Are 10,000 property investors all making the same mistake? In today’s episode, we have a chat with Redom Syed from Confidence Finance about something that’s affecting a lot of property investors today: groupthink. We talk about what happens when investors all start following the same trends and whether that’s helping or hurting them in the long run. Redom shares his take on the risks of this kind of herd mentality, especially when buyers’ agents are driving up demand in certain areas. We also take a closer look at how investor behaviour has shifted over the years, and why focusing solely on areas with momentum might not always be the smartest play. What happens when rental yields start to fall, or when the market slows down? How do investors shift their focus without getting caught up in the crowd? Redom talks about why local knowledge in places like North Queensland or Perth is so critical and how it can make a huge difference when it comes to finding the right investment opportunities. We don’t just talk about the risks, though. We also offer solid advice on how to capitalise on groupthink without falling victim to it. From leveraging rezoning opportunities to structuring your credit smartly to maximise borrowing capacity, Redom shares strategies that go beyond just following the herd. In the end, Redom’s biggest tip for anyone in the property game is simple: don’t just go with the flow because everyone else is. There’s a smarter way to go about the property market, and this conversation is full of ideas on how you can do just that. Episode Highlights: 00:00 - Introduction 01:08 - Who is Redom Syed? 03:18 - How Redom got into exploring groupthink in property investment 05:38 - What are the risks of buyer’s agents driving up demand in specific areas? 08:10 - What if investors shift focus due to falling rental yields? 10:29 - For North Queensland or Perth purchases, is local expertise on property essential? 17:07 - How has investor behaviour evolved in the property market over 10 years? 25:42 - Redom’s biggest tip on capitalising on groupthink in real estate 28:04 - Redom’s top investment strategies beyond momentum investing 40:06 - Where are the best opportunities under Sydney’s medium density housing code? 43:06 - Strategy to leverage rezoning opportunities or planning changes for property investment 45:46 - How to maximise your borrowing capacity through smart credit structuring 48:47 - Redom’s insights about valuations and borrowing capacity for new investors 53:36 - Redom’s biggest advice for everyone about property About Our Guest: Redom Syed is a 7x MPA Magazine Top 100 Mortgage Broker in Australia and the founder of Confidence Finance. Raised in a loving family, his life took a turn when both of his parents lost their jobs, leading to the repossession of their family home. This experience sparked a drive in Redom to take control of his future and finances. Starting as a first-home investor at 22, Redom has now built a sizable property portfolio, having bought and sold dozens of properties. His mission is to help everyday Australians make better financial decisions, empowering them to take control of their futures. Through his YouTube channel and podcast, Australian Property Talk, Redom continues to educate property investors and inspire others to achieve financial freedom. Connect with Redom Syed: LinkedIn https://au.linkedin.com/in/investmentfinance Instagram https://www.instagram.com/redom__australianproperty/ Website https://confidencefinance.com.au/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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  

Ever wondered if changing jobs or working overseas could throw a wrench in your plans to buy a home? In this episode, we dive into some of the most common questions we hear from homebuyers. How long do you need to stay in a new job before applying for a loan? What’s the deal with borrowing as an expat? And does timing your property purchase around a career change make sense? There’s a lot to unpack here, and the answers might surprise you. We also dig into a tricky one: Should you push your borrowing capacity to get a better-quality property but miss out on the first-home buyer grants? Or is it better to take advantage of those grants and settle for a slightly lower-tier asset? It’s not always an easy decision, but we break down the pros and cons to help you weigh it up. If you’ve ever thought about renting out rooms to help you afford a better property or buying an investment property you plan to live in later, this episode will get you thinking. These ideas can work, but they come with their own set of challenges—like tax headaches and cash flow risks—that you’ll want to understand before jumping in. We also talk about the importance of buffers and why lenders' mortgage insurance can sometimes be a good thing, even if it feels counterintuitive. For first-home buyers especially, having a bit of breathing room in your finances can make all the difference. This episode is packed with real-world advice and examples, so if you’re in the thick of buying your first home or even your next one, you’ll want to tune in for this one. Episode Highlights: 00:00 - Introduction 01:57 - How long should I work at my new job to qualify for a first-time home loan? 06:28 - How much of a disadvantage is it to apply for a mortgage as an expat? 11:21 - What’s the smarter choice: higher borrowing power or first-home incentives? 16:39 - Does renting out spare rooms help increase loan capacity? 23:55 - Is it better to buy a house now or after finishing my career change? 37:59 - Chris Bates’ property dumbo 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

How do you know if your strata manager is doing a good job? Amanda Farmer – the owner of Lawyers Chambers, is back with us to share her thoughts on the current state of strata management, especially after the recent media attention that’s put the industry under fire. We talk about what’s happening behind the scenes, why these issues have surfaced, and whether new legislation will actually make a difference—or just create more paperwork. We talk about real concerns regarding commissions, conflicts of interest, and how strata managers can sometimes act without proper instructions. Amanda also gives us some tips on the kinds of questions owners should be asking their managers to make sure they’re getting a fair deal. Plus, we hear about the kinds of practices that make her ranty—and why she’s calling for bigger changes across the industry. If you’re in a strata building, or thinking about buying into one, this episode is a must-listen. Amanda’s insights will help you spot red flags, ask the right questions, and better understand what good management should actually look like. Episode Highlights: 00:00 - Introduction 01:01 - Who is Amanda Farmer? 02:04 - What’s got Amanda hot under the collar about strata? 04:29 - How widespread are unethical practices in strata management across Australia? 06:11 - What reforms are needed to address strata management ethics? 09:24 - Are strata management fees really comparable? 10:56 - What is the overall health of the strata management industry? 15:01 - Are top strata practitioners willing to shape the future or are they going to walk away? 18:45 - Is fear of a strata manager exodus shaping government policy on commissions? 22:53 - How does somebody become a strata manager? 24:18 - How can owners assess if their strata manager is good or bad? 27:20 - Are more people choosing to self-manage their strata properties? 29:20 - Options for replacing a bad strata manager and choosing a better one 32:27 - Has buyer understanding of strata improved, or is it still a barrier to due diligence? 34:25 - Will we ever see national oversight in strata management to address state gaps? 36:54 - What do strata managers need to learn beyond their basic training? 39:17 - Are people misunderstanding the purpose of the sinking fund in strata management? 41:22 - Are investors more likely to run properties into the ground to avoid strata costs? 51:17 - Amanda Farmer’s property dumbo About Our Guest: Amanda Farmer is a lawyer and the owner of Lawyers Chambers, a strata-focussed legal practice in Sydney. She is also the host of the long-running podcast Your Strata Property, the world’s only podcast dedicated to explaining the legal complexities of strata-titled properties. With over 20 years' experience in the strata legal sector, Amanda is both a Fellow and Council Member of the Australian College of Strata Lawyers, and she is also the founder of Women in Strata, a networking group for women working in strata management. An increasingly in-demand speaker and educator, Amanda has been educating strata managers, apartment owners and residents for many years, through round table workshops, webinars, seminars and keynote presentations. Connect with Amanda Farmer: LinkedIn: https://www.linkedin.com/in/amandafarmerlaw/ Facebook: https://www.facebook.com/yourstrataproperty/ Instagram: https://www.instagram.com/yourstrataproperty/ Visit their website: https://yourstrataproperty.com.au/ Lawyers Chambers on LinkedIn: https://www.linkedin.com/company/lawyers-chambers-on-riley-pty-ltd Resources mentioned in this episode: 20 Questions to Ask Your Strata Manager https://yourstrataproperty.com.au/questions/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

What makes auctions so tough for buyers? That’s the question we dive into in this episode. Auctions are often praised for their transparency, but is that really enough to give buyers a fair shot? With seasoned professionals like Justin Nickerson running the show, how can an everyday buyer hope to compete? In this episode, we sit down and have a chat with Justin Nickerson, one of Australia’s most awarded auctioneers, to uncover the secrets behind the auction process. Justin reveals to us why auctions can be so daunting for buyers and shares how his experience—honed over years of practice and thousands of auctions—helps sellers secure the best results. He pulls back the curtain on the techniques auctioneers use to foster competition and keep the momentum going, often leaving buyers struggling to keep up. This conversation doesn’t just highlight the challenges; we also talk about practical advice to help buyers work through the auction landscape. From knowing when to start bidding to maintaining confidence and managing limits, these tips are certainly a game-changer. We also debunk some of the myths around bidding tactics, like waiting until the end to make a move, and explain why they usually don’t work as planned. This episode is indeed full of eye-opening insights and strategies that will surely help buyers feel more confident and in control at auctions. If you’ve ever felt outmatched or uncertain during the bidding process, we provide a fresh perspective to help you approach your next auction with clarity and purpose. It’s a must-listen for anyone looking to improve their auction game and turn the odds in their favour. Episode Highlights: 00:00 - Introduction 01:07 - Who is Justin Nickerson? 01:46 - Justin's perspective on why auctioning is the best way to transact in Brisbane 09:29 - Is it better for agents when auctions have no price guide? 11:18 - Does providing no price guide create transparency or confusion? 13:11 - How do price guide strategies differ between New South Wales and Queensland? 14:53 - Does having no price guide benefit or hinder auctioneers? 18:31 - How to identify dummy bidders 22:17 - What’s the go-to strategy for bidding at auction with minimal data? 25:16 - What tactics can auctioneers use to spice up the bidding and get better results? 27:00 - How do auctioneers manage bidders who are unsure about walking away? 28:57 - What’s your go-to bidding strategy if you can’t use a sniper approach? 33:25 - How important is the skill of an auctioneer in guiding inexperienced bidders? 34:36 - What’s the auctioneer’s role in driving momentum during a competitive auction? 36:23 - How much of an auctioneer's skills are innate versus learned? 40:55 - How much practice is required each week for an average auctioneer? 42:18 - How do auctioneers use buyer profiling to secure the highest bid? 44:45 - Do behavioural factors affect bidding outcomes? 49:01 - Justin Nickerson’s property dumbo About Our Guest: Justin Nickerson, recognized as Australasia's leading auctioneer, has won the prestigious Australasian Auctioneer of the Year award three times and the REIQ Auctioneer of the Year five times. As a highly regarded trainer and speaker, he has presented at major industry events like the AREC conference. A five-time winner of the REIQ Auctioneer of the Year, Justin also triumphed in the inaugural Australasian auctioneering competition at AREC in 2018. His deep understanding and passion for auctioneering fuel his work with top real estate businesses and inform his dynamic training and speaking engagements. Connect with Justin Nickerson: LinkedIn https://au.linkedin.com/in/justin-nickerson-82713bba Website https://apolloauctions.com.au/ Facebook https://www.facebook.com/justin.d.nickerson/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

What’s happening with Adelaide’s property market? Is the incredible boom we’ve been seeing finally coming to an end? In this episode, we’re joined by Peter Koulizos, the property professor, to take a closer look at what’s going on in this fascinating market. Adelaide’s median house price has now overtaken Melbourne’s—for the first time in 40 years! And all this while having a population of less than 1.5 million compared to Melbourne’s 5.5 million. It’s been a remarkable run of price growth since mid-2020, but is the boom about to fizzle out? Peter dives into what’s been driving this surge in Adelaide, looking beyond just affordability to unpack the underlying factors. Is this market still a hidden gem, or are we finally seeing the first signs of it slowing down? If Adelaide’s meteoric rise has caught your eye, this conversation is one you’ll want to hear. Peter’s insights might just change the way you see this city’s property market and where it’s heading. Episode Highlights: 00:00 - Introduction 01:18 - Who is Peter Koulizos? 02:21 - Did the property boom in Adelaide go as planned or unexpectedly? 04:26 - Is the property boom in Adelaide losing momentum or still going strong? 05:39 - Is remote work still allowing people to live thousands of kilometres away? 08:42 - Can Adelaide locals sustain rising property prices amid economic concerns? 12:20 - What kind of growth are Adelaide’s quintessential homes seeing? 13:42 - Key differences/similarities between Adelaide, Perth, and Brisbane’s property markets 17:58 - Peter's thoughts on Adelaide's headwinds of low growth and high property supply 24:52 - Can stamp duty exemptions for baby boomers help better utilise our housing stock? 26:54 - Is housing supply really different from the supply of other commodities? 30:19 - What is actually driving the property market in Adelaide? 34:30 - The impact of the mining industry, and the Olympic Dam, on Adelaide 36:03 - Will the return of people to Brisbane and Adelaide impact local economies and wages? 41:01 - Is it concerning that buyers agents can operate interstate without local licensing? 46:47 - Which Adelaide suburbs are poised for long-term growth beyond COVID trends? 51:03 - Is the rental shortage in Adelaide increasing demand for home purchases? 53:22 - Peter Koulizos’ property dumbo About Our Guest: Peter "The Property Professor" Koulizos, a real estate expert with nearly 30 years of teaching experience, recently retired as the Program Director of the Master of Property at Adelaide University, though he continues to teach. In addition to his academic role, Peter is an active property investor and developer, holding several properties. He researches property markets across Australia to identify top investment suburbs in each capital city and has authored three books: The Property Professor’s Top Australian Suburbs, Property vs Shares, and The Diary of a Small Developer. Connect with Peter Koulizos: Website https://www.peterkoulizospc.com.au/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Legislative changes are shaking up property management across Australia, and the impact reaches much further than we might expect. In this episode, we sit down with Cathie Crampton, National Head of Property Management Growth at Belle Property Corporate, to break down how these new laws are reshaping the roles of landlords, property managers, and tenants alike. With two decades of experience across the country, Cathie has insights from every corner of the industry, making her the perfect guide to help us understand what these shifts really mean for all of us. We explore how property managers are caught between tenant demands and landlord responsibilities, often feeling the pressure as compliance requirements and expectations grow. We also dig into the impact on property management businesses, where rising costs and tighter rules are forcing agency owners to rethink their approach. From adopting tech solutions to adjusting rent rolls, property managers are finding creative ways to handle these changing landscapes to keep operations sustainable. As we wrap up, we look ahead at where the industry might be headed. With regulation on the rise, the role of property managers could shift toward a more professional, advisory focus—but it’s a challenging road ahead. This episode is essential listening for anyone wanting to understand how these policies are reshaping the property market and what lies ahead for all of us. Episode Highlights: 00:00 - Introduction 01:09 - Who is Cathie Crampton? 01:54 - How tough has it been for property managers over the last few years? 05:11 - Latest legislation and compliance requirements affecting property owners in Victoria 09:07 - What’s the real impact of first home buyers competing with tenants for rental stock? 12:09 - How has the turnover rate of investment properties changed since COVID? 14:31 - How are property management businesses coping with rising expenses? 18:52 - Key changes property managers are making to serve consumers better 23:00 - What are the implications of the no grounds eviction law on property management? 26:38 - The impact of the two-week holding deposit rule on renters who can't provide references 29:22 - Which areas are facing rental market challenges due to investors selling? 34:40 - Have proptech platforms failed to disrupt the property management industry? 38:56 - Cathie’s thoughts on reorganising the way property management is done 43:00 - Should property managers be offering investment advice without proper expertise? 47:13 - Cathie Crampton’s property dumbo About Our Guest: Cathie Crampton is the National Head of PM Growth & Performance at Belle Property Corporate, bringing 20 years of success in property management across Australian markets. Her vast real estate experience, combined with strong empathy and business acumen, makes her a valuable asset in optimising PM business returns with principals at the business level. Known for her leadership, mentoring abilities, and passion for real estate, Cathie supports business owners in enhancing their performance while fostering a positive work environment. A respected industry figure and frequent speaker, she embodies Belle Property’s people-focused excellence, contributing significantly to the team. Connect withCathie Crampton: LinkedIn https://au.linkedin.com/in/cathie-crampton Website https://www.belleproperty.com/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Underquoting, auction tactics, and market sentiment—some of real estate’s most controversial topics. These are exactly what we’re diving into today with Thomas McGlynn, CEO of BresicWhitney. There's no holding back as we talk about the realities behind underquoting, why it’s so hard to avoid in a competitive market, and the fine line agents walk when trying to attract buyers without misleading them. As Thomas puts it, even with laws in place, agents are often forced into tough positions: when one agent quotes low, others often have to adjust their guides just to compete. It’s a tightrope that often leaves buyers frustrated and sellers with high expectations. We also dig into the auction room itself and the psychology at play there. We take a unique look at how auctioneers manage to draw more from buyers than they initially intend to spend, all without crossing ethical lines. We discuss the difference between registered and active bidders, noting how this insight gives us a real-time view of market confidence—a far more useful indicator than auction clearance rates alone. Finally, we share our thoughts on the current market and where we think it’s headed. With interest rates soaring high, buyers are naturally hesitant, but we believe those who buy now could see the rewards by late 2025, especially in sentiment-driven markets like Sydney. Once rates eventually ease, buyer confidence is expected to surge, and we’ll see a market shift. It’s an honest, in-depth conversation about the realities of today’s market, what buyers can expect, and why timing and strategy are everything. Tune in and let's get started! Episode Highlights: 00:00 - Introduction 01:06 - Who is Thomas McGlynn? 02:09 - Unique insights Thomas has gained from years in auctioneering 03:25 - How Thomas gauges the market’s direction beyond bidder numbers at auctions 06:47 - Thomas McGlynn's thoughts on agents facing underquoting challenges 15:54 - How do master auctioneers convince bidders to go beyond their budget? 18:47 - Observation on the new breed of buyers agents in recent years 21:00 - The current market phase and its impact on buyers through 2025 26:44 - How do agents manage open databases while complying with privacy legislation? 31:56 - How does business adapt to lower turnover rates while identifying potential sellers? 37:55 - What does it take for an agent to get to the top of the game and just stay on top? 49:32 - Thomas McGlynn’s property dumbo About Our Guest: Thomas McGlynn is the CEO of BresicWhitney, a Sydney-based property group, and is recognised as one of Australia’s leading thought leaders, mentors, and real estate coaches. With over two decades of experience, he has built and led high-performing teams and held leadership roles within national real estate groups in Queensland and Sydney. Known as the ‘voice of Sydney property,’ Thomas has a strong media presence and is an authority on current and emerging market trends, utilizing his extensive auctioneering expertise to educate and inform both state and national audiences about the dynamics of the Sydney property industry. Connect with Thomas McGlynn: Instagram https://www.instagram.com/thomasmcglynn/ LinkedIn https://www.linkedin.com/in/thomas-mcglynn-96604464/ Facebook https://www.facebook.com/tmcglynn/ Website https://bresicwhitney.com.au/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Is putting property into your SMSF a good idea, or could it be too risky? SMSF advisor Liam Shorte from Sonas Wealth joins us today to explore this hot topic, giving practical insights on the benefits of more control, tax advantages, and the hidden costs and risks that SMSF investors often miss. We explore the appeal of property investment within an SMSF for those aiming to diversify their retirement strategies, with Liam highlighting both the potential benefits and risks involved. While property can offer control and growth, Liam has seen many investors fall prey to unqualified advice and costly mistakes. The key, he says, is understanding the rules and avoiding schemes marketed as “one-stop-shops”—these setups often come with high risks and may not align with an investor’s long-term goals. We also emphasise the importance of maintaining balance within an SMSF portfolio, ensuring that there’s adequate liquidity to support flexibility as life stages and retirement plans evolve. Compliance is another major factor, as SMSFs face strict ATO oversight. From penalties to complex reporting, there’s no margin for error, and Liam illustrates this with examples from clients who have successfully coursed through these requirements by investing thoughtfully, like buying commercial property to lease back to a family business. Throughout the episode, Liam shares insights on managing SMSF property investment with smart, tailored strategies. His practical advice provides a framework for building an SMSF that fits your financial goals without overloading on risks or overlooking critical tax and compliance obligations. Episode Highlights: 00:00 - Introduction 01:02 - Who is Liam Shorte? 01:49 - What is a fellow SMSF specialist advisor? 02:43 - What is an SMSF? 04:52 - Biggest risks in handling SMSF funds for different retirement stages 06:14 - How to manage trustee disagreements in SMSF strategy setting 08:33 - Has competition shifted SMSF drivers from fee savings to investment options? 12:24 - Key compliance and cost factors to think about when starting an SMSF 16:11 - Are people finally realising the full potential of super contributions? 19:31 - The implications of investing in property through super for younger investors 24:04 - Is an SMSF right for you? Who should consider it? 27:24 - Are women better investors than men? 33:21 - The dangers of focusing solely on residential property in an SMSF 35:36 - Mitigating the risks of having an unbalanced SMSF portfolio heavily focused on property 42:11 - Common mistakes investors make with residential property in their super 51:36 - Liam Shorte’s property dumbo About Our Guest: Liam Shorte, a Fellow SMSF Specialist Advisor™ and Financial Planner with Sonas Wealth, brings 30 years of experience across Australia, Ireland, the UK, and the Middle East. Liam specialises in superannuation, retirement, estate planning, investment, and tax strategies, with a strong focus on Self-Managed Super Funds and Family Trusts. His blog, The SMSF Coach, demystifies industry jargon for SMSF trustees. He advises clients across NSW, QLD, and Victoria, and has earned accolades, including SMSF Adviser of the Year (2021) and a place in Barron’s Top 50 Financial Advisers in Australia. Liam holds a Bachelor of Business, Advanced Diploma in Financial Services, and multiple industry certifications, and in 2024, was appointed to ASIC’s Financial Advisers Consultative Panel. Connect with Liam Shorte: LinkedIn https://au.linkedin.com/in/liamshorte Website https://smsfcoach.com.au/ Instagram https://www.instagram.com/smsfcoach/ Sonas Wealth Website https://www.sonaswealth.com.au/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

We’re all familiar with energy ratings on appliances and cars, but what if your home came with one too? Could this be where the housing market is headed? Today, we sit down with Cecille Weldon, Australia’s top expert in residential energy efficiency, to explore what this could mean for the future of housing. Could energy ratings become the next game-changer in real estate? Cecille breaks it down for us — how homes might be rated, who will cover the costs, and whether property buyers and tenants are really willing to pay more for energy-efficient living. With rising energy costs and climate change in the spotlight, this couldn’t be a more timely discussion. We also talk about the big moves happening behind the scenes with Cecille giving us the scoop on her work with the NSW Government’s Sustainable Homes team, which is pushing for energy ratings to become a standard at the point of sale or rent. It’s all about making homes healthier, more comfortable, and cheaper to run in the long term. Tune in to understand how these upcoming changes could reshape the property landscape — and what it potentially means for your next move. Let's get started! Episode Highlights: 00:00 - Introduction 01:12 - Who is Cecile Weldon? 02:29 - How has livability and sustainability evolved in the property industry since? 05:27 - What role does energy efficiency play in property value beyond just purchase price? 09:05 - How are rising energy costs affecting buyers' decisions in the property market? 13:03 - The complexities of property value and buyer behaviour in the property market 19:35 - Are homeowners choosing kitchen upgrades over energy efficiency improvements? 21:31 - Will energy efficiency standards for properties be mandatory or voluntary in Australia? 25:51 - Will energy efficiency improvements be viewed as non-essential expenses? 30:10 - How properties are going to be assessed for energy efficiency plus potential costs 32:56 - Will living in a home for 10-15 years drive the adoption of energy-efficient solutions? 38:34 - How homeowners can make energy-efficient changes without big expenses 43:13 - Are investors in Victoria required to upgrade to new energy standards? 47:10 - Challenges in the real estate sector regarding energy efficiency upgrades 50:45 - What challenges exist for upgrading energy efficiency in strata buildings? 53:00 - How to encourage strata owners to prioritise cladding safety upgrades? 58:07 - Cecille Weldon’s property dumbo About Our Guest: Cecille Weldon is the founder of Future Agent Academy and director of Weldonco Advisory, recognised as one of Australia's leading experts in residential energy efficiency, property value, and the property marketing sector. An accomplished Proptech entrepreneur with a background in real estate, franchising, research, communications, and education, Cecille provides insights on consumer demands, the impact of climate change, and new regulations in the property industry. With qualifications including a BA, DipEd, and GradDipLing, she has developed courses for real estate agents and serves on various boards, including the Proptech Association and the REEDI Forum. Cecille's passion lies in enhancing property capabilities, emphasising the importance of energy efficiency in boosting property value, and addressing the need for healthier, more affordable homes. Connect with Cecille Weldon: LinkedIn https://www.linkedin.com/in/cecille-weldon-56100a13/ Weldonco's Website https://www.weldonco.com.au/ Future Agent's Website https://www.futureagent.com.au/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

What’s really going on in Australia’s property market? In this episode, we sit down with Cameron Kusher, Executive Director of Economic Research at REA Group, to unpack the trends shaping the Australian property market right now. With access to some of the country’s most comprehensive property data, Cameron sheds light on what buyers are searching for, where listings are rising, and how this all connects to transactions and prices. We dig into regional differences in price growth—why places like Perth and Adelaide are surging, while Melbourne struggles—and what’s driving these changes. Cameron explains how the rental market is finally loosening up, making it easier for sellers to transition, and we discuss the growing influence of investors in certain areas. We also talk through the impact of interest rates and how expectations of future cuts are influencing sellers’ behaviour. There’s a fascinating shift happening with buyers too—more selectiveness, fewer bidders at auctions, and changing preferences driven by necessity rather than desire. We touch on how affordability is pushing renters out to the fringes, and Cameron shares insights into how the work-from-anywhere trend is reshaping migration patterns. This episode really gets under the hood of the property market. If you’re curious about how things are tracking and what’s around the corner, you won’t want to miss it! Episode Highlights: 00:00 - Introduction 01:09 - Who is Cameron Kusher? 01:39 - How is the spring market shaping up for real estate? 03:33 - Spring selling season dynamics 06:02 - Regional market trends and price divergence 08:26 - Is property market urgency on the rise based on recent search data? 14:00 - Perth's unique market conditions 17:25 - How does REA view the long-term decline in property turnover rates? 20:00 - Factors influencing established dwelling prices 23:20 - Which property types or areas show the best capital growth based on transaction data? 25:24 - Key factors that contribute to the established dwelling price movements 28:47 - Are relocation trends shifting based on geotagged property inquiries? 35:00 - Have you noticed a drop in online demand as rental price growth has slowed recently? 39:13 - Are you seeing trends in rental properties being sold as investors exit the market? 46:33 - What exciting innovations in buyer products are on the horizon at REA? 50:11 - Cameron Kusher’s property dumbo 50:42 - Is there alignment between the PIPA survey results and REA’s online user interest? About Our Guest: Cameron Kusher is the Executive Director of Economic Research at REA Group, with 20 years of experience across residential and commercial property sectors. His expertise spans valuations, property development, consulting, and market research, giving him a deep understanding of demographics, trends, and economics. Before joining REA, he spent over 11 years at CoreLogic as Head of Research for Australia. Cameron oversees the production of REA’s market reports and engages with media, customers, and industry stakeholders. Known as a thought leader, he frequently provides commentary, delivers keynote speeches, and writes on housing trends, demographics, mortgage markets, and industry opportunities. He holds a Bachelor of Applied Science in Property Economics from Queensland University of Technology. Connect with Cameron Kusher: Website https://realestate.com.au/ LinkedIn https://www.linkedin.com/in/cameron-kusher-bbb71b46/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

