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

Plus all the dirt on the hidden pitfalls in off-the-plan contracts.

We are very excited to share our conversation with Jennie Tonner, our very first conveyancer on “The Elephant”. She is one of Australia’s most experienced conveyancers who has spent decades working in the “big end of town” and now runs her own small business, Cremorne Conveyancing.

You’ll learn an incredible amount about what can so easily go wrong for buyers who don’t invest in good legal advice. Jennie shares her experience and wisdom, including:

• What can’t be changed in a contract during the cooling off period.

• How the contract review process changes for buyers when the market cools down and heats up.

• A few horror stories with buying off the plan.

• How some developments sell before they even have council consent!

• What a release of deposit clause is and what you should do if you see one.

• When you are protected if you buy a property without council approval for building works.

This is a brilliant episode which highlights the importance of getting good advice before you sign on the dotted line.

Where you can find Jennie: https://cremorneconveyancing.com.au/

Download the transcript:

www.thelephantintheroom.com.au/podcasts052

Work with Veronica? [email protected]

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Cameron Macqueen is a man that’s done many great things in the business world. After 5 years growing a big business in China he came back to Australia to run a Chinese property development company - PAI Group. PAI have been building 100’s of small developments, mainly in Melbourne’s middle ring suburbs. These developments are funded by Chinese citizens mainly to get two things, a great return and a permanent residency status in Australia.

Here are some highlights:

The different ways Chinese think about property.

How Chinese gut apartments and want everything brand new.

How you can get Permanent Residency if you have a bit of cash.

The market risk in doing developments.

How Chinese build community developments that are amazing places to live.

How we are going to grow our cities, as we grow our population

We finish we some rather hilarious tree cutting dumbos so be sure to tune in till the end!

Cameron’s details:https://www.paigroup.com.au/home-en

Download the transcript: www.thelephantintheroom.com.au/podcasts051

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In this episode, Veronica and Chris finish the summer series with a discussion about some of the biggest  “aha” moments in the first 25 episodes.

As always, this conversation covers a lot of ground as we pull snippets from different interviews and discuss the key lessons and takeaways in more detail.

• The most common behavioural biases we have that let us down.

• What’s really happening during an auction sales process.

• Agent tactics to get you to make an offer.

• How we are not fans of “Positive Cash Flow”

• The Interest Only Cliff and what it will impact

• How data analytics are going to change property investing in the future.

• Flaws in new buildings and the risks of buying off the plan.

This is the 50th episode and there’s so much to learn that only the first 25 episodes could be covered in this chat! Listen up and come back, the second 25 episodes will be tackled soon - there’s so much more gold in them!

Episodes mentioned:

Damien Cooley

Matt Hayson

Michael Harris

Ewan Morton

Luke Metcalf

Michael Ferrier

Amanda Farmer

Download the transcript:

www.thelephantintheroom.com.au/podcasts050

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Will it really create housing affordability and will there be unintended consequences?

In this episode we stir up the conversation on Labor’s negative gearing policy and just how crazy we believe it will be if they successfully get it legislated. To help you better understand what could happen, we bring in parts of the conversations we’ve had with some of the smartest minds in property - Pete Wargent, The Kouk, Tyron Hyde and Ben Kingsley.

For us, it is wildly outrageous that they believe this will help first home buyers get what they really want long term; a home in a highly desirable location. In fact we believe it will make it even harder for them.

Labor are forgetting that a lot is riding on keeping our property investment industry stable and flowing, but in order to win votes they will bring financial pain to property owners all over the country. For properties not traditionally bought by investors, such as houses in the inner rings of capital cities, this will not have a huge impact. But for properties that are bought almost entirely by investors such as units, new apartments and holidays homes, this could be catastrophic. There are so many flaws in this policy design and this episode explores what the consequences could be if it gets the go ahead.

Blog mentioned:Stuart Weymss

Episodes mentioned:Pete WargentBen Kingsley Tyron Hyde Stephen Koukoulas

Download the transcript:

www.thelephantintheroom.com.au/podcasts048

Work with Veronica? [email protected]

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See omnystudio.com/listener for privacy information.

In this episode we have a look at 2019 and what could change in “the property market”.

This is the first of our 2019 summer specials and we reflect back on what some of our podcast guests have had to say about the big issues affecting property prices.

• Peter Koulizos talks Australia.

• Pete Wargent talks Brisbane.

• The Kouk talks all things interest rates and what the RBA could do.

• Mark Foy explains why some properties are performing better than others.

• John Lindemann explains how scarcity really works and where to buy for long term growth.

