After decades of neglect and dwindling investments in public housing, it appears that governments worldwide are finally recognising the urgent need to bolster social housing and incorporate low-cost accommodations in new developments. But what transformations are occurring in this critical space, and can we truly say that governments have already learned from past mistakes in the face of the ongoing rental crisis? Furthermore, what's the timeline for these policy changes to make a real impact?

In today's episode, we jump right into the heart of the affordable housing crisis and the resurgence of social housing initiatives. Our guest, Michele Adair — CEO at the Housing Trust, an organisation dedicated to constructing and managing affordable rental housing for individuals with very low to moderate incomes. With an extensive portfolio of over 1,200 homes and ambitious plans for another 200, Michele offers invaluable insights into the world of affordable housing.

As we dissect the evolving landscape of social housing and government commitments, we inquire about Michele's sentiments regarding the current climate. Does she see genuine reason for optimism amid the housing crisis?

Tune in to explore the pressing issue of housing inequality and discover how individuals like Michele Adair are forging change, and propelling us toward a future where housing is not a luxury but a fundamental right.

Episode Highlights:

00:00 - Introduction

01:04 - Who is Michele Adair?

01:41 - Is the current changing landscape of social housing supposed to fill us with hope?

07:53 - Michele's update on Tasmania's rental market and short-term accommodations

12:11 - The impact of short-term rental platforms on the long-term rental market

17:49 - Discussing government initiatives, including the Housing Australia Future Fund

20:58 - Evaluation of the ambitious target to build 1.2 million homes over five years

23:47 - Increasing low-income housing in redevelopment: Is it a real change?

27:41 - Michele discusses innovative solutions for housing and taxation

30:45 - Vacant properties in Australia and potential solutions

33:45 - What affordable housing solutions are currently open in Australia?

40:19 - The importance of density and creative solutions

45:49 - Michele Adair’s property dumbo

About Our Guest:

Michele Adair is the CEO of Housing Trust in Wollongong, a company dedicated to building and managing affordable rental housing. With a portfolio of 1,200 homes and plans for 200 more, the company is valued at over $250 million. Michele also serves as the inaugural Chair of Homes Tasmania, tasked with creating 10,000 social and affordable homes in 10 years. Her extensive career includes leadership roles in various organisations, such as the Community Housing Industry Association of NSW and Cystic Fibrosis NSW. Beyond her professional accomplishments, Michele is a mother, grandmother, and avid golfer, known for her effective advocacy and contributions to policy reforms in affordable housing, health, and gender equity. She's been recognised with awards such as the Illawarra's Outstanding Business Leader of the Year in 2021 and the UDIA National Women in Leadership Award for Excellence in 2023.

Connect with Michele Adair:
Follow Michele on LinkedIn: https://www.linkedin.com/in/michele-adair/

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast 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

After decades of neglect and dwindling investments in public housing, it appears that governments worldwide are finally recognising the urgent need to bolster social housing and incorporate low-cost accommodations in new developments. But what transformations are occurring in this critical space, and can we truly say that governments have already learned from past mistakes in the face of the ongoing rental crisis? Furthermore, what's the timeline for these policy changes to make a real impact?
In today's episode, we jump right into the heart of the affordable housing crisis and the resurgence of social housing initiatives. Our guest, Michele Adair — CEO at the Housing Trust, an organisation dedicated to constructing and managing affordable rental housing for individuals with very low to moderate incomes. With an extensive portfolio of over 1,200 homes and ambitious plans for another 200, Michele offers invaluable insights into the world of affordable housing.
As we dissect the evolving landscape of social housing and government commitments, we inquire about Michele's sentiments regarding the current climate. Does she see genuine reason for optimism amid the housing crisis?
Tune in to explore the pressing issue of housing inequality and discover how individuals like Michele Adair are forging change, and propelling us toward a future where housing is not a luxury but a fundamental right.
Episode Highlights:
00:00 - Introduction
01:04 - Who is Michele Adair?
01:41 - Is the current changing landscape of social housing supposed to fill us with hope?
07:53 - Michele's update on Tasmania's rental market and short-term accommodations
12:11 - The impact of short-term rental platforms on the long-term rental market
17:49 - Discussing government initiatives, including the Housing Australia Future Fund
20:58 - Evaluation of the ambitious target to build 1.2 million homes over five years
23:47 - Increasing low-income housing in redevelopment: Is it a real change?
27:41 - Michele discusses innovative solutions for housing and taxation
30:45 - Vacant properties in Australia and potential solutions
33:45 - What affordable housing solutions are currently open in Australia?
40:19 - The importance of density and creative solutions
45:49 - Michele Adair’s property dumbo
About Our Guest:
Michele Adair is the CEO of Housing Trust in Wollongong, a company dedicated to building and managing affordable rental housing. With a portfolio of 1,200 homes and plans for 200 more, the company is valued at over $250 million. Michele also serves as the inaugural Chair of Homes Tasmania, tasked with creating 10,000 social and affordable homes in 10 years. Her extensive career includes leadership roles in various organisations, such as the Community Housing Industry Association of NSW and Cystic Fibrosis NSW. Beyond her professional accomplishments, Michele is a mother, grandmother, and avid golfer, known for her effective advocacy and contributions to policy reforms in affordable housing, health, and gender equity. She's been recognised with awards such as the Illawarra's Outstanding Business Leader of the Year in 2021 and the UDIA National Women in Leadership Award for Excellence in 2023.
Connect with Michele Adair:
<ul>
<li aria-level="1">Follow Michele on LinkedIn: <a href="https://www.linkedin.com/in/michele-adair/">https://www.linkedin.com/in/michele-adair/</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: The Elephant in the Room Property Podcast <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
<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

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