How can it be that investors are both selling off properties and borrowing record amounts of money at the same time? In a market with rising interest rates, stricter tenancy laws, and increasing property taxes, why is investor activity still so high? And what does this say about the future of property investment in Australia? In this episode, we are joined by Stuart Wemyss from ProSolution Private Clients to dig into this situation and break down why, despite all the economic pressures, investor lending is hitting all-time highs in some regions, like Western Australia, while cities like Melbourne and Sydney are feeling the pinch. We talk about how government policies, borrowing capacities, and market psychology are driving these surprising trends. We also talk about the mindset behind continued property investment – especially in more affordable markets – and why the belief in property as a wealth builder remains so strong. There’s a lot more to it than just the numbers. So if you’re trying to wrap your head around what’s happening in the property investment space right now, this episode will give you the clarity and insight you need to make sense of it all. Episode Highlights: 00:00 - Introduction 01:13 - Who is Stuart Wemyss? 01:50 - Is now an ideal time for property investment? 07:01 - Did pre-2013 lending levels ever match today’s highs? 14:03 - Will banks create new products to help first home buyers enter the market? 16:42 - What's really behind the rising investor borrowing and selling rates? 19:13 - How is the shift to investment properties changing Australia's rental dynamics? 36:03 - Is there a shift in investor behaviour due to upcoming policy discussions? 38:53 - Is there growing interest in using superannuation to invest in property? 42:05 - How are current borrowers responding to the potential direction of interest rates? 43:45 - What attitudes are shifting among generations in the Melbourne property market? 52:10 - Stuart Wemyss’ property dumbo About Our Guest: Stuart Wemyss is a qualified chartered accountant, independent financial adviser and mortgage broker with over 20 years' experience. His business, ProSolution Private Clients, has helped hundreds of people invest successfully. Stuart is licensed to provide financial, credit and tax advice, which means he's able to give holistic advice.Stuart has always believed in the need for people to be able to access trustworthy, independent financial advice. Nothing upsets him more than to hear about selfish advisers ripping off their unsuspecting clients! This passion is what drives him daily to write books and blogs, publish podcasts, appear in the media, advise his clients, mentor his staff and give presentations &– whatever it takes to help more people access a source of unbiased information and advice. Connect with Stuart Wemyss: Follow Stuart on LinkedIn: https://www.linkedin.com/in/stuartwemyss/ Check out Stuart’s book: https://www.prosolution.com.au/buy-investopoly/ Visit Stuart’s website: https://www.prosolution.com.au/ Listen to Stuart’s podcast: https://podcasts.apple.com/ph/podcast/investopoly/id1348458167 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Why are so many property investors pulling out of the market, and what’s driving this trend? In this episode, we dive deep into the findings of the 2024 PIPA Investor Sentiments Survey with Nicola McDougall, Chair of The Property Investment Professionals of Australia (PIPA). The survey uncovers some surprising data, challenging common assumptions about where and why investors are selling their properties. Nicola sheds light on the growing trend of investors abandoning the property market and shares insights into what’s fueling their decisions. Are rising interest rates to blame, or are there deeper, underlying factors at play? We explore how the shifting landscape is affecting the future of property investment in Australia. Join us as we discuss the current state of the market and explore strategies investors can consider amidst the uncertainty. Stick around for this eye-opening discussion as you wouldn’t want to miss these insights! Episode Highlights: 00:00 - Introduction 01:05 - Who is Nicola McDougall? 01:55 - Why Nicola’s last episode went viral, and if her new research has the same impact 04:29 - What internal and external insights emerged from the 2024 PIPA investor survey? 10:56 - A comparison of this year’s (2024) survey results from last year’s (2023) 13:07 - Why new investors are avoiding apartments and choosing established houses 14:41 - Is government intervention driving investors out of the market? 20:52 - Is government intervention worsening the rental crisis for investors? 28:36 - What’s driving investors to exit the market? 36:12 - Are there any positive results in the 2024 PIPA investor sentiment survey? 39:53 - PIPA's breakthroughs, and their role in maintaining high standards 45:18 - The importance of being a member of either PIPA/REBAA 50:25 - Nicola McDougall’s property dumbo About Our Guest: Nicola McDougall has served as the Chair of PIPA (Property Investment Professionals of Australia) since early 2022, bringing to the role her expertise as an award-winning property and finance journalist, author, and successful property investor. As the Director of Bricks & Mortar Media, she has co-authored notable works such as "The Female Investor: Creating Wealth, Security & Freedom Through Property," which secured the personal finance and investment category award at the 2022 Australian Business Book of the Year. Additionally, Nicola has contributed to the 3rd edition of "Property Investing For Dummies" and authored the 1st editions of "Buying a Property for Dummies" and "Property Investing Essentials for Dummies," all published in 2023 by Wiley. With a background as the former editor of Australian Property Investor magazine and head of corporate affairs at the REIQ, Nicola has been a dedicated PIPA board director since 2014. Connect with Nicola McDougall: Nicola’s LinkedIn profile https://www.linkedin.com/in/nicola-k-mcdougall/ Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode #307: Why Are Investors Abandoning the Australian Rental Market? https://www.theelephantintheroom.com.au/podcasts/307 2024 PIPA Investor Sentiment Survey https://www.pipa.asn.au/pipa-annual-property-investor-sentiment-survey-2024/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Is equity the most underused wealth-building tool? Owen Rask believes it is—and we’re missing out by not tapping into it. In this episode, we sit down with Owen from the Rask Group to explore how equity, particularly in property, can be a game-changer for growing your wealth. From property investment to ETFs and self-managed super funds (SMSFs), Owen breaks down how leveraging equity can open up opportunities you may not have considered. We also get into financial literacy in Australia, and Owen has some sharp insights. While more people are paying attention to their finances, many are still making risky decisions due to a lack of understanding. Owen highlights the importance of asking the right questions and getting proper advice to avoid costly mistakes. Curious about SMSFs? Owen unpacks the risks and rewards of SMSF property investing and explains why it’s crucial to diversify. He also shares why you need to be cautious about SMSF lending schemes and one-stop-shop setups that might not always have your best interests at heart. As we look ahead, Owen talks about how AI could reshape financial advice and offers practical tips on how to protect yourself from scams in an increasingly digital world. This episode is packed with actionable insights that can help you take control of your financial future. Don’t miss it! Episode Highlights: 00:00 - Introduction 00:59 - Who is Owen Rask? 01:53 - Owen Rask’s take on the financial literacy in Australia 05:28 - Should you consider purchasing property through a self-managed super fund? 12:50 - What people need to think about before setting up an SMSF 16:03 - Where to go for guidance on managing your super effectively? 27:12 - Fractional property investment and what Owen thinks about it 34:13 - Is the perceived safety of ETFs being undermined by riskier funds? 37:21 - Is AI going to make it easier to get holistic and cost-effective advice? 50:40 - How to protect yourself from scams in an increasingly digital & tech-reliant environment 55:48 - Owen Rask’s property dumbo About Our Guest: Owen Rask is The Rask Group's Founder, and Chief Investment Officer of Rask Invest. He also co-founded and is a Partner at Inflection, the business accelerator. Owen holds Masters Degrees in Financial Planning and in Applied Finance, and a Bachelor's Degree of Technology. Owen co-hosts podcasts and live shows with over 200,000 unique monthly listeners. Rask has now enrolled 30,000 Aussies into free online finance courses, on a pathway to 100,000 before 2027. Connect withOwen Rask: Website https://www.rask.com.au/ Resources mentioned in this episode: The Wolf of Wall Street: Money Lessons & Financial Scams to Avoid https://bit.ly/3Bbdlkd 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Why do Alec and Bryce from Equity Mates think the next generation won’t own homes? In this episode, we have a chat with Alec Renehan and Bryce Leske, the co-founders of Equity Mates Media, to explore why more young Australians are steering away from the idea of property ownership and leaning towards investing in shares instead. We discuss how the wealth gap between those who can get financial help from family and those who can’t is influencing this shift. How is this gap making property less accessible for younger generations? And why are many looking to the stock market as a more viable option for building wealth? Throughout the episode, we cover the challenges young people face when trying to enter the property market and what they’re considering as alternatives. Alec and Bryce share their insights from years of working with young investors and reflect on the changing attitudes towards property and investing. If you’re curious about how investing mindsets are evolving, this is an episode you won’t want to miss. Tune in and let's dive right into it! Episode Highlights: 00:00 - Introduction 01:05 - Who are our guests for today? 02:22 - Why is Equity Mates so successful as a podcast? 04:04 - How do you balance finance discussions and compliance? 08:12 - Are young Australians moving from property to equities for wealth building? 11:12 - The psychological security of property ownership 13:31 - Has international investing become more popular due to US tech success? 20:03 - Is bad advice also common in your industry due to people seeking easy solutions? 23:53 - How the focus on behavioural finance has changed their understanding of investing 26:49 - Lessons from investment errors reflect the serious impact of choosing the wrong path 31:15 - How Alec & Bryce balance their core investment strategies with new investment ideas 36:41 - After a recent purchase, did your perceptions of property investing change? 40:33 - The benefits of using a buyer’s agent and the importance of expert advice 50:05 - Is it true that the best property deals are reserved for those who pay for early access? 56:19 - Do you have a notable property investment fail story? About Our Guests: Alec Renehan and Bryce Leske are the cofounders of Equity Mates, Australia's #1 finance and investing brand for young Australians. They met at university and both developed a passion for investing. As they spoke to friends and family about their interest, they realised a lot of people faced the same challenges. So, they set out to record their journey of learning to invest, in the hope others would join them. Equity Mates Investing Podcast was started in 2017 and in the years since has grown a community of young investors in Australia and around the world. Connect with Alec and Bryce: Website https://equitymates.com/ Alec Renehan’s LinkedIn https://www.linkedin.com/in/alec-renehan/ Bryce Leske’s LinkedIn https://www.linkedin.com/in/bryce-leske/ Equity Mates Investing Podcast https://equitymates.com/show/equity-mates-investing-podcast/ Get Started Investing Podcast https://equitymates.com/show/get-started-investing-podcast/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Are you ready to find out where property investors are putting their money and what trends are shaping the market right now? In this episode, we dive deep into the latest suburb trends report and explore the surprising insights revealed by the latest property investment data. From unexpected investment hotspots in Sydney and Melbourne to some major shifts in regional markets like Perth and Adelaide, this conversation will give you a fresh look at where investors are heading—and why. We're joined by Kent Lardner, our resident property geek and we break down the numbers behind the rising trends in investor activity. We discuss how investor lending has been on the rise, why houses are dominating the market, and where clusters of activity are emerging across the country. If you’ve been wondering where the smart money is flowing, this episode will give you the answers. Tune in for an in-depth look at what the data is saying and what it means for investors right now. This is a must-listen for anyone keen to understand the latest movements in the property space! Episode Highlights: 00:00 - Introduction 01:00 - Analysis of the top 25 SA4 regions shows surge in house purchases in Sydney & Melbourne 03:11 - Detailed analysis of the top 25 SA4 regions 08:11 - Abundance of properties in & around Beverly Hill influenced by the new metro in Sydney 09:36 - Why are Sydney and Melbourne seeing increased interest in different property types? 16:13 - Could property investors buying apartments in Melbourne be influenced by land tax? 17:31 - What factors are influencing suburb choices in Perth right now? 19:02 - What are the major rental surge figures across Australia’s states? 23:53 - Is the surge in investor activity due to first time home buyers or new market areas? 27:13 - Comparing investment markets: Sydney, Melbourne, and Brisbane 39:29 - Has there been a notable rise in inventory, and how might this affect market prices? 45:06 - How are construction shortages and low approvals influencing the property market? 46:29 - Kent talks about his newly launched partnership with Faith Housing Australia About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburb Trends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Why is it so tough to ramp up housing supply when it seems like everyone’s talking about it? In this episode, we’re joined by Jill Garner, the Victorian Government Architect, who gives us a behind-the-scenes look at why boosting supply isn’t as simple as just setting targets. Jill brings her extensive experience to the table, sharing insights into the realities of urban planning and design from both government and industry perspectives. Jill helps us understand the challenges that come with trying to increase housing supply discussing the struggles that state and local governments face in balancing the need for more homes with the importance of good design and quality construction. She explains why meeting housing targets isn’t just about making plans—it’s about dealing with real-world obstacles like costs, time, and planning rules. Our conversation also touches on the “Future Homes” initiative, which aims to provide more housing options in Melbourne’s suburbs without sacrificing livability and explore why simply rezoning areas for higher density doesn’t automatically result in new homes and what’s really holding back development. This episode is perfect for anyone who wants to understand the real reasons behind the housing shortage and what needs to happen to make more homes available. The insights presented in this episode offer a clear look at the challenges and possibilities in solving this complex issue. So let's dive right into it! Episode Highlights: 00:00 - Introduction 01:06 - Who is Jill Garner? 02:38 - What is a government architect and their role in the Victorian government 05:04 - How does each level of government address housing supply and affordability issues? 08:02 - How does the state government coordinate with local councils in Victoria? 10:48 - Is Melbourne seeing similar government rhetoric on housing density as other places? 12:59 - Where is the disconnect between housing targets and actual construction? 15:33 - Can pre-designed homes compete with custom builds? 22:45 - Can rezoning truly improve housing affordability, or is something missing? 25:18 - Is the pushback on future homes driven by consumer resistance or developer concerns? 28:55 - How are Victoria's ongoing projects impacting developers' building costs and decisions? 33:28 - Is Melbourne better equipped for density with its transport system? 38:52 - How can Melbourne address city-level needs and past high-density apartment mistakes? 43:37 - Should other states follow Melbourne’s lead on sustainability and passive design? 48:24 - How are government plans for Melbourne adapting to the rise in remote work? 52:58 - Jill Garner’s property dumbo About Our Guest: Jill Garner, the first woman to serve as Victorian Government Architect, was appointed in 2015 and brings 40 years of experience in both practice and government. She leads a team promoting integrated design and collaboration within the state government. Jill continues her architectural practice through Garner Davis Architects, which has earned numerous awards. An RMIT Masters by Design alumnus, she has taught at RMIT and Melbourne Universities and served on several industry boards. Jill chaired the Australian Committee for the 2018 Venice Architecture Biennale and became a Life Fellow of the Australian Institute of Architects, receiving the President’s Prize in 2022. In 2023, she was appointed Member of the Order of Australia for her contributions to architecture, education, and professional associations. Connect with Jill Garner: Office of the Victorian Government Architect https://www.ovga.vic.gov.au/jill-garner Garner Davis Architects https://garnerdavis.com.au/ LinkedIn https://www.linkedin.com/in/jill-garner-ab5a214a/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

How does the UK property market compare to ours here in Australia? In this episode, we sit down with Martin North from Digital Finance Analytics to really break it down. We’re diving into what makes the UK property market tick and how it stacks up against what we see in Australia. What are the key drivers over there? And how do they align—or differ—from what’s happening on our home turf? Martin’s got a ton of insights on property trends across the globe, and in our conversation, we dig into the unique factors shaping the UK market, from economic policies to how buyers behave. Are there things we can take away from the UK’s approach, or are we carving out our own distinct path here in Australia? We also get into how history and culture influence the property scene in each country. Are there common threads, or are the differences too big to ignore? Most importantly, what can Australian investors learn from the UK’s journey in the property market? If you’re looking to expand your knowledge of global property markets or just want a fresh perspective on what’s happening here in Australia, this conversation with Martin North is one you won’t want to miss. Tune in as we explore the dynamics of the UK and Australian property markets, and discover valuable insights that could impact your next investment decision. Episode Highlights: 00:00 - Introduction 00:57 - Who is Martin North? 03:48 - Can Australia gain confidence from the UK's inflation decline? 07:35 - How does the UK's property investment culture compare to that of Australia’s? 11:04 - Proportion of owner-occupier vs rented property in UK 13:51 - Has borrowing capacity in the UK stayed steady despite rate hikes? 18:55 - How does city migration in the UK compare to Australia? 21:30 - Is there a trend of early wealth transfer in the UK for earlier housing market entry? 26:40 - How do UK and Australian rental issues compare? 28:16 - Despite the UK investing more in social housing, why is there still a shortage? 32:51 - Has the existence of inheritance tax impacted entry into the housing market? 33:50 - Over 5 years of hosting "Walk the World", how have your views and insights evolved? 40:00 - How should one approach property investment after missed chances? 45:55 - How does Martin feel about the property market’s outcome? 49:58 - Can the UK manage the demand for millions of new homes? 51:51 - Martin North’s property dumbo About Our Guest: Martin North is a prominent researcher who specialises in the mortgage lending, savings payments, and superannuation sectors. He is the founder of Digital Finance Analytics — a boutique research, analysis, and consulting firm. He has a long history of research in mortgage stress in Australia and publishes relevant indices on defaults, mortgage stress, and consumer confidence. In addition to his work in finance, he curates the YouTube channel "Walk the World," where he covers finance and property news with a distinctively Australian flavour and invites controversial guests. He is also a founding director of Asbestos Awareness Australia, a registered charity he established with his late wife, Jill, in 2021. Connect with Martin North: Subscribe to Martin’s YT Channel “Walk the World”: https://www.youtube.com/c/walktheworlddfa Connect with Martin North on LinkedIn: https://www.linkedin.com/in/martin-north-6a799182/ Visit Martin North’s website: https://www.digitalfinanceanalytics.com/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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

Strata management—it’s one of those areas in property where things can get tricky if you’re not in the know. In this episode, we’re joined by Michael Teys, who’s been in the trenches of strata for years, tackling some of the biggest issues that come up in this space. If you’re involved in a strata scheme—whether as an owner, investor, or part of a committee—this is a conversation you just can’t afford to miss. Today, we dive into the real problems that strata communities face every day. From dealing with disputes that can turn neighbors into enemies to sorting out financial messes that can sink a scheme, he’s got the inside scoop on what works and what doesn’t. We also chat about the legal side of things—what’s changing, what’s staying the same, and how it all impacts you. But it’s not all doom and gloom. We also talk about how to keep the peace in a strata setup and why being proactive can save you a world of headaches. And as for the future? We touch on where strata management is heading and what that means for everyone involved. This is your chance to get a handle on the biggest issues in strata management today, straight from someone who’s seen it all. So, grab a coffee, settle in, and get ready to learn from one of the best in the business. Let's get started! Episode Highlights: 00:00 - Introduction 01:03 - Who is Michael Teys? 02:22 - What did the ABC Four Corners exposé reveal about controversial strata practices? 10:23 - How strata managers started charging like real estate agents, and how they can regain trust 16:50 - Are strata companies or owners to blame for management issues? 21:36 - What are the challenges in keeping good strata professionals? 30:11 - What are the obstacles to reforming strata management? 36:06 - Does unpaid service affect local government and strata roles? 40:01 - Are builders learning from past strata mistakes? Will quality improve? 44:17 - Given the current leadership vacuum, where might we see effective leadership emerge? 50:27 - Michael shares a lesson/humorous story in property that we can all learn from About Our Guest: Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals. Connect with Michael Teys: Website https://michaelteys.com/ LinkedIn https://www.linkedin.com/in/michaelteys/ 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

Australia's housing market is in turmoil, but can it be fixed? In this episode, we sit down with respected financial journalist Alan Kohler to delve into the roots of this ongoing crisis and explore potential solutions. Alan shares his insights on why first-time home buyers today face far greater challenges than those in previous generations and how the housing sector has become a critical pillar of Australia's economy, unlike in many other nations. We also dive into Alan's provocative assertion that housing wealth is both “meaningless and destructive.” What does he mean by this? How can something that seems so vital to our financial security be harmful in the long run? Alan unpacks a fresh perspective on the true cost of our housing obsession. His unique take on the interplay between housing and the economy provides valuable insights for anyone concerned about the future of homeownership and economic stability in Australia. This episode is essential listening for those looking to understand the broader implications of our housing policies and what changes are needed to secure a more equitable future. So tune in now! Episode Highlights: 00:00 - Introduction 01:05 - Who is Alan Kohler 01:35 - Has alan shifted his stance on the housing affordability issue? 04:32 - The societal impact of high house prices on the market 14:11 - How are zoning changes impacting the marginal buyer in real estate? 18:18 - Will setting development targets & rezoning lands be enough to address housing needs 24:17 - Is the current housing allocation system inefficient? 26:47 - Is it easier for politicians to pass policies for investors rather than homeowners? 30:56 - Do recent tenancy reforms fail to balance support for tenants and landlord flexibility? 35:40 - Is investing in property part of the Australian national psyche? 38:51 - How Alan's research impacted his perspective on future growth or risks 43:18 - Why encourage build-to-rent over build-to-sell? 47:24 - Is there a relationship between the lack of a recession and house price growth? 53:37 - Housing wealth is both “meaningless and destructive” 55:32 - Alan Kohler’s property dumbo About Our Guest: Alan Kohler is one of Australia's most experienced commentators and journalists, a television personality, and a former newspaper editor. He is the former editor of The Australian Financial Review and The Age, and was business and economics editor of The 7.30 Report. In addition to being CEO of Eureka Report and Business Spectator, Alan is the finance presenter on ABC News and host of Inside Business on ABC TV. 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

Are short-term rental platforms like Airbnb contributing to the worsening of the housing affordability crisis by reducing the availability of long-term rental properties? This shift towards short-term rentals makes it increasingly difficult for people to find affordable homes, driving up rental prices and increasing housing instability for vulnerable populations. Join us as Karl Fitzgerald, founder and director of Grounded, brings his extensive research to the table. Karl talks about how Airbnb and similar platforms impact housing markets, particularly in regional areas, and offer insightful solutions based on his findings. Tune in to explore the intersection of short-term rentals and housing policy, and discover innovative community-driven solutions that could help address the housing crisis while balancing the needs of both tourists and residents. Episode Highlights: 00:00 - Introduction 01:12 - Who is our guest for today? 06:04 - How Karl responded to the shift in rental proportions 07:50 - Is it possible to measure long-term rentals converted to short-term? 11:08 - Do short-term rental limits create property scarcity unintentionally? 17:37 - How does car-based and/or public transport influence short-term rental markets? 22:19 - How are communities still functioning when core workers can’t find housing? 23:31 - Is the housing shortage phenomenon unique to Australia? 26:44 - Has the report's media attention resulted in any significant change? 28:39 - How does a community land trust work? 35:28 - Are community land trusts already operational in Australia? 44:18 - Karl Fitzgerald’s property dumbo About Our Guest: Karl Fitzgerald, founder and Director of Grounded, is an economist with a distinguished background as the former Director of Research at Prosper Australia. Over 18 years, he led research on speculative investment and housing affordability, including directing the Speculative Vacancy reports that contributed to the Victorian Vacancy Tax. Karl also championed Victoria’s Rezoning Windfall Gains Tax to reinvest rezoning profits into community infrastructure. His 2022 report challenged the belief that increasing housing supply alone improves affordability. Karl advocates for Community Land Trusts as a community-led alternative to current housing models, emphasizing equity and justice. Connect with Karl Fitzgerald: Website https://grounded.org.au/ Instagram https://www.linkedin.com/in/karl-fitzgerald/ 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

Are you grappling with decisions about your investment property? In this episode, we dive into a range of listener questions to provide the insights you need. We’ll explore the impact of land tax variations across different states and discuss the pros and cons of buying in A-grade versus B-grade suburbs. Our discussion also touches on the reasons behind the surge in properties for sale in lifestyle areas post-COVID, shedding light on the market dynamics at play. We tackle the tough decision of whether to sell an investment property to upgrade your primary home, providing practical advice to help you weigh your options. Additionally, we answer a listener’s question about how land tax changes affect traditional holiday destinations, offering a fresh perspective on generational property sales and their social impacts. To round out the episode, we share a “listener Dumbo” segment, highlighting lessons learned from real-life property decisions. Tune in for a comprehensive yet concise discussion that will help you navigate the complexities of property investment with confidence. Episode Highlights: 00:00 - Introduction 01:20 - Why are so many properties for sale in holiday destination markets? 07:23 - What negative gearing reforms could balance investor interests and housing affordability? 17:56 - Fact check regarding the heritage status and development in Edgecliff 22:50 - Should I invest in property outside Victoria due to land tax? 31:04 - Which is wiser: A-grade home in a B-grade area or vice versa? 50:00 - Listener dumbo Resources mentioned in this episode: The Elephant in the Room Property Podcast Ep 330: What’s Behind Melbourne’s Unusual Property Market Behaviour? https://www.theelephantintheroom.com.au/podcasts/330 The Elephant in the Room Property Podcast Ep 333: Is Increased Housing Supply the Real Solution to this Housing Crisis? http://www.theelephantintheroom.com.au/podcasts/333 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

Are you curious about how demographic changes will shape the property market in the coming decade?  In this episode, we chat with Simon Kuestenmacher from The Demographic Group to dive into the evolving trends in wealth transfer and their impact on housing. Simon gives us some great insights into the demographic factors affecting today’s wealth transfer, exploring how predictable these shifts are and how major events like COVID-19 change market dynamics. We talk about how baby boomers handle inheritance differently based on their experiences and how this intergenerational wealth transfer impacts the property market over the next decade. We also touch on the broader economic effects of demographic trends, like their impact on interest rates and wage demands in a tight labor market. Simon shares his take on the government’s ambitious goal of creating 1.2 million dwellings in five years and how that’s going. Plus, we explore how elderly home preferences influence property challenges and the ongoing debate about different work arrangements in Australia. Join us for this engaging chat that unpacks the future of property demographics and gives you a solid understanding of the factors that shape the market in the years to come. Episode Highlights: 00:00 - Introduction 01:10 - Who is Simon Kuestenmacher? 02:09 - What are the demographic insights on today's wealth transfer and its predictability? 03:55 - Are demographic trends and major events like COVID-19 influencing market dynamics? 06:12 - Have baby boomers started giving inheritance sooner due to their own experiences? 15:45 - The impact of demographic trends on interest rates in Australia 18:32 - How does inflation influence wage demands when labor is scarce? 21:41 - How intergenerational wealth transfer is likely to impact the property market 26:40 - Current state & future trajectory of the debate surrounding different work arrangements 31:52 - How can Australia address the workforce shortage linked to its aging demographic? 39:31 - Simon's stand on the bold policies being implemented in New South Wales 46:10 - How is the government’s target of 1.2 million dwellings in 5 years tracking? 53:04 - What impact does elderly home preference have on property challenges? About Our Guest: Simon Kuestenmacher is a Co-Founder of The Demographics Group together with Bernard Salt. The group provides specialist advice on demographic, consumer, and social trends.  Simon writes a weekly column for The New Daily and a monthly column for The Australian newspaper. He is a thought after media commentator on demographic matters.  In his spare time Simon has authored three books on maps and runs what is by now the world’s largest Twitter account dedicated to maps and data. His social media posts reach over 25 million people every month. Simon ranks as one of the world’s top 10 influencers in data.  Connect with Simon Kuestenmacher: LinkedIn: https://www.linkedin.com/in/simonkuestenmacher/ Instagram https://www.instagram.com/simongerman600/ Website https://www.tdgp.com.au/ 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

