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

We interviewed Pete back in 2018 in episode 24 and we brought him back to talk about the current situation of the property market locally and abroad. Pete Wargent is an internationally recognised speaker, versed in all thing property from buying to selling and all the financial components associated. Opening up on the dialogue surrounding the Covid-19 pandemic we pose the question, how will Australia thrive on the other side of this crisis and what should individuals do now and in the future to protect themselves. Here’s what we covered: How does the economy bounce back from the downturn? What downturns are similar to what we are currently experiencing? Is the Government doing enough? What is happening to the global property market? How the Australian economy is performing against the global economy? How labour mobility will decrease. What will protect our economy in the future? How is the frontline of real estate coping during the crisis? Why is there a record number of loan applications? Why is the Australian Dollar going to suffer so much? Where are the scarce properties in QLD? What to do with your mortgage? MENTIONED EPISODES:Episode 24 | Pete Wargent Episode 115 | Eliza Owen Episode 117 | Shane Oliver GUEST LINKS:Pete Wargent’s LinkedIn www.petewargent.com HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount. EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdnessThis episode was recorded on 2 April, 2020. https://www.theelephantintheroom.com.au/podcasts/118See omnystudio.com/listener for privacy information.

In another Coronavirus special episode we are honoured to have arguably the most well known economist in Australia, Dr. Shane Oliver. Shane is the Head of Investment Strategy and Economics and Chief Economist at AMP Capital. Shane breaks down the current economic climate, locally and globally, showcasing the various economic indicators revealing the direction we are all heading towards. Here’s what we covered: Major differences between recession and a depression Is the world economy heading towards a depression? How will the stimulus package work? Was the USA too late to act in shutting down? Where will the government find the money for the stimulus package Where will the world be when the dust settles Has Australia done enough to flatten the curve? How high will unemployment climb? Recognising the opportunity? Which industry is at the most risk? What economic indicators should we look towards MENTIONED EPISODES:Episode 115 | Eliza OwenEpisode 114 | Fool or Forecaster 2020Episode 112 | First Covid-19 update Shane Oliver’s Articles:AMP Capital: Is Coronavirus driving a recession, depression or an economic hit like no other AMP Capital: The Threat to Australia house prices from Coronavirus Business Insider Australia: The 9 bad habits of highly ineffective investors  HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount. 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 on 2 April, 2020. https://www.theelephantintheroom.com.au/podcasts/117See omnystudio.com/listener for privacy information.

In this episode we talk tax, tax, tax with Alison Lacey and you are going to love it. Alison is the Director of Ecovis Clark Jacobs a recognised accounting firm in Sydney, but is also an investor and married to a builder giving her a multidimensional insight into property and tax. Today she gives the scoop on recent changes to the CGT exemptions for expats, showcases the nitty grittiness of the ATO and describes the most common tax mistakes the average property purchaser makes.  Here’s what we covered: How does tax work with an owner builder? What is the definition of a non-resident? Why changes to the CGT rule might backfire for the government? Knowing your numbers and your opportunity cost. What is the biggest tax benefit from owning an investment property? How does depreciation affect your capital gains? How to offset capital losses against future capital gains What can you do about land tax? What is the 6 year rule and how does it work? How much does the ATO know? The problems of owning your property outright. What is repairs and what is maintenance? How to structure your loan?  MENTIONED EPISODES:Episode 60 | Mike MortlockEpisode 15 | Taryn Brown GUEST LINKS:www.clarkjacobs.com.au/ HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount. 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 on 20 February, 2020. https://www.theelephantintheroom.com.au/podcasts/116See omnystudio.com/listener for privacy information.

In this episode we bring back the insightful Eliza Owen on the podcast, we interviewed her last year in Episode 81 discussing the previous economic booms and downturns. Eliza has recently been made the Head of Residential Research at CoreLogic and is playing an active role in investigating the impact of the virus on the property market. With new restrictions on real estate in place to curb the growing threat of Covid-19 and with over 150,000 people applying for unemployment benefits Veronica and Chris ask the questions that you’re thinking. Here’s what we covered: How far has buyer activity fallen? How has the clearance rate been affected? What alternatives do buyers have to auctions? How quickly will unemployment climb? How the property market performed after stock market crashes? Why is the current downturn radically different to past downturns? Who will be most impacted by falling housing prices? Is it inevitable that Australia will go into recession Have the RBA hit rock bottom with rates? How to recognise opportunity? MENTIONED EPISODES:Episode 81 | Eliza Owen  Episode 88 | Rate cuts Episode 112 | Coronavirus Update GUEST LINKS:CoreLogic News Coronavirus and Australian Property Market Continued Uncertainty Around COVID-19 Has Seen The Preliminary Clearance Rate Take A Hit This Week HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount. 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 on 26 March, 2020. https://www.theelephantintheroom.com.au/podcasts/115See omnystudio.com/listener for privacy information.

