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

A core focus of the podcast has been to uncover who you can trust and who should you avoid when buying property. Today we are joined by Daniel Butkovich, Money & Advice Editor at Domain. He writes about buying, selling, renovating and investing in property to help educate people, whether they’re just starting out or have owned property for a while, with the aim of helping to inspire confidence in all life’s property decisions.

The Australian property market is highly unregulated despite being the preferred investment vehicle for millions of Australians. In such a prosperous but uncontrolled market how do property buyers looking to purchase their first or next set of bricks and mortar do so safely? What should buyers avoid and who should they talk to when mapping out their movements in the market?

RELEVANT EPISODES:Episode 175 | Moving regionally: Will it last and will it be sustainable? | Kirsten Craze Episode 168 | Listener Q&A: How to buy your first investment property Episode 166 | Gamestop, interest rates & investing | Scott Phillips

GUEST LINKS:https://www.domain.com.au/advice/

BEST ARTICLES - DOMAIN:

• What could make property prices slow down?

• How to keep your first property as an investment (and why most home owners don't do it)

• How to use equity to pay for a car, boat, wedding, holiday, or investment property

• Tightly held: Why some neighbourhoods are so good that owners don’t leave

• Money tricks to turbocharge your savings and boost your buying power

• Refinance, upgrade or both? What home owners should do while rates are still low

• Are fixed-rate home loan deals below 2 per cent too good to be true?

• How to estimate the value of a home when the property market is rising

• How to determine the value of your home

• How much does it cost to sell a house?

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021.

https://www.theelephantintheroom.com.au/podcasts/189

See omnystudio.com/listener for privacy information.

In this episode, we chat through our favourite new metric, the ‘tightly held index’. This metric quantifies the amount and type of property that are currently held long term including additional data points that maps out the possible reason for these properties being tightly held. 

Kent breaks down the data of recent suburb price movement, looking out how the demand for regional property has shifted from 2 months ago. We also scope out the Brisbane market and the future of this relatively infant capital city market.

Here’s what we covered:

• What is the tightly held index?
• How does this index predict future property movements?
• What are the potential causes for the property being held long term?
• What changes in the market will increase the supply of property?
• What areas have the lowest stock level?
• Why are specific properties being held and are they worth holding?

RELEVANT EPISODES:Episode 186 | Online Auctions | Jesse Davidson Suburb Trends July 2021 | Best metrics to measure growth? Episode 171 | Pain & Gain Q4 2020: Who suffered and who triumphed? | Eliza Owen

LINKS:www.suburbtrends.com https://www.suburbtrends.com/suburb-reviews

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in August 2021.

https://www.theelephantintheroom.com.au/podcasts/st13

See omnystudio.com/listener for privacy information.

We’ve invited Rob Broadhead, CEO of 2020 Fire Protection; member of NSW Govt’s Fire Safety Steering Committee and a Board Director of the Fire Protection Association of Australia. Rob has been in the fire protection industry since 1992, and has contributed to Australian Standards and helped draft fire protection training for Strata and Facility Managers.

Rob is passionate about improving general knowledge around fire safety so building occupants and owners can make good decisions about fire protection before the worst occurs.

RELEVANT EPISODES:Episode 176 | Developers are in the Government’s crosshairs | David Chandler Episode 113 | What’s behind the wall?: 85% of developments have defects | Dr. Nicole Johnston Episode 103 | Strata owners - rights & obligations | Amanda Farmer

GUEST LINKS:https://www.2020fireprotection.com.au/Here is the NSW Fire & Rescue data:  https://www.fire.nsw.gov.au/gallery/files/pdf/annual_reports/annual_report_2019_20.pdf Here is an old video showing the difference in time from ignition to flashover between a modern furnished room & a legacy furnished room. https://www.youtube.com/watch?v=LsReYgKpHbE

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021.

https://www.theelephantintheroom.com.au/podcasts/188

See omnystudio.com/listener for privacy information.

Joining us today to discuss the aftermath of lockdowns in Melbourne on the property market is Jarrod McCabe, buyers agent and director of Wakelin’s Property Advisory. Jarrod’s property career spans two decades covering valuations and investment advice and has played a critical role in adapting to purchasing property during periods of lockdown. 

With no better expert, Jarrod discusses how last years lockdown impacted the property market and draws similarities to the current wave including what buyers and sellers should expect from the aftermath.

