theelephantintheroom.com.au/podcasts/096See omnystudio.com/listener for privacy information.

We're talking about protection & insurance with Craig Bigelow, Founder & Head of Insurance Advice, True Pride. Are you underinsured or overinsured & are you paying more than you need? We talked: Australia’s insurance problem - are you under or overinsured? Life, income, home insurance are you wasting cash? Framework: How to build an insurance plan you actually need. Why some insurance companies discriminate on mental health. Why you should undertake annual reviews of your insurance contract? What is a step premium vs. level premium & which is better? Trauma protection - who needs it now? Smokers & why they may be paying a 40% premium! GUEST WEBSITE:Craig Bigelow - True PrideWork with Veronica? [email protected] with Chris? [email protected] EPISODE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/095See omnystudio.com/listener for privacy information.

Sales agent Geoff Grist, who’s written a book called “Sold Above Market” is a real estate agent on Sydney’s Lower North Shore. This episode reveals some great insights into how the best agents operate. Here’s what we covered: Why the remuneration of agents goes hand in hand with mistrust Why AVM’s aren’t worth the paper they are printed on What you need to do prior to selling your home to maximize price. What makes buyers pay above market prices? How to get your offer accepted, the rules of engagement. How can you buy below market? How do vendors ruin their own sales campaigns? How can an average agent can ruin a sale. We hope this episode gives you some great insights into the psyche of sales agents. WEBSITE LINKS:Episode 12 - John CunninghamEpisode 20 - Georgie Bates GUEST WEBSITES:FREE copy of “Sold Above Market” click HERE Geoff Grist - Richardson & Wrench Mosman/Neutral Bay Work with Veronica? [email protected] with Chris? [email protected] Read the transcript:www.theelephantintheroom.com.au/podcasts/094See omnystudio.com/listener for privacy information.

David Johnston of Property Planning Australia, & co-host of the podcast The Property Planner, is a property planner and a mortgage strategist. We asked him to explain recent changes to the mortgage industry, including: What is a property plan & why everyone needs one before they purchase The property plan conversation - building it around life plans Loan structuring tips, risk assessment & extended approvals. How good brokers are helping clients buy quality assets What are the options if your pre approval & bank valuation don't stack up? What are the main mistakes property buyers make, particularly investors? Pre-approvals: why postcodes, property type & property title can make a difference Why timing your property sales/purchase in the same market matters The future of mortgage broking & why all mortgage brokers are not equal It’s a great episode, we hope you enjoy listening! WEBSITE LINKS:Episode 46 - Lorna Patten, Why wishful thinking costs you moreGUEST WEBSITES:David Johnston - Property Planning AustraliaFreebie: E-book “How to Succeed with Property to Create Your Ideal Lifestyle – The three steps to success and the seven critical mistakes” Podcast: Property Planner, Buyer and Professor Podcast Work with Veronica? [email protected] with Chris? [email protected] DOWNLOAD TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/093See omnystudio.com/listener for privacy information.

We interview auctioneer & coach Phil de Fegely. Phil coaches many other successful auctioneers & he works with well known agency groups such as McGrath, Buxton, Jellis Craig, to name a few. If you’re looking to buy a property, you will no doubt be dealing with an auctioneer at some point, so here’s the inside scoop on: How do good auctioneers influence buyers to bid? What type of bidding wins the auction? How do you know when the property is ‘on the market’? Why bringing your whole family to auction is likely to make you miss out. Strategy, predictability & other things to confuse the auctioneer. What is “Auction strategy” - what are agents trying to achieve? What are the three things you need to know about the reserve price? It’s a great episode, get in touch & let us know what you think. WEBSITE LINKS:Australian Property Investment Show - Free Ticket LinkSimon Russell, Behavioural Scientist - Episode 1Damien Cooley, Auctioneer - Episode 2Tim Heavyside, Auctioneer - Episode 36GUEST WEBSITES:Phil de Fegely - Auctioneer/Coach Work with Veronica? [email protected] with Chris? [email protected] Read the transcript:www.theelephantintheroom.com.au/podcasts/092See omnystudio.com/listener for privacy information.

We pick the brains Rod Fehring, CEO of Frasers Property Australia. Rod has 30 years of property industry experience so is well placed to give us insights into current issues with Australia’s construction industry. We cover a lot of ‘ground’ including: What needs to change in the building regulatory environment to lift standards & deliver better quality properties? Is the lack of consumer confidence in new apartments hitting prices hard? Do developers owe society more consumer protection? Why do regulatory & building frameworks cater to the lowest common denominator? How will the building industry flip recent building issues on it’s head to regain consumer confidence? What are the questions to ask yourself before you buy into an apartment development? What’s the difference in buying of the plan if you’re an investor? This episode could not come at a better time. WEBSITE LINKS:Australian Property Investment Show - Free Ticket Link GUEST WEBSITES:Frasers Property - Rod Fehring Read the transcript: www.theelephantintheroom.com.au/podcasts/091 Work with Veronica? [email protected] with Chris? [email protected] omnystudio.com/listener for privacy information.

