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

Starting a new line of monthly episodes for the Elephant in the Room Property Podcast, Veronica and Chris team up with Kent Lardner, Director of Suburb Trends to discuss how different states, regions and suburbs perform; and to break down misconceptions of the property market. This month's Suburbs Trends is all about discussing why different regions perform as they do and the correlation between a suburb's inventory and sales.

Here’s what we covered:

• How many property markets are there?
• What tools and metrics are used to assess the market?
• Why is there currently so little stock?
• What are the 'cold' spots?
• Why are certain markets flooded with low quality new builds?
• What property experts should you listen to?
• How does regional property hold up?
• How do units hold up against houses?
• Where are the 'hot' spots?

RELEVANT EPISODES:Episode 71 | Kent Lardner Episode 115 | Eliza Owen Episode 123 | Martin North

View report Here

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 on 8 July, 2020.

www.theelephantintheroom.com.au

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In today's episode our hosts chat with Jessica Brady, financial planner and co-founder of Fox & Hare Financial Advice, which specialises in providing financial advice to young couples and individuals. We discuss the gap between women and men and their financial literacy levels, why you should discuss your financials with your partner and how to find the most appropriate advice.

Here’s what we covered:

• Why women have a lack of confidence in their financial literacy.
• Why women usually defer their financials to their partner.
• Why is it crucial to share details of financials with your partner?
• What happens when men take on more risk than women.
• How to start talking about money.
• What honest conversations should you start having with your partner.
• Why should you be getting financial advice earlier in life?

This weeks Dumbo:

• Using credit cards and personal loans to get the deposit

RELEVANT EPISODES:Episode 97 | Jacqui Pollock Episode 111 | Sharon Bradley Episode 130 | My Millennial Money 

GUEST LINKS:https://www.ladiestalkmoney.com.au/part-oneHome Buyer Academy Facebook Live Q&A for First Home Buyers - Wednesdays at 7.30pmhttps://www.facebook.com/HomeBuyerAcademyAUS/

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected]

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

Send in your questions to: [email protected]

See omnystudio.com/listener for privacy information.

In this episode, our hosts chat with expert millennial Glen James, financial advisor and podcast host of “My Millennial Money”. Glen’s business and podcast focuses primarily on millennial financial goals and “sorting your money out”. We get the lowdown from Glen on how millennials are achieving their financial goals, what they are doing to save for their deposit and whose advice should they be listening to; is mum and dad’s financial advice enough?

Here’s what we covered:

• How are millennials currently borrowing?
• Who can you trust to advise you on your money?
• Why advice from previous generations is out-dated.
• What is eating up your savings?
• Why should you ‘lose’ your credit card?
• How has spending, savings and borrowing changed between generations?
• Are subscriptions eating up your cash flow?
• Why you don't need a credit card to build your credit score.
• Are Millennials locked out of the property market?
• How to engage the most appropriate professional advice.

This weeks dumbo:

• Why Should you not buy property because you can.

Elephant rider boot camp

• Rentvesting vs dream home

RELEVANT EPISODES:Episode 116 | Property & Taxes Episode 124 | Martin North Episode 128 | Trends in property investment

GUEST LINKS:Home Buyers Academy - Rentvesting Sort your money out - online course

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected]

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

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 on 4 June, 2020.

See omnystudio.com/listener for privacy information.

If there is new and emerging technology or innovation coming into the global scene Craig Rispin already knows about it. In today's episode we chat with Craig, author, speaker and advisor. Craig and our hosts discuss how the innovations of today and the societal impact of Covid-19 will alter how we purchase and build property in the future; will the work from home movement take over, 3D printed houses to create affordable housing and technology affecting change in all businesses. 

Here’s what we covered:

• How Covid-19 brought an age of innovation.
• How do these new innovations impact the property market
• What will 5G towers do to property prices?
• How will printing property in the future impact the construction industry?
• Will the work from home movement take over?
• How will commercial property be impacted by the work from home movement?
• Will companies evaluate the cost of living to determine work from home salaries?
• How has online shopping shaped since Covid-19?