RELEVANT EPISODES:Episode 180 | Are buyers agents worth the cost? | Cate Bakos Episode 159 | Why hasn’t the property market crashed? | Eliza Owen Episode 42 | How to invest in Melbourne and avoid overdevelopment | Jarrod McCabe

GUEST LINKS:https://wakelin.com.au/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: calendly.com/wealthfulbook/30min

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021.

https://www.theelephantintheroom.com.au/podcasts/187

See omnystudio.com/listener for privacy information.

How do online auctions work and will they last? In this episode we discuss how properties are selling during the most recent lockdown. Today we have Jesse Davidson, the chief auctioneer and director at AuctionWorks. Just as home buyers and sellers have had to conform to the new normal, industry professionals adapt to restrictions and their customer’s needs.

The recent lockdown restrictions have brought back the not so distant memory of 2020, the difference this time is the resilience of buyers in the property market. Digital auction houses have normalised the online auctioning of goods, ranging from a stick of gum to wholesale commercial products, but will property fall into this order or stand out amongst all other purchasable assets? 

RELEVANT EPISODES:Episode 144 | Making better sales agents (not genetically modified) | Tanja Lee Episode 125 | Innovation in auctioning: how are we selling now? | Damien Cooley Episode 8 | How do skilled auctioneers get your last dollar? | David Scholes

GUEST LINKS:https://www.auctionworks.net.au/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork 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]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021.

https://www.theelephantintheroom.com.au/podcasts/186

See omnystudio.com/listener for privacy information.

With current movements is buying rural properties still viable?

Matt Knight, prolific rural buyers agent of Precium breaks down the numbers and answers our regional based questions. Matt Knight made his own sea change 14 years ago, now has helped clients in a similar position to purchase their regional property, covering an area from Wollongong right down to Batemans Bay. 

Covid is back at our doorstep will this new wave of infections push more buyers out into the outskirts similar to 2020. Will the domestic migration of last year catch up to buyers as they question if what they bought is what they’ve got? And how much gas does the rural market have left?

RELEVANT EPISODES:Episode 173 | Buying in Byron Bay: Overhyped or shrewd investment? | Michael Murray Episode 125 | Innovation in auctioning: how are we selling now? | Damien Cooley

GUEST LINKS:https://precium.com.au/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July 2021.

https://www.theelephantintheroom.com.au/podcasts/185

See omnystudio.com/listener for privacy information.

Property stories are on the tip of everyone’s tongue when they’ve been successful and glaringly absent when their landlord dreams have gone down the drain. The property market has made rapid shifts within the last 6 months with parcels of land transacting for a fortune, but how did they do it? With capital growth being the most critical element of residential property’s value, how do you predict it? Moreso how can you measure it effectively and what data can you trust to make you a confident buyer in such an overwhelming time?

Here’s what we covered:

• What data is relevant when measuring capital growth?
• Does being on a main road appreciate or depreciate your property?
• Is median growth useful or far from it?
• Where do big research companies get their data and is it consistent?
• Are current automated valuation models effective?
• What is a repeat sales index?

RELEVANT EPISODES:Suburb Trends June 2021 | Price predictions for the 2nd half of 2021! Suburb Trends May 2021 | Rental Vacancies Suburb Trends April 2021 | Highest median growth suburbs!

LINKS:www.suburbtrends.comhttps://www.suburbtrends.com/suburb-reviews https://www.realestate.com.au/news/why-aussie-home-owners-are-holding-property-longer-than-a-decade-ago/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July, 2021.

https://www.theelephantintheroom.com.au/podcasts/st12

See omnystudio.com/listener for privacy information.

In this episode we’re answering some of our listener questions. 

We’ll be covering how to maximise borrowing on a low income, what agents mean by ‘expressions of interest”, borrowing from overseas, the research needed when buying your first investment property, dealing with “best and final offers” in a hot market and what due diligence do buyers agents do that regular buyer don’t?

