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

With property values stagnant amidst a backdrop of soaring prices in other cities, we explore the factors contributing to Melbourne's unique market behaviour. Could the city's prolonged lockdowns have played a significant role in shaping its property landscape? What does the future hold for buyers and sellers? Meanwhile, rising rents beg the question: how does this affect the apartment market? Today, Jarrod McCabe from Wakelin Property Advisory joins us to unpack these pressing questions. With more than two decades in the property industry – across valuations and investment advisory – Jarrod's expert analysis and insights aim to offer clarity on Melbourne's current property landscape. What could be the culprit behind Melbourne’s unusual property market behaviour? Tune in to learn all about Melbourne's property market and discover what's coming up next. This episode gives you helpful info you wouldn't want to miss. So hit that play button and let's dive in! Episode Highlights: 00:00 - Introduction 01:04 - Who is Jarrod McCabe? 01:22 - Trends observed in Melbourne's property market since the onset of COVID-19 02:44 - The recent trends in Melbourne's property market according to CoreLogic data 04:27 - How has the return to work influenced residential preferences in Melbourne? 06:14 - The shift in investor behaviour amidst rising rents and the rental crisis 10:57 - How does Melbourne's urban lifestyle impact property demand and rental dynamics? 14:25 - The impact of recent changes in land tax legislation on property investment behaviour 21:38 - Key factors contributing to Melbourne's resilience as a property investment destination 23:37 - What is happening with the population of Melbourne? 28:30 - Factors contributing to the disparity in property values between Melbourne and Sydney 30:44 - Can investors still find property investments in Melbourne with a budget of $1M? 35:22 - How Melbourne's property market responds to changing dynamics in house prices 39:08 - Planning controls evolving in suburban areas surrounding Melbourne's city center 42:45 - Jarrod McCabe’s property dumbo 45:33 - What's the impact of super Saturdays on Melbourne's clearance rate? About Our Guest: Jarrod McCabe, a property industry veteran with over two decades of experience, excels in valuations and investment advisory. His expertise in Melbourne's inner suburban market, combined with sharp negotiation skills, ensures successful outcomes for clients. As property team manager, Jarrod prioritizes understanding client needs while mentoring colleagues. Since completing his Bachelor of Business (Property) in 2000, he has risen to the role of Director at Wakelin Property Advisory, also serving as an active property educator through webinars, seminars, and media contributions. Connect with Jarrod McCabe: https://linkedin.com/in/jarrod-mccabe-81333034/https://wakelin.com.au/https://wakelin.com.au/education/podcasts/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Ever wondered why economists seem to favour land tax? What happens if we get rid of stamp duty on houses? And why do some people say negative gearing and capital gains tax discounts are bad? We're here to unpack these questions and more. Join us in this episode as we explore the often-debated topics of negative gearing and the capital gains tax discount with Chief Economist Michael Blythe, whose recent paper, "In Praise of Negative Gearing" has stirred up quite a buzz. We dive into the insights and arguments he presents and uncover the nexus between property taxes and housing market behaviour. Whether you own a home, rent, or just want to know more, this episode is for you. Hit play and let's get into the nitty-gritty of property taxes and the housing market! Episode Highlights: 00:00 - Introduction 01:06 - Who is Michael Blythe? 01:43 - What role does tax play in property market challenges? 03:49 - Historical context: Negative gearing and CGT discounts 10:03 - Did property prices really slow down without negative gearing? 17:06 - How has the ACT's taxation change affected property prices? 25:37 - The pros and cons of an expensive property market from a societal standpoint 29:46 - Is negative gearing detrimental to both home buyers and renters, as some argue? 34:36 - Where does the economy currently stand in terms of inflation control? 37:37 - Is the economy headed for higher prices and a cost-of-living crisis? 40:00 - The limitations of using interest rates as a tool to manage inflation 44:17 - The downsides of downsizing 50:29 - How does the aged care system impact housing availability? 52:04 - The interplay between property investing, negative gearing, and taxpayer costs 57:27 - Michael Blythe’s property dumbo About Our Guest: Michael Blythe is a respected Chief Economist and senior executive with extensive experience in economic policy and financial markets. He has worked across both Commonwealth Bank of Australia and Reserve Bank of Australia and brings great knowledge of, and insight into, the Australian and global economy, economic policy and markets. Connect with Michael Blythe: https://www.linkedin.com/in/michael-blythe-272a1688/https://www.downsizer.com/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

What is driving the relentless rise in Australia's property prices, and how are homeowners managing as the fixed mortgage rates from the COVID era expire? These are important questions as we deal with rising inflation and increasing living costs, so in this episode, we tackle these issues to see how they're affecting both the housing market and potential buyers. Joining us to break down these complex topics is Carlos Cacho, Chief Economist at Jarden Australia. Carlos has a deep understanding of Australian economics, especially banking and housing markets, thanks to his previous roles at UBS Australia and Colonial First State Global Asset Management. He holds a Bachelor of Economics and a First Class Honours in Economics from the University of New South Wales, making him a highly credible voice on these matters. Make sure to tune into this episode for a thorough analysis of the current economic pressures on Australia's property market and what they could mean for the future. Equip yourself with the insights needed to better understand these challenging economic times. Episode Highlights: 00:00 - Introduction 01:08 - Who is Carlos Cacho? 