This weeks Dumbo:

• What happens when you buy property to the GFC in America

RELEVANT EPISODES:Episode 118 | Pete Wargent Episode 123 | Martin North Episode 128 | Mike Mortlock

GUEST LINKS:Future trends group

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected]

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

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 on 2 June, 2020.

https://www.theelephantintheroom.com.au/podcasts/128

See omnystudio.com/listener for privacy information.

Today’s episode is about data, data, and data with Mike Mortlock, who is returning from Episode 60. Mike is the managing director of MCG Quantity Surveyors which recently released granular data on the Australian property market that showcases the unique behaviours of over 1,500 property investors, including how they are investing, what types of property are they investing in, and what are their motivations to invest.

Here’s what we covered:

• What does micro level data say comparison to macro level data on property investors?
• How many investors live in their property before they rent it?
• What locations are people investing in the most?
• The disparity between what people want to live in, compared to what they invest in.
• What decisions have individual investors made before investing?
• How many units were being developed back in 2016?
• Why are developers moving towards more owner-occupier developments?
• Does depreciation on property matter?
• How people are getting sold into property that's glitter not gold.
• Why is capital growth the best reason to invest into property?
• What has increased in value more, houses or apartments?

This weeks Dumbo:

• The huge costs of buying property without seeking professional advice.

RELEVANT EPISODES:Episode 60 | Mike Mortlock Episode 79 | Cat Burgess Episode 123 | Martin North

GUEST LINKS:View the data and reports mentioned in todays episode: https://mcgqs.com.au/elephantintheroom.php

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected]

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

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 on 21 April, 2020.

https://www.theelephantintheroom.com.au/podcasts/128

See omnystudio.com/listener for privacy information.

In our third Q&A host special, Veronica and Chris answer your need to know questions on various aspects on property and the process of purchasing:

Questions:

1. “What are your opinions on different types of investments (Student accommodation, holiday house, home dwelling, Commercial?)”
2. “If you live in the property are you liable to pay land tax? And if so at what value is anyone really exempt from paying land tax? If so, who? And how do you structure your property ownership to avoid paying land tax?”
3. “How does capital gains tax work and what is the 12 month rule? Are there any exemptions to capital gains tax?”
4. “Why do you think yields are lower from family home rentals”
5. “What happens to your assets if your bank collapses”
6. “Is it worth forgoing an offset account to go with a sharper fixed interest rate?”

This weeks Dumbo:

• How having a bad credit rating can destroy your opportunity of purchasing property
• What happens when you don’t seek out appropriate financial advice

RELEVANT EPISODES:

Episode 57 | Q&A 1

Episode 98 | Q&A 2

Episode 104 | Build-to-rent

Episode 117 | Fool or Forecaster report

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected]

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

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 on 19 May, 2020.

https://www.theelephantintheroom.com.au/podcasts/127

See omnystudio.com/listener for privacy information.

Predicting the property market and getting it right doesn’t make you a nostradamus but when you get it right and people want an answer, what do you say? In this episode Stuart Wemyss Director of Prosolution and host of the Investopoly podcast joins us back from Episode 39. Stuart shares insights into how the lending space has tightened up on borrowing, why people are upgrading over investing and how he came to his accurate prediction. 

Here’s what we covered:

• How did Stuart get his 2018 forecast?
• Why are predictions not that reliable?
• What do the studies show and does it help you invest?
• Why asset selection is far more important than "getting a good deal".
• What happens at the bottom of the market?
• Does your property have the fundamentals that could lead to high capital growth?
• When should you sell a quality asset?
• How to become borrower ready?
• How to maximise your borrowing capacity? 
• How to best manage your spending.
• How have low interest rates changed investing strategy?
• Why to always approach the family home as an investment property?

MENTIONED EPISODES:Episode 39 | Stuart WemyssEpisode 117 | Dr. Shane OliverEpisode 123 | Martin North

GUEST LINKS:Buy Stuart’s book Rules of the lending game. And use code ‘elephant’ for a discount plus free postage. Buy Stuart’s book Investopoly Subscribe to Stuart’s blog Article: How important is buying below market value? The largest longitudinal study on forecasts Philip E. Tetlock

HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: [email protected] 

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

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 on 5 May, 2020.

https://www.theelephantintheroom.com.au/podcasts/126

See omnystudio.com/listener for privacy information.

