Australian Property Podcast

Rask
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Jul 22, 2023 • 43min

2 Sense: RBA changes, construction costs calming & students swamping cities

Welcome to this week's episode of 2 Sense, where we cover everything you want to know about the most important news headlines of the week. Buyers Agent, Pete Wargent and Mortgage Broker, Chris Bates will be breaking down what the headlines mean for you as well as answering some of your questions. We'll be covering everything from construction to the new Governor of the RBA as well as how student intakes are affecting the housing shortage.On this week of the Australian Property Podcast: Construction costs finally easing, but where are we building? Construction cost growth is the lowest since 2020, so what is happening with construction levels? Total dwelling commencements rose 14.0% to 46,546 dwellings in the March 2023 quarter Cost pressures from inflation are finally easing Location and prices of property What areas are driving demand and value? How aspects of homes determine property demand and value How infrastructure development is adding value to homes Locations that have a 'village' aspect are adding value to property prices New RBA Governor Michele Bullock has been announced as the new RBA Governor, the first female Governor What we expect to change within the RBA policies Students taking the housing shortage to a new level Record number of international student intake, over 500,000 visas issued for FY2023 How this is impacting the already meaningful housing shortage How this can be beneficial for labour shortages and wage growth pressures Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road McGrath Research Macrobusiness 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
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Jul 18, 2023 • 53min

How mortgage broking works: getting a home loan, inside & out

How do you actually get a mortgage? How do you get a loan for a property and what happens on settlement day?Work with Chris: Rask + Blusk mortgage brokingIn this Australian Property Podcast episode, Chris Bates, the founder of Blusk who was recently voted one of NSW's top mortgage brokers; and myself (Owen Rask, founder of The Rask Group), dive deep into every single step of the mortgage broking process.Chris and I cover every step of mortgage broking and how a really good mortgage broker should treat their client (you).If you're new to getting a mortgage, buying a property, or simply thinking about partnering with a good mortgage broker, I think this Australian Property Podcast episode is for you!In short, there are two ways most people get a loan in Australia to buying a property: Go direct to a bank. Use a mortgage broker. This is now the most common option, by far.  Over the past decade, the mortgage broking industry has blossomed because, I think, it helps would-be property owners make a more informed decision when it comes to picking lenders, finding a good rate, understanding the different types of 'products' (offset accounts, redraw, fixed versus variable loans, etc.). However, in my opinion, the distance between good mortgage brokers and bad mortgage brokers is incredible. Unfortunately, picking a good one out of the gate is really tough! In case you're new to The Australian Property Podcast (welcome!) and for disclosure only, Rask & Blusk have a referral partnership in place. You can find all of the details on our mortgage broking page. Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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
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Jul 15, 2023 • 41min

Pete's view on US inflation, is the rental crisis over, and why 1.2 million migrates are flocking to Canada

Pete Wargent and Chris Bates are back on The Australian Property Podcast 2 Sense and talking about the big Australian property stories and answering your questions this week.In the spotlight this week:Pete's view on US inflation and Chris' view on a potential recession. The unseasonal surge in property listings and what that means Is the rental boom over, or will the rental crisis rear its ugly head again? 1.2 million people are flocking to Canada -- and here's why! Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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
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Jul 11, 2023 • 40min