Have you ever wondered if there’s a need for vendor advocates or if it’s just another money grab by some players in the real estate industry? Vendor advocacy is a term you may not have heard before, but it’s a service that’s gaining popularity. A vendor’s advocate is an advisor engaged by a person selling their property to help them choose a selling agent to make the selling process easier. Think of them as an agent whisperer. In today's episode, we explore how vendors might benefit the most from engaging a vendor’s advocate and discuss the skills and experience these advocates should possess to ensure they’re qualified for the job. We also dive into the necessity of vendor advocates, weighing the genuine need against potential profit motives within the industry. If you’re considering selling your property, this episode is a must-listen to ensure you have the right support to achieve the best outcome. Tune in now and let’s get started! Episode Highlights: 00:00 - Introduction 01:41 - What is a vendor’s advocate and how do they work? 09:09 - Do you pay a fee for the vendor’s advocate? 16:32 - After selecting an agent, what else does a vendor’s advocate do? 20:00 - What do vendor’s advocates deem as major deal breakers when looking for an agent? 25:54 - Are there any potential drawbacks or challenges in picking a vendor’s advocate? 29:10 - Real life story of how a vendor's advocate rescued a mismanaged property sale 34:47 - Why should property buyers and sellers seek a trustworthy vendor's advocate? 44:07 - Why is it important to seek professional advice when selling property? 50:12 - Why should potential sellers reach out for vendor advisory advice? 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

How can integrity be restored in an industry often criticised for its ethical shortcomings? In this episode, we sit down with John Minns, the NSW Strata and Property Services Commissioner, to delve into the measures being taken by the Office of Fair Trading to regulate and improve the real estate sector’s reputation. With an industry plagued by issues ranging from underquoting by sales agents to property managers grappling with rental shortages, and strata managers caught in conflicts of interest, John Minns has a formidable task ahead. John shares his motivations for stepping into the commissioner role and the surprises he encounters along the way. He discusses how he balances managing immediate crises with long-term strategic planning and tackles significant resistance from various stakeholders, particularly focusing on the pervasive problem of underquoting. We also explore the potential opportunities he sees in the PropTech space and his updates on the Strata Hub system in New South Wales. The episode covers critical issues such as the licensing loophole allowing new buyer’s agents to practice in NSW via Queensland and the potential benefits of a national licensing system. John addresses frustrations and pricing tactics that often leave consumers disillusioned, sharing his vision for a more transparent and ethical real estate industry. Don’t miss his candid recounting of property blunders that offer a humorous yet insightful perspective on the challenges within the field. Episode Highlights: 00:00 - Introduction 01:23 - Who is John Minns? 02:29 - What is John’s motivation to make a difference as commissioner 04:10 - What surprised John most about the role? 07:12 - How John manages both short-term crises and long-term planning 08:57 - Among the key stakeholders, which group is the biggest resistance? 11:38 - Tackling the issue of underquoting 16:54 - John’s strategies for effecting change in a slow moving industry 25:03 - Does John see any real opportunities in the PropTech space? 29:19 - What are the plans for improving the Strata Hub system in New South Wales? 35:23 - What’s motivating the government to take action NOW? 38:17 - The issue of new buyer’s agents getting licensed in NSW via Queensland 44:51 - Would national licensing be a good thing? 47:50 - John Minns’ property dumbo #1 50:45 - Addressing frustrations and pricing tactics in property transactions 55:25 - John Minn’s property dumbo #2 About Our Guest: John Minns, a prominent figure in the Australian residential property sector for over 30 years, brings a wealth of experience to his role as Strata and Property Services Commissioner. His career spans diverse areas including residential sales, project marketing, property management, and franchising, alongside leadership in digital innovation and professional development. John is committed to enhancing consumer experience and protection by promoting transparency and accountability within the industry, advocating for innovation-driven opportunities to foster a trusted and empowered sector. Connect with John Minns: LinkedIn https://www.linkedin.com/in/john-minns-40386324/ 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

Ever found yourself torn between relying on hard data or trusting local insights for your property investments? It’s a tough call many investors struggle with, wondering if the numbers can tell the full story or if boots-on-the-ground knowledge is more reliable. In the Suburb Trends Report for the month of June 2024, we dive into the age-old debate of whether numbers or on-the-ground knowledge holds the key to successful property investments. We weigh the pros and cons of both data and local insights, and explore how the perfect blend of both can give you a real edge in the market. Kent Lardner joins us once again to help us unpack how these two worlds intersect and why both are essential in today's investment landscape. If you're curious to see how combining data and local insights can give you a competitive edge, then don’t miss our latest episode. Click play and get ready to take your property investment strategy to the next level. Tune in now! Episode Highlights: 00:00 - Introduction 01:39 - Analysis of 10 aspects where data might be limited and local insights are necessary 02:57 - Aspect #1: Local market sentiment 08:42 - Aspect #2: Neighbourhood trends 12:50 - Aspect #3: Community events 14:54 - Aspect #4: School reputation changes 18:07 - Aspect #5: Local business openings and closures 20:56 - Aspect #6: Traffic pattern changes 29:29 - Aspect #7: Property condition 38:09 - Aspect #8: Neighbourhood aesthetics 40:20 - Aspect #9: Local government policies or zoning changes 46:12 - Aspect #10: Insider transactions About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburb Trends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ 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

Choosing the wrong broker can lead to higher costs and missed opportunities. It’s crucial to find someone who doesn’t just process loans but also offers solid advice and guidance. With so many options, it’s tough to figure out who’s genuinely good and who’s just looking to close a deal. So in this episode, we break down how to find the perfect mortgage broker for you. We kick off by explaining the differences between a financial planner and a mortgage broker, helping you make the right choice. Then, we discuss what makes a broker "good" – is it their reputation, awards, or payment structure? We also look into how industry awards can be misleading and how to find genuine quality. The mortgage industry is evolving, with online platforms and AI-driven portals challenging traditional brokers. Could these digital solutions replace traditional brokers? We explore current trends, future possibilities, and big bank moves to cut brokers out of deals. We also emphasise the importance of consulting a broker even after a loan rejection to explore other options. By the end of this episode, you’ll have a clear idea of what makes a good mortgage broker and how to avoid the drawbacks of working with the wrong one. Tune in for tips on spotting red flags, questions to avoid asking your broker, and key considerations for your mortgage discussions. Let’s get started! Episode Highlights: 00:00 - Introduction 03:49 - What’s the difference between a financial planner and a mortgage broker? 07:42 - How to define a “good” broker 12:44 - Can awards and badges mislead consumers in the mortgage broking world? 15:43 - How are awards typically awarded in the mortgage broking industry? 18:53 - How are brokers remunerated? 25:25 - Can online solutions and AI render traditional mortgage brokers redundant? 29:34 - The importance of talking to a broker after a loan rejection to explore other options 31:33 - Some red flags to watch out for when dealing with ‘shady’ mortgage brokers 37:51 - What questions should homebuyers avoid asking their mortgage broker? 40:31 - Chris’ take on the “rate lock” from CommBank for mortgage brokers 45:56 - Key considerations borrowers should prioritise in mortgage discussions with a broker 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

Wondering how the 2024 property forecasts are stacking up so far? Tune in to our mid-year review as we dive into the real estate predictions that nailed it and the ones that missed the mark. In this episode, we dissect the key trends, market shifts, and unexpected twists that have shaped the housing landscape in the first half of the year. Today, we have Louis Christopher with us again to share his insights from the much-anticipated “Boom or Bust” report. Louis has a knack for making accurate predictions, but he’s also refreshingly honest about where he’s gone astray. We explore his methodology and the factors he weighs when making his forecasts. This episode is a must for anyone keen on understanding property market predictions and figuring out which ones to trust. We also peek into what the rest of the year might hold, including potential surprises and how elements like inflation and geopolitical tensions could sway the market. Tune in to get a better grasp of the 2024 property market trends 'cause whether you're buying, selling, or investing, this episode offers vital insights into the current property market dynamics and what to keep an eye on in the months ahead. Episode Highlights: 00:00 - Introduction 01:01 - Who is Louis Christopher? 01:43 - Discussion on the national market performance and overall trends observed in 2024 03:07 - Analysis of the market slowdown and how it compares to previous years 07:32 - Why the lack of major surprises in the property market despite economic uncertainties 12:15 - Discussion on Perth’s growth trajectory and contributing factors 16:53 - Projected rise of unemployment in Perth and its potential effects on property prices 19:00 - Brisbane’s growth and how it compares to other major cities 22:16 - How the number of property listings in Brisbane has changed over recent years 28:43 - Trend of declining property listings and transaction volumes in various locations 30:35 - The influence of stamp duty on property prices and market activity 35:08 - Louis’ analysis on the Australian Capital Territory 37:00 - The potential impact of upcoming elections on housing market forecasts 41:13 - The importance of creating scenarios to anticipate future developments in real estate 42:27 - How does media coverage influence public perception of real estate forecasts? 47:27 - Louis Christopher’s property dumbo About Our Guest: Louis Christopher established SQM Research in 2006. He was Head of Research and General Manager of the property statistics agency, Australian Property Monitors (APM) for six years. During his time at APM, Louis constructed key residential property market indexes published by the Reserve Bank of Australia. Prior to APM Louis spent three years at the Securities Institute of Australia as a Technical Editor. Louis previously spent 18 months at MLC working in the investment services. He is widely respected for the quality and accuracy of his market outlooks, ratings philosophy and forecasts for the Australian residential property market. Connect with Louis Christopher: Connect with Louis on LinkedIn: https://www.linkedin.com/in/louischristopher/ Visit SQM’s website: https://sqmresearch.com.au/ Connect with Louis on X: https://x.com/LouiChristopher Resources mentioned in this episode: Download Louis Christopher's 2024 Housing Boom and Bust Report here: https://sqmresearch.com.au/boombustreport.php 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

How can you distinguish the trustworthy buyer’s agents from the rest in a market flooded with options? With so many buyer’s agents vying for your attention, it's easy to fall prey to misleading promises and hidden agendas. In this episode, we delve deep into the world of buyer’s agents, uncovering the essential red flags every prospective property buyer should be aware of before making that crucial hire. With the real estate market booming and buyer’s agents popping up left and right, it’s more important than ever to discern who can truly save you money and secure the best property assets. If you're looking to buy a property but feel overwhelmed by the sheer number of buyer’s agents out there, this episode's for you. Tune in to uncover the red flags every property buyer must know before selecting and hiring a buyer's agent. Episode Highlights: 00:00 - Introduction 03:49 - Why should clients be more careful in selecting a buyer’s agent today? 06:56 - How regulatory disparities impact the credibility of financial advisors and buyer's agents 13:43 - What challenges arise in managing relationships between clients and buyer's agents? 19:14 - Why you need to be cautious in engaging buyer's agents for property investment 23:40 - Understanding the true value proposition of buyer's agents in property transactions 29:24 - What should clients know before engaging buyer's agents for off-market transactions? 35:31 - Why inexperienced buyer’s agents should be treated like first home buyers 37:48 - What are the crucial factors to consider when choosing a buyer's agent? 40:19 - The importance of local market knowledge in property valuation 42:50 - What's the true cost of being a buyer's agent? 46:00 - The pitfalls of rose-colored glasses when it comes to property investment 49:25 - Qualities to look for in a buyer's agent for an advantageous home purchase 53:18 - Final words of advice for those in search of an effective buyer’s agent 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

Are you curious about what Lenders Mortgage Insurance (LMI) is and how it actually works? Do you wonder if it's necessary and worth considering when purchasing a property, or do you think it's just an additional cost you can avoid? In this episode, we sit down with Strachan Taylor from Helia, Australia’s leading provider of LMI, to delve into the details. We aim to clarify how often claims are made and why, despite its additional cost, LMI can be a beneficial safeguard rather than something to avoid. By breaking down these aspects, we help you make better decisions about LMI in your home buying journey. Tune in to gain a comprehensive understanding of LMI and discover why it might just be the safety net you need. Episode Highlights: 00:00 - Introduction 01:01 - Who is Strachan Taylor? 01:33 - The history and evolution of Lenders Mortgage Insurance (LMI) in Australia 05:56 - Who else are the competitors of Helia in the LMI space? 06:27 - How has the federal government's 2019 first homebuyer guarantee impacted Helia? 08:43 - Could future regulatory changes potentially blindside your business operations? 10:06 - Do lenders evaluate the potential for property appreciation or depreciation? 12:14 - Is there industry-wide pressure for insurance companies to offer cheaper prices? 14:39 - Is the bank of relatives another competitor in the LMI space? 18:24 - The role and perception of LMI in the home buying process 21:29 - Strachan’s thoughts on new policies where banks are more willing to self-insure 24:19 - How are the LMI premiums calculated? 27:18 - What’s the riskiest type of property for first home buyers? 30:42 - Thoughts on Fintech, Proptech, and etc… 36:54 - Strategies and initiatives by Helia to address the housing affordability crisis 40:15 - How has Helia's share price evolved from its lows to its current levels? 43:30 - How does Helia view customer behaviour regarding home insurance and refinancing? 45:27 - Do borrowers continue paying LMI after refinancing their mortgages? 46:51 - Considering various options including reusing LMI benefits before refinancing 51:15 - Stop looking at LMI as just and additional cost 56:33 - Strachan Taylor’s property dumbo About Our Guest: Strachan Taylor serves as Helia's Strategic Partnership Leader, where he spearheads a dynamic partnership team dedicated to collaborating closely with lender customers in pursuit of helping more Australians achieve financial security through home ownership, expedited by LMI solutions. With a comprehensive skill set encompassing team leadership, communication, and business development, Strachan brings tertiary-level qualifications and extensive expertise in sales, marketing, distribution, and risk management to the helm, constantly striving to enhance risk and capital management solutions and provide valuable market insights for Helia's customers to bolster their risk-writing capabilities. Connect with Strachan Taylor: Visit their company website: https://helia.com.au/ Follow Strachan on LinkedIn: https://www.linkedin.com/in/strachantaylor/ 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

