The Elephant in the Room Property Podcast | Australian real estate
The Elephant In The Room Property Podcast with Veronica Morgan & Chris Bates

Episodes

Episode 76 | Demographics, the study of who we are, where we live & what defines us | Mark McCrindle, Social Researcher

Demographics is a study of who we are, where we live, what defines us. The numbers tell a story. Demographer & futurist, Mark McCrindle is an award winning social researcher, bestselling author, and influential thought leader. 

Mark's shares his understanding of key social trends & we find out:

  • Are Gen Z & Alpha likely to own property in Sydney & Melbourne?

  • The unintended consequence of parents supporting kids & creating a financial dependance mindset.

  • Migration - why are we so hung up on the numbers?

  • Are our urban centers able to sustain population growth?

  • Key factors that boost infrastructure & our economy.

  • City planning & the importance of getting it right the first time!

  • Why developers need to listen up & start building for young families.

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Veronica Morgan
Episode 75 | Is Australia heading into a recession? | Warren Hogan, The Executive Connection & UTS Business School

What's happening to our economy & where are property prices headed?

Listen very carefully, in this episode you will hear all about the signs that show when a bubble is about to burst!

Warren Hogan, Industry Professor at UTS Business School & Chief Economic Advisor of The Executive Connection, shares:

  • Are we heading into a recession?

  • What are the big levers that impact the property market?

  • What impact does the property market have on the rest of our economy?

  • What is inflation & what makes it go up? 

  • What you need to know about debt & how to service it. 

  • New technologies & fast tracking, is it harming our ability to make good decisions?

  • What are the signs in a cycle that shows a bubble is about to burst!

It’s a great episode packed full of insights, we hope you enjoy it!

GUEST DETAILS:
Warren Hogan - LinkedIn

Work with Veronica? info@gooddeeds.com.au

Work with Chris? hello@wealthful.com.au

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Veronica Morgan
Episode 74 | Disruption, technology & trust in the Real Estate Industry | Veronica Morgan & Chris Bates

Will AI replace real estate agents & mortgage brokers?

  • Why trust is such an important factor in our property decisions.

  • Can AI manage you through the rollercoaster of a property purchase?

  • Is it possible for APPs to counsel us through highs & lows of key life changes

  • What will happen to our negotiation capability with AI?

  • Who is getting paid for what? Kick backs you need to know about!

  • Don’t assume technology or disruption to our industry is going to be a better solution.

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Veronica Morgan
Episode 73 | Why are so many equity investors bearish about property? | Roger Montgomery, Montgomery Investment Management

Roger is the Founder & Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment & financial market experience & he shares amazing insights on value investing.

Here’s a snapshot of what you’ll learn from listening:

  • How to identify the 3 phases to a boom in the market.

  • Why a focus on the calibre of any asset is so important.

  • How to apply the principles of value investing to a property purchase.

  • What happens to prices when population growth in Australia is underestimated.

  • Why access to credit & interest rates are the ultimate driver of asset price.

  • When you know what something is worth, you know when you are paying too much!

  • What is the impact on property prices with a slow down in construction?

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Veronica Morgan
Episode 72 | Does owning a house = happiness? | Dr Tim Sharp, The Happiness Institute

Dr Timothy Sharp, otherwise known as Dr Happy, has spent decades studying psychology, lecturing & researching aspects of human behavior & emotion. He explains how emotions are entwined in everything we do. We learn that the way we think about things affects how we feel & behave, plus:

  • Why humans are less rational than we think.

  • Why it’s so hard to keep emotion out of property investment.

  • How planning ahead minimises implications of a property purchase.

  • Social & emotional intelligence & why it is so important.

  • Genetic & biological disposition to happiness, what can you control?

  • Minimalism, when it comes to property - do you really need it & will it add value to your life?

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Veronica Morgan
Episode 71 | Life changing decisions mislead by data | Kent Lardner, Suburb Trends

When it comes to property, people rely on a single source of data that is rarely interrogated and often misleading. Kent Lardner joins us for a second time and guides us through the murky waters and statistical importance of data.

