The Elephant In The Room Property Podcast | Inside Australian Real Estate  Por  arte de portada

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

De: Veronica Morgan & Chris Bates
  • Resumen

  • 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!
    2024 Veronica Morgan & Chris Bates
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Episodios
  • What 2024 Property Forecasts Got Right – And Wrong: Mid-Year Review
    Jun 16 2024
    Wondering how the 2024 property forecasts are stacking up so far? Tune in to our mid-year review as we dive into the real estate predictions that nailed it and the ones that missed the mark. In this episode, we dissect the key trends, market shifts, and unexpected twists that have shaped the housing landscape in the first half of the year. Today, we have Louis Christopher with us again to share his insights from the much-anticipated “Boom or Bust” report. Louis has a knack for making accurate predictions, but he’s also refreshingly honest about where he’s gone astray. We explore his methodology and the factors he weighs when making his forecasts. This episode is a must for anyone keen on understanding property market predictions and figuring out which ones to trust. We also peek into what the rest of the year might hold, including potential surprises and how elements like inflation and geopolitical tensions could sway the market. Tune in to get a better grasp of the 2024 property market trends 'cause whether you're buying, selling, or investing, this episode offers vital insights into the current property market dynamics and what to keep an eye on in the months ahead. Episode Highlights: 00:00 - Introduction 01:01 - Who is Louis Christopher? 01:43 - Discussion on the national market performance and overall trends observed in 2024 03:07 - Analysis of the market slowdown and how it compares to previous years 07:32 - Why the lack of major surprises in the property market despite economic uncertainties 12:15 - Discussion on Perth’s growth trajectory and contributing factors 16:53 - Projected rise of unemployment in Perth and its potential effects on property prices 19:00 - Brisbane’s growth and how it compares to other major cities 22:16 - How the number of property listings in Brisbane has changed over recent years 28:43 - Trend of declining property listings and transaction volumes in various locations 30:35 - The influence of stamp duty on property prices and market activity 35:08 - Louis’ analysis on the Australian Capital Territory 37:00 - The potential impact of upcoming elections on housing market forecasts 41:13 - The importance of creating scenarios to anticipate future developments in real estate 42:27 - How does media coverage influence public perception of real estate forecasts? 47:27 - Louis Christopher’s property dumbo About Our Guest: Louis Christopher established SQM Research in 2006. He was Head of Research and General Manager of the property statistics agency, Australian Property Monitors (APM) for six years. During his time at APM, Louis constructed key residential property market indexes published by the Reserve Bank of Australia. Prior to APM Louis spent three years at the Securities Institute of Australia as a Technical Editor. Louis previously spent 18 months at MLC working in the investment services. He is widely respected for the quality and accuracy of his market outlooks, ratings philosophy and forecasts for the Australian residential property market. Connect with Louis Christopher: Connect with Louis on LinkedIn: https://www.linkedin.com/in/louischristopher/Visit SQM’s website: https://sqmresearch.com.au/Connect with Louis on X: https://x.com/LouiChristopher Resources mentioned in this episode: Download Louis Christopher's 2024 Housing Boom and Bust Report here: https://sqmresearch.com.au/boombustreport.php Resources: Visit our website https://www.theelephantintheroom.com.auIf you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking for a Mortgage Broker? https://www.blusk.auWork with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.
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    53 m
  • Red Flags You Must Know Before Hiring a Buyer’s Agent
    Jun 9 2024

    How can you distinguish the trustworthy buyer’s agents from the rest in a market flooded with options? With so many buyer’s agents vying for your attention, it's easy to fall prey to misleading promises and hidden agendas.

    In this episode, we delve deep into the world of buyer’s agents, uncovering the essential red flags every prospective property buyer should be aware of before making that crucial hire. With the real estate market booming and buyer’s agents popping up left and right, it’s more important than ever to discern who can truly save you money and secure the best property assets.

    If you're looking to buy a property but feel overwhelmed by the sheer number of buyer’s agents out there, this episode's for you. Tune in to uncover the red flags every property buyer must know before selecting and hiring a buyer's agent.

    Episode Highlights:

    00:00 - Introduction

    03:49 - Why should clients be more careful in selecting a buyer’s agent today?

