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

Jarrod McCabe is director of Wakelin Property Advisory. Wakelin specializes in the investor market in Melbourne, and Jarrod runs a team of property advisors.

Wakelin has been around for decades, and Jarrod's been there for eight and a half years, but he started his career as a valuer almost twenty years ago. Now, he knows the Melbourne’s property market inside out.

This episode covers:

1. The importance of streetscape for capital growth
2. Which apartments are in scarce supply and high demand
3. Good property managers and tenants rights

Jarrod gives us a tour of Melbourne’s property market and highlights what makes a stellar investment.  

Download the transcript:

www.thelephantintheroom.com.au/podcasts042

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Why your first property purchase is your most important financial decision.

Meighan Hetherington is one of Brisbane’s most respected buyers agents with 15 years experience and over 650 purchased properties under her belt. This entire episode is dedicated to first home buyers. Getting your first purchase right can set you up for life but getting it wrong can be devastating. We delve into the best sources of advice for first home buyers. Here are some of the big issues we tackle:

1. Is the government actually helping first home buyers or stitching their financial future up?

2. What compromises can first home buyers make and what they should never consider?

3. The dangers in not realising what we don’t know and how first home buyers have the most to lose.

This advice is better than anything your parents will tell you!

Meighan’s website:

https://www.propertypursuit.com.au/

First home buyer survey:

https://www.surveymonkey.com/r/5V6S2B6

Free mini course for first home buyers - how to work out the right price to pay:

https://homebuyeracademy.com.au/freecourse

Download the transcript:

www.thelephantintheroom.com.au/podcasts041

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Simon Kuestenmacher is one of Australia’s rising stars in the world of demography. Demographers study people and because property is all about where people live and what we live in, this is something we need to pay attention to. Simon is probably most well known to be the brains beside the renowned Bernard Salt at The Demographics Group.

Here’s some of what we learned in this discussion; How an aging population, death and high migration will shift Australian needs for housing. The population argument - for and against - and why it has lead to an awful outcome in terms of housing stock. The difference both old and new technology will make to the way we live and will we ever get high speed trains in this country?

Part researcher, part futurist, what an amazing glimpse into what could be ahead!

https://www.tdgp.com.au/

Download the transcript: www.thelephantintheroom.com.au/podcasts/040

Work with Veronica? [email protected] Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Stuart Weymss is one of Australia’s top financial experts and has been running his own financial planning & mortgage broking business for over 15 years. Stuart truly gets the important cross-over between good property advice and good financial advice. He’s written many books and his new one Investopoly is a must read because it covers the importance of quality assets and sound evidence based financial strategy.

1. Whether you should DIY or use an adviser to help you with your biggest investment decision in a totally unregulated market.

2. How important is your first property and some cheeky investment strategies for First Home Buyers

3. What qualifies a property to be investment grade and the three things you must do to stay ahead of the herd

This is a long one, but we didn’t cut it because there was nothing in that we could. Enjoy. 

Buy Investopoly with 30% Discount Code elephant -  https://www.prosolution.com.au/buy-investopoly/

Episode www.theelephantintheroom.com.au/podcasts/039

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Bryce Holdaway, Veronica’s TV co-host, is also co-host of the incredibly popular podcast The Property Couch and the soon to be released brand new TV series called Escape From the City. In this episode we discuss the ups and downs of making a sea or tree change. Plus why it’s important to think ahead when you buy property, whether or not you’re moving away from the city. The top three takeaways are:

1. How to mitigate the risks of a sea change or tree change, the importance of “People Like Us” and reminiscing about the lessons learnt while filming.

2. Mindfulness and property decisions and how to do a lifestyle audit before making a big move.

3. The downsides of relocating and what to do in the first year to make it a success.

Bryce also makes a big embarrassing confession about Location Location Location Australia!!

Get the transcript:

www.theelephantintheroom.com.au/podcasts038

Bryce's podcast:

wwwthepropertycouch.com.au

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Frank Gelber describes himself as a property forecaster with a long memory. In this interview we are all treated to a masterclass in property cycles from an expert with an impressive pedigree. Frank is a director of BIS Oxford economics and he takes us on a whirlwind tour of the entire Australian property market and explains how interconnected it all is. Here’s what you’ll learn:

• How buyers can navigate property cycles safely.

• Options for different players in the property market - developers, short term investors, renovators, long term investors, owner occupiers.

• What it takes to set off a boom and how long it takes to absorb the excess capacity created during that boom.

• Which commercial market is about to have an “almighty boom”.

• In a low growth market should you chase yield?

• The structural changes in the economy and the knock on effect in our housing.

• Why removing negative gearing will result in increased rents.

• The domino effect of a low Aussie dollar, increases in tourism, jobs and population growth.

• Why corporates haven’t got into residential property investment.

• Build to rent, is it a good idea and can it work in Australia?

Links:

Veronica’s case study on two properties in a falling market: https://gooddeeds.com.au/property-selection/not-all-sydney-property-prices-fall/ Frank’s website: https://www.bisoxfordeconomics.com.au/

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Tim Heavyside, sales agent, auctioneer and director of Melbourne based Fletchers, is the very auctioneer we critiqued with behavioural scientist Simon Russell in our first episode! Tim is the consummate professional, and it should come as no surprise that he is acutely aware of the ways in which his actions influence the behaviour of property buyers.