We get the inside scoop from David Easterbrook, director of Elite Buyer Agents in Melbourne. They operate two offices, one in Hawthorn and the other in Brighton. They help both owner occupiers & investors buy quality properties in the inner suburbs of Melbourne. David walks us through what’s happening on the ground in Melbourne, including: Lack of quality listings right now in Melbourne, when will it change? Why so many developers are going underground? Has the apartment market started to recover or are prices dropping? How prices & competition have been impacted by Chinese buyers exiting the market? Signs that show the downsizer market culture in Melbourne is changing. Rentvesting - capital gains tax issues & why it’s hard to make the numbers work. The dangers of being lured into a house & land package. WEBSITE LINKS:Location, Location, Location - BLOGGUEST WEBSITE: David Easterbrook - Elite Buyers Agents Work with Veronica? [email protected] with Chris? [email protected] Read the transcript: www.theelephantintheroom.com.au/podcasts/090See omnystudio.com/listener for privacy information.

We pick the brains of Brendan Coates of the Grattan Institute. Brendan’s research focuses on tax reform, economic & budget policy, retirement incomes & superannuation, housing, transport infrastructure & cities. He works in a think tank with a bunch of clever people with access to all manner of research that allows them to tackle the big questions & problems facing us as a nation. Here’s a preview: Home ownership crisis - why so many young & poor simply can’t afford their own home. Why is the government & our politicians afraid to make big reforms to Negative Gearing, Land Tax & Stamp Duty? Home Buyer Saver Scheme - is it all it’s cracked up to be? Who’s to blame for the lack of housing built to meet the demand of homeowners? Australia’s aging population - should inheritance tax be modified? Super increases - will higher super contributions exacerbate the problems of an ageing population? Why Australia’s housing stress will mean a rise of homelessness. What can be done for everyday Australians to assist housing affordability? This is such a great episode, packed with so many insights, we hope you enjoy listening! WEBSITE LINKS:Grattan Institute Housing Affordability re-imagining the Auystralian Dream Lessons from the national Rental Affordability Scheme GUEST WEBSITES:Brendan Coates - Grattan Institute, Household Finances Program Director Read the transcript:www.theelephantintheroom.com.au/podcasts/089 Work with Veronica? [email protected] with Chris? [email protected] omnystudio.com/listener for privacy information.

We’re honored to be joined by Alan Kohler, one of Australia’s most respected finance reporters. For decades readers & viewers have enjoyed his expert opinion in the press, TV &, more recently as Editor-in-Chief at InvestSMART. We love to look at the wider world of investing - beyond property. We enjoy discovering alternative investment methodologies & frameworks - always with our filter of low risk & sustainability & we loved our chat with Alan! Here’s some highlights: Is Australia headed for a recession or could we be headed for a boom? Why it is important to wait to invest after the valley of death? Who is deeply invested in propping up the housing market? Our GDP growth is from population growth so should we open up the gates? What will happen if we go into negative interest rates & what does it even mean? How can the average investor prepare for a low growth economy? This is an episode you won’t want to miss. WEBSITE LINKS:Alan Kohler - The Eureka Report Work with Veronica? [email protected] with Chris? [email protected] READ THE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/088 See omnystudio.com/listener for privacy information.

We get the inside scoop from Kerry Hunt, Manager of the Building Certification Team at Inner West Council in Sydney. With 40 years in Building Surveying in local government both here and in the UK she’s adept at navigating the complexity of planning, building and certification legislation. We look at the nuts & bolts of: Building approvals & conflicts of interest in the Building Certifying Act & what needs to change. Who is really to blame for the poor quality of our apartment buildings? What does a certifier do & are private certifiers high risk options? Why did councils lose the power? What is the difference between the way things used to be done and how they are now? What certificates should be in a contract of sale and what do they all mean? Why it’s critical to invest time in due diligence pre purchase. It’s a great episode, exposing some home truths.GUEST WEBSITES:Inner West Council Building Certification Team - Kerry Hunt Read the transcript:www.theelephantintheroom.com.au/podcasts087 Work with Veronica? [email protected] with Chris? [email protected] omnystudio.com/listener for privacy information.

Kylie Davis is back again combining her time at CoreLogic with the world of proptech & is one of the people behind Australia’s Proptech Summit, launched last year. Having launched Home Prezzo a content marketing solution for real estate agents, she gives a glimpse into the proptech world. Here’s what’s coming our way: What happens when property & technology meets? How will proptech change the way real estate is handled? How to mitigate risks of implementing new technology into your business. Ways to create liquidity in your property. Where is innovation making the most difference? Why making everything transparent in real estate builds trust. Should the property industry be threatened by disruption? This is a great episode & we hope you enjoy listening. WEBSITE LINKS:Ep 30 - Kylie DavisThe Future of Property Investing - Kylie DavisGUEST WEBSITE:Kylie Davis - HomePrezzo Australia Work with Veronica? [email protected] with Chris? [email protected] EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness… This episode was recorded on 22 August, 2019. Read the transcript:www.theelephantintheroom.com.au/podcasts/086See omnystudio.com/listener for privacy information.