🧠 House and land packages - everything you need to know

House and land packages are a growing segment in the property market and a popular way for Australians to enter the housing market. However, it can be challenging to understand whether this type of property is right for you and your pretty goals and circumstance. On this episode, Buyer’s Agents Pete Wargent and Amy Lunardi will discuss what you should consider and deep dive into the pros and cons of house and land packages from purchasing your own home to an investment property.On this episode of the Australian Property Podcast:How to define a house and land packageHouse and land packages - your home versus an investmentIf you are buying your home: Pros  Cheaper option  Brand new, more accommodation  Lock in land price now, build later  Less stamp duty Making changes to design/customisation  FHOG  Drawbacks Lifestyle: Amenity, distance from CBD  Finance risk: delays to title, land value goes down, circumstances changing, build cost goes up Unexpected costs  Builder risk Lengthy delays  If you are an investor: Benefits. Why do people invest in properties that aren’t built yet? Depreciation benefits from a new property Easier to rent out May make some capital gain if the land and build cost is less than the final value Drawbacks: Also, less scarcity, less amenity Considerations when thinking about purchasing a house and land package Where to start Location? Fringe greenfield estates? Almost by definition, H&L packages are often in locations which are being developed and where land isn’t scarce. Walkability to amenities, transport, cafes, restaurants etc.? How long will it take?Current rates are up to 24 months. On average 22 months per PropTrack data.  Is the developer reputable? Insolvencies in the construction / developer industry are currently rather high Is it a fixed price? What are the risks of overruns and hidden extras? How will you finance the deal? Is it safer simply to buy an established property? Are there incentives for investing in a new property? Stamp duty exemptions etc. First homebuyer gents etc.  Rules and regulations for building and approvals needed  Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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
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Jul 8, 2023 • 39min

"F#$k this, I quit!" Real estate agents are leaving, tree changers head back to the city, and NSW FHB schemes

Pete Wargent and Chris Bates are back on The Australian Property Podcast 2 Sense and talking about the big Australian property stories this week.In the spotlight this week: Australian real estate agents are quitting. It's last-in, first-out as real estate agents exit the space. Properties for sale in capital cities are down 26% from their five-year average.  The NSW First Home Buyers Assistance Scheme has expanded. "On or after 1 July 2023, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000 and a concessional rate of duty for homes up to $1,000,000." Back to the city! Tree changers from covid are returning to the big smoke as employers require more people in the office. But will it stick?  Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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
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Jul 4, 2023 • 49min

Amy's $25k Renovation: How to add the most value to your property

How can you add value to your property through renovation? This is a question many Australians are face when purchasing a property, for either personal or investing. Renovations can be a big task so it's important to consider whether the time, money, and effort will align with your property goals. It can be a challenge to know what the market wants and what people like, so this episode will help you understand the best strategy for you!Buyer's agent Amy Lunardi and Rask founder Owen Rask talk through actionable ways for you to understand how to add value to your property.On this episode of the Australian Property Podcast: Amy and Owen's personal experiences renovating Renovation goals: What are you trying to achieve? Is your renovation for personal or financial benefits? Ways to add value: Cosmetic Paint, flooring, curtains/blinds, light fittings, landscaping, benchtop Changing floorplan Extending up or out Things that do not necessarily add value Insulation Solar panels Irrigation Better appliances Ways to save money Labour Materials Sprucing up for sale Focus on the feeling of a property Cosmetic and comfort Consider the demographics Speak to local agents Extra considerations Avoiding replacing something you’ve already paid for (eg buying a property with a modern kitchen then replacing it) If doing major works, ideally increasing the accommodation or size Overcapitalising Consider the true costs – holding costs, opportunity cost, your time Sometimes can open a can of worms once you start Australian Property Podcast resources: Amy's 100-point checklist (PDF) Amy’s new property course Rask Invest – invest with Owen Mortgage Broking Financial Planning Property Coaching Business Coaching Accounting with Grey Space Ask a question Rask Core  – DIY investing Owen’s FREE investor bootcamp 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
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Jul 1, 2023 • 38min

Record property price forecasts? Plus, record mortgage repayments incoming & what the latest inflation means to property