Buyers need to be very, very aware that many auctioneers, particular someone like Tim, invest an enormous amount of their own personal development, education, training and practice to get to a point where they are an absolute expert at what they’re doing.

This is a very revealing episode, in which we covered:

• How he “gets in buyers’ heads” so they engage and bid at auction.

• How he stops confident bidders scaring off timid bidders.

• The subtle distinction between indicative sale price and an estimated sale price.

• What’s Goldilocks and the Three Bears got to do with property?

• Nasty vendors and nice vendors - who gets the best price?

• What happens when you get fined for under-quoting.

• How storytelling gets traction and how traction gets momentum at auction.

• How often luck is involved at auction for both sellers and buyers.

• What happens when the owner wants more than the agent has quoted them?

• The anchoring statements he makes and their desired effect.

Veronica’s video on how to set your maximum bid: https://gooddeeds.com.au/auction-tips/how-do-you-set-a-maximum-auction-bid/

Tim’s profile:https://fletchers.net.au/team/tim-heavyside

Show transcript and behavioural bias download:www.theelephantintheroom.com.au/podcasts/036

Want to work with Veronica? Send her an email! [email protected]

Want to work with Chris? Send him an email! [email protected]

See omnystudio.com/listener for privacy information.

 Jane Slack Smith is probably best known for creating the Your Property Success online education program. Jane has worked with thousands of students through the Ultimate Guide to Renovation course and Location Masterclass and also runs a successful mortgage broking business. In this interview we cover a lot of investment fundamentals, including:

1. The danger of “hot-spotters” who forget to tell you when to exit.
2. Why you don’t need to be an active investor or have lots of properties to be successful.
3. The difference between a property flip and a flop.
4. The cost of time when renovating.
5. Renovation strategies: Repair, Rejuvenation, Refresh, Restructure and Revamp.
6. The real cost of a dream lifestyle in retirement.
7. The importance of cash-flow.
8. Why borrowing capacity is going to get worst
9. The truth behind “that 60 Minutes story” and sensational journalism.
10. How to narrow 8,000 suburbs down to 330 suburbs.
11. Just because something is cheap, doesn’t mean it’s less risky.
12. How bad decisions often compound.

Jane’s eBook - The Room-by-Room Guide To Renovate For Profit:https://go137.isrefer.com/go/rbrvm/vmorgan/

Jane’s eBook - The Number 1 Mistake Property Investors Make: https://go137.isrefer.com/go/lmvm1/vmorgan/

DISCLOSURE: Jane has generously offered “The Elephant” a sponsorship agreement, which means if you go on to subscribe to one of her courses after downloading either of these eBooks, she’ll make a contribution towards the production costs of this podcast.

Jane’s podcast:http://yourpropertysuccess.com.au/podcast/

The 60 Minutes report:https://www.youtube.com/watch?v=smPR0s2W-Ck

The Media Watch story on the 60 Minutes story: https://www.abc.net.au/mediawatch/episodes/60-minutes-property/10300068

Want to work with Veronica? Send her an email! [email protected]

Want to work with Chris? Send him an email! [email protected]

See omnystudio.com/listener for privacy information.

Shelley Horton has been a property valuer for over 20 years and worked in many different parts of the industry including the much misunderstood area of Lenders Mortgage Insurance. For the past five years, Shelley has been running her own buyers agency in Sydney and her expertise extends to helping tree changers in the Blue Mountains.

As usual, we covered plenty of ground in this episode, including:

• What a good valuer does when researching recent sales.

• Why the sale price doesn’t tell always the full story.

• How banks and buyers value property for different reasons.

• Why what else is on the market can change a property’s value.

• How being cashed up can make you susceptible to overpaying.

• Who does lenders mortgage insurance protect?

• Dangers in investing where banks don’t want to go.

• Why young couples are tree changing to Blue Mountains

• What to buy in more volatile markets.

• Why national parks can be a good thing for property prices.

  Link: www.theelephantintheroom.com.au/podcasts/034

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.

Peter Koulizos is one of Australia’s best known property commentators for good reason. As a university lecturer, Peter’s passion and skill is in educating people and he brings research to the minds of investors that makes a hell of a lot of common sense. Peter is also a respected author and this episode is one that you’ll be nodding your head to as he is so practical! Some of the big points we covered include:

• Which locations he thinks will get the best return in next 5-10 years.

• Why the apartment market is a different beast to houses.

• How do developers make a profit.

• Why Australians LOVE older property.

• If population is a good determinant of capital growth.

• Can small cities grow at the same rate as big ones.

• Should you time the market, or focus on time in the market?

• Do overseas experts understand the Australian Property market?

• How you can pick the next growth suburbs.

• The what, how and why of Gentrification

• Is property unaffordable really?

We will have to get Peter back on because Chris got told off for continuing to ask questions!!

www.theelephantintheroom.com.au/podcasts/033

Work with Veronica? [email protected]

Work with Chris? [email protected]

See omnystudio.com/listener for privacy information.