01:30 - What led Carlos to oppose the common view on reducing serviceability buffers? 06:20 - Does lowering the serviceability buffer improve affordability or just increase prices? 08:48 - Will increasing urban density in Sydney truly improve housing affordability? 12:40 - What factors contribute to continued property price increases in most cities? 18:35 - Key differences in the apartment and house markets in major cities 20:36 - Do seasonal trends affect real estate listings? 26:43 - Will higher interest rates persist longer than anticipated? 32:05 - Could we see a return to the economic conditions similar to those before 2022? 36:27 - Is climate change becoming a big driver for investment around the world? 38:44 - The impact of high interest rates on economic stability over the next decade 44:15 - What are the anticipated migration trends for the upcoming years? 50:38 - Are we meeting our labor demands through skills migration? 52:05 - Carlos Cacho’s property dumbo About Our Guest: Carlos Cacho is Chief Economist and leads Australian bank research at Jarden in Australia. Carlos’ research covers all things Australian Economics and Banks, with the strong focus on the housing market. Prior to joining Jarden, Carlos spent three years as Australian Economist at UBS Australia, and previously five years at Colonial First State Global Asset Management. Carlos holds a Bachelor of Economics, as well as a First Class Honours in Economics from the University of New South Wales. Connect with Carlos Cacho: https://www.linkedin.com/in/carlosscacho/https://www.jardengroup.com.au/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Ever wondered why people end up spending more than they planned at auctions? What about the missed opportunities for vendors due to ineffective auctioning practices? These common pitfalls not only impact individual transactions but also shape the broader dynamics of the auction process. In this episode, we're joined by award-winning auctioneer Andy Reid to understand why these problems happen at auctions and how to solve them. We explore why people get caught up in bidding wars and what sellers can do to get better results, then break down the tricks of the trade and give you practical tips to do auctions smarter. Tune in to gain a competitive edge in the fast-paced world of property auctions and learn how to avoid the common mistakes that can cost you money. Join us for a chat that could change the way you approach auctions. Episode Highlights: 00:00 - Introduction 01:04 - Who is Andy Reid? 02:14 - Is it true that the buyer with the deepest pockets always wins the auction? 06:30 - Examples of auctions benefiting buyers more than sellers 09:51 - How does an auctioneer provide value with limited preparation time? 11:20 - What insights does an auctioneer gain from reviewing auction contracts? 17:27 - What briefing can buyers expect from agents before auctions? 22:45 - Auctioneer strategies in balancing silence and pace in auctions 25:46 - Why buyers should research the auctioneer before attending an auction 30:20 - Stories of shocking auctioneer mistakes 34:25 - Understanding vendor bids: their purpose and usage by auctioneers 39:44 - The legislative aspect of negotiating at the reserve price in Victoria 47:37 - Passing in a property at auction 50:19 - Declaring a property "on the market" during an auction 55:28 - Andy Reid’s property dumbo 57:43 - Final advice for auction bidders and one major mistake to steer clear of About Our Guest: Andy Reid is an award-winning sales coach and top auctioneer in Real Estate known for his emphasis on emotional intelligence and mental health advocacy. Recognized as the Australian Auctioneer of The Year in 2022, Andy owns a thriving auctioneering business serving over 130 agents/agencies in Metro Melbourne. With a 'human first, agent second' approach, he has helped thousands of homeowners navigate Real Estate transactions. Andy's commitment to community extends to raising over $3 million for charities since 2015, making a difference through public speaking, auctioneering, and networking. As an ambassador for mental health charity '100 Words - Mate To Mate,' Andy promotes professional success while highlighting the importance of emotional and intellectual intelligence. Connect with Andy Reid: https://andyreid.com.au/https://www.linkedin.com/in/andyreidcoaching/https://www.instagram.com/andyreidcoaching/https://www.facebook.com/andyreidcoaching Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Depending on a potentially biased strata report could lead to problems later on, like unexpected costs or hidden issues with the property. Without clarity on what might be omitted or misrepresented in these reports, buyers risk making decisions based on incomplete or biased information, therefore jeopardising their investment. Today, we are joined by Michael Ferrier, the founder and MD of EYEON Property Inspections — who has been in the property business for more than 15 years now. With a decade and a half dedicated to perfecting property inspections, Michael's here to help us decipher the characteristics of a reliable report and whether or not it's smart to trust them from the seller's side. Michael explains what needs to be seen in these reports and how they can help you decide if you want to buy a place. He talks about looking for missing info and warning signs that could mean trouble later on. So, if you're thinking about buying a place—whether it's your first time or not—this episode is for you. Tune in as we break down strata reports and learn how to make smarter choices when it comes to buying property. Episode Highlights: 00:00 - Introduction 01:03 - Who is Michael Ferrier? 01:57 - Thoughts on the issues surrounding strata companies about potential misconduct 04:50 - Strata managers’ fees haven’t gone up in 15 years 07:27 - Do undisclosed commissions have an impact on strata reporting? 13:15 - Statutory regulations regarding strata management in NSW 14:35 - Who writes a strata report? Do they need to be qualified? 17:06 - What do buyers typically do once they get a strata report? 21:48 - What does a strata report look like? 25:13 - Red flags you need to spot in a strata report 30:05 - Will properties with clear strata info soon fetch higher prices? 