

The Elephant In The Room Property Podcast | Inside Australian Real Estate
Chris Bates
Who's really in control when you buy a property?
The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.
Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.
Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.
In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.
The plan? This property podcast has been created to help us all make better property decisions!
The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.
Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.
Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.
In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.
The plan? This property podcast has been created to help us all make better property decisions!
Episodes
Mentioned books

Oct 6, 2019 • 56min
Alan Kohler | 14 Interest rate cuts in a row, & more to come?
We’re honored to be joined by Alan Kohler, one of Australia’s most respected finance reporters. For decades readers & viewers have enjoyed his expert opinion in the press, TV &, more recently as Editor-in-Chief at InvestSMART. We love to look at the wider world of investing - beyond property. We enjoy discovering alternative investment methodologies & frameworks - always with our filter of low risk & sustainability & we loved our chat with Alan! Here’s some highlights: Is Australia headed for a recession or could we be headed for a boom? Why it is important to wait to invest after the valley of death? Who is deeply invested in propping up the housing market? Our GDP growth is from population growth so should we open up the gates? What will happen if we go into negative interest rates & what does it even mean? How can the average investor prepare for a low growth economy? This is an episode you won’t want to miss. WEBSITE LINKS:Alan Kohler - The Eureka Report Work with Veronica? info@gooddeeds.com.auWork with Chris? hello@wealthful.com.au READ THE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/088 See omnystudio.com/listener for privacy information.

Sep 29, 2019 • 60min
Kerry Hunt | Building approvals, conflicts of interest & who’s to blame for construction issues?
We get the inside scoop from Kerry Hunt, Manager of the Building Certification Team at Inner West Council in Sydney. With 40 years in Building Surveying in local government both here and in the UK she’s adept at navigating the complexity of planning, building and certification legislation. We look at the nuts & bolts of: Building approvals & conflicts of interest in the Building Certifying Act & what needs to change. Who is really to blame for the poor quality of our apartment buildings? What does a certifier do & are private certifiers high risk options? Why did councils lose the power? What is the difference between the way things used to be done and how they are now? What certificates should be in a contract of sale and what do they all mean? Why it’s critical to invest time in due diligence pre purchase. It’s a great episode, exposing some home truths.GUEST WEBSITES:Inner West Council Building Certification Team - Kerry Hunt Read the transcript:www.theelephantintheroom.com.au/podcasts087 Work with Veronica? info@gooddeeds.com.auWork with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Sep 22, 2019 • 1h 10min
Kylie Davis | Will AI take over the property industry or make it more efficient?
Kylie Davis is back again combining her time at CoreLogic with the world of proptech & is one of the people behind Australia’s Proptech Summit, launched last year. Having launched Home Prezzo a content marketing solution for real estate agents, she gives a glimpse into the proptech world. Here’s what’s coming our way: What happens when property & technology meets? How will proptech change the way real estate is handled? How to mitigate risks of implementing new technology into your business. Ways to create liquidity in your property. Where is innovation making the most difference? Why making everything transparent in real estate builds trust. Should the property industry be threatened by disruption? This is a great episode & we hope you enjoy listening. WEBSITE LINKS:Ep 30 - Kylie DavisThe Future of Property Investing - Kylie DavisGUEST WEBSITE:Kylie Davis - HomePrezzo Australia Work with Veronica? info@gooddeeds.com.auWork 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 22 August, 2019. Read the transcript:www.theelephantintheroom.com.au/podcasts/086See omnystudio.com/listener for privacy information.

Sep 15, 2019 • 1h 1min
Nicki Hutley | Go out or go up - the ongoing density argument
Nicki Hutley is a Partner at Deloitte Access Economics, where she leads the Urban Advisory practice. Nikki’s worked for three decades in the field of urban economics addressing issues such as affordable housing, social & economic infrastructure investment, urban renewal, precinct planning, climate mitigation & social policies. Who better to help us tackle the question of whether Australia’s cities are full? We debate a wide range of topics, including: Will technology profoundly change the way we work & will it help regional Australia to thrive? Australian cities are among the least dense in the world so can we afford to go up? What type of housing do we actually need to fill the ‘missing middle’? How can population growth benefit the economy? Busting 3 big myths: will robots take our jobs, is the workforce becoming too casualised & is remote working the answer? How can density be done well & why is it necessary? Can technology help us better manage climate risks? Have a listen & please let us know your thoughts. WEBSITE LINKS:Ep 1: Simon Russel - Behavioural Scientist GUEST WEBSITE:Deloitte Access Economics - Nicki Hutley Effects of youth unemployment on an ageing society Future of Work - Download the report Property Council of Australia - Good Growth Alliance Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.au DOWNLOAD THE TRANSCRIPT: www.theelephantintheroom.com.au/podcasts/085See omnystudio.com/listener for privacy information.

Sep 8, 2019 • 1h 5min
Douglas Isles | How trade wars & global uncertainty affects us all
Douglas Isles, an Investment Specialist at Platinum Asset Management, joins us for a chat on a wide range of topics including: Why fear & greed are the biggest problem in investing. How to think like a private owner, even if you’re purchasing shares. Social pressure & loss aversion: the behavioral biases costing you big time in the equities market. What are the long term benefits of holding equities against holding properties? How to recognise when you are holding onto a lemon. How do active managers counter the argument that ETFs win over the long term? Critical investment thinking: would you still buy an investment you currently own today? The importance of listening to your gut when investing. Tune in, it's a great episode. WEBSITE LINKS: Ep 1: Simon Russell, Behavioural ScientistEp 69: Scott Phillips, Motley FoolEp 73: Roger Montgomery, Roger Montgomery Inv MgtEp 83: Balaji Gopal, Vanguard GUEST WEBSITEDouglas Isles - Platinum Asset Management Work with Veronica? info@gooddeeds.com.auWork with Chris? hello@wealthful.com.au Read the transcript:www.theelephantintheroom.com.au/podcasts/084See omnystudio.com/listener for privacy information.

Sep 1, 2019 • 1h 18min
Balaji Gopal | Alternatives to direct residential property investment via ETFs
Balaji Gopal, Vanguard’s Head of Product Strategy explains alternatives to direct residential property investment by way of index funds and exchange traded funds (or ETFs). We also discuss the many similarities of property investing & share investing & the associated behavioural biases. Balaji shares his knowledge & demystifies: What are index funds and how they work? How fees can be kept low without creating a substandard product? Can you access commercial real estate via ETFs? Why having a goal, doing research & staying on point long term is vital Understanding long term financial goals & why you are investing. It’s a great episode, we hope you learn as much as we did. Gopal’s details:Balaji Gopal : Vanguard InvestmentsRead the transcript:www.theelephantintheroom.com.au/podcasts/083 Work with Veronica? info@gooddeeds.com.auWork with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Aug 25, 2019 • 1h 7min
Justine Bennett | The pros, cons, limitations of a strata reno
Renovation expert, Justine Bennett tells us how you go about renovating a strata property. So where do you start, do you need council or strata approval & what are the restrictions? We discuss logistics like getting materials in & out, restricted working hours & dealing with tenants & neighbours. Plus, we uncover a whole bunch of pitfalls including: Knowing that buying a renovated apartment comes risks. What reno is a value add & what is overcapitalising? Unexpected ways to unlock untapped potential. Why the location of plumbing matters big time. Concrete cancer & water issues that wreak havoc in apartments. How to buy ownership of common space to increase your property value. If you are thinking of buying a property & having a go at a renovation you must listen to this episode first. Read the transcript: www.theelephantintheroom.com.au/podcasts/082 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Aug 18, 2019 • 1h 7min
Eliza Owen | Is Sydney’s property market too big to fail?
We love talking to people who make sense of property data & we’re delighted to meet such a bright, young, talent in property market commentary, Eliza Owen. Eliza is a residential property analyst at Domain & she joins us to explain: What the median price is & when it's useful. Why recent sales data can be very misleading. How big entities influence the property market. Why having equity in your home is so powerful. Why we need to think about alternative retirement strategies. What happens when your mortgage outlasts the structural integrity of your building. It’s a great episode packed with market insights, we hope you enjoy it! If you want more you can listen to her TEDxYouth talk on property affordability. WEBSITE LINKS:Good Deeds Blog: Proof Sydney's house prices have stopped falling Ep 37: Frank Gelber - How to understand the most cyclical property mkt in the world Ep 25: Amanda Farmer - What hidden dangers can lurk in brand new apartments Ep 10: Michael Ferrier - How to ensure you are protected by your B&P/Strata Report GUEST INFORMATION: Eliza Owen - TEDxYouth@Sydney Domain Research Read the transcript: www.theelephantintheroom.com.au/podcasts/081 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

Aug 11, 2019 • 58min
Ed Fernon | Is co-living the answer to our housing crisis?
Ed Fernon, CEO of UKO, joins us to explain co-living. We’ve seen co-working spaces take off & now people are saying that they’ll start living in a similar way. So, what exactly is co-living, how does it work & is it only something millennials would be interested in? Or is it something you should invest in? Here’s what you’ll learn from our chat with Ed: The ins & outs of this type of accommodation. Why millennials are embracing the co-living model. Why amenity, walkability, convenience & community matters. Why there is a whole new pool of renters on the hunt for co-living. The loneliness epidemic, how people's mental health is driven by the quality of their relationships. What co-living looks like as an investment & what it costs. We hope you enjoy exploring the possibilities of co-living. Let us know what you think! ED FERNON WEBSITE: UKO: Co-living WEBSITE LINKS: BLOG: Sydney house prices have stopped falling Ep 37 - Frank Gleder, Understanding the most cyclical markets in the world Ep 25: Amanda Farmer, The dangers of new apartments Ep 10: Michael Ferrier, How to be sure you're protected by your B&P inspection/Strata report Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.au Read the transcript: www.theelephantintheroom.com.au/podcasts/080See omnystudio.com/listener for privacy information.

Aug 4, 2019 • 1h 13min
Catriona Burgess | Marketing that makes you believe you can live the dream!
Catriona Burgess is Strategy Director at the Frost Collective. Cat’s worked on Australia's largest urban renewal projects including Central Park, Green Square, Key Quarter, Darwin Waterfront & Australian Technology Park, as well as international projects in China, Korea, & Auckland. We discussed a designer's role including: Why designers look to market buildings to connect with your emotion. Social media strategies that cost you money by targeting social proof & subconscious decision making. The theatrical & engaging world of display suites - is the glossy brochure finally dead? How buying in 1st & 2nd stages of a development can impact growth. Will AI transform the way people buy property? Sustainability - what housing model should we live in & how efficient is it for our city? Visionary things happening on the fringe of Sydney. Once again, we gain a greater understanding of how the psychological & emotional side of us is targeted in a property transaction. WEBSITE LINKS:Catriona Burgess - Frost Collective Download the transcript:www.theelephantintheroom.com.au/podcasts/079 Work with Veronica? info@gooddeeds.com.auWork with Chris? hello@wealthful.com.au See omnystudio.com/listener for privacy information.