Are you curious about the hidden forces driving Brisbane’s property boom? What impact is the upcoming Olympics having on the property market, and is the construction for the games draining resources from other sectors? Beyond these questions, what else could be behind this sustained period of rapidly rising property prices, and is there any sign of a slowdown on the horizon? Today, we delve into the dynamics at play with Meighan Wells from Property Pursuit. With over 20 years of experience, Meighan offers unparalleled insights into what’s happening on the ground in the Queensland capital. We explore the impact of the upcoming Olympics on Brisbane’s real estate and ask whether the hype around the games is really pushing property prices up? Meighan sheds light on how these dynamics are shaping the current market and what prospective buyers should be aware of. Beyond the Olympic effect, we examine other factors contributing to Brisbane’s rapid property price growth. Are there deeper, less obvious influences at play? Tune in to gain a comprehensive understanding of Brisbane’s property landscape and get expert advice from one of the city’s most seasoned professionals. Let's get started! Episode Highlights: 00:00 - Introduction 01:07 - Who is Meighan Wells? 01:48 - What are the latest trends in Brisbane’s real estate market? 05:18 - How has Brisbane’s real estate market changed since 2020 09:32 - What are the reasons behind the shift towards unit living in Brisbane? 13:54 - How is the tightening of borrowing capacity affecting buyer behaviour in Brisbane? 17:33 - Are buyers' desirability of suburbs shifting due to return-to-work changes? 25:45 - What is the current situation regarding rental availability and demand in Brisbane? 30:50 - How does the trend of multi-generational living affect property ownership patterns? 34:38 - What strategies are first-time home buyers employing to enter the market? 36:33 - What differences exist in buyer behaviour in Brisbane? 41:14 - Data on the nature of property transactions in Brisbane, 42:35 - Is the Olympics truly affecting Brisbane’s property market? 47:58 - How does Brisbane's cultural scene stack up against other cities for expatriates? 50:21 - Meighan Wells’ property dumbo About Our Guest: Meighan Wells is the Principal of Property Pursuit, co-founder of the Home Buyer Academy, and co-presenter of Your First Home Buyer Guide Podcast. She developed the REIQ course Acting as a Buyer’s Agent and was the Chairman of the REIQ Buyers’ Agent Chapter. In 2010, she was named REIQ Buyers Agent of the Year for the third consecutive year. A recognized expert on the Queensland property market, Meighan is frequently featured in major media outlets like The Financial Review and Realestate.com.au. Connect with Meighan Wells: LinkedIn https://www.linkedin.com/in/meighanwells/ Property Pursuit Website https://propertypursuit.com.au/ Home Buyer Academy https://homebuyeracademy.com.au/ Facebook https://www.facebook.com/MeighanPropertyPursuit/ 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: 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

In this month's Suburb Trends report for May 2024, we're diving deep into the world of property investment, exploring a critical issue that every investor should be aware of: false positives in property data. With the property market experiencing upward pressure on prices due to low supply, investors risk being misled by appearances, just like the allure of a dimly lit nightclub before the lights come on. Without the ability to distinguish between promising investments and pitfalls, investors may find themselves making pretty costly decisions based on misleading data. To shed light on this topic, Kent Lardner joins us to discuss strategies that will help in discerning between genuine opportunities and false positives. Together, we'll explore strategies for evaluating property data, spotting red flags, and making better investment decisions even in the midst of inflated markets. This is the beer goggles and property episode! Tune in to learn how to spot false positives in property data. Episode Highlights: 00:00 - Introduction 00:56 - How the "lights-on" moment aims to reveal hidden truths in property investments 03:49 - How can one mitigate the impact of external factors on property market analysis? 05:33 - What core factors should owner-occupiers prioritise when assessing property options? 09:35 - Is the current trend of investors targeting affordable properties sustainable? 14:18 - How can market players anticipate and respond to potential downturn scenarios? 19:01 - What are the real factors behind the increase in housing costs 21:03 - How are affordability ratios and wealth interconnected in suburban markets? 25:01 - The importance of macro and micro-level data when considering property investments 29:24 - Key factors influencing investment decisions in the real estate market 31:57 - Is there a risk of social unrest due to housing inequality? 37:26 - What are the current rental housing challenges in Melbourne and Sydney? 47:34 - What are the implications of the Docklands case study for urban development? About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ 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

As Australia grapples with the ambitious challenge of constructing 1.2 million new dwellings in the next five years, we aim to answer the pressing question: Is this target attainable? We talk about the implications of this challenge, including the need to address housing pressure and determine suitable locations for new developments. Moreover, we discuss the potential impacts of immigration policies on housing demand and supply dynamics. Today's guest is Peter Tulip, Chief Economist at the Centre for Independent Studies whose expertise in housing and monetary policies, coupled with his advocacy for high-density living, underscores his credibility as a leading voice in the field, earning him the distinction of Australia’s oldest YIMBY. Join us in this episode as we dissect these complex issues and brainstorm innovative solutions. Don’t miss out on the opportunity to be a part of the conversation shaping Australia’s housing future and urban development. Episode Highlights: 00:00 - Introduction 00:58 - Who is Peter Tulip? 01:31 - What is the goal of the National Cabinet's housing initiative? 07:18 - What are the challenges associated with this housing initiative? 12:41 - Peter's insights on the heritage aspect of rezoning 16:09 - Primary challenges faced by developers in densely populated urban areas 20:24 - How rezoning and redevelopment could potentially affect property values 27:17 - Peter’s thoughts on RBA's current stance on inflation 35:58 - Considerations to take into account in determining sustainable immigration levels 40:53 - Is reducing student immigration an effective strategy to alleviate housing pressure? 42:50 - Are there tax policies that can be leveraged to incentivise increased housing supply? 46:35 - What are the potential impacts of increased housing supply on property values? 50:07 - Is there a need for an upzoning tax to fund public services and infrastructure upgrades? 55:33 - Peter Tulip’s property dumbo About Our Guest: Peter Tulip has been Chief Economist at the Centre for Independent Studies since 2020. From 2011 to 2020 he was Senior Research Manager at the Reserve Bank of Australia. Before that he worked at the US Federal Reserve Board, the OECD and the Commonwealth Treasury. His research has been published in numerous international academic journals. His recent work focuses on Australian housing policy.  He has a PhD from the University of Pennsylvania. Connect with Peter Tulip: Visit their website: www.cis.org.au/experts/research-scholars/peter-tulip Follow Peter on Twitter: https://twitter.com/peter_tulip Send an email to ptulip@cis.org.au 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

With property values stagnant amidst a backdrop of soaring prices in other cities, we explore the factors contributing to Melbourne's unique market behaviour. Could the city's prolonged lockdowns have played a significant role in shaping its property landscape? What does the future hold for buyers and sellers? Meanwhile, rising rents beg the question: how does this affect the apartment market? Today, Jarrod McCabe from Wakelin Property Advisory joins us to unpack these pressing questions. With more than two decades in the property industry – across valuations and investment advisory – Jarrod's expert analysis and insights aim to offer clarity on Melbourne's current property landscape. What could be the culprit behind Melbourne’s unusual property market behaviour? Tune in to learn all about Melbourne's property market and discover what's coming up next. This episode gives you helpful info you wouldn't want to miss. So hit that play button and let's dive in! Episode Highlights: 00:00 - Introduction 01:04 - Who is Jarrod McCabe? 01:22 - Trends observed in Melbourne's property market since the onset of COVID-19 02:44 - The recent trends in Melbourne's property market according to CoreLogic data 04:27 - How has the return to work influenced residential preferences in Melbourne? 06:14 - The shift in investor behaviour amidst rising rents and the rental crisis 10:57 - How does Melbourne's urban lifestyle impact property demand and rental dynamics? 14:25 - The impact of recent changes in land tax legislation on property investment behaviour 21:38 - Key factors contributing to Melbourne's resilience as a property investment destination 23:37 - What is happening with the population of Melbourne? 28:30 - Factors contributing to the disparity in property values between Melbourne and Sydney 30:44 - Can investors still find property investments in Melbourne with a budget of $1M? 35:22 - How Melbourne's property market responds to changing dynamics in house prices 39:08 - Planning controls evolving in suburban areas surrounding Melbourne's city center 42:45 - Jarrod McCabe’s property dumbo 45:33 - What's the impact of super Saturdays on Melbourne's clearance rate? About Our Guest: Jarrod McCabe, a property industry veteran with over two decades of experience, excels in valuations and investment advisory. His expertise in Melbourne's inner suburban market, combined with sharp negotiation skills, ensures successful outcomes for clients. As property team manager, Jarrod prioritizes understanding client needs while mentoring colleagues. Since completing his Bachelor of Business (Property) in 2000, he has risen to the role of Director at Wakelin Property Advisory, also serving as an active property educator through webinars, seminars, and media contributions. Connect with Jarrod McCabe: LinkedIn https://linkedin.com/in/jarrod-mccabe-81333034/ Website https://wakelin.com.au/ Podcast https://wakelin.com.au/education/podcasts/ 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

Ever wondered why economists seem to favour land tax? What happens if we get rid of stamp duty on houses? And why do some people say negative gearing and capital gains tax discounts are bad? We're here to unpack these questions and more. Join us in this episode as we explore the often-debated topics of negative gearing and the capital gains tax discount with Chief Economist Michael Blythe, whose recent paper, "In Praise of Negative Gearing" has stirred up quite a buzz. We dive into the insights and arguments he presents and uncover the nexus between property taxes and housing market behaviour. Whether you own a home, rent, or just want to know more, this episode is for you. Hit play and let's get into the nitty-gritty of property taxes and the housing market! Episode Highlights: 00:00 - Introduction 01:06 - Who is Michael Blythe? 01:43 - What role does tax play in property market challenges? 03:49 - Historical context: Negative gearing and CGT discounts 10:03 - Did property prices really slow down without negative gearing? 17:06 - How has the ACT's taxation change affected property prices? 25:37 - The pros and cons of an expensive property market from a societal standpoint 29:46 - Is negative gearing detrimental to both home buyers and renters, as some argue? 34:36 - Where does the economy currently stand in terms of inflation control? 37:37 - Is the economy headed for higher prices and a cost-of-living crisis? 40:00 - The limitations of using interest rates as a tool to manage inflation 44:17 - The downsides of downsizing 50:29 - How does the aged care system impact housing availability? 52:04 - The interplay between property investing, negative gearing, and taxpayer costs 57:27 - Michael Blythe’s property dumbo About Our Guest: Michael Blythe is a respected Chief Economist and senior executive with extensive experience in economic policy and financial markets. He has worked across both Commonwealth Bank of Australia and Reserve Bank of Australia and brings great knowledge of, and insight into, the Australian and global economy, economic policy and markets. Connect with Michael Blythe: LinkedIn https://www.linkedin.com/in/michael-blythe-272a1688/ Website https://www.downsizer.com/ 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

What is driving the relentless rise in Australia's property prices, and how are homeowners managing as the fixed mortgage rates from the COVID era expire? These are important questions as we deal with rising inflation and increasing living costs, so in this episode, we tackle these issues to see how they're affecting both the housing market and potential buyers. Joining us to break down these complex topics is Carlos Cacho, Chief Economist at Jarden Australia. Carlos has a deep understanding of Australian economics, especially banking and housing markets, thanks to his previous roles at UBS Australia and Colonial First State Global Asset Management. He holds a Bachelor of Economics and a First Class Honours in Economics from the University of New South Wales, making him a highly credible voice on these matters. Make sure to tune into this episode for a thorough analysis of the current economic pressures on Australia's property market and what they could mean for the future. Equip yourself with the insights needed to better understand these challenging economic times. Episode Highlights: 00:00 - Introduction 01:08 - Who is Carlos Cacho? 01:30 - What led Carlos to oppose the common view on reducing serviceability buffers? 06:20 - Does lowering the serviceability buffer improve affordability or just increase prices? 08:48 - Will increasing urban density in Sydney truly improve housing affordability? 12:40 - What factors contribute to continued property price increases in most cities? 18:35 - Key differences in the apartment and house markets in major cities 20:36 - Do seasonal trends affect real estate listings? 26:43 - Will higher interest rates persist longer than anticipated? 32:05 - Could we see a return to the economic conditions similar to those before 2022? 36:27 - Is climate change becoming a big driver for investment around the world? 38:44 - The impact of high interest rates on economic stability over the next decade 44:15 - What are the anticipated migration trends for the upcoming years? 50:38 - Are we meeting our labor demands through skills migration? 52:05 - Carlos Cacho’s property dumbo About Our Guest: Carlos Cacho is Chief Economist and leads Australian bank research at Jarden in Australia. Carlos’ research covers all things Australian Economics and Banks, with the strong focus on the housing market. Prior to joining Jarden, Carlos spent three years as Australian Economist at UBS Australia, and previously five years at Colonial First State Global Asset Management. Carlos holds a Bachelor of Economics, as well as a First Class Honours in Economics from the University of New South Wales.  Connect with Carlos Cacho: LinkedIn https://www.linkedin.com/in/carlosscacho/ Website https://www.jardengroup.com.au/ 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