32:23 - Determining a good, moderate, average strata report 36:13 - Key factors to focus on when assessing insurance details in strata reports 39:07 - What are the consequences of owners' reliance on underpaid strata managers? 41:46 - How are strata managers handling maintenance issues in aging buildings? 47:26 - Insights on urban development and zoning regulations 49:09 - Michael Ferrier’s property dumbo About Our Guest: Michael Ferrier is the founder and MD of EYEON Property Inspections. Michael founded EYEON because he saw the opportunity to turn a cottage industry into a professional level service, offering high quality reports and outstanding customer support to property buyers and sellers. Michael has over 35 years of experience across government policy, financial services, banking, franchising, building small businesses, and, of course, property. A keen golfer and rugby nut, Michael says that finding solutions to common problems is very rewarding. The challenge is that solutions often require a change in behaviour. Connect with Michael Ferrier: https://www.eyeon.com.au/https://www.linkedin.com/in/mferrier/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

With Queensland’s housing market facing an unprecedented crunch, many are left wondering: What can be done to ease the strain? The consequences of this housing crisis are far-reaching, affecting individuals, families, and communities across the state because it's not just about finding a roof over your head anymore. With housing prices soaring and options dwindling, the dream of owning a home is slipping out of reach for many Queenslanders. Today, we have Jackson Hills from Q Shelter — Queensland’s leading authority on housing and homelessness services. With years of experience and expertise in the field, you can trust him to give us the lowdown on what's really going on. Tune in as we break down the housing crisis in plain and simple terms and figure out what we can do to make things better. Your home is your sanctuary – let's work together to keep it that way. Episode Highlights: 00:00 - Introduction 01:05 - Who is Jackson Hills? 02:08 - Making sense of the complex issues on Australia’s housing crisis 05:18 - How can we promote inclusive housing policies that benefit all sectors of society? 09:20 - What are some of the more acute housing problems in Queensland vs other states? 13:36 - Understanding the impact of oversupply concerns on property prices 15:31 - How feasible is the build-to-rent sector considering current challenges? 19:19 - What factors are influencing landlords' decisions to increase rents? 21:49 - Ways governments can aid build-to-rent and community housing? 24:50 - Can private developers profitably engage in build-to-rent on government-owned land? 32:03 - How can developers contribute to designing inclusionary planning frameworks? 37:37 - Understanding the universal housing continuum 42:29 - Insights on rising rental prices resulting in displacement 45:45 - Are there any developers focusing on more than just selling or renting units? 48:20 - Jackson Hills’ property dumbo About Our Guest: Jackson Hills, Manager of Policy and Strategic Engagement at Q Shelter, brings over 15 years of experience in not-for-profit and community organisations, previously serving with Tennis Australia, the AFL, and the Australian Sports Commission. With a master’s in business administration from SCU and accreditations from the AICD, Jackson leads efforts at Q Shelter, Queensland’s primary body for housing and homelessness services. He also serves on the Board of Common Ground Gold Coast, the executive committee of National Shelter, and advises at Collective Leisure, alongside mentoring at the Gold Coast Youth Service. Connect with Jackson Hills: https://www.linkedin.com/in/jackson-hills-3702a825/https://qshelter.asn.au/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Negative gearing and its companion, the capital gains tax discount, have reemerged as hot topics in economic and political circles. But why does it matter? Well, it affects investors, homeowners, and the economy as a whole. There's a lot of confusion about what it all means and what might happen next. In this episode, we explain what negative gearing and the capital gains tax discount are all about. We clear up any confusion and explore why they're in the news again. By the end, you'll have a better grasp of these topics and what they mean for you. Tune in to learn why negative gearing is making waves and what it could mean for your finances. Whether you're a seasoned investor or just curious, this episode will give you the insights you need to understand the headlines. Episode Highlights: 00:00 - Introduction 02:06 - Why is negative gearing back in the headlines again? 04:40 - What are some of the unintended consequences of negative gearing? 06:28 - What is negative gearing? 10:22 - Why is negative gearing controversial? 12:30 - Understanding property investment yields and capital growth 16:49 - Capital gains concession tax and how it works 20:30 - How can investors benefit from changing the capital gains tax 27:30 - How could modifications in negative gearing influence the property market? 33:36 - Is it true that negative gearing contributes to making housing less affordable? 40:01 - How do these tax changes affect the housing market? 44:46 - Are there potential repercussions in removing negative gearing? 47:25 - How can borrowing capacity reductions slow down portfolio investors? 50:29 - Do current tax rules reward "bad behaviour" in property investment? 55:24 - Chris discusses the potential negative impact of attacking negative gearing Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

