100 episodes

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

The Elephant In The Room Property Podcast | Inside Australian Real Estate Veronica Morgan & Chris Bates

    • Business
    • 4.6 • 274 Ratings

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!

    What Are the Top Streets in the Suburb? | Kent Lardner, Suburb Help

    What Are the Top Streets in the Suburb? | Kent Lardner, Suburb Help

    Suburb Help is back and in today’s episode, we talk about the top ranked streets in the suburb!

    Whether you’re a prospective buyer or a home-owner thinking of selling, knowing the street’s value range can help you make informed decisions about your property investment. 

    Our resident data geek Kent Lardner has got you covered with his latest report on the top streets in the suburb for yield. 

    We look at both the best and worst streets in five suburbs–Newport, Newtown, New Lambton, Balmain, and Coogee. Aside from the methodology of Kent’s analysis, we also discuss its limitations and how human behaviour comes into play. 

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    Top Streets Report: the methodology and limitations [01:04]
    The best streets’ turnover rates [04:33]
    Compositional bias in the suburb [10:52]
    The problem with machine learning in inventory forecasts [15:10]
    The value of the human element [19:13]
    Newport: The best and worst streets [22:19]
    Suburb report on Newtown [32:31]
    Understanding the zoning in New Lambton [39:04]
    Balmain: The best and worst streets [44:29]
    The challenge with investing in Coogee [50:55]
    Where to download the Top Streets report [50:26]

     

    About our Guest:

    Kent Lardner is a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China.

     

    Links from the show:


    Suburb Help (www.suburbhelp.com)
    Suburb Trends www.suburbtrends.com.au

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/247

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 57 min
    How Do Bank Economists Make Property Forecasts? | Felicity Emmett, ANZ

    How Do Bank Economists Make Property Forecasts? | Felicity Emmett, ANZ

    Although rarely proven to come true, predictions by big banks are not merely speculative, but forecasts backed up by research and data…

    But how exactly do bank economists come up with these property forecasts?

    Felicity Emmett, Senior Economist at ANZ, joins us today to reveal the process big banks use to create housing market predictions based on the Australian economy… What data and key inputs do bank economists use for forecasting and analysis? 

    We also discuss the impact of property market forecasting on consumer confidence, the relationship between inflation and interest rates, and the current housing affordability crisis. 

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    Why do big banks create property forecasts? [01:39]
    Challenges bank economists encounter with forecasting [03:46]
    Inputs into the forecasting process for the housing market [07:01]
    The impact on house prices on consumer confidence [13:35]
    The relationship between inflation and interest rates [19:29]
    Consumer confidence in the property market [24:17]
    The effect of capacity constraints in the economy [28:24]
    Why it’s important to keep inflation down [32:30]
    The current housing affordability crisis [34:20]
    The effects of regulatory changes [38:42]
    Who is the vulnerable sector in a possible recession? [44:00]
    Stimulus measures to stabilize prices [48:08]
    Why makes forecasting difficult to achieve accuracy? [50:36]

     

    About our Guest:

    Felicity Emmett is Senior Economist in the Australian Economic team at ANZ. With more than 20 years of experience as an economist in financial markets, Felicity is responsible for analysis and forecasting of key Australian macroeconomic indicators, as well as thematic research on the Australian economy. She also provides specialist analysis on topical issues, including the housing sector and the policy outlook.

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/246

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 1 hr 1 min
    Your Role in Urban Planning: The Art of Placemaking | Kylie Legge, Place Score

    Your Role in Urban Planning: The Art of Placemaking | Kylie Legge, Place Score

    When you’re looking for the “perfect” house, you also factor in the neighborhood it belongs to—the living environment, the people, the amenities…

    Your relationship with your urban environment significantly affects your life.

    …So what can you do to help contribute to creating a sense of community in these shared spaces?

    Kylie Legge, the founder and CEO of placemaking consultancy Place Partners and innovative data insights company Place Score, joins us today to discuss the role of the community in urban planning and design. 

