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

Real estate cycles can be challenging to navigate, but understanding what drives them is crucial for anyone wanting to succeed in the industry.

In this episode, we dive into the complex interplay of factors that contribute to the booms and busts of the housing market. Our guest, Eliza Owen, Head of Research at CoreLogic Australia, shares her data-driven insights to help you make sense of the current state of the Australian housing market.

Join us as we explore the impacts of inflation trends, the surprising effects of the pandemic on human behaviour, and more! 

If you want to stay ahead of the curve in the ever-changing real estate industry, make sure to tune in to this episode - it's one you definitely won't want to miss!

Episode Highlights:

00:00 - Welcome to The Elephant in The Room Property Podcast!

01:19 - Our guest for today, Eliza Owen

02:31 - Dangers of past trends vs focusing on high-frequency metrics in real estate markets

06:44 - Surprising impacts of the pandemic on human behaviour and property markets

12:38 - Homeowners explore alternatives to selling amidst pandemic

15:06 - Inflation trends and their impact on the housing market

18:22 - Exploring the unpredictable factors fueling Australia's inflationary spikes

20:04 - Understanding the boom and bust of the expensive property markets in Australia

23:32 - Why Perth and Adelaide are emerging as unexpected property hotspots

29:29 - The importance of context in understanding property transactions

37:22 - Understanding the correlation between medians and home value index

41:00 - How 2023 is looking for Eliza

43:44 - How build-to-rent is reshaping the rental property landscape

45:41 - Can corporations solve Australia's affordable housing crisis?

46:37 - Can better housing availability improve retirement security for renters?

48:06 - Housing affordability crisis in Australia: Proposed solutions and challenges

56:49 - Eliza’s recent property Dumbo

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• FREE Mapping the Market Report (https://www.corelogic.com.au/our-data/mapping-market)
• FREE Monthly Housing Chart Pack (https://www.corelogic.com.au/news-research/reports/monthly-housing-chart-pack)

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Housing is a fundamental aspect of our lives, fulfilling the basic human need for shelter. Despite this, many individuals and families still struggle to find affordable and adequate housing. In this episode, Jeremy McLeod, founder of Breathe Architecture and co-founder of Nightingale Housing joins us as he brings his wealth of knowledge in the real estate industry and his unique approach to prioritising affordability and sustainability all whilst reducing risks for new apartment buyers.

Together, we delve into the Nightingale Housing project, a revolutionary zero-carbon community that combines affordability, sustainability, and community building. This project serves as a testament to the fact that sustainable living can be achieved without breaking the bank. Jeremy and his team hope to inspire others to adopt a similar approach through their successful implementation of this project.

So tune in now to learn more about this innovative community and how it proves that affordability and sustainability can coexist and thrive together. Don't miss out on this enlightening conversation about the future of housing and sustainable living.

Episode Highlights:

00:00 - Introduction

01:17 - Who is Jeremy Mcleod?

03:02 - Jeremy's passion for sustainability led to the creation of Breathe and Nightingale Housing

07:46 - The beginnings of the Nightingale project — Nightingale Apartments

09:59 - Jeremy challenging the urban sprawl with sustainable solutions

12:20 - The benefits of fostering connected communities

15:42 - Reducing apartment prices by building zero-car, zero-carbon neighbourhoods

20:27 - Sustainability vs affordability: Examining the factors behind Nightingale’s sales

25:13 - How Nightingale grew its market by building trust with potential buyers

28:57 - Why Nightingale still keeps selling

32:05 - The goal of Nightingale Housing

33:56 - Looking to make better, and more informed property decisions?

35:03 - Addressing the elephant in the room by delivering innovative solutions

45:56 - How Jeremy plans to protect affordable housing for the long-term

48:01 - Is living in a Nightingale ideal for everyone with differing political ideologies?

49:57 - Why Nightingale Housing is unavailable in Sydney

52:55 - What’s Jeremy’s property Dumbo?

About Jeremy McLeod:

Jeremy McLeod is the Director of Breathe, a top sustainable architectural studio in Australia with over 20 AIA awards. He's also a Co-Founder of Nightingale Housing and Head of Partnerships at Goodbye Gas. Jeremy advocates for affordable and carbon-neutral housing, urging industry and government to do better in response to the country's housing and climate crisis. He's passionate about a net zero emissions future and believes architects can drive positive change through collaboration.

Connect with Jeremy McLeod:

• LinkedIn
• Breathe Studio

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• How to Avoid a Climate Disaster by Bill Gates https://amzn.to/3JZ1LLB

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

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Most people know they have to do the most basic due diligence when buying a property.

But how do you know if you can rely on these reports? Are there industry standards that must be adhered to? Do inspectors need to be appropriately qualified and licensed? 

