Will it really create housing affordability and will there be unintended consequences?

In this episode we stir up the conversation on Labor’s negative gearing policy and just how crazy we believe it will be if they successfully get it legislated. To help you better understand what could happen, we bring in parts of the conversations we’ve had with some of the smartest minds in property - Pete Wargent, The Kouk, Tyron Hyde and Ben Kingsley.

For us, it is wildly outrageous that they believe this will help first home buyers get what they really want long term; a home in a highly desirable location. In fact we believe it will make it even harder for them.

Labor are forgetting that a lot is riding on keeping our property investment industry stable and flowing, but in order to win votes they will bring financial pain to property owners all over the country. For properties not traditionally bought by investors, such as houses in the inner rings of capital cities, this will not have a huge impact. But for properties that are bought almost entirely by investors such as units, new apartments and holidays homes, this could be catastrophic.  There are so many flaws in this policy design and this episode explores what the consequences could be if it gets the go ahead.

Blog mentioned:Stuart Weymss

Episodes mentioned:Pete WargentBen KingsleyTyron HydeStephenKoukoulas

Download the transcript:

www.thelephantintheroom.com.au/podcasts048

Work with Veronica? info@gooddeeds.com.au

Work with Chris? hello@wealthful.com.au

Will it really create housing affordability and will there be unintended consequences? In this episode we stir up the conversation on Labor’s negative gearing policy and just how crazy we believe it will be if they successfully get it legislated. To help you better understand what could happen, we bring in parts of the conversations we’ve had with some of the smartest minds in property - Pete Wargent, The Kouk, Tyron Hyde and Ben Kingsley. For us, it is wildly outrageous that they believe this will help first home buyers get what they really want long term; a home in a highly desirable location. In fact we believe it will make it even harder for them. Labor are forgetting that a lot is riding on keeping our property investment industry stable and flowing, but in order to win votes they will bring financial pain to property owners all over the country. For properties not traditionally bought by investors, such as houses in the inner rings of capital cities, this will not have a huge impact. But for properties that are bought almost entirely by investors such as units, new apartments and holidays homes, this could be catastrophic. There are so many flaws in this policy design and this episode explores what the consequences could be if it gets the go ahead. Blog mentioned:<a href="https://www.prosolution.com.au/calling-the-bottom-of-the-property-market/" target="_blank" rel="noopener">Stuart Weymss</a> Episodes mentioned:<a href="https://www.theelephantintheroom.com.au/podcasts/024" target="_blank" rel="noopener">Pete Wargent</a><a href="https://www.theelephantintheroom.com.au/podcasts/032" target="_blank" rel="noopener">Ben Kingsley</a> <a href="https://www.theelephantintheroom.com.au/podcasts/15" target="_blank" rel="noopener">Tyron Hyde</a> <a href="https://www.theelephantintheroom.com.au/podcasts/043">Stephen</a> <a href="https://www.theelephantintheroom.com.au/podcasts/043" target="_blank" rel="noopener">Koukoulas</a> Download the transcript: <a href="http://www.thelephantintheroom.com.au/podcasts0XX">www.thelephantintheroom.com.au/podcasts048</a> Work with Veronica? <a href="mailto:info@gooddeeds.com.au">info@gooddeeds.com.au</a> Work with Chris? <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</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

Will it really create housing affordability and will there be unintended consequences?

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