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

We’re quite aware here in The Elephant in the Room that a lot of aspiring first time property investors are more likely to devour strategies and case studies that ‘Property Superstars’ and TikTok influencers put out. …But are we missing something important by listening to all these success stories and strategies?  Tyrone Shum, the host of one of Australia’s most popular property podcasts, Property Investory, joins us today and he makes a bold claim: He’s NOT a property expert! – BUT he’s long held a passion for real estate and that led him wanting the story behind the success of investors.  In this episode, we’re dissecting the hundreds of stories Tyrone has heard – Which property investment strategies stood the test of time? What can we learn from these investors’ failures? Should we believe every success story we hear?  If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: Measuring ‘success’ in property investors [02:01] The problem with leveraging success stories [07:09] Can Aussies still get rich in property investing? [10:55] How investors are using their stories as a PR strategy [13:33] Strategies that investors use in 2022 [18:34] Why listening to investors’ failures and challenges brings more value [25:10] The ‘seagull effect’ in real estate [32:17] Is ‘flipping’ houses a reliable strategy? [35:20] Tyrone’s thoughts on ‘hotspotting’ [40:20] Is moving to commercial property a good move? [45:50] Does rentvesting still make sense in 2022? [48:23] The truth behind ‘success stories’ [50:32] Tyrone’s property Dumbo [57:36]  How to protect yourself from shady property ‘mentors’ [01:00:02]   About our Guest: Tyrone Shum is the host of a very popular podcast show called Property Investory receiving over 2.6 million downloads showing to property investors the latest stories, strategies, and examples from Australia’s most innovative property experts. On the video front, he is also the creator of two extremely popular YouTube Channels receiving over 1.8 million views and over 16,500 subscribers, showing vast experience with engaging viewers online. Tyrone has been interviewed across 30 different podcasts from around the world, featured on numerous world-class blogs and invited to speak at numerous events with over 100 attendees. It has not always been this way. He’s been through many challenges from losing a job working in a recruitment agency to closing down a toilet deodourising business and making a loss of $24,000 during the Global Financial Crisis. This helped him overcome adversity, learn from his mistakes and now help universities and government organisations excel.   Links from the show: Property Investory Podcast: https://propertyinvestory.com/podcasts/    Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/241   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

“Australians have a genetic defect – this love affair with property”  Today’s episode is an extra special one as we’ve invited the principal of Motivated Money, Peter Thornhill, to give you a heads up: he’s not a huge fan of property.  …But what we do have in common are values around investments – that the ups and downs of the market can be linked to human behavior, there is no such thing as a market “crash”, and long-term investing is the surest way to tap the market’s riches.  Tune in as we talk about his insights on the difference between investing in real estate versus shares, the volatility of the market, renting your lifestyle, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: The problem with Australians’ love affair with property [02:41] How offshoring affects Australian economy [05:14] On Australia’s Super system [10:20] Do you need property as an investor? [14:13] Issues with the new generation’s mindset around property and finances [18:00] Addressing the share market volatility [26:10] Cash accumulation between property and shares [30:48] Media headlines and rising interest rates [33:30] Financial advice for young families [36:41] How to get started with investing in the share market [41:40] Using dividends to pay off your mortgage [45:09] Stocks vs ETFs [49:19] Letting cashflow roll from investment companies [52:29] Picking the right companies to invest in [55:07] Chasing yields is a trap [55:46]  Rent your lifestyle [01:00:05]   About our Guest: Motivated Money gives people the knowledge to make informed investment decisions. Its principal, Peter Thornhill has delivered 1000's of presentations over the years to all types of investors.  Peter helps people achieve an exciting dream in a very boring way. In his words “I prefer the safety and security of the sharemarket to risky assets like term deposits.” Does that sound strange? For many it will, and that’s why Peter’s boring solution has captivated audiences around Australia.    Links from the show: Motivated Money website: https://motivatedmoney.com.au/    Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/240   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Climate change has significantly impacted residential property: Constant house repairs, increasing energy bills, and more areas becoming uninsurable.  …It feels like something needs to change. Will our policymakers be able to keep up?  Today, we’re talking about the impact climate change is (or should be) having on housing policy.  Nicki Hutley, a highly experienced economist and Councillor on the Climate Council, joins us today to talk about the extent of the climate change problem, what the government is doing, existing initiatives, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: The extent of the climate change problem [04:01] What will happen to property values in ‘uninsurable’ areas? [08:05] The politics behind climate change decision-making [13:54] NSW initiative on sustainability [20:01] Raising awareness on climate change issues [26:19] Climate change damages: Repairs vs Mitigation [30:56] Nicki’s Property Dumbo [37:18]   About our Guest: Nicki Hutley is a highly experienced economist with broad-based expertise in macroeconomics and microeconomic policy, gained over three decades in financial and investment markets and in economic consulting.   After many years in the corporate world, including most recently as a partner with Deloitte Access Economics, Nicki is now an independent economist, advising governments, businesses and not-for-profits. She is also a Councillor on the Climate Council. Nicki holds an Honours degree in Economics. In 2021, she was elected President of the NSW Branch of the Economics Society of Australia. Nicki is a frequent commentator in the media and is a regular guest on The Drum and The Project.   Links from the show: Visit Nicki Hutley’s website: www.nickihutleyeconomics.com.au  A River with a City Problem by Margaret Cook: https://bit.ly/3olYKJ7  Ep 228: https://www.theelephantintheroom.com.au/podcasts/228    Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/239   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

We are currently in a phase of living with COVID, and while it’s too early to call it a ‘post-COVID’ era, what could that period look like?’ And how will the property market adjust? Simon Kuestenmacher, the Director of Research at the Demographics Group is returning to the show. He shares his insights on the current state of affairs in Australia with borders opening and migration slowly returning to full swing. We also talk about the status of the labour force, shifting family formations, the recent elections, and a heap of other topics! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: Overview of what’s happening in Australia [01:49] Can we still hope for supply chain issues to get resolved? [06:03] Australia’s reputation after the lockdowns [07:46] Selling Australia’s image and attracting global talent [12:06] The shift in settlement patterns after COVID [14:17] Solving demographic and climate change issues [19:29] Can the senior population be convinced to downsize? [25:25] Millennials settling in areas outside the business district [30:45] The future of work flexibility [35:57] Office vs remote work [37:31] Is a ‘Great Resignation’ really happening? [41:09] Building a healthy work environment [46:30] Simon’s thoughts on the 2022 election [51:25] On voter personalities and existential crises [55:18] Putting the Labor Party under a microscope [01:00:00]   About our Guest: Simon Kuestenmacher is the Director of Research at the Demographics Group. He has amassed 140,000 followers globally in just two years. They enjoy his insights and his quirky observational style. He is a columnist for The Australian on demographic trends and urban development.   Links from the show: Visit Simon’s website: https://www.simonkuestenmacher.com/ Check out The Demographics Group: https://www.tdgp.com.au/simon-kuestenmacher   Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/238   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Inflation is up, there’s a rental crisis across the country, and interest rates are rising for the first time in a decade – with all the negativity around the property market, how can we make sense of it all?  Friend of the show and Head of Residential Research Australia at Corelogic, Eliza Owen, joins us today as we try to unravel what’s happening in the market… with accurate data and minus the media hype!  We cover rising interest rates, falling house prices, consumer confidence, and heaps more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: Summing up the property market in 2022 [01:42] Effects of limited buying capacity on property buyers [05:28] Can falling house prices be a good thing? [09:36] How shifting household formations is driving up property demand [12:59] When will the interest rate cycle normalise? [17:33] How multimillion-dollar properties losing value affects property data [23:10] Real estate conditions in regional Australia [30:39] New building dynamics in coming years [36:02] Is housing quality compromised for first home buyers? [39:26] On Australia’s rental crisis [43:11]  Are Australians slowly getting used to interest rate rises? [45:56] What recent history tells us about timing the market [51:19] More factors affecting the property market [55:20] Correlation of mortgage repayments and interest rates [58:00] Effects of job swaps and wage increases [01:02:13]   About our Guest: Eliza Owen is the Head of Residential Research Australia at CoreLogic. She has a wealth of experience in property data analysis and reporting. Eliza worked as an economist at Residex, a research analyst at Domain Group and previously as the commercial real estate and construction analyst at CoreLogic. Eliza is passionate about economics, and is a popular keynote speaker, having presented to thousands across the real estate, finance and construction sectors.   Links from the show: CoreLogic Website    Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/237   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

This is an interesting episode with our resident geek, Kent Lardner as we roll out Suburb Help – a little project we have to help investors make better decisions about where to invest.  Today is all about Australia’s rental crisis: What’s driving up rental prices? Which areas have the highest vacancy rates? Is the same happening in places outside the country?  Tune in to hear all about Kent’s invaluable research data and insights! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: What is Suburb Help? [00:56] Are rents really at record highs? [03:44]  Rental challenges in regional areas [05:49] Effects of Australia’s rising rental demand [09:26] Rental Crisis: A series of poor decisions [13:46] Build to Rent schemes & Social Housing programs [17:08] Regional areas with the most rental growth [21:05] Which market segment will see the most rent increase? [24:53] Current areas with high vacancy rates [27:48] The problem with Build to Rent schemes [31:06] Income lost due to rent rises [37:11] Is the rental crisis happening in other countries? [39:43] Solving Australia’s rental crisis [41:13] The advantage of having the right data and expert help [44:31]   About our Guest: Kent Lardner is 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.   Links from the show: Suburb Help Website   Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/236   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

We love tackling questions our listeners sent in – and today, we’re answering some of them (plus a slightly controversial one towards the end!)  How do company title properties compare to strata title properties? What makes an A-Grade property? Is there a way to make land tax less frustrating? Tune in as we take on these questions and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: ‘Company title’ property: pros and cons [01:00] Company Title VS Strata Title [04:22] Is the property market boom NOW? Should you sell? [10:30] Getting the price right in a rapidly shifting market [15:57] Determining A Grade Property [21:19] Are A Grade properties only found in premium suburbs? [25:46] Getting an A Grade property in Sydney [32:22] Landtax thresholds and rates [38:48] Issues on tenancy and society [45:51] Financial inequality in Australia [49:25] Rezoning and NIMBYism [55:06]   Links from the show: Veronica’s article on land tax Your First Home Buyer Guide Podcast Episode 40 Ep 31: New ways for people to get onto the property ladder Ep 80: Is co-living the answer to housing our housing crisis? Ep 104: Build-To-Rent the new standard for renters Ep 108: Assembling Communities Ep 215: The Impact of Build-to-Rent Properties on Mum & Dad Investors Ep 230: Debunking Australia's Property Investing Myths Ep 66: What's causing Australia's housing affordability crisis? Ep 111: Homelessness, Housing Affordability and Protecting YOUR Future Ep 191:  The Growing Housing Affordability Crisis  Ep 89: Australia's home ownership crisis Ep 205: Should You Be Worried About Australia's Affordability Crisis? Ep 224: Debrief: The Falinski Report on Housing Affordability in Australia Ep 227: How Inflation and Interest Rate Rises Affect First Home Buyers Ep 231: The Sketchy Economics of Real Estate Ep 234: The Australian Dream of Home Ownership: Less Realistic Than Ever?   Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/235   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

With the economic headwinds caused by rising interest rates, ballooning inflation, and wage stagnation, is it time for the majority to face reality and retire the great Australian dream of home ownership?  Are government initiatives enough to ease the housing affordability crisis? Will there be any real housing policy changes after the elections? What should homebuyers do as prices increase?  Brendan Coates, the Economic Policy Program Director at Grattan Institute, joins us in today’s episode to help us understand the economics behind the housing affordability crisis, government responses, inflation, and more. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode!   Episode Highlights: Insights on election pitches around housing [02:05] Housing shortage & the lack of first home buyers [05:19] Will Australia see any REAL housing policy changes anytime soon? [10:02] Will the rate of renters in retirement go down eventually? [16:12] The myth around the demographic of first home buyers [19:43] Western Australia’s and Victoria’s housing schemes [24:27] Should you worry about inflation and rising interest rates? [30:58] Financial moves homebuyers should do amid the inflation [36:49] What’s driving house prices to go up? [41:15] Can we ever go back to a low-interest world? [46:50] Why have wages in Australia stagnated? [53:26] Defining productivity from an economic perspective [56:05] What’s causing the inflation in Australia? [01:01:30] Does Australia have a short term migration problem? [01:05:25]   About our Guest: Brendan Coates is the Economic Policy Program Director at Grattan Institute, where he leads Grattan’s work on tax and transfer system reform, retirement incomes and superannuation, housing, macroeconomics, and migration.   Links from the show: Ep 89: Australia's home ownership crisis Ep 124: The new normal: will your household finances hold up? Ep 153: Accessing super for home buying? Do it or don’t? Ep 195: Is Australia Ready to Reopen? Grattan: Shared equity is a start…   Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/234   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

Airbnb continues to take the world by storm and with lockdowns easing up and tourists surging, the demand for local accommodation has steadily increased – but with talks of legislation limiting short term rentals coming in, how will the market adapt?  How much has the short term rental market changed? Will they continue to grow after COVID? Is it still a good idea to list your property on Airbnb?  In today’s episode, Quirin Schwaighofer of MadeComfy shares his insights on the future of short term rentals. We talk about how the ratio of vacancy rates and tenants shifted over the pandemic, how the Work-From-Anywhere movement boosted short term rentals, existing Airbnb restrictions in Australia, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode! Episode Highlights: How COVID impacted the rental market [02:36] Balancing out vacancy rates and tenants [07:04]  Quirin’s thoughts on the Work-From-Anywhere movement [13:02] COVID’s effects on property ownership [19:12] Will legislation limiting short term rentals have a negative effect? [22:01] Australian states with Airbnb restrictions [30:14] Potential roadblocks for investors eyeing the short term rental market [37:02] Will short term rentals continue to grow? [43:31] The costs of putting up an Airbnb [51:24] How MadeComfy filters properties [54:26] Factors to consider if you want to enter the rental market [1:00:18] Quirin’s property Dumbo [1:02:53]   About our Guest: Quirin Schwaighofer is the Co-CEO & Co-Founder of Australia's accommodation innovator MadeComfy. MadeComfy manages properties in the short term rental market and since its launch in 2015, MadeComfy transformed into a fast-growing and multi-award-winning disrupter of the Real Estate and Hospitality market and became an official partner of Airbnb in 2019. In his spare time, Quirin loves adventurous travel and supporting his daughters to chase their dreams. Links from the show: What sort of property makes the best short term rental? MadeComfy Website Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/233   If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.

There are at least three levels of government responsible for Australia's housing policy – all of which contribute to the country’s complex housing affordability issue.  Which level of government holds the most swing? How much of the decision-making is evidence-based? What are the factors considered when formulating housing policy?  Chris O’Dell of GYDE Consulting helps us understand the ins and outs of Australia’s housing policy. We talk about how the system works, rezoning opportunities in regional areas, site acquisition, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode! Episode Highlights: How many government-level decisions around housing are evidence-based? [02:14] Key features of the Greater Sydney Plan [04:13] Addressing rising prices in regional Australia [09:33] Why small town property issues don’t make a national impact [14:18] Why policy makers are missing out on opportunities in regional Australia [17:41]  Migrants’ effect on Australia’s population growth [22:21] Does Parramatta still have massive potential? [26:31] Chris’s thoughts on building supply and costs [30:14] Is land banking making site acquisition difficult? [36:00] How rezoning of greenfields will affect NIMBYs [39:46] The naivety around redeveloping Sydney [44:04] Should there be a mandate on what properties need to be built when rezoning? [56:03] Chris’s property dumbo [01:04:27] About our Guest: Chris O’Dell is a Director of Analytics at GYDE consulting in NSW. In his nearly 20-year career, he has worked across many industries including planning, engineering and transport in both the public and private sectors. He has dedicated his career to understanding and explaining how changes in policy and macro and micro trends impact the way people move, work and most importantly find homes to live in.  During his time in State Government, Chris was responsible for the creation of key State Government datasets that monitor housing activity and population growth. He now works very closely with all levels of Government, strategic planners, industry and anyone else who will listen about the importance of evidence-based decision making. Links from the show: ‘Historic’ drop in supply of new Sydney homes prompts shortage warning Info on the Greater Sydney Plan Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan 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/232 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.