Nicki Hutley is a Partner at Deloitte Access Economics, where she leads the Urban Advisory practice. Nikki’s worked for three decades in the field of urban economics addressing issues such as affordable housing, social & economic infrastructure investment, urban renewal, precinct planning, climate mitigation & social policies. Who better to help us tackle the question of whether Australia’s cities are full? We debate a wide range of topics, including: Will technology profoundly change the way we work & will it help regional Australia to thrive? Australian cities are among the least dense in the world so can we afford to go up? What type of housing do we actually need to fill the ‘missing middle’? How can population growth benefit the economy? Busting 3 big myths: will robots take our jobs, is the workforce becoming too casualised & is remote working the answer? How can density be done well & why is it necessary? Can technology help us better manage climate risks? Have a listen & please let us know your thoughts. WEBSITE LINKS:Ep 1: Simon Russel - Behavioural Scientist GUEST WEBSITE:Deloitte Access Economics - Nicki Hutley Effects of youth unemployment on an ageing society Future of Work - Download the report Property Council of Australia - Good Growth Alliance Work with Veronica? [email protected] Work with Chris? [email protected] DOWNLOAD THE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/085See omnystudio.com/listener for privacy information.

Douglas Isles, an Investment Specialist at Platinum Asset Management, joins us for a chat on a wide range of topics including: Why fear & greed are the biggest problem in investing. How to think like a private owner, even if you’re purchasing shares. Social pressure & loss aversion: the behavioral biases costing you big time in the equities market. What are the long term benefits of holding equities against holding properties? How to recognise when you are holding onto a lemon. How do active managers counter the argument that ETFs win over the long term? Critical investment thinking: would you still buy an investment you currently own today? The importance of listening to your gut when investing. Tune in, it's a great episode. WEBSITE LINKS: Ep 1: Simon Russell, Behavioural ScientistEp 69: Scott Phillips, Motley FoolEp 73: Roger Montgomery, Roger Montgomery Inv MgtEp 83: Balaji Gopal, Vanguard GUEST WEBSITEDouglas Isles - Platinum Asset Management Work with Veronica? [email protected] with Chris? [email protected] Read the transcript:www.theelephantintheroom.com.au/podcasts/084See omnystudio.com/listener for privacy information.

Balaji Gopal, Vanguard’s Head of Product Strategy explains alternatives to direct residential property investment by way of index funds and exchange traded funds (or ETFs). We also discuss the many similarities of property investing & share investing & the associated behavioural biases. Balaji shares his knowledge & demystifies: What are index funds and how they work? How fees can be kept low without creating a substandard product? Can you access commercial real estate via ETFs? Why having a goal, doing research & staying on point long term is vital Understanding long term financial goals & why you are investing. It’s a great episode, we hope you learn as much as we did. Gopal’s details:Balaji Gopal : Vanguard InvestmentsRead the transcript:www.theelephantintheroom.com.au/podcasts/083 Work with Veronica? [email protected] with Chris? [email protected] omnystudio.com/listener for privacy information.

Renovation expert, Justine Bennett tells us how you go about renovating a strata property. So where do you start, do you need council or strata approval & what are the restrictions? We discuss logistics like getting materials in & out, restricted working hours & dealing with tenants & neighbours. Plus, we uncover a whole bunch of pitfalls including: Knowing that buying a renovated apartment comes risks. What reno is a value add & what is overcapitalising? Unexpected ways to unlock untapped potential. Why the location of plumbing matters big time. Concrete cancer & water issues that wreak havoc in apartments. How to buy ownership of common space to increase your property value. If you are thinking of buying a property & having a go at a renovation you must listen to this episode first. Read the transcript: www.theelephantintheroom.com.au/podcasts/082 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

We love talking to people who make sense of property data & we’re delighted to meet such a bright, young, talent in property market commentary, Eliza Owen. Eliza is a residential property analyst at Domain & she joins us to explain: What the median price is & when it's useful. Why recent sales data can be very misleading. How big entities influence the property market. Why having equity in your home is so powerful. Why we need to think about alternative retirement strategies. What happens when your mortgage outlasts the structural integrity of your building. It’s a great episode packed with market insights, we hope you enjoy it! If you want more you can listen to her TEDxYouth talk on property affordability. WEBSITE LINKS:Good Deeds Blog: Proof Sydney's house prices have stopped falling Ep 37: Frank Gelber - How to understand the most cyclical property mkt in the world Ep 25: Amanda Farmer - What hidden dangers can lurk in brand new apartments Ep 10: Michael Ferrier - How to ensure you are protected by your B&P/Strata Report GUEST INFORMATION: Eliza Owen - TEDxYouth@Sydney Domain Research Read the transcript: www.theelephantintheroom.com.au/podcasts/081 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Ed Fernon, CEO of UKO, joins us to explain co-living. We’ve seen co-working spaces take off & now people are saying that they’ll start living in a similar way. So, what exactly is co-living, how does it work & is it only something millennials would be interested in? Or is it something you should invest in? Here’s what you’ll learn from our chat with Ed: The ins & outs of this type of accommodation. Why millennials are embracing the co-living model. Why amenity, walkability, convenience & community matters. Why there is a whole new pool of renters on the hunt for co-living. The loneliness epidemic, how people's mental health is driven by the quality of their relationships. What co-living looks like as an investment & what it costs. We hope you enjoy exploring the possibilities of co-living. Let us know what you think! ED FERNON WEBSITE: UKO: Co-living WEBSITE LINKS: BLOG: Sydney house prices have stopped falling Ep 37 - Frank Gleder, Understanding the most cyclical markets in the world Ep 25: Amanda Farmer, The dangers of new apartments Ep 10: Michael Ferrier, How to be sure you're protected by your B&P inspection/Strata report Work with Veronica? [email protected] Work with Chris? [email protected] Read the transcript: www.theelephantintheroom.com.au/podcasts/080See omnystudio.com/listener for privacy information.

