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
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  • 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
  • The Next Decade in Property Demographics: Simon Kuestenmacher Explains

    The Next Decade in Property Demographics: Simon Kuestenmacher Explains
    Jul 21 2024
    Are you curious about how demographic changes will shape the property market in the coming decade? In this episode, we chat with Simon Kuestenmacher from The Demographic Group to dive into the evolving trends in wealth transfer and their impact on housing. Simon gives us some great insights into the demographic factors affecting today’s wealth transfer, exploring how predictable these shifts are and how major events like COVID-19 change market dynamics. We talk about how baby boomers handle inheritance differently based on their experiences and how this intergenerational wealth transfer impacts the property market over the next decade. We also touch on the broader economic effects of demographic trends, like their impact on interest rates and wage demands in a tight labor market. Simon shares his take on the government’s ambitious goal of creating 1.2 million dwellings in five years and how that’s going. Plus, we explore how elderly home preferences influence property challenges and the ongoing debate about different work arrangements in Australia. Join us for this engaging chat that unpacks the future of property demographics and gives you a solid understanding of the factors that shape the market in the years to come. Episode Highlights: 00:00 - Introduction 01:10 - Who is Simon Kuestenmacher? 02:09 - What are the demographic insights on today's wealth transfer and its predictability? 03:55 - Are demographic trends and major events like COVID-19 influencing market dynamics? 06:12 - Have baby boomers started giving inheritance sooner due to their own experiences? 15:45 - The impact of demographic trends on interest rates in Australia 18:32 - How does inflation influence wage demands when labor is scarce? 21:41 - How intergenerational wealth transfer is likely to impact the property market 26:40 - Current state & future trajectory of the debate surrounding different work arrangements 31:52 - How can Australia address the workforce shortage linked to its aging demographic? 39:31 - Simon's stand on the bold policies being implemented in New South Wales 46:10 - How is the government’s target of 1.2 million dwellings in 5 years tracking? 53:04 - What impact does elderly home preference have on property challenges? About Our Guest: Simon Kuestenmacher is a Co-Founder of The Demographics Group together with Bernard Salt. The group provides specialist advice on demographic, consumer, and social trends. Simon writes a weekly column for The New Daily and a monthly column for The Australian newspaper. He is a thought after media commentator on demographic matters. In his spare time Simon has authored three books on maps and runs what is by now the world’s largest Twitter account dedicated to maps and data. His social media posts reach over 25 million people every month. Simon ranks as one of the world’s top 10 influencers in data. Connect with Simon Kuestenmacher: LinkedIn: https://www.linkedin.com/in/simonkuestenmacher/Instagram https://www.instagram.com/simongerman600/Website https://www.tdgp.com.au/ 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 y 2 m
  • Could a Vendor's Advocate Be Your Real Estate Game-Changer?

    Could a Vendor's Advocate Be Your Real Estate Game-Changer?
    Jul 14 2024

    Have you ever wondered if there’s a need for vendor advocates or if it’s just another money grab by some players in the real estate industry?

    Vendor advocacy is a term you may not have heard before, but it’s a service that’s gaining popularity. A vendor’s advocate is an advisor engaged by a person selling their property to help them choose a selling agent to make the selling process easier. Think of them as an agent whisperer.

    In today's episode, we explore how vendors might benefit the most from engaging a vendor’s advocate and discuss the skills and experience these advocates should possess to ensure they’re qualified for the job. We also dive into the necessity of vendor advocates, weighing the genuine need against potential profit motives within the industry.

    If you’re considering selling your property, this episode is a must-listen to ensure you have the right support to achieve the best outcome. Tune in now and let’s get started!

    Episode Highlights:

    00:00 - Introduction

    01:41 - What is a vendor’s advocate and how do they work?

    09:09 - Do you pay a fee for the vendor’s advocate?

    16:32 - After selecting an agent, what else does a vendor’s advocate do?

    20:00 - What do vendor’s advocates deem as major deal breakers when looking for an agent?

    25:54 - Are there any potential drawbacks or challenges in picking a vendor’s advocate?

    29:10 - Real life story of how a vendor's advocate rescued a mismanaged property sale

    34:47 - Why should property buyers and sellers seek a trustworthy vendor's advocate?

    44:07 - Why is it important to seek professional advice when selling property?

    50:12 - Why should potential sellers reach out for vendor advisory advice?

    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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    53 m
  • Real Estate Under Scrutiny: John Minns’ Plan to Restore Integrity

    Real Estate Under Scrutiny: John Minns’ Plan to Restore Integrity
    Jul 7 2024
    How can integrity be restored in an industry often criticised for its ethical shortcomings? In this episode, we sit down with John Minns, the NSW Strata and Property Services Commissioner, to delve into the measures being taken by the Office of Fair Trading to regulate and improve the real estate sector’s reputation. With an industry plagued by issues ranging from underquoting by sales agents to property managers grappling with rental shortages, and strata managers caught in conflicts of interest, John Minns has a formidable task ahead. John shares his motivations for stepping into the commissioner role and the surprises he encounters along the way. He discusses how he balances managing immediate crises with long-term strategic planning and tackles significant resistance from various stakeholders, particularly focusing on the pervasive problem of underquoting. We also explore the potential opportunities he sees in the PropTech space and his updates on the Strata Hub system in New South Wales. The episode covers critical issues such as the licensing loophole allowing new buyer’s agents to practice in NSW via Queensland and the potential benefits of a national licensing system. John addresses frustrations and pricing tactics that often leave consumers disillusioned, sharing his vision for a more transparent and ethical real estate industry. Don’t miss his candid recounting of property blunders that offer a humorous yet insightful perspective on the challenges within the field. Episode Highlights: 00:00 - Introduction 01:23 - Who is John Minns? 02:29 - What is John’s motivation to make a difference as commissioner 04:10 - What surprised John most about the role? 07:12 - How John manages both short-term crises and long-term planning 08:57 - Among the key stakeholders, which group is the biggest resistance? 11:38 - Tackling the issue of underquoting 16:54 - John’s strategies for effecting change in a slow moving industry 25:03 - Does John see any real opportunities in the PropTech space? 29:19 - What are the plans for improving the Strata Hub system in New South Wales? 35:23 - What’s motivating the government to take action NOW? 38:17 - The issue of new buyer’s agents getting licensed in NSW via Queensland 44:51 - Would national licensing be a good thing? 47:50 - John Minns’ property dumbo #1 50:45 - Addressing frustrations and pricing tactics in property transactions 55:25 - John Minn’s property dumbo #2 About Our Guest: John Minns, a prominent figure in the Australian residential property sector for over 30 years, brings a wealth of experience to his role as Strata and Property Services Commissioner. His career spans diverse areas including residential sales, project marketing, property management, and franchising, alongside leadership in digital innovation and professional development. John is committed to enhancing consumer experience and protection by promoting transparency and accountability within the industry, advocating for innovation-driven opportunities to foster a trusted and empowered sector. Connect with John Minns: LinkedIn https://www.linkedin.com/in/john-minns-40386324/ 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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    59 m
Empresas y Profesiones Economía Finanzas Personales Política y Gobierno
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