Martin North jumps into the deep end in this episode mythbusting common misconceptions of property, highlighting the terrible deals and properties people get sold into everyday. All property grows 7% every year, government grants are the best thing since sliced bread and believing that the cheap brand new property you just bought will help you ‘ride the market’... but then there is data.Here’s what we covered:
What is keeping property owners awake at night?
How have spending habits changed during Covid?
Are grants all that they are chalked up to be?
Are developers increasing their margins once new grants come out?
Breaking down the myth that once you're in the property market you can ride it out.
Why are people being misled by the government grants and buying new property?
What is more important, yield or growth?
What demographic is currently buying?
Why the sold data best determines post code future pricing.
Why you should NEVER go the cheap route with property.

This weeks dumbo:
 Purchasing property just before an industrial development is built across the road.

RELEVANT EPISODES:Episode 123 | Martin NorthEpisode 135 | Eliza OwenEpisode 140 | Nicola Powell

GUEST LINKS:DFA Blog - Household finance confidence index

HOST LINKS: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

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 in August, 2020.

https://www.theelephantintheroom.com.au/podcasts/143

Martin North jumps into the deep end in this episode mythbusting common misconceptions of property, highlighting the terrible deals and properties people get sold into everyday. All property grows 7% every year, government grants are the best thing since sliced bread and believing that the cheap brand new property you just bought will help you ‘ride the market’... but then there is data.Here’s what we covered: <ul> <li style="font-weight: 400;">What is keeping property owners awake at night?</li> <li style="font-weight: 400;">How have spending habits changed during Covid?</li> <li style="font-weight: 400;">Are grants all that they are chalked up to be?</li> <li style="font-weight: 400;">Are developers increasing their margins once new grants come out?</li> <li style="font-weight: 400;">Breaking down the myth that once you're in the property market you can ride it out.</li> <li style="font-weight: 400;">Why are people being misled by the government grants and buying new property?</li> <li style="font-weight: 400;">What is more important, yield or growth?</li> <li style="font-weight: 400;">What demographic is currently buying?</li> <li style="font-weight: 400;">Why the sold data best determines post code future pricing.</li> <li style="font-weight: 400;">Why you should NEVER go the cheap route with property.</li> </ul> This weeks dumbo: <ul> <li style="font-weight: 400;"> Purchasing property just before an industrial development is built across the road.</li> </ul> RELEVANT EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/123" target="_blank" rel="noopener">Episode 123 | Martin North</a> <a href="https://www.theelephantintheroom.com.au/podcasts/135" target="_blank" rel="noopener">Episode 135 | Eliza Owen</a> <a href="https://www.theelephantintheroom.com.au/podcasts/140" target="_blank" rel="noopener">Episode 140 | Nicola Powell</a> GUEST LINKS:<a href="https://digitalfinanceanalytics.com/blog/category/household-finance-confidence-index/" target="_blank" rel="noopener">DFA Blog - Household finance confidence index</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="https://linktr.ee/veronicamorgan" target="_blank" rel="noopener">https://linktr.ee/veronicamorgan</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" target="_blank" rel="noopener">hello@wealthful.com.au</a> Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au" target="_blank" rel="noopener">questions@theelephantintheroom.com.au</a> 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 in August, 2020. <a href="https://www.theelephantintheroom.com.au/podcasts/143" target="_blank" rel="noopener">https://www.theelephantintheroom.com.au/podcasts/143</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

Breaking down the negative impact of government grants and consumers being sold into the myth that all property performs well over time.

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