The Elephant In The Room Property Podcast | Inside Australian Real Estate

Is your empty room a solution to Australia’s rental crisis? Currently, Australia faces the challenge of a staggering 13.5 million spare bedrooms lying unused. Today, we delve deep into the exploration of whether these neglected spaces could hold the key to alleviating the country's housing crisis. Joining us is Ludwina Dautovic, the visionary behind The Room Xchange, a groundbreaking house-sharing platform. She's here to shed light on the potential impact of harnessing these overlooked resources and how it might reshape the housing landscape. Are we on the cusp of not only witnessing a resurgence in shared housing but an entirely new demographic embracing this alternative lifestyle? It's important to consider, however, that as this idea gains traction, so does a wave of concerns. Is inviting a stranger into your home a risk worth taking? Join us for a thought-provoking discussion that delves into whether your vacant room could emerge as the unexpected solution to Australia's rental crisis. Episode Highlights: 00:00 - Introduction 01:20 - Who is Ludwina Dautovic? 04:45 - Have there been notable shifts in housing preferences since the pandemic started? 07:46 - How does the rental offset option provide a unique solution? 12:18 - Should the government look at changing tax laws around house sharing? 15:12 - Is renting out rooms seen as a real solution to the housing problem? 18:18 - What are the odds of successful house sharing for someone in their 40s or 50s? 24:00 - House sharing is now considered the third option in real estate 28:01 - Are financial considerations impacting the decision to maintain a dedicated home office? 30:02 - What legal agreements exist to protect both homeowner and house sharer? 33:39 - What is the most common bone of contention in house sharing arrangements? 37:31 - How do changes in interest rates affect inquiries on your house sharing platform? 42:49 - What could be the biggest challenge for homeowners considering house sharing? 47:52 - Ludwina Dautovic’s property dumbo About Our Guest: Ludwina Dautovic is the CEO and Founder of The Room Xchange, Australia's first and only verified house-sharing platform. There are over 13.5m unused spare bedrooms in 10m homes across Australia. It's existing housing stock, that if accessed, could help ease our housing crisis. The Room Xchange provides Digital ID verification, profile matching and rental options so homeowners feel confident in the house-sharing process. With continual interest rate hikes and inflation on the rise, a spare room can yield $10K + a year. It can help relieve mortgage stress and provide affordable rental options for those priced out of the rental market.  Connect with Ludwina Dautovic: Connect with Ludwina on LinkedIn: https://www.linkedin.com/in/ludwinadautovic/ Visit their website: https://www.theroomxchange.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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

In today's episode, we're turning the spotlight on you as we answer some burning questions that have been flooding our inbox. We'll cover everything from smart ways to buy a house before it goes up for auction, to understanding how inflation affects the value of your property. We'll also talk about when it's okay to take a breather from thinking about investing, and even ponder whether homes in Melbourne will ever hit a whopping $45 million mark. If you're on a tight budget but dreaming of property ownership, we've got practical tips for you as well. From creative financing options to alternative paths to property investment, we're here to show you that your financial situation doesn't have to be a roadblock. So buckle up and get ready for a podcast packed with useful tips, expert advice, and some food for thought. Tune in and boost your property game! Episode Highlights: 00:00 - Introduction 01:07 - Can a buyer's agent persuade a seller to avoid auctioning their property? 12:10 - The gap between media-reported price growth and the flat market reality with inflation 17:34 - The most advisable or practical approach for homeowners after acquiring their home? 23:22 - Is there a point where projected property growth becomes absurd or impractical? 31:34 - Strategies for low income Aussies to invest in property amid financial constraints 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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

