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

Matt O'Donoghue, a buyer's agent with close to two decades of experience, shares insider knowledge on Adelaide's property market. Explore the affordability of properties, hottest areas, and best return on investment. Discover why Adelaide is an excellent choice for property investment. Topics include expats moving back, the auction market, investing in the CBD, and more.

Are you seeking expert guidance on all things property investment, but don't know where to turn? Look no further than today's episode where we answer YOUR most urgent queries about vendor disclosure laws, due diligence, and more! Follow along as we dive deep into the complexities of Brisbane property investment and explore the potential impact of the upcoming Olympics on the housing market. We also talk about the importance of due diligence when investing in property, and share proven tips for navigating vendor disclosure laws and weighing the pros and cons of renovating or investing pre-Olympics. By the end of this episode, you'll be armed with the knowledge and confidence you need to make wise choices about your property investment.  So what are you waiting for? Tune in now! Episode Highlights: 00:00 - Welcome to the Elephant in The Room Podcast! 01:09 - What's the impact of the Olympic games on housing markets? 04:28 - The impact of the Sydney Olympics on the property market in 2000 05:12 - Should the Olympics dictate your property investment choices? 10:02 - Navigating Australian vendor disclosure laws: Why due diligence counts 18:30 - Insights about the power of due diligence in property investment 22:37 - Weighing the pros and cons for renovating/investing pre-Olympics 31:46 - Will property disclosure laws in Australia change anytime soon? 36:37 - ​​Don't let fear of the process hold you back from getting your dream home 39:32 - Explaining vendor advisory in Australia 40:43 - Surprising twists in the real estate market at the beginning of 2023 45:31 - Real estate market update: FOMO at the bottom, gradual price increases and more Resources: Visit our website https://www.theelephantintheroom.com.au Your Home Buyer Guide Podcast Episode 30: Where do you start with due diligence? Your Home Buyer Guide Podcast Episode 59: A Quick Step-by-Step Guide to Purchasing Property Episode 259: The Difference Between American and Australian Property Markets Episode 263: Vendor Advocacy Is On The Rise… But What Is It? If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Real estate cycles can be challenging to navigate, but understanding what drives them is crucial for anyone wanting to succeed in the industry. In this episode, we dive into the complex interplay of factors that contribute to the booms and busts of the housing market. Our guest, Eliza Owen, Head of Research at CoreLogic Australia, shares her data-driven insights to help you make sense of the current state of the Australian housing market. Join us as we explore the impacts of inflation trends, the surprising effects of the pandemic on human behaviour, and more!  If you want to stay ahead of the curve in the ever-changing real estate industry, make sure to tune in to this episode - it's one you definitely won't want to miss! Episode Highlights: 00:00 - Welcome to The Elephant in The Room Property Podcast! 01:19 - Our guest for today, Eliza Owen 02:31 - Dangers of past trends vs focusing on high-frequency metrics in real estate markets 06:44 - Surprising impacts of the pandemic on human behaviour and property markets 12:38 - Homeowners explore alternatives to selling amidst pandemic 15:06 - Inflation trends and their impact on the housing market 18:22 - Exploring the unpredictable factors fueling Australia's inflationary spikes 20:04 - Understanding the boom and bust of the expensive property markets in Australia 23:32 - Why Perth and Adelaide are emerging as unexpected property hotspots 29:29 - The importance of context in understanding property transactions 37:22 - Understanding the correlation between medians and home value index 41:00 - How 2023 is looking for Eliza 43:44 - How build-to-rent is reshaping the rental property landscape 45:41 - Can corporations solve Australia's affordable housing crisis? 46:37 - Can better housing availability improve retirement security for renters? 48:06 - Housing affordability crisis in Australia: Proposed solutions and challenges 56:49 - Eliza’s recent property Dumbo Resources: Visit our website https://www.theelephantintheroom.com.au FREE Mapping the Market Report (https://www.corelogic.com.au/our-data/mapping-market) FREE Monthly Housing Chart Pack (https://www.corelogic.com.au/news-research/reports/monthly-housing-chart-pack) If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Housing is a fundamental aspect of our lives, fulfilling the basic human need for shelter. Despite this, many individuals and families still struggle to find affordable and adequate housing. In this episode, Jeremy McLeod, founder of Breathe Architecture and co-founder of Nightingale Housing joins us as he brings his wealth of knowledge in the real estate industry and his unique approach to prioritising affordability and sustainability all whilst reducing risks for new apartment buyers. Together, we delve into the Nightingale Housing project, a revolutionary zero-carbon community that combines affordability, sustainability, and community building. This project serves as a testament to the fact that sustainable living can be achieved without breaking the bank. Jeremy and his team hope to inspire others to adopt a similar approach through their successful implementation of this project. So tune in now to learn more about this innovative community and how it proves that affordability and sustainability can coexist and thrive together. Don't miss out on this enlightening conversation about the future of housing and sustainable living. Episode Highlights: 00:00 - Introduction 01:17 - Who is Jeremy Mcleod? 03:02 - Jeremy's passion for sustainability led to the creation of Breathe and Nightingale Housing 07:46 - The beginnings of the Nightingale project — Nightingale Apartments 09:59 - Jeremy challenging the urban sprawl with sustainable solutions 12:20 - The benefits of fostering connected communities 15:42 - Reducing apartment prices by building zero-car, zero-carbon neighbourhoods 20:27 - Sustainability vs affordability: Examining the factors behind Nightingale’s sales 25:13 - How Nightingale grew its market by building trust with potential buyers 28:57 - Why Nightingale still keeps selling 32:05 - The goal of Nightingale Housing 33:56 - Looking to make better, and more informed property decisions? 35:03 - Addressing the elephant in the room by delivering innovative solutions 45:56 - How Jeremy plans to protect affordable housing for the long-term 48:01 - Is living in a Nightingale ideal for everyone with differing political ideologies? 49:57 - Why Nightingale Housing is unavailable in Sydney 52:55 - What’s Jeremy’s property Dumbo? About Jeremy McLeod: Jeremy McLeod is the Director of Breathe, a top sustainable architectural studio in Australia with over 20 AIA awards. He's also a Co-Founder of Nightingale Housing and Head of Partnerships at Goodbye Gas. Jeremy advocates for affordable and carbon-neutral housing, urging industry and government to do better in response to the country's housing and climate crisis. He's passionate about a net zero emissions future and believes architects can drive positive change through collaboration. Connect with Jeremy McLeod: LinkedIn Breathe Studio Resources: Visit our website https://www.theelephantintheroom.com.au How to Avoid a Climate Disaster by Bill Gates https://amzn.to/3JZ1LLB If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Most people know they have to do the most basic due diligence when buying a property. But how do you know if you can rely on these reports? Are there industry standards that must be adhered to? Do inspectors need to be appropriately qualified and licensed?  Are these due diligence reports truly comprehensive and highlight any potential issues? Michael Ferrier, Founder and MD of EYEON Property Inspections, joined us with our hosts, Veronica Morgan and Chris Bates. We dive deep on these topics and more today. So tune in while we pull back the curtain on property due diligence reporting and what you need to look out for when buying your next property.   See you in the episode!   Episode Highlights: Welcome [0:00] How are things changing at the two levels of the market? [2:07] Ensuring you’ve got the consistency of information. [7:40] The importance of follow-up support in the inspection process. [11:56] When an agent is on the front foot about a crime [17:32] Preventing a strata manager from withholding information from the inspection report [22:47] What’s the biggest issue in New South Wales? [28:06] Putting yourself in a buyer’s shoes [33:41] Requirements for building and pest reports [37:41] Average downloads of a building inspection report [43:11] The importance of having a building and pest inspection document. [50:12] What happens when a client has two wrong strata experiences? [56:07]     Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au  Send in your questions to: questions@theelephantintheroom.com.au      Resources:  https://www.theelephantintheroom.com.au/podcasts/267   If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