Are these due diligence reports truly comprehensive and highlight any potential issues?

Michael Ferrier, Founder and MD of EYEON Property Inspections, joined us with our hosts, Veronica Morgan and Chris Bates. We dive deep on these topics and more today. So tune in while we pull back the curtain on property due diligence reporting and what you need to look out for when buying your next property.

See you in the episode!

Episode Highlights:

1. Welcome [0:00]
2. How are things changing at the two levels of the market? [2:07]
3. Ensuring you’ve got the consistency of information. [7:40]
4. The importance of follow-up support in the inspection process. [11:56]
5. When an agent is on the front foot about a crime [17:32]
6. Preventing a strata manager from withholding information from the inspection report [22:47]
7. What’s the biggest issue in New South Wales? [28:06]
8. Putting yourself in a buyer’s shoes [33:41]
9. Requirements for building and pest reports [37:41]
10. Average downloads of a building inspection report [43:11]
11. The importance of having a building and pest inspection document. [50:12]
12. What happens when a client has two wrong strata experiences? [56:07]

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: www.veronicamorgan.com.au
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: [email protected] 
• Send in your questions to: [email protected] 

Resources:

 https://www.theelephantintheroom.com.au/podcasts/267

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

As recognition of the need to reduce our carbon footprint grows, the task of creating change becomes increasingly pressing. 

Upgrading our built environment to be more sustainable presents one of the biggest challenges we face today. 

But how do we retrofit existing buildings, and who is responsible for making these changes?

Join Veronica Morgan, Chris Bates and guest Professor Sara Wilkinson, a highly regarded expert in her field with a BSc, MA, MPhil, Ph.D., FRICS, and AAPI, as they delve into the crucial topic of reducing your property's carbon footprint.

They also get into the significant role buildings play in carbon emissions. They discuss practical solutions for retrofitting, also addressing various related topics.

In this valuable episode, gain a deeper understanding of the importance of reducing your carbon footprint and learn about the actions you can take to make a difference. 

Watch the entire episode now to find out more!

Episode Highlights:

1. Welcome [00:00]
2. Why are we becoming more aware of climate change? [3:53]
3. The Best way to approach Retrofitting [9:35]
4. Consumers are prepared to pay more for the highest energy rating homes. [14:31]
5. Where Could We Get the Best Bang for Your Energy Bill? [19:44]
6. What happens if you ban the plastic bag? [22:58]
7. Separation of the premium paid for the green housing from the green features? [37:25]
8. Issues with older Australians passing on their homes [53:21]
9. The New South Wales government’s initiative to convert older buildings [54:51]
10. Sustainability is a moving target. It needs to be government-driven. [57:15]

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: www.veronicamorgan.com.au
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: [email protected] 
• Send in your questions to: [email protected] 

Find this episode on our website:

 https://www.theelephantintheroom.com.au/podcasts/266

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

This is our Suburb Help Report for January 2023 and we'll be looking at what property investors need to know when they're looking at investing across the country.

In this episode, we'll be discussing green shoots in the property market. Yes, you heard me right. It's been all doom and gloom throughout 2022 with regular predictions of 15% price falls, but the data is suggesting a different story in some parts of the market.

We are joined today by Kent Lardner, a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China.

Link to Kent's website:

• http://www.suburbtrends.com

Episode Highlights:

1. Suburb Health Report Introduction [00:00]
2. Introduction To The Elephant In The Room [00:25]
3. Introduction To Kent Lardner [01:06]
4. How Many Properties Do You Think Would Be In An Essay Trilogy Around The Country? [02:24]
5. Conflict Composition Or Bias Is A Real Issue In Downturns [07:14]
6. What's The Average Fall Since Their Peak In The Capital Cities? [09:25]
7. What's happening In The Sydney And Adelaide Markets? [10:42]
8. Buying A House In New Town On The Weekend [13:42]
9. What's Changed In The Sydney Suburbs Since Peak? [15:16]
10. How Many Months Of Inventory Does It Take To Get Equilibrium? [22:51]
11. How Bank Discounts Are Counteracting The Rate Increases [25:15]
12. Are There Areas That Have Peaked In The Last Couple Of Months? [27:54]
13. Is The Affordability Argument Sustainable Now? [30:45]
14. How High Rates Are Making People More Cautious And Makes People More Picky [34:29]
15. What's Happening In Tea Tree Gully? [38:36]
16. What Are The Implications Of More Investors In The Market? [41:44]
17. Why Stay In The Country When You Can Go Anywhere? [45:53]
18. The Importance Of Quoting In The Current Market? [52:45]

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: www.veronicamorgan.com.au
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: [email protected] 
• Send in your questions to: [email protected] 

Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/265

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

How has the Brisbane property market changed in the wake of Covid? Can we now count it as one of the big guns, along side Sydney and Melbourne? Or is the recent boom set to be short lived?

