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

We picked the brains of Cecille Weldon. Cecille is responsible for the creation and development of the Banksia Award-winning Liveability Real Estate Framework.

Now owned and backed by the CSIRO, this new way of marketing property introduces 17 new property features into the real estate transaction. These are liveability features which cover passive building design, energy and water efficiency and renewables.

The liveability mandate is to create your best home: healthy, efficient, comfortable and connected to your local community.Here’s a snapshot of what we discussed:

• 17 liveability features of a property & why they matter for homeowners & tenants
• How to reduce your property’s running costs & increase comfort
• Why fixing liveability of your property will give you more disposable income
• Why it’s not just about comfort of living, it can increase the value of your property.

LINKS:

www.liveability.com.au

Tankulator - Rainwater Tank Sizing Tool

Cecille Weldon's Website

Read the transcript:

www.thelephantintheroom.com.au/podcasts062

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

In this episode we are doing something a little bit different.

To celebrate April Fools Day, we have produced a special report on the big failed property bets, what forecasters got wrong in 2018 and who is brave enough to predict what’s to come in 2019 & 2020. You’ll hear why it is impossible to predict the future and whether Veronica is really a Perma-Bull as some have accused her of being.

It seems that we are our own worst enemy, as our obsession with property means we are always thirsty to hear the latest forecast, even when we know full well that it is nonsense!

We hope you enjoy this episode and we promise it’s the first of many - we’ll be watching and listening for the 2019 forecasts and we’ll be bringing you the dirt on them next year!

Download the transcript:

www.theelephantintheroom.com.au/podcasts061

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

In this episode, we picked the brains of Mike Mortlock. Mike is the managing director of MCG Quantity Surveyors which was recently recognized as Australia's fastest growing quantity surveying firm by the Australian Financial Review Fast 100. MCG was the first quantity surveying firm to publish real data on the average deductions for property investors.

We had a very revealing chat with Mike about:

• Tiny details investors need to understand that trigger paying more tax.
• Why, if you purchase a property off the plan, it's worthwhile getting a building compliance inspection to identify defects.
• How data on units sold off the plan, in a number of capital cities, is proving they are not great candidates for capital growth.
• Why we need to be very skeptical of media spruikers and take time on due diligence, especially given 38% of investors buy new property!
• Why housing affordability is going to be a national concern because rental yields have been increasing.
• How good advice from an accountant who understands property , an investment savvy broker, a strategic financial planner and a good conveyancer will save you in the long term.

Mike’s website:https://www.mcgqs.com.au/

Data findings & free giveaway:www.mcgqs.com.au/elephantintheroom

Episodes mentioned:Episode 45 - Noel Whittaker, Good advice doesn’t cost it pays!

Episode 46 - Lorna Patten, What causes wishful thinking and why does it cost us so much?Episode 47 - Bryce Holdaway, What does the ultimate property spruiker look like and are they all bad?

Episode 51 - Cameron MacQueen, What’s in property development for Chinese investors

Download the transcript:

www.thelephantintheroom.com.au/podcasts060

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

In this episode, we pick the brains of Suzy Jacobs, a fabulously outspoken and honest pioneer in women lead business networks. Suzy founded SheBusiness and has lead thousands to business success. She sold SheBusiness and launched Finesque in 2016 to demystify financial language and create opportunities for individuals to grow their financial independence and security. We discover:

• How your beliefs about money have long term effects on your financial future.
• Is it ok to hand responsibility of financial decisions over to a third party?
• How unconscious beliefs drive our decision making when it comes to property.
• Why we need to slow down & be accountable property investors.
• Transitional thinking & why it makes a big difference.

This episode will really make you rethink where your financial future is headed.

Where you can find Suzy:

https://www.finesque.com/

More episodes on mindfulness:

https://www.theelephantintheroom.com.au/podcasts/1

https://www.theelephantintheroom.com.au/podcasts/038

Download the transcript:

www.thelephantintheroom.com.au/podcasts059

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Nerida Conisbee is Chief Economist for the REA Group, which incorporates websites www.realestate.com.au & www.realcommercial.com.au, amongst others. Nerida has more than 20 years of property research experience & appears every fortnight on ABC News Breakfast, every Tuesday on Your Money, & she writes a fortnightly column for The Australian.  She provides updates on property market conditions to major government bodies & here is some of what she explains:

• What is data & how can it affect property prices?
• What suburbs perform best & the types of suburbs that people are most highly engaged in.
• Top ten suburb lists & hotspotting - looking from the data perspective.
• Auction clearance rates, median price & how the data can be manipulated.
• Not all data is what it seems, there is some data to be weary of.

