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

As the real estate market continues to evolve, prospective investors are facing new challenges that demand attention and strategic planning. And resident data geek, Kent Lardner is back to provide valuable insights into the factors contributing to the rising unaffordability and explore potential solutions to mitigate its impact. In this insightful June 2023 Suburb Trends report, we delve deep into the essential information that property investors must be aware of when considering investment opportunities across the country. Throughout this episode, we discuss the impact of fluctuating housing prices, inflation rates, and other economic indicators on property affordability. We also talk about the pivotal role that government policies and regulations play when it comes to shaping the investment landscape, and how investors can adapt their strategies to navigate these changes. Join us as we bring you the most up-to-date data, expert advice, and actionable insights to help you make informed property investment decisions. Tune in and arm yourself with the knowledge you need to navigate the complexities of the current investment landscape and achieve your financial goals. Episode Highlights: 00:00 - Introduction 01:21 - What economic metrics tells us about the effects of AI on jobs and housing 03:41 - What are the specific areas where property is becoming too expensive to rent or buy? 08:22 - Why it’s hard to measure income growth in a suburb 11:02 - Early signs of a rental crisis in the country 14:07 - The potential risks of AI on jobs and housing affordability 19:57 - What factors are currently affecting housing supply and demand? 24:11 - Which housing markets will be most affected by AI's impact on jobs? 31:57 - What’s happening in the property market in Sydney? 34:56 - Assessing affordability risks in different suburbs 40:12 - The impacts of a falling market on the rental market 45:29 - Discussing two different approaches when entering the property market 48:39 - The impact of AI on the real estate market 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: Suburbtrends https://suburbtrends.com/ Resources mentioned in the episode: Stepping Stone Strategy Tutorial Workshop: https://homebuyeracademy.com.au/ssw 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 we strike a balance between accommodating a growing population in our cities and maintaining a high standard of livability? What are the key factors that need to change in our urban planning strategies to ensure cities remain livable as the demand for housing increases? Join us as we delve into the pressing challenges of urban living and explore the concept of YIMBY-ism (Yes In My Backyard) as a solution. Our guest, Eamon Waterford, CEO of the Committee for Sydney, joins us to share his expertise and insights into the future of cities through a Sydney lens. Eamon's journey began by working closely with individuals facing long-term homelessness in Penrith and Blacktown. Through this firsthand experience, he gained a deep understanding of the challenges they face and the urgent need for innovative solutions. Today's episode explores the pressing issue of housing shortages and increasing homelessness that plague cities not only in Australia but all around the world. With a chronic shortage of dwellings, we must reimagine our cities to ensure that everyone has access to safe, affordable housing. We discuss the role of YIMBY-ism, a movement that advocates for the creation of new housing and urban development in existing neighbourhoods. We also touch upon the parallels between the urgency of the housing crisis and the looming climate crisis. As we grapple with these immense challenges, we explore strategies for garnering broader public support and mobilising action. Join us as we navigate the complexities of urban living, envision a future where cities are livable for all, and learn how YIMBY-ism can play a pivotal role in shaping our urban landscapes. Episode Highlights: 00:00 - Introduction 01:18 - Who is Eamon Waterford? 02:54 - What is the committee of Sydney and their role in the community? 05:47 - Achieving equitable urban development: Avoiding zero-sum outcomes 10:20 - What’s the current status of attraction for talent in Australia? 12:51 - The issue about losing reputation and its importance in attracting talent 14:53 - How to address the housing crisis in Sydney 17:29 - Solutions for turning from NIMBY-ism to YIMBY-ism 27:37 - Exploring the impact of zoning changes on housing stock and city development 32:25 - Eamon’s thoughts on the work from home movement 36:49 - What other critical issues should Sydney prioritise alongside housing? 41:21 - Finding solutions that balance the distribution of buildings and living areas 44:25 - What will it take to get positive action from the government to solve the housing crisis? 48:36 - Can the government ALONE solve the housing crisis? 53:19 - Eamon Waterford’s property dumbo About Our Guest: Eamon Waterford is currently the CEO of the Committee for Sydney, leading a career focused on addressing social and urban issues. He has worked closely with the homeless community, conducted the first Homelessness Street Count, and held positions as Chief Strategy Officer and Deputy CEO at various organisations. Eamon has delivered influential reports on urban density, benchmarking, and safety. He also actively engages in Sydney's cultural and social landscape, serving on boards of organisations like Monkey Baa Theatre Company and the NSW Council of Social Services. Connect with Eamon Waterford: Follow Eamon on LinkedIn: https://www.linkedin.com/in/eamon-waterford/ Visit their website: https://sydney.org.au/about/eamon-waterford/ 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.

Is the notion of needing a buyer's agent a myth in the world of property investment? Can self-education and a DIY approach truly replace the need for them in the competitive world of real estate? What if the secret to property success lies in empowering oneself rather than relying on external professionals? Join us as we challenge the established norms and dive into a thought-provoking episode with PK Gupta, a renowned expert who firmly believes that anyone can excel in real estate without the help of a buyer's agent. However, PK's controversial stance raises eyebrows and sparks curiosity as he unveils what he claims to be the secret to property success. With PK's background in financial markets and being the creator of a popular YouTube channel and property investment course, he challenges the conventional belief that buyers agents are essential. In this episode, we also delve into the analysis of some case studies to uncover the strategies, decision-making processes, and outcomes that have contributed to PK's success. Whether you're an experienced investor seeking fresh perspectives or a novice contemplating your first steps into real estate, this episode promises to ignite conversations, provoke contemplation, and potentially reshape your approach to property success. Tune in for a conversation where we unravel the mysteries of property investment success and explore whether PK Gupta's bold belief that anyone can thrive in real estate without a buyer's agent holds the key to unlocking your full potential in the world of property investment. Episode Highlights: 00:00 - Welcome 04:47 - PK’s opinion on the role of buyer’s agents in the real estate industry 06:00 - The three C’s that a good buyer’s agent needs to possess 09:07 - Is there value in the relationship between a buyer's agent and a buyer? 13:48 - Are buyer's agents overhyped in Australian real estate? 17:27 - Can anyone just buy property anywhere in Australia from home? 23:05 - Is holding properties the key to unlocking long-term success in real estate? 27:44 - Should property investors prioritise quantity or quality? 36:37 - The best way to measure income growth in the property market 40:46 - What’s the problem with the current market in Brisbane? 42:37 - The misconceptions and biases surrounding property investment decisions 46:19 - Should investors rely solely on property managers for due diligence? 53:14 - Why property managers are dangerous to deal with 57:44 - The difference between property managers and buyer’s agents 1:02:16 - The importance of education in real estate investing 1:05:16 - Why you need to be careful where you choose to invest in 1:13:29 - Is it essential to look at the whole market when choosing property About Our Guest: PK Gupta, a former Investment Banker at JPMorgan specialising in stock research and trading, discovered a gap in the property investing industry. Unsatisfied with traditional seminars and generic strategies, PK aimed to uncover the true drivers of capital growth and high cash flow in Australian real estate. Over the past 5+ years, he has shared his expertise, assisting numerous individuals on their passive income journey. Motivated by the desire for independence and flexibility, PK and his partner (now wife) chose to pursue property investing, aiming to break free from the 9-5 grind and create a life of freedom and fulfillment. Connect with PK Gupta: Follow PK on LinkedIn: https://www.linkedin.com/in/pk-gupta-property Follow PK on Facebook: https://www.facebook.com/PropertyHonestly/ Visit PK’s website: https://consultingbypk.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 soaring property prices and an ongoing housing crisis, the conversation around property affordability has expanded beyond first home buyers and now encompasses the rental sphere. Despite interest rates on the rise, property prices continue to climb, leaving many wondering how long this upward trend will persist. The root of the issue lies in the scarcity of supply, with listings at an all-time low and little indication of improvement. While supply on the rental side poses an even greater challenge, requiring years of rectification and substantial investment, the consequences for dual income families struggling to secure housing are dire. It seems that the housing crises have outgrown the capacity of governments to handle alone. Is Australia's property market, which has been deemed "too big to fail," possibly too big to fix? In this thought-provoking episode, we delve into a discussion with Evan Thornley, CEO of LongView, and Jane-Frances Kelly, Head of Strategy & Insights at Longview, who have dedicated considerable time, energy, and resources to understanding the underlying causes of Australia's housing woes. Longview, in collaboration with Pexa, recently released a series of three housing affordability Whitepapers, with the third installment offering potential solutions to the identified housing crises. Tune in as we explore the innovative thinking and fresh perspectives brought forth by Evan Thornley and Jane-Frances Kelly as they shed light on the complexities of Australia's property market and the urgent need for collaborative efforts among all stakeholders, including governments, community housing providers, and the private sector. Join us as we uncover the proposed solutions that could help alleviate the housing challenges faced by individuals and families across the nation. Can a breakthrough be found amidst this housing turmoil? Discover the insights, ideas, and potential solutions that could shape the future of Australia's property landscape. Episode Highlights: 00:00 - Welcome 08:34 - Rhetoric surrounds individual landlords, both pro and con. 13:45 - What are some solutions for the overall market? 