Catriona Burgess is Strategy Director at the Frost Collective. Cat’s worked on Australia's largest urban renewal projects including Central Park, Green Square, Key Quarter, Darwin Waterfront & Australian Technology Park, as well as international projects in China, Korea, & Auckland. We discussed a designer's role including: Why designers look to market buildings to connect with your emotion. Social media strategies that cost you money by targeting social proof & subconscious decision making. The theatrical & engaging world of display suites - is the glossy brochure finally dead? How buying in 1st & 2nd stages of a development can impact growth. Will AI transform the way people buy property? Sustainability - what housing model should we live in & how efficient is it for our city? Visionary things happening on the fringe of Sydney. Once again, we gain a greater understanding of how the psychological & emotional side of us is targeted in a property transaction. WEBSITE LINKS:Catriona Burgess - Frost Collective Download the transcript:www.theelephantintheroom.com.au/podcasts/079 Work with Veronica? [email protected] with Chris? [email protected] See omnystudio.com/listener for privacy information.

Andrew Price, Managing Partner of EY Sydney a global financial advisory business has qualifications in economics, applied finance and investment and he knows about the merits of renting versus buying. We look at the myths around: The rent vs. buy debate - what is best? How State Government incentives leads to silly choices. Why we need to build sustainable housing for families. The changing trend around what young families want to live in and where. The important psychological & emotional value of owning your own home. Why you shouldn’t take on too much debt at the wrong time. Tips on suburb selection, asset selection and timing the market. We come at this episode from a number of different angles & hope you enjoy it! GUEST WEBSITE:Andrew Price - EY Sydney Download the transcript: www.theelephantintheroom.com.au/podcasts/078 Work with Veronica? [email protected] with Chris? [email protected] omnystudio.com/listener for privacy information.

Cameron Kusher, CoreLogic’s Head of Research for Australia & leading commentator on housing market conditions & trends chats about: Why you shouldn’t assume ALL property doubles every 7-10 years! Settlement risk - what is it & how it can be avoided? Pain & Gain Report- the impact of a property market slow down. What are some of the weaknesses in Australian property data? What is the most riskiest data to take in isolation? Why access to finance is impacting the property market. Weaknesses of a Hedonic Housing Price Index What are the strongest areas in the Brisbane market? This epic data journey explains the impact of economic & demographic trends & analyses residential property throughout the country. DOWNLOAD THE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/077 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Demographics is a study of who we are, where we live, what defines us. The numbers tell a story. Demographer & futurist, Mark McCrindle is an award winning social researcher, bestselling author, and influential thought leader. Mark shares his understanding of key social trends & we find out: Are Gen Z & Alpha likely to own property in Sydney & Melbourne? The unintended consequence of parents supporting kids & creating a financial dependance mindset. Migration - why are we so hung up on the numbers? Are our urban centers able to sustain population growth? Key factors that boost infrastructure & our economy. City planning & the importance of getting it right the first time! Why developers need to listen up & start building for young families. WEBSITE LINKS: Fools & Forecasters Report Infographics - Mark Mccrindle Publications GUEST WEBSITE: http://markmccrindle.com/Read the transcript: www.theelephantintheroom.com.au/podcasts/076 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Listen very carefully, as in this episode you will hear all about the signs that show when a bubble is about to burst! Warren Hogan, Industry Professor at UTS Business School & Chief Economic Advisor of The Executive Connection, shares: Are we heading into a recession? What are the big levers that impact the property market? What impact does the property market have on the rest of our economy? What is inflation & what makes it go up? What you need to know about debt & how to service it. New technologies & fast tracking, is it harming our ability to make good decisions? What are the signs in a cycle that shows a bubble is about to burst! It’s a great episode packed full of insights, we hope you enjoy it! GUEST DETAILS:Warren Hogan - LinkedIn Work with Veronica? [email protected] Work with Chris? [email protected] Download the transcript: www.theelephantintheroom.com.au/podcasts/075See omnystudio.com/listener for privacy information.

