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

Malcolm Gunning, has been in real estate forever & his agency Gunning Real Estate focuses on commercial, industrial, retail, residential & development real estate. They also provide services in sales, leasing, property management, consultancy, & valuation. Here is some of what we covered: What is sophisticated investor & do they always get it right? The 3 main methods used to value a commercial property. How to target the right buyer pool when selling an investment property. Why foot traffic, infrastructure & the neighbouring retailer is so important. Rent movements, yield, land value & capital growth in the commercial world. https://www.gunningre.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts055 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Haesley Cush, auctioneer, sales agent and principal, opens up about the Brisbane property market and explains how apartments can lose money while unrenovated Queenslanders in the same suburbs sell for ridiculous prices. What are the best buys in Brisbane at the moment?  Here’s what else you’ll learn: The Brisbane property market & why locals don’t like auctions. What's a good property investment & what’s not in Brissy. Why it’s easier than you think to over capitalise on an unrenovated “Queenslander”. Oversupply of apartments - what’s going on? There is so much insider knowledge here! Haesley’s details: http://livingherecushpartners.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts054 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

In this episode, we pick the brains of Tim McKibbin, CEO of the REI New South Wales. Originally qualifying as a lawyer and an accountant, Tim joined the REI 15 years ago, and has been the CEO now for 13 years. He's an extremely vocal advocate for the real estate industry, and over the past few years he's had a couple of stoushes with the New South Wales state government on a number of issues. Recently, he's been very vocal and he's called for self regulation. His latest battle has been over stamp duty reform and it’s really fired him up! We dive into some hot topics, such as: What the Government has planned to assist with housing affordability. Stamp Duty: Why hasn’t it changed in 32 years? Negative Gearing: Is it purely politics? Why we need review the regulators of the real estate industry that don’t know what’s going on, AKA Fair Trading. Trust account audits - the good, bad and the ugly. We hope you enjoy this episode as much as we did recording it! LINKS: Property Investors Council of Australia:  https://pica.asn.au/ Stamp Duty Reform Link: https://www.reinsw.com.au/Web/Posts/Latest_News/201811/aStamp_duty_reforms_are_an_insult_says_REINSW.aspx Good Deeds Blog - Land Tax: https://gooddeeds.com.au/sydney-property-market-updates/what-is-land-tax-and-is-it-fair/ REINSW Petition for Property Services Commissioner https://www.reinsw.com.au/Web/Posts/Latest_News/201811/reinsw_launches_petition_for_property_services_commissioner.aspx See omnystudio.com/listener for privacy information.

Plus all the dirt on the hidden pitfalls in off-the-plan contracts. We are very excited to share our conversation with Jennie Tonner, our very first conveyancer on “The Elephant”. She is one of Australia’s most experienced conveyancers who has spent decades working in the “big end of town” and now runs her own small business, Cremorne Conveyancing. You’ll learn an incredible amount about what can so easily go wrong for buyers who don’t invest in good legal advice. Jennie shares her experience and wisdom, including: What can’t be changed in a contract during the cooling off period. How the contract review process changes for buyers when the market cools down and heats up. A few horror stories with buying off the plan. How some developments sell before they even have council consent! What a release of deposit clause is and what you should do if you see one. When you are protected if you buy a property without council approval for building works. This is a brilliant episode which highlights the importance of getting good advice before you sign on the dotted line. Where you can find Jennie: https://cremorneconveyancing.com.au/ Download the transcript: www.thelephantintheroom.com.au/podcasts052 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Cameron Macqueen is a man that’s done many great things in the business world. After 5 years growing a big business in China he came back to Australia to run a Chinese property development company - PAI Group. PAI have been building 100’s of small developments, mainly in Melbourne’s middle ring suburbs. These developments are funded by Chinese citizens mainly to get two things, a great return and a permanent residency status in Australia. Here are some highlights: The different ways Chinese think about property. How Chinese gut apartments and want everything brand new. How you can get Permanent Residency if you have a bit of cash. The market risk in doing developments. How Chinese build community developments that are amazing places to live. How we are going to grow our cities, as we grow our population We finish we some rather hilarious tree cutting dumbos so be sure to tune in till the end! Cameron’s details:https://www.paigroup.com.au/home-en Download the transcript: www.thelephantintheroom.com.au/podcasts051 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

In this episode, Veronica and Chris finish the summer series with a discussion about some of the biggest  “aha” moments in the first 25 episodes. As always, this conversation covers a lot of ground as we pull snippets from different interviews and discuss the key lessons and takeaways in more detail. The most common behavioural biases we have that let us down. What’s really happening during an auction sales process. Agent tactics to get you to make an offer. How we are not fans of “Positive Cash Flow” The Interest Only Cliff and what it will impact How data analytics are going to change property investing in the future. Flaws in new buildings and the risks of buying off the plan. This is the 50th episode and there’s so much to learn that only the first 25 episodes could be covered in this chat! Listen up and come back, the second 25 episodes will be tackled soon - there’s so much more gold in them! Episodes mentioned: Damien Cooley Matt Hayson Michael Harris Ewan Morton Luke Metcalf Michael Ferrier Amanda Farmer Download the transcript: www.thelephantintheroom.com.au/podcasts050 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Will it really create housing affordability and will there be unintended consequences? In this episode we stir up the conversation on Labor’s negative gearing policy and just how crazy we believe it will be if they successfully get it legislated. To help you better understand what could happen, we bring in parts of the conversations we’ve had with some of the smartest minds in property - Pete Wargent, The Kouk, Tyron Hyde and Ben Kingsley. For us, it is wildly outrageous that they believe this will help first home buyers get what they really want long term; a home in a highly desirable location. In fact we believe it will make it even harder for them. Labor are forgetting that a lot is riding on keeping our property investment industry stable and flowing, but in order to win votes they will bring financial pain to property owners all over the country. For properties not traditionally bought by investors, such as houses in the inner rings of capital cities, this will not have a huge impact. But for properties that are bought almost entirely by investors such as units, new apartments and holidays homes, this could be catastrophic. There are so many flaws in this policy design and this episode explores what the consequences could be if it gets the go ahead. Blog mentioned:Stuart Weymss Episodes mentioned:Pete WargentBen Kingsley Tyron Hyde Stephen Koukoulas Download the transcript: www.thelephantintheroom.com.au/podcasts048 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

In this episode we have a look at 2019 and what could change in “the property market”. This is the first of our 2019 summer specials and we reflect back on what some of our podcast guests have had to say about the big issues affecting property prices. Peter Koulizos talks Australia. Pete Wargent talks Brisbane. The Kouk talks all things interest rates and what the RBA could do. Mark Foy explains why some properties are performing better than others. John Lindemann explains how scarcity really works and where to buy for long term growth. We talk about the flight to quality, property fundamentals and how many different markets perform. Please listen to the end because Chris gives a great summary of how home loan lending has changed and what to do about it in 2019. Links: Veronica’s blogs:Lilyfield Case StudyPost GCF Case StudyBuy or Sell First Blog Chris Blog Servicing Changes www.thelephantintheroom.com.au/podcasts048 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Bryce Holdaway, is probably Australia’s most famous property co-host - podcast fans will know him from The Property Couch and TV fans will know him from Location, Location, Location Australia, Relocation Relocation Australia and now Escape from the City on the ABC. What you may not know is why he is the best person to explain to us exactly what a property spruiker is and what makes them so dangerous. And no chat about spruikers would be complete without also discussing: How much money is available in referral fees for mortgage brokers, financial planners and accountants who know very little about property and are not interested in good outcomes for their clients. Apartments aren’t all bad, but many are risky, so learn the first question to ask yourself before buying a new apartment. The specific issues you need to be aware of when buying property within your SMSF. But the most compelling reason to listen to this episode is to hear Chris’s “chicken in the oven” analogy. Download the transcript: www.thelephantintheroom.com.au/podcasts047   Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Lorna Patten, counsellor and trainer, is renowned for telling the truth that needs to be told. So who better to explain to us exactly what lies underneath some of the decisions property buyers make - in particular those that cost people a lot of money. This is the episode we’ve been wanting to make for some time and we uncovered some absolute gems:   What we fear the most when it comes to life and how that can lead to buying property for all the wrong reasons. The difference between normal anxiety about a big decision and a niggle that’s really a warning sign. Practical steps for gaining clarity around what you want and to succeed when buying with your partner.   If you suspect that you might be driven by your inner 3 year old saying “I want it, I want it, I want it”, you’d better listen to this episode! Lorna's website The Change Room podcast   Download the transcript: www.thelephantintheroom.com.au/podcasts046   Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.