    06:56 - How regulatory disparities impact the credibility of financial advisors and buyer's agents

    13:43 - What challenges arise in managing relationships between clients and buyer's agents?

    19:14 - Why you need to be cautious in engaging buyer's agents for property investment

    23:40 - Understanding the true value proposition of buyer's agents in property transactions

    29:24 - What should clients know before engaging buyer's agents for off-market transactions?

    35:31 - Why inexperienced buyer’s agents should be treated like first home buyers

    37:48 - What are the crucial factors to consider when choosing a buyer's agent?

    40:19 - The importance of local market knowledge in property valuation

    42:50 - What's the true cost of being a buyer's agent?

    46:00 - The pitfalls of rose-colored glasses when it comes to property investment

    49:25 - Qualities to look for in a buyer's agent for an advantageous home purchase

    53:18 - Final words of advice for those in search of an effective buyer’s agent

    Resources:

    • Visit our website https://www.theelephantintheroom.com.au
    • If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au
    • Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
    • Work with Veronica: https://www.veronicamorgan.com.au
    • Looking for a Mortgage Broker? https://www.blusk.au
    • Work with Chris: hello@blusk.au

    Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

    • Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
    • Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
    • Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

    See omnystudio.com/listener for privacy information.

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    55 m
  • What Is Lenders Mortgage Insurance and How Does It Really Work?
    Jun 2 2024
    Are you curious about what Lenders Mortgage Insurance (LMI) is and how it actually works? Do you wonder if it's necessary and worth considering when purchasing a property, or do you think it's just an additional cost you can avoid? In this episode, we sit down with Strachan Taylor from Helia, Australia’s leading provider of LMI, to delve into the details. We aim to clarify how often claims are made and why, despite its additional cost, LMI can be a beneficial safeguard rather than something to avoid. By breaking down these aspects, we help you make better decisions about LMI in your home buying journey. Tune in to gain a comprehensive understanding of LMI and discover why it might just be the safety net you need. Episode Highlights: 00:00 - Introduction 01:01 - Who is Strachan Taylor? 01:33 - The history and evolution of Lenders Mortgage Insurance (LMI) in Australia 05:56 - Who else are the competitors of Helia in the LMI space? 06:27 - How has the federal government's 2019 first homebuyer guarantee impacted Helia? 08:43 - Could future regulatory changes potentially blindside your business operations? 10:06 - Do lenders evaluate the potential for property appreciation or depreciation? 12:14 - Is there industry-wide pressure for insurance companies to offer cheaper prices? 14:39 - Is the bank of relatives another competitor in the LMI space? 18:24 - The role and perception of LMI in the home buying process 21:29 - Strachan’s thoughts on new policies where banks are more willing to self-insure 24:19 - How are the LMI premiums calculated? 27:18 - What’s the riskiest type of property for first home buyers? 30:42 - Thoughts on Fintech, Proptech, and etc… 36:54 - Strategies and initiatives by Helia to address the housing affordability crisis 40:15 - How has Helia's share price evolved from its lows to its current levels? 43:30 - How does Helia view customer behaviour regarding home insurance and refinancing? 45:27 - Do borrowers continue paying LMI after refinancing their mortgages? 46:51 - Considering various options including reusing LMI benefits before refinancing 51:15 - Stop looking at LMI as just and additional cost 56:33 - Strachan Taylor’s property dumbo About Our Guest: Strachan Taylor serves as Helia's Strategic Partnership Leader, where he spearheads a dynamic partnership team dedicated to collaborating closely with lender customers in pursuit of helping more Australians achieve financial security through home ownership, expedited by LMI solutions. With a comprehensive skill set encompassing team leadership, communication, and business development, Strachan brings tertiary-level qualifications and extensive expertise in sales, marketing, distribution, and risk management to the helm, constantly striving to enhance risk and capital management solutions and provide valuable market insights for Helia's customers to bolster their risk-writing capabilities. Connect with Strachan Taylor: Visit their company website: https://helia.com.au/Follow Strachan on LinkedIn: https://www.linkedin.com/in/strachantaylor/ Resources: Visit our website https://www.theelephantintheroom.com.auIf you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking for a Mortgage Broker? https://www.blusk.auWork with Chris: hello@blusk.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.
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    1 h

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