Afleveringen
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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 with Owen 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/3BbdlkdResources:
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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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Zijn er afleveringen die ontbreken?
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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/333Resources:
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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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/LouiChristopherResources mentioned in this episode:
Download Louis Christopher's 2024 Housing Boom and Bust Report here: https://sqmresearch.com.au/boombustreport.phpResources:
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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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/176147085XResources:
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 - [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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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 [email protected] 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: [email protected]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=26cde394fa854765See omnystudio.com/listener for privacy information.
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