Pete Wargent and Chris Bates are back on The Australian Property Podcast 2 Sense and talking about the big Australian property stories this week.Economist and Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates discuss these three property stories: Domain's Australian. property price forecasts Monthly inflation figures and the impacts of higher interest rates on housing Record mortgage repayments Story links: http://petewargent.blogspot.com/2023/06/domain-forecasts-new-highs-in-these.html & https://www.afr.com/policy/economy/building-pipeline-in-wealthy-suburbs-hits-rock-bottom-20230613-p5dg43 http://petewargent.blogspot.com/2023/06/aussie-inflation-plunges.html https://www.macrobusiness.com.au/2023/06/retailers-brace-for-brutal-recession/ Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road 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
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Jun 27, 2023 • 45min

This is how housing policy should change with Peter Tulip

On The Australian Property Podcast, we are committed to providing insights and expert opinions from some of the most prevalent property professionals in Australia.On this episode, Buyer's Agent and author, Pete Wargent is joined by Peter Tulip, Chief Economist at the Centre for Independent Studies. Previously having worked in the research department at the Reserve Bank of Australia, Peter has written several research papers that point to planning restrictions as the reason housing is so expensive. His work has been cited in official reports on housing policy by the Productivity Commission.This is a jam-packed episode that deep dives into housing policy including interest rates, zoning, lending, and monetary policy.On this episode of the Australian Property Podcast:The housing supply: how did we get here? What are the main challenges? What are the best solutions? How do we measure supply Upzoning - what is it and how does it work? Immigration and housing supply 'Character' of a suburb and high rise developments Housing market remodeling: how central banks model housing prices, potential benefits and flaws of such modeling & dealing with market shocksCentral Bank Review: Leaning against the wind. What does the RBA review for and what will it mean for Australians?Technical skills and monetary policy: What are some of the technical decisions monetary policy experts have to make? What will the challenges be in the future?Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road Housing affordability and supply Effect of zoning on house prices Planning restrictions misunderstandings  A need for land use reform? Does high-rise development damage local character? Excess demand for apartments in Australian cities 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
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Jun 24, 2023 • 43min

2 Sense: Population & jobs boom & the most millionaires migrate to Australia

Every Sunday the Australian Property Podcast gang get together to discuss some of the most topical property stories of the week. We are on a mission to help give you a plain English take on the headlines and what they actually mean for you and your property.Buyer's Agent, Pete Wargent and Mortgage Broker, Chris Bates sit down to discuss how much population growth will affect the housing market, the booming jobs market, consumer spending declines, and why Australia is the number one destination for high-net worth migrants in 2023.Population boom Population expectations revised up to 26,583,000 What this means for the housing market and why this could be a good opportunity for construction and developers Jobs boom continues (for now) +75,900 jobs in May and unemployment is still 3.6% With upward pressure on interest rates increasing the cost of living and putting pressure on businesses will this change the job market? High net wealth migration to Australia 122,000 + millionaires are expected to migrate to Australia Australia, often seen as a safe haven and is attractive to those looking to settle somewhere safe and enjoyable to raise their families or retire The effects on the economy and property Australian Property Podcast resources: http://petewargent.blogspot.com/2023/06/australias-population-revised-up-by.html http://petewargent.blogspot.com/2023/06/bigger-and-faster-than-previously.html http://petewargent.blogspot.com/2023/06/consumer-spending-falls-off-cliff.html http://petewargent.blogspot.com/2023/06/more-sydney-buyers-than-sellers.html https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2023/inflows-outflows http://petewargent.blogspot.com/2023/06/follow-money.html 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
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Jun 20, 2023 • 43min

This is how to value property like a pro with Amy and Pete

Today we are talking about something every homeowner or homebuyer has probably wondered - how you value a property. Buyer's agents Pete Wargent and Amy Lunardi are experts in this area and help their clients value properties every day. They are going to break down some of the things you can do yourself to understand the market, and where your property may fit within it.On this episode of the Australian Property Podcast:These are the considerations that you should have in your mind when valuing a property1. Find out how much similar properties have sold for. ...where to find the data, how to rank properties by value2. Understand the current property market.3. Look at housing market predictions.4. Use online tools. ...5. Check the previous sale price of your property.6. Take your local area into account.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

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