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

In this special episode we bring back John Cunningham, Principal Director of Cunninghams, a successful and established real estate agency based in the Northern Beaches. John has a well earned reputation by experiencing all aspects of the property market; buying, selling, advising and investing. We sit down to discuss the state of the real estate market during the pandemic including how all of the changes have impacted buyers and sellers, getting cold feet or becoming hot to trot, and on the other side, how agencies have taken these challenges and restrictions head on delivering a service that has adapted to the situation.

Here’s what we covered:

• Are real estate agents equipped to be trusted advisors?
• How are real estate firms finding the lockdown laws?
• What are agents doing to ensure clients safety?
• Is the gatekeeper mentality helping or damaging the real estate market?
• Why has the pandemic been a wake up call for the property market?
• Still in the market? What should you do?
• Timing, wait another year or action now?
• Is there a conflict of interest with agents giving advice?
• What should property managers be doing during the pandemic?
• How much of the real estate market has dried up?
• How are agents pre-qualifying their clients?
• How are sellers dealing with their property under inspection?

MENTIONED EPISODES:Episode 12 | John CunninghamEpisode 120 | Michael Yardney

GUEST LINKS:REIA - Home Cunninghams

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 4 April, 2020.

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Have you wondered how properties are valued and who has the authority to value them? In this episode we speak to veteran valuer Bart Mead, Executive Director of JLL Valuations and Advisory. Bart has 30 years of providing property advice to financial institutions, the government and private individuals. We sit down to discuss the current state of property valuations: how they work, what factors impact the value of a property, and where the future of valuations will be - automated, cheaper and with a click of a button? Listen in to find out.

Here’s what we covered:

• Why valuations underpin the financial system and the greater economy?
• How do valuations give the buyer confidence after purchasing?
• Will valuation in the future be done prior to purchase?
• Will automated valuations be the future for property purchasers?
• Do valuations vary greatly?
• What are the different types of valuations?
• What's the process of banks picking valuers?
• How will the Covid-19 Pandemic impact how property is valued?
• How much do banks dictate how valuation should be done?
• Could you take a valuer to court for under/over valuing property?
• How do valuers treat off-the-plan property?

MENTIONED EPISODES:Episode 62 | Cecille Weldon Episode 120 | Michael Yardey

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 16 April, 2020.

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In our first podcast mashup, we collaborate with Michael Yardney, founder of Metropole Property Strategists and host of the Michael Yardney Podcast. From buying, selling and advising we hear about how the “front-line” of property are dealing with the Covid -19 pandemic and we sit down to discuss which ‘experts’ should you listen to and how you should be timing your property movements around the current economic climate.Stick around as this will be packed full of relevant information for those currently seeking, purchasing or those wondering if now is the time to dip a toe in. 

Here’s what we covered:

• The difference between a good and bad investor
• What are current investors thinking?
• Which is a better yield or growth?
• Which expert’s market predictions can you trust?
• Better yield or better tenant?
• How are banks assessed during the Covid-19 pandemic?
• Why the property market will survive the pandemic
• How will industries adapt?
• Will there be greater globalisation or greater localisation? 
• Will owner occupier demand increase due to the virus?
• What properties in Melbourne that will thrive in the pandemic?
• What is a good development?

GUEST LINKS:Michael Yardney’s Property Update Michael Yardney Podcast Metropole Property Strategists

MENTIONED EPISODES:Episode 114 | 2020 Fool or Forecaster reportEpisode 115 | Eliza Owen

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 is recorded on 9 April, 2020.

View Episode 120 HERE

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In this special episode, Veronica interviews our co-host Chris Bates, financial adviser, mortgage broker and the founder of Wealthful, a boutique financial firm that assists couples and families to secure bespoke financial products. Over the last 20 years, individuals and families have been increasingly opting to obtain their finance through mortgage brokers (over 60%) rather than go through a bank. Chris discusses this current trend and where the benefits lie when choosing a broker over a bank.

Here’s what we covered:

• Broker vs private banker?
• Are you with the most appropriate bank?
• Why are you limited to going directly to the bank?
• Are you dealing with the real talent at your bank?
• How the banks have discriminated against industries?
• Bank Policies how often are they changed?
• How long are bankers turn around times
• Can you use a broker to get a better rate at your bank?
• Which banks don't use brokers?
• How to find a good broker?
• What questions to ask your broker?

