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

We all dream of financial success, and for many, property investment is a path that promises long-term prosperity. It's easy to get swept up in the allure of strategies that promise quick returns, but how do we know if these tactics are built on substance or mere hype? How do we tell the difference between solid investment choices and empty promises? In this episode, we explore the intriguing realm of exclusive access and so-called "secret recipes." There's always someone offering a shortcut to prosperity, but what's the evidence behind their claims? We also dive into the stories of these "sub advisors" who confidently tout untested methods. What drives their confidence, and how do they build businesses without solid foundations? Joining us today is Stuart Wemyss, a respected financial planner and author with a keen focus on both finance and property. Stuart is a trusted voice in the realm of finance, known for his down-to-earth explanations of complex concepts. What sets him apart is his commitment to evidence-based approaches. Instead of pushing quick fixes, Stuart values a well-informed perspective that's free from hidden agendas. By the end of this episode, you'll be better prepared to navigate the complex world of property investment with a discerning eye. Tune in now to join the conversation and gain insights that could reshape your investment approach. Episode Highlights: 00:00 - Introduction 01:21 - Who is Stuart Wemyss? 03:08 - Has Stuart’s philosophy and fundamental beliefs changed? 04:48 - Is the mortgage brokers industry undergoing a transformation? 10:53 - What factors contribute to the "all or nothing" mentality in property investment? 13:09 - The complexities of property investment compared to shares 20:28 - The misconceptions associated with timing the property market 24:58 - The volatility of the property market 26:03 - What are the common mistakes in asset selection that property investors make? 30:17 - Why is considering long-term consistency important in evaluating property investments? 34:49 - Alternative property investment strategies for individuals with limited budgets 37:45 - Alternatives to property investment recommended for building retirement wealth 39:46 - Stuart’s thoughts on investing in the share market while saving for property deposit 43:31 - The pros and cons of buying property within a superannuation fund 50:01 - Factors to consider when deciding between a home upgrade and property investment 54:55 - Stuart Wemyss’ property dumbo About Our Guest: Stuart Wemyss is a qualified chartered accountant, independent financial adviser and mortgage broker with over 20 years' experience. His business, ProSolution Private Clients, has helped hundreds of people invest successfully. Stuart is licensed to provide financial, credit and tax advice, which means he's able to give holistic advice.Stuart has always believed in the need for people to be able to access trustworthy, independent financial advice. Nothing upsets him more than to hear about selfish advisers ripping off their unsuspecting clients! This passion is what drives him daily to write books and blogs, publish podcasts, appear in the media, advise his clients, mentor his staff and give presentations &– whatever it takes to help more people access a source of unbiased information and advice. Connect with Stuart Wemyss: Follow Stuart on LinkedIn: https://www.linkedin.com/in/stuartwemyss/ Check out Stuart’s book: https://www.prosolution.com.au/buy-investopoly/ Visit Stuart’s website: https://www.prosolution.com.au/ Listen to Stuart’s podcast: https://podcasts.apple.com/ph/podcast/investopoly/id1348458167 Resources mentioned in this episode: Episode 39: Where Can You Get Excellent Financial & Property Advice? https://theelephantintheroom.com.au/podcasts/039 Episode 126: Lending Rules & Predicting the Property Market https://theelephantintheroom.com.au/podcasts/126 Episode 162: Houses vs Apartments https://theelephantintheroom.com.au/podcasts/162 Episode 225: Getting Started With Commercial Real Estate Investing https://www.theelephantintheroom.com.au/podcasts/225 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In an age where artificial intelligence is making waves across many industries, the buzz is louder than ever, sparking discussions on its incredible potential and potential pitfalls. But, as we dive deeper, a new question arises: how will the rapid AI advancements reshape our understanding and interaction with complex markets, like real estate? Today, we sit down with Luke Metcalfe — founder of Microburbs, and listen as he unpacks the transformative potential AI holds for the property market. He delves into the exciting prospects AI offers, where instant insights could reshape the way we evaluate property, saving time and resources. As we explore the changing dynamics, Luke emphasises the evolving roles of various experts in this realm. While AI might provide quick answers, it takes a seasoned data scientist to formulate the right questions in the first place. With AI's assistance, a new paradigm is emerging, empowering investors, real estate professionals, and even potential homeowners with deeper insights into property markets. But will AI really pave the way for a more efficient and informed decision-making process in real estate, or should we remain cautious about its impact on the accuracy of investment choices? Episode Highlights: 00:00 - Introduction 01:12 - Who is Luke Metcalfe? 