Ever wondered how the ground beneath your strata property might be shifting? What if we told you there are new laws on the horizon in New South Wales that could reshape the foundation of strata living? In this episode, we’re joined by Amanda Farmer—host of Your Strata Property, and owner of Lawyers Chambers, to help us unpack significant developments that's sending ripples through the strata property landscape in New South Wales. If you own a unit, townhouse, or villa in the region, these changes might have a direct impact on you. But here's the kicker—as we explore the implications for strata owners in NSW, a crucial question is raised: Is this a blueprint that multi-dwelling owners in other states and territories should also be studying closely? Join us as we break down the complexities of these upcoming strata laws and explore whether they could be a game-changer not just for residents in NSW, but for strata owners nationwide. Episode Highlights: 00:00 - Introduction 00:57 - Who is Amanda Farmer? 02:04 - What's the latest buzz surrounding strata properties and what's unfolding next? 03:56 - Is there a typical legislative process for implementing new laws in strata? 06:11 - Upcoming laws that address the challenges of pet ownership in strata communities 09:04 - What is a strata levy that is struck and why you need to pay in just 14 days 11:48 - How accurate are the headlines about individuals struggling with levy payments? 14:19 - Are unexpected strata costs affecting potential clients' budget for property purchase? 18:16 - In what way does the insurance industry exacerbate problems faced by strata? 22:42 - What are the upcoming laws regarding notice periods for strata meetings? 26:32 - Why is there a growing emphasis on maintaining electronic records in strata property? 29:54 - Veronica mentions the new strata commissioner and asks about his mandate 32:53 - How does new legislation simplify the removal process of strata committee members? 38:05 - Is there a perceived rental crisis linked to recent legislative shifts favoring tenants? 42:05 - Strategies for bridging the expertise gap in strata management 46:12 - Why buyers are advised to conduct their own building inspections in strata purchases 51:30 - Amanda Farmer’s property dumbo About Our Guest: Amanda Farmer is a lawyer and the owner of Lawyers Chambers, a strata-focussed legal practice in Sydney. She is also the host of the long-running podcast Your Strata Property, the world’s only podcast dedicated to explaining the legal complexities of strata-titled properties. With over 20 years' experience in the strata legal sector, Amanda is both a Fellow and Council Member of the Australian College of Strata Lawyers, and she is also the founder of Women in Strata, a networking group for women working in strata management. An increasingly in-demand speaker and educator, Amanda has been educating strata managers, apartment owners and residents for many years, through round table workshops, webinars, seminars and keynote presentations. Connect with Amanda Farmer: LinkedIn: https://www.linkedin.com/in/amandafarmerlaw/ Facebook: https://www.facebook.com/yourstrataproperty/ Instagram: https://www.instagram.com/yourstrataproperty/ Visit their website: https://yourstrataproperty.com.au/ Lawyers Chambers on LinkedIn: https://www.linkedin.com/company/lawyers-chambers-on-riley-pty-ltd Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode 304: Strata Properties: What’s Changing and Why? https://www.theelephantintheroom.com.au/podcasts/304 Your Strata Property Episode 370: Affordability, availability and competition in strata insurance – with John Trowbridge https://yourstrataproperty.com.au/370-affordability-availability-and-competition-in-strata-insurance-with-john-trowbridge/ 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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

Buying a home can get tricky and expensive, especially when you have to pay a bunch of money for inspections before sealing the deal. Some even end up skipping these checks because the bills add up fast, especially if they keep losing out on bidding wars. In this episode, we're digging into two options: seller-paid inspection reports or splitting the cost among potential buyers. But here's the big question: Can you really trust the reports if the seller is the one paying for them? Are there hidden issues, or is everything on the up-and-up? To guide us in exploring these questions, we sit down with Rhys Rogers, the co-founder and CEO of Before You Bid, a groundbreaking property technology firm at the forefront of transforming the pre-purchase inspection landscape. In a world where technology is shaking things up, prop-tech companies are jumping in to make life easier for homebuyers. One such solution is the advent of marketplaces for pre-purchase inspections. Can these platforms offer a more accessible and affordable option for buyers? Join us as we break down the nitty-gritty of relying on seller-paid reports, exploring the good stuff, the challenges, and how technology is shaping the way we buy homes. Episode Highlights: 00:00 - Introduction 01:24 - Who is Rhys Rogers? 