MENTIONED EPISODES:Episode 53 | Jennie Tonner

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 weirdnessThis episode was recorded on 26 March, 2020.

https://www.theelephantintheroom.com.au/podcasts/119

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We interviewed Pete back in 2018 in episode 24 and we brought him back to talk about the current situation of the property market locally and abroad. Pete Wargent is an internationally recognised speaker, versed in all thing property from buying to selling and all the financial components associated. Opening up on the dialogue surrounding the Covid-19 pandemic we pose the question, how will Australia thrive on the other side of this crisis and what should individuals do now and in the future to protect themselves.

Here’s what we covered:

• How does the economy bounce back from the downturn?
• What downturns are similar to what we are currently experiencing?
• Is the Government doing enough?
• What is happening to the global property market?
• How the Australian economy is performing against the global economy?
• How labour mobility will decrease.
• What will protect our economy in the future?
• How is the frontline of real estate coping during the crisis?
• Why is there a record number of loan applications?
• Why is the Australian Dollar going to suffer so much?
• Where are the scarce properties in QLD?
• What to do with your mortgage?

MENTIONED EPISODES:Episode 24 | Pete Wargent Episode 115 | Eliza Owen Episode 117 | Shane Oliver

GUEST LINKS:Pete Wargent’s LinkedIn www.petewargent.com

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.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 weirdnessThis episode was recorded on 2 April, 2020.

https://www.theelephantintheroom.com.au/podcasts/118

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In another Coronavirus special episode we are honoured to have arguably the most well known economist in Australia, Dr. Shane Oliver. Shane is the Head of Investment Strategy and Economics and Chief Economist at AMP Capital. Shane breaks down the current economic climate, locally and globally, showcasing the various economic indicators revealing the direction we are all heading towards.

Here’s what we covered:

• Major differences between recession and a depression
• Is the world economy heading towards a depression?
• How will the stimulus package work?
• Was the USA too late to act in shutting down?
• Where will the government find the money for the stimulus package
• Where will the world be when the dust settles
• Has Australia done enough to flatten the curve?
• How high will unemployment climb?
• Recognising the opportunity?
• Which industry is at the most risk?
• What economic indicators should we look towards

MENTIONED EPISODES:Episode 115 | Eliza OwenEpisode 114 | Fool or Forecaster 2020Episode 112 | First Covid-19 update

Shane Oliver’s Articles:AMP Capital: Is Coronavirus driving a recession, depression or an economic hit like no other AMP Capital: The Threat to Australia house prices from Coronavirus Business Insider Australia: The 9 bad habits of highly ineffective investors 

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 2 April, 2020.

https://www.theelephantintheroom.com.au/podcasts/117

See omnystudio.com/listener for privacy information.

In this episode we talk tax, tax, tax with Alison Lacey and you are going to love it. Alison is the Director of Ecovis Clark Jacobs a recognised accounting firm in Sydney, but is also an investor and married to a builder giving her a multidimensional insight into property and tax. Today she gives the scoop on recent changes to the CGT exemptions for expats, showcases the nitty grittiness of the ATO and describes the most common tax mistakes the average property purchaser makes. 

Here’s what we covered:

• How does tax work with an owner builder?
• What is the definition of a non-resident?
• Why changes to the CGT rule might backfire for the government?
• Knowing your numbers and your opportunity cost.
• What is the biggest tax benefit from owning an investment property?
• How does depreciation affect your capital gains?
• How to offset capital losses against future capital gains
• What can you do about land tax?
• What is the 6 year rule and how does it work?
• How much does the ATO know?
• The problems of owning your property outright.
• What is repairs and what is maintenance?
• How to structure your loan? 

MENTIONED EPISODES:Episode 60 | Mike MortlockEpisode 15 | Taryn Brown

GUEST LINKS:www.clarkjacobs.com.au/

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 20 February, 2020.

https://www.theelephantintheroom.com.au/podcasts/116

See omnystudio.com/listener for privacy information.

