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

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 and arguments he presents and uncover the nexus between property taxes and housing market behaviour.

Whether you own a home, rent, or just want to know more, this episode is for you. Hit play and let's get into the nitty-gritty of property taxes and the housing market!

Episode Highlights:

00:00 - Introduction

01:06 - Who is Michael Blythe?

01:43 - What role does tax play in property market challenges?

03:49 - Historical context: Negative gearing and CGT discounts

10:03 - Did property prices really slow down without negative gearing?

17:06 - How has the ACT's taxation change affected property prices?

25:37 - The pros and cons of an expensive property market from a societal standpoint

29:46 - Is negative gearing detrimental to both home buyers and renters, as some argue?

34:36 - Where does the economy currently stand in terms of inflation control?

37:37 - Is the economy headed for higher prices and a cost-of-living crisis?

40:00 - The limitations of using interest rates as a tool to manage inflation

44:17 - The downsides of downsizing

50:29 - How does the aged care system impact housing availability?

52:04 - The interplay between property investing, negative gearing, and taxpayer costs

57:27 - Michael Blythe’s property dumbo

About Our Guest:

Michael Blythe is a respected Chief Economist and senior executive with extensive experience in economic policy and financial markets. He has worked across both Commonwealth Bank of Australia and Reserve Bank of Australia and brings great knowledge of, and insight into, the Australian and global economy, economic policy and markets.

Connect with Michael Blythe:

• LinkedIn https://www.linkedin.com/in/michael-blythe-272a1688/
• Website https://www.downsizer.com/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 Australian economics, especially banking and housing markets, thanks to his previous roles at UBS Australia and Colonial First State Global Asset Management. He holds a Bachelor of Economics and a First Class Honours in Economics from the University of New South Wales, making him a highly credible voice on these matters.

Make sure to tune into this episode for a thorough analysis of the current economic pressures on Australia's property market and what they could mean for the future. Equip yourself with the insights needed to better understand these challenging economic times.

Episode Highlights:

00:00 - Introduction

01:08 - Who is Carlos Cacho?

01:30 - What led Carlos to oppose the common view on reducing serviceability buffers?

06:20 - Does lowering the serviceability buffer improve affordability or just increase prices?

08:48 - Will increasing urban density in Sydney truly improve housing affordability?

12:40 - What factors contribute to continued property price increases in most cities?

18:35 - Key differences in the apartment and house markets in major cities

20:36 - Do seasonal trends affect real estate listings?

26:43 - Will higher interest rates persist longer than anticipated?

32:05 - Could we see a return to the economic conditions similar to those before 2022?

36:27 - Is climate change becoming a big driver for investment around the world?

38:44 - The impact of high interest rates on economic stability over the next decade

44:15 - What are the anticipated migration trends for the upcoming years?

50:38 - Are we meeting our labor demands through skills migration?

52:05 - Carlos Cacho’s property dumbo

About Our Guest:

Carlos Cacho is Chief Economist and leads Australian bank research at Jarden in Australia. Carlos’ research covers all things Australian Economics and Banks, with the strong focus on the housing market. Prior to joining Jarden, Carlos spent three years as Australian Economist at UBS Australia, and previously five years at Colonial First State Global Asset Management. Carlos holds a Bachelor of Economics, as well as a First Class Honours in Economics from the University of New South Wales. 

Connect with Carlos Cacho:

• LinkedIn https://www.linkedin.com/in/carlosscacho/
• Website https://www.jardengroup.com.au/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 can do to get better results, then break down the tricks of the trade and give you practical tips to do auctions smarter.

Tune in to gain a competitive edge in the fast-paced world of property auctions and learn how to avoid the common mistakes that can cost you money. Join us for a chat that could change the way you approach auctions.

Episode Highlights:

00:00 - Introduction

01:04 - Who is Andy Reid?

02:14 - Is it true that the buyer with the deepest pockets always wins the auction?

06:30 - Examples of auctions benefiting buyers more than sellers

09:51 - How does an auctioneer provide value with limited preparation time?

11:20 - What insights does an auctioneer gain from reviewing auction contracts?

17:27 - What briefing can buyers expect from agents before auctions?

