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

In this edition of Suburb Trends monthly report the team and Kent Lardner crack the lid on what suburbs are only now feeling the effects of COVID, including what areas that are seeing a massive influx of consumer demand. On top of this we analyse the data between housing prices and units prices and what this means for suburbs future growth.Here’s what we covered: Why do certain suburbs always outperform the market? What suburbs are cold? Properties that vendors have a hard time selling? How low are the current listings? What is the current vacancy rate? Using LMI guidelines as an insight into the quality of property in an area. What happens when Sydney incomes move more regionally? Why you should never judge regional property by Sydney standards. What are the worst areas to be buying units? What is the news for home finance? Will mortgage brokers dominate in the future when it comes to your home loan? RELEVANT EPISODES:Episode 123 | Martin North Episode 135 | Eliza Owen Episode 140 | Nicola Powell Suburb Analysis (file download) View website:Mangerton (Wollongong), NSW, 2500Beachmere (North Brisbane), QLD, 4510Merewether Heights (Newcastle), NSW, 2291 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 https://www.theelephantintheroom.com.au/podcasts/ST3See omnystudio.com/listener for privacy information.

In this episode we welcome Simon Bligh, CEO of illion. illion is the leading independent provider of data and analytics to the largest industries in Australia and New Zealand, providing insights into the spending behaviour through leveraging their data on over 25 million consumers. Simon gives the wrap on the recent and controversial early access to super, breaking down who made it their fun fund and who took it seriously. Moreover, how the future of banking will be through the free flow of your data between commercial entities, leading the way to better rates and appropriate finance.Here’s what we covered: Should people be taking out their superannuation? How will early super withdrawal impact the economy? What items did people spend their super on? Can you use your super withdrawal as a deposit? Will our spending habits return to normal post Covid? How big has the renovation industry become due to Covid? How much of the property market is mortgaged? What is your credit score? What can you do to improve your credit score? Will open banking benefit you? Will the future of banking charge rates based on the consumers repayment reliability? How open banking and data rights will change how you apply for finance in the future. This weeks Dumbo Knowing that you should refinance but never actually going through the process RELEVANT EPISODES:Episode 123 | Martin North Episode 126 | Stuart Wemyss Episode 132 | Mark McCrindle GUEST LINKS:Alphabeta - illiontracking creditsimple.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: 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, 2020. https://www.theelephantintheroom.com.au/podcasts/141See omnystudio.com/listener for privacy information.

We love nothing more than data, data and data, and in this episode we interview Dr Nicola Powell, Senior Research Analyst at Domain, she is at the helm of Domain’s data reports and has appeared in various mainstream media outlets. Nicola delves deep into the search data and behavioural science of buyers and sellers, also giving us tips and tricks on how to utilise Domain data to make better property decisions.  Here’s what we covered: How many properties were on the market at a discount? What makes sellers decide to price edit? How many properties are sold through private treaty? Why the Australian market is made up of thousands of micro markets. What macro data should home buyers be looking for? How many properties are currently transacting? Is the fear of a second lockdown in Sydney impacting the supply of property? What are buyers searching for in their future property? What areas are people searching for the most? What data is Domain harvesting from you? This weeks Dumbo: Falling in love with a property that has transacted several times in a short period of time RELEVANT EPISODES:Episode 123 | Martin North Episode 125 | Damien Cooley Episode 133 | Alice Stolz Domain Reports:House Price Report Healthy Suburbs 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, 2020. https://www.theelephantintheroom.com.au/podcasts/140See omnystudio.com/listener for privacy information.

From meeting rooms at midday to digital boardroom online, we interviewed Lisa Dowie, chief customer officer at PEXA. PEXA has been instrumental in delivering new tech solutions to the outdated property market by connecting all the stakeholders in the transaction. In this episode we discuss how the paper trail ends with PEXA and how the complete digital property transaction is just around the corner. Here’s what we covered: What is PEXA and how do they improve standards in the property transaction? How PEXA has reduced the amount of delayed settlements across Australia. Which states will receive PEXA support next? Has PEXA benefited from COVID in streamlining their product? What were some of the problems associated with digitising documents? What happens if one part of the transaction refused to use PEXA? How digital products are combating digital crimes. Why getting a survey done is crucial. This weeks Dumbo: Not having all of your paperwork in order for the property transaction RELEVANT EPISODES:Episode 125 | Damien Cooley Episode 116 | Alison Lacey Episode 95 | Craig Bigelow GUEST LINKS:Pexa - Homepage Pexa Key - App 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 weirdnessThis episode was recorded in August, 2020. https://www.theelephantintheroom.com.au/podcasts/139See omnystudio.com/listener for privacy information.

Welcoming back Director of Research of The Demographics Group, Simon Kuestenmacher. Simon was a guest back in Episode 40 where he outlined the potential problems of Australia's aging population and the current population growth. In this episode we breakdown the impact of COVID on society, specifically how our behaviours and attitudes to work have adjusted and ultimately understanding how this will translate into what people buy in the future to accommodate societies new lifestyle needs. Here’s what we covered: Will we feel the effects of COVID for years to come? What will happen to the inner cities around Australia? Will big business continue to have CBD based offices or will they adapt? What is the trend in businesses working from home? What are the pros and cons of working from home? Why will having an additional room be crucial for working from home? When will the fringes of each city's CBD see growth due to the WFH movement? What will be the biggest demographic changes in Australia? How might migration return to normal? Will reverse mortgages become more prominent? This weeks Dumbo: Purchasing a one bedroom apartment RELEVANT EPISODES:Episode 40 | Simon Kuestenmacher Episode 132 | Mark McCrindle  Episode 133 | Alice Stolz 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, 2020. https://www.theelephantintheroom.com.au/podcasts/138See omnystudio.com/listener for privacy information.

Every week we chat about Australia's major property markets, but how does Canberra compare and what are its growth prospects? In this episode we speak with Canberran Claire Corby, one of the only buyers agents to work exclusively in Canberra. We discuss the interesting caveats of owning property in Australia's capital city, how has Canberra’s market held up during Covid and what direction is trending towards; will it boom or will it bust? Here’s what we covered: How has the Canberra property market held up during COVID? Why has there been a massive disparity in demand for housing and apartments? Why Canberra's property market continues to smash suburb price records during COVID How have developers shifted in offloading the oversupply of their new builds? Why the majority of Canberra property is Leasehold not freehold. The weird quirks and caveats of owning property in Canberra? What happens with the suburbs that border NSW and ACT? What makes a scarce property in Canberra? Where are the prestige, blue chip suburbs of Canberra? This weeks Dumbo: Outbidding yourself in Canberra or choosing not to pursue properties because they are going to Auction RELEVANT EPISODES:Episode 135 | Eliza Owen Episode 133 | Alice Stolz Suburb Trends, July 2020 GUEST LINKS:LinkedIn - Claire Corby Capitalbuyersagency.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: 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, 2020. https://www.theelephantintheroom.com.au/podcasts/137See omnystudio.com/listener for privacy information.

In the 2nd edition of the new monthly report with Kent Lardner of Suburb Trends, our hosts discuss around the current unemployment rate and what areas are most impacted? Which suburbs are the hottest and questioning if they will stay hot post COVID? And weighing in on why certain suburbs, areas and property types will survive the ‘property price falls’ the media keeps banging on about. Here’s what we covered: Quarterly report on small area labour markets. What is the unemployment rate sitting at? How has COVID devastated statistically ‘younger areas’. Why does increasing unemployment in certain sectors not impact the whole economy? Why do hours worked data better represent unemployment? Which suburbs are hot and which are cold? Who is getting pushed out of the market and what suburbs are they going to now? What impact can the percentage of fully owned properties make? Will beach side properties stay at the top? How AirBNB properties in coastal suburbs, shifting to short and long term tenure have boomed. RELEVANT EPISODES:Episode 123 | Martin North Suburb Trends July, 2020 Episode 135 | Eliza Owen GUEST LINKS:Suburb Trends - Website 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 on 12 August, 2020. https://www.theelephantintheroom.com.au/podcasts/st2See omnystudio.com/listener for privacy information.

You have probably read, heard or participated in the debate that is as old as capitalism, which is the best asset to invest into, shares or property? In this episode we talk with Owen Raszkiewicz founder of Rask Australia, which provides a member only investment advice platform, ASX news and investment insights through articles, podcasts and education. We discuss which of the two assets are better to invest into, how people can start DIY trading and what you should be looking for in quality shares or property. Here’s what we covered: Where do investors get it wrong with share investing? What books should people read to develop better investing habits? How to choose a good fund? What makes a great fund manager? How can we change how we look at money and investing? How to know which company is the best? What are millennials thinking when it comes to shares vs property? Why buying assets isn't about the price spent but long term growth? This weeks Dumbo: Buying 2 studio apartments in Melbourne  RELEVANT EPISODES:Episode 134 | Lisa Indge Episode 118 | Pete Wargent Episode 69 | Scott Phillips GUEST LINKS: Free courses (four new courses coming before the end of the year) Podcasts (Investors podcast = more advanced; Finance podcast = beginners - both are good for intermediates) - shout out to Chris' episode with Owen https://education.rask.com.au https://au.linkedin.com/in/owen-raszkiewicz-4035a9b9 https://twitter.com/OwenRask 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, 2020. See omnystudio.com/listener for privacy information.

We can’t get enough of Corelogic's Head of Residential Research and author of Corelogic's recent Pain and Gain Report, Eliza Owen. The quarterly Pain and Gain report details how different properties, regions and cities are performing, including how many have made a profit or loss since the property last transacted. In this episode we understand and interpret the data in Eliza’s report including the possible implication of the trends and how it will correlate to different buyer demographics. Here’s what we covered: How far did property listing fall? How did low interest rates and mortgage pauses slow the need for homeowners to sell? Has Covid benefited the property market? What is the correlation between the unemployment rate and the arrears rate? Which areas had the biggest bounce back in May/June? Why do new properties and units have the greatest share of loss made sales? How have regional properties performed during this period? Why are investors having the majority of loss made sales? How the ACT housing market has held up. Why buying property regionally to benefit off structural changes is a poor property decision. What areas have had the greatest profitability? How has tightening of mortgage lending led to less customers falling into arrears? This weeks Dumbo: Purchasing and renovating a property through a SMSF This weeks elephant riding bootcamp What is vendor discount pricing RELEVANT EPISODES:Episode 81 | Eliza Owen Episode 115 | Eliza Owen Suburb Trends July 2020 GUEST LINKS:Corelogic: Pain and Gain March quarter 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, 2020. https://www.theelephantintheroom.com.au/podcasts/135See omnystudio.com/listener for privacy information.

Welcoming back managing director of Let’s Rent, Lisa Indge, who we spoke with back in Episode 56 about the oversupply of the property market and tips for investors. In this episode Lisa highlights how the investor market has been adversely affected by COVID, and how the mainstream media has been trying to ring bells announcing the myth that the property market is on the verge of ‘collapse’. Here’s what we covered: What types of investor stock was most affected by COVID? Why has the inner city property market had the greatest spike in vacancies? How the exodus of tenants on visas has opened up the rental market? Has the development of new builds added more stock to the current rental market? What is the current vacancy rate? The current legislation around rent relief. What can landlords do now to make their property more tenable? How renter preferences have adapted with the work f? This weeks Dumbo: Buying property without a sink and other appropriate facilities RELEVANT EPISODES:Episode 56 | Lisa Indge Episode 126 | Stuart Wemyss Episode 133 | Alice Stolz 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 on 3 June, 2020. https://www.theelephantintheroom.com.au/podcasts/134See omnystudio.com/listener for privacy information.