    We talk about the diversity of communities and their needs, placemaking as a collaborative process, the role of smart cities in improving society, and whether urban renewal is the right approach going forward.

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    How community builds the community [02:03]
    What is placemaking? [04:32]
    Densifying neighborhoods as an opportunity [13:20]
    Building an ideal neighborhood [16:18]
    The role of councilors in urban planning [22:31]
    Making your own environment more livable  [26:47]
    Building Place Score’s credibility [33:15]
    Kylie Legge’s journey into placemaking as a field of work [39:22]
    Exploring the diverse cultures of different communities [44:56]
    Managing rate increases to increase livability [48:41]
    Place Score’s 2022 Liveability Census [54:44]

     

    About our Guest:

    Kylie Legge is the founder and CEO of placemaking consultancy Place Partners and innovative data insights company Place Score. She is passionate about fostering the connection between people and their urban environments and finding better ways to work together in improving shared spaces.

     

    Links from the show:


    Place Score https://placescore.org/elephant 

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/245

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 1 hr 3 min
    Who Bears the Brunt of Australia's Housing Problem? | Michele Adair, Housing Trust

    Who Bears the Brunt of Australia's Housing Problem? | Michele Adair, Housing Trust

    Due to rising property prices, rent hikes, plummeting vacancy rates, many Aussies are now at risk of being homeless.

    Homeowners and investors may think they're immune, but are we really safe from the ripple effect?

    Michele Adair, CEO of Housing Trust, joins us today to discuss the worsening housing affordability crisis... What long-term impact does this issue have on our society and how will this affect our lives–regardless if you’re a homeowner?

    We also look into the pressure of rising rent on lower income households, the current situation in the Illawarra, COVID-19’s impact on homelessness as well as its correlation to our current labour crisis. 

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    The real situation in the Illawarra [02:07]
    How has the profile of people facing homelessness changed? [07:44]
    The effect of rising interest rates on investors [09:43]
    Finding a win-win solution to the housing crisis [17:39]
    The role of community housing providers [20:34]
    Why has the government failed to address the housing problem? [24:55]
    How can the build to rent sector alleviate the housing crisis? [34:03]
    The need for change in social attitudes [42:32]
    The REAL cost of the housing affordability crisis [44:31]
     What role do councilors play? [51:16]

     

    About our Guest:

    Michele Adair is the CEO of Housing Trust, an organization that builds and manages affordable rental housing for people on very low to moderate incomes. Michele has Master’s degrees in Management and in Public Advocacy & Action, and is a Graduate of the Australian Institute of Company Directors. She was also recognised as the Outstanding Business Leader in the 2021 Business Illawarra awards.

     

    Links from the show:


    The Elephant in the Room | Episode 66 https://www.theelephantintheroom.com.au/podcasts/066
    The Elephant in the Room | Episode 191
    https://www.theelephantintheroom.com.au/podcasts/191
    Housing Trust (https://www.housingtrust.org.au/)
    Power Housing (https://www.powerhousingaustralia.com.au/about-us/)
    Community Housing Industry Association (https://www.communityhousing.com.au/)
    CHIA NSW (https://communityhousing.org.au/)
    CHIA Vic (https://chiavic.com.au/)
    CHIA Queensland (https://www.communityhousing.com.au/chia-queensland/)

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/244

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 1 hr 1 min
    What Economists Aren’t Telling Us About the Property Market | Steve Keen, Economist

    What Economists Aren’t Telling Us About the Property Market | Steve Keen, Economist

    With interest rates, mortgage debt, and housing prices rapidly surging, many Australians wonder whether and when the bubble is going to burst…

    The question is: how can property remain affordable without causing a price crash, especially when two-thirds of the population are owner occupiers?

    Known critic of modern economic theory Steve Keen joins us today to reveal everything mainstream economists get wrong about the property industry. He shares his insights on the possibility of a property crash and how first-home owners might be vulnerable.

    We also discuss the rising level of household debt, what it can ultimately result in and how the government can intervene.