Damien Cooley is one of Australia's most well known auctioneers and is managing director of Cooley Auctions and the founder of AuctionNow, which has been critical in transitioning the real estate market from in-person to online. In today’s episode, we discuss how buyers and sellers have reacted to the restrictions, the technology that has helped transition the market, and eye-opening data, including: clearance rates, region-specific data and utilisation of online tools.

Here’s what we cover:

• How did the covid-19 restrictions affect auctions?
• With the technology existing for years, how many auctions were run online?
• Who cancelled their auctions first? 
• How does AuctionNow work with different state legislation?
• How has the clearance rate changed over the last quarter?
• Has online auction now been normalised?
• Why did certain regions not adapt to online auctions?
• What happened to the vendors who were caught in March?
• Despite the market being tough, will there always be scarce property for sale?
• Since open houses are back on, will they go back to the norm?
• Why is this the best time to get back in the market?
• Is it off market or is it pre-market
• How are banks pulling finance from clients days before settlement?
• How to get ahead in auctions?

MENTIONED EPISODES:Episode 1 | Simon Russell Episode 2 | Damien Cooley Episode 115 | Eliza Owen

GUEST LINKS:Cooley Auctions AuctionNow Cooley Index

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected] 

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

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 on 13 May, 2020.

See omnystudio.com/listener for privacy information.

In today's episode, we move the conversation away from national and global news, to what matters most: your household finances. Back in episode 89 we interviewed Brendan Coates, Household Finances Program Director at the Grattan Institute, and he joins us in this episode to explore the various issues currently affecting households: unemployment, access to super, wages and financial buffers, as well as how the small factors you might not be considering are growing behind the curtain.

Here’s what we covered:

• How many Australians have lost their jobs?
• With restrictions loosening, who will be going back to work and who won't?
• Businesses going down the gurgler is more detrimental to the economy than unemployment?
• What are the long term implications of young professionals being unemployed?
• Should you access your future?
• How much does the average Australian have saved?
• Where should your money be during low interest rates? 
• Who is most protected?`
• How are companies pivoting their business model to survive the pandemic?
• How will the government balance the lack of immigration this year for the future benefits?
• When will the vaccine be available and how will it impact your ability to work?

MENTIONED EPISODES:Episode 89 | Brendan Coates Episode 117 | Dr Shane Oliver Episode 123 | Martin North

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

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 on 28 April, 2020.

See omnystudio.com/listener for privacy information.

After Chris’s numerous appearances on Martin North’s ‘Walk the world’ Youtube channel we finally have brought Martin to our own turf. Martin is the founder of Digital Finance Analytics, a boutique research, analysis and consulting firm, he is one of the most regarded authorities in the research space with several media contributions such as ABC new, AFR and 60 minutes. In this data driven episode, we get down to the question at hand: do you buy or do you sell, what is the data showing, and is it reliable? Find out if people are borrowing too much, what properties are beating the downturn and how are individuals discovering the opportunity.

Here’s what we covered:

• How are the 1000 households surveyed every week reflective of Australia?
• How did Martin enter into the finance commentary arena?
• What patterns are showing which suburbs are going up and which are going down.
• How are the 250,000 first home buyers (per year)  finding ways to enter the market?
• Why newly built properties are at the greatest risk.
• How is the data segmented to better reflect real profiles?
• Will there be low or high capital growth over the coming years?
• Are we reaching our 'peak debt'?
• How many properties are vacant in Australia?
• Why is there simultaneous oversupply and undersupply in the market?
• What happens now since migration is zero?

MENTIONED EPISODES:Episode 103 | Amanda Farmer Episode 113 | Dr. Nicole Johnson

GUEST LINKS:DFA - Blog - Youtube Article 1 Mapping Mortgage Stress Article 2 Housing price falls and negative equity

HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected] 

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

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

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 on 23 April, 2020.

https://www.theelephantintheroom.com.au/podcasts/123

See omnystudio.com/listener for privacy information.