The real estate landscape is constantly evolving, and recent data has unveiled surprising trends in Australian cities' property markets. Brisbane's boom, Hobart's unexpected decline, and Perth's resurgence raise intriguing questions and we're unsure if the numbers we're seeing are telling us the whole truth. Are these trends indicative of long-term changes, or are there underlying factors that could challenge our understanding of the data? In this episode, we are once again joined by Eliza Owen, the Head of Research at CoreLogic Australia whose vast experience in housing market research makes her an authority on key issues such as housing affordability, credit conditions, and the impact of external factors like the COVID-19 pandemic on the housing market. If you're thinking about buying or selling a house, this episode could help you make better decisions. So join us and gain a better understanding of the data conundrum shaping Australia’s property market landscape. Let’s get started. Episode Highlights: 00:00 - Introduction 01:14 - Who is Eliza Owen? 02:22 - Are experts predicting positive trends for the housing market in 2024? 05:17 - How can Brisbane's dwelling values be higher than Melbourne's despite lower prices? 12:01 - What factors are driving the shift in migration patterns away from Sydney? 14:11 - Differences between Brisbane, Hobart, and Perth's property markets 17:48 - Understanding the factors influencing property prices beyond internal migration 19:19 - What factors influence borrowing capacity for property purchases? 21:36 - How is investor behaviour impacting the stability of the housing markets? 25:38 = Criteria used to identify rentvestors and owner-occupiers in the housing market 28:03 - Understanding Eliza’s women and property report 40:29 - How research methods account for women who co-own properties with male partners 50:44 - How financial literacy influences consumer response to reduction in interest rates 53:52 - What changes have occurred in property market drivers since Eliza started? About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: https://www.linkedin.com/in/eliza-owen-2554ab65/https://www.corelogic.com.au/ Resources mentioned in this episode: https://www.corelogic.com.au/news-research/reports/women-and-property-2024 Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Are rental pressures set to continue in 2024, or is there hope for easing in certain areas? Securing a rental property is becoming increasingly challenging in 2024, posing difficulties for landlords and tenants alike. For property investors, it’s about facing the task of strategically investing their funds. Meanwhile, tenants are faced with the uncertainty of rising rental rates and limited housing options. Today, we are joined by our resident data geek, Kent Lardner to dissect these pressing issues. With Kent's expertise in analysing real estate trends, he brings invaluable insights into the factors shaping the rental market landscape in 2024. Tune in to get some helpful tips and actionable takeaways in dealing with the rental market in 2024. Episode Highlights: 00:00 - Introduction 01:00 - Kent's approach to investigating the outlook for the rental market in 2024 04:41 - The difference in gathering and reporting rental data compared to sales data 06:32 - Analysing the current state and potential future developments in the rental market 09:06 - The challenges of housing affordability and the resulting trends 14:07 - Rental trends in the context of affordability and price increases in various capital cities 18:55 - Key factors influencing equity and borrowing capacity for investors 21:12 - Does prefab construction offer a solution to housing affordability? 26:09 - The dynamics of affordability and price increases in Brisbane, Melbourne, Sydney 30:27 - Why is the majority moving OUT of Sydney? 34:45 - Displacement in the rental market and its implications on supply and demand 36:43 - The potential impacts of legislative reforms on rental data transparency 42:23 - What role should policymakers play in addressing rental insecurity? 43:45 - What steps can be taken to ensure equitable access to affordable housing for all? 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: https://au.linkedin.com/in/kentlardnerhttps://suburbtrends.com/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Do first home buyer incentives actually help make housing more affordable, or do they unintentionally worsen affordability issues? As the debate surrounding first home buyer incentives continues, we seek to understand their true effect on property prices and overall housing affordability. Governmental interventions, such as lending to first home buyers, raise questions about the source of funding and who ultimately benefits from these policies. Today, we are joined by property valuer, Will Phillips — whose extensive research and expertise in property valuation brings valuable insights into how first home buyer incentives are affecting the housing market. Tune in to this episode as we explore the complexities of first home buyer incentives and gain a deeper understanding of how these policies are affecting housing affordability and the broader socio-economic landscape. Episode Highlights: 00:00 - Introduction 01:04 - Who is Will Philips? 03:25 - Why does Perth exhibit higher rates of homeownership in contrast to other areas? 09:34 - How Will separated macro-environmental factors from incentives in his research 14:24 - Do Perth residents benefit from simplified housing access? 16:46 - What's the impact of keystart loans on suburban financial trends? 19:39 - Do incentives create imbalance between new and established markets? 22:17 - What challenges do homeowners in suburbs face amid recent price changes? 26:45 - Examining the correlation between mortgage rates and long-term unemployment 30:44 - Additional questions arising in the discussion about homeownership and employment 37:20 - What's Will's take on Perth's investor appeal amid changing market factors 39:54 - Will's philosophy on assessing risk and return in property investment 42:48 - How does owner-occupier appeal differ between Perth and Southeast Queensland? 47:01 - Exploring the relationship between market dynamics and build quality 49:05 - Will Phillips’ property dumbo About Our Guest: Will Phillips is a property valuer with a 15-year career spanning Australia's diverse landscape. Beginning in South-East Queensland, he assessed properties in urban and remote areas before gaining unique insights in Outback NSW, Outback QLD, Coastal QLD, and Western Australia. Coupled with a Master of Economics (2023), Will dedicated his "spare time" to a 20,000-word dissertation investigating the impact of the mining industry, first home buyer grants and low deposit home loans on Western Australia's property market over the past 20 years. His extensive experience equips him with unparalleled insights into regional dynamics and market cycles across Australia. Connect with Will Phillips: https://www.linkedin.com/in/will-phillips-cbre/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Are we adequately prepared for the consequences of the rapid surge in apartment construction and the subsequent increase in strata dwellings? As we witness a significant increase in the number of new dwellings within strata schemes, it's essential to assess whether our current strata management practices are sufficient to handle the associated challenges. From potential conflicts among residents to the strain on resources and infrastructure, the implications of this rapid growth in strata dwellings are far-reaching and require careful consideration. Today, we're joined by Michael Teys, an experienced consultant who specialises in strata management. With over three decades of hands-on experience in the field, Michael has a deep understanding of how strata systems work. He's also written several easy-to-understand books about strata management and has helped lots of strata communities with his expert advice. Don't miss out on this opportunity to gain a deeper understanding of the evolving landscape of strata management – tune in now! Episode Highlights: 00:00 - Introduction 01:07 - Who is Michael Teys? 01:48 - How does Australia stand out in terms of strata? 05:26 - Will Sydney continue to see more buildings deemed unsafe? 09:00 - Could individual past owners of buildings face lawsuits for building neglect in Australia? 12:03 - What can Australia learn from global solutions for building issues? 17:31 - The importance of having more proactive steps for Australian strata issues 21:19 - Why and how the government could potentially help in addressing strata issues 29:34 - What can be done to improve the strata property purchasing processes? 35:15 - What property investors and home buyers should understand about strata levies 36:29 - How do global policies tackle strata safety and developer accountability across borders? 39:37 - How can potential buyers obtain reliable safety information about strata properties? 44:49 - What strategies could be considered to ensure building safety remains a priority? 49:56 - Where to find hope amidst the challenges and discussions within the strata community? 52:50 - Michael Teys’ property dumbo About Our Guest: Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals. Connect with Michael Teys: https://michaelteys.com/https://www.linkedin.com/in/michaelteys/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

The YIMBY (Yes In My Backyard) movement proposes increasing urban density while maintaining the quality of life. This raises questions about the potential impact on developer profits, the power struggle between YIMBYs and NIMBYs, and the broader implications for city planning and community dynamics. Join us as we talk with Melissa Neighbour, an urban planner, community builder, and the co-founder of Sydney YIMBY. With her extensive experience and expertise in sustainability, Melissa is uniquely positioned to shed light on the intricacies of the YIMBY movement and its potential to reshape urban landscapes. Listen to this episode to learn about the YIMBY movement and its implications for urban living. Get insights into the future of city planning and the ongoing argument between YIMBYs and NIMBYs. Episode Highlights: 00:00 - Introduction 01:23 - Who is Melissa Neighbour? 02:31 - What is the origin of the Sydney YIMBY movement and how has it been growing? 05:10 - How do YIMBYs reconcile urban development's impact on infrastructure? 08:34 - Do YIMBYs shift their views and become NIMBYs after buying property? 12:24 - How does the YIMBY movement aim to influence urban planning reforms? 18:32 - Addressing the challenges that arise from negative perceptions of development 23:53 - What is “design done well” 25:56 - How does housing diversity impact the realisation of the Great Australian Dream? 31:01 - Is zoning alone enough to solve housing supply issues? 32:56 - What is the balance between development and preservation in urban infill? 35:25 - Strategies for addressing housing supply constraints within the planning system 42:12 - What additional changes are necessary to create a fair market environment? 43:11 - How can urban development balance heritage preservation and housing density? 46:48 - The role of investment returns, affordability, and preferences in property trade-offs 53:01 - What role does planning play in high-density development success? 59:36 - Melissa Neighbour’s property dumbo About Our Guest: Melissa Neighbour is an urban planner, community builder and sustainability specialist. She is the owner and Director of Sky Planning, a purpose-driven town planning consultancy based in Sydney, and co-founder of Sydney YIMBY. She has developed and implemented award-winning sustainable development projects across Australia, and is a strong advocate for building progressive, inclusive cities that unleash and amplify your peak potential as a human being, while regenerating the natural environment. Melissa regularly consults to government and industry and presents at major fora including TEDx, on the innovations, trends and forces that are shaping urbanism and defining our communities. Connect with Melissa Neighbour: https://www.linkedin.com/in/melissaneighbour-future-city/https://www.sydney.yimby.au/https://twitter.com/missneighbour Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Join us in today's episode as we tackle real estate head-on, responding to questions from our listeners that hit close to home. Ever found yourself rushing to perform strata due diligence on a property about to slip through your fingers? We've got you covered with practical strategies for navigating this time-sensitive challenge. And what do you do when your strata manager seems to have disappeared into thin air? We share practical and effective advice on effective communication to break through those managerial roadblocks. For investors struggling to understand the complexities of land tax, we break down the tipping point for selling, ensuring you make informed decisions about your investment portfolio. Dive into the regional dynamics of property markets as we explore why East Coast property enthusiasts might turn their noses down at Perth real estate. We discuss the cultural perceptions influencing this divide. Plus, get the lowdown on the rising trend of modular and kit homes, helping you separate fact from fiction in this innovative housing landscape. Tune in for a no-nonsense Q&A session, where we tackle real estate challenges, providing insights that will empower your investment journey. Episode Highlights: 00:00 - Introduction 01:05 - How to conduct thorough due diligence solely with vendor-provided strata reports? 