  • Why looking at more than one metric gives you a broader, wider picture of a marketplace.

  • Lenders Mortgage Insurance - is it a good thing for the property market?

  • Free online AVM’s & the dangers of misleading information.

  • How to understand the limitations of data & why you need to dig deep to understand it.

This is a great episode full of insider knowledge!

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Veronica Morgan
Episode 70 | Sustainable housing, urban development & climate change issues needing action | Sara Wilkinson, UTS

Australia's first female Professor of Property, Sara Wilkinson, UTS explains sustainability, urban development and the importance of using resources that are local, renewable & energy efficient.  Plus we cover:

  • Overcoming the idea families need to live on ¼ acre block

  • Retrofitting existing properties to make them energy efficient

  • How under occupied properties could solve our affordable housing crisis.

  • How green roofs can protect your property from solar degradation

  • The benefit of aerofarms with 24hr sunshine

  • Why we have aprox 11 years to take sufficient action to stop irreversible climate change.

  • The urban heat island, city centres are often 5° hotter & ideas to cool them down

  • Why the government is urging construction to house us all.

This is an informative episode for anyone who cares about our planet’s future!

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Veronica Morgan
Episode 69 | Shares or property, which one will make you the most money? | Scott Phillips, Motley Fool Australia

Chief Investment Officer of Motley Fool Australia, Scott Phillips, explains how the share market can offer a viable option for first home buyers to save up their deposit faster.

Let’s look at this idea and some other alternatives:

  • Are there different investments for would-be property investors to consider when they can't borrow enough money to buy an investment-grade property?

  • What is the cost of a lemon in your share portfolio?

  • What are the compound eroding effects of fees?

  • Why you need to pre-commit to save & make a habit of it.

  • How behavioural biases cost you way more than you think!

This is an eye opener of an episode and we uncover so much gold, so stick around until the end.

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Veronica Morgan
Episode 68 | How bad can things go with buying strata property | Karen Stiles, Owners Corporation Network of Australia Ltd

Karen Stiles shares her first hand knowledge of strata ownership & her horror story of buying off the plan. Karen is now Executive Officer of Owners Corporation Network & she shares brilliant insights into the hidden world of all things strata. She is extremely passionate about justice in the property world.

Here’s a few of the eye opening topics we covered:

  • How everyone besides the owners know about building defects.

  • What a variation allowance is for builders?

  • How By-Laws can change on a whim & in seconds.

  • Why you need a property lawyer over a standard conveyancer.

  • How bad can defects be & why owners hide them.

  • What is a Build & Design approach ?

  • Got defects, sign this confidentiality agreement  

  • How the there is no justice in the legal system.

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Chris Bates
Episode 67 | Why consumers want more transparency from real estate agents | Kylie Walsh, Di Jones General Manager

Kylie Walsh is General Manager of Di Jones Real Estate and a licensed real estate agent. Last November, Kylie was awarded AREA’s most influential woman in real estate. Kylie has over 24 years experience and over that time she's held a variety of roles that have taken her from the beach to the bush and back to the city in positions of increasing responsibility. She's worked in management roles for Australia's major franchise groups and along the way has won numerous industry awards for sales, property management and leadership. She's also served a term on the REI New South Wales Board.

You’ll be surprised at what we unearthed in this episode. Here’s a snapshot:

  • Technology & how it's changing the way that consumers can get more transparency from real estate agents.

  • Should school catchments drive our purchasing decisions?

  • Why passive buyers will often pay a premium.

  • How to become an influencer, no matter what role you have.

  • Why it’s important to support those with a minority voice.

  • The differences that men & women bring to the table when negotiating, does this even matter to property buyers?

  • And finally, are women really better real estate agents?

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Veronica Morgan
Episode 66 | What's causing Australia's housing affordability crisis? | Michele Adair, CEO Housing Trust

Is it everybody’s right to have a roof over their head?

Michele Adair, CEO of Housing Trust, joins us and explains how her organization builds and manages affordable housing for people on a very low to moderate income.

We're going to find out the difference between social housing and affordable housing. Michele highlights some important factors affecting household affordability.  It’s not just about first home buyers wanting to get onto the ladder. So what are the gaps in the system?

Here’s some of what we covered:

  • What are alternative models for property investment and will they provide more affordable housing?

  • Why households spending 30% or more of total household income, in rent, or in mortgage repayments, are in housing stress.

  • What happens when life throws a curved ball & you can’t afford a roof over your head. How much ‘buffer’ do you need?

  • Can good urban design & planning eliminate social problems?

  • Why everyone deserves a decent home & why it’s Housing Trust’s vision.

It’s an insightful episode, we hope you enjoy listening.

Guest Website:

Housing Trust

Get in touch:

Work with Veronica? info@gooddeeds.com.au
Work with Chris? hello@wealthful.com.au

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Veronica Morgan
Episode 65 | What you need to know BEFORE you buy in a flood zone | Charles Wiggett, Hauss Realty

We interviewed Charles Wiggett Principal of Hauss Realty a boutique agency based in the Brisbane riverside suburb of Graceville. Charles prides himself on good old fashioned service, local knowledge and client care.

Here’s a snapshot of the insider knowledge he shared:

  • Flood zone risks - why doing your due diligence matters!

  • Supply & scarcity - what that means for capital growth.

  • What maintenance issues you must consider before buying a “Queenslander”.

  • The oversupply of apartments in Brisbane and the impact on investors.

  • What’s happening to prices after the Banking Royal Commission.

We hope you enjoy this episode - it’s an interesting one!

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Veronica Morgan
Epidode 64 | Inside intel on what’s happening in Sydney’s blue chip suburbs | Peter Gordon, Cobden & Hayson

We pick the brains of Peter Gordon, one of Balmain’s most active sales agents, ranked in the top 100 agents nationally for the last four years. Peter has been with Cobden & Hayson since it launched in 2005, and has experienced both hot and cold market conditions over the years.

Here’s a snapshot of what we discussed:

  • Why “A” grade properties continue to sell well in Blue Chip suburbs, despite market conditions.

  • Why letting a sales agent bid for you at auction is likely to cost you a lot more.

  • What things buyers are getting picky on now vs in a ‘hot’ market.

  • What happens to a property when an agent ‘buys’ a listing.

  • How elite agents operate & earn the trust of vendors.

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Veronica Morgan
Episode 63 | Jonathan Russel & John Roydhouse | What will it take to make our apartment buildings safe?

In this episode, we're going to address one of the biggest elephants in the room so far in this podcast. In Australia, engineers don't have to be registered!

We talk to two experts, John Roydhouse, CEO of the Institute of Public Works Engineering Australasia NSW and Jonathan Russell, Engineers Australia.

Here’s some of what we covered:

  • Is the build quality and safety of newly constructed housing up to scratch?

  • Why the financial well being of apartment owners can be at risk.

  • What’s the downside of an infrastructure and building boom coupled with hurried design, approval, construction and compliance processes?

  • Data that points to 7 out of 10 new residential buildings having defects!

  • How Opal Tower, Lacrosse Tower or the London Grenfell Tower tragedy might have been prevented.

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Veronica Morgan
Episode 62 | How to reduce running costs of your property & increase its value | Cecille Weldon, Liveability

The 17 Liveability features that will benefit owners, investors & tenants

We picked the brains of Cecille Weldon. Cecille is responsible for the creation and development of the Banksia Award-winning Liveability Real Estate Framework.

Now owned and backed by the CSIRO, this new way of marketing property introduces 17 new property features into the real estate transaction. These are liveability features which cover passive building design, energy and water efficiency and renewables.

The liveability mandate is to create your best home: healthy, efficient, comfortable and connected to your local community.

Here’s a snapshot of what we discussed:

  • 17 liveability features of a property & why they matter for homeowners & tenants

  • How to reduce your property’s running costs & increase comfort

  • Why fixing liveability of your property will give you more disposable income

  • Why it’s not just about comfort of living, it can increase the value of your property.

