Australian Property Podcast

Welcome to this week’s 2 Sense where the Australian Property Podcast team discusses the latest news headlines and breaks down what it means for your property.This week Buyer’s Agent, Pete Wargent and Mortgage Broker, Chris Bates shrinking lot sizes, price surges, mortgage resets & new proposed policies,Story 1 – Lots shrink and prices surge Land prices up significantly over the past decade, according to the HIA  Particularly large increases in Sydney and Hobart with the lowest in Perth Lot prices have also shrunk. Price per square meter is up 200% in Sydney How are smaller blocks affecting the housing market? What are the drivers? Population growth, slow land release, or both? What does it mean for housing going forward?  Story 2 – Mortgage cliff a mirage  Fixed-rate mortgages will reset from 2% to 6% for many borrowers, meaning a total of $350bn of loans in total to reset (out of $2tn mortgage debt in Aus)  What does it mean?  Will we see a reduction in consumption, and some will go into arrears to be forced to sell?  Are we halfway through the cliff now? Arrears have increased a bit (CBA results, Bendigo Banks, etc), but not too much so far  How long to go? The rest of 2023, but looks promising to date, so will the market drop as a result? Story 3 – New housing supply target The government has increased the target to 1.2m homes over 5 years to 2029, and a renewed focus on renter rights Prime Minister has backed away from the rent freeze (reduction in supply) Why is it proposed? Undersupply is looming, and record population growth Will it happen? We have never built over 225k in a year before, so 240k a year for 5 years is a huge ask.  What about the quality? Defects, leaks, structural issues? There will be increased pressure on materials prices and we don’t have enough skilled labour. What does it mean for property? The big push for land release and rezoning. Caveat emptor with new builds. Learn more about your ad choices. Visit megaphone.fm/adchoices

A question that many property owners and sellers want to know - how to deal with real estate agents!Buyer’s Agents Amy Lunardi and Pete Wargent tell you what to look out for, what questions to ask, and how to approach speaking to agentsSometimes it can feel like agents are in a position of power, but we hope this episode can empower you with the knowledge of what to look for and what questions to ask.On this episode of the Australian Property Podcast Who are you dealing with, and how to interact with real estate agents How to make initial contact with agents - how that will differ during different stages of your purchase journey How to negotiate and have conversations when working with an agent  Auctions vs sale by private treaty - how this impacts the way you interact with your agent Do’s and Don’ts when dealing with real estate agents In this episode, we hope to give you insights in order to put yourself in a position where an agent is happy to deal with you, clear with your brief, and ultimately get you into your desired propertyAustralian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Invest With Queenie 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 episode of 2 Sense, where The Australian Property Podcast experts are breaking down some of the week’s most interesting news headlines. This week Buyer’s Agent Pete Wargent is joined by Rask founder, Owen, and are discussing the rental shortage in Melbourne, recent upgrades in price forecasts, and what the greatest intergenerational wealth transfer means for the property market.On this episode of the Australian Property Podcast:Melbourne’s rental shortage to worsen? Melbourne's vacancy rate is now 0.8%, down from 1.7% a year ago, and rents rose 12.6% from a year ago What does it mean for property owners and tenants? Expanded land tax for landlords is due to come in for landlords from 1 January 2024 3 Talk of rent controls. Are some landlords exiting early or investing elsewhere? What does it mean for property? What should listeners consider doing, if anything? Westpac updates dwelling price forecasts Westpac has upgraded price predictions with Sydney to rise 20% from 2023 to 2025, Melbourne up 9%, Brisbane up 13%, and Perth 20% What does it mean? What are some of the reasons behind this? Low stock listings, high population growth, undersupply expected, and interest rates about to peak. Sydney Shortage Over the weekend, The SMH reported how Sydney faces a shortfall of at least 134,000 dwellings over the next five years amid the Albanese Government’s record immigration program Core Logic Data shows that Sydney house prices continued to climb in July, rising by one percent to an even more unaffordable, despite the Reserve Bank’s 12 interest rate rises since May 2022. What could this mean over the long term? Intergenerational wealth transfer A recent study by research house McCrindle estimates this generation will inherit the colossal figure of $3.5 trillion from their parents over the next 20 years. What we think this means for property Early inheritance on the cards for some Gen X’ers, Parents helping kids onto the ladder Estate planning Implications for the FIRE community etc Australian Property Podcast resources: Westpac forecasts AFR - great wealth transfer How to help your kids onto the housing ladder – Stuart Wemyss Die with Zero - Getting All You Can from Your Money and Your Life Australian Property Podcast online - videos, notes & resources Invest With Queenie 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, we are joined by a very special guest, Queenie Tan. Queenie is one of Australia’s most loved content creators. You might have seen or heard her on The Australian Finance Podcast, in our Rask Education courses, or on her own social media where she shares her tips and tricks to help your money go further.Queenie is joined by Rask founder Owen and Buyer's Agent Amy Lunardi as they discuss her property journey so far and her future goals.On this episode of The Australian Property Podcast: How Queenie bought her first property Why she bought her property What she looked for when choosing a property i.e. location, amenities, transport How you can build your property goals and your property why Renovating your property, cost, DIY, shopping around for professionals Rentvesting 101 Considerations on how much you want to spend Borrowing when you are self-employed What are Queenie's next property goals and aligning those goals with personal goals? How working with property professionals can help you understand your property options Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Invest With Queenie 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 we look at the latest property news and headlines and give you a breakdown of what this means for your property.This week Buyer’s Agent, Pete Wargent and Mortgage Broker, Chris Bates are covering how easing inflation levels may affect interest rate hikes, what is happening to foreign investment in Australian property and taking a look at overseas markets.On this episode:Easing inflation for Q2 The inflation level fell 0.8% for Q2, we take a look at some of the factors that contributed to this number Bond markets betting on potentially no further hikes (and possible rate cuts next year) What are some of the inflation risks that still exist? Rents, energy, oil prices, insurance, other services etc What these new figures are doing for property sentiment Chinese developers exiting the Australian market With more insolvencies this month and apartment projects in limbo, we take a look at why developers are finding it more difficult to make a profit in today’s market What this might mean for supply shortages What is happening with demand from foreign buyers?  Canada property booming, despite higher rates What’s happening? What are some of the driving factors? Strong demographics, with record population growth What do we take from this and the implications for Australia?  Understanding supply/demand imbalance Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources AFR Inflation AFR Foreign Investment 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, Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates are answering some of your property questions.The guys are covering everything from holding, selling, or renovating your property, types of home loans, how to work with property experts and how to find a target rental tenant.On this episode: Renovate, Sell, or Hold?What economic factors are impacting the housing market and how to make decisions regarding your assetsTypes of loans - fixed vs variable What is better during the long term with rising rates? Can you make changes to your loan? what are the implications? How to offset accounts work? Working with mortgage brokers What are the types of brokers you can work with and what to look for when deciding to work with a professional Preapproval 101 Finding a target rental tenant What sort of research you should be doing How to profile and suburb or an area Off-market opportunities Is it worth hiring a buyer's agent and what to consider when you're staying within a budget Benefits of using a buyer's agent and what they can really offer How to determine what a 'good asset' isEstablished/new, location, scarcity, demographics, turnoverHEMs on your home loan applicationWhat are banks looking for to ensure you can afford your loanAustralian 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

