Predicting the property market and getting it right doesn’t make you a nostradamus but when you get it right and people want an answer, what do you say? In this episode Stuart Wemyss Director of Prosolution and host of the Investopoly podcast joins us back from Episode 39. Stuart shares insights into how the lending space has tightened up on borrowing, why people are upgrading over investing and how he came to his accurate prediction. 

Here’s what we covered:
How did Stuart get his 2018 forecast?
Why are predictions not that reliable?
What do the studies show and does it help you invest?
Why asset selection is far more important than "getting a good deal".
What happens at the bottom of the market?
Does your property have the fundamentals that could lead to high capital growth?
When should you sell a quality asset?
How to become borrower ready?
How to maximise your borrowing capacity? 
How to best manage your spending.
How have low interest rates changed investing strategy?
Why to always approach the family home as an investment property?

MENTIONED EPISODES:Episode 39 | Stuart WemyssEpisode 117 | Dr. Shane OliverEpisode 123 | Martin North

GUEST LINKS:Buy Stuart’s book  Rules of the lending game. And use code ‘elephant’ for a discount plus free postage. Buy Stuart’s bookInvestopolySubscribe to Stuart’sblog Article: How important is buying below market value? The largest longitudinal study on forecasts Philip E. Tetlock

HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: info@gooddeeds.com.au 

Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT:Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 5 May, 2020.

https://www.theelephantintheroom.com.au/podcasts/126

Predicting the property market and getting it right doesn’t make you a nostradamus but when you get it right and people want an answer, what do you say? In this episode Stuart Wemyss Director of Prosolution and host of the Investopoly podcast joins us back from Episode 39. Stuart shares insights into how the lending space has tightened up on borrowing, why people are upgrading over investing and how he came to his accurate prediction.  Here’s what we covered: <ul> <li style="font-weight: 400;">How did Stuart get his 2018 forecast?</li> <li style="font-weight: 400;">Why are predictions not that reliable?</li> <li style="font-weight: 400;">What do the studies show and does it help you invest?</li> <li style="font-weight: 400;">Why asset selection is far more important than "getting a good deal".</li> <li style="font-weight: 400;">What happens at the bottom of the market?</li> <li style="font-weight: 400;">Does your property have the fundamentals that could lead to high capital growth?</li> <li style="font-weight: 400;">When should you sell a quality asset?</li> <li style="font-weight: 400;">How to become borrower ready?</li> <li style="font-weight: 400;">How to maximise your borrowing capacity? </li> <li style="font-weight: 400;">How to best manage your spending.</li> <li style="font-weight: 400;">How have low interest rates changed investing strategy?</li> <li style="font-weight: 400;">Why to always approach the family home as an investment property?</li> </ul> MENTIONED EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/039">Episode 39 | Stuart Wemyss</a><a href="https://www.theelephantintheroom.com.au/podcasts/117">Episode 117 | Dr. Shane Oliver</a><a href="https://www.theelephantintheroom.com.au/podcasts/123">Episode 123 | Martin North</a> GUEST LINKS:Buy Stuart’s book <a href="https://www.prosolution.com.au/rules-of-the-lending-game/"> Rules of the lending game</a>. And use code ‘elephant’ for a discount plus free postage. Buy Stuart’s book <a href="http://investopoly.com.au/">Investopoly</a> Subscribe to Stuart’s <a href="https://www.prosolution.com.au/stay-connected/">blog</a> Article: <a href="https://www.prosolution.com.au/how-important-is-buying-below-market-value/"> How important is buying below market value?</a> The largest longitudinal study on forecasts <a href="https://en.wikipedia.org/wiki/Philip_E._Tetlock">Philip E. Tetlock</a> HOST LINKS: Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au">www.gooddeeds.com.au</a>Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a>Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:<a href="http://www.getauctionready.com.au">www.getauctionready.com.au</a>Use the coupon ELEPHANT for your 30% listener discount. EPISODE TRANSCRIPT:Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 5 May, 2020. <a href="https://www.theelephantintheroom.com.au/podcasts/126">https://www.theelephantintheroom.com.au/podcasts/126</a>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

The Elephant In The Room Property Podcast | Inside Australian Real Estate

Banks tightening up lending and unpacking Stuart Wemyss accurate prediction of the property market

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