Economic headwinds are building in Australia, with rising inflation,  interest rates on the up, and low wages growth – what exactly is at stake for property owners and homebuyers? 

What’s driving the global inflation crisis? Has consumer behaviour changed with high interest rates? How is the younger generation coping with the unaffordability of houses? 

Joining us to talk about these issues is Saul Eslake, one of Australia’s best-known economists. We cover the challenges home buyers are facing with the current state of the economy, the effects of wage stagnation despite low unemployment, Saul’s thoughts on whether the economy will recover, 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:
Saul’s thoughts on the global inflation increase [02:18]
Supply chain issues and how to respond [08:52]
Australia’s wage stagnation problem [12:25]
How immigration affects the economy [14:51]
Addressing the oil price hikes [18:53]
How interest rate rises affect consumer behaviour [22:13]
Will government spending create more issues at a time of high inflation? [28:06]
The unusual effects of economic recession [32:02]
Saul’s views on the Falinski Report on Housing Affordability [37:06]
On Scott Morrison’s 5% deposit scheme [43:48]
How the younger generation is coping with the housing issue [46:29]
Presumed timeline on Australia’s economic recovery [48:50]
Global economies Australia could mirror [56:28]



About our guest: 

Saul Eslake is one of Australia’s best-known economists. He’s been following, analyzing and offering commentary and advice on the Australian and other economies for more than 40 years.

In July 2015 Saul started up his own economics consultancy business, operating out of Hobart, and in April 2016 took up a part-time position as a Vice-Chancellor’s Fellow at the University of Tasmania.

Saul is a member of the Australian Parliamentary Budget Office’s Advisory Panel; the Australian Taxation Office’s ‘Tax Gap’ Advisory Panel; and is on the Advisory Board of Jamieson Coote Bonds, a Melbourne-based specialist bond investment manager. He also chairs the CSIRO’s Decadal Climate Forecasting Advisory Board.



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/227


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

Economic headwinds are building in Australia, with rising inflation,&nbsp; interest rates on the up, and low wages growth &ndash; what exactly is at stake for property owners and homebuyers?&nbsp;
What&rsquo;s driving the global inflation crisis? Has consumer behaviour changed with high interest rates? How is the younger generation coping with the unaffordability of houses?&nbsp;
Joining us to talk about these issues is Saul Eslake, one of Australia&rsquo;s best-known economists. We cover the challenges home buyers are facing with the current state of the economy, the effects of wage stagnation despite low unemployment, Saul&rsquo;s thoughts on whether the economy will recover, 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">Saul&rsquo;s thoughts on the global inflation increase [02:18]</li>
<li aria-level="1">Supply chain issues and how to respond [08:52]</li>
<li aria-level="1">Australia&rsquo;s wage stagnation problem [12:25]</li>
<li aria-level="1">How immigration affects the economy [14:51]</li>
<li aria-level="1">Addressing the oil price hikes [18:53]</li>
<li aria-level="1">How interest rate rises affect consumer behaviour [22:13]</li>
<li aria-level="1">Will government spending create more issues at a time of high inflation? [28:06]</li>
<li aria-level="1">The unusual effects of economic recession [32:02]</li>
<li aria-level="1">Saul&rsquo;s views on the Falinski Report on Housing Affordability [37:06]</li>
<li aria-level="1">On Scott Morrison&rsquo;s 5% deposit scheme [43:48]</li>
<li aria-level="1">How the younger generation is coping with the housing issue [46:29]</li>
<li aria-level="1">Presumed timeline on Australia&rsquo;s economic recovery [48:50]</li>
<li aria-level="1">Global economies Australia could mirror [56:28] </li>
</ol>
About our guest:&nbsp;
Saul Eslake is one of Australia&rsquo;s best-known economists. He&rsquo;s been following, analyzing and offering commentary and advice on the Australian and other economies for more than 40 years.
In July 2015 Saul started up his own economics consultancy business, operating out of Hobart, and in April 2016 took up a part-time position as a Vice-Chancellor&rsquo;s Fellow at the University of Tasmania.
Saul is a member of the Australian Parliamentary Budget Office&rsquo;s Advisory Panel; the Australian Taxation Office&rsquo;s &lsquo;Tax Gap&rsquo; Advisory Panel; and is on the Advisory Board of Jamieson Coote Bonds, a Melbourne-based specialist bond investment manager. He also chairs the CSIRO&rsquo;s Decadal Climate Forecasting Advisory Board. 
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/227">https://www.theelephantintheroom.com.au/podcasts/227</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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