Veronica & Chris discuss the impat AI is starting to have on the property industry & changes that are afoot. They cover: Will AI replace real estate agents & mortgage brokers? Can AI manage you through the rollercoaster of a property purchase? The issue of trust in the real estate industry & why it is so important. What will happen to our negotiation capability with AI? Who is getting paid for what? Kick backs you need to know about! Should we be worried about AI & will it hurt our hip pockets? Don’t assume technology or disruption to our industry is going to be a better solution. WEBSITE LINKS: Home Buyer Academy - 3 videos on property pricing Chris Bates - Wealthful Veronica Morgan - Good Deeds Property Buyers Related Links: https://www.youtube.com/watch?v=zBnDWSvaQ1I&feature=youtu.be https://www.youtube.com/watch?v=kv8gvXPwWjY Work with Veronica? [email protected] Work with Chris? [email protected] Download the Transcript: www.theelephantintheroom.com.au/podcasts/074 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Roger is the Founder & Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment & financial market experience & he shares interesting insights on financial markets. Here’s a snapshot of what you’ll learn from listening: How to identify the 3 phases to a boom in the market. Why a focus on the calibre of any asset is so important. How to apply the principles of value investing to a property purchase. What happens to prices when population growth in Australia is underestimated. Why access to credit & interest rates are the ultimate driver of asset price. When you know what something is worth, you know when you are paying too much! What is the impact on property prices with a slow down in construction? We cover a lot of ground in this episode, we know you’ll enjoy listening! GUEST WEBSITE:https://rogermontgomery.com/ Related Episodes: https://www.theelephantintheroom.com.au/podcasts/069 Work with Veronica? [email protected] Work with Chris? [email protected] Read the transcript:www.theelephantintheroom.com.au/podcasts/073See omnystudio.com/listener for privacy information.

Dr. Timothy Sharp, otherwise known as Dr Happy, has spent decades studying psychology, lecturing & researching aspects of human behavior & emotion. He's currently a Professor of Positive Psychology at two leading universities. He's a founder & chief happiness officer of The Happiness Institute & he explains how emotions are entwined with everything we do. We learn that the way we think about things affects how we feel & behave plus: Why humans are less rational than we think. Is it possible to buy property without emotion? Why it’s so hard to keep emotion out of property investment. How planning ahead minimises implications of a property purchase. Social & emotional intelligence & why it is so important. Genetic & biological disposition to happiness, what can you control? Minimalism, even when it comes to property - do you really need it & will it add value to your life? GUEST WEBSITE:https://www.drhappy.com.au/ Dr Happy Downloads:https://www.drhappy.com.au/resources/ Download the Episode Transcript: www.theelephantintheroom.com.au/podcasts/072 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

When it comes to property, people rely on a single source of data that is rarely interrogated and often misleading. Kent Lardner joins us for a second time and guides us through the murky waters and statistical importance of data. Why looking at more than one metric gives you a broader, wider picture of a marketplace. Lenders Mortgage Insurance - is it a good thing for the property market? Free online AVM’s & the dangers of misleading information. How to understand the limitations of data & why you need to dig deep to understand it. There's so much good stuff in this episode! Kent's details: Kent Lardner - Suburb Trends EP 6: Kent Lardner Elephant in the Room Property Podcast Home Buyer Academy - Free Mini Course Work with Veronica? [email protected] Work with Chris? [email protected] TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/071See omnystudio.com/listener for privacy information.

Australia's first female Professor of Property, Sara Wilkinson, UTS explains sustainability, urban development and the importance of using resources that are local, renewable & energy efficient. Plus we cover: * Overcoming the idea families need to live on ¼ acre block * Retrofitting existing properties to make them energy efficient * How under occupied properties could solve our affordable housing crisis. * How green roofs can protect your property from solar degradation * The benefit of aerofarms with 24hr sunshine * Why we have aprox 11 years to take sufficient action to stop irreversible climate change. * The urban heat island, city centres are often 5° hotter & ideas to cool them down * Why the government is urging construction to house us all. This is an informative episode for anyone who cares about our planet’s future!Guest Website & Relevant Links: UTS - Sara Wilkinson Architecture & Design - Sustainability Projects City of Sydney - Green Business & Buildings Podcast Links: Ep 1 - Simon Russell, Behavioural Finance Aust Ep 62 - Cecille Weldon, Liveability Ep 66 - Michele Adair, Housing Trust Work with Veronica? [email protected] Work with Chris? [email protected] EPISODE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/070See omnystudio.com/listener for privacy information.

Motley Fool Australia's, Scott Phillips, explains how the share market can offer a viable option for first home buyers to save up their deposit faster. Let’s look at this idea and some other alternatives: Are there different investments for would-be property investors to consider when they can't borrow enough money to buy an investment-grade property? What is the cost of a lemon in your share portfolio? What are the compound eroding effects of fees? Why you need to pre-commit to save & make a habit of it. How behavioural biases cost you way more than you think! This is an eye opener of an episode and we uncover so much gold, so stick around until the end. Guest Website: The Motley Fool - Scott PhillipsMotley Fool Philosophy & Graphs Related Links: Ep 1 - Behavioural Biases Ep 9 - How to sniff out a lemon in your portfolio Episode Transcript: https://www.theelephantintheroom.com.au/podcasts/069 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Karen Stiles shares her first hand knowledge of strata ownership & her horror story of buying off the plan. Karen is now Executive Officer of Owners Corporation Network & she has brilliant insights into the hidden world of all things strata. She is extremely passionate about justice in the property world. Here’s a few of the eye opening topics we covered: How everyone, besides the owners, know about building defects What a variation allowance is for builders How By-Laws can change on a whim & in seconds Why you need a property lawyer over a standard conveyancer How bad can defects be & why owners hide them What is a Build & Design approach Got defects, sign this confidentiality agreement Why there is no justice in the legal system. Karen’s Details: Owners Corporation Network Ep 52 - Jenny TonnerDownload the Episode Transcript: www.theelephantintheroom.com.au/podcasts068 Work with Veronica? [email protected] Work with Chris? [email protected] See omnystudio.com/listener for privacy information.