22:45 - Auctioneer strategies in balancing silence and pace in auctions

25:46 - Why buyers should research the auctioneer before attending an auction

30:20 - Stories of shocking auctioneer mistakes

34:25 - Understanding vendor bids: their purpose and usage by auctioneers

39:44 - The legislative aspect of negotiating at the reserve price in Victoria

47:37 - Passing in a property at auction

50:19 - Declaring a property "on the market" during an auction

55:28 - Andy Reid’s property dumbo

57:43 - Final advice for auction bidders and one major mistake to steer clear of

About Our Guest:

Andy Reid is an award-winning sales coach and top auctioneer in Real Estate known for his emphasis on emotional intelligence and mental health advocacy. Recognized as the Australian Auctioneer of The Year in 2022, Andy owns a thriving auctioneering business serving over 130 agents/agencies in Metro Melbourne. With a 'human first, agent second' approach, he has helped thousands of homeowners navigate Real Estate transactions. Andy's commitment to community extends to raising over $3 million for charities since 2015, making a difference through public speaking, auctioneering, and networking. As an ambassador for mental health charity '100 Words - Mate To Mate,' Andy promotes professional success while highlighting the importance of emotional and intellectual intelligence.

Connect with Andy Reid:

• Website https://andyreid.com.au/
• LinkedIn https://www.linkedin.com/in/andyreidcoaching/
• Instagram https://www.instagram.com/andyreidcoaching/
• Facebook https://www.facebook.com/andyreidcoaching

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 and a half dedicated to perfecting property inspections, Michael's here to help us decipher the characteristics of a reliable report and whether or not it's smart to trust them from the seller's side.

Michael explains what needs to be seen in these reports and how they can help you decide if you want to buy a place. He talks about looking for missing info and warning signs that could mean trouble later on.

So, if you're thinking about buying a place—whether it's your first time or not—this episode is for you. Tune in as we break down strata reports and learn how to make smarter choices when it comes to buying property.

Episode Highlights:

00:00 - Introduction

01:03 - Who is Michael Ferrier?

01:57 - Thoughts on the issues surrounding strata companies about potential misconduct

04:50 - Strata managers’ fees haven’t gone up in 15 years

07:27 - Do undisclosed commissions have an impact on strata reporting?

13:15 - Statutory regulations regarding strata management in NSW

14:35 - Who writes a strata report? Do they need to be qualified?

17:06 - What do buyers typically do once they get a strata report?

21:48 - What does a strata report look like?

25:13 - Red flags you need to spot in a strata report

30:05 - Will properties with clear strata info soon fetch higher prices?

32:23 - Determining a good, moderate, average strata report

36:13 - Key factors to focus on when assessing insurance details in strata reports

39:07 - What are the consequences of owners' reliance on underpaid strata managers?

41:46 - How are strata managers handling maintenance issues in aging buildings?

47:26 - Insights on urban development and zoning regulations

49:09 - Michael Ferrier’s property dumbo

About Our Guest:

Michael Ferrier is the founder and MD of EYEON Property Inspections. Michael founded EYEON because he saw the opportunity to turn a cottage industry into a professional level service, offering high quality reports and outstanding customer support to property buyers and sellers. Michael has over 35 years of experience across government policy, financial services, banking, franchising, building small businesses, and, of course, property. A keen golfer and rugby nut, Michael says that finding solutions to common problems is very rewarding. The challenge is that solutions often require a change in behaviour.

Connect with Michael Ferrier:

• Website: https://www.eyeon.com.au/
• LinkedIn: https://www.linkedin.com/in/mferrier/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at:
• The Elephant in the Room Property Podcast - [email protected]


• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 — Queensland’s leading authority on housing and homelessness services. With years of experience and expertise in the field, you can trust him to give us the lowdown on what's really going on.

Tune in as we break down the housing crisis in plain and simple terms and figure out what we can do to make things better. Your home is your sanctuary – let's work together to keep it that way.

Episode Highlights:

00:00 - Introduction

01:05 - Who is Jackson Hills?

02:08 - Making sense of the complex issues on Australia’s housing crisis

05:18 - How can we promote inclusive housing policies that benefit all sectors of society?

09:20 - What are some of the more acute housing problems in Queensland vs other states?

13:36 - Understanding the impact of oversupply concerns on property prices

15:31 - How feasible is the build-to-rent sector considering current challenges?

19:19 - What factors are influencing landlords' decisions to increase rents?

