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

Housing affordability is on everyone’s mind but what’s being done? In this episode, we welcome back Michelle Adair, CEO of The Housing Trust. The Housing Trust, which is the second-largest housing provider in the Illawarra, delivering subsidised rental homes to over 2000 people, with almost 1100 properties from Thirroul to Nowra. Michelle is at the forefront of the housing affordability crisis. Her professional and personal experiences will move you as she illustrates how deep this problem runs, and who has the ability to rectify it.   Here’s what we cover: What’s wrong with the current housing policy? Is focusing on first home buyers an effective strategy? What is the role developers play in this crisis? What is the economic case for providing more social housing Is welfare enabling further social problems or remedying them? How to balance a growing and a stabilising market? Does the government want low housing prices? Who benefits the most from housing concessions? What role can investors play?   RELEVANT EPISODES: Episode 104 | Build-To-Rent the new standard for renters | Adam Hirst Episode 81 | Will a crisis in confidence kill our apartment market? | Eliza Owen Episode 66 | What's causing Australia's housing affordability crisis? | Michele Adair   GUEST LINKS: https://housingtrust.org.au/Housing: Taming the elephant in the economy [full report]Housing: Taming the elephant in the economy [4-page summary]https://www.canberratimes.com.au/story/7319955/governments-ignoring-holy-grail-of-affordable-rentals/ https://www.smh.com.au/national/before-she-was-a-ceo-michele-and-her-kids-lost-everything-20210427-p57mqu.html   HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au   Send in your questions to: questions@theelephantintheroom.com.au   EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in August 2021 https://www.theelephantintheroom.com.au/podcasts/191See omnystudio.com/listener for privacy information.

We talk to Rebeka Morgan, co-founder of the BuildHer Collective and CEO of Beirin Projects which focuses on high-end renovation and construction in Melbourne’s inner North. Rebekah worked for 14 years in construction management before becoming a developer herself and is passionate about sharing knowledge and experience, both as a tutor at Swinburne University and through the courses and events run by the BuildHer Collective. BuildHer Collective has a huge reach and audience with hundreds of thousands of followers, their influence has transformed lives and properties. This episode is dedicated to our audience who have constructions or renovations currently in the works or being planned out. We tap on all the relevant ways to make the most of your skills and execute a successful build. RELEVANT EPISODES:Episode 163 | Smart Houses: Fad or Necessity? | Brett Savill Episode 109 | Expert Property Styling Secrets & Tricks that sell | Amy Stead Episode 106 | Dodgy developers & Strata Living | Jimmy Thomson GUEST LINKS:BuildHer Collective - Resources Facebook - BuildHer Collective Instagram - BuildHer Collective Pinterest - BuildHer Collective Instagram - Beirin Projects HOST LINKS: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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021. https://www.theelephantintheroom.com.au/podcasts/190See omnystudio.com/listener for privacy information.

A core focus of the podcast has been to uncover who you can trust and who should you avoid when buying property. Today we are joined by Daniel Butkovich, Money & Advice Editor at Domain. He writes about buying, selling, renovating and investing in property to help educate people, whether they’re just starting out or have owned property for a while, with the aim of helping to inspire confidence in all life’s property decisions. The Australian property market is highly unregulated despite being the preferred investment vehicle for millions of Australians. In such a prosperous but uncontrolled market how do property buyers looking to purchase their first or next set of bricks and mortar do so safely? What should buyers avoid and who should they talk to when mapping out their movements in the market? RELEVANT EPISODES:Episode 175 | Moving regionally: Will it last and will it be sustainable? | Kirsten Craze Episode 168 | Listener Q&A: How to buy your first investment property Episode 166 | Gamestop, interest rates & investing | Scott Phillips GUEST LINKS:https://www.domain.com.au/advice/ BEST ARTICLES - DOMAIN:   What could make property prices slow down?   How to keep your first property as an investment (and why most home owners don't do it) How to use equity to pay for a car, boat, wedding, holiday, or investment property Tightly held: Why some neighbourhoods are so good that owners don’t leave Money tricks to turbocharge your savings and boost your buying power Refinance, upgrade or both? What home owners should do while rates are still low Are fixed-rate home loan deals below 2 per cent too good to be true? How to estimate the value of a home when the property market is rising How to determine the value of your home How much does it cost to sell a house?     HOST LINKS: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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021. https://www.theelephantintheroom.com.au/podcasts/189See omnystudio.com/listener for privacy information.

In this episode, we chat through our favourite new metric, the ‘tightly held index’. This metric quantifies the amount and type of property that are currently held long term including additional data points that maps out the possible reason for these properties being tightly held.  Kent breaks down the data of recent suburb price movement, looking out how the demand for regional property has shifted from 2 months ago. We also scope out the Brisbane market and the future of this relatively infant capital city market. Here’s what we covered: What is the tightly held index? How does this index predict future property movements? What are the potential causes for the property being held long term? What changes in the market will increase the supply of property? What areas have the lowest stock level? Why are specific properties being held and are they worth holding? RELEVANT EPISODES:Episode 186 | Online Auctions | Jesse Davidson Suburb Trends July 2021 | Best metrics to measure growth? Episode 171 | Pain & Gain Q4 2020: Who suffered and who triumphed? | Eliza Owen LINKS:www.suburbtrends.com https://www.suburbtrends.com/suburb-reviews HOST LINKS: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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in August 2021. https://www.theelephantintheroom.com.au/podcasts/st13See omnystudio.com/listener for privacy information.

We’ve invited Rob Broadhead, CEO of 2020 Fire Protection; member of NSW Govt’s Fire Safety Steering Committee and a Board Director of the Fire Protection Association of Australia. Rob has been in the fire protection industry since 1992, and has contributed to Australian Standards and helped draft fire protection training for Strata and Facility Managers. Rob is passionate about improving general knowledge around fire safety so building occupants and owners can make good decisions about fire protection before the worst occurs. RELEVANT EPISODES:Episode 176 | Developers are in the Government’s crosshairs | David Chandler Episode 113 | What’s behind the wall?: 85% of developments have defects | Dr. Nicole Johnston Episode 103 | Strata owners - rights & obligations | Amanda Farmer GUEST LINKS:https://www.2020fireprotection.com.au/Here is the NSW Fire & Rescue data:  https://www.fire.nsw.gov.au/gallery/files/pdf/annual_reports/annual_report_2019_20.pdf Here is an old video showing the difference in time from ignition to flashover between a modern furnished room & a legacy furnished room. https://www.youtube.com/watch?v=LsReYgKpHbE HOST LINKS: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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021. https://www.theelephantintheroom.com.au/podcasts/188See omnystudio.com/listener for privacy information.

Joining us today to discuss the aftermath of lockdowns in Melbourne on the property market is Jarrod McCabe, buyers agent and director of Wakelin’s Property Advisory. Jarrod’s property career spans two decades covering valuations and investment advice and has played a critical role in adapting to purchasing property during periods of lockdown.  With no better expert, Jarrod discusses how last years lockdown impacted the property market and draws similarities to the current wave including what buyers and sellers should expect from the aftermath. RELEVANT EPISODES:Episode 180 | Are buyers agents worth the cost? | Cate Bakos Episode 159 | Why hasn’t the property market crashed? | Eliza Owen Episode 42 | How to invest in Melbourne and avoid overdevelopment | Jarrod McCabe GUEST LINKS:https://wakelin.com.au/ HOST LINKS: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: calendly.com/wealthfulbook/30min Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021. https://www.theelephantintheroom.com.au/podcasts/187See omnystudio.com/listener for privacy information.

How do online auctions work and will they last? In this episode we discuss how properties are selling during the most recent lockdown. Today we have Jesse Davidson, the chief auctioneer and director at AuctionWorks. Just as home buyers and sellers have had to conform to the new normal, industry professionals adapt to restrictions and their customer’s needs. The recent lockdown restrictions have brought back the not so distant memory of 2020, the difference this time is the resilience of buyers in the property market. Digital auction houses have normalised the online auctioning of goods, ranging from a stick of gum to wholesale commercial products, but will property fall into this order or stand out amongst all other purchasable assets?  RELEVANT EPISODES:Episode 144 | Making better sales agents (not genetically modified) | Tanja Lee Episode 125 | Innovation in auctioning: how are we selling now? | Damien Cooley Episode 8 | How do skilled auctioneers get your last dollar? | David Scholes GUEST LINKS:https://www.auctionworks.net.au/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork 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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021. https://www.theelephantintheroom.com.au/podcasts/186See omnystudio.com/listener for privacy information.

Matt Knight, a regional buyers' agent who left the city for the NSW south coast, talks rural and coastal market trends. He discusses who moved pre- and post-COVID and why. Topics include commute tolerances, infrastructure impacts, premium coastal demand, rental shortages after bushfires, and how scarcity and airports shape buyer interest.

Property stories are on the tip of everyone’s tongue when they’ve been successful and glaringly absent when their landlord dreams have gone down the drain. The property market has made rapid shifts within the last 6 months with parcels of land transacting for a fortune, but how did they do it? With capital growth being the most critical element of residential property’s value, how do you predict it? Moreso how can you measure it effectively and what data can you trust to make you a confident buyer in such an overwhelming time? Here’s what we covered: What data is relevant when measuring capital growth? Does being on a main road appreciate or depreciate your property? Is median growth useful or far from it? Where do big research companies get their data and is it consistent? Are current automated valuation models effective? What is a repeat sales index? RELEVANT EPISODES:Suburb Trends June 2021 | Price predictions for the 2nd half of 2021! Suburb Trends May 2021 | Rental Vacancies Suburb Trends April 2021 | Highest median growth suburbs! LINKS:www.suburbtrends.comhttps://www.suburbtrends.com/suburb-reviews https://www.realestate.com.au/news/why-aussie-home-owners-are-holding-property-longer-than-a-decade-ago/ HOST LINKS: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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July, 2021. https://www.theelephantintheroom.com.au/podcasts/st12See omnystudio.com/listener for privacy information.

In this episode we’re answering some of our listener questions.  We’ll be covering how to maximise borrowing on a low income, what agents mean by ‘expressions of interest”, borrowing from overseas, the research needed when buying your first investment property, dealing with “best and final offers” in a hot market and what due diligence do buyers agents do that regular buyer don’t? Questions: “I'm 26 years old and already have 1 investment property and currently looking for my second. As a landscaper that is only on 65k a year at a job that I love, how would I be able to increase my max loan from the bank? Down deposit isn't a problem with me with a bit over 110k in the bank ready to go. With my wage being so low and me only having my wage as a source of income what would the next steps be getting investment 3 and going into the future. Thanks for your time.” “Hi Veronica & Chris, love your podcast! I have one question for each of you :) For Veronica, I occasionally see a property being listed as "expressions of interest". How is that different to a private treaty sale or auction and what kind of properties are best suited for it? For Chris, could you please talk about the borrowing options overseas Australians might have? Especially if they're asset rich and income poor? Many thanks for your time!” “Hi Veronica & Chris, I am a big fan and long time listener of your podcasts. In short I am 22yo and looking to buy my first investment property and have recently graduated my Civil Engineering degree. I have now moved into FT work in my chosen field of study and in the process of getting my finance pre-approved. If possible, I would love you to discuss the following in regards to undertaking research prior to the purchase of an investment property; 1. Various different online platforms available to the public to research past and future wages growth in numerous suburbs around Australia? 2. Research methods and frameworks you adopt/prefer? 3. Most important research indicators for a investment-grade suburb? i.e. wages, employment, population growth. 4. How to best determine and interpret data available online? i.e. Number of days on market, auction clearance rates, etc. I’m very eager and exciting to begin my wealth creation journey, and would greatly appreciate it if you could take the time to answer my questions. :) Thanks!” “We've bought and sold a lot of different sorts of properties but only in NSW and we were totally bamboozled by the way they do it down there. No auctions, even in a really hot market. They are listing properties with a price, and you are expected to put in your best offer, and then the agent sells it to the highest offer, but without coming back to you to give you the chance to up your offer.” “I have a comment, not a question, after listening to your podcast re hiring a Buyers Agent. I hired a Buyers Agent to assist me in buying an apartment for a family relative to live in. My reason for doing this was primarily to ensure due diligence, not recommend a property. Nicole had a lot of specialist contacts, eg for analysis of body corporate minutes, building contracts, conveyancing etc. I was very happy with the result.” RELEVANT EPISODES: Episode 183 | The Secret to Capital Growth | Jeremy Sheppard Episode 168 | Listener Q&A: How to buy your first investment property LINKS:www.suburbtrends.com.auhttps://www.homebuyeracademy.com.au/https://www.rask.com.au/podcasts/australian-investor-podcast/ https://www.corelogic.com.au/reports/pain-and-gain HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork 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 EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July, 2021. https://www.theelephantintheroom.com.au/podcasts/184See omnystudio.com/listener for privacy information.