Kylie Walsh is General Manager of Di Jones Real Estate and a licensed real estate agent. Last November, Kylie was awarded AREAs Most Influential Woman in real estate. Kylie has over 24yrs experience and over that time she's held a variety of roles that have taken her from the beach to the bush and back to the city in positions of increasing responsibility. She's worked in management roles for Australia's major franchise groups and along the way has won numerous industry awards for sales, property management and leadership. She's also served a term on the REI New South Wales Board. You’ll be surprised at some of what we unearthed in this episode. Here’s a snapshot: Technology & how it's changing the way that consumers can get more transparency from real estate agents. Should school catchments drive our purchasing decisions? Why passive buyers will often pay a premium. How to become an influencer, no matter what role you have. Why it’s important to support those with a minority voice. The differences that men & women bring to the table when negotiating, does this even matter to property buyers? And finally, are women really better real estate agents? Kylie's Details: https://www.dijones.com.au/ Website Links: Episode 12 - John Cunningham Episode 46 - Lorna Patten Download the transcript: www.theelephantintheroom.com.au/podcasts057 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Michele Adair, CEO of Housing Trust, joins us and explains how her organization builds and manages affordable housing for people on a very low to moderate income. We're going to find out the difference between social housing and affordable housing. Michele highlights some important factors affecting household affordability. It’s not just about first home buyers wanting to get onto the ladder. So what are the gaps in the system? Here’s some of what we covered: What are alternative models for property investment and will they provide more affordable housing? Why households spending 30% or more of total household income, in rent, or in mortgage repayments, are in housing stress. What happens when life throws a curved ball & you can’t afford a roof over your head. How much ‘buffer’ do you need? Can good urban design & planning eliminate social problems? Why everyone deserves a decent home & why it’s Housing Trust’s vision. It’s an insightful episode, we hope you enjoy listening. Michele's Website: Housing Trust Download the Episode Trascript: www.theelephantintheroom.com.au/podcasts066 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

In this episode, we interview Charles Wiggett Principal of Hauss Realty a boutique agency based in the Brisbane riverside suburb of Graceville. Charles prides himself on good old fashioned service, local knowledge and client care. Here’s a snapshot of what we covered: Flood zone risks - why doing your due diligence matters! Supply & scarcity & what that means for capital growth. What maintenance issues you must consider before buying a “Queenslander”. The oversupply of apartments in Brisbane and the impact on investors. What’s happening to prices after the Banking Royal Commission. We hope you enjoy all the insider knowledge in this episode. WEBSITE LINKS: Charles Wigget - Hauss Realty Brisbane City Council - Floodwise Property Report Elephant Ep 33 - Peter Koulizos - the Property Professor EPISODE TRANSCRIPT: https://www.theelephantintheroom.com.au/podcasts/065 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

We pick the brains of Peter Gordon, one of Balmain’s most active sales agents, ranked in the top 100 agents nationally for the last four years. Peter has been with Cobden & Hayson since it launched in 2005, and has experienced both hot and cold market conditions over the years. Here’s some of the topics we discussed: Why A grade properties continue to sell well in Blue Chip suburbs, despite market conditions. Why letting a sales agent bid for you at auction will cost you more. What things buyers get picky on now vs in a ‘hot’ market. What happens to a property when an agent ‘buys’ a listing. How elite agents operate & earn the trust of vendors. WEBSITE LINKS: Cobden & Hayson Balmain Peter Gordon - CHRE Read the transcript: www.thelephantintheroom.com.au/podcasts064 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

In this episode, we're going to address one of the biggest elephants in the room so far in this podcast. In Australia, engineers don't have to be registered! We talk to two experts, John Roydhouse, CEO of the Institute of Public Works Engineering Australasia, NSW a professional membership organization looking after the interest of public works engineering and all public infrastructure in NSW. And, Jonathan Russell, Engineers Australia, related to the Institute of Public Works Engineering Australasia. Here’s some of what we covered: Is the Build quality and safety of newly constructed housing up to scratch? Why the financial well being of apartment owners can be at risk. What’s the downside of an infrastructure and building boom coupled with hurried design, approval, construction and compliance processes? Data around that points to 7 out of 10 new residential buildings have defects! How Opal Tower, Lacrosse Tower or the London Grenfell Tower tragedy might have been prevented. Guest Details & Links:John Roydhouse - IPWEA Jonathan Russell - Engineers Australia Engineers Australia - NSW Election Read the transcript: www.thelephantintheroom.com.au/podcasts063 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