20:36 - What lending-level changes would make this model more attractive? 26:04 - How does the $2.1 trillion invested in residential property unlock more investment? 30:00 - Why don't we have existing residential property funds like this? 36:43 - How do you identify properties with high land content and values? 41:18 - Medium rise is the cheapest housing form. 46:55 - What are your thoughts on the power of the labor market? 50:40 - Investors hinder first-time homebuyers' opportunities. 55:57 - What's happening in the home loan space? 1:02:14 - The importance of scalable, effective solutions. About Our Guest: Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape. As Head of Strategy and Insights at LongView, Jane-Frances Kelly leads the data and analytics function, transforming extensive historical property data into actionable insights for clients. With a background at the Boston Consulting Group and experience in public policy work for notable figures including Prime Minister Blair and indigenous leader Noel Pearson, Jane-Frances brings a wealth of expertise. She holds a first-class honours degree in English language and literature from Oxford University, an MBA from Wharton, and a Masters of Public Policy from Princeton University, showcasing her diverse academic accomplishments. Connect with Evan Thornley: Facebook: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL LinkedIn: https://www.linkedin.com/in/evanthornley Connect with Jane-Frances Kelly:  Facebook: https://www.facebook.com/janefranceskelly?mibextid=ZbWKwL  LinkedIn: https://www.linkedin.com/in/jane-frances-kelly-0192b187  Instagram: https://instagram.com/janefranceskelly?igshid=MzRlODBiNWFlZA==  Twitter: https://twitter.com/janefrances?t=WUx-57iSHr4xs5uiRmGK3w&s=07 Resources mentioned in this episode: Whitepaper - Mobilising Private Capital for New Housing Solutions https://longview.com.au/whitepaper-3-mobilising-private-capital-for-new-housing-solutions 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 real estate industry has witnessed remarkable changes in how we search for properties and gather information. However, the actual process of buying and selling has remained largely unchanged. Real estate agents continue to play a gatekeeping role, despite the advancements in digital platforms and portals. Unbeknownst to many, the relationship between sellers, agents, and buyers has been quietly evolving in the digital landscape. Join us today for an insightful episode as we delve into the future of real estate. Over the past few years, buyer preferences have undergone significant transformations while emerging technologies like artificial intelligence (AI) pose the potential for disruption. Our guest, John Foong — Chief Revenue Officer of Domain Group, brings unique insights from his experience at renowned companies like Google and Uber, making this discussion a must-listen. Tune in as we navigate through the complex landscape of real estate, guided by John Foong's unique insights and prepare for an engaging discussion on a topic that promises to reshape the way we buy and sell properties. Episode Highlights: 00:00 - Welcome 06:38 - John Foong aims to become a "local market expert." 08:27 - How is success engagement measured? 12:46 - What's the situation with agents in the US? 17:40 - Providing information beyond legal requirements. 23:27 - What factors strongly correlate with engagement? 25:58 - Google Maps and its impact on traffic.  31:00 - Changes in the Irish property market.  36:08 - What will happen to the housing market? 43:10 - How does immigration affect the market? 47:18 - The real estate shift on the Gold Coast. 51:57 - When to sell or keep a property? 53:12 - Why you need to apply macro numbers to individual decisions. About Our Guest: John Foong — a seasoned senior sales executive, brings 15 years of management experience to the table, having worked across multiple continents including the U.S., Europe, Australia, and Africa. Notably, he has achieved remarkable record revenue growth during his tenure at Google and Uber, where he played a key role in multiplying Google Cloud's channel revenue into the billions as a global lead. With a proven track record, John has successfully led large teams globally and in Australia, overseeing 300+ people at Google and 600+ at Domain, encompassing both sales and technical roles. As a trusted advisor, caring manager, and holder of a Stanford MBA, John combines strategic thinking with operational expertise. His academic achievements include being a University of New South Wales Co-Op Scholar, Stanford Arjay Millar Scholar, and a distinguished alumnus of McKinsey Sydney, further highlighting his outstanding credentials. Connect with John Fong: LinkedIn: https://www.linkedin.com/in/johnfoong  Instagram: https://instagram.com/johnfoong?igshid=MzRlODBiNWFlZA==  Twitter: https://twitter.com/johnfoong?t=hDFeq1KobpI1RhLayjntlg&s=07  Resources mentioned in this episode: A Masterclass: When is the Right Time to Sell an Investment Property? https://buyersagentmentor.net.au/sellinvest 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 of The Elephant in The Room Property Podcast, we dive into an array of intriguing and thought-provoking listener questions that touch upon a variety of topics. Join us as we navigate through the realms of real estate, finance, and unconventional investments to provide insightful answers and expert advice. Among the array of topics we'll be discussing today are the considerations involved when one has the financial means to upgrade their home but doesn't necessarily need to, then we delve into the topic of finding the right buyer's agent in your desired area. Shifting gears, we also shed light on the various fee models employed by buyers agents. And while we're on the topic of finances, we continue to address the timely topic of how banks are responding to their existing customers once their fixed mortgage rates expire. Then, we take an unexpected turn as we delve into a fascinating and lesser-known realm of real estate investments—cemeteries. Yes, you heard us right! Join us for an episode filled with enlightening answers to our listeners' burning questions. Whether you're a homeowner, aspiring buyer, or simply intrigued by unconventional investments, this episode of The Elephant in The Room Property Podcast is sure to broaden your understanding and provide valuable insights into various aspects of real estate, finance, and the world of unusual investments. Episode Highlights: 00:00 - Introduction 01:08 - Is a home upgrade worth considering even if unnecessary? 08:45 - How to find the right local buyers’ agent in an area that doesn’t have any? 16:50 - Understanding the different fees among buyer’s agents 25:30 - What to look for and what NOT to look for when choosing a buyer’s agent 34:00 - Let’s discuss this unconventional question about cemetery purchases Resources Mentioned in the Episode: What to do if the property you buy has a cemetery on it? https://bit.ly/469Rwws 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.

With property prices soaring and borrowing capacities diminishing, it's no wonder that the bank of mum and dad has become the country's fifth-largest lender. But what does this growing divide mean for the future of aspiring homeowners and society at large? Today’s guest, Brian Hartzer - Chairman of 2Be, Beforepay and Reejig brings his extensive banking experience and fintech expertise to shed light on innovative lending solutions. His extensive involvement as an angel investor and advisor to numerous fintech and technology start-ups positions him as a leading voice in the industry. Join us as we explore the opportunities emerging from the current lending landscape and discuss how innovation can bridge the gap between first home buyers and their dreams of homeownership. We'll delve into the development of alternative lending products and how they can empower those who don't have the luxury of familial financial assistance. Don't miss this enlightening conversation that addresses the pressing challenges faced by home buyers in Australia and unveil the possibilities created by fintech and start-ups in the lending space. Episode Highlights: 00:00 - Welcome 01:19 - Who is Brian Hartzer? 02:58 - How big is the bank of mum and dad? 03:35 - Are older homeowners being overlooked in the borrowing landscape? 06:19 - Reasons why people over 55 want to borrow money 10:20 - What is a reverse mortgage? 12:58 - How does a reverse mortgage work? 14:32 - Reverse mortgages and the difference in interest rates 17:54 - The future of super funds in this space 19:28 - The bank of mum and dad situation 21:58 - The advantages of having a parental guarantee 27:23 - Brian’s take on the current banking industry 32:15 - What’s driving the net interest margin down? 35:27 - Are banks writing loans under the cost of the capital? 40:09 - What’s going on with the banks’ lending to customers? 50:07 - The longest downturn Australia’s had in property prices 55:14 - How Brian feels about the Reserve Bank of Australia 55:56 - Brian Hartzer’s property dumbo About Our Guest: Brian Hartzer is a seasoned executive, mentor, and investor. He was the CEO of the Westpac Banking Group from 2015 to 2019 and has held leadership positions in major banks in Australia and the UK. Brian has also served as Chairman of the Australian Banking Association and the Retail Banking Committee of the British Bankers Association. In addition, he is involved with multiple startups in Sydney as Chairman and serves as a senior advisor to a data science company. Brian is actively engaged in philanthropic endeavors, including being the President of the Board of Trustees of the Australian Museum. He holds a degree in European History from Princeton University, is a Chartered Financial Analyst, and holds dual US and Australian citizenship. Connect with Brian Hartzer: Connect with Brian on LinkedIn: https://www.linkedin.com/in/brianhartzer/ Visit the 2Be Website: https://www.2be.com.au/ Resources Mentioned in the Episode: Listen to Episode 49 of the Your First Home Buyer Guide Podcast - What Can Go Wrong When Borrowing from the Bank of Mum & Dad? (with Barry Frakes) https://www.homebuyeracademy.com.au/podcasts/049 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.