Who did you believe was going to be right about the market? Did you buy or sell based on an ‘experts’ predictions? In this years edition of the Fool or Forecaster report (releases on April Fools), Veronica and Chris discuss progression of the property market over the last year with investors representing a tiny fraction of purchases, Coronavirus’s impact, and those analyst that had a conflict of interest in their reports. Find out which experts got it right, who got it wrong and who was dramatically wrong; one expert predicted an 85% fall in the market that never came.  Here’s what we covered: When was the bottom of the market? How long did it take the Sydney market to go down 15%? What were the biggest names saying? Who got it right? And who got it wrong? What suburbs were hotspots? What is the impact of these 'predictions' on individual people? Why is most property not worth buying? Who's pushing up prices?  What things can you do to view a property's possible growth? Who is missing the market? MENTIONED EPISODES:Episode 61 | 2019 Fool or Forecaster Episode 71 | Kent Lardner Episode 73 | Roger Montgomery Episode 75 | Warren Hogan Episode 77 | Cameron Kusher Episode 81 | Eliza Owen Episode 88 | Alan Kohler Epiosde 102 | Louis Christopher LINKS:Veronica Morgan’s Article: Proof Sydney house prices have stopped fallingCore Logic Report: 2019 Fool or Forecaster Report2020 Fool or Forecaster Report HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount. EPISODE TRANSCRIPT: https://www.theelephantintheroom.com.au/podcasts/114See omnystudio.com/listener for privacy information.

In this insightful episode Veronica Morgan and Chris Bates chat with Dr. Nicole Johnston, socio-legal researcher and senior lecturer at Deakin University. Nicole has spearheaded the development industry, shining the spotlight on defective developments in her university published report “An Examination of Building Defects in Residential Multi-owned Properties”. The report highlights the severity of the development industry, analysing 3227 defects across 212 buildings in NSW, Victoria and Queensland. In today’s episode our hosts discuss the problems plaguing the development industry and how they can redeem themselves in the coming years when truth surrounding their dodgy dealings spills. Here’s what we covered: The risks of buying brand new. Why NSW is the riskiest state to buy a new apartment. Why is there very little research on new buildings? What happens to tenants with defects and the red tape involved? Water related defects are the most costly and common defect. Why does home and contents insurance not protect you from defects? Why you should always invest more into a specialised property lawyer How do we make quality builds and also solve the housing affordability crisis Will developers make the first stand and take ownership for defects? Rectification costs never capitalised when you go to sell. Cheap apartment = Costly endeavour. MENTIONED EPISODES:Episode 87 | Kerry Hunt Episode 91 | Rod Fehring Episode 106 |  Dodgy Developers GUEST LINKS:Deakin University: Nicole Johnston Deakin University: Home Research Hub Home Buyer Academy HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount. 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 on 26 February, 2020. https://www.theelephantintheroom.com.au/podcasts/112See omnystudio.com/listener for privacy information.

By now we are all highly aware of the Corona Virus as it has spread far and wide throughout the world, governments are imposing lockdowns and the world economy holds its breath as it adapts to the crisis. The question is, where will Australia be once the dust settles? In our first out of cycle special episode, Veronica and Chris aim to answer the questions surrounding the impact of the virus on the property market and the greater Australian economy.  Here’s what we covered: Should you buy or sell during the pandemic? Very little stock will hit the market. People should start refinancing mortgages and cut expenses. Why you should purchase the most perfect property. Will the market boom or bust? Who will win and who will lose? Is this a good time to buy or sell shares? What will happen to the unemployment rate? How it will impact labour mobility and housing affordability? Why should people start getting ready to buy? MENTIONED EPISODES:Episode 58 | Nerida Conisbee LINKS:Send us your questions HERE HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount. 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 on 19 March, 2020. https://www.theelephantintheroom.com.au/podcasts/covid-19See omnystudio.com/listener for privacy information.

