Australian Property Podcast

Welcome to a Tuesday edition of 2 Sense on the Australian Property Podcast, where we break down the biggest news headlines of the week and tell you what this really means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent discuss Chinese buyers roar back, Aussie property prices hit record highs, and how El Ninois impacting farmland Story 1: Chinese buyers return to Aus property As Chinese students and migrants return to Aus, pathways to foreign buyers pick up again. Enquiries are up 76% YoY in Q2 (Juwai) after 3 years of lockdowns FIRB saw approvals rise 40% over the year for Chinese buyers in FY2023, with a boom in the June quarter this year   Where? Mostly a Sydney/Melbourne dynamic, and more into larger homes this time around – houses and townhouses more than small units  Why? Chinese borders reopened in January so there is a lag effect at play here, and we are now seeing the catch-up Capital flight, aspirational to own Aus property and move to/live in Australia What next? Story 2: Aussie property prices return to record highs (The Aus, PropTrack) Prices fully recovered downturn by September 2023, a bit different from what some have forecast!  Where? Adelaide, Brisbane, Perth, and Sydney just -0.3% below the record  Why? Record population growth, few forced sellers, low stock, rising rents, soaring building costs  What next? Steadier growth into 2024 and 2025  Story 3: Farmland returns drop to 8-year low on El Nino Farmland impacted by weather, foreign owners have sold to lock in gains at high prices Why? Cyclical, weaker commodity prices, El Nino, and some sellers locking in gains What next? Foreign ownership to rebound as the world opens up, FIRB restrictions have had an impact Australian Property Podcast resources: Story 1 Story 2 Story 3 Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this special episode of The Australian Property Podcast, where we help you break down everything you need to know about the market and your property.On this episode, Mortgage Broker, Chris Bates is joined by George Morice, chartered accountant and director at Prime Partners.Chris and George are discussing what you need to know from a tax perspective throughout your property journey.Chris and George will be discussing: Tax mistakes Opportunities Things to avoid Myths First home buyers Capital gains tax Investment Properties Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Australian Property Podcast, we are discussing guarantor loans.Buyer's Agent Amy Lunardi is interviewing our resident mortgage broker Chris Bates on the ins and outs of guarantor loans.For first-home buyers (or seasoned buyers), getting a deposit and entering the market can be challenging and guarantor loans can act as a very powerful tool.We discuss: Ways to enter the market what options are available have what are the considerations what you need to know to make an informed decision Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we take a look at the week's most interesting news headlines and break down what this means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent are discussing unit shortage, Melbourne house price jump, and Victoria's new granny flat policy.Story 1 – Unit shortage looming over Aussie housing market (CoreLogic) There is set to be a housing deficit of 175,000 by 2027 (NHFIC) Why? Above average population growth, below average completions Where? Not everywhere. Brisbane, Perth, Adelaide, some parts of Sydney and Melbourne What next? Vacuum in units supply until 2027, falling cash rate could fuel a stronger price boom Story 2 – Melbourne house prices to jump 12pc in 2025 KMPG releases home price forecasts Why? They always do? Are they useful? Fool or forecaster reports? Where? Melbourne houses and units, Sydney houses and units, but actually gains before for all of the capital cities out to 2025 due to rising demand, and falling interest rates, and more foreign investment What next? Story 3 – Dan Andrews granny flat announcement and 7.5% short stay leases tax What? Second dwelling in Victoria under 60sqm won’t require a planning permit Why? Another kneejerk policy reacting to the shortage of dwellings Where? State of Victoria. NSW has similar policies already? What next? Boom in building granny flats. Impact on the rental market?  Considerations CGT, subdivision rules, etc? It appears to be the government’s intention that they could be rented out, though not yet legislated as such. Busier cities, lower living standards? Risks? Insurance? Planning permits Australian Property Podcast resources: Core Logic AFR Victorian Government Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you want to invest your time and money better?Then listen to THIS episode.Owen Rask interviews host of The Australian Finance Podcast and brand new author, Kate Campbell, about her book, Buying Happiness: Learn to invest your time and money better.Kate discusses her journey into investing, why she wrote a book on money and happiness, how our community is boosting their happiness and some practical ways you can use your money and time to improve your life right now.📚 Enjoyed this episode? You'll love Kate's book, Buying Happiness, which you can order on Booktopia or Amazon.🎟️ We're going on the road from September - October 2023; get your tickets here!***Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a cross-post from the Australian Finance Podcast. Owen Rask is hosting a Q&A with the founder of Blusk and mortage broker, Chris Bates.Chris & Owen discuss what a 'good asset' in property looks like, what to do if you can't afford your dream house, deciding on fixed or variable, upgrading and property deposits.Chris Bates was recently voted the #1 mortgage broker in Australia by The Adviser!Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we take a look at the week's most interesting news headlines and break down what this means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent are discussing the population boom, labour market & reasons why rents could slow.Story 1: Population boomed by a record +182,000 in Q1 Population growth accelerated to +182,000 in Q1 – highest ever – that’s 2,000 people per day. Catching up COVID and alleviating the labour shortage Why we can’t build for this kind of growth Where? Victoria, Queensland, and NSW all got massive growth What next? A big debate about whether this is responsible policy given the housing shortage Story 2: Slack increases in the labour market The economy is still adding jobs, but measures of underemployment and underutilisation are now rising Why? Record immigration and slowing economy Where? Most states are slowing, mainly driven by slack in Sydney and Melbourne What does it mean? Slower wage growth going forward, interest rates to peak Story 3: 3 reasons rents will slow in 2024 Eliza Owen from CoreLogic identified 3 reasons why rents will slow in 2024 rents move with interest rates softer incomes growth rental affordability becoming stretched in some areas What does it mean? Good news for inflation and renters Australian Property Podcast resources: Australian Unemployment Core Logic Study Pete's blog Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we take a look at the week's most interesting news headlines and break down what this means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent are discussing: business insolvencies hitting a 15-year high, why office towers are taking a major hit & Australian population surge driving rental vacancies to a new low.Story 1: Business Insolvencies Hitting a 15-year High Firms are starting to fail as the cost of capital rises Why is this happening? The business cycle has been unusual, stimulus could have papered over the cracks Big surge in small business failures, rising unemployment, and a fall in employment, particularly in the retail segment What does it mean for property?  Distressed sales are still low for now. The unemployment rate is still 3.7% Story 2: Office towers to take a major hit (according to a recent Morgan Stanley report) ABS value of dwelling stock rose $325bn in the June quarter to over $10 trillion, driven mainly by increases in the mean dwelling price in NSW (+$32k) and QLD (+$26k) However, Morgan Stanley reports office tower valuations could fall another 10-15% Why is this happening? Working from home phenomenon has persisted, at least for 3 days per week  What does it mean? This could be interesting news for REITs and super funds What does it mean for property? Commercial office prices to fall  Story 3: Record low rental vacancies Record high population growth, and record low rental vacancy rates. International arrivals in January hit 1.7m, the highest since January 2020 Why is this happening? Temp visas are at a record high of 2.55m, including a record 650,000 international students, with population growth at 2.4%. What does it mean? Despite this, the rental market seems to be a bit steadier and less panicked  What does it mean for property? Ongoing rental shortages and pressures to continue for the next 2-3 years? Australian Property Podcast resources: ABC - Insolvencies REA Housing Crisis International Students Pete's blog Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Property OR shares (or a bit of both)?!In today's episode, we're opening the can of worms that many Australians can relate to: the great debate over investing in property or shares.Kate Campbell moderates the debate between Owen Rask (team property) and Tom Wilson from InvestSMART (team shares).Who won? Let us know via Instagram.Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we break down the biggest news headlines of the week and tell you what this really means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent talk about pattern book housing, stronger market dynamics, and the future of Australia.Story 1: Pattern book housing proposal for NSW A new proposal launched by Housing Group Now to speed up the supply The proposal: 375,000 dwellings in 5 years, building up 30 medium-density suburbs across the city Benefits: Supply increases if it speeds up building approvals and projects Risks: Quantity over quality, cutting of corners, defects, etc  Story 2: Stronger market dynamics, could buyer FOMO explode? With the rate on hold for the 3rd consecutive month and household consumption now slowing, buyer FOMO is set to explode Listings rose in August in Sydney and Melbourne as vendor confidence grows Westpac calling next move down in 2024  Story 3: Intergenerational report reveals what Australia could look like in 2063 Population projections 43 million in 2063 (we usually overshoot the projections) Estimate large ageing population and young migrants The healthcare sector will require huge investment and employment (noteworthy for housing and commercial property too)  The expectation is that there will be a large investment in renewables Tax: Australia may need to shift the focus away from income taxes which are already very high, towards other forms of tax e.g. inheritance, land tax, higher GST etc Australian Property Podcast resources: Story 1 - Pattern Book Housing Story 2 - Buyer FOMO Story 3 - Intergenerational report Pete's Blog Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices