Could increasing housing supply alone effectively address our current affordability challenges, or is the housing crisis more accurately characterised as just a recurring issue with a new label?

In this episode, we sit down with Dr. Cameron Murray, Chief Economist at Fresh Economic Thinking who specialises in property and urban development. We dive into the question of whether the term "crisis" accurately captures the challenges of the housing market, or if it's a situation we've already faced before under different names.

Dr. Murray's new book, "The Great Housing Hijack," takes a critical look at the misconceptions driving up prices for both renters and buyers. We discuss whether simply building more houses is the key to solving the problem, or if there are deeper issues at play that need to be addressed.

We've included a lot of relevant topics in this conversation including zoning changes and alternative solutions to the housing crisis, so tune in to get a clearer picture of the complex issues surrounding these property market issues.

Episode Highlights:

00:00 - Introduction

01:14 - Who is Dr. Cameron Murray?

02:03 - What motivated Cameron to write the book “The Great Housing Hijack”?

06:06 - How do market equilibria affect the perception of a housing crisis?

14:32 - Why zoning changes won’t immediately create a development boom

17:14 - Who can assist with funding for housing development?

23:24 - Why Cameron disagrees with those who cite Auckland as proof that rezoning works

28:23 - Analysing the interplay between human behaviour and housing market trends

34:36 - Cameron shares his thoughts around NIMBY-ism

38:52 - Assessing factors that could stall long-term housing trends

46:24 - Why is the assumption that supply alone can solve the housing crisis flawed?

51:13 - Should public housing be considered as a potential solution for affordability issues?

55:57 - The importance of government action in ensuring access to affordable housing for all

59:29 - Potential strategies for government intervention to address housing affordability issues

1:01:13 - Cameron Murray’s property dumbo

About Our Guest:

Dr. Cameron Murray - Chief Economist at Fresh Economic Thinking who is a leading voice in Australia's housing conversations. He recently authored the book "The Great Housing Hijack." With experience as both a renter, homeowner, and landlord, as well as in property development, Dr. Murray brings a practical understanding to his analysis of housing issues.

Connect with Cameron Murray:
Website https://www.fresheconomicthinking.com/
LinkedIn https://www.linkedin.com/in/cameron-murray-39b63017/
Facebook https://www.facebook.com/fresheconomicthinking/

Resources mentioned in this episode:
The Great Housing Hijack: The Hoaxes and Myths Keeping Prices High for Renters and Buyers in Australia https://www.amazon.com.au/Great-Housing-Hijack-keeping-Australia/dp/176147085X

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

Could increasing housing supply alone effectively address our current affordability challenges, or is the housing crisis more accurately characterised as just a recurring issue with a new label?
In this episode, we sit down with Dr. Cameron Murray, Chief Economist at Fresh Economic Thinking who specialises in property and urban development. We dive into the question of whether the term "crisis" accurately captures the challenges of the housing market, or if it's a situation we've already faced before under different names.
Dr. Murray's new book, "The Great Housing Hijack," takes a critical look at the misconceptions driving up prices for both renters and buyers. We discuss whether simply building more houses is the key to solving the problem, or if there are deeper issues at play that need to be addressed.
We've included a lot of relevant topics in this conversation including zoning changes and alternative solutions to the housing crisis, so tune in to get a clearer picture of the complex issues surrounding these property market issues.
Episode Highlights:
00:00 - Introduction
01:14 - Who is Dr. Cameron Murray?
02:03 - What motivated Cameron to write the book “The Great Housing Hijack”?
06:06 - How do market equilibria affect the perception of a housing crisis?
14:32 - Why zoning changes won’t immediately create a development boom
17:14 - Who can assist with funding for housing development?
23:24 - Why Cameron disagrees with those who cite Auckland as proof that rezoning works
28:23 - Analysing the interplay between human behaviour and housing market trends
34:36 - Cameron shares his thoughts around NIMBY-ism
38:52 - Assessing factors that could stall long-term housing trends
46:24 - Why is the assumption that supply alone can solve the housing crisis flawed?
51:13 - Should public housing be considered as a potential solution for affordability issues?
55:57 - The importance of government action in ensuring access to affordable housing for all
59:29 - Potential strategies for government intervention to address housing affordability issues
1:01:13 - Cameron Murray’s property dumbo
About Our Guest:
Dr. Cameron Murray - Chief Economist at Fresh Economic Thinking who is a leading voice in Australia's housing conversations. He recently authored the book "The Great Housing Hijack." With experience as both a renter, homeowner, and landlord, as well as in property development, Dr. Murray brings a practical understanding to his analysis of housing issues.
Connect with Cameron Murray:
<ul>
<li aria-level="1">Website <a href="https://www.fresheconomicthinking.com/">https://www.fresheconomicthinking.com/</a></li>
<li aria-level="1">LinkedIn <a href="https://www.linkedin.com/in/cameron-murray-39b63017/">https://www.linkedin.com/in/cameron-murray-39b63017/</a></li>
<li aria-level="1">Facebook <a href="https://www.facebook.com/fresheconomicthinking/">https://www.facebook.com/fresheconomicthinking/</a></li>
</ul>
Resources mentioned in this episode:
<ul>
<li aria-level="1">The Great Housing Hijack: The Hoaxes and Myths Keeping Prices High for Renters and Buyers in Australia <a href="https://www.amazon.com.au/Great-Housing-Hijack-keeping-Australia/dp/176147085X">https://www.amazon.com.au/Great-Housing-Hijack-keeping-Australia/dp/176147085X</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="http://www.blusk.au">https://www.blusk.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@blusk.au">hello@blusk.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

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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