Links: Nerida Conisbee - www.realestate.com.au

Past Episodes:Stuart Wemyss - Episode 39Anthony Millet - Episode 31

Download the transcript:

www.thelephantintheroom.com.au/podcasts058

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

In this episode, we are going to answer some listener questions. We cover a fair bit of ground, however, here are the highlights:

• Should you be investing in the outskirts, or investing in the inner rings of capital cities?
• What happens if the builder runs away with your money during a renovation and where to get help.

• What to do if your financial planner becomes a little bit too pushy & recommends property to get paid a commission.
• Real Estate Investment Trusts, do they make good investments?

We refer back to a number of past episodes with some great intel & you can check them out here:

Luke Metcalf: Episode 16

Kate Lumby: Episode 4

Jarrod McCabe: Episode 42

Frank Gelber: Episode 37

Bryce Holdaway: Episode 47

Fair Trading: Resolving Building Disputes

Master Builders Association:  http://www.mbansw.asn.au/

Download the transcript:

www.thelephantintheroom.com.au/podcasts057

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

This is the first property manager we've had on The Elephant. Here’s what we found out:

• Seasonality & over supply, the months to avoid.
• What constitutes a good tenant & how to choose a good property manager.
• Reference checking tenants & how Instagram pics reveals all.
• How to change your managing agent the easy way.
• Landlord insurance - not all policies are created equal.

If you own an investment property or thinking of buying one, you need to listen to this episode.

https://www.letsrent.com.au/

Download the transcript:

www.thelephantintheroom.com.au/podcasts056

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Malcolm Gunning, has been in real estate forever & his agency Gunning Real Estate focuses on commercial, industrial, retail, residential & development real estate. They also provide services in sales, leasing, property management, consultancy, & valuation.

Here is some of what we covered:

• What is sophisticated investor & do they always get it right?

• The 3 main methods used to value a commercial property.

• How to target the right buyer pool when selling an investment property.

• Why foot traffic, infrastructure & the neighbouring retailer is so important.

• Rent movements, yield, land value & capital growth in the commercial world.

https://www.gunningre.com.au/

Download the transcript:

www.thelephantintheroom.com.au/podcasts055

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Haesley Cush, auctioneer, sales agent and principal, opens up about the Brisbane property market and explains how apartments can lose money while unrenovated Queenslanders in the same suburbs sell for ridiculous prices. What are the best buys in Brisbane at the moment?  Here’s what else you’ll learn:

• The Brisbane property market & why locals don’t like auctions.

• What's a good property investment & what’s not in Brissy.

• Why it’s easier than you think to over capitalise on an unrenovated “Queenslander”.

• Oversupply of apartments - what’s going on?

There is so much insider knowledge here!

Haesley’s details:

http://livingherecushpartners.com.au/

Download the transcript:

www.thelephantintheroom.com.au/podcasts054

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

In this episode, we pick the brains of Tim McKibbin, CEO of the REI New South Wales. Originally qualifying as a lawyer and an accountant, Tim joined the REI 15 years ago, and has been the CEO now for 13 years. He's an extremely vocal advocate for the real estate industry, and over the past few years he's had a couple of stoushes with the New South Wales state government on a number of issues. Recently, he's been very vocal and he's called for self regulation. His latest battle has been over stamp duty reform and it’s really fired him up!

We dive into some hot topics, such as:

• What the Government has planned to assist with housing affordability.

• Stamp Duty: Why hasn’t it changed in 32 years?

• Negative Gearing: Is it purely politics?

• Why we need review the regulators of the real estate industry that don’t know what’s going on, AKA Fair Trading.

• Trust account audits - the good, bad and the ugly.

We hope you enjoy this episode as much as we did recording it!

LINKS:

Property Investors Council of Australia:  https://pica.asn.au/

Stamp Duty Reform Link:

https://www.reinsw.com.au/Web/Posts/Latest_News/201811/aStamp_duty_reforms_are_an_insult_says_REINSW.aspx

Good Deeds Blog - Land Tax: https://gooddeeds.com.au/sydney-property-market-updates/what-is-land-tax-and-is-it-fair/

REINSW Petition for Property Services Commissioner

https://www.reinsw.com.au/Web/Posts/Latest_News/201811/reinsw_launches_petition_for_property_services_commissioner.aspx

See omnystudio.com/listener for privacy information.