In today's episode, we are joined by Melinda Jennison,  who is possibly the only buyer's agent with a PHD. Which means she brings a research lens to strategy development and advice.

Melinda shares what has been happening in the Brisbane property market, what makes it tick… and what potentially could be expected for 2023. Discover if Brisbane really is now in the same league as Sydney and Melbourne. Let's find out.

See you in the episode!

About our guest:

Melinda Jennison is a Brisbane Buyer's Agent or Advocate, she works with time poor professionals who are looking to find their ideal home, an investment property that will deliver on capital growth or rental yield requirements and small development opportunities in the Brisbane real estate market.

Link to Melinda’s website:

• https://streamlineproperty.com.au/

Episode Highlights:

1. How has the Brisbane property market changed in the wake of Covid? [00:00]
2. Introduction To The Elephant In The Room [00:10]
3. Introduction To Melinda Jennison [00:51]
4. Stagnant Activity  [02:24]
5. Surge Of Buyers Unexpectedly [03:33]
6. Low Listing Environment [05:17]
7. Pressure On The Rental Market [08:01]
8. What’s happened in Greater Brisbane since the start of Covid. [08:24]
9. Is Brisbane becoming a big grown-up city not a regional town anymore? [14:26]
10. What would people want in Brisbane? [18:11]
11. South facing is the most desirable orientation in Queensland. [33:58]
12. What’s happening to the investment side of the market? [40:40]
13. Are investors running for the hills in these markets? [44:49]
14. Why we go nowhere near these types of agents [53:07]
15. Who’s going to buy the property if you have to sell it? [56:54]

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: www.veronicamorgan.com.au
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: [email protected] 
• Send in your questions to: [email protected] 

Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/264

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

A vendor's advocate represents you in the sale of your home or any investment property. Their work is to give you peace of mind and confidence by ensuring your selling agent is actually working for you and doing everything possible to achieve the highest price for your property.

In today's episode, we are joined by Fiona Martin, owner and director of Golden Alliance. Fiona has been in the industry for nearly 15 years now and we're thrilled to have her on the show to educate us more on Vendor Advocacy.

Tune in as we elaborate further on what a Vendor Advocacy does, how do they create a positive impact in the property investment community and so much more!

See you in the episode!

About our guest:

Fiona Martin is the owner and director of Golden Alliance - a licensed real estate agent who has been in the industry for nearly 15 years. Fiona is one of only a handful of agents who only do the end vendor advocacy, nothing else. 

Link to Fiona’s website:

• https://goldenalliance.com.au/

Episode Highlights:

1. 00:00 What Is A Vendor Advocate?
2. 00:19 Introduction To The Elephant In The Room
3. 01:00 Introduction To Fiona Martin4.
4. 03:35 It’s A Collaboration Between The Agent, Vendor and, Vendor’s Advocate
5. 05:03 How Do You Know If An Agent Is Doing Their Job?
6. 06:30 Not Needing To Check Up During Campaigns
7. 10:04 Good Vendor Advocacy
8. 13:59 How Did You Feel About The Recent Boom In Property Selling?
9. 25:27 Beginner Experience As A Property Seller
10. 27:41 Buyer’s Agent Lack Of Experience
11. 33:52 Agents Common Mistakes In Selling
12. 41:08 Real Estate Matters More Than Ever
13. 45:23 Market Catch Up

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: www.veronicamorgan.com.au
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: [email protected] 
• Send in your questions to: [email protected] 
• Youtube Channel: https://www.youtube.com/channel/UCy5458Q5ObYFeQ8UJJchaRQ

Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/263

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Many Buyers Agents work hard to attain their qualification... only to find themselves feeling unequipped to actually do their job well, and advocate for what might be the biggest decision of their client's lives.

No career is easy, and the role of Buyers Agent is no exception. Long hours, constant property hunting, uncertain income, endless research... the list goes on.  In an industry full of lone rangers and micro-businesses with limited resources, it's hard for people starting off to find employment and learn from experienced practitioners.

This episode is for you, whether you're currently working as a Buyers Agent, thinking of becoming one or considering hiring one. We discuss the difference between those who learn purely through trial and error and those who benefit from being mentored. 

See you in the episode!

Episode Highlights:

00:21 Welcome to the Elephant in the room (Introduction)

00:39 Chris Bates introduction

01:39 Chris Working As A Buyer's Agent

06:39 Lack of knowledge from a buyer's agent

10:38 Having A Buyer's Agent Just Saves You More Time

15:20 Buyer's agents choosing buyers

17:22 Short term measures in properties

20:42 Doing the extra mile for clients

24:11 Learnings of a buyer's agent

33:18 The capability of one buyer's agent - by the book

39:39 What to look for in an agent? Here's a tip for you!