Ever wondered why people end up spending more than they planned at auctions? What about the missed opportunities for vendors due to ineffective auctioning practices? These common pitfalls not only impact individual transactions but also shape the broader dynamics of the auction process. In this episode, we're joined by award-winning auctioneer Andy Reid to understand why these problems happen at auctions and how to solve them. We explore why people get caught up in bidding wars and what sellers can do to get better results, then break down the tricks of the trade and give you practical tips to do auctions smarter. Tune in to gain a competitive edge in the fast-paced world of property auctions and learn how to avoid the common mistakes that can cost you money. Join us for a chat that could change the way you approach auctions. Episode Highlights: 00:00 - Introduction 01:04 - Who is Andy Reid? 02:14 - Is it true that the buyer with the deepest pockets always wins the auction? 06:30 - Examples of auctions benefiting buyers more than sellers 09:51 - How does an auctioneer provide value with limited preparation time? 11:20 - What insights does an auctioneer gain from reviewing auction contracts? 17:27 - What briefing can buyers expect from agents before auctions? 22:45 - Auctioneer strategies in balancing silence and pace in auctions 25:46 - Why buyers should research the auctioneer before attending an auction 30:20 - Stories of shocking auctioneer mistakes 34:25 - Understanding vendor bids: their purpose and usage by auctioneers 39:44 - The legislative aspect of negotiating at the reserve price in Victoria 47:37 - Passing in a property at auction 50:19 - Declaring a property "on the market" during an auction 55:28 - Andy Reid’s property dumbo 57:43 - Final advice for auction bidders and one major mistake to steer clear of About Our Guest: Andy Reid is an award-winning sales coach and top auctioneer in Real Estate known for his emphasis on emotional intelligence and mental health advocacy. Recognized as the Australian Auctioneer of The Year in 2022, Andy owns a thriving auctioneering business serving over 130 agents/agencies in Metro Melbourne. With a 'human first, agent second' approach, he has helped thousands of homeowners navigate Real Estate transactions. Andy's commitment to community extends to raising over $3 million for charities since 2015, making a difference through public speaking, auctioneering, and networking. As an ambassador for mental health charity '100 Words - Mate To Mate,' Andy promotes professional success while highlighting the importance of emotional and intellectual intelligence. Connect with Andy Reid: Website https://andyreid.com.au/ LinkedIn https://www.linkedin.com/in/andyreidcoaching/ Instagram https://www.instagram.com/andyreidcoaching/ Facebook https://www.facebook.com/andyreidcoaching 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

Depending on a potentially biased strata report could lead to problems later on, like unexpected costs or hidden issues with the property.  Without clarity on what might be omitted or misrepresented in these reports, buyers risk making decisions based on incomplete or biased information, therefore jeopardising their investment. Today, we are joined by Michael Ferrier, the founder and MD of EYEON Property Inspections — who has been in the property business for more than 15 years now. With a decade and a half dedicated to perfecting property inspections, Michael's here to help us decipher the characteristics of a reliable report and whether or not it's smart to trust them from the seller's side. Michael explains what needs to be seen in these reports and how they can help you decide if you want to buy a place. He talks about looking for missing info and warning signs that could mean trouble later on. So, if you're thinking about buying a place—whether it's your first time or not—this episode is for you. Tune in as we break down strata reports and learn how to make smarter choices when it comes to buying property. Episode Highlights: 00:00 - Introduction 01:03 - Who is Michael Ferrier? 01:57 - Thoughts on the issues surrounding strata companies about potential misconduct 04:50 - Strata managers’ fees haven’t gone up in 15 years 07:27 - Do undisclosed commissions have an impact on strata reporting? 13:15 - Statutory regulations regarding strata management in NSW 14:35 - Who writes a strata report? Do they need to be qualified? 17:06 - What do buyers typically do once they get a strata report? 21:48 - What does a strata report look like? 25:13 - Red flags you need to spot in a strata report 30:05 - Will properties with clear strata info soon fetch higher prices? 32:23 - Determining a good, moderate, average strata report 36:13 - Key factors to focus on when assessing insurance details in strata reports 39:07 - What are the consequences of owners' reliance on underpaid strata managers? 41:46 - How are strata managers handling maintenance issues in aging buildings? 47:26 - Insights on urban development and zoning regulations 49:09 - Michael Ferrier’s property dumbo About Our Guest: Michael Ferrier is the founder and MD of EYEON Property Inspections. Michael founded EYEON because he saw the opportunity to turn a cottage industry into a professional level service, offering high quality reports and outstanding customer support to property buyers and sellers. Michael has over 35 years of experience across government policy, financial services, banking, franchising, building small businesses, and, of course, property. A keen golfer and rugby nut, Michael says that finding solutions to common problems is very rewarding. The challenge is that solutions often require a change in behaviour. Connect with Michael Ferrier: Website: https://www.eyeon.com.au/ LinkedIn: https://www.linkedin.com/in/mferrier/ 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

With Queensland’s housing market facing an unprecedented crunch, many are left wondering: What can be done to ease the strain? The consequences of this housing crisis are far-reaching, affecting individuals, families, and communities across the state because it's not just about finding a roof over your head anymore. With housing prices soaring and options dwindling, the dream of owning a home is slipping out of reach for many Queenslanders. Today, we have Jackson Hills from Q Shelter — Queensland’s leading authority on housing and homelessness services. With years of experience and expertise in the field, you can trust him to give us the lowdown on what's really going on. Tune in as we break down the housing crisis in plain and simple terms and figure out what we can do to make things better. Your home is your sanctuary – let's work together to keep it that way. Episode Highlights: 00:00 - Introduction 01:05 - Who is Jackson Hills? 02:08 - Making sense of the complex issues on Australia’s housing crisis 05:18 - How can we promote inclusive housing policies that benefit all sectors of society? 09:20 - What are some of the more acute housing problems in Queensland vs other states? 13:36 - Understanding the impact of oversupply concerns on property prices 15:31 - How feasible is the build-to-rent sector considering current challenges? 19:19 - What factors are influencing landlords' decisions to increase rents? 21:49 - Ways governments can aid build-to-rent and community housing? 24:50 - Can private developers profitably engage in build-to-rent on government-owned land? 32:03 - How can developers contribute to designing inclusionary planning frameworks? 37:37 - Understanding the universal housing continuum 42:29 - Insights on rising rental prices resulting in displacement 45:45 - Are there any developers focusing on more than just selling or renting units? 48:20 - Jackson Hills’ property dumbo About Our Guest: Jackson Hills, Manager of Policy and Strategic Engagement at Q Shelter, brings over 15 years of experience in not-for-profit and community organisations, previously serving with Tennis Australia, the AFL, and the Australian Sports Commission. With a master’s in business administration from SCU and accreditations from the AICD, Jackson leads efforts at Q Shelter, Queensland’s primary body for housing and homelessness services. He also serves on the Board of Common Ground Gold Coast, the executive committee of National Shelter, and advises at Collective Leisure, alongside mentoring at the Gold Coast Youth Service. Connect with Jackson Hills: LinkedIn https://www.linkedin.com/in/jackson-hills-3702a825/ Website https://qshelter.asn.au/ 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

Negative gearing and its companion, the capital gains tax discount, have reemerged as hot topics in economic and political circles. But why does it matter? Well, it affects investors, homeowners, and the economy as a whole. There's a lot of confusion about what it all means and what might happen next. In this episode, we explain what negative gearing and the capital gains tax discount are all about. We clear up any confusion and explore why they're in the news again. By the end, you'll have a better grasp of these topics and what they mean for you. Tune in to learn why negative gearing is making waves and what it could mean for your finances. Whether you're a seasoned investor or just curious, this episode will give you the insights you need to understand the headlines. Episode Highlights: 00:00 - Introduction 02:06 - Why is negative gearing back in the headlines again? 04:40 - What are some of the unintended consequences of negative gearing? 06:28 - What is negative gearing? 10:22 - Why is negative gearing controversial? 12:30 - Understanding property investment yields and capital growth 16:49 - Capital gains concession tax and how it works 20:30 - How can investors benefit from changing the capital gains tax 27:30 - How could modifications in negative gearing influence the property market? 33:36 - Is it true that negative gearing contributes to making housing less affordable? 40:01 - How do these tax changes affect the housing market? 44:46 - Are there potential repercussions in removing negative gearing? 47:25 - How can borrowing capacity reductions slow down portfolio investors? 50:29 - Do current tax rules reward "bad behaviour" in property investment? 55:24 - Chris discusses the potential negative impact of attacking negative gearing 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

The real estate landscape is constantly evolving, and recent data has unveiled surprising trends in Australian cities' property markets. Brisbane's boom, Hobart's unexpected decline, and Perth's resurgence raise intriguing questions and we're unsure if the numbers we're seeing are telling us the whole truth. Are these trends indicative of long-term changes, or are there underlying factors that could challenge our understanding of the data? In this episode, we are once again joined by Eliza Owen, the Head of Research at CoreLogic Australia whose vast experience in housing market research makes her an authority on key issues such as housing affordability, credit conditions, and the impact of external factors like the COVID-19 pandemic on the housing market. If you're thinking about buying or selling a house, this episode could help you make better decisions. So join us and gain a better understanding of the data conundrum shaping Australia’s property market landscape. Let’s get started. Episode Highlights: 00:00 - Introduction 01:14 - Who is Eliza Owen? 02:22 - Are experts predicting positive trends for the housing market in 2024? 05:17 - How can Brisbane's dwelling values be higher than Melbourne's despite lower prices? 12:01 - What factors are driving the shift in migration patterns away from Sydney? 14:11 - Differences between Brisbane, Hobart, and Perth's property markets 17:48 - Understanding the factors influencing property prices beyond internal migration 19:19 - What factors influence borrowing capacity for property purchases? 21:36 - How is investor behaviour impacting the stability of the housing markets? 25:38 = Criteria used to identify rentvestors and owner-occupiers in the housing market 28:03 - Understanding Eliza’s women and property report 40:29 - How research methods account for women who co-own properties with male partners 50:44 - How financial literacy influences consumer response to reduction in interest rates 53:52 - What changes have occurred in property market drivers since Eliza started? About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/ Visit their website: https://www.corelogic.com.au/ Resources mentioned in this episode: CoreLogic Australia’s Women and Property Report 2024 https://www.corelogic.com.au/news-research/reports/women-and-property-2024 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

Are rental pressures set to continue in 2024, or is there hope for easing in certain areas? Securing a rental property is becoming increasingly challenging in 2024, posing difficulties for landlords and tenants alike. For property investors, it’s about facing the task of strategically investing their funds. Meanwhile, tenants are faced with the uncertainty of rising rental rates and limited housing options. Today, we are joined by our resident data geek, Kent Lardner to dissect these pressing issues. With Kent's expertise in analysing real estate trends, he brings invaluable insights into the factors shaping the rental market landscape in 2024. Tune in to get some helpful tips and actionable takeaways in dealing with the rental market in 2024. Episode Highlights: 00:00 - Introduction 01:00 - Kent's approach to investigating the outlook for the rental market in 2024 04:41 - The difference in gathering and reporting rental data compared to sales data 06:32 - Analysing the current state and potential future developments in the rental market 09:06 - The challenges of housing affordability and the resulting trends 14:07 - Rental trends in the context of affordability and price increases in various capital cities 18:55 - Key factors influencing equity and borrowing capacity for investors 21:12 - Does prefab construction offer a solution to housing affordability? 26:09 - The dynamics of affordability and price increases in Brisbane, Melbourne, Sydney 30:27 - Why is the majority moving OUT of Sydney? 34:45 - Displacement in the rental market and its implications on supply and demand 36:43 - The potential impacts of legislative reforms on rental data transparency 42:23 - What role should policymakers play in addressing rental insecurity? 43:45 - What steps can be taken to ensure equitable access to affordable housing for all? About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ 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

Do first home buyer incentives actually help make housing more affordable, or do they unintentionally worsen affordability issues? As the debate surrounding first home buyer incentives continues, we seek to understand their true effect on property prices and overall housing affordability. Governmental interventions, such as lending to first home buyers, raise questions about the source of funding and who ultimately benefits from these policies. Today, we are joined by property valuer, Will Phillips — whose extensive research and expertise in property valuation brings valuable insights into how first home buyer incentives are affecting the housing market. Tune in to this episode as we explore the complexities of first home buyer incentives and gain a deeper understanding of how these policies are affecting housing affordability and the broader socio-economic landscape. Episode Highlights: 00:00 - Introduction 01:04 - Who is Will Philips? 03:25 - Why does Perth exhibit higher rates of homeownership in contrast to other areas? 09:34 - How Will separated macro-environmental factors from incentives in his research 14:24 - Do Perth residents benefit from simplified housing access? 16:46 - What's the impact of keystart loans on suburban financial trends? 19:39 - Do incentives create imbalance between new and established markets? 22:17 - What challenges do homeowners in suburbs face amid recent price changes? 26:45 - Examining the correlation between mortgage rates and long-term unemployment 30:44 - Additional questions arising in the discussion about homeownership and employment 37:20 - What's Will's take on Perth's investor appeal amid changing market factors 39:54 - Will's philosophy on assessing risk and return in property investment 42:48 - How does owner-occupier appeal differ between Perth and Southeast Queensland? 47:01 - Exploring the relationship between market dynamics and build quality 49:05 - Will Phillips’ property dumbo About Our Guest: Will Phillips is a property valuer with a 15-year career spanning Australia's diverse landscape. Beginning in South-East Queensland, he assessed properties in urban and remote areas before gaining unique insights in Outback NSW, Outback QLD, Coastal QLD, and Western Australia. Coupled with a Master of Economics (2023), Will dedicated his "spare time" to a 20,000-word dissertation investigating the impact of the mining industry, first home buyer grants and low deposit home loans on Western Australia's property market over the past 20 years. His extensive experience equips him with unparalleled insights into regional dynamics and market cycles across Australia. Connect with Will Phillips: LinkedIn https://www.linkedin.com/in/will-phillips-cbre/ 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

