Australian Property Podcast

On this episode of the Australian Property Podcast, Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates are answering some of your property questions.The guys are covering everything from holding, selling, or renovating your property, types of home loans, how to work with property experts and how to find a target rental tenant.On this episode: Renovate, Sell, or Hold?What economic factors are impacting the housing market and how to make decisions regarding your assetsTypes of loans - fixed vs variable What is better during the long term with rising rates? Can you make changes to your loan? what are the implications? How to offset accounts work? Working with mortgage brokers What are the types of brokers you can work with and what to look for when deciding to work with a professional Preapproval 101 Finding a target rental tenant What sort of research you should be doing How to profile and suburb or an area Off-market opportunities Is it worth hiring a buyer's agent and what to consider when you're staying within a budget Benefits of using a buyer's agent and what they can really offer How to determine what a 'good asset' isEstablished/new, location, scarcity, demographics, turnoverHEMs on your home loan applicationWhat are banks looking for to ensure you can afford your loanAustralian 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

Every Sunday morning the Australian Property Podcast gang breaks down the biggest news stories of the week. Mortgage Broker, Chris Bates and Buyer's Agent, Pete Wargent are talking about inflation, housing supply, mortgage stress & potential rent controls.With inflation figures lower than expected, how do we expect the housing market to shift? Chris and Pete discuss some of the latest research and what they are seeing in the market.On this episode of the Australian Property Podcast:Jarden Research shows that new listings are above average, and more listings are coming to market in Sydney. Could this be a start of a wider trend? Refinancing numbers - increasing numbers of people unable to refinance, will this mean more investors sell off their properties? The report highlighted the low levels of listings over the past year, however, there has been an unseasonable jump in listings over the last month - is there a shift in market sentiment? Where are these new listings? Mortgage stress & arrearsBoth personal and house loan arrears are rising across all the data sets, we take a look into where the stress is emerging over the country.Victoria rent controls What this could mean for your property & housing supply How do rent controls work? What restrictions and or taxes could we see to come in on Airbnbs? Australian Property Podcast resources: The Australian Mortgage Arrears Data Victorian Rental Policy 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

On this episode of the Australian Property Podcast, Buyers Agent Amy Lunardi and Rask founder Owen Rask are joined by Rebeka Morgan from Buildher Collective. BuildHer Collective helps women build and renovate their homes through her community. Rebeka used her experience in construction to guide her clients and community to understand that property development is more accessible than it seems. She has helped countless people around Australia, as well as Amy herself!On this episode, we are covering the business Rebeka has built and understand the different options you have if you're looking to renovate or build for profit.On this episode of the Australian Property Podcast: How can ‘regular’ people make money through renovating & building? In what situations have you seen it done well? And not so well? Some of the common mistakes when renovating Misconceptions people have when it comes to developing (small-medium scale) How can you figure out how much a project might cost What kind of profit margins should you be aiming for when considering developing/renovating and why? How people generally finance build costs Some of biggest risks to consider when developing & renovating How do you find reputable people to work with? Builders, architects Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road BuildHer Collective 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, where we cover everything you want to know about the most important news headlines of the week. Buyers Agent, Pete Wargent and Mortgage Broker, Chris Bates will be breaking down what the headlines mean for you as well as answering some of your questions. We'll be covering everything from construction to the new Governor of the RBA as well as how student intakes are affecting the housing shortage.On this week of the Australian Property Podcast: Construction costs finally easing, but where are we building? Construction cost growth is the lowest since 2020, so what is happening with construction levels? Total dwelling commencements rose 14.0% to 46,546 dwellings in the March 2023 quarter Cost pressures from inflation are finally easing Location and prices of property What areas are driving demand and value? How aspects of homes determine property demand and value How infrastructure development is adding value to homes Locations that have a 'village' aspect are adding value to property prices New RBA Governor Michele Bullock has been announced as the new RBA Governor, the first female Governor What we expect to change within the RBA policies Students taking the housing shortage to a new level Record number of international student intake, over 500,000 visas issued for FY2023 How this is impacting the already meaningful housing shortage How this can be beneficial for labour shortages and wage growth pressures Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road McGrath Research Macrobusiness 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

How do you actually get a mortgage? How do you get a loan for a property and what happens on settlement day?Work with Chris: Rask + Blusk mortgage brokingIn this Australian Property Podcast episode, Chris Bates, the founder of Blusk who was recently voted one of NSW's top mortgage brokers; and myself (Owen Rask, founder of The Rask Group), dive deep into every single step of the mortgage broking process.Chris and I cover every step of mortgage broking and how a really good mortgage broker should treat their client (you).If you're new to getting a mortgage, buying a property, or simply thinking about partnering with a good mortgage broker, I think this Australian Property Podcast episode is for you!In short, there are two ways most people get a loan in Australia to buying a property: Go direct to a bank. Use a mortgage broker. This is now the most common option, by far.  Over the past decade, the mortgage broking industry has blossomed because, I think, it helps would-be property owners make a more informed decision when it comes to picking lenders, finding a good rate, understanding the different types of 'products' (offset accounts, redraw, fixed versus variable loans, etc.). However, in my opinion, the distance between good mortgage brokers and bad mortgage brokers is incredible. Unfortunately, picking a good one out of the gate is really tough! In case you're new to The Australian Property Podcast (welcome!) and for disclosure only, Rask & Blusk have a referral partnership in place. You can find all of the details on our mortgage broking page. Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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