41:54 Limitations in the property business

46:59 Motivation and mentality

47:32 What I want, I bargain and I get it.

56:37 Your guide in buying a property

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: www.veronicamorgan.com.au
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: [email protected] 
• Send in your questions to: [email protected] 

Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/262

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

See omnystudio.com/listener for privacy information.

Truthful and honest real estate agents are a rare commodity in the property market. 

Finding agents willing to call a property what it is, for the sake of the people involved, and not just about the potential commissions one could make is quite challenging. 

And so we’ve brought in David Murphy, a genuine career agent who has captured our attention through his weekly newsletters that cut through the crap, to join us in our episode today.

We talk about his very matter-of-fact approach as a real estate agent, his sharp and honest perspective on the behaviours displayed by buyers and sellers alike, and why people are at the heart of real estate (not houses). 

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]!

See you in the episode!

Episode Highlights:

1. Welcome to The Elephant In The Room [00:00]
2. Truth and honesty are what people want in agents [2:10]
3. How sellers can pick the right agent [6:46]
4. Dealing with property issues with the seller [10:33]
5. Unrealistic expectations during the buying and selling journey [15:15]
6. Agents using fear during a market that turns down [16:35]
7. Understanding the power of established markets [21:30]
8. Frustrating buyer behaviour [24:36]
9. What if agents show preference over buyers [27:52]
10. The bigger picture of real estate [33:06]
11. What is really frustrating with vendors [37:02]
12. Buyer’s agents [43:07]
13. Is every property a good property? [46:19]
14. The drive behind David’s resilience to stay independent [52:13]
15. Access to people makes a real estate agent’s job worth it [57:13]

About our Guest:

David Murphy’s passion for property saw him join a successful local agency at just 19, where he was trained and mentored by one of the area’s leading real estate identities and received numerous sales awards.

David’s drive to make his mark on the industry saw him start his own agency in 2007, bringing his honed sales expertise and intimate local knowledge to his network of clients. Since then he has proudly nurtured a close-knit team who are known for championing an exceptional client experience in addition to achieving market-leading results. David now regularly rates among the most recommended agents and agencies in Mosman according to ratemyagent.com.au.

Both the agency’s sales business and the property management department that followed have grown organically over time, driven by a corporate culture that is encouraging, progressive and client centric. Achieving his goal of becoming the leading independent agency in Mosman, David is dedicated to giving back to the local community that has been so supportive of the agency.

A lifelong Lower North Shore local, he thrives on building relationships and relishes the challenges of negotiations, aiming to position himself as a trusted long-term real estate advisor to his clients.

Connect with Us:

• 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: [email protected]
• Send in your questions to: [email protected] 

Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/261

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

See omnystudio.com/listener for privacy information.

We may soon be able to hop in an air taxi and cross the city in a fraction of the time it takes to cross congested roads thanks to driverless cars and drone deliveries.

How will this affect our airways? Does it affect the view, the noise, or the privacy? Or safety? What effect will this have on property values?

In this episode, The CEO of Skyportz, Clem Newton-Brown, discussed the possibility of air taxis revolutionizing aviation transportation within the next ten to thirty years. 

He also shared that the idea of air taxis has been in development since 2015, when Uber introduced the concept and many more.

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]!

See you in the episode!

Episode Highlights:

1. Air Taxi Revolution Becoming Mainstream [02:21]
2. Convey Commercially Certified Type Passengers [08:26]
3. The Frontrunners are Already Flying [14:01]
4. The Game Changing Cost [18:18]
5. Federal Governments Interested in Regional Connectivity [20:24]
6. This Aerial Revolution Will Change Tourism [25:17]
7. Building Charging Stations To Be Ready for Electronic Aviation [30:12]
8. Breaking the Annexes Between Aviation and Airport [37:19]
9. Juggling with the Great Unknowns [49:56]
10. The Big Hold-Up are the Regulators [52:50]

About our Guest:

Clem Newton-Brown is the CEO of Skyportz. He has undertaken a new era of advanced aerial mobility in Australia and now in Asia is identifying suitable landing sites that could help establish the initial landing infrastructure. He was Deputy Lord Mayor of Melbourne Member of Victorian Parliament, and barrister specialising in planning and property development. These experiences puts him at the forefront of the emerging aerial mobility industry.Visit the Skyportz to learn more: https://skyportz.com/.

Connect with Us:

• 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: [email protected] 
• Send in your questions to: [email protected] 

Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/259

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

See omnystudio.com/listener for privacy information.