Property prices rise more rapidly in some suburbs than others and it makes one wonder - what could be behind this movement?

Is it purely due to established properties in the area being in high demand, or do building projects & renovations have a hidden impact on price growth?

Today, we’re joined by our resident geek Kent Lardner for this month’s Suburb Trends episode! He takes us through his research on the impact renovations have on price growth data, where the ABS renovation values come from, the Gold Coast hinterland’s growth anomaly and more!

If you enjoy the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

 

Episode Highlights:
Kent’s approach on researching the impact renovations have on price growth [01:09]
What else drives median prices? [02:59]
Renovation costs go beyond the renovation itself [04:31]
Where do the ABS renovation values come from? [06:24] 
A deeper look at the growth data in certain areas [10:32]
Renovating big houses to live in versus renting them out [19:35]
The unexpected stand-out in growth [23:22]
There’s not a lot of building going on in Sydney versus Melbourne [25:39]
Comparing the price growth of Newcastle and Wollongong [27:04]
The desirability of Fig Tree Pocket, Byron Bay, and Lake Macquarie [29:48]
Why the South and Gold Coast areas are worth looking into [33:18]
The big price growth anomaly that is the Gold Coast hinterland [34:29]
What can we expect on the next Suburb Trends episode? [39:23]

 

Links from the Show:
Visit Suburb Trends
Suburb Trends Building Activity Map

 

Connect with Us:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: hello@wealthful.com.au 
Send in your questions to: questions@theelephantintheroom.com.au 

 

Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/204

 

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

Property prices rise more rapidly in some suburbs than others and it makes one wonder - what could be behind this movement?
Is it purely due to established properties in the area being in high demand, or do building projects &amp; renovations have a hidden impact on price growth?
Today, we&rsquo;re joined by our resident geek Kent Lardner for this month&rsquo;s Suburb Trends episode! He takes us through his research on the impact renovations have on price growth data, where the ABS renovation values come from, the Gold Coast hinterland&rsquo;s growth anomaly and more!
If you enjoy the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>!
See you in the episode!
&nbsp;
Episode Highlights:
<ol>
<li aria-level="1">Kent&rsquo;s approach on researching the impact renovations have on price growth [01:09]</li>
<li aria-level="1">What else drives median prices? [02:59]</li>
<li aria-level="1">Renovation costs go beyond the renovation itself [04:31]</li>
<li aria-level="1">Where do the ABS renovation values come from? [06:24]&nbsp;</li>
<li aria-level="1">A deeper look at the growth data in certain areas [10:32]</li>
<li aria-level="1">Renovating big houses to live in versus renting them out [19:35]</li>
<li aria-level="1">The unexpected stand-out in growth [23:22]</li>
<li aria-level="1">There&rsquo;s not a lot of building going on in Sydney versus Melbourne [25:39]</li>
<li aria-level="1">Comparing the price growth of Newcastle and Wollongong [27:04]</li>
<li aria-level="1">The desirability of Fig Tree Pocket, Byron Bay, and Lake Macquarie [29:48]</li>
<li aria-level="1">Why the South and Gold Coast areas are worth looking into [33:18]</li>
<li aria-level="1">The big price growth anomaly that is the Gold Coast hinterland [34:29]</li>
<li aria-level="1">What can we expect on the next Suburb Trends episode? [39:23]</li>
</ol>
&nbsp;
Links from the Show:
<ul>
<li aria-level="1">Visit <a href="http://www.suburbtrends.com">Suburb Trends</a></li>
<li aria-level="1">Suburb Trends <a href="https://www.suburbtrends.com/picks/building-activity-map">Building Activity Map</a></li>
</ul>
&nbsp;
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a>&nbsp;</li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>&nbsp;</li>
</ul>
&nbsp;
Find this episode on our website: <a href="https://www.theelephantintheroom.com.au/podcasts/204">https://www.theelephantintheroom.com.au/podcasts/204</a>
&nbsp;
If you&rsquo;ve enjoyed this episode, don&rsquo;t forget to like, share, rate and subscribe for more!

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

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

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