02:11 - What sparked Rhys’s idea for a property-related service or product? 04:36 - Discussing the pros and cons of the concept of a shared economy 06:13 - Challenges in ensuring consistency and reliability among inspectors in the marketplace 09:38 - How do vendors decide whether to make inspection reports public on the platform? 12:45 - What’s the process of selecting building and pest inspectors for bank valuations? 18:20 - Managing conflicts of interest between building inspectors and real estate agents 22:08 - Suggestions for improving the seller-paid inspection system to avoid bias 27:15 - What ensures inspectors' accountability for rule violations or inaccurate reports? 30:10 - What are the Australian standards for a building and pest inspection? 32:52 - Current regulations and standards for strata record-keeping across Australian states 37:16 - Rhys's potential expansion into a real estate marketplace 38:33 - How can buyers leverage building and pest report data for property evaluation? 41:20 - Rhys Rogers’ property dumbo 47:46 - How prevalent is the practice of getting a second inspection to verify initial findings 53:18 - Veronica’s advice for buyers when it comes to relying on seller-paid reports About Our Guest: Rhys Rogers is the co-founder and CEO of property technology Before You Bid. Rhys started out his professional career as an insolvency accountant, before delving into creating a start up in the property space. Since launching 8 years ago, Before You Bid has grown to be the largest marketplace for building and pest and strata inspectors. The platform now helps over 100,000 people buy and sell property every year and aims to be the Home of Property Compliance and Due Diligence. Connect with Rhys Rogers: Connect with Rhys on LinkedIn: https://www.linkedin.com/in/rhys-rogers-b7772038 Visit their website: https://www.beforeyoubid.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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

In the face of a nationwide rental crisis characterised by soaring rents, historically low vacancy rates, and a surge in immigration, one might expect investors to be flocking to the real estate arena. However, the reality is starkly different. Investors are hitting the sell button, prompting us to ask the crucial question—why? Today, we're privileged to have Nicola McDougall — chair of PIPA, join us in dissecting the intricacies of this market upheaval. Nicola brings her wealth of expertise to help us dissect the intricacies of the current real estate landscape. Together, we explore the reasons behind the increasing number of investment properties hitting the market when conventional wisdom suggests the opposite. Tune in and join the conversation as we explore the forces shaping Australia's property landscape and seek to understand why, in the midst of apparent opportunity, investors are choosing to take a different path. Episode Highlights: 00:00 - Introduction 01:03 - Who is Nicola McDougall? 01:53 - What's the methodology behind the PIPA investor sentiment survey? 07:09 - What constitutes the national rental pool in terms of property numbers? 12:51 - Is the government a key factor in shaping investor attitudes currently? 15:44 - Some primary motivations for investors selling properties in Australia 23:14 - Understanding factors behind tenancy reform and investor divide 25:33 - Anticipating the impact of regulations and borrowing costs on investor trends 31:27 - What broader issues are indicated by the housing shortage beyond just the rental crisis? 36:16 - The effect of the COVID-19 pandemic on property investors and their market presence 39:54 - Why the expected impact of increased interest rates hasn't played out in Sydney 44:00 - Is the government fully aware of the property market's long-term investment issues? 49:38 - How investors can navigate the tightening credit environment 51:28 - Nicola McDougall’s property dumbo About Our Guest: Nicola McDougall has served as the Chair of PIPA (Property Investment Professionals of Australia) since early 2022, bringing to the role her expertise as an award-winning property and finance journalist, author, and successful property investor. As the Director of Bricks & Mortar Media, she has co-authored notable works such as "The Female Investor: Creating Wealth, Security & Freedom Through Property," which secured the personal finance and investment category award at the 2022 Australian Business Book of the Year. Additionally, Nicola has contributed to the 3rd edition of "Property Investing For Dummies" and authored the 1st editions of "Buying a Property for Dummies" and "Property Investing Essentials for Dummies," all published in 2023 by Wiley. With a background as the former editor of Australian Property Investor magazine and head of corporate affairs at the REIQ, Nicola has been a dedicated PIPA board director since 2014. Connect with Nicola McDougall: Nicola’s LinkedIn profile https://www.linkedin.com/in/nicola-k-mcdougall/ 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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