• We talk about the flight to quality, property fundamentals and how many different markets perform.

Please listen to the end because Chris gives a great summary of how home loan lending has changed and what to do about it in 2019.

Links: Veronica’s blogs:Lilyfield Case StudyPost GCF Case StudyBuy or Sell First Blog

Chris Blog

Servicing Changes

www.thelephantintheroom.com.au/podcasts048

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Bryce Holdaway, is probably Australia’s most famous property co-host - podcast fans will know him from The Property Couch and TV fans will know him from Location, Location, Location Australia, Relocation Relocation Australia and now Escape from the City on the ABC. What you may not know is why he is the best person to explain to us exactly what a property spruiker is and what makes them so dangerous.

And no chat about spruikers would be complete without also discussing:

1. How much money is available in referral fees for mortgage brokers, financial planners and accountants who know very little about property and are not interested in good outcomes for their clients.
2. Apartments aren’t all bad, but many are risky, so learn the first question to ask yourself before buying a new apartment.
3. The specific issues you need to be aware of when buying property within your SMSF.

But the most compelling reason to listen to this episode is to hear Chris’s “chicken in the oven” analogy.

Download the transcript:

www.thelephantintheroom.com.au/podcasts047

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Lorna Patten, counsellor and trainer, is renowned for telling the truth that needs to be told. So who better to explain to us exactly what lies underneath some of the decisions property buyers make - in particular those that cost people a lot of money. This is the episode we’ve been wanting to make for some time and we uncovered some absolute gems:

1. What we fear the most when it comes to life and how that can lead to buying property for all the wrong reasons.
2. The difference between normal anxiety about a big decision and a niggle that’s really a warning sign.
3. Practical steps for gaining clarity around what you want and to succeed when buying with your partner.

If you suspect that you might be driven by your inner 3 year old saying “I want it, I want it, I want it”, you’d better listen to this episode!

Lorna's website

The Change Room podcast

Download the transcript:

www.thelephantintheroom.com.au/podcasts046

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See omnystudio.com/listener for privacy information.

In this episode, we had an eye-opening discussion with Noel Whittaker, who is somewhat of a household name.

Noel writes weekly columns in major newspapers in every State in Australia. He also broadcasts regularly on ABC Radio and appears on channel nine. He's written 22 best selling books that have sold over two million copies around the world. His book Making Money Simple set sales records across the country, and was recently named in the top 100 of the most influential books of the last century.

Here is some of what we discussed:

1. Labor’s policy on negative gearing - is it a fallacy?
2. Will changes to negative gearing help housing affordability?
3. Depreciation - is it even worth it?
4. Superannuation funds - why are we so disengaged?

1. SMSF and the importance of getting good financial advice.

Join us for some some fantastic property and investment debate.

Download the transcript:

www.thelephantintheroom.com.au/podcasts045

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

You make your money when you buy, not when you sell.

In this episode we pick the brains of Kevin Turner, a leading independent property market commentator, that's a mouth full, and host of the very popular podcast for consumers, called Real Estate Talk, and another for agents, called Real Estate Uncut. But he's more than just a star podcaster, Kevin has been able to combine his extensive radio and real estate careers which both date back to the 1980s.

We have covered a lot of ground, here’s a snapshot:

1. The downsizing market - lifestyle villages to suit all ages.
2. Multi-generational Living - what developers need to build.
3. Holiday mistakes - don’t buy a house when you are an ice cream licker!
4. Beware of the spruikers - is the negative gearing pitch really worth it?
5. Tips on how to choose a good selling agent.

It’s a great episode - we hope you enjoy it!

https://realestatetalk.com.au/featured-channels/kevin-turner/

www.thelephantintheroom.com.au/podcasts044

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See omnystudio.com/listener for privacy information.

In this episode, we pick the brains of Stephen Koukoulas, better known as the Kouk. He’s One of Australia's leading economic visionaries, past chief economist of Citibank and probably most famous for being Chief  Economic Advisor to Julia Gillard. He's renowned for being able to turn complex economic analysis into terms mere mortals can understand.

We cover a vast array of topics including:

1. Election Promises by Liberal/Labor - what will happen to negative gearing?
2. The Banking Royal Commission - the effect it’s having on property prices
3. Infrastructure - Is enough in place to cope with population growth ?
4. Why waiting for the ‘bottom of the market’ when looking to buy your home can cost you big.

“The Kouk” really lifts the lid on all things economic, housing and the levers that drive the property market.

Download the transcript:

www.thelephantintheroom.com.au/podcasts0XX

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.