We’ve been hearing a lot of suggestions on how to solve housing affordability, and one that seems most logical to many (and often hotly debated) is to increase the supply of dwellings.

While that might seem like the best way to go, making it happen is not as easy as it sounds. 

Peter Tulip, Chief Economist at the Centre for Independent Studies, joins us to explore this issue and dispel some popular myths around housing affordability along the way. We also cover the impact negative gearing and CGT have on property prices and whether changing supply costs can do anything to lower demand.

If you enjoy 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:
Why is housing “unaffordability” a big problem long term in Australia? [01:48]
Did Covid contribute to the issue or was it bound to happen anyway? [03:05]
Exchange rates & keeping interest rates lower for longer [06:44]
Does the government really care about high house prices? [10:57] 
The impact negative gearing and CGT have on house prices [13:08]
How can we create equality so people can afford a home they want? [17:21] 
Highrise development & its impact on neighbouring house prices [20:34]
How much does a house's proximity to high-rise buildings impact affordability? [24:58]
Planning restrictions can cause other issues beyond housing affordability [28:28]
Could the planning controls protect a property’s future value? [31:08]
Would changing construction & supply costs do anything to lower demand? [33:22]
Should you worry about short-term demand wiping out additional stamp duty savings? [35:04]
How can we reconcile the 2-speed market of established vs. new stock? [37:52]
Why would you enter a property market with the potential to lose money? [41:37]
The power a country’s Reserve Bank has overall [45:15]
Is printing more money inevitable for countries with negative interest rates? [46:29]
Will migration save the Australian property market & economy? [48:19]
What is the Falinski Inquiry trying to achieve? [50:50]
Peter’s property dumbo [53:08]

 

Link/s from the Show:
Peter’s recent work
Peter’s Earlier Research

 

About Peter

Peter Tulip is the Chief Economist at the Centre for Independent Studies. He’s previously worked in the Research Department of the Reserve Bank of Australia and before that at the Federal Reserve Board of Governors. His recent research focuses on housing and monetary policy.

 

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/201


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

We&rsquo;ve been hearing a lot of suggestions on how to solve housing affordability, and one that seems most logical to many (and often hotly debated) is to increase the supply of dwellings.
While that might seem like the best way to go, making it happen is not as easy as it sounds.&nbsp;
Peter Tulip, Chief Economist at the Centre for Independent Studies, joins us to explore this issue and dispel some popular myths around housing affordability along the way. We also cover the impact negative gearing and CGT have on property prices and whether changing supply costs can do anything to lower demand.
If you enjoy 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!
&nbsp;
Episode Highlights:
<ol>
<li aria-level="1">Why is housing &ldquo;unaffordability&rdquo; a big problem long term in Australia? [01:48]</li>
<ul>
<li aria-level="2">Did Covid contribute to the issue or was it bound to happen anyway? [03:05]</li>
</ul>
<li aria-level="1">Exchange rates &amp; keeping interest rates lower for longer [06:44]</li>
<li aria-level="1">Does the government really care about high house prices? [10:57]&nbsp;</li>
<li aria-level="1">The impact negative gearing and CGT have on house prices [13:08]</li>
<li aria-level="1">How can we create equality so people can afford a home they want? [17:21]&nbsp;</li>
<li aria-level="1">Highrise development &amp; its impact on neighbouring house prices [20:34]</li>
<li aria-level="1">How much does a house's proximity to high-rise buildings impact affordability? [24:58]</li>
<li aria-level="1">Planning restrictions can cause other issues beyond housing affordability [28:28]</li>
<li aria-level="1">Could the planning controls protect a property&rsquo;s future value? [31:08]</li>
<li aria-level="1">Would changing construction &amp; supply costs do anything to lower demand? [33:22]</li>
<li aria-level="1">Should you worry about short-term demand wiping out additional stamp duty savings? [35:04]</li>
<li aria-level="1">How can we reconcile the 2-speed market of established vs. new stock? [37:52]</li>
<li aria-level="1">Why would you enter a property market with the potential to lose money? [41:37]</li>
<li aria-level="1">The power a country&rsquo;s Reserve Bank has overall [45:15]</li>
<li aria-level="1">Is printing more money inevitable for countries with negative interest rates? [46:29]</li>
<li aria-level="1">Will migration save the Australian property market &amp; economy? [48:19]</li>
<li aria-level="1">What is the Falinski Inquiry trying to achieve? [50:50]</li>
<li aria-level="1">Peter&rsquo;s property dumbo [53:08]</li>
</ol>
&nbsp;
Link/s from the Show:
<ul>
<li aria-level="1"><a href="https://www.cis.org.au/experts/research-scholars/peter-tulip/">Peter&rsquo;s recent work</a></li>
<li aria-level="1"><a href="http://petertulip.com/">Peter&rsquo;s Earlier Research</a></li>
</ul>
&nbsp;
About Peter
Peter Tulip is the Chief Economist at the Centre for Independent Studies. He&rsquo;s previously worked in the Research Department of the Reserve Bank of Australia and before that at the Federal Reserve Board of Governors. His recent research focuses on housing and monetary policy.
&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>
&nbsp;
Find this episode on our website: <a href="https://www.theelephantintheroom.com.au/podcasts/201">https://www.theelephantintheroom.com.au/podcasts/201</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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