Over the past year, interest rates have surged at an unprecedented pace, leaving borrowers who once enjoyed the luxury of sub-2% rates now grappling with interest rates hovering around 6% for their mortgages. The impact is so noticeable, it's creating immense pressure on existing borrowers and significantly curtailing the borrowing capacity of newcomers. The question that emerges is, "how is the lending market surviving in the face of such adversity?" One might expect a flood of distressed property sales and a sharp decline in property prices and yet surprisingly, that's not the case. Distressed sales are somewhat scarce, and property prices, in some markets, continue to rise, which then raises a fundamental query: "what's keeping the lending market afloat?" In this episode, we're joined by Daniel Gold of Long Property to uncover the intricate dynamics at play in the lending market. We explore the factors contributing to borrowers' resilience in managing higher repayments and the ability of many to still access finance. The lending market, as it turns out, is a complex ecosystem with numerous layers, and we're here to help you unravel it. So, let's get started! Episode Highlights: 00:00 - Introduction 01:28 - Who is Daniel Gold? 02:15 - How resilient has the property market been since 2022? 03:17 - How are people still managing to access the money required for property purchases? 05:27 - Is there a notable shift in intergenerational wealth transfer? 08:41 - Are second-tier lenders benefiting from interest rate trends? 10:49 - How are different types of clients coping with higher interest rates? 12:46 - Differences in responsibilities and regulations between banks and other types of lenders 18:58 - What's the impact of the new 1% buffer policy on refinancing? 28:19 - Potential challenges of younger borrowers investing in the Sydney property market 33:46 - What’s the impact of the rental crisis on investors? 37:58 - How effective are housing reforms in addressing supply issues? 43:12 - How are clients responding to recent changes in the holiday home market? 50:50 - Are people upgrading their properties more frequently? 52:37 - What are the reasons behind the market's willingness to invest? 54:09 - The complexities of buying and selling real estate in a competitive market 55:47 - Daniel Gold’s property dumbo About Our Guest: Daniel Gold runs the business Long Property and he’s one of the top mortgage brokers in Melbourne. He has been selected as a finalist for best residential broker and broker of the year at the main industry awards for the past 3 years in a row. He specialises in providing a high-end service predominantly to professionals and self employed clients. Connect with Daniel Gold: Check out Daniel Gold’s blog here: https://longproperty.com.au/doing-well-in-real-estate-lessons-from-our-top-clients/ Connect with Daniel on LinkedIn: https://www.linkedin.com/in/danlgold/ Visit their website: https://longproperty.com.au/ Check out Daniel Gold’s book: https://www.amazon.com/Long-Property-Daniel-Gold/dp/064829952X 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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

Rising property inventory can introduce several risks for property investors. An increase in available properties can lead to market saturation, as supply outpaces demand. This oversaturation can drive down property prices and rental rates, potentially impacting the profitability of real estate investments. In today's episode, our resident data geek, Kent Lardner discusses a significant trend he has noticed in the Australian property market which is all about the rising number of available properties and what it could mean for investors. While it seems like things are getting back to normal, there's a catch you will probably need to look out for. Throughout the episode, we dive into the specific areas in Australia where this rising property inventory trend could create problems for investors. Stay informed about local market conditions so you can navigate the risks and make the right investment decisions, press that play button and let's get started. Episode Highlights: 00:00 - Introduction 01:02 - How Kent tackled the inventory level challenge 02:36 - What's the relationship between property inventory, supply, and demand? 06:58 - Real estate market trends and hotspots 11:19 - Real estate market trends and price falls in Australia 14:28 - Housing market trends and COVID-19 impact 19:01 - Housing affordability in Australia 23:16 - Housing market trends and overheating in regional areas 29:44 - Housing market impact of Airbnb short-term rentals 31:04 - Real estate market trends and inventory levels 36:39 - Real estate motivations and market trends 39:57 - Housing market trends and downsizing 42:41 - Real estate market trends and pricing 45:14 - Real estate market trends and inventory in Australia 48:34 - Real estate market trends and metrics 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 - questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

The debate over strata properties has been ongoing in real estate, with enthusiasts and skeptics locked in a perpetual tug-of-war. The cons, such as mandatory strata levies and the perception of lower capital growth compared to standalone houses, have often taken center stage. However, in the world of strata living, there is a tapestry of complexities that often goes unnoticed, which makes it far more than just  a black-and-white investment decision. In this episode, we are joined by Karen Stiles, Executive Director of the Owners Corporation Network, and we dive headfirst into the fascinating world of strata properties, shedding light on the dynamic changes occurring in the strata landscape. We challenge the common belief that "all units make bad investments" and uncover the nuanced reasons behind this dichotomy. While there are indeed risks and responsibilities, there's a hidden treasure trove of benefits that many overlook when considering strata living or investment. But here's the twist: strata living isn't for everyone. It requires a certain temperament to thrive in a cooperative space. And as we dive deep into the challenges, and changing dynamics in the world of strata, may these insights help you make informed decisions about this intriguing facet of real estate. Episode Highlights: 00:00 - Introduction 01:25 - Who is Karen Stiles? 02:26 - Building commission changes in NSW and its impact on property owners 08:02 - Complexities, challenges, and risks in strata property insurance 13:21 - Can the strata commissioner contribute to improved strata property management? 14:48 - Specific challenges associated with the changing strata property landscape 19:01 - Solutions or strategies to address the hurdles in getting strata remedial work done 23:45 - What is the current status of "Project Remediate" in New South Wales? 28:09 - Is there a shift from investor-owned to owner-occupied properties? 31:03 - Housing shortages and Airbnb in Sydney 36:01 - Property management regulations in Australia 39:59 - Sustainability and energy issues in Australian apartment buildings 43:07 - Strata living challenges and education 46:01 - What's the most important change you'd like to see in the strata space? 49:05 - Karen Stiles’ property dumbo About Our Guest: Karen Stiles is Executive Director of the Owners Corporation Network, the independent voice of strata owners. In her 11 years with OCN, she has heard the gamut of good and bad news stories relating to what she refers to as strata births, deaths and marriages aka 1st Annual General Meetings, living cooperatively, and collective sale. Karen’s experience on strata committees began with her first apartment in 1984, and includes everyone’s worst nightmare: overseeing a large defects claim after an off the plan purchase. Today she is Chair and Secretary of an older, medium sized strata scheme which has undertaken foyer, lift and fire safety upgrades. Connect with Karen Stiles: Connect with Karen Stiles on LinkedIn: https://www.linkedin.com/in/karen-stiles-30b18a16/ Visit their company’s website: https://ocn.org.au/ Resources mentioned in this episode:  How bad can things go with buying strata property | Episode 68 https://www.theelephantintheroom.com.au/podcasts/068 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 - questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

Unlike several other Australian states, Queensland allows vendors and their agents to maintain a significant level of confidentiality by imposing minimal property disclosure requirements. Moreover, it stands as the sole place where buyers can readily forego their cooling-off rights, a fact that frequently takes investors from southern states by surprise, emphasising the need for expert guidance. But the surprises don't stop there! Queensland holds the distinction of being the most lenient state for acquiring a class 1 real estate license, enabling even those with little experience to establish themselves as buyers' agents. And this is just a small part of the narrative that paints a picture of Queensland's real estate market as the wild west of property investment. So, what exactly is happening in this tropical paradise? In this episode, we shine the spotlight on Queensland — also known as the Sunshine state, and its distinctive landscape, which may astonish you. We are joined by a special guest, Antonia Mercorella, the CEO of the Real Estate Institute of Queensland, to delve into the intricacies and peculiarities that set Queensland's real estate market apart from the rest of the country. Tune in to gain valuable insights and understand the intricacies of Queensland's real estate landscape! Episode Highlights: 00:00 - Introduction 01:35 - Who is Antonia Mercorella? 