03:30 - How does data utilisation enhance real estate investment strategies? 10:46 - What factors beyond metrics are now considered for successful investments? 14:50 - Is AI's predictive power the future of tailored property suggestions? 19:45 - The role of a subject matter expert in balancing data-driven property insights 23:15 - Is there a correlation between happiness and a property’s price? 28:35 - Is there a link between incomes and growth? 32:57 - Do demographic shifts in suburb residents affect real estate dynamics? 36:49 - The problem with short-termism in the property space 40:28 - Can data overlays really envision urban development in response to growth? 43:56 - Using the data to model the market 47:26 - The future of real estate from the lens of a data scientist 52:10 - Luke Metcalfe’s property dumbo About Our Guest: Luke Metcalfe is a distinguished name in the realm of data science and entrepreneurship. With over 25 years of experience under his belt, Luke has honed his skills to become a true luminary in his field. As the founder of Microburbs, he has pioneered a unique approach to data analysis that focuses on identifying the core drivers of business outcomes. Luke's expertise lies in swiftly navigating complex datasets, both within organizations and beyond. He's not merely a statistician – he's a polymath data expert who seamlessly combines rapid coding, insights from public data sources, statistical knowledge, marketing insights, and an entrepreneurial mindset.  Connect with Luke Metcalfe: Follow Luke on LinkedIn: https://www.linkedin.com/in/luke-metcalfe-data-scientist/ Visit Luke’s website: https://www.microburbs.com.au/ Resources mentioned in this episode: Episode 16 | The truth about what really makes property prices go up or down https://www.theelephantintheroom.com.au/podcasts/016 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Today, we're putting the spotlight on real estate investments and addressing some of the most pressing questions from our curious audience. First up, we'll be exploring alternative methods to measure the success of an investment property. Traditional metrics like capital growth rates and yield are important, but we dive deeper into unconventional indicators that could reveal hidden gems or red flags in a property's potential. Next, we know how critical cash flow is for any investor. So, we unveil some ingenious strategies to improve your property's cash flow. From leveraging technology to implementing smart budgeting techniques, we've got you covered with practical tips to boost your income and ensure a steady stream of revenue. Another hot topic we'll be tackling is underquoting, a concerning issue in the real estate industry. We discuss potential solutions to protect both buyers and sellers from unfair practices, shedding light on regulations and ethical considerations that can lead to a healthier market for everyone involved. Join us for an enriching episode as we navigate through the complexities of investment properties. From novel ways to measure success, to optimising cash flow, and addressing critical market issues, this episode is packed with insights that will definitely elevate your property investment game.  Episode Highlights: 00:00 - Introduction 00:56 - How to measure the value of an investment property when considering a purchase? 15:17 - Are high yield investments more resilient during economic downturns? 25:47 - Thoughts on the proposed solution to address underquoting in the real estate market 35:53 - Property dumbo from one of our listeners Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

As the real estate market continues to evolve, prospective investors are facing new challenges that demand attention and strategic planning. And resident data geek, Kent Lardner is back to provide valuable insights into the factors contributing to the rising unaffordability and explore potential solutions to mitigate its impact. In this insightful June 2023 Suburb Trends report, we delve deep into the essential information that property investors must be aware of when considering investment opportunities across the country. Throughout this episode, we discuss the impact of fluctuating housing prices, inflation rates, and other economic indicators on property affordability. We also talk about the pivotal role that government policies and regulations play when it comes to shaping the investment landscape, and how investors can adapt their strategies to navigate these changes. Join us as we bring you the most up-to-date data, expert advice, and actionable insights to help you make informed property investment decisions. Tune in and arm yourself with the knowledge you need to navigate the complexities of the current investment landscape and achieve your financial goals. Episode Highlights: 00:00 - Introduction 01:21 - What economic metrics tells us about the effects of AI on jobs and housing 03:41 - What are the specific areas where property is becoming too expensive to rent or buy? 08:22 - Why it’s hard to measure income growth in a suburb 11:02 - Early signs of a rental crisis in the country 14:07 - The potential risks of AI on jobs and housing affordability 19:57 - What factors are currently affecting housing supply and demand? 