10:15 - When should investors sell in Sydney considering land tax impact? 15:59 - Veronica shares a property dumbo related to land tax 28:49 - Is building with pre-built and modular homes economically viable? 35:56 - What to do if strata manager ignores queries on solar panels and insurance? 41:12 - Is there a Perth property market misconception among East Coasters? Resources mentioned in this episode: https://www.theelephantintheroom.com.au/podcasts/308https://yourstrataproperty.com.au/listen-to-podcasts/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Have you ever wondered why, despite the widely recognised affordability crisis in Australia, housing prices continue to soar? This puzzling situation raises questions about how the housing market works and what it means for those trying to buy a home or invest in property. In today's episode, we talk to senior economist Paul Ryan from REA Group’s PropTrack. Paul's been digging into real estate trends for quite a while, and he's got a practical grasp of the subject. His straightforward insights into what's driving housing prices gives us a clear picture of the current market. If you'd like to understand why homes are becoming more expensive even in the face of affordability concerns, or maybe you're curious about the disconnect between affordability and rising prices, this episode is for you. Episode Highlights: 00:00 - Introduction 01:06 - Who is Paul Ryan? 01:56 - Paul’s take on the 2023 property market coming into 2024 03:57 - Factors behind the decline in housing turnover over the past decade 06:09 - How are economic factors affecting the downsizing phase of homeownership? 08:49 - What role does Australia's economic well-being play in housing affordability? 10:39 - Metrics used to assess affordability and which one labels Australia as highly-priced 16:24 - How will intergenerational wealth transfer impact future housing affordability? 19:02 - Strategies on the government's roadmap for housing challenges in the next decade 22:08 - How Paul thinks the shortage of homes in desirable locations should be tackled 30:23 - Is the COVID-driven home builder initiative really causing a profitless boom for builders? 33:12 - Should heritage preservation take precedence over urban densification? 36:27 - Explain the inconsistency of crowded living and spare bedrooms near the CBD 39:29 - How can the real estate industry make downsizing more appealing for empty nesters? 43:05 - What factors contribute to the surprising affordability of buying versus renting? 45:26 - Exploring the RBA's mindset during periods of slowing inflation 50:47 - What’s the disconnect: 40% negative cash flows, but no widespread property sales? 54:45 - Paul Ryan’s property dumbo About Our Guest: Paul Ryan is an economist at REA, specialising in housing finance, market forecasting and big data analysis. Before joining REA in December 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets. Paul is based in Sydney. Connect with Paul Ryan: https://www.linkedin.com/in/paul-ryan-524ba456/https://www.realestate.com.au/news/author/paul.ryan/https://www.proptrack.com.au/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Have you been keeping an eye on how the world's reopening is influencing the choices of Australian expats in the real estate market? Wondering if the trend of returning home is on the rise or if new destinations are emerging as hotspots for Aussies living abroad? What's really happening now that the world is opening up again? Are Aussies flocking back home, or are they still loving the expat life? In today's episode, we sit down with Brett Evans from Atlas Wealth Management to get into the real deal about Australians living overseas and their impact on the property market. He's seen it all and knows the ins and outs of why Aussies are choosing to live where they do. We also tackle money matters as we all know that while living abroad can be exciting, it also comes with its own set of financial challenges. So Brett gives us the lowdown on taxes, investments, and all that important stuff that can make or break the expat experience. Tune in and let's dive right into the world of Aussie expats and understand their impact on the property market. Episode Highlights: 00:00 - Introduction 01:02 - Who is Brett Evans? 01:56 - How has the expat community evolved in the years following 2021? 05:06 - Brett provides insights into the tax implications for expatriates working globally 10:50 - Is working for Australian companies from overseas becoming more common? 13:52 - Three distinct silos or groups identified in expatriate perspectives 15:13 - Factors affecting property buying behaviour among Australian expats 22:52 - Tax implications for expats when they return to Australia for a limited period 24:01 - What concerns arise for Australian retirees regarding asset sales when retiring abroad? 27:36 - How proper advice mitigates the risks of costly decisions for expatriates 31:49 - Horror stories about mistakes people make when purchasing property abroad 35:45 - Are there noticeable patterns in expatriates moving and returning? 40:35 - What considerations shape investment choices for Australians overseas? 45:50 - Does Brett consider the 2021 policy on expatriate properties short-sighted? 49:00 - Brett Evans’ property dumbo About Our Guest: Brett Evans, founder and Managing Director for the EMEA region at Atlas Wealth Management, boasts over 24 years in finance and investments, with roles at major firms like ASX, HSBC, Suncorp, and Citigroup. Specialising in financial advice for Australian expats, he established Atlas in 2011, serving clients across 38 countries. A seasoned expat himself, residing in Dubai, Brett holds a Bachelor of Commerce and various financial diplomas. Both he and Atlas Wealth Management have received numerous awards for their outstanding advice to Australian expats. Connect with Brett Evans: https://www.linkedin.com/in/brettaevans22/https://atlaswealth.com/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