In this episode we bring back the insightful Eliza Owen on the podcast, we interviewed her last year in Episode 81 discussing the previous economic booms and downturns. Eliza has recently been made the Head of Residential Research at CoreLogic and is playing an active role in investigating the impact of the virus on the property market. With new restrictions on real estate in place to curb the growing threat of Covid-19 and with over 150,000 people applying for unemployment benefits Veronica and Chris ask the questions that you’re thinking.

Here’s what we covered:

• How far has buyer activity fallen?

• How has the clearance rate been affected?

• What alternatives do buyers have to auctions?

• How quickly will unemployment climb?

• How the property market performed after stock market crashes?

• Why is the current downturn radically different to past downturns?

• Who will be most impacted by falling housing prices?

• Is it inevitable that Australia will go into recession

• Have the RBA hit rock bottom with rates?

• How to recognise opportunity?

MENTIONED EPISODES:Episode 81 | Eliza Owen  Episode 88 | Rate cuts Episode 112 | Coronavirus Update

GUEST LINKS:CoreLogic News Coronavirus and Australian Property Market Continued Uncertainty Around COVID-19 Has Seen The Preliminary Clearance Rate Take A Hit This Week

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 26 March, 2020.

https://www.theelephantintheroom.com.au/podcasts/115

See omnystudio.com/listener for privacy information.

Who did you believe was going to be right about the market? Did you buy or sell based on an ‘experts’ predictions? In this years edition of the Fool or Forecaster report (releases on April Fools), Veronica and Chris discuss progression of the property market over the last year with investors representing a tiny fraction of purchases, Coronavirus’s impact, and those analyst that had a conflict of interest in their reports. Find out which experts got it right, who got it wrong and who was dramatically wrong; one expert predicted an 85% fall in the market that never came. 

Here’s what we covered:

• When was the bottom of the market?

• How long did it take the Sydney market to go down 15%?

• What were the biggest names saying?

• Who got it right? And who got it wrong?

• What suburbs were hotspots?

• What is the impact of these 'predictions' on individual people?

• Why is most property not worth buying?

• Who's pushing up prices? 

• What things can you do to view a property's possible growth?

• Who is missing the market?

MENTIONED EPISODES:Episode 61 | 2019 Fool or Forecaster Episode 71 | Kent Lardner Episode 73 | Roger Montgomery Episode 75 | Warren Hogan Episode 77 | Cameron Kusher Episode 81 | Eliza Owen Episode 88 | Alan Kohler Epiosde 102 | Louis Christopher

LINKS:Veronica Morgan’s Article: Proof Sydney house prices have stopped fallingCore Logic Report: 2019 Fool or Forecaster Report2020 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.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: https://www.theelephantintheroom.com.au/podcasts/114

See omnystudio.com/listener for privacy information.

In this insightful episode Veronica Morgan and Chris Bates chat with Dr. Nicole Johnston, socio-legal researcher and senior lecturer at Deakin University. Nicole has spearheaded the development industry, shining the spotlight on defective developments in her university published report “An Examination of Building Defects in Residential Multi-owned Properties”. The report highlights the severity of the development industry, analysing 3227 defects across 212 buildings in NSW, Victoria and Queensland.

In today’s episode our hosts discuss the problems plaguing the development industry and how they can redeem themselves in the coming years when truth surrounding their dodgy dealings spills.

Here’s what we covered:

• The risks of buying brand new.

• Why NSW is the riskiest state to buy a new apartment.

• Why is there very little research on new buildings?

• What happens to tenants with defects and the red tape involved?

• Water related defects are the most costly and common defect.

• Why does home and contents insurance not protect you from defects?

• Why you should always invest more into a specialised property lawyer

• How do we make quality builds and also solve the housing affordability crisis

• Will developers make the first stand and take ownership for defects?

• Rectification costs never capitalised when you go to sell.

• Cheap apartment = Costly endeavour.

MENTIONED EPISODES:Episode 87 | Kerry Hunt Episode 91 | Rod Fehring Episode 106 |  Dodgy Developers

GUEST LINKS:Deakin University: Nicole Johnston Deakin University: Home Research Hub Home Buyer Academy

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 26 February, 2020.

https://www.theelephantintheroom.com.au/podcasts/112

See omnystudio.com/listener for privacy information.