Australian Property Podcast

In this 2 Sense episode of The Australian Property Podcast, property coach Pete Wargent and Australia's top mortgage broker Chris Bates take on the top 3 property stories of the week.On The Australian Property Podcast this week: Australia home ownership to fall? Where property demand is set to soar Harry Triguboff pleads for no rate hike as insolvencies soar Resources you'll love Rask Invest - Invest with Owen: https://bit.ly/R-invest Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach Ask a question: https://bit.ly/3QtiY00 Ownership to fall: https://www.macrobusiness.com.au/2023/10/home-ownership-dream-fades-to-black/Property demand to soar: https://www.afr.com/property/residential/where-property-demand-is-set-to-soar-20231019-p5edifTriguboff pleads for no rate hike: https://www.theaustralian.com.au/business/triguboff-pleads-for-no-rate-hike/news-story/bebd59bb1fd88aaf9f59944925c44751INFORMATION 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 Carlos Cacho, Chief Economist at Jarden. Carlos and Chris will be giving us their litmus test on the market, economic expectations, policy, and prices.On this episode: Banking and borrowing capacity What we are seeing in the rental market & what we think will happen How the wealth transfer is effecting property buyers Immigration and housing supply Drivers of supply and demand for housing Inflation expectations Housing policy What we are seeing in the construction sector Monetary Policy and mortgage stress Refinancing - how this has given home buyers a bit of a cushion to offset some rate hikes Tailwinds that could face Regional vs capital cities 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 the latest 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 discuss mortgages swallowing 1/5 of households, overseas students driving migration, and investor exodus in Sydney and Melbourne. Story 1: Mortgage monster swallows 1 in 5 households The cash rate target has gone to 4.1%, and may even rise further and repayments exceed incomes in some households  Why? Overstretched? Over-leveraged borrowers? Other costs of living have soared What next? Unemployment up? Arrears up? Defaults? Forced selling? Story 2: Indian Students migrating to Australia and Canada Population growth is at record highs – a huge driver is the return of international students India is taking over from China and is a key driver of population growth India is a different economy from China, and won’t need as much of our minerals  SQM reports that rental vacancies are going to hit all-time lows in October  What next? Population growth should normalise once student figures normalise Story 3: Investor exodus gathers steam in Melbourne and Sydney More stock listings are accounted for by investors selling off Where? Mainly Melbourne especially inner Melbourne  Why? Cashflow sensitive, offloading underperforming assets (and Melbourne units have been) What next? Investor financing is actually also rising, so it’s a tug of war in both directions. New listings are up, but are being absorbed too. Australian Property Podcast resources: Story 1 Story 2 Story 3 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

On this episode of The Australian Property Podcast, expert Buyers Agents Pete Wargent and Amy Lunardi are giving you a crash course of everything you need to know about building and pest inspections.We're covering:What building inspections are for and what they cover: Major defects Minor defects Safety hazards Which properties to get one on? When to do them? Questions to ask your inspector before engaging them Questions you can ask the inspector/should ask after the inspection Should you go with them? How to find an inspector Buying existing reports Limitations of building inspections Determining repair costs Other inspections (plumbing, structural, moisture) 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 the latest 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 discuss the housing shortage forcing people to turn to granny flats, property investors driving a mortgage rebound, and why 1/3 of builders are losing money.Story 1: Desperate Aussies turn to granny flats CoreLogic economist Eliza Owen notes the following reasons why the rental market is still so high: (1) a shortfall of rental listings at a time when people are once again migrating to Australia in big numbers, (2) a growing desire among people post-pandemic to live in bigger homes with fewer people and (3) shortfall in investors building new properties for renters as interest rates have risen. Not such good news for renters in the short term as there's going to be some pain as we continue to see strong flows of net overseas migration. What's next? Story 2: Property investors drive mortgage rebound According to the Australian Bureau of Statistics (ABS), overall mortgage commitments rose by 2.2% in August, with owner-occupier commitments rising by 2.6% and investor mortgage commitments rising by 1.6%. The rebound in overall mortgage growth is being driven by investors, with the value of investor commitments almost back at the 2015 peak. While a higher than usual share of investors are selling, there are also more investors purchasing The situation facing property investors should also improve over the coming year given the rental market is experiencing record tightness, population growth is booming, prices are rising, and reduced construction levels. What's next? Story 3: A third of large builders are losing money Despite talk of greedy developers, many are going bust, and a third of larger developers are burning negative cashflow according to the FSR released by the Reserve Bank of Australia. Materials cost inflation slowed to 0.2% in the September quarter (Coredell), but wages are still under pressure due to skills shortages across the construction sector because of thin margins, leverage, rising interest rates, and soaring costs. It is expected to have more insolvencies, undersupply, unit rents to rise, and units to outperform for the next year or two in the capital cities. Australian Property Podcast resources: Story 1 Story 2 Story 3 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 a Tuesday 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 discuss Chinese buyers roar back, Aussie property prices hit record highs, and how El Ninois impacting farmland Story 1: Chinese buyers return to Aus property As Chinese students and migrants return to Aus, pathways to foreign buyers pick up again. Enquiries are up 76% YoY in Q2 (Juwai) after 3 years of lockdowns FIRB saw approvals rise 40% over the year for Chinese buyers in FY2023, with a boom in the June quarter this year   Where? Mostly a Sydney/Melbourne dynamic, and more into larger homes this time around – houses and townhouses more than small units  Why? Chinese borders reopened in January so there is a lag effect at play here, and we are now seeing the catch-up Capital flight, aspirational to own Aus property and move to/live in Australia What next? Story 2: Aussie property prices return to record highs (The Aus, PropTrack) Prices fully recovered downturn by September 2023, a bit different from what some have forecast!  Where? Adelaide, Brisbane, Perth, and Sydney just -0.3% below the record  Why? Record population growth, few forced sellers, low stock, rising rents, soaring building costs  What next? Steadier growth into 2024 and 2025  Story 3: Farmland returns drop to 8-year low on El Nino Farmland impacted by weather, foreign owners have sold to lock in gains at high prices Why? Cyclical, weaker commodity prices, El Nino, and some sellers locking in gains What next? Foreign ownership to rebound as the world opens up, FIRB restrictions have had an impact Australian Property Podcast resources: Story 1 Story 2 Story 3 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 special episode of The Australian Property Podcast, where we help you break down everything you need to know about the market and your property.On this episode, Mortgage Broker, Chris Bates is joined by George Morice, chartered accountant and director at Prime Partners.Chris and George are discussing what you need to know from a tax perspective throughout your property journey.Chris and George will be discussing: Tax mistakes Opportunities Things to avoid Myths First home buyers Capital gains tax Investment Properties 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

In this episode of The Australian Property Podcast, we are discussing guarantor loans.Buyer's Agent Amy Lunardi is interviewing our resident mortgage broker Chris Bates on the ins and outs of guarantor loans.For first-home buyers (or seasoned buyers), getting a deposit and entering the market can be challenging and guarantor loans can act as a very powerful tool.We discuss: Ways to enter the market what options are available have what are the considerations what you need to know to make an informed decision 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 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