How reliable is the data behind Perth's property boom, and what does it truly tell us about the future of this market? Is the market genuinely booming, or are we looking at a bubble that's about to pop? Today, we take a look at Perth's bustling real estate scene with Ray Chua, a seasoned buyers agent who's right in the thick of it all in Perth. He brings us the inside scoop by breaking down what's really driving the spike in property values in this vibrant city. Ray's got his finger on the pulse of the market, so he walks us through the trends by putting his years of experience and local know-how to work. He takes a hard look at the data investors usually bank on, hinting that it might not be as solid as we thought. For anyone thinking about jumping into Perth's property market, this episode is for you. Should you jump on the bandwagon and enjoy the surge in values, or is there a danger of getting caught in a slump? Tune in and let's get started! Episode Highlights: 00:00 - Introduction 01:03 - Who is Ray Chua? 02:09 - What is a mechatronics engineer? 03:16 - How did Perth's real estate market evolve over 20 years? 05:32 - What were Perth's property market trends from 2006 to 2023? 10:23 - How Perth evolved into a consolidated city from being just a mining town 11:31 - The primary industries driving Perth's economy 14:54 - Ray explains why he believes Corelogic's Perth data is incorrect 17:11 - How do local and external perspectives differ in Perth's property market? 24:22 - What risks do unqualified buyer's agents pose in real estate? 29:15 - Is there a growing buzz around investing in Perth's real estate? 33:58 - How affordability factors are impacting bridesmaid suburb popularity 35:57 - Is a rebound in Perth's property market guaranteed? 40:18 - How accurate is the claim of high vacancy rates in Perth? 43:53 - Are high earners in Perth poised to boost the market with more spending? 45:24 - Ray Chua’s property dumbo About Our Guest: Ray Chua, with 15 years as a Buyer’s Agent in Perth's property market, and a background in Mechatronics Engineering, combines analytical skills and extensive real estate expertise. He's adept in tailored client solutions, leveraging a vast network and a strong commitment to excellence. An active investor, Ray has handled projects from renovations to developments, including a significant triplex project. His experience with market dynamics post the mining boom led him to establish Buyers Advocate Perth, focusing on high-quality investments for clients and aiding in purchasing dream homes. Connect with Ray Chua: https://www.buyersadvocateperth.com.au/https://www.linkedin.com/in/chuaray/https://twitter.com/ray_chuahttps://www.instagram.com/rayyyychua/https://www.facebook.com/BuyersAdvocatePerth/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Looking to understand how the property market performed in 2023 and what to expect for 2024? Our January Suburb Trends report is here to guide you. We've closely analysed each capital city's performance in 2023, so we can provide you with direct and clear insights. Our resident data geek, Kent Lardner, is back to highlight the major shifts in each state's market. We cover the top three factors that influenced the market last year for a comprehensive overview. And finally, we tackle an important question: What do last year's trends indicate about investment opportunities in 2024? Join us for valuable insights that will help you prepare for the year ahead. Let’s get into it! Episode Highlights: 00:00 - Introduction 01:16 - How have Perth's property prices changed despite low listings? 05:22 - How did COVID impact real estate in Australian capitals? 06:40 - Listings decreases for units 07:17 - Areas where listings have increased 09:31 - Listings increase for units 10:52 - Inventory decreases in houses 11:35 - Inventory decreases in units 14:53 - Housing inventory levels in Sydney and Perth 15:57 - How are inventory levels changing in different areas in Australia 23:21 - Rental decreases for houses in Australia 27:03 - Top 10 rental increases for houses and units 33:00 - The biggest topics about property in 2024 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: https://au.linkedin.com/in/kentlardnerhttps://suburbtrends.com/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Wondering what the 2024 property market has in store for you? Let's dive into the big trends and changes that might be coming our way. In this episode, we take a close look at what could shape the property market in 2024. We're not making any predictions, but we'll talk about the important stuff like interest rates, how many houses are up for sale, and the impact of people moving into the country. We also talk about how bigger economic trends and government decisions could affect the property market. Plus, we'll look at which areas might become more popular for buying houses and why. This part's really handy whether you're buying your first home, looking to invest, or just curious about what's happening in real estate. So, whether you're planning to buy, sell, or just stay in the loop, tune in to this episode. We're breaking down the 2024 property market to help you make smart moves and stay ahead of the game. Episode Highlights: 00:00 - Introduction 01:01 - Reflection on the real estate market of Australia in 2023 02:30 - Analysis of property price trends in Sydney and other Australian cities 04:35 - Australian property market dynamics in relation to interest rates and borrowing capacity 09:04 - Discussion on fixed rate cliffs, borrowing capacity, and resilience in the property market 10:47 - Examination of the rental crisis and its impact on the property market 14:48 - How does the shift from remote to office work impact real estate trends? 20:57 - Emerging trends in real estate due to changing family needs 23:55 - How is intergenerational wealth shaping the Australian property market? 28:15 - Factors driving the recent influx of investors in the property market 31:58 - The effect of rising interest rates on recent refinancing decisions 35:19 - The potential impact of new rezoning policies on the property market 40:45 - What are the implications of global economic uncertainty on property prices? 