The Elephant In The Room Property Podcast | Inside Australian Real Estate - podcast cover

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

Veronica Morgan & Chris Bateswww.theelephantintheroom.com.au
Who's really in control when you buy a property? The Elephant In The Room is where the things that no one wants to talk about, actually get talked about. Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate. Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property. In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session. The plan? This property podcast has been created to help us all make better property decisions!

Episodes

The Hidden Impact of Airbnb on Housing Affordability and Solutions Ahead

Are short-term rental platforms like Airbnb contributing to the worsening of the housing affordability crisis by reducing the availability of long-term rental properties? This shift towards short-term rentals makes it increasingly difficult for people to find affordable homes, driving up rental prices and increasing housing instability for vulnerable populations. Join us as Karl Fitzgerald, founder and director of Grounded, brings his extensive research to the table. Karl talks about how Airbnb ...

Aug 04, 202449 minSeason 1Ep. 344

Listener Q&A: Investment Property Decisions, Land Tax Variations, and More

Are you grappling with decisions about your investment property? In this episode, we dive into a range of listener questions to provide the insights you need. We’ll explore the impact of land tax variations across different states and discuss the pros and cons of buying in A-grade versus B-grade suburbs. Our discussion also touches on the reasons behind the surge in properties for sale in lifestyle areas post-COVID, shedding light on the market dynamics at play. We tackle the tough decision of w...

Jul 28, 202455 minSeason 1Ep. 343

The Next Decade in Property Demographics: Simon Kuestenmacher Explains

Are you curious about how demographic changes will shape the property market in the coming decade? In this episode, we chat with Simon Kuestenmacher from The Demographic Group to dive into the evolving trends in wealth transfer and their impact on housing. Simon gives us some great insights into the demographic factors affecting today’s wealth transfer, exploring how predictable these shifts are and how major events like COVID-19 change market dynamics. We talk about how baby boomers handle inhe...

Jul 21, 20241 hr 2 minSeason 1Ep. 342

Could a Vendor's Advocate Be Your Real Estate Game-Changer?

Have you ever wondered if there’s a need for vendor advocates or if it’s just another money grab by some players in the real estate industry? Vendor advocacy is a term you may not have heard before, but it’s a service that’s gaining popularity. A vendor’s advocate is an advisor engaged by a person selling their property to help them choose a selling agent to make the selling process easier. Think of them as an agent whisperer. In today's episode, we explore how vendors might benefit the most fro...

Jul 14, 202453 minSeason 1Ep. 341

Real Estate Under Scrutiny: John Minns’ Plan to Restore Integrity

How can integrity be restored in an industry often criticised for its ethical shortcomings? In this episode, we sit down with John Minns, the NSW Strata and Property Services Commissioner, to delve into the measures being taken by the Office of Fair Trading to regulate and improve the real estate sector’s reputation. With an industry plagued by issues ranging from underquoting by sales agents to property managers grappling with rental shortages, and strata managers caught in conflicts of interes...

Jul 07, 202459 minSeason 1Ep. 340

Is Data or Local Insight More Reliable for Property Investments: Suburb Trends June 2024

Ever found yourself torn between relying on hard data or trusting local insights for your property investments? It’s a tough call many investors struggle with, wondering if the numbers can tell the full story or if boots-on-the-ground knowledge is more reliable. In the Suburb Trends Report for the month of June 2024, we dive into the age-old debate of whether numbers or on-the-ground knowledge holds the key to successful property investments. We weigh the pros and cons of both data and local ins...

Jun 30, 20241 hrSeason 1Ep. 339

How to Find the Best Mortgage Broker for You

Choosing the wrong broker can lead to higher costs and missed opportunities. It’s crucial to find someone who doesn’t just process loans but also offers solid advice and guidance. With so many options, it’s tough to figure out who’s genuinely good and who’s just looking to close a deal. So in this episode, we break down how to find the perfect mortgage broker for you. We kick off by explaining the differences between a financial planner and a mortgage broker, helping you make the right choice. T...