24:11 - Which housing markets will be most affected by AI's impact on jobs? 31:57 - What’s happening in the property market in Sydney? 34:56 - Assessing affordability risks in different suburbs 40:12 - The impacts of a falling market on the rental market 45:29 - Discussing two different approaches when entering the property market 48:39 - The impact of AI on the real estate market About Kent Lardner: Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media. Connect with Kent Lardner: Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner Kent Lardner’s Website: Suburbtrends https://suburbtrends.com/ Resources mentioned in the episode: Stepping Stone Strategy Tutorial Workshop: https://homebuyeracademy.com.au/ssw Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

How can we strike a balance between accommodating a growing population in our cities and maintaining a high standard of livability? What are the key factors that need to change in our urban planning strategies to ensure cities remain livable as the demand for housing increases? Join us as we delve into the pressing challenges of urban living and explore the concept of YIMBY-ism (Yes In My Backyard) as a solution. Our guest, Eamon Waterford, CEO of the Committee for Sydney, joins us to share his expertise and insights into the future of cities through a Sydney lens. Eamon's journey began by working closely with individuals facing long-term homelessness in Penrith and Blacktown. Through this firsthand experience, he gained a deep understanding of the challenges they face and the urgent need for innovative solutions. Today's episode explores the pressing issue of housing shortages and increasing homelessness that plague cities not only in Australia but all around the world. With a chronic shortage of dwellings, we must reimagine our cities to ensure that everyone has access to safe, affordable housing. We discuss the role of YIMBY-ism, a movement that advocates for the creation of new housing and urban development in existing neighbourhoods. We also touch upon the parallels between the urgency of the housing crisis and the looming climate crisis. As we grapple with these immense challenges, we explore strategies for garnering broader public support and mobilising action. Join us as we navigate the complexities of urban living, envision a future where cities are livable for all, and learn how YIMBY-ism can play a pivotal role in shaping our urban landscapes. Episode Highlights: 00:00 - Introduction 01:18 - Who is Eamon Waterford? 02:54 - What is the committee of Sydney and their role in the community? 05:47 - Achieving equitable urban development: Avoiding zero-sum outcomes 10:20 - What’s the current status of attraction for talent in Australia? 12:51 - The issue about losing reputation and its importance in attracting talent 14:53 - How to address the housing crisis in Sydney 17:29 - Solutions for turning from NIMBY-ism to YIMBY-ism 27:37 - Exploring the impact of zoning changes on housing stock and city development 32:25 - Eamon’s thoughts on the work from home movement 36:49 - What other critical issues should Sydney prioritise alongside housing? 41:21 - Finding solutions that balance the distribution of buildings and living areas 44:25 - What will it take to get positive action from the government to solve the housing crisis? 48:36 - Can the government ALONE solve the housing crisis? 53:19 - Eamon Waterford’s property dumbo About Our Guest: Eamon Waterford is currently the CEO of the Committee for Sydney, leading a career focused on addressing social and urban issues. He has worked closely with the homeless community, conducted the first Homelessness Street Count, and held positions as Chief Strategy Officer and Deputy CEO at various organisations. Eamon has delivered influential reports on urban density, benchmarking, and safety. He also actively engages in Sydney's cultural and social landscape, serving on boards of organisations like Monkey Baa Theatre Company and the NSW Council of Social Services. Connect with Eamon Waterford: Follow Eamon on LinkedIn: https://www.linkedin.com/in/eamon-waterford/ Visit their website: https://sydney.org.au/about/eamon-waterford/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Is the notion of needing a buyer's agent a myth in the world of property investment? Can self-education and a DIY approach truly replace the need for them in the competitive world of real estate? What if the secret to property success lies in empowering oneself rather than relying on external professionals? Join us as we challenge the established norms and dive into a thought-provoking episode with PK Gupta, a renowned expert who firmly believes that anyone can excel in real estate without the help of a buyer's agent. However, PK's controversial stance raises eyebrows and sparks