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

In this episode, we welcome back Martin North, Founder of Digital Finance Analytics (DFA). DFA surveys thousands of Australian families to gauge key consumer metrics, which have been crucial in highlighting areas of concern within debt and property prices. This is Martin’s third appearance on the Podcast, previously he has shared bearish views on the property market but maybe in this episode, he has had a change in heart? The economist’s who cried wolf will be known for their false property market crash predictions. It was meant to be peak Covid cases, the tightening of restrictions, the September cliff and in March of 2021 end of job seeker. Here we are in May, the property market has only broken records due to a variety of factors resulting in a lack of quality supply and overflowing demand that has brought new faces into neighbouring suburbs. But what’s next? Will consumers continue to go to auction on a Saturday until they settle, or will they give up waiting for a market crash that may never happen? Alternatively, have consumers bitten off more debt than they can chew, and will a potential cash rate increase bring down property prices to all-time lows? RELEVANT EPISODES:Episode 177 | Australia’s Economic Recovery | Carlos Cacho, Jaden Group Australia Episode 143 | Postcode Analysis: What properties are outperforming the market | Martin North Episode 123 | To buy, or not to buy: that is the question | Martin North GUEST LINKS:https://www.digitalfinanceanalytics.com/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in May 2021. https://www.theelephantintheroom.com.au/podcasts/178See omnystudio.com/listener for privacy information.

We’ve noticed that our audience enjoys episodes featuring economists such as Warren Hogan’s episode 158, Saul Eslake’s episode 152 and the multitude of various well-known voices within this space. Pens and paper in our hand, we chat with Carlos Cacho, Chief Economist of Jarden Group Australia, prior to his position, Carlos served as Chief Economist of UBS Australia. Within our chat, we cover a variety of topics covering the future of Australia, property price movements and the current lending space, taking into consideration the Government doubling down on First Home Loan Deposit Scheme grants and their propensity to incentivise the purchasing of new property over established. How will Australia fare in the global economy, will this recovery be short-lived as other nations take control of their internal struggles against the pandemic? RELEVANT EPISODES:Episode 158 | Top economist puts Australia in the world picture | Warren Hogan Episode 152 | What does top economist say on the current economic environment | Saul Eslake Episode 104 | Build-To-Rent the new standard for renters | Adam Hirst, Mirvac GUEST LINKS:https://www.linkedin.com/in/carlosscacho/ https://www.linkedin.com/company/jarden/mycompany/ https://www.jardengroup.com.au/our-people/carlos-cacho/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in May, 2021.See omnystudio.com/listener for privacy information.

Australian’s have been left high and dry as developers overpromise and underdeliver with no punitive action against offenders, as they lie, cheat and phoenix, negatively affecting Australians looking to get onto the property market. Current booming market conditions are foreshadowing a proliferation of defective new developments putting profits in developer pockets and cracks behind plaster walls.  In this episode, we have the privilege of discussing these significant building issues with David Chandler, NSW Building Commissioner, a role that was established in 2019 to combat rogue operators that develop defective, uncertified and unlivable properties. David is a perfect fit for the role thanks to his impressive 40 years of experience in construction, infrastructure and renewal projects. The government’s direct approach aims to stop repeat offenders, improve the quality of new dwellings, and promote quality affordable housing. What is the solution for Australians that have bought defective property and how will the government effectively manage the quality of new dwellings against operators that have historical played dirty and dodged punishment? RELEVANT EPISODES:Episode 162 | Houses vs Apartments | Stuart Wemyss Episode 113 | What’s behind the wall?: 85% of developments have defects | Dr. Nicole Johnston Episode 106 | Dodgy developers & Strata Living | Jimmy Thomson GUEST LINKS:https://www.smh.com.au/national/nsw/it-s-like-a-leaky-boat-icare-home-building-insurance-leaves-taxpayers-on-the-hook-for-700m-20210413-p57ipz.html https://www.smh.com.au/national/nsw/sydney-building-nightmare-set-to-cost-maryam-her-life-savings-20210319-p57cb5.html https://www.linkedin.com/in/david-chandler-oam-875bb1b5/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in May 2021 https://www.theelephantintheroom.com.au/podcasts/176See omnystudio.com/listener for privacy information.