21:49 - Ways governments can aid build-to-rent and community housing?

24:50 - Can private developers profitably engage in build-to-rent on government-owned land?

32:03 - How can developers contribute to designing inclusionary planning frameworks?

37:37 - Understanding the universal housing continuum

42:29 - Insights on rising rental prices resulting in displacement

45:45 - Are there any developers focusing on more than just selling or renting units?

48:20 - Jackson Hills’ property dumbo

About Our Guest:

Jackson Hills, Manager of Policy and Strategic Engagement at Q Shelter, brings over 15 years of experience in not-for-profit and community organisations, previously serving with Tennis Australia, the AFL, and the Australian Sports Commission. With a master’s in business administration from SCU and accreditations from the AICD, Jackson leads efforts at Q Shelter, Queensland’s primary body for housing and homelessness services. He also serves on the Board of Common Ground Gold Coast, the executive committee of National Shelter, and advises at Collective Leisure, alongside mentoring at the Gold Coast Youth Service.

Connect with Jackson Hills:

• LinkedIn https://www.linkedin.com/in/jackson-hills-3702a825/
• Website https://qshelter.asn.au/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 better grasp of these topics and what they mean for you.

Tune in to learn why negative gearing is making waves and what it could mean for your finances. Whether you're a seasoned investor or just curious, this episode will give you the insights you need to understand the headlines.

Episode Highlights:

00:00 - Introduction

02:06 - Why is negative gearing back in the headlines again?

04:40 - What are some of the unintended consequences of negative gearing?

06:28 - What is negative gearing?

10:22 - Why is negative gearing controversial?

12:30 - Understanding property investment yields and capital growth

16:49 - Capital gains concession tax and how it works

20:30 - How can investors benefit from changing the capital gains tax

27:30 - How could modifications in negative gearing influence the property market?

33:36 - Is it true that negative gearing contributes to making housing less affordable?

40:01 - How do these tax changes affect the housing market?

44:46 - Are there potential repercussions in removing negative gearing?

47:25 - How can borrowing capacity reductions slow down portfolio investors?

50:29 - Do current tax rules reward "bad behaviour" in property investment?

55:24 - Chris discusses the potential negative impact of attacking negative gearing

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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, the Head of Research at CoreLogic Australia whose vast experience in housing market research makes her an authority on key issues such as housing affordability, credit conditions, and the impact of external factors like the COVID-19 pandemic on the housing market.

If you're thinking about buying or selling a house, this episode could help you make better decisions. So join us and gain a better understanding of the data conundrum shaping Australia’s property market landscape. Let’s get started.

Episode Highlights:

00:00 - Introduction

01:14 - Who is Eliza Owen?

02:22 - Are experts predicting positive trends for the housing market in 2024?

05:17 - How can Brisbane's dwelling values be higher than Melbourne's despite lower prices?

12:01 - What factors are driving the shift in migration patterns away from Sydney?

14:11 - Differences between Brisbane, Hobart, and Perth's property markets

17:48 - Understanding the factors influencing property prices beyond internal migration

19:19 - What factors influence borrowing capacity for property purchases?

21:36 - How is investor behaviour impacting the stability of the housing markets?

25:38 = Criteria used to identify rentvestors and owner-occupiers in the housing market

28:03 - Understanding Eliza’s women and property report

40:29 - How research methods account for women who co-own properties with male partners

50:44 - How financial literacy influences consumer response to reduction in interest rates

53:52 - What changes have occurred in property market drivers since Eliza started?

About Our Guest:

Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets.

Connect with Eliza Owen:

• Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/
• Visit their website: https://www.corelogic.com.au/

Resources mentioned in this episode:

• CoreLogic Australia’s Women and Property Report 2024 https://www.corelogic.com.au/news-research/reports/women-and-property-2024

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 issues. With Kent's expertise in analysing real estate trends, he brings invaluable insights into the factors shaping the rental market landscape in 2024.

Tune in to get some helpful tips and actionable takeaways in dealing with the rental market in 2024.

Episode Highlights:

00:00 - Introduction

01:00 - Kent's approach to investigating the outlook for the rental market in 2024

04:41 - The difference in gathering and reporting rental data compared to sales data

06:32 - Analysing the current state and potential future developments in the rental market

09:06 - The challenges of housing affordability and the resulting trends

14:07 - Rental trends in the context of affordability and price increases in various capital cities

18:55 - Key factors influencing equity and borrowing capacity for investors

21:12 - Does prefab construction offer a solution to housing affordability?

