In this episode we bring back the insightful Eliza Owen on the podcast, we interviewed her last year in Episode 81 discussing the previous economic booms and downturns. Eliza has recently been made the Head of Residential Research at CoreLogic and is playing an active role in investigating the impact of the virus on the property market. With new restrictions on real estate in place to curb the growing threat of Covid-19 and with over 150,000 people applying for unemployment benefits Veronica and Chris ask the questions that you’re thinking.

Here’s what we covered:


How far has buyer activity fallen?


How has the clearance rate been affected?


What alternatives do buyers have to auctions?


How quickly will unemployment climb?


How the property market performed after stock market crashes?


Why is the current downturn radically different to past downturns?


Who will be most impacted by falling housing prices?


Is it inevitable that Australia will go into recession


Have the RBA hit rock bottom with rates?


How to recognise opportunity?

MENTIONED EPISODES:Episode 81 | Eliza Owen Episode 88 | Rate cutsEpisode 112 | Coronavirus Update

GUEST LINKS:CoreLogic News Coronavirus and Australian Property MarketContinued Uncertainty Around COVID-19 Has Seen The Preliminary Clearance Rate Take A Hit This Week

HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

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 26 March, 2020.

https://www.theelephantintheroom.com.au/podcasts/115

In this episode we bring back the insightful Eliza Owen on the podcast, we interviewed her last year in Episode 81 discussing the previous economic booms and downturns. Eliza has recently been made the Head of Residential Research at CoreLogic and is playing an active role in investigating the impact of the virus on the property market. With new restrictions on real estate in place to curb the growing threat of Covid-19 and with over 150,000 people applying for unemployment benefits Veronica and Chris ask the questions that you’re thinking. Here’s what we covered: <ul> <li> How far has buyer activity fallen? </li> <li> How has the clearance rate been affected? </li> <li> What alternatives do buyers have to auctions? </li> <li> How quickly will unemployment climb? </li> <li> How the property market performed after stock market crashes? </li> <li> Why is the current downturn radically different to past downturns? </li> <li> Who will be most impacted by falling housing prices? </li> <li> Is it inevitable that Australia will go into recession </li> <li> Have the RBA hit rock bottom with rates? </li> <li> How to recognise opportunity? </li> </ul> MENTIONED EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/081" target="_blank" rel="noopener">Episode 81 | Eliza Owen </a> <a href="https://www.theelephantintheroom.com.au/podcasts/088" target="_blank" rel="noopener">Episode 88 | Rate cuts</a> <a href="https://www.theelephantintheroom.com.au/podcasts/112" target="_blank" rel="noopener">Episode 112 | Coronavirus Update</a> GUEST LINKS:<a href="https://www.corelogic.com.au/news" target="_blank" rel="noopener">CoreLogic News</a> <a href="https://www.corelogic.com.au/news/coronavirus-and-australian-property-market"> Coronavirus and Australian Property Market</a> <a href="https://www.corelogic.com.au/news/continued-uncertainty-around-covid-19-has-seen-preliminary-clearance-rate-take-hit-week" target="_blank" rel="noopener">Continued Uncertainty Around COVID-19 Has Seen The Preliminary Clearance Rate Take A Hit This Week</a> HOST LINKS: Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au" target="_blank" rel="noopener">www.gooddeeds.com.au</a> Work with Veronica: <a href="mailto:info@gooddeeds.com.au">info@gooddeeds.com.au</a>  Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/" target="_blank" rel="noopener">www.wealthful.com.au</a> Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: <a href="http://www.getauctionready.com.au" target="_blank" rel="noopener">www.getauctionready.com.au</a> Use the coupon ELEPHANT for your 30% listener discount. 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 26 March, 2020. <a href="https://www.theelephantintheroom.com.au/podcasts/115" target="_blank" rel="noopener">https://www.theelephantintheroom.com.au/podcasts/115</a>

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

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

How will the real estate industry adapt to the severe restrictions and how will the Australian economy overcome the growing burdens of the virus.

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