Inklings of the property market slowing down, our hosts analyse rental vacancies to rationalise current trends within the market and what the outlook will be for first home buyers, upgraders and investors?How human behaviour is skewing the data, will the combination of anchoring bias, FOMO and loss aversion put consumers in risky situations as they leave the market with pipe dreams of prices falling? RELEVANT EPISODES: Episode 175 | Moving regionally: Will it last and will it be sustainable? | Kirsten Craze Episode 173 | Buying in Byron Bay: Overhyped or shrewd investment? | Michael Murray Episode 168 | Listener Q&A: How to buy your first investment property GUEST LINKS:www.suburbtrends.com HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in May 2021. https://www.theelephantintheroom.com.au/podcasts/st10See omnystudio.com/listener for privacy information.

In the most recent episodes, we dug deeper into the liberation of labour mobility and the inevitable result of interstate, regional migration. For your benefit explaining how it happened and what the future of Australia may look like.  Within this episode, we explore its sustainability, questioning the long term viability of these movements. Will regional movers recent property decisions be short-lived and ultimately lead to their return? Or are these pioneers creating thriving suburbs, which have been bankrupt of new internal financial flows, expanding the possibility of future domestic movements? Prolific and experienced property journalist Kirsten Craze join us for an episode dedicated to the post-Covid sea change, tree change. For those who have been following the podcast since its inception, Kirsten appeared in episode 22, highlighting the issues in headline media and its misleading content relating to the property market. Kirsten’s work has featured in The Daily Telegraph, The Herald Sun, News.com.au, realestate.com.au and Mansion Global.  Coupling Kirsten’s two decades of experience in the property market and her own sea-change, she answers the questions: is the grass greener on the other side? RELEVANT EPISODES:Episode 173 | Buying in Byron Bay: Overhyped or shrewd investment? | Michael Murray Episode 22 | How to be a media researcher, not just a reader | Kirsten Craze KIRSTEN’S ARTICLES: Real Estate.com | Regional regret? Warnings and potential pitfalls of a COVID-19-inspired property tree change Real Estate.com | Australian housing: Contemplating a city escape and the possible pitfalls of a COVID-19-influenced sea change LINKS: https://www.linkedin.com/in/kirsten-craze/?originalSubdomain=au HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.auWork with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in April 2021. https://www.theelephantintheroom.com.au/podcasts/175See omnystudio.com/listener for privacy information.

Property prices are skyrocketing across the nation. With desirable suburbs in capital cities bearing the brunt of the current competition, medium to high-income buyers are forced out of their no. 1 suburb flowing onto alternative areas that aren’t ready for their price perception. The influx of the new buyers into unfamiliar areas, wear glasses with out-of-suburb lens’s, warping their idea of what’s worth what and causing unexpected price results as they compete against themself and competitive buyers. This new money has caused prices to soar in areas and property that would otherwise tell a different story if sold last year. The faucet is on, and as buyers flood the basin, the question lies, where will the water drain? In this episode, we are joined by Robert Clarke, the selling principal of Belle Property Annandale. We question the current state of property price expectations and their relation to a real estate agents marketing of price guides. We also myth bust unfounded property tactics that have lost buyers: time, cash and the property.  RELEVANT EPISODES:Suburb Trends April 2021 | Highest median growth suburbs! Episode 171 | Pain & Gain Q4 2020: Who suffered and who triumphed? | Eliza Owen Episode 167 | Infrastructure & property prices | David Tucker GUEST LINKS:https://www.belleproperty.com/annandale/robert-clarke/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: wealthful.com.au/contactus Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in April 2021. https://www.theelephantintheroom.com.au/podcasts/174See omnystudio.com/listener for privacy information.

