Australian Property Podcast

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we take a look at the week's most interesting news headlines and break down what this means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent are discussing unit shortage, Melbourne house price jump, and Victoria's new granny flat policy.Story 1 – Unit shortage looming over Aussie housing market (CoreLogic) There is set to be a housing deficit of 175,000 by 2027 (NHFIC) Why? Above average population growth, below average completions Where? Not everywhere. Brisbane, Perth, Adelaide, some parts of Sydney and Melbourne What next? Vacuum in units supply until 2027, falling cash rate could fuel a stronger price boom Story 2 – Melbourne house prices to jump 12pc in 2025 KMPG releases home price forecasts Why? They always do? Are they useful? Fool or forecaster reports? Where? Melbourne houses and units, Sydney houses and units, but actually gains before for all of the capital cities out to 2025 due to rising demand, and falling interest rates, and more foreign investment What next? Story 3 – Dan Andrews granny flat announcement and 7.5% short stay leases tax What? Second dwelling in Victoria under 60sqm won’t require a planning permit Why? Another kneejerk policy reacting to the shortage of dwellings Where? State of Victoria. NSW has similar policies already? What next? Boom in building granny flats. Impact on the rental market?  Considerations CGT, subdivision rules, etc? It appears to be the government’s intention that they could be rented out, though not yet legislated as such. Busier cities, lower living standards? Risks? Insurance? Planning permits Australian Property Podcast resources: Core Logic AFR Victorian Government Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you want to invest your time and money better?Then listen to THIS episode.Owen Rask interviews host of The Australian Finance Podcast and brand new author, Kate Campbell, about her book, Buying Happiness: Learn to invest your time and money better.Kate discusses her journey into investing, why she wrote a book on money and happiness, how our community is boosting their happiness and some practical ways you can use your money and time to improve your life right now.📚 Enjoyed this episode? You'll love Kate's book, Buying Happiness, which you can order on Booktopia or Amazon.🎟️ We're going on the road from September - October 2023; get your tickets here!***Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a cross-post from the Australian Finance Podcast. Owen Rask is hosting a Q&A with the founder of Blusk and mortage broker, Chris Bates.Chris & Owen discuss what a 'good asset' in property looks like, what to do if you can't afford your dream house, deciding on fixed or variable, upgrading and property deposits.Chris Bates was recently voted the #1 mortgage broker in Australia by The Adviser!Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we take a look at the week's most interesting news headlines and break down what this means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent are discussing the population boom, labour market & reasons why rents could slow.Story 1: Population boomed by a record +182,000 in Q1 Population growth accelerated to +182,000 in Q1 – highest ever – that’s 2,000 people per day. Catching up COVID and alleviating the labour shortage Why we can’t build for this kind of growth Where? Victoria, Queensland, and NSW all got massive growth What next? A big debate about whether this is responsible policy given the housing shortage Story 2: Slack increases in the labour market The economy is still adding jobs, but measures of underemployment and underutilisation are now rising Why? Record immigration and slowing economy Where? Most states are slowing, mainly driven by slack in Sydney and Melbourne What does it mean? Slower wage growth going forward, interest rates to peak Story 3: 3 reasons rents will slow in 2024 Eliza Owen from CoreLogic identified 3 reasons why rents will slow in 2024 rents move with interest rates softer incomes growth rental affordability becoming stretched in some areas What does it mean? Good news for inflation and renters Australian Property Podcast resources: Australian Unemployment Core Logic Study Pete's blog Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we take a look at the week's most interesting news headlines and break down what this means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent are discussing: business insolvencies hitting a 15-year high, why office towers are taking a major hit & Australian population surge driving rental vacancies to a new low.Story 1: Business Insolvencies Hitting a 15-year High Firms are starting to fail as the cost of capital rises Why is this happening? The business cycle has been unusual, stimulus could have papered over the cracks Big surge in small business failures, rising unemployment, and a fall in employment, particularly in the retail segment What does it mean for property?  Distressed sales are still low for now. The unemployment rate is still 3.7% Story 2: Office towers to take a major hit (according to a recent Morgan Stanley report) ABS value of dwelling stock rose $325bn in the June quarter to over $10 trillion, driven mainly by increases in the mean dwelling price in NSW (+$32k) and QLD (+$26k) However, Morgan Stanley reports office tower valuations could fall another 10-15% Why is this happening? Working from home phenomenon has persisted, at least for 3 days per week  What does it mean? This could be interesting news for REITs and super funds What does it mean for property? Commercial office prices to fall  Story 3: Record low rental vacancies Record high population growth, and record low rental vacancy rates. International arrivals in January hit 1.7m, the highest since January 2020 Why is this happening? Temp visas are at a record high of 2.55m, including a record 650,000 international students, with population growth at 2.4%. What does it mean? Despite this, the rental market seems to be a bit steadier and less panicked  What does it mean for property? Ongoing rental shortages and pressures to continue for the next 2-3 years? Australian Property Podcast resources: ABC - Insolvencies REA Housing Crisis International Students Pete's blog Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Property OR shares (or a bit of both)?!In today's episode, we're opening the can of worms that many Australians can relate to: the great debate over investing in property or shares.Kate Campbell moderates the debate between Owen Rask (team property) and Tom Wilson from InvestSMART (team shares).Who won? Let us know via Instagram.Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's edition of 2 Sense on The Australian Property Podcast, where we break down the biggest news headlines of the week and tell you what this really means for you.Mortgage Broker Chris Bates and Buyer's Agent Pete Wargent talk about pattern book housing, stronger market dynamics, and the future of Australia.Story 1: Pattern book housing proposal for NSW A new proposal launched by Housing Group Now to speed up the supply The proposal: 375,000 dwellings in 5 years, building up 30 medium-density suburbs across the city Benefits: Supply increases if it speeds up building approvals and projects Risks: Quantity over quality, cutting of corners, defects, etc  Story 2: Stronger market dynamics, could buyer FOMO explode? With the rate on hold for the 3rd consecutive month and household consumption now slowing, buyer FOMO is set to explode Listings rose in August in Sydney and Melbourne as vendor confidence grows Westpac calling next move down in 2024  Story 3: Intergenerational report reveals what Australia could look like in 2063 Population projections 43 million in 2063 (we usually overshoot the projections) Estimate large ageing population and young migrants The healthcare sector will require huge investment and employment (noteworthy for housing and commercial property too)  The expectation is that there will be a large investment in renewables Tax: Australia may need to shift the focus away from income taxes which are already very high, towards other forms of tax e.g. inheritance, land tax, higher GST etc Australian Property Podcast resources: Story 1 - Pattern Book Housing Story 2 - Buyer FOMO Story 3 - Intergenerational report Pete's Blog Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Australian Property Podcast, Buyer's advocate Amy Lunardi and Rask founder, Owen Rask are discussing how to develop a property brief. They will talk you through what exactly is a property brief, where it should sit within the buying process, and how this differs from your strategy.So, what is a property brief? A condensed idea (ideally written down) on exactly what you are willing to purchase, this includes budget, location & characteristics of the property. Amy and Owen are going to double-click on how to develop your property brief so that you can implement this in your own property journey.On this episode: What is a brief? Brief vs strategy Why do you need one? Home vs investment brief Breaking down each of the elements: Budget Locations Non-negotiables & bonuses Doing a reality check Mistakes Amy often sees made (not doing it at all, not doing it thoroughly enough, maybe locations, bonuses vs non-negotiables, not being on the same page, not doing the reality check, saying “would consider if was…”) Tradeoffs and compromises Communicating your brief to agents Changing the brief over time Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this week's 2-Sense on The Australian Property Podcast, where the team takes a look into the top 3 property news stories and breaks down what this means for you and your property.Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates are discussing the regional market, underuse of dwellings & lending buffers in this week's episode.This week's stories:Story 1 – Regional Markets Under Pressure Migration patterns are now normalising post COVID Capital city prices up 1% in August, closing in on previous highs, but some regional markets are under pressure and are now seeing price declines CoreLogic’s latest regional market analysis shows interest rates are impacting regional Australia more than in the big cities On the plus side inflation figures did ease – and building costs and building approvals are slowing   Pre-retirees selling homes to fund retirement Story 2 – 1.3% of dwellings unused Only 1.3% of dwellings appear to be unused according to electricity use It’s a lot different from the 10% talked about on Census night when people are often travelling or overseas What does this mean for holiday homes and Airbnb? Some Airbnb properties are doing 10% yields How is this impacting rental markets? Thoughts on regulations and whether they are a good investment? Story 3 – Lending buffers – non-banks pushing the envelope Pepper is now using a 1% buffer for some investors Is 3% too tight? Shayne Elliott of ANZ says the settings are wrong Peter Tulip also says it’s paternalistic and unnecessary What happens next and when? What do we think will happen with interest rates and borrowing capacity in the future?  What we think could occur for first home buyers who want to enter the market Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Property Event with Pete & Chris Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the Australian Property Podcast, Mortgage Broker Chris Bates is joined by Jamie Nemsis founder of Wattle Partners, a prominent financial advisor and retiree specialist. Chris and Jamie are deep-diving into where wealth is sitting and how this is affecting property. Together they discuss the wealth mindset of Baby Boomers, wealth transfer, and retirement.About Jamie Nemsis:Jamie is one of the founders of Wattle Partners. Having been in the industry for more than 20 years. Jamie’s career spans the corporate and private sectors, growing and building businesses across financial services. Wattle Partners is one of Australia's most respected advisers, and are specialists in retirees.Insights into the minds of Baby Boomers  How do pre-retirees feel about their home, debt, and investment properties coming into retirement? How do retirees feel about downsizing or treechange? The opportunities and challenges? How has property built wealth for Baby Boomers? Have they made more or less money from residential than other asset classes?  Jamie's personal view on property Financial Advice industry - Jamie's thoughts on conversations around their biggest single assets usually their home/investment properties and debts How do clients feel about helping their kids? If they have enough, do they want to, and even if they don’t have enough? Are they worried about future generations or feel they just have to figure it out for themselves? How are they helping their kids and often grandkids? Conversely, How should kids approach their family for help with their property moves? Do they often underspend post-retirement and under save going into it? Buying Residential Property In SMSF Jamie's take on the new Super Tax on bigger balances? Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core  membership for $0.99 INFORMATION WARNING!This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices