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 questions@theelephantintheroom.com.au!

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: hello@wealthful.com.au 
Send in your questions to: questions@theelephantintheroom.com.au 

 

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!

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&rsquo;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 <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>!
See you in the episode! 
Episode Highlights:
<ol>
<li aria-level="1">The workforce and supply issues brought by the pandemic [01:24]</li>
<li aria-level="1">How the material and labor shortage affected builders [05:23]</li>
<li aria-level="1">What are builders and developers doing to calm down the cost crisis effect? [10:08]</li>
<li aria-level="1">The current building price index [15:27]</li>
<li aria-level="1">How local and world issues are affecting construction costs [18:14]</li>
<li aria-level="1">The price differences when building in different locations [22:25]</li>
<li aria-level="1">Will prices normalise after the COVID pandemic? [25:20]</li>
<li aria-level="1">COVID&rsquo;s role in business restructures and livelihood [32:06]</li>
<li aria-level="1">Mike&rsquo;s work on the rental loss index [36:55]</li>
<li aria-level="1">Rental loss index findings on vacancy rates [41:40]</li>
<li aria-level="1">Good asset vs vacancy [50:05]</li>
<li aria-level="1">Vacancy rates in the commercial market [54:16]</li>
<li aria-level="1">Mike&rsquo;s property dumbo [57:28] </li>
</ol>
Links from the Show:
<ul>
<li aria-level="1"><a href="https://www.theelephantintheroom.com.au/podcasts/060">Ep 60: Are property investors paying more tax than they need to?&nbsp;</a></li>
<li aria-level="1"><a href="https://www.theelephantintheroom.com.au/podcasts/128">Ep 128: Trends in property investment: What does the data say?&nbsp;</a></li>
<li aria-level="1"><a href="https://rentlossindex.com.au/">The MCG Quantity Surveyors Rental Loss Index</a> </li>
</ul>
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a>&nbsp;</li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>&nbsp;</li>
</ul>
&nbsp;
Find this episode on our website: <a href="https://www.theelephantintheroom.com.au/podcasts/223">https://www.theelephantintheroom.com.au/podcasts/223</a>
&nbsp;
If you&rsquo;ve enjoyed this episode, don&rsquo;t forget to like, share, rate and subscribe for more!

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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