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Veronica Morgan
Episode 61 | Fool or Forecaster Special | Who should we believe?

In this episode we are doing something a little bit different.

To celebrate April Fools Day, we have produced a special report on the big failed property bets, what forecasters got wrong in 2018 and who is brave enough to predict what’s to come in 2019 & 2020.

You’ll hear why it is impossible to predict the future and whether Veronica is really a Perma-Bull as some have accused her of being.

It seems that we are our own worst enemy, as our obsession with property means we are always thirsty to hear the latest forecast, even when we know full well that it is nonsense!

We hope you enjoy this episode and we promise it’s the first of many - we’ll be watching and listening for the 2019 forecasts and we’ll be bringing you the dirt on them next year!

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Chris Bates
Episode 60 | Are property investors paying more tax than they need to? | Mike Mortlock, MCG Quantity Surveyors

Depreciation schedule lowdown & how to maximise your investment return.

In this episode, we pick the brains of Mike Mortlock. Mike is the managing director of MCG Quantity Surveyors which was recently recognized as Australia's fastest growing quantity surveying firm by the Australian Financial Review Fast 100. MCG was the first quantity surveying firm to publish real data on the average deductions for property investors.

We had a very revealing chat with Mike about:

  • Tiny details investors need to understand that trigger paying more tax.

  • Why, if you purchase a property off the plan, it's worthwhile getting a building compliance inspection to identify defects.

  • How data on units sold off the plan, in a number of capital cities, is proving they are not great candidates for capital growth.

  • Why we need to be very skeptical of media spruikers and take time on due diligence, especially given 38% of investors buy new property!

  • Why housing affordability is going to be a national concern because rental yields have been increasing.

  • How good advice from an accountant who understands property , an investment savvy broker, a strategic financial planner and a good conveyancer will save you in the long term.

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Veronica Morgan
Episode 59 | Your money mindset & how it affects your property decisions | Suzy Jacobs, Finesque

In this episode, we pick the brains of Suzy Jacobs, a fabulously outspoken and honest pioneer in women lead business networks. Suzy founded SheBusiness and has lead thousands to business success. She sold SheBusiness and launched Finesque in 2016 to demystify financial language and create opportunities for individuals to grow their financial independence and security. We discover:

  • How your beliefs about money have long term effects on your financial future.

  • Is it ok to hand responsibility of financial decisions over to a third party?

  • How unconscious beliefs drive our decision making when it comes to property.

  • Why we need to slow down & be accountable property investors.

  • Transitional thinking & why it makes a big difference.

This episode will really make you rethink where your financial future is headed.

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Veronica Morgan
Episode 58 | The problem with property data & knowing who to believe | Nerida Conisbee, REA Group

Suburb hotspotting, quarterly property outlook reports & what data to be wary of.

Nerida Conisbee is Chief Economist for the REA Group, which incorporates websites www.realestate.com.au & www.realcommercial.com.au, amongst others. Nerida has more than 20 years of property research experience & appears every fortnight on ABC News Breakfast, every Tuesday on Your Money, & she writes a fortnightly column for The Australian. She updates major government bodies on market conditions & here’s what she shared with us:

  • What is data & how can it affect property prices.

  • What suburbs perform best & the types of suburbs that people are most highly engaged in.

  • Top ten suburb lists & hots spotting - the dangers of data.

  • Auction clearance rates, median price & how the data can be manipulated.

  • Not all data is what it seems, there is some data to be wary of.

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Veronica Morgan
Episode 57 | Listener Q & A | Veronica Morgan & Chris Bates

Inner city V outer suburbs | Builders going AWOL | Pushy financial planners | Alternative forms of property investment.

In this episode, we are going to answer some interesting listener questions. We cover a fair bit of ground, however, here are the highlights:

  • Should you be investing in the outskirts, or investing in the inner rings of the capital cities?

  • What happens if the builder runs away with your money, during a renovation.

  • What to do if your financial planner becomes a little bit too pushy & recommends property to get paid a commission.

  • Real Estate Investment Trusts & whether they're a good idea for you to invest in.

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Veronica Morgan