curiosity as he unveils what he claims to be the secret to property success. With PK's background in financial markets and being the creator of a popular YouTube channel and property investment course, he challenges the conventional belief that buyers agents are essential. In this episode, we also delve into the analysis of some case studies to uncover the strategies, decision-making processes, and outcomes that have contributed to PK's success. Whether you're an experienced investor seeking fresh perspectives or a novice contemplating your first steps into real estate, this episode promises to ignite conversations, provoke contemplation, and potentially reshape your approach to property success. Tune in for a conversation where we unravel the mysteries of property investment success and explore whether PK Gupta's bold belief that anyone can thrive in real estate without a buyer's agent holds the key to unlocking your full potential in the world of property investment. Episode Highlights: 00:00 - Welcome 04:47 - PK’s opinion on the role of buyer’s agents in the real estate industry 06:00 - The three C’s that a good buyer’s agent needs to possess 09:07 - Is there value in the relationship between a buyer's agent and a buyer? 13:48 - Are buyer's agents overhyped in Australian real estate? 17:27 - Can anyone just buy property anywhere in Australia from home? 23:05 - Is holding properties the key to unlocking long-term success in real estate? 27:44 - Should property investors prioritise quantity or quality? 36:37 - The best way to measure income growth in the property market 40:46 - What’s the problem with the current market in Brisbane? 42:37 - The misconceptions and biases surrounding property investment decisions 46:19 - Should investors rely solely on property managers for due diligence? 53:14 - Why property managers are dangerous to deal with 57:44 - The difference between property managers and buyer’s agents 1:02:16 - The importance of education in real estate investing 1:05:16 - Why you need to be careful where you choose to invest in 1:13:29 - Is it essential to look at the whole market when choosing property About Our Guest: PK Gupta, a former Investment Banker at JPMorgan specialising in stock research and trading, discovered a gap in the property investing industry. Unsatisfied with traditional seminars and generic strategies, PK aimed to uncover the true drivers of capital growth and high cash flow in Australian real estate. Over the past 5+ years, he has shared his expertise, assisting numerous individuals on their passive income journey. Motivated by the desire for independence and flexibility, PK and his partner (now wife) chose to pursue property investing, aiming to break free from the 9-5 grind and create a life of freedom and fulfillment. Connect with PK Gupta: Follow PK on LinkedIn: https://www.linkedin.com/in/pk-gupta-property Follow PK on Facebook: https://www.facebook.com/PropertyHonestly/ Visit PK’s website: https://consultingbypk.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In the face of soaring property prices and an ongoing housing crisis, the conversation around property affordability has expanded beyond first home buyers and now encompasses the rental sphere. Despite interest rates on the rise, property prices continue to climb, leaving many wondering how long this upward trend will persist. The root of the issue lies in the scarcity of supply, with listings at an all-time low and little indication of improvement. While supply on the rental side poses an even greater challenge, requiring years of rectification and substantial investment, the consequences for dual income families struggling to secure housing are dire. It seems that the housing crises have outgrown the capacity of governments to handle alone. Is Australia's property market, which has been deemed "too big to fail," possibly too big to fix? In this thought-provoking episode, we delve into a discussion with Evan Thornley, CEO of LongView, and Jane-Frances Kelly, Head of Strategy & Insights at Longview, who have dedicated considerable time, energy, and resources to understanding the underlying causes of Australia's housing woes. Longview, in collaboration with Pexa, recently released a series of three housing affordability Whitepapers, with the third installment offering potential solutions to the identified housing crises. Tune in as we explore the innovative thinking and fresh perspectives brought forth by Evan Thornley and Jane-Frances Kelly as they shed light on the complexities of Australia's property market and the urgent need for collaborative efforts among all stakeholders, including governments, community housing providers, and the private sector. Join us as we uncover the proposed solutions that could help alleviate the housing challenges faced by individuals and families across the nation. Can a breakthrough be found amidst this housing turmoil? Discover the insights, ideas, and potential solutions that could shape the future of Australia's property landscape. Episode Highlights: 00:00 - Welcome 08:34 - Rhetoric surrounds individual landlords, both pro and con. 13:45 - What are some solutions for the overall market? 20:36 - What lending-level changes would make this model more attractive? 26:04 - How does the $2.1 trillion invested in residential property unlock more investment? 30:00 - Why don't we have existing residential property funds like this? 36:43 - How do you identify properties with high land content and values? 41:18 - Medium rise is the cheapest housing form. 46:55 - What are your thoughts on the power of the labor market? 50:40 - Investors hinder first-time homebuyers' opportunities. 55:57 - What's happening in the home loan space? 1:02:14 - The importance of scalable, effective solutions. About Our Guest: Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape. As Head of Strategy and Insights at LongView, Jane-Frances Kelly leads the data and analytics function, transforming extensive historical property data into actionable insights for clients. With a background at the Boston Consulting Group and experience in public policy work for notable figures including Prime Minister Blair and indigenous leader Noel Pearson, Jane-Frances brings a wealth of expertise. She holds a first-class honours degree in English language and literature from Oxford University, an MBA from Wharton, and a Masters of Public Policy from Princeton University, showcasing her diverse academic accomplishments. Connect with Evan Thornley: Facebook: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL LinkedIn: https://www.linkedin.com/in/evanthornley Connect with Jane-Frances Kelly:  Facebook: https://www.facebook.com/janefranceskelly?mibextid=ZbWKwL  LinkedIn: https://www.linkedin.com/in/jane-frances-kelly-0192b187  Instagram: https://instagram.com/janefranceskelly?igshid=MzRlODBiNWFlZA==  Twitter: https://twitter.com/janefrances?t=WUx-57iSHr4xs5uiRmGK3w&s=07 Resources mentioned in this episode: Whitepaper - Mobilising Private Capital for New Housing Solutions https://longview.com.au/whitepaper-3-mobilising-private-capital-for-new-housing-solutions Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

The real estate industry has witnessed remarkable changes in how we search for properties and gather information. However, the actual process of buying and selling has remained largely unchanged. Real estate agents continue to play a gatekeeping role, despite the advancements in digital platforms and portals. Unbeknownst to many, the relationship between sellers, agents, and buyers has been quietly evolving in the digital landscape. Join us today for an insightful episode as we delve into the future of real estate. Over the past few years, buyer preferences have undergone significant transformations while emerging technologies like artificial intelligence (AI) pose the potential for disruption. Our guest, John Foong — Chief Revenue Officer of Domain Group, brings unique insights from his experience at renowned companies like Google and Uber, making this discussion a must-listen. Tune in as we navigate through the complex landscape of real estate, guided by John Foong's unique insights and prepare for an engaging discussion on a topic that promises to reshape the way we buy and sell properties. Episode Highlights: 00:00 - Welcome 06:38 - John Foong aims to become a "local market expert." 08:27 - How is success engagement measured? 12:46 - What's the situation with agents in the US? 17:40 - Providing information beyond legal requirements. 23:27 - What factors strongly correlate with engagement? 25:58 - Google Maps and its impact on traffic.  31:00 - Changes in the Irish property market.  36:08 - What will happen to the housing market? 43:10 - How does immigration affect the market? 47:18 - The real estate shift on the Gold Coast. 51:57 - When to sell or keep a property? 53:12 - Why you need to apply macro numbers to individual decisions. About Our Guest: John Foong — a seasoned senior sales executive, brings 15 years of management experience to the table, having worked across multiple continents including the U.S., Europe, Australia, and Africa. Notably, he has achieved remarkable record revenue growth during his tenure at Google and Uber, where he played a key role in multiplying Google Cloud's channel revenue into the billions as a global lead. With a proven track record, John has successfully led large teams globally and in Australia, overseeing 300+ people at Google and 600+ at Domain, encompassing both sales and technical roles. As a trusted advisor, caring manager, and holder of a Stanford MBA, John combines strategic thinking with operational expertise. His academic achievements include being a University of New South Wales Co-Op Scholar, Stanford Arjay Millar Scholar, and a distinguished alumnus of McKinsey Sydney, further highlighting his outstanding credentials. Connect with John Fong: LinkedIn: https://www.linkedin.com/in/johnfoong  Instagram: https://instagram.com/johnfoong?igshid=MzRlODBiNWFlZA==  Twitter: https://twitter.com/johnfoong?t=hDFeq1KobpI1RhLayjntlg&s=07  Resources mentioned in this episode: A Masterclass: When is the Right Time to Sell an Investment Property? https://buyersagentmentor.net.au/sellinvest Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In today’s episode of The Elephant in The Room Property Podcast, we dive into an array of intriguing and thought-provoking listener questions that touch upon a variety of topics. Join us as we navigate through the realms of real estate, finance, and unconventional investments to provide insightful answers and expert advice. Among the array of topics we'll be discussing today are the considerations involved when one has the financial means to upgrade their home but doesn't necessarily need to, then we delve into the topic of finding the right buyer's agent in your desired area. Shifting gears, we also shed light on the various fee models employed by buyers agents. And while we're on the topic of finances, we continue to address the timely topic of how banks are responding to their existing customers once their fixed mortgage rates expire. Then, we take an unexpected turn as we delve into a fascinating and lesser-known realm of real estate investments—cemeteries. Yes, you heard us right! Join us for an episode filled with enlightening answers to our listeners' burning questions. Whether you're a homeowner, aspiring buyer, or simply intrigued by unconventional investments, this episode of The Elephant in The Room Property Podcast is sure to broaden your understanding and provide valuable insights into various aspects of real estate, finance, and the world of unusual investments. Episode Highlights: 00:00 - Introduction 01:08 - Is a home upgrade worth considering even if unnecessary? 08:45 - How to find the right local buyers’ agent in an area that doesn’t have any? 16:50 - Understanding the different fees among buyer’s agents 25:30 - What to look for and what NOT to look for when choosing a buyer’s agent 34:00 - Let’s discuss this unconventional question about cemetery purchases Resources Mentioned in the Episode: What to do if the property you buy has a cemetery on it? https://bit.ly/469Rwws Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

With property prices soaring and borrowing capacities diminishing, it's no wonder that the bank of mum and dad has become the country's fifth-largest lender. But what does this growing divide mean for the future of aspiring homeowners and society at large? Today’s guest, Brian Hartzer - Chairman of 2Be, Beforepay and Reejig brings his extensive banking experience and fintech expertise to shed light on innovative lending solutions. His extensive involvement as an angel investor and advisor to numerous fintech and technology start-ups positions him as a leading voice in the industry. Join us as we explore the opportunities emerging from the current lending landscape and discuss how innovation can bridge the gap between first home buyers and their dreams of homeownership. We'll delve into the development of alternative lending products and how they can empower those who don't have the luxury of familial financial assistance. Don't miss this enlightening conversation that addresses the pressing challenges faced by home buyers in Australia and unveil the possibilities created by fintech and start-ups in the lending space. Episode Highlights: 00:00 - Welcome 01:19 - Who is Brian Hartzer? 02:58 - How big is the bank of mum and dad? 03:35 - Are older homeowners being overlooked in the borrowing landscape? 06:19 - Reasons why people over 55 want to borrow money 10:20 - What is a reverse mortgage? 12:58 - How does a reverse mortgage work? 14:32 - Reverse mortgages and the difference in interest rates 17:54 - The future of super funds in this space 19:28 - The bank of mum and dad situation 21:58 - The advantages of having a parental guarantee 27:23 - Brian’s take on the current banking industry 32:15 - What’s driving the net interest margin down? 35:27 - Are banks writing loans under the cost of the capital? 40:09 - What’s going on with the banks’ lending to customers? 50:07 - The longest downturn Australia’s had in property prices 55:14 - How Brian feels about the Reserve Bank of Australia 55:56 - Brian Hartzer’s property dumbo About Our Guest: Brian Hartzer is a seasoned executive, mentor, and investor. He was the CEO of the Westpac Banking Group from 2015 to 2019 and has held leadership positions in major banks in Australia and the UK. Brian has also served as Chairman of the Australian Banking Association and the Retail Banking Committee of the British Bankers Association. In addition, he is involved with multiple startups in Sydney as Chairman and serves as a senior advisor to a data science company. Brian is actively engaged in philanthropic endeavors, including being the President of the Board of Trustees of the Australian Museum. He holds a degree in European History from Princeton University, is a Chartered Financial Analyst, and holds dual US and Australian citizenship. Connect with Brian Hartzer: Connect with Brian on LinkedIn: https://www.linkedin.com/in/brianhartzer/ Visit the 2Be Website: https://www.2be.com.au/ Resources Mentioned in the Episode: Listen to Episode 49 of the Your First Home Buyer Guide Podcast - What Can Go Wrong When Borrowing from the Bank of Mum & Dad? (with Barry Frakes) https://www.homebuyeracademy.com.au/podcasts/049 Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.blusk.au Work with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.