Pete Wargent and Chris Bates are back on The Australian Property Podcast 2 Sense and talking about the big Australian property stories and answering your questions this week.In the spotlight this week:Pete's view on US inflation and Chris' view on a potential recession. The unseasonal surge in property listings and what that means Is the rental boom over, or will the rental crisis rear its ugly head again? 1.2 million people are flocking to Canada -- and here's why! Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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

House and land packages are a growing segment in the property market and a popular way for Australians to enter the housing market. However, it can be challenging to understand whether this type of property is right for you and your pretty goals and circumstance. On this episode, Buyer’s Agents Pete Wargent and Amy Lunardi will discuss what you should consider and deep dive into the pros and cons of house and land packages from purchasing your own home to an investment property.On this episode of the Australian Property Podcast:How to define a house and land packageHouse and land packages - your home versus an investmentIf you are buying your home: Pros  Cheaper option  Brand new, more accommodation  Lock in land price now, build later  Less stamp duty Making changes to design/customisation  FHOG  Drawbacks Lifestyle: Amenity, distance from CBD  Finance risk: delays to title, land value goes down, circumstances changing, build cost goes up Unexpected costs  Builder risk Lengthy delays  If you are an investor: Benefits. Why do people invest in properties that aren’t built yet? Depreciation benefits from a new property Easier to rent out May make some capital gain if the land and build cost is less than the final value Drawbacks: Also, less scarcity, less amenity Considerations when thinking about purchasing a house and land package Where to start Location? Fringe greenfield estates? Almost by definition, H&L packages are often in locations which are being developed and where land isn’t scarce. Walkability to amenities, transport, cafes, restaurants etc.? How long will it take?Current rates are up to 24 months. On average 22 months per PropTrack data.  Is the developer reputable? Insolvencies in the construction / developer industry are currently rather high Is it a fixed price? What are the risks of overruns and hidden extras? How will you finance the deal? Is it safer simply to buy an established property? Are there incentives for investing in a new property? Stamp duty exemptions etc. First homebuyer gents etc.  Rules and regulations for building and approvals needed  Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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

Pete Wargent and Chris Bates are back on The Australian Property Podcast 2 Sense and talking about the big Australian property stories this week.In the spotlight this week: Australian real estate agents are quitting. It's last-in, first-out as real estate agents exit the space. Properties for sale in capital cities are down 26% from their five-year average.  The NSW First Home Buyers Assistance Scheme has expanded. "On or after 1 July 2023, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000 and a concessional rate of duty for homes up to $1,000,000." Back to the city! Tree changers from covid are returning to the big smoke as employers require more people in the office. But will it stick?  Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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

How can you add value to your property through renovation? This is a question many Australians are face when purchasing a property, for either personal or investing. Renovations can be a big task so it's important to consider whether the time, money, and effort will align with your property goals. It can be a challenge to know what the market wants and what people like, so this episode will help you understand the best strategy for you!Buyer's agent Amy Lunardi and Rask founder Owen Rask talk through actionable ways for you to understand how to add value to your property.On this episode of the Australian Property Podcast: Amy and Owen's personal experiences renovating Renovation goals: What are you trying to achieve? Is your renovation for personal or financial benefits? Ways to add value: Cosmetic Paint, flooring, curtains/blinds, light fittings, landscaping, benchtop Changing floorplan Extending up or out Things that do not necessarily add value Insulation Solar panels Irrigation Better appliances Ways to save money Labour Materials Sprucing up for sale Focus on the feeling of a property Cosmetic and comfort Consider the demographics Speak to local agents Extra considerations Avoiding replacing something you’ve already paid for (eg buying a property with a modern kitchen then replacing it) If doing major works, ideally increasing the accommodation or size Overcapitalising Consider the true costs – holding costs, opportunity cost, your time Sometimes can open a can of worms once you start Australian Property Podcast resources: Amy's 100-point checklist (PDF) Amy’s new property course Rask Invest – invest with Owen Mortgage Broking Financial Planning Property Coaching Business Coaching Accounting with Grey Space Ask a question Rask Core  – DIY investing Owen’s FREE investor bootcamp 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

Pete Wargent and Chris Bates are back on The Australian Property Podcast 2 Sense and talking about the big Australian property stories this week.Economist and Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates discuss these three property stories: Domain's Australian. property price forecasts Monthly inflation figures and the impacts of higher interest rates on housing Record mortgage repayments Story links: http://petewargent.blogspot.com/2023/06/domain-forecasts-new-highs-in-these.html & https://www.afr.com/policy/economy/building-pipeline-in-wealthy-suburbs-hits-rock-bottom-20230613-p5dg43 http://petewargent.blogspot.com/2023/06/aussie-inflation-plunges.html https://www.macrobusiness.com.au/2023/06/retailers-brace-for-brutal-recession/ Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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