Another year, another fool or forecaster report. 

In this episode, we’ve gathered data and put together a bank scorecard - which banks did a good (or foolish) job of forecasting the property market? Which ones are the most reliable? Is 2022 the year to make a property move? 

Listen in on our discussion on authority bias, world events that affected the property market forecasts, holding bank economists accountable, and heaps 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:
Looking back at bank records [01:35]
Authority bias: Why we assume “experts” are right [06:52] 
World events and factors that affected market forecasts in 2022 [10:34]
Which “experts” should you rely on? [13:04]
The correlation between house prices and interest rates [16:48]
The dangers of making forecasts on a macro level [19:47]
Is it possible to predict risk? [23:54]
How COVID changed the real estate market [26:02]
Is 2022 the time to make a property move? [28:32]
Are apartment investments compromised? [33:32] 
Holding bank economists accountable [35:58] 
Should you base your property buying decisions on forecasts? [39:26]

 

Links from the Show:
Fool or Forecaster Report 2022
Finder RBA Cash Survey
CoreLogic Home Value Index
Scope Economic Survey
Will Higher Interest Rates Cause Property Prices To Fall? 

 

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/222 



If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

Another year, another fool or forecaster report.&nbsp; In this episode, we&rsquo;ve gathered data and put together a bank scorecard - which banks did a good (or foolish) job of forecasting the property market? Which ones are the most reliable? Is 2022 the year to make a property move?&nbsp;
Listen in on our discussion on authority bias, world events that affected the property market forecasts, holding bank economists accountable, and heaps 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">Looking back at bank records [01:35]</li>
<li aria-level="1">Authority bias: Why we assume &ldquo;experts&rdquo; are right [06:52]&nbsp;</li>
<li aria-level="1">World events and factors that affected market forecasts in 2022 [10:34]</li>
<li aria-level="1">Which &ldquo;experts&rdquo; should you rely on? [13:04]</li>
<li aria-level="1">The correlation between house prices and interest rates [16:48]</li>
<li aria-level="1">The dangers of making forecasts on a macro level [19:47]</li>
<li aria-level="1">Is it possible to predict risk? [23:54]</li>
<li aria-level="1">How COVID changed the real estate market [26:02]</li>
<li aria-level="1">Is 2022 the time to make a property move? [28:32]</li>
<li aria-level="1">Are apartment investments compromised? [33:32]&nbsp;</li>
<li aria-level="1">Holding bank economists accountable [35:58]&nbsp;</li>
<li aria-level="1">Should you base your property buying decisions on forecasts? [39:26]</li>
</ol>
&nbsp;
Links from the Show:
<ul>
<li aria-level="1"><a href="https://www.theelephantintheroom.com.au/fool-or-forecaster">Fool or Forecaster Report 2022</a></li>
<li aria-level="1"><a href="https://www.finder.com.au/rba-survey-5-july">Finder RBA Cash Survey</a></li>
<li aria-level="1"><a href="https://www.corelogic.com.au/sites/default/files/2022-02/CoreLogic%20home%20value%20index%20Mar%202022%20FINAL_0.pdf">CoreLogic Home Value Index</a></li>
<li aria-level="1"><a href="https://www.smh.com.au/politics/federal/economic-forecasting-during-the-pandemic-and-what-no-one-saw-coming-20220303-p5a19p.html">Scope Economic Survey</a></li>
<li aria-level="1"><a href="https://www.prosolution.com.au/interest-rates-and-property-prices/">Will Higher Interest Rates Cause Property Prices To Fall?&nbsp;</a></li>
</ul>
&nbsp;
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>
Find this episode on our website: <a href="https://www.theelephantintheroom.com.au/podcasts/222">https://www.theelephantintheroom.com.au/podcasts/222&nbsp;</a> 
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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