Taking a different turn from the usual episode, our hosts talk to Sharon Bradley, columnist and writer for the Good Weekend. Her recent article in the Sydney Morning Herald “Having to ask for somewhere to live, it’s difficult indeed”, caught Veronica and Chris’s attention. Our hosts want to open the conversations on rising property prices, increasing unemployment, and where it leaves you and financial stability. In today's episode our hosts discuss how securing your financial future with the appropriate financial advice can safeguard you and your family from the uncertainty of current housing prices, and economic stability. Here is what we covered; Changing our perceptions of homelessness. Why is a particular demographic becoming homeless at an alarming rate. How to protect yourself and your family from severe unexpected circumstances. What factors are forcing this increase in homelessness? How long is the public housing list? Building more social housing. What can the government do to curb the housing crisis? Bridging the gap with impact investing? Gambling with your own home? MENTIONED EPISODES:Episode 66 | Michele Adair Episode 89 | Ownership Crisis Episode 95 | Craig Bigelow Episode 104 | Adam Hirst GUEST LINKS:‘Having to ask for somewhere to live, it’s difficult indeed’  CHARITY LINKS: https://sharethedignity.com.au/http://steppingstonehouse.com.au/https://www.ozharvest.org/https://www.benevolent.org.au/https://orangesky.org.au/ HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

In this special episode, our hosts breakdown the purchasing process from the view of a new client and all of their needs and wants.. Veronica Morgan, asks all the right questions in understanding their story and how best to deliver their perfect property whilst also answering all of your questions on where the value lies when it comes to purchasing property with the advice of a buyer's agent. Chris and Veronica, share opinions, frequently asked questions and peculiar case studies in their line of work, asking the right questions that you should be asking yourself when purchasing your next property. Here’s what we covered: The good the bad and the ugly of buyers agents. Where the value lies in a buyer's agent. What questions do Buyers Agents ask you? Are you saving money or spending more? Understanding what your capacity is. What makes you ready to buy? Procrastinating purchases and the associated costs. The 3 P's of a property searching. Chasing the market and not having the budget. What education do you do to become a buyers agent? Where do buyers agents loyalty lies? Why to never do business with buyers agents who are partners with developers. Why you should buy a buyers agent. MENTIONED EPISODES:Episode 2 | Damien CooleyEpisode 46 | Lorna Patten HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.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 January, 2020.See omnystudio.com/listener for privacy information.

In this treasure trove of an episode, our hosts chat with Amy Stead, CEO and creative director of Sydney-based Amazema, which specialises in styling property for sale, as well as interior design and decoration. Amy lives and breathes all things interior design, which comes through in her own personalised furniture and textiles line, The Amazema Edit. Amy has become an authority in the property styling industry and if you’re actively selling your home, or hoping to soon, this episode could mean money in your pocket. Amy and our hosts discuss the styling industry from the lens of the real estate market, and the massive value it brings during a property’s sale because appealing interior design can significantly lift your property’s desirability. Here’s what we covered: Why stylists bring real value to selling property. How much of the market is being styled for sale? Should you have family photos up during an open house? Clearance rate differences between ‘good’ stylists and ‘bad’ stylists. 'manufactured styled' vs hands-on styled. What visual tricks do property stylists use? What three things should property buyers look for during an open house? What do professional stylists services cost? What are the key current styling trends? What kinds of property don't need to be styled? Tips on how to furnish your new property. Where do people go wrong when it comes to flipping and styling? The realities of 'flipping houses' and over-capitalising on renovations. MENTIONED EPISODES:Episode 97 | Jacqui Pollock Episode 12 | John Cunningham Episode 27 | Overcapitalisng GUEST LINKS:Instagram: @Amazema_interiors | @the_amazema_edit Web: Amazema.comFacebook: Amazema Interiors GUEST OFFER:Use code “Elephant” on online purchase for 20% off either: Interiors Package 1: Initial Consultation  (with recommendations report & mood board)  or  Styling For Sale Consultation (in person) — Amazema Interiors (with recommendations report)  INTERIOR + STYLING CHEATSHEETDownload at theelephantintheroom.com.au/podcasts/109 HOST LINKS: Looking for a Sydney Buyers Agent? gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? wealthful.com.au Work with Chris: hello@wealthful.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 on 6 February, 2020. View the Episode at: https://www.theelephantintheroom.com.au/podcasts/109See omnystudio.com/listener for privacy information.