As we delve into the deepening housing affordability crisis in Australia, and the conversation starts to shift from the struggles of first-time home buyers to the escalating rental crisis, it's time to examine whether the proposed solutions from our government are truly effective or mere band-aids to a larger problem. In this episode, we delve deep into the housing crisis and explore the obstacles preventing meaningful change. Is it a lack of political will that prevents decisive action? Or are there other roadblocks, such as complex regulatory frameworks or community resistance, that impede progress? Joining us as we attempt to gain insights into the current state of the Australian housing market is Peter Tulip — Chief Economist at the Centre for Independent Studies, whose extensive experience, including his research at the Reserve Bank of Australia and the Federal Reserve Board of Governors, makes him an invaluable resource in understanding the complexities of housing and monetary policy. If you're passionate about understanding the intricate dynamics of the Australian housing market and eager to explore potential avenues for change, this episode is a must-listen. Gain valuable insights from our expert guest as we unlock the mysteries of why housing solutions remain elusive in the Australian housing landscape and discover potential pathways towards affordable housing solutions. Episode Highlights: 00:00 - Welcome 01:47 - Peter’s thoughts on the NIMBY and YIMBY movement 05:12 - What are the solutions to the supply problem? 07:34 - What factors influence builders' willingness to provide housing? 08:55 - Challenges faced by builders and developers in the current market 12:57 - The impact of land tax on the property prices in Australia 21:00 - Factors that contribute to the limited growth of the build-to-rent sector in Australia 27:29 - Is there a lack of accountability among certain councils regarding housing shortages? 28:36 - Successful examples of councils changing their stance on housing development 32:01 - What are the challenges and opportunities of industrial land redevelopment? 38:49 - Are land values and density considerations affecting housing targets in Sydney? 47:37 - What are the shortcomings of the current monetary policy process in the RBA? 51:57 - How has the property market shown resilience despite interest rate hikes? 56:30 - The cause behind the significant shortfall of dwellings in Sydney 58:02 - Peter Tulip’s property dumbo About Our Guest: Peter Tulip has been Chief Economist at the Centre for Independent Studies since 2020. From 2011 to 2020 he was Senior Research Manager at the Reserve Bank of Australia. Before that he worked at the US Federal Reserve Board, the OECD and the Commonwealth Treasury. His research has been published in numerous international academic journals. His recent work focuses on Australian housing policy.  He has a PhD from the University of Pennsylvania. Connect with Peter Tulip: Visit their website: www.cis.org.au/experts/research-scholars/peter-tulip Follow Peter on Twitter: https://twitter.com/peter_tulip Send an email to ptulip@cis.org.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.com.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 closely are our homes tied to our overall sense of wellbeing? Is it true that homeowners experience greater happiness compared to renters? We're about to uncover the truth behind this common assumption. While owning a home can offer stability and a sense of control over our living environment, it is not without its challenges. Financial stress and the responsibility of property maintenance can dampen the initial excitement. So, how long does the satisfaction of homeownership last before we yearn for something more? In today's episode, we are honored to have Dr. Peggy Kern, an esteemed associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education to help us uncover the complexities beyond the simplistic notion that homeowners are content and renters are dissatisfied. Tune in to gain valuable insights into the connection between homeownership and happiness and have a deeper understanding of how our living arrangements can impact our overall well being. Episode Highlights: 00:00 - Is homeownership connected to our sense of wellbeing? 01:24 - Who is Dr. Peggy Kern? 02:16 - How do we measure our well being or happiness?  04:14 - Explaining the hedonic treadmill and how it relates to homeownership 11:53 - Factors that contribute to the emotional rollercoaster of homeownership 15:08 - The pros and cons of short-term vs long-term thinking 19:13 - Tips for getting into a long-term thinking mindset 23:32 - Common factors found among centenarians that could be contributory to their long life 25:37 - Fact or myth? It takes longer to bounce back from negative experiences 30:56 - How pursuing a dopamine hit impacts decision-making when it comes to property 37:17 - Does one's affluence paradoxically coexist with unhappiness? 39:39 - How important is financial stability to one’s well being? 42:10 - Factors that influence one's perspective on downsizing 43:45 - How can housing choices impact overall happiness and satisfaction? 50:41 - Peggy Kern’s property dumbo About Our Guest: Dr. Peggy Kern is an associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education. Originally trained in social, personality, and developmental psychology, Peggy received her undergraduate degree in psychology from Arizona State University, a Masters and Ph.D. in social/personality psychology from the University of California and postdoctoral training in positive psychology at the University of Pennsylvania. Her research focuses on understanding, measuring, and supporting wellbeing across the lifespan. She works with schools and workplaces to examine strategies for supporting wellbeing, and bridging gaps between research and practice. She has published 3 books, over 100 peer-reviewed articles and chapters, and the freely available Palgrave Handbook of Positive Education. Connect with Peggy Kern: Get free and unlimited access to the Palgrave Handbook of Positive Education https://link.springer.com/book/10.1007%2F978-3-030-64537-3 Find out more about Peggy’s work at: http://www.peggykern.org/ Connect with Peggy on LinkedIn: https://www.linkedin.com/in/peggy-kern-b1955223/ Resources: Buying a new house: Will it actually make you happy? https://bit.ly/3pQuLgn 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.com.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 would you feel if your dream of building a new home on a suburban property suddenly turns into a nightmarish ordeal? Imagine the shock and dismay when a family's hopes got crushed after demolishing their existing house, only to discover that they couldn't build on the site due to unforeseen zoning regulations. It raises a pressing question: How could such assumptions about property improvements lead to devastating consequences? To shed light on this topic, we've invited Eli Gescheit, an esteemed urban planner with over 15 years of experience and Director of Navon Planning. With his profound understanding of local councils and the needs of property owners, Eli is uniquely positioned to guide us through the intricate process of gaining approval for property enhancements. Prepare to be enlightened as we embark on a journey alongside an urban planner who has witnessed firsthand the impact of misguided assumptions. Learn how to navigate the terrain of property improvements with greater confidence and avoid potential pitfalls that could jeopardise your dreams. Episode Highlights: 00:00 - Introduction 02:11 - Understanding the basics of the planning process in its entirety 04:10 - Two types of town planners and their roles in the context of councils and government 06:25 - Demolishing a brick home without approval from a town planner’s perspective 09:45 - Due diligence that goes beyond just the zoning certificate 12:52 - Property risks: Floods, bushfires, and their impact on property evaluation 16:17 - Overland flooding and flooding in Brisbane 20:06 - Various misconceptions and mistakes people make regarding their own properties 24:33 - What home improvements can you do without the need of a development approval? 31:27 - Repercussions of non-compliance in property transactions 36:16 - Roles and boundaries for illegal property work in Sydney 38:39 - Getting approvals for large property developments 43:23 - The impact of your relationship with neighbours on your property development plans 45:38 - What happens if your application gets disapproved? 48:09 - The difference between going to court vs consulting with a local agent 51:49 - The process involved in court cases and negotiations related to legal matters 57:49 - The importance of having a relationship with counsel in your pre-DA 1:00:16 - Eli Gescheit’s property dumbo About Our Guest: Eli Gescheit — Director of Navon Planning, is an experienced urban planner with over 15 years’ working in various Councils and consultancies, including Waverley Council and Hurstville Council (Now known as Georges River Council), at leading planning consultancy, Urbis and at Neustein Urban. Eli knows the ins and outs of Councils while also understanding client’s requirements. He possesses negotiating skills and regularly appears as an expert witness before the NSW Land and Environment Court. Connect with Eli Gescheit: Connect with Eli on LinkedIn https://www.linkedin.com/in/eligescheit/ Join Eli’s Masterclass https://www.navonsolutions.com.au/masterclass/ 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.com.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.