Jun 23, 202449 minSeason 1Ep. 338

What 2024 Property Forecasts Got Right – And Wrong: Mid-Year Review

Wondering how the 2024 property forecasts are stacking up so far? Tune in to our mid-year review as we dive into the real estate predictions that nailed it and the ones that missed the mark. In this episode, we dissect the key trends, market shifts, and unexpected twists that have shaped the housing landscape in the first half of the year. Today, we have Louis Christopher with us again to share his insights from the much-anticipated “Boom or Bust” report. Louis has a knack for making accurate pr...

Jun 16, 202453 minSeason 1Ep. 337

Red Flags You Must Know Before Hiring a Buyer’s Agent

How can you distinguish the trustworthy buyer’s agents from the rest in a market flooded with options? With so many buyer’s agents vying for your attention, it's easy to fall prey to misleading promises and hidden agendas. In this episode, we delve deep into the world of buyer’s agents, uncovering the essential red flags every prospective property buyer should be aware of before making that crucial hire. With the real estate market booming and buyer’s agents popping up left and right, it’s more ...

Jun 09, 202455 minSeason 1Ep. 336

What Is Lenders Mortgage Insurance and How Does It Really Work?

Are you curious about what Lenders Mortgage Insurance (LMI) is and how it actually works? Do you wonder if it's necessary and worth considering when purchasing a property, or do you think it's just an additional cost you can avoid? In this episode, we sit down with Strachan Taylor from Helia, Australia’s leading provider of LMI, to delve into the details. We aim to clarify how often claims are made and why, despite its additional cost, LMI can be a beneficial safeguard rather than something to a...

Jun 02, 20241 hrSeason 1Ep. 335

The Hidden Forces Behind Brisbane’s Property Boom

Are you curious about the hidden forces driving Brisbane’s property boom? What impact is the upcoming Olympics having on the property market, and is the construction for the games draining resources from other sectors? Beyond these questions, what else could be behind this sustained period of rapidly rising property prices, and is there any sign of a slowdown on the horizon? Today, we delve into the dynamics at play with Meighan Wells from Property Pursuit. With over 20 years of experience, Meig...

May 26, 202454 minSeason 1Ep. 334

Is Increased Housing Supply the Real Solution to this Housing Crisis?

Could increasing housing supply alone effectively address our current affordability challenges, or is the housing crisis more accurately characterised as just a recurring issue with a new label? In this episode, we sit down with Dr. Cameron Murray, Chief Economist at Fresh Economic Thinking who specialises in property and urban development. We dive into the question of whether the term "crisis" accurately captures the challenges of the housing market, or if it's a situation we've already faced b...

May 19, 20241 hr 3 minSeason 1Ep. 333

Suburb Trends May 2024: How to Spot False Positives in Property Data

In this month's Suburb Trends report for May 2024, we're diving deep into the world of property investment, exploring a critical issue that every investor should be aware of: false positives in property data. With the property market experiencing upward pressure on prices due to low supply, investors risk being misled by appearances, just like the allure of a dimly lit nightclub before the lights come on. Without the ability to distinguish between promising investments and pitfalls, investors ma...

May 12, 202452 minSeason 1Ep. 332

Is Australia’s 1.2M Housing Target Attainable in the Next 5 Years?

As Australia grapples with the ambitious challenge of constructing 1.2 million new dwellings in the next five years, we aim to answer the pressing question: Is this target attainable? We talk about the implications of this challenge, including the need to address housing pressure and determine suitable locations for new developments. Moreover, we discuss the potential impacts of immigration policies on housing demand and supply dynamics. Today's guest is Peter Tulip, Chief Economist at the Centr...

May 05, 20241 hr 1 minSeason 1Ep. 331

What’s Behind Melbourne’s Unusual Property Market Behaviour?

With property values stagnant amidst a backdrop of soaring prices in other cities, we explore the factors contributing to Melbourne's unique market behaviour. Could the city's prolonged lockdowns have played a significant role in shaping its property landscape? What does the future hold for buyers and sellers? Meanwhile, rising rents beg the question: how does this affect the apartment market? Today, Jarrod McCabe from Wakelin Property Advisory joins us to unpack these pressing questions. With m...