26:09 - The dynamics of affordability and price increases in Brisbane, Melbourne, Sydney

30:27 - Why is the majority moving OUT of Sydney?

34:45 - Displacement in the rental market and its implications on supply and demand

36:43 - The potential impacts of legislative reforms on rental data transparency

42:23 - What role should policymakers play in addressing rental insecurity?

43:45 - What steps can be taken to ensure equitable access to affordable housing for all?

About Kent Lardner:

Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media.

Connect with Kent Lardner:

• Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner
• Kent Lardner’s Website: https://suburbtrends.com/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.

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 Phillips — whose extensive research and expertise in property valuation brings valuable insights into how first home buyer incentives are affecting the housing market.

Tune in to this episode as we explore the complexities of first home buyer incentives and gain a deeper understanding of how these policies are affecting housing affordability and the broader socio-economic landscape.

Episode Highlights:

00:00 - Introduction

01:04 - Who is Will Philips?

03:25 - Why does Perth exhibit higher rates of homeownership in contrast to other areas?

09:34 - How Will separated macro-environmental factors from incentives in his research

14:24 - Do Perth residents benefit from simplified housing access?

16:46 - What's the impact of keystart loans on suburban financial trends?

19:39 - Do incentives create imbalance between new and established markets?

22:17 - What challenges do homeowners in suburbs face amid recent price changes?

26:45 - Examining the correlation between mortgage rates and long-term unemployment

30:44 - Additional questions arising in the discussion about homeownership and employment

37:20 - What's Will's take on Perth's investor appeal amid changing market factors

39:54 - Will's philosophy on assessing risk and return in property investment

42:48 - How does owner-occupier appeal differ between Perth and Southeast Queensland?

47:01 - Exploring the relationship between market dynamics and build quality

49:05 - Will Phillips’ property dumbo

About Our Guest:

Will Phillips is a property valuer with a 15-year career spanning Australia's diverse landscape. Beginning in South-East Queensland, he assessed properties in urban and remote areas before gaining unique insights in Outback NSW, Outback QLD, Coastal QLD, and Western Australia. Coupled with a Master of Economics (2023), Will dedicated his "spare time" to a 20,000-word dissertation investigating the impact of the mining industry, first home buyer grants and low deposit home loans on Western Australia's property market over the past 20 years. His extensive experience equips him with unparalleled insights into regional dynamics and market cycles across Australia.

Connect with Will Phillips:

• LinkedIn https://www.linkedin.com/in/will-phillips-cbre/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

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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 dwellings are far-reaching and require careful consideration.

Today, we're joined by Michael Teys, an experienced consultant who specialises in strata management. With over three decades of hands-on experience in the field, Michael has a deep understanding of how strata systems work. He's also written several easy-to-understand books about strata management and has helped lots of strata communities with his expert advice.

Don't miss out on this opportunity to gain a deeper understanding of the evolving landscape of strata management – tune in now!

Episode Highlights:

00:00 - Introduction

01:07 - Who is Michael Teys?

01:48 - How does Australia stand out in terms of strata?

05:26 - Will Sydney continue to see more buildings deemed unsafe?

09:00 - Could individual past owners of buildings face lawsuits for building neglect in Australia?

12:03 - What can Australia learn from global solutions for building issues?

17:31 - The importance of having more proactive steps for Australian strata issues

21:19 - Why and how the government could potentially help in addressing strata issues

29:34 - What can be done to improve the strata property purchasing processes?

35:15 - What property investors and home buyers should understand about strata levies

36:29 - How do global policies tackle strata safety and developer accountability across borders?

39:37 - How can potential buyers obtain reliable safety information about strata properties?

44:49 - What strategies could be considered to ensure building safety remains a priority?

49:56 - Where to find hope amidst the challenges and discussions within the strata community?

52:50 - Michael Teys’ property dumbo

About Our Guest:

Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals.

Connect with Michael Teys:

• Website https://michaelteys.com/
• LinkedIn https://www.linkedin.com/in/michaelteys/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at:
• The Elephant in the Room Property Podcast - [email protected]


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