Australian Property Podcast

On this episode of The Australian Property Podcast, Buyer's advocate Amy Lunardi and Rask founder, Owen Rask are discussing how to develop a property brief. They will talk you through what exactly is a property brief, where it should sit within the buying process, and how this differs from your strategy.So, what is a property brief? A condensed idea (ideally written down) on exactly what you are willing to purchase, this includes budget, location & characteristics of the property. Amy and Owen are going to double-click on how to develop your property brief so that you can implement this in your own property journey.On this episode: What is a brief? Brief vs strategy Why do you need one? Home vs investment brief Breaking down each of the elements: Budget Locations Non-negotiables & bonuses Doing a reality check Mistakes Amy often sees made (not doing it at all, not doing it thoroughly enough, maybe locations, bonuses vs non-negotiables, not being on the same page, not doing the reality check, saying “would consider if was…”) Tradeoffs and compromises Communicating your brief to agents Changing the brief over time 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 2-Sense on The Australian Property Podcast, where the team takes a look into the top 3 property news stories and breaks down what this means for you and your property.Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates are discussing the regional market, underuse of dwellings & lending buffers in this week's episode.This week's stories:Story 1 – Regional Markets Under Pressure Migration patterns are now normalising post COVID Capital city prices up 1% in August, closing in on previous highs, but some regional markets are under pressure and are now seeing price declines CoreLogic’s latest regional market analysis shows interest rates are impacting regional Australia more than in the big cities On the plus side inflation figures did ease – and building costs and building approvals are slowing   Pre-retirees selling homes to fund retirement Story 2 – 1.3% of dwellings unused Only 1.3% of dwellings appear to be unused according to electricity use It’s a lot different from the 10% talked about on Census night when people are often travelling or overseas What does this mean for holiday homes and Airbnb? Some Airbnb properties are doing 10% yields How is this impacting rental markets? Thoughts on regulations and whether they are a good investment? Story 3 – Lending buffers – non-banks pushing the envelope Pepper is now using a 1% buffer for some investors Is 3% too tight? Shayne Elliott of ANZ says the settings are wrong Peter Tulip also says it’s paternalistic and unnecessary What happens next and when? What do we think will happen with interest rates and borrowing capacity in the future?  What we think could occur for first home buyers who want to enter the market Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Property Event with Pete & Chris 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

On this episode of the Australian Property Podcast, Mortgage Broker Chris Bates is joined by Jamie Nemsis founder of Wattle Partners, a prominent financial advisor and retiree specialist. Chris and Jamie are deep-diving into where wealth is sitting and how this is affecting property. Together they discuss the wealth mindset of Baby Boomers, wealth transfer, and retirement.About Jamie Nemsis:Jamie is one of the founders of Wattle Partners. Having been in the industry for more than 20 years. Jamie’s career spans the corporate and private sectors, growing and building businesses across financial services. Wattle Partners is one of Australia's most respected advisers, and are specialists in retirees.Insights into the minds of Baby Boomers  How do pre-retirees feel about their home, debt, and investment properties coming into retirement? How do retirees feel about downsizing or treechange? The opportunities and challenges? How has property built wealth for Baby Boomers? Have they made more or less money from residential than other asset classes?  Jamie's personal view on property Financial Advice industry - Jamie's thoughts on conversations around their biggest single assets usually their home/investment properties and debts How do clients feel about helping their kids? If they have enough, do they want to, and even if they don’t have enough? Are they worried about future generations or feel they just have to figure it out for themselves? How are they helping their kids and often grandkids? Conversely, How should kids approach their family for help with their property moves? Do they often underspend post-retirement and under save going into it? Buying Residential Property In SMSF Jamie's take on the new Super Tax on bigger balances? 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 episode of 2 Sense on The Australian Property Podcast, where we break down the news headlines and tell you what this means for you and your property.Buyer's Agent Pete Wargent and mortgage Broker (who also has just been awarded Australia's #1 mortgage broker), Chris Bates, are discussing how spare rooms are causing undersupply, Evergrande collapse & Brisbane house pricing.On this episode: Story 1 – Scott Keck article on using our spare bedrooms His point? There are so many empty bedrooms in Australia that never get used if you are looking at the Census numbers. And we are now in a rental crisis.  What does it mean and why? Policies to make more efficient use of the housing stock What do we think will happen? Incentives to allow borders without CGT implications? Key takeaways for property investors and homebuyers? Story 2 – China’s 2nd largest developer Evergrande collapsed What happened and why? $81bn losses over 2 years as Chinese real estate market sinks Chapter 15 bankruptcy in New York filed and creditors are scrabbling to recover debts What does it mean for China? Recession, deflation, stimulus? Risk of Contagion? What does it mean for Australia? Commodity prices like iron ore are under pressure, Chinese developers exiting, and capital flight from China to Aus Should we be worried? Watch closely, but don’t panic Story 3 – Brisbane becomes house price leader Brisbane housing prices up 4% over the past 3 months, ahead of Sydney What does it mean? The downturn has been fairly shallow, on average. Some property types have done better than others. Units have done well, first time in 12 years as borrowing capacity is down.  What do we think will happen? What are people buying? Focus on quality, flood-free, 10-year horizon out to the 2023 Olympics.  Implications for investors and homebuyers? Quality stock levels are still quite tight, need to be clear on your brief and decisive and do your DD. Fundamentals for Brisbane are strong – high population growth and a stock shortage, and the state Budget appears robust Australian Property Podcast resources: https://www.macrobusiness.com.au/2023/08/rental-crisis-forces-australians-into-share-housing/ https://www.linkedin.com/pulse/my-thoughts-accommodation-crisis-scott-keck/ https://www.theguardian.com/business/2023/aug/18/chinas-struggling-property-giant-evergrande-files-for-bankruptcy-protection-in-us https://www.macrobusiness.com.au/2023/08/brisbane-becomes-house-price-leader/ 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