As recognition of the need to reduce our carbon footprint grows, the task of creating change becomes increasingly pressing.  Upgrading our built environment to be more sustainable presents one of the biggest challenges we face today.  But how do we retrofit existing buildings, and who is responsible for making these changes? Join Veronica Morgan, Chris Bates and guest Professor Sara Wilkinson, a highly regarded expert in her field with a BSc, MA, MPhil, Ph.D., FRICS, and AAPI, as they delve into the crucial topic of reducing your property's carbon footprint. They also get into the significant role buildings play in carbon emissions. They discuss practical solutions for retrofitting, also addressing various related topics. In this valuable episode, gain a deeper understanding of the importance of reducing your carbon footprint and learn about the actions you can take to make a difference.    Watch the entire episode now to find out more!   Episode Highlights: Welcome [00:00] Why are we becoming more aware of climate change? [3:53] The Best way to approach Retrofitting [9:35] Consumers are prepared to pay more for the highest energy rating homes. [14:31] Where Could We Get the Best Bang for Your Energy Bill? [19:44] What happens if you ban the plastic bag? [22:58] Separation of the premium paid for the green housing from the green features? [37:25] Issues with older Australians passing on their homes [53:21] The New South Wales government’s initiative to convert older buildings [54:51] Sustainability is a moving target. It needs to be government-driven. [57:15]     Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au  Send in your questions to: questions@theelephantintheroom.com.au      Find this episode on our website:  https://www.theelephantintheroom.com.au/podcasts/266   If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

This is our Suburb Help Report for January 2023 and we'll be looking at what property investors need to know when they're looking at investing across the country. In this episode, we'll be discussing green shoots in the property market. Yes, you heard me right. It's been all doom and gloom throughout 2022 with regular predictions of 15% price falls, but the data is suggesting a different story in some parts of the market. We are joined today by Kent Lardner, a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China.   Link to Kent's website: http://www.suburbtrends.com   Episode Highlights: Suburb Health Report Introduction [00:00] Introduction To The Elephant In The Room [00:25] Introduction To Kent Lardner [01:06] How Many Properties Do You Think Would Be In An Essay Trilogy Around The Country? [02:24] Conflict Composition Or Bias Is A Real Issue In Downturns [07:14] What's The Average Fall Since Their Peak In The Capital Cities? [09:25] What's happening In The Sydney And Adelaide Markets? [10:42] Buying A House In New Town On The Weekend [13:42] What's Changed In The Sydney Suburbs Since Peak? [15:16] How Many Months Of Inventory Does It Take To Get Equilibrium? [22:51] How Bank Discounts Are Counteracting The Rate Increases [25:15] Are There Areas That Have Peaked In The Last Couple Of Months? [27:54] Is The Affordability Argument Sustainable Now? [30:45] How High Rates Are Making People More Cautious And Makes People More Picky [34:29] What's Happening In Tea Tree Gully? [38:36] What Are The Implications Of More Investors In The Market? [41:44] Why Stay In The Country When You Can Go Anywhere? [45:53] The Importance Of Quoting In The Current Market? [52:45] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au  Send in your questions to: questions@theelephantintheroom.com.au  Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/265   If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

How has the Brisbane property market changed in the wake of Covid? Can we now count it as one of the big guns, along side Sydney and Melbourne? Or is the recent boom set to be short lived? In today's episode, we are joined by Melinda Jennison,  who is possibly the only buyer's agent with a PHD. Which means she brings a research lens to strategy development and advice. Melinda shares what has been happening in the Brisbane property market, what makes it tick… and what potentially could be expected for 2023. Discover if Brisbane really is now in the same league as Sydney and Melbourne. Let's find out. See you in the episode!   About our guest: Melinda Jennison is a Brisbane Buyer's Agent or Advocate, she works with time poor professionals who are looking to find their ideal home, an investment property that will deliver on capital growth or rental yield requirements and small development opportunities in the Brisbane real estate market. Link to Melinda’s website: https://streamlineproperty.com.au/   Episode Highlights: How has the Brisbane property market changed in the wake of Covid? [00:00] Introduction To The Elephant In The Room [00:10] Introduction To Melinda Jennison [00:51] Stagnant Activity  [02:24] Surge Of Buyers Unexpectedly [03:33] Low Listing Environment [05:17] Pressure On The Rental Market [08:01] What’s happened in Greater Brisbane since the start of Covid. [08:24] Is Brisbane becoming a big grown-up city not a regional town anymore? [14:26] What would people want in Brisbane? [18:11] South facing is the most desirable orientation in Queensland. [33:58] What’s happening to the investment side of the market? [40:40] Are investors running for the hills in these markets? [44:49] Why we go nowhere near these types of agents [53:07] Who’s going to buy the property if you have to sell it? [56:54] Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au  Send in your questions to: questions@theelephantintheroom.com.au  Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/264   If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

A vendor's advocate represents you in the sale of your home or any investment property. Their work is to give you peace of mind and confidence by ensuring your selling agent is actually working for you and doing everything possible to achieve the highest price for your property. In today's episode, we are joined by Fiona Martin, owner and director of Golden Alliance. Fiona has been in the industry for nearly 15 years now and we're thrilled to have her on the show to educate us more on Vendor Advocacy. Tune in as we elaborate further on what a Vendor Advocacy does, how do they create a positive impact in the property investment community and so much more! See you in the episode!   About our guest: Fiona Martin is the owner and director of Golden Alliance - a licensed real estate agent who has been in the industry for nearly 15 years. Fiona is one of only a handful of agents who only do the end vendor advocacy, nothing else.  Link to Fiona’s website: https://goldenalliance.com.au/   Episode Highlights: 00:00 What Is A Vendor Advocate? 00:19 Introduction To The Elephant In The Room 01:00 Introduction To Fiona Martin4. 03:35 It’s A Collaboration Between The Agent, Vendor and, Vendor’s Advocate 05:03 How Do You Know If An Agent Is Doing Their Job? 06:30 Not Needing To Check Up During Campaigns 10:04 Good Vendor Advocacy 13:59 How Did You Feel About The Recent Boom In Property Selling? 25:27 Beginner Experience As A Property Seller 27:41 Buyer’s Agent Lack Of Experience 33:52 Agents Common Mistakes In Selling 41:08 Real Estate Matters More Than Ever 45:23 Market Catch Up Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au  Send in your questions to: questions@theelephantintheroom.com.au  Youtube Channel: https://www.youtube.com/channel/UCy5458Q5ObYFeQ8UJJchaRQ   Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/263   If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!See omnystudio.com/listener for privacy information.

Many Buyers Agents work hard to attain their qualification... only to find themselves feeling unequipped to actually do their job well, and advocate for what might be the biggest decision of their client's lives. No career is easy, and the role of Buyers Agent is no exception. Long hours, constant property hunting, uncertain income, endless research... the list goes on.  In an industry full of lone rangers and micro-businesses with limited resources, it's hard for people starting off to find employment and learn from experienced practitioners. This episode is for you, whether you're currently working as a Buyers Agent, thinking of becoming one or considering hiring one. We discuss the difference between those who learn purely through trial and error and those who benefit from being mentored.    See you in the episode! Episode Highlights: 00:21 Welcome to the Elephant in the room (Introduction) 00:39 Chris Bates introduction 01:39 Chris Working As A Buyer's Agent 06:39 Lack of knowledge from a buyer's agent 10:38 Having A Buyer's Agent Just Saves You More Time 15:20 Buyer's agents choosing buyers 17:22 Short term measures in properties 20:42 Doing the extra mile for clients 24:11 Learnings of a buyer's agent 33:18 The capability of one buyer's agent - by the book 39:39 What to look for in an agent? Here's a tip for you! 41:54 Limitations in the property business 46:59 Motivation and mentality 47:32 What I want, I bargain and I get it. 56:37 Your guide in buying a property   Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au  Send in your questions to: questions@theelephantintheroom.com.au    Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/262   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.