Questions:

1. “I'm 26 years old and already have 1 investment property and currently looking for my second. As a landscaper that is only on 65k a year at a job that I love, how would I be able to increase my max loan from the bank? Down deposit isn't a problem with me with a bit over 110k in the bank ready to go. With my wage being so low and me only having my wage as a source of income what would the next steps be getting investment 3 and going into the future. Thanks for your time.”
2. “Hi Veronica & Chris, love your podcast! I have one question for each of you :) For Veronica, I occasionally see a property being listed as "expressions of interest". How is that different to a private treaty sale or auction and what kind of properties are best suited for it? For Chris, could you please talk about the borrowing options overseas Australians might have? Especially if they're asset rich and income poor? Many thanks for your time!”
3. “Hi Veronica & Chris, I am a big fan and long time listener of your podcasts. In short I am 22yo and looking to buy my first investment property and have recently graduated my Civil Engineering degree. I have now moved into FT work in my chosen field of study and in the process of getting my finance pre-approved. If possible, I would love you to discuss the following in regards to undertaking research prior to the purchase of an investment property; 1. Various different online platforms available to the public to research past and future wages growth in numerous suburbs around Australia? 2. Research methods and frameworks you adopt/prefer? 3. Most important research indicators for a investment-grade suburb? i.e. wages, employment, population growth. 4. How to best determine and interpret data available online? i.e. Number of days on market, auction clearance rates, etc. I’m very eager and exciting to begin my wealth creation journey, and would greatly appreciate it if you could take the time to answer my questions. :) Thanks!”
4. “We've bought and sold a lot of different sorts of properties but only in NSW and we were totally bamboozled by the way they do it down there. No auctions, even in a really hot market. They are listing properties with a price, and you are expected to put in your best offer, and then the agent sells it to the highest offer, but without coming back to you to give you the chance to up your offer.”
5. “I have a comment, not a question, after listening to your podcast re hiring a Buyers Agent. I hired a Buyers Agent to assist me in buying an apartment for a family relative to live in. My reason for doing this was primarily to ensure due diligence, not recommend a property. Nicole had a lot of specialist contacts, eg for analysis of body corporate minutes, building contracts, conveyancing etc. I was very happy with the result.”

RELEVANT EPISODES: Episode 183 | The Secret to Capital Growth | Jeremy Sheppard Episode 168 | Listener Q&A: How to buy your first investment property

LINKS:www.suburbtrends.com.auhttps://www.homebuyeracademy.com.au/https://www.rask.com.au/podcasts/australian-investor-podcast/ https://www.corelogic.com.au/reports/pain-and-gain

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork 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]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in July, 2021.

https://www.theelephantintheroom.com.au/podcasts/184

See omnystudio.com/listener for privacy information.

What makes prices go up and what data sources can you use to predict the movements?Jeremy Sheppard is the Head of Select Residential Property. Before joining SRP, Jeremy created a suburb scoring algorithm called the DSR (Demand to Supply Ratio). The DSR has been featured in Australian Property Investor magazine and Your Investment Property magazine.Jeremy is a regular contributor to the major property investment publications in Australia and has over 50 articles published, as well as other blogs and has been quoted in major newspapers and appeared on prime-time TV news.

RELEVANT EPISODES:Episode 180 | Are buyers agents worth the cost? | Cate Bakos Episode 177 | Australia’s Economic Recovery | Carlos Cacho Episode 167 | Infrastructure & property prices | David Tucker

LINKS:https://gooddeeds.com.au/buyers-agents-sydney/sell-my-investment-property-now/ https://gooddeeds.com.au/investment-property/should-you-sell-or-hold-investment-property/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in June, 2021.

See omnystudio.com/listener for privacy information.

Within the last decade, the Financial Independence Retire Early (FI/RE) movement has gained a cult-like following, with grassroots communities touting the benefits of living frugally today whilst creating wealth for tomorrow. Veronica and Chris talk with Matt, the host of the Aussie Firebug podcast. Since 2013 Matt has focused on retiring early by creating income streams from property, shares and labour, he projects that he will finally achieve FI/RE by his mid-thirties.

Chris asks hard questions about the movement’s current state, particularly citing the communities’ detrimental perspective on the yield over capital growth debate. Will this financial fad burn bright financially liberating individuals, or will the flame fizzle out with unfounded claims and misleading financial advice?

If you have ever been curious about the FI/RE movement, this is the episode for you.

GUEST LINKS:https://podcasts.apple.com/au/podcast/aussie-firebug/id1080237514 https://www.aussiefirebug.com/start-here/https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 https://www.mrmoneymustache.com/about/https://www.reddit.com/r/financialindependence/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork 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]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in June 2021.

https://www.theelephantintheroom.com.au/podcasts/182

See omnystudio.com/listener for privacy information.