Apr 28, 202448 minSeason 1Ep. 330

The Nexus Between Property Taxes and Housing Market Behaviour

Ever wondered why economists seem to favour land tax? What happens if we get rid of stamp duty on houses? And why do some people say negative gearing and capital gains tax discounts are bad? We're here to unpack these questions and more. Join us in this episode as we explore the often-debated topics of negative gearing and the capital gains tax discount with Chief Economist Michael Blythe, whose recent paper, "In Praise of Negative Gearing" has stirred up quite a buzz. We dive into the insights ...

Apr 21, 202459 minSeason 1Ep. 329

What Economic Tensions Are Impacting Australia’s Property Market?

What is driving the relentless rise in Australia's property prices, and how are homeowners managing as the fixed mortgage rates from the COVID era expire? These are important questions as we deal with rising inflation and increasing living costs, so in this episode, we tackle these issues to see how they're affecting both the housing market and potential buyers. Joining us to break down these complex topics is Carlos Cacho, Chief Economist at Jarden Australia. Carlos has a deep understanding of ...

Apr 14, 202455 minSeason 1Ep. 328

Auctions: Common Mistakes Made by Buyers, Vendors & Auctioneers

Ever wondered why people end up spending more than they planned at auctions? What about the missed opportunities for vendors due to ineffective auctioning practices? These common pitfalls not only impact individual transactions but also shape the broader dynamics of the auction process. In this episode, we're joined by award-winning auctioneer Andy Reid to understand why these problems happen at auctions and how to solve them. We explore why people get caught up in bidding wars and what sellers ...

Apr 07, 20241 hr 3 minSeason 1Ep. 327

Can You Rely on a Strata Report Provided by the Vendors’ Agent?

Depending on a potentially biased strata report could lead to problems later on, like unexpected costs or hidden issues with the property. Without clarity on what might be omitted or misrepresented in these reports, buyers risk making decisions based on incomplete or biased information, therefore jeopardising their investment. Today, we are joined by Michael Ferrier, the founder and MD of EYEON Property Inspections — who has been in the property business for more than 15 years now. With a decade...

Mar 31, 202456 minSeason 1Ep. 326

Queensland’s Housing Crunch: What Can Be Done to Ease the Strain?

With Queensland’s housing market facing an unprecedented crunch, many are left wondering: What can be done to ease the strain? The consequences of this housing crisis are far-reaching, affecting individuals, families, and communities across the state because it's not just about finding a roof over your head anymore. With housing prices soaring and options dwindling, the dream of owning a home is slipping out of reach for many Queenslanders. Today, we have Jackson Hills from Q Shelter — Queenslan...

Mar 24, 202458 minSeason 1Ep. 325

Why Is Negative Gearing Making Headlines Again?

Negative gearing and its companion, the capital gains tax discount, have reemerged as hot topics in economic and political circles. But why does it matter? Well, it affects investors, homeowners, and the economy as a whole. There's a lot of confusion about what it all means and what might happen next. In this episode, we explain what negative gearing and the capital gains tax discount are all about. We clear up any confusion and explore why they're in the news again. By the end, you'll have a be...

Mar 17, 20241 hrSeason 1Ep. 324

The Data Conundrum: Brisbane’s Boom, Hobart’s Decline, and Perth’s Renaissance Revealed

The real estate landscape is constantly evolving, and recent data has unveiled surprising trends in Australian cities' property markets. Brisbane's boom, Hobart's unexpected decline, and Perth's resurgence raise intriguing questions and we're unsure if the numbers we're seeing are telling us the whole truth. Are these trends indicative of long-term changes, or are there underlying factors that could challenge our understanding of the data? In this episode, we are once again joined by Eliza Owen,...