We picked the brains of Cecille Weldon. Cecille is responsible for the creation and development of the Banksia Award-winning Liveability Real Estate Framework. Now owned and backed by the CSIRO, this new way of marketing property introduces 17 new property features into the real estate transaction. These are liveability features which cover passive building design, energy and water efficiency and renewables. The liveability mandate is to create your best home: healthy, efficient, comfortable and connected to your local community.Here’s a snapshot of what we discussed: 17 liveability features of a property & why they matter for homeowners & tenants How to reduce your property’s running costs & increase comfort Why fixing liveability of your property will give you more disposable income Why it’s not just about comfort of living, it can increase the value of your property. LINKS: www.liveability.com.au Tankulator - Rainwater Tank Sizing Tool Cecille Weldon's Website Read the transcript: www.thelephantintheroom.com.au/podcasts062 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

In this episode we are doing something a little bit different. To celebrate April Fools Day, we have produced a special report on the big failed property bets, what forecasters got wrong in 2018 and who is brave enough to predict what’s to come in 2019 & 2020. You’ll hear why it is impossible to predict the future and whether Veronica is really a Perma-Bull as some have accused her of being. It seems that we are our own worst enemy, as our obsession with property means we are always thirsty to hear the latest forecast, even when we know full well that it is nonsense! We hope you enjoy this episode and we promise it’s the first of many - we’ll be watching and listening for the 2019 forecasts and we’ll be bringing you the dirt on them next year! Download the transcript: www.theelephantintheroom.com.au/podcasts061 Work with Veronica? [email protected] Work with Chris? [email protected] See omnystudio.com/listener for privacy information.

In this episode, we picked the brains of Mike Mortlock. Mike is the managing director of MCG Quantity Surveyors which was recently recognized as Australia's fastest growing quantity surveying firm by the Australian Financial Review Fast 100. MCG was the first quantity surveying firm to publish real data on the average deductions for property investors. We had a very revealing chat with Mike about: Tiny details investors need to understand that trigger paying more tax. Why, if you purchase a property off the plan, it's worthwhile getting a building compliance inspection to identify defects. How data on units sold off the plan, in a number of capital cities, is proving they are not great candidates for capital growth. Why we need to be very skeptical of media spruikers and take time on due diligence, especially given 38% of investors buy new property! Why housing affordability is going to be a national concern because rental yields have been increasing. How good advice from an accountant who understands property , an investment savvy broker, a strategic financial planner and a good conveyancer will save you in the long term. Mike’s website:https://www.mcgqs.com.au/ Data findings & free giveaway:www.mcgqs.com.au/elephantintheroom Episodes mentioned:Episode 45 - Noel Whittaker, Good advice doesn’t cost it pays! Episode 46 - Lorna Patten, What causes wishful thinking and why does it cost us so much?Episode 47 - Bryce Holdaway, What does the ultimate property spruiker look like and are they all bad? Episode 51 - Cameron MacQueen, What’s in property development for Chinese investors Download the transcript: www.thelephantintheroom.com.au/podcasts060 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

In this episode, we pick the brains of Suzy Jacobs, a fabulously outspoken and honest pioneer in women lead business networks. Suzy founded SheBusiness and has lead thousands to business success. She sold SheBusiness and launched Finesque in 2016 to demystify financial language and create opportunities for individuals to grow their financial independence and security. We discover: How your beliefs about money have long term effects on your financial future. Is it ok to hand responsibility of financial decisions over to a third party? How unconscious beliefs drive our decision making when it comes to property. Why we need to slow down & be accountable property investors. Transitional thinking & why it makes a big difference. This episode will really make you rethink where your financial future is headed. Where you can find Suzy: https://www.finesque.com/ More episodes on mindfulness: https://www.theelephantintheroom.com.au/podcasts/1 https://www.theelephantintheroom.com.au/podcasts/038 Download the transcript: www.thelephantintheroom.com.au/podcasts059 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Nerida Conisbee is Chief Economist for the REA Group, which incorporates websites www.realestate.com.au & www.realcommercial.com.au, amongst others. Nerida has more than 20 years of property research experience & appears every fortnight on ABC News Breakfast, every Tuesday on Your Money, & she writes a fortnightly column for The Australian. She provides updates on property market conditions to major government bodies & here is some of what she explains: What is data & how can it affect property prices? What suburbs perform best & the types of suburbs that people are most highly engaged in. Top ten suburb lists & hotspotting - looking from the data perspective. Auction clearance rates, median price & how the data can be manipulated. Not all data is what it seems, there is some data to be weary of. Links: Nerida Conisbee - www.realestate.com.au Past Episodes:Stuart Wemyss - Episode 39Anthony Millet - Episode 31 Download the transcript: www.thelephantintheroom.com.au/podcasts058 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