Covid has accelerated the remote work movement. Australians have fled the big city to greener pastures and clearer shores. What better place to a sea change, tree change than Australia’s most eastern tip. Global media coverage has put Australia at the forefront of Covid safe spots, this has drawn celebrities, actors and affluent business owners to find sanctuary in a small beach town in northern New South Wales. Byron Bay has grown from what was a small tight-knit beach community, to become Australia’s most expensive location to buy property, with median house prices in Byron Bay eclipsing the Eastern Suburbs of Sydney. In this episode, we shine the light on the Byron Bay property market, with no better expert than pioneering buyers agent, Michael Murray. Born and bred in Byron Bay, Michael has helped families, friends, celebrities and entrepreneur to find their slice of paradise for over 30 years. The influx of new money has pushed locals out and put mansions on hills, has this changed the bay forever? RELEVANT EPISODES:Suburb Trends April 2021 | Highest median growth suburbs! Episode 160 | Working from Home Movement: Has Covid accelerated the inevitable | Soren Trampedach, Work Club Global Episode 158 | Top economist puts Australia in the world picture | Warren Hogan GUEST LINKS:https://www.byronpropertysearch.com.au/ Facebook.com/byronpropertysearch Instagram -@byronpropertysearch https://www.linkedin.com/in/michael-murray-69b21510/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in April 2021. https://www.theelephantintheroom.com.au/podcasts/173See omnystudio.com/listener for privacy information.

We welcome back Shelley Horton from episode 34. Shelley is the general manager of CoreLogic Valuation Solutions, which advises on the future of valuations’ and their role in the market. The property market is booming. For any transaction -- to buy, to sell, to refinance -- it all requires a valuer. Some valuers are seeing up to 15 properties a day. From desktop valuations to feet on the ground, how are 30 minutes with a property enough to reveal its true value? The reports can have a flow-thru effect on a buyer/seller's decision, leading to action or inaction that could be costly.In this episode, the team and Shelley discuss the state of the valuation industry. Understanding how valuers assess and produce their reports—highlighting the overwhelming need for accurate, objective reports that ultimately guide property buyers to make better decisions. RELEVANT EPISODES:Episode 171 | Pain & Gain Q4 2020: Who suffered and who triumphed? | Eliza Owen Episode 121 | Valuations: What should you know? | Bart Mead Episode 34 | The hidden things to look for when working out the price to pay | Shelley Horton GUEST LINKS:https://www.corelogic.com.au/news/valuing-properties-more-about-expectation-management-valuation-itself HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au. EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in April 2021. https://www.theelephantintheroom.com.au/podcasts/172See omnystudio.com/listener for privacy information.

Welcome back to another edition of our Suburb Trends report where we look at Australian suburbs’ condition, analysing, rationalising and theorising their present and future. In this episode, we'll focus on the top 10 highest median growth suburbs, honing in only on houses and suburbs with more than nine sales a month. The team looks at the various possible reasons for the growth in these suburbs, dissecting buyer behaviour, financial flows, and the development of new stock on the market. We discuss some suburbs you know and love, questioning if the statistics around median growth is an effective lens to evaluate an area's future? RELEVANT EPISODES:Suburb Trends March 2021 Suburb Trends February 2021 Suburb Trends December 2020 GUEST LINKS:www.suburbtrends.com https://www.suburbtrends.com/top-10-price-change-suburbs HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au. EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in April 2021. https://www.theelephantintheroom.com.au/podcasts/st9See omnystudio.com/listener for privacy information.

We welcome back Eliza Owen for the fifth time -- we can't get enough of her property market data and insights. Eliza is the head of residential research at CoreLogic and the author of CoreLogic's quarterly 'Pain and Gain' reports, which cover the entire Australian property market at a macro level, then drills down into suburb and property category performance. Eliza is quoted in countless articles and is a regular media guest as an expert in the residential property space. Her data is relied on by governments, the property industry, and individuals who are keen to better understand the property market.  As competition shoots up, supply plummets and clearance rates hit 100%, we see how the results of Q4 2020 have set the stage for the current market and potentially the rest of the year. Eliza and the team interpret and break down this data for your benefit. RELEVANT EPISODES:Episode 170 | 2021 Fool or Forecaster Report | Which experts can you trust to get it right? Episode 159 | Why hasn’t the property market crashed? | Eliza Owen Suburb Trends March 2021 | Areas with big price falls! GUEST LINKS:Eliza’s socials: LinkedIn | Twitter Purchase CoreLogic Residential Pain & Gain Report HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in April, 2020. https://www.theelephantintheroom.com.au/podcasts/171See omnystudio.com/listener for privacy information.