43:47 - Lessons learned from the unpredictability of the property market 46:41 - What six years of podcasting has taught us about the property market Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Is the dream of owning a home in Australia becoming increasingly difficult amidst rising interest rates and the influx of migration? In today's episode, we delve into the escalating challenges of home ownership in Australia, focusing on the combined impact of rising interest rates and increased migration. We start by examining how these higher interest rates are making it increasingly difficult for people to buy homes. Following this, we explore the influence of recent migration patterns on the property market, analysing how these demographic shifts are affecting housing demand and prices. Martin North, founder of Digital Finance Analytics, joins us to offer his expert insights into the intertwined issues of climbing interest rates, growing migration, and the pursuit of affordable housing. Amidst these challenges, we also highlight the innovative strategies Australians are adopting to tackle the affordability crisis. Tune in for an in-depth exploration of Australia's housing affordability crisis, where we'll discuss both the problems and the creative solutions emerging in response. Episode Highlights: 00:00 - Introduction 01:12 - Overview of Martin North's expertise and background in finance and property 02:12 - Similarities and differences in Australia and UK property market 05:34 - Does the UK property market hold similar economic weight as Australia? 12:16 - The impact of recent immigration trends on the Australian property market 16:03 - Comparing UK and local inflation trends post-COVID: What's different? 25:49 - Is the recent market recovery a result of changing immigration and wealth patterns? 33:12 - Why are unit resales in Melbourne facing losses despite market growth? 38:13 - What's the directional outlook for property prices next year? 42:43 - Has the Australian property market become more volatile recently? 49:08 - Key role of residential property in Australia's economy and government stability efforts 56:06 - Veronica shares a property dumbo 59:15 - Martin North’s property dumbo About Our Guest: Martin North is a prominent researcher who specialises in the mortgage lending, savings payments, and superannuation sectors. He is the founder of Digital Finance Analytics — a boutique research, analysis, and consulting firm. He has a long history of research in mortgage stress in Australia and publishes relevant indices on defaults, mortgage stress, and consumer confidence. In addition to his work in finance, he curates the YouTube channel "Walk the World," where he covers finance and property news with a distinctively Australian flavour and invites controversial guests. He is also a founding director of Asbestos Awareness Australia, a registered charity he established with his late wife, Jill, in 2021. Connect with Martin North: https://www.youtube.com/c/walktheworlddfahttps://www.linkedin.com/in/martin-north-6a799182/https://www.digitalfinanceanalytics.com/ Resources mentioned in this episode: https://www.theelephantintheroom.com.au/podcasts/218 Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

Is your empty room a solution to Australia’s rental crisis? Currently, Australia faces the challenge of a staggering 13.5 million spare bedrooms lying unused. Today, we delve deep into the exploration of whether these neglected spaces could hold the key to alleviating the country's housing crisis. Joining us is Ludwina Dautovic, the visionary behind The Room Xchange, a groundbreaking house-sharing platform. She's here to shed light on the potential impact of harnessing these overlooked resources and how it might reshape the housing landscape. Are we on the cusp of not only witnessing a resurgence in shared housing but an entirely new demographic embracing this alternative lifestyle? It's important to consider, however, that as this idea gains traction, so does a wave of concerns. Is inviting a stranger into your home a risk worth taking? Join us for a thought-provoking discussion that delves into whether your vacant room could emerge as the unexpected solution to Australia's rental crisis. Episode Highlights: 00:00 - Introduction 01:20 - Who is Ludwina Dautovic? 04:45 - Have there been notable shifts in housing preferences since the pandemic started? 07:46 - How does the rental offset option provide a unique solution? 12:18 - Should the government look at changing tax laws around house sharing? 15:12 - Is renting out rooms seen as a real solution to the housing problem? 18:18 - What are the odds of successful house sharing for someone in their 40s or 50s? 24:00 - House sharing is now considered the third option in real estate 28:01 - Are financial considerations impacting the decision to maintain a dedicated home office? 30:02 - What legal agreements exist to protect both homeowner and house sharer? 33:39 - What is the most common bone of contention in house sharing arrangements? 37:31 - How do changes in interest rates affect inquiries on your house sharing platform? 42:49 - What could be the biggest challenge for homeowners considering house sharing? 47:52 - Ludwina Dautovic’s property dumbo About Our Guest: Ludwina Dautovic is the CEO and Founder of The Room Xchange, Australia's first and only verified house-sharing platform. There are over 13.5m unused spare bedrooms in 10m homes across Australia. It's existing housing stock, that if accessed, could help ease our housing crisis. The Room Xchange provides Digital ID verification, profile matching and rental options so homeowners feel confident in the house-sharing process. With continual interest rate hikes and inflation on the rise, a spare room can yield $10K + a year. It can help relieve mortgage stress and provide affordable rental options for those priced out of the rental market. Connect with Ludwina Dautovic: https://www.linkedin.com/in/ludwinadautovic/https://www.theroomxchange.com/ Resources: https://www.theelephantintheroom.com.auquestions@theelephantintheroom.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.blusk.auhello@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! https://www.youtube.com/@theelephantintheroom-podcasthttps://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.