In this episode, we are going to answer some listener questions. We cover a fair bit of ground, however, here are the highlights: Should you be investing in the outskirts, or investing in the inner rings of capital cities? What happens if the builder runs away with your money during a renovation and where to get help. What to do if your financial planner becomes a little bit too pushy & recommends property to get paid a commission. Real Estate Investment Trusts, do they make good investments? We refer back to a number of past episodes with some great intel & you can check them out here: Luke Metcalf: Episode 16 Kate Lumby: Episode 4 Jarrod McCabe: Episode 42 Frank Gelber: Episode 37 Bryce Holdaway: Episode 47 Fair Trading: Resolving Building Disputes Master Builders Association: http://www.mbansw.asn.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts057 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

This is the first property manager we've had on The Elephant. Here’s what we found out: Seasonality & over supply, the months to avoid. What constitutes a good tenant & how to choose a good property manager. Reference checking tenants & how Instagram pics reveals all. How to change your managing agent the easy way. Landlord insurance - not all policies are created equal. If you own an investment property or thinking of buying one, you need to listen to this episode. https://www.letsrent.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts056 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Malcolm Gunning, has been in real estate forever & his agency Gunning Real Estate focuses on commercial, industrial, retail, residential & development real estate. They also provide services in sales, leasing, property management, consultancy, & valuation. Here is some of what we covered: What is sophisticated investor & do they always get it right? The 3 main methods used to value a commercial property. How to target the right buyer pool when selling an investment property. Why foot traffic, infrastructure & the neighbouring retailer is so important. Rent movements, yield, land value & capital growth in the commercial world. https://www.gunningre.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts055 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Haesley Cush, auctioneer, sales agent and principal, opens up about the Brisbane property market and explains how apartments can lose money while unrenovated Queenslanders in the same suburbs sell for ridiculous prices. What are the best buys in Brisbane at the moment? Here’s what else you’ll learn: The Brisbane property market & why locals don’t like auctions. What's a good property investment & what’s not in Brissy. Why it’s easier than you think to over capitalise on an unrenovated “Queenslander”. Oversupply of apartments - what’s going on? There is so much insider knowledge here! Haesley’s details: http://livingherecushpartners.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts054 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

In this episode, we pick the brains of Tim McKibbin, CEO of the REI New South Wales. Originally qualifying as a lawyer and an accountant, Tim joined the REI 15 years ago, and has been the CEO now for 13 years. He's an extremely vocal advocate for the real estate industry, and over the past few years he's had a couple of stoushes with the New South Wales state government on a number of issues. Recently, he's been very vocal and he's called for self regulation. His latest battle has been over stamp duty reform and it’s really fired him up! We dive into some hot topics, such as: What the Government has planned to assist with housing affordability. Stamp Duty: Why hasn’t it changed in 32 years? Negative Gearing: Is it purely politics? Why we need review the regulators of the real estate industry that don’t know what’s going on, AKA Fair Trading. Trust account audits - the good, bad and the ugly. We hope you enjoy this episode as much as we did recording it! LINKS: Property Investors Council of Australia: https://pica.asn.au/ Stamp Duty Reform Link: https://www.reinsw.com.au/Web/Posts/Latest_News/201811/aStamp_duty_reforms_are_an_insult_says_REINSW.aspx Good Deeds Blog - Land Tax: https://gooddeeds.com.au/sydney-property-market-updates/what-is-land-tax-and-is-it-fair/ REINSW Petition for Property Services Commissioner https://www.reinsw.com.au/Web/Posts/Latest_News/201811/reinsw_launches_petition_for_property_services_commissioner.aspx See omnystudio.com/listener for privacy information.

Plus all the dirt on the hidden pitfalls in off-the-plan contracts. We are very excited to share our conversation with Jennie Tonner, our very first conveyancer on “The Elephant”. She is one of Australia’s most experienced conveyancers who has spent decades working in the “big end of town” and now runs her own small business, Cremorne Conveyancing. You’ll learn an incredible amount about what can so easily go wrong for buyers who don’t invest in good legal advice. Jennie shares her experience and wisdom, including: What can’t be changed in a contract during the cooling off period. How the contract review process changes for buyers when the market cools down and heats up. A few horror stories with buying off the plan. How some developments sell before they even have council consent! What a release of deposit clause is and what you should do if you see one. When you are protected if you buy a property without council approval for building works. This is a brilliant episode which highlights the importance of getting good advice before you sign on the dotted line. Where you can find Jennie: https://cremorneconveyancing.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts052 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.

Cameron Macqueen is a man that’s done many great things in the business world. After 5 years growing a big business in China he came back to Australia to run a Chinese property development company - PAI Group. PAI have been building 100’s of small developments, mainly in Melbourne’s middle ring suburbs. These developments are funded by Chinese citizens mainly to get two things, a great return and a permanent residency status in Australia. Here are some highlights: The different ways Chinese think about property. How Chinese gut apartments and want everything brand new. How you can get Permanent Residency if you have a bit of cash. The market risk in doing developments. How Chinese build community developments that are amazing places to live. How we are going to grow our cities, as we grow our population We finish we some rather hilarious tree cutting dumbos so be sure to tune in till the end! Cameron’s details:https://www.paigroup.com.au/home-en Download the transcript: www.thelephantintheroom.com.au/podcasts051 Work with Veronica? [email protected] Work with Chris? [email protected] omnystudio.com/listener for privacy information.