Are we adequately prepared for the consequences of the rapid surge in apartment construction and the subsequent increase in strata dwellings? As we witness a significant increase in the number of new dwellings within strata schemes, it's essential to assess whether our current strata management practices are sufficient to handle the associated challenges. From potential conflicts among residents to the strain on resources and infrastructure, the implications of this rapid growth in strata dwellings are far-reaching and require careful consideration. Today, we're joined by Michael Teys, an experienced consultant who specialises in strata management. With over three decades of hands-on experience in the field, Michael has a deep understanding of how strata systems work. He's also written several easy-to-understand books about strata management and has helped lots of strata communities with his expert advice. Don't miss out on this opportunity to gain a deeper understanding of the evolving landscape of strata management – tune in now! Episode Highlights: 00:00 - Introduction 01:07 - Who is Michael Teys? 01:48 - How does Australia stand out in terms of strata? 05:26 - Will Sydney continue to see more buildings deemed unsafe? 09:00 - Could individual past owners of buildings face lawsuits for building neglect in Australia? 12:03 - What can Australia learn from global solutions for building issues? 17:31 - The importance of having more proactive steps for Australian strata issues 21:19 - Why and how the government could potentially help in addressing strata issues 29:34 - What can be done to improve the strata property purchasing processes? 35:15 - What property investors and home buyers should understand about strata levies 36:29 - How do global policies tackle strata safety and developer accountability across borders? 39:37 - How can potential buyers obtain reliable safety information about strata properties? 44:49 - What strategies could be considered to ensure building safety remains a priority? 49:56 - Where to find hope amidst the challenges and discussions within the strata community? 52:50 - Michael Teys’ property dumbo About Our Guest: Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals. Connect withMichael Teys: Website https://michaelteys.com/ LinkedIn https://www.linkedin.com/in/michaelteys/ 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

The YIMBY (Yes In My Backyard) movement proposes increasing urban density while maintaining the quality of life. This raises questions about the potential impact on developer profits, the power struggle between YIMBYs and NIMBYs, and the broader implications for city planning and community dynamics. Join us as we talk with Melissa Neighbour, an urban planner, community builder, and the co-founder of Sydney YIMBY. With her extensive experience and expertise in sustainability, Melissa is uniquely positioned to shed light on the intricacies of the YIMBY movement and its potential to reshape urban landscapes. Listen to this episode to learn about the YIMBY movement and its implications for urban living. Get insights into the future of city planning and the ongoing argument between YIMBYs and NIMBYs. Episode Highlights: 00:00 - Introduction 01:23 - Who is Melissa Neighbour? 02:31 - What is the origin of the Sydney YIMBY movement and how has it been growing? 05:10 - How do YIMBYs reconcile urban development's impact on infrastructure? 08:34 - Do YIMBYs shift their views and become NIMBYs after buying property? 12:24 - How does the YIMBY movement aim to influence urban planning reforms? 18:32 - Addressing the challenges that arise from negative perceptions of development 23:53 - What is “design done well” 25:56 - How does housing diversity impact the realisation of the Great Australian Dream? 31:01 - Is zoning alone enough to solve housing supply issues? 32:56 - What is the balance between development and preservation in urban infill? 35:25 - Strategies for addressing housing supply constraints within the planning system 42:12 - What additional changes are necessary to create a fair market environment? 43:11 - How can urban development balance heritage preservation and housing density? 46:48 - The role of investment returns, affordability, and preferences in property trade-offs 53:01 - What role does planning play in high-density development success? 59:36 - Melissa Neighbour’s property dumbo About Our Guest: Melissa Neighbour is an urban planner, community builder and sustainability specialist. She is the owner and Director of Sky Planning, a purpose-driven town planning consultancy based in Sydney, and co-founder of Sydney YIMBY. She has developed and implemented award-winning sustainable development projects across Australia, and is a strong advocate for building progressive, inclusive cities that unleash and amplify your peak potential as a human being, while regenerating the natural environment. Melissa regularly consults to government and industry and presents at major fora including TEDx, on the innovations, trends and forces that are shaping urbanism and defining our communities. Connect withMelissa Neighbour: LinkedIn https://www.linkedin.com/in/melissaneighbour-future-city/ Website https://www.sydney.yimby.au/ Twitter https://twitter.com/missneighbour 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

Join us in today's episode as we tackle real estate head-on, responding to questions from our listeners that hit close to home. Ever found yourself rushing to perform strata due diligence on a property about to slip through your fingers? We've got you covered with practical strategies for navigating this time-sensitive challenge. And what do you do when your strata manager seems to have disappeared into thin air? We share practical and effective advice on effective communication to break through those managerial roadblocks. For investors struggling to understand the complexities of land tax, we break down the tipping point for selling, ensuring you make informed decisions about your investment portfolio. Dive into the regional dynamics of property markets as we explore why East Coast property enthusiasts might turn their noses down at Perth real estate. We discuss the cultural perceptions influencing this divide. Plus, get the lowdown on the rising trend of modular and kit homes, helping you separate fact from fiction in this innovative housing landscape. Tune in for a no-nonsense Q&A session, where we tackle real estate challenges, providing insights that will empower your investment journey. Episode Highlights: 00:00 - Introduction 01:05 - How to conduct thorough due diligence solely with vendor-provided strata reports? 10:15 - When should investors sell in Sydney considering land tax impact? 15:59 - Veronica shares a property dumbo related to land tax 28:49 - Is building with pre-built and modular homes economically viable? 35:56 - What to do if strata manager ignores queries on solar panels and insurance? 41:12 - Is there a Perth property market misconception among East Coasters? Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode #308: Pros vs Cons: Relying on Vendor-Paid Pre-Purchase Inspection Reports https://www.theelephantintheroom.com.au/podcasts/308 Listen to the Your Strata Property Podcast https://yourstrataproperty.com.au/listen-to-podcasts/ 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

Have you ever wondered why, despite the widely recognised affordability crisis in Australia, housing prices continue to soar? This puzzling situation raises questions about how the housing market works and what it means for those trying to buy a home or invest in property. In today's episode, we talk to senior economist Paul Ryan from REA Group’s PropTrack. Paul's been digging into real estate trends for quite a while, and he's got a practical grasp of the subject. His straightforward insights into what's driving housing prices gives us a clear picture of the current market. If you'd like to understand why homes are becoming more expensive even in the face of affordability concerns, or maybe you're curious about the disconnect between affordability and rising prices, this episode is for you. Episode Highlights: 00:00 - Introduction 01:06 - Who is Paul Ryan? 01:56 - Paul’s take on the 2023 property market coming into 2024 03:57 - Factors behind the decline in housing turnover over the past decade 06:09 - How are economic factors affecting the downsizing phase of homeownership? 08:49 - What role does Australia's economic well-being play in housing affordability? 10:39 - Metrics used to assess affordability and which one labels Australia as highly-priced 16:24 - How will intergenerational wealth transfer impact future housing affordability? 19:02 - Strategies on the government's roadmap for housing challenges in the next decade 22:08 - How Paul thinks the shortage of homes in desirable locations should be tackled 30:23 - Is the COVID-driven home builder initiative really causing a profitless boom for builders? 33:12 - Should heritage preservation take precedence over urban densification? 36:27 - Explain the inconsistency of crowded living and spare bedrooms near the CBD 39:29 - How can the real estate industry make downsizing more appealing for empty nesters? 43:05 - What factors contribute to the surprising affordability of buying versus renting? 45:26 - Exploring the RBA's mindset during periods of slowing inflation 50:47 - What’s the disconnect: 40% negative cash flows, but no widespread property sales? 54:45 - Paul Ryan’s property dumbo About Our Guest: Paul Ryan is an economist at REA, specialising in housing finance, market forecasting and big data analysis. Before joining REA in December 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets. Paul is based in Sydney. Connect with Paul Ryan: LinkedIn https://www.linkedin.com/in/paul-ryan-524ba456/ Read Paul’s articles here https://www.realestate.com.au/news/author/paul.ryan/ Visit PropTrack’s Website https://www.proptrack.com.au/ 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

Have you been keeping an eye on how the world's reopening is influencing the choices of Australian expats in the real estate market? Wondering if the trend of returning home is on the rise or if new destinations are emerging as hotspots for Aussies living abroad? What's really happening now that the world is opening up again?  Are Aussies flocking back home, or are they still loving the expat life? In today's episode, we sit down with Brett Evans from Atlas Wealth Management to get into the real deal about Australians living overseas and their impact on the property market. He's seen it all and knows the ins and outs of why Aussies are choosing to live where they do. We also tackle money matters as we all know that while living abroad can be exciting, it also comes with its own set of financial challenges. So Brett gives us the lowdown on taxes, investments, and all that important stuff that can make or break the expat experience. Tune in and let's dive right into the world of Aussie expats and understand their impact on the property market. Episode Highlights: 00:00 - Introduction 01:02 - Who is Brett Evans? 01:56 - How has the expat community evolved in the years following 2021? 05:06 - Brett provides insights into the tax implications for expatriates working globally 10:50 - Is working for Australian companies from overseas becoming more common? 13:52 - Three distinct silos or groups identified in expatriate perspectives 15:13 - Factors affecting property buying behaviour among Australian expats 22:52 - Tax implications for expats when they return to Australia for a limited period 24:01 - What concerns arise for Australian retirees regarding asset sales when retiring abroad? 27:36 - How proper advice mitigates the risks of costly decisions for expatriates 31:49 - Horror stories about mistakes people make when purchasing property abroad 35:45 - Are there noticeable patterns in expatriates moving and returning? 40:35 - What considerations shape investment choices for Australians overseas? 45:50 - Does Brett consider the 2021 policy on expatriate properties short-sighted? 49:00 - Brett Evans’ property dumbo About Our Guest: Brett Evans, founder and Managing Director for the EMEA region at Atlas Wealth Management, boasts over 24 years in finance and investments, with roles at major firms like ASX, HSBC, Suncorp, and Citigroup. Specialising in financial advice for Australian expats, he established Atlas in 2011, serving clients across 38 countries. A seasoned expat himself, residing in Dubai, Brett holds a Bachelor of Commerce and various financial diplomas. Both he and Atlas Wealth Management have received numerous awards for their outstanding advice to Australian expats. Connect with Brett Evans: LinkedIn https://www.linkedin.com/in/brettaevans22/ Website https://atlaswealth.com/ 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

How reliable is the data behind Perth's property boom, and what does it truly tell us about the future of this market? Is the market genuinely booming, or are we looking at a bubble that's about to pop? Today, we take a look at Perth's bustling real estate scene with Ray Chua, a seasoned buyers agent who's right in the thick of it all in Perth. He brings us the inside scoop by breaking down what's really driving the spike in property values in this vibrant city. Ray's got his finger on the pulse of the market, so he walks us through the trends by putting his years of experience and local know-how to work. He takes a hard look at the data investors usually bank on, hinting that it might not be as solid as we thought. For anyone thinking about jumping into Perth's property market, this episode is for you. Should you jump on the bandwagon and enjoy the surge in values, or is there a danger of getting caught in a slump? Tune in and let's get started! Episode Highlights: 00:00 - Introduction 01:03 - Who is Ray Chua? 02:09 - What is a mechatronics engineer? 03:16 - How did Perth's real estate market evolve over 20 years? 05:32 - What were Perth's property market trends from 2006 to 2023? 10:23 - How Perth evolved into a consolidated city from being just a mining town 11:31 - The primary industries driving Perth's economy 14:54 - Ray explains why he believes Corelogic's Perth data is incorrect 17:11 - How do local and external perspectives differ in Perth's property market? 24:22 - What risks do unqualified buyer's agents pose in real estate? 29:15 - Is there a growing buzz around investing in Perth's real estate? 33:58 - How affordability factors are impacting bridesmaid suburb popularity 35:57 - Is a rebound in Perth's property market guaranteed? 40:18 - How accurate is the claim of high vacancy rates in Perth? 43:53 - Are high earners in Perth poised to boost the market with more spending? 45:24 - Ray Chua’s property dumbo About Our Guest: Ray Chua, with 15 years as a Buyer’s Agent in Perth's property market, and a background in Mechatronics Engineering, combines analytical skills and extensive real estate expertise. He's adept in tailored client solutions, leveraging a vast network and a strong commitment to excellence. An active investor, Ray has handled projects from renovations to developments, including a significant triplex project. His experience with market dynamics post the mining boom led him to establish Buyers Advocate Perth, focusing on high-quality investments for clients and aiding in purchasing dream homes. Connect with Ray Chua: Website https://www.buyersadvocateperth.com.au/ LinkedIn https://www.linkedin.com/in/chuaray/ Twitter https://twitter.com/ray_chua Instagram https://www.instagram.com/rayyyychua/ Facebook https://www.facebook.com/BuyersAdvocatePerth/ 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

Looking to understand how the property market performed in 2023 and what to expect for 2024? Our January Suburb Trends report is here to guide you. We've closely analysed each capital city's performance in 2023, so we can provide you with direct and clear insights. Our resident data geek, Kent Lardner, is back to highlight the major shifts in each state's market. We cover the top three factors that influenced the market last year for a comprehensive overview. And finally, we tackle an important question: What do last year's trends indicate about investment opportunities in 2024? Join us for valuable insights that will help you prepare for the year ahead. Let’s get into it! Episode Highlights: 00:00 - Introduction 01:16 - How have Perth's property prices changed despite low listings? 05:22 - How did COVID impact real estate in Australian capitals? 06:40 - Listings decreases for units 07:17 - Areas where listings have increased 09:31 - Listings increase for units 10:52 - Inventory decreases in houses 11:35 - Inventory decreases in units 14:53 - Housing inventory levels in Sydney and Perth 15:57 - How are inventory levels changing in different areas in Australia 23:21 - Rental decreases for houses in Australia 27:03 - Top 10 rental increases for houses and units 33:00 - The biggest topics about property in 2024 About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: https://suburbtrends.com/ 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