04:29 - Property disclosure laws in Queensland, Australia 09:57 - Are real estate professionals in Queensland prepared for legislative changes? 13:02 - The quirks of Queensland’s real estate pricing rules 14:53 - What's the logic behind Queensland's approach to real estate investments 19:47 - How Antonia handles representing an industry with a poor reputation 27:13 - What's the REIQ's position on aligning licensing standards? 34:10 - Real estate agent education and licensing requirements 37:25 - Elevating education and training for Queensland's real estate practitioners 45:54 - Strata living and management rights in Queensland 50:36 - Can strata management change to better serve property owners? 54:05 - Antonia Mercorella’s property dumbo About Our Guest: Antonia Mercorella is the powerhouse CEO of Real Estate Institute of Queensland (“REIQ”).  She is a lawyer by profession and for the last 2 decades, she’s headed up legal counsel for the industry’s peak bodies in South Australia and later in Queensland, where she’s also served as CEO for the last nine years. As the REIQ’s first female CEO, and its youngest at appointment date, Antonia has transformed the 105-year-old Institute into one of most progressive and high-profile industry associations in Australia. Antonia has led and shaped some of the most significant real estate legislative reforms across multiple jurisdictions. Her ability to lead and develop advocacy programs has drawn national and international attention. Antonia holds a Bachelor of Laws with Honours and a Bachelor of Educational Theatre. Connect with Antonia Mercorella: Follow Antonia on LinkedIn: https://www.linkedin.com/in/antonia-mercorella-8b516a43 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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.

"How can you protect your real estate assets in this ever-changing market?" Property investment can be quite a rollercoaster ride, and CoreLogic's quarterly Pain & Gain Report serves as a stark reminder of that fact. In each report, we witness a substantial segment of Australian property vendors navigating the volatile waters of real estate, sometimes ending up with losses. Our mission today is to uncover what makes certain property investments riskier than others and to pinpoint the riskiest locations for real estate ventures with the help of the author of the Pain & Gain Report herself — Eliza Owen. Join us as we take a closer look at the factors that make certain property investments riskier than others and identify the types of properties that pose the highest risk. Together, let's analyse these statistics and decode the trends so you can chart your course towards successful property investments. Tune in! Episode Highlights: 00:00 - Introduction 01:14 - Who is Eliza Owen? 01:48 - Discussing the new section about short-term sales & the impact of high interest rates 08:03 - Clarifying the methodology behind analysing loss-making property sales 13:33 - Real estate market trends and losses in Australia 18:44 - Housing market trends and loss-making sales in Australia 21:22 - Spotting the winners and losers in real estate investments 28:19 - Property market performance in Australia 35:50 - Real estate market trends and forecasts 41:31 - Intergenerational wealth transfer in the Australian property market 46:31 - Housing market challenges and potential solutions 52:26 - What's wrong with the property system, and what's changing? 55:49 - A few short-term solutions to the housing crisis 56:36 - Housing affordability and government policies 58:43 - Eliza Owen’s property dumbo About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/ Visit their website: https://www.corelogic.com.au/ Resources: Download CoreLogic’s most recent Pain & Gain Report https://www.corelogic.com.au/news-research/reports/pain-gain 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 questions@theelephantintheroom.com.au 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: hello@blusk.au 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=26cde394fa854765 See omnystudio.com/listener for privacy information.