With property prices soaring and borrowing capacities diminishing, it's no wonder that the bank of mum and dad has become the country's fifth-largest lender. But what does this growing divide mean for the future of aspiring homeowners and society at large?

Today’s guest, Brian Hartzer - Chairman of 2Be, Beforepay and Reejig brings his extensive banking experience and fintech expertise to shed light on innovative lending solutions. His extensive involvement as an angel investor and advisor to numerous fintech and technology start-ups positions him as a leading voice in the industry.

Join us as we explore the opportunities emerging from the current lending landscape and discuss how innovation can bridge the gap between first home buyers and their dreams of homeownership. We'll delve into the development of alternative lending products and how they can empower those who don't have the luxury of familial financial assistance.

Don't miss this enlightening conversation that addresses the pressing challenges faced by home buyers in Australia and unveil the possibilities created by fintech and start-ups in the lending space.

Episode Highlights:

00:00 - Welcome

01:19 - Who is Brian Hartzer?

02:58 - How big is the bank of mum and dad?

03:35 - Are older homeowners being overlooked in the borrowing landscape?

06:19 - Reasons why people over 55 want to borrow money

10:20 - What is a reverse mortgage?

12:58 - How does a reverse mortgage work?

14:32 - Reverse mortgages and the difference in interest rates

17:54 - The future of super funds in this space

19:28 - The bank of mum and dad situation

21:58 - The advantages of having a parental guarantee

27:23 - Brian’s take on the current banking industry

32:15 - What’s driving the net interest margin down?

35:27 - Are banks writing loans under the cost of the capital?

40:09 - What’s going on with the banks’ lending to customers?

50:07 - The longest downturn Australia’s had in property prices

55:14 - How Brian feels about the Reserve Bank of Australia

55:56 - Brian Hartzer’s property dumbo

About Our Guest:

Brian Hartzer is a seasoned executive, mentor, and investor. He was the CEO of the Westpac Banking Group from 2015 to 2019 and has held leadership positions in major banks in Australia and the UK. Brian has also served as Chairman of the Australian Banking Association and the Retail Banking Committee of the British Bankers Association. In addition, he is involved with multiple startups in Sydney as Chairman and serves as a senior advisor to a data science company. Brian is actively engaged in philanthropic endeavors, including being the President of the Board of Trustees of the Australian Museum. He holds a degree in European History from Princeton University, is a Chartered Financial Analyst, and holds dual US and Australian citizenship.

Connect with Brian Hartzer:
Connect with Brian on LinkedIn: https://www.linkedin.com/in/brianhartzer/
Visit the 2Be Website: https://www.2be.com.au/

Resources Mentioned in the Episode:

Listen to Episode 49 of the Your First Home Buyer Guide Podcast - What Can Go Wrong When Borrowing from the Bank of Mum & Dad? (with Barry Frakes) https://www.homebuyeracademy.com.au/podcasts/049

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at:
The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

With property prices soaring and borrowing capacities diminishing, it's no wonder that the bank of mum and dad has become the country's fifth-largest lender. But what does this growing divide mean for the future of aspiring homeowners and society at large?
Today’s guest, Brian Hartzer - Chairman of 2Be, Beforepay and Reejig brings his extensive banking experience and fintech expertise to shed light on innovative lending solutions. His extensive involvement as an angel investor and advisor to numerous fintech and technology start-ups positions him as a leading voice in the industry.
Join us as we explore the opportunities emerging from the current lending landscape and discuss how innovation can bridge the gap between first home buyers and their dreams of homeownership. We'll delve into the development of alternative lending products and how they can empower those who don't have the luxury of familial financial assistance.
Don't miss this enlightening conversation that addresses the pressing challenges faced by home buyers in Australia and unveil the possibilities created by fintech and start-ups in the lending space.
Episode Highlights:
00:00 - Welcome
01:19 - Who is Brian Hartzer?
02:58 - How big is the bank of mum and dad?
03:35 - Are older homeowners being overlooked in the borrowing landscape?
06:19 - Reasons why people over 55 want to borrow money
10:20 - What is a reverse mortgage?
12:58 - How does a reverse mortgage work?
14:32 - Reverse mortgages and the difference in interest rates
17:54 - The future of super funds in this space
19:28 - The bank of mum and dad situation
21:58 - The advantages of having a parental guarantee
27:23 - Brian’s take on the current banking industry
32:15 - What’s driving the net interest margin down?
35:27 - Are banks writing loans under the cost of the capital?
40:09 - What’s going on with the banks’ lending to customers?
50:07 - The longest downturn Australia’s had in property prices
55:14 - How Brian feels about the Reserve Bank of Australia
55:56 - Brian Hartzer’s property dumbo
About Our Guest:
Brian Hartzer is a seasoned executive, mentor, and investor. He was the CEO of the Westpac Banking Group from 2015 to 2019 and has held leadership positions in major banks in Australia and the UK. Brian has also served as Chairman of the Australian Banking Association and the Retail Banking Committee of the British Bankers Association. In addition, he is involved with multiple startups in Sydney as Chairman and serves as a senior advisor to a data science company. Brian is actively engaged in philanthropic endeavors, including being the President of the Board of Trustees of the Australian Museum. He holds a degree in European History from Princeton University, is a Chartered Financial Analyst, and holds dual US and Australian citizenship.
Connect with Brian Hartzer:
<ul>
<li aria-level="1">Connect with Brian on LinkedIn: <a href="https://www.linkedin.com/in/brianhartzer/">https://www.linkedin.com/in/brianhartzer/</a></li>
<li aria-level="1">Visit the 2Be Website: <a href="https://www.2be.com.au/">https://www.2be.com.au/</a></li>
</ul>
Resources Mentioned in the Episode: 
<ul>
<li aria-level="1">Listen to Episode 49 of the Your First Home Buyer Guide Podcast - What Can Go Wrong When Borrowing from the Bank of Mum &amp; Dad? (with Barry Frakes) <a href="https://www.homebuyeracademy.com.au/podcasts/049">https://www.homebuyeracademy.com.au/podcasts/049</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at:</li>
<ul>
<li aria-level="2">The Elephant in the Room Property Podcast - <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
</ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="http://www.blusk.au">https://www.blusk.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@blusk.au">hello@blusk.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

Advertisement