Every Sunday morning the Australian Property Podcast gang breaks down the biggest news stories of the week. Mortgage Broker, Chris Bates and Buyer's Agent, Pete Wargent are talking about inflation, housing supply, mortgage stress & potential rent controls.With inflation figures lower than expected, how do we expect the housing market to shift? Chris and Pete discuss some of the latest research and what they are seeing in the market.On this episode of the Australian Property Podcast:Jarden Research shows that new listings are above average, and more listings are coming to market in Sydney. Could this be a start of a wider trend? Refinancing numbers - increasing numbers of people unable to refinance, will this mean more investors sell off their properties? The report highlighted the low levels of listings over the past year, however, there has been an unseasonable jump in listings over the last month - is there a shift in market sentiment? Where are these new listings? Mortgage stress & arrearsBoth personal and house loan arrears are rising across all the data sets, we take a look into where the stress is emerging over the country.Victoria rent controls What this could mean for your property & housing supply How do rent controls work? What restrictions and or taxes could we see to come in on Airbnbs? Australian Property Podcast resources: The Australian Mortgage Arrears Data Victorian Rental Policy 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, Buyers Agent Amy Lunardi and Rask founder Owen Rask are joined by Rebeka Morgan from Buildher Collective. BuildHer Collective helps women build and renovate their homes through her community. Rebeka used her experience in construction to guide her clients and community to understand that property development is more accessible than it seems. She has helped countless people around Australia, as well as Amy herself!On this episode, we are covering the business Rebeka has built and understand the different options you have if you're looking to renovate or build for profit.On this episode of the Australian Property Podcast: How can ‘regular’ people make money through renovating & building? In what situations have you seen it done well? And not so well? Some of the common mistakes when renovating Misconceptions people have when it comes to developing (small-medium scale) How can you figure out how much a project might cost What kind of profit margins should you be aiming for when considering developing/renovating and why? How people generally finance build costs Some of biggest risks to consider when developing & renovating How do you find reputable people to work with? Builders, architects Australian Property Podcast resources: Rask Events Roadshow: https://www.rask.com.au/road BuildHer Collective 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 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

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