We are talking negotiation do's and don'ts on this episode of the Australian Property Podcast. Property experts Pete Wargent and Amy Lunardi are discussing what situations you will need to negotiate, what to look out for, the price versus terms, and mistakes to avoid when you are considering buying a property.On this episode of the Australian Property Podcast In what situations will you need to negotiate Is there such thing as a 'normal' negotiation? Price vs Terms how to be creative with your conditions how to make your offer as appealing as possible Negotiation Mistakes Making assumptions  Letting emotions get in the way - how this might differ if you're buying a home or investment property How to determine the market value as well as the personal value Circumstances changing (vendor's position changes, buyers find another property) Lowball offers - considerations Importance of maintaining a good relationship with an agent  Our negotiation tips Leave the ego at the door Work with rather than against the agent - communicate your wants and needs Being clear with your offer to the agent Use open-ended conversations/questions Assess risks 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 2 Sense where the Australian Property Podcast team discusses the latest news headlines and breaks down what it means for your property.This week Buyer’s Agent, Pete Wargent and Mortgage Broker, Chris Bates shrinking lot sizes, price surges, mortgage resets & new proposed policies,Story 1 – Lots shrink and prices surge Land prices up significantly over the past decade, according to the HIA  Particularly large increases in Sydney and Hobart with the lowest in Perth Lot prices have also shrunk. Price per square meter is up 200% in Sydney How are smaller blocks affecting the housing market? What are the drivers? Population growth, slow land release, or both? What does it mean for housing going forward?  Story 2 – Mortgage cliff a mirage  Fixed-rate mortgages will reset from 2% to 6% for many borrowers, meaning a total of $350bn of loans in total to reset (out of $2tn mortgage debt in Aus)  What does it mean?  Will we see a reduction in consumption, and some will go into arrears to be forced to sell?  Are we halfway through the cliff now? Arrears have increased a bit (CBA results, Bendigo Banks, etc), but not too much so far  How long to go? The rest of 2023, but looks promising to date, so will the market drop as a result? Story 3 – New housing supply target The government has increased the target to 1.2m homes over 5 years to 2029, and a renewed focus on renter rights Prime Minister has backed away from the rent freeze (reduction in supply) Why is it proposed? Undersupply is looming, and record population growth Will it happen? We have never built over 225k in a year before, so 240k a year for 5 years is a huge ask.  What about the quality? Defects, leaks, structural issues? There will be increased pressure on materials prices and we don’t have enough skilled labour. What does it mean for property? The big push for land release and rezoning. Caveat emptor with new builds. Learn more about your ad choices. Visit megaphone.fm/adchoices

A question that many property owners and sellers want to know - how to deal with real estate agents!Buyer’s Agents Amy Lunardi and Pete Wargent tell you what to look out for, what questions to ask, and how to approach speaking to agentsSometimes it can feel like agents are in a position of power, but we hope this episode can empower you with the knowledge of what to look for and what questions to ask.On this episode of the Australian Property Podcast Who are you dealing with, and how to interact with real estate agents How to make initial contact with agents - how that will differ during different stages of your purchase journey How to negotiate and have conversations when working with an agent  Auctions vs sale by private treaty - how this impacts the way you interact with your agent Do’s and Don’ts when dealing with real estate agents In this episode, we hope to give you insights in order to put yourself in a position where an agent is happy to deal with you, clear with your brief, and ultimately get you into your desired propertyAustralian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Invest With Queenie 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 episode of 2 Sense, where The Australian Property Podcast experts are breaking down some of the week’s most interesting news headlines. This week Buyer’s Agent Pete Wargent is joined by Rask founder, Owen, and are discussing the rental shortage in Melbourne, recent upgrades in price forecasts, and what the greatest intergenerational wealth transfer means for the property market.On this episode of the Australian Property Podcast:Melbourne’s rental shortage to worsen? Melbourne's vacancy rate is now 0.8%, down from 1.7% a year ago, and rents rose 12.6% from a year ago What does it mean for property owners and tenants? Expanded land tax for landlords is due to come in for landlords from 1 January 2024 3 Talk of rent controls. Are some landlords exiting early or investing elsewhere? What does it mean for property? What should listeners consider doing, if anything? Westpac updates dwelling price forecasts Westpac has upgraded price predictions with Sydney to rise 20% from 2023 to 2025, Melbourne up 9%, Brisbane up 13%, and Perth 20% What does it mean? What are some of the reasons behind this? Low stock listings, high population growth, undersupply expected, and interest rates about to peak. Sydney Shortage Over the weekend, The SMH reported how Sydney faces a shortfall of at least 134,000 dwellings over the next five years amid the Albanese Government’s record immigration program Core Logic Data shows that Sydney house prices continued to climb in July, rising by one percent to an even more unaffordable, despite the Reserve Bank’s 12 interest rate rises since May 2022. What could this mean over the long term? Intergenerational wealth transfer A recent study by research house McCrindle estimates this generation will inherit the colossal figure of $3.5 trillion from their parents over the next 20 years. What we think this means for property Early inheritance on the cards for some Gen X’ers, Parents helping kids onto the ladder Estate planning Implications for the FIRE community etc Australian Property Podcast resources: Westpac forecasts AFR - great wealth transfer How to help your kids onto the housing ladder – Stuart Wemyss Die with Zero - Getting All You Can from Your Money and Your Life Australian Property Podcast online - videos, notes & resources Invest With Queenie 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

On this episode of the Australian Property Podcast, we are joined by a very special guest, Queenie Tan. Queenie is one of Australia’s most loved content creators. You might have seen or heard her on The Australian Finance Podcast, in our Rask Education courses, or on her own social media where she shares her tips and tricks to help your money go further.Queenie is joined by Rask founder Owen and Buyer's Agent Amy Lunardi as they discuss her property journey so far and her future goals.On this episode of The Australian Property Podcast: How Queenie bought her first property Why she bought her property What she looked for when choosing a property i.e. location, amenities, transport How you can build your property goals and your property why Renovating your property, cost, DIY, shopping around for professionals Rentvesting 101 Considerations on how much you want to spend Borrowing when you are self-employed What are Queenie's next property goals and aligning those goals with personal goals? How working with property professionals can help you understand your property options Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Invest With Queenie 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 2 Sense on The Australian Property Podcast, where we look at the latest property news and headlines and give you a breakdown of what this means for your property.This week Buyer’s Agent, Pete Wargent and Mortgage Broker, Chris Bates are covering how easing inflation levels may affect interest rate hikes, what is happening to foreign investment in Australian property and taking a look at overseas markets.On this episode:Easing inflation for Q2 The inflation level fell 0.8% for Q2, we take a look at some of the factors that contributed to this number Bond markets betting on potentially no further hikes (and possible rate cuts next year) What are some of the inflation risks that still exist? Rents, energy, oil prices, insurance, other services etc What these new figures are doing for property sentiment Chinese developers exiting the Australian market With more insolvencies this month and apartment projects in limbo, we take a look at why developers are finding it more difficult to make a profit in today’s market What this might mean for supply shortages What is happening with demand from foreign buyers?  Canada property booming, despite higher rates What’s happening? What are some of the driving factors? Strong demographics, with record population growth What do we take from this and the implications for Australia?  Understanding supply/demand imbalance Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources AFR Inflation AFR Foreign Investment 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