Mar 10, 202459 minSeason 1Ep. 323

Rental Pressures in 2024: Analysing Trends and Forecasts

Are rental pressures set to continue in 2024, or is there hope for easing in certain areas? Securing a rental property is becoming increasingly challenging in 2024, posing difficulties for landlords and tenants alike. For property investors, it’s about facing the task of strategically investing their funds. Meanwhile, tenants are faced with the uncertainty of rising rental rates and limited housing options. Today, we are joined by our resident data geek, Kent Lardner to dissect these pressing is...

Mar 03, 202451 minSeason 1Ep. 322

How Do First Home Buyer Incentives Impact Affordability?

Do first home buyer incentives actually help make housing more affordable, or do they unintentionally worsen affordability issues? As the debate surrounding first home buyer incentives continues, we seek to understand their true effect on property prices and overall housing affordability. Governmental interventions, such as lending to first home buyers, raise questions about the source of funding and who ultimately benefits from these policies. Today, we are joined by property valuer, Will Phill...

Feb 25, 202454 minSeason 1Ep. 321

What Are the Unseen Challenges in Managing the Surge of New Dwellings in Strata?

Are we adequately prepared for the consequences of the rapid surge in apartment construction and the subsequent increase in strata dwellings? As we witness a significant increase in the number of new dwellings within strata schemes, it's essential to assess whether our current strata management practices are sufficient to handle the associated challenges. From potential conflicts among residents to the strain on resources and infrastructure, the implications of this rapid growth in strata dwelli...

Feb 18, 202457 minSeason 1Ep. 320

Can YIMBYs Revolutionise Urban Living Without Compromising Quality?

The YIMBY (Yes In My Backyard) movement proposes increasing urban density while maintaining the quality of life. This raises questions about the potential impact on developer profits, the power struggle between YIMBYs and NIMBYs, and the broader implications for city planning and community dynamics. Join us as we talk with Melissa Neighbour, an urban planner, community builder, and the co-founder of Sydney YIMBY. With her extensive experience and expertise in sustainability, Melissa is uniquely ...

Feb 11, 20241 hr 1 minSeason 1Ep. 319

Strata Due Diligence, Manager Woes, Land Tax Strategies, East Coast vs. Perth, and Modular Homes – Listener Q&A Session

Join us in today's episode as we tackle real estate head-on, responding to questions from our listeners that hit close to home. Ever found yourself rushing to perform strata due diligence on a property about to slip through your fingers? We've got you covered with practical strategies for navigating this time-sensitive challenge. And what do you do when your strata manager seems to have disappeared into thin air? We share practical and effective advice on effective communication to break through...

Feb 04, 202449 minSeason 1Ep. 318

Why Are Housing Prices Rising Amidst an Affordability Crisis?

Have you ever wondered why, despite the widely recognised affordability crisis in Australia, housing prices continue to soar? This puzzling situation raises questions about how the housing market works and what it means for those trying to buy a home or invest in property. In today's episode, we talk to senior economist Paul Ryan from REA Group’s PropTrack. Paul's been digging into real estate trends for quite a while, and he's got a practical grasp of the subject. His straightforward insights i...

Jan 28, 202458 minSeason 1Ep. 317

What’s Driving Property Market Moves Among Aussie Expatriates?

Have you been keeping an eye on how the world's reopening is influencing the choices of Australian expats in the real estate market? Wondering if the trend of returning home is on the rise or if new destinations are emerging as hotspots for Aussies living abroad? What's really happening now that the world is opening up again? Are Aussies flocking back home, or are they still loving the expat life? In today's episode, we sit down with Brett Evans from Atlas Wealth Management to get into the real ...

Jan 21, 202452 minSeason 1Ep. 316

Investor Alert: Is the Current Surge in Perth a Boom or a Bubble About to Burst?

How reliable is the data behind Perth's property boom, and what does it truly tell us about the future of this market? Is the market genuinely booming, or are we looking at a bubble that's about to pop? Today, we take a look at Perth's bustling real estate scene with Ray Chua, a seasoned buyers agent who's right in the thick of it all in Perth. He brings us the inside scoop by breaking down what's really driving the spike in property values in this vibrant city. Ray's got his finger on the pulse...

Jan 14, 202455 minSeason 1Ep. 315