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    What Economics professors get wrong [02:36]
    The determinant of change in property prices [06:16]
    On measuring household debt [09:01]
    Why first-home buyers are vulnerable to rising debt [14:09]
    What can trigger a price crash, aside from a debt crisis? [18:50]
    How the government can stimulate property demand [20:27]
    Getting inflation under control [23:56]
    The possibility of a property crash in Australia? [28:45]
    Steve’s Senate election pitch: money creation [32:59]
    The need for a modern debt jubilee [35:37]
    The current state of consumer confidence [38:14]
    The issue with government debt [40:44]
    Sustainable long-term solutions to housing [53:54]
    The economic impact of climate change [57:34]

     

    About our Guest:

    Steve Keen is a heterodox economist and an author. His two most famous books, Debunking Economics and The New Economics, are both critiques of modern economic theory that discuss debt deflation and financial instability. Dr. Keen was a professor at the University of Western Sydney and Kingston University in London. Now, he is leading the development of Minsky, a software platform for visually modeling national economies. 

     

    Links from the show:


    Steve Keen TNL Housing Policy: https://bit.ly/3PvH1dn 
    House prices to fall 40%. Prof Keen says RBA is 'brain dead': https://bit.ly/3T4JHBY 
    Steve Keen's Debtwatch: https://bit.ly/3QS7gvz 
    Steve Keen’s Profile: https://www.keenforthesenate.com/ 

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/243

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 1 hr 9 min
    Could AI Ever Replace Real Estate Agents? | Sean Scoffield, The Trusted Agent Podcast

    Could AI Ever Replace Real Estate Agents? | Sean Scoffield, The Trusted Agent Podcast

    What is a “trusted agent”? …And do they even exist in this age of readily accessible information? 

    Sean Scoffield, the host of The Trusted Agent Podcast and the National Sales Manager of RESO – a digital real estate sales platform – joins us today to talk about the evolving role of real estate agents… Are they getting better or worse? 

    We discuss the factors that make a real estate agent “trustworthy”, how AI does some things better than agents, buyers’ perceptions of agents, and whether or not agents are becoming obsolete. 

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    Identifying a ‘trusted’ real estate agent [04:14]
    Agents’ edge against technology [07:19]
    Understanding the role of real estate agents [13:20]
    Why buyers don’t trust real estate agents [17:53]
    The problem with untrusting buyers [19:06]
    How AI provides buyers with transparent offers [22:47]
    Transparency isn’t always a good thing [28:44]
    Are people missing out on a good market? [34:45]
    5 signs of an agent you can trust [39:04]
    How agents can beat the rise of AI in real estate [44:48]
    Sean’s property Dumbo [46:23]
    Avoiding settlement risks [50:26]

     

    About our Guest:

    Sean Scoffield is the host of The Trusted Agent Podcast. He is also a Business Consultant, currently working with Real Estate Principals, Sales Agents and Property Managers helping them form stronger connections with their Team, their Clients and their overall Mission & Purpose.

     

    Links from the show:


    The Trusted Agent Podcast (https://apple.co/3vWPU8T)
    Reso Website (https://reso.com.au/) 

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/242

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 55 min

Customer Reviews

4.6 out of 5
274 Ratings

274 Ratings

Lovewordgames2 ,

Brilliant podcast but please mute the notifications

Jam packed info and no talking over each other it’s easy to listen to
But please mute the notifications they’re so distracting!

crazykiwidave ,

Insightful podcasts on a range of topics

I am a regular listener as I like the wide range of topics and subject matter experts they interview. Veronica and Chris’ experience in the industry shines through. They are open to alternate viewpoints and are pretty honest about their views. I have learnt a lot through these podcasts.

dzzmzz ,

Please stop interrupting the guests.

I really want to like this podcast. The subject matter and the guests are often really interesting. But the hosting is incredibly lacklustre. I’ve listened to a few episodes now and I find the hosts unwilling to let the guests talk and simply talk over the top of them. Frequently, they’ll ask a question and won’t let the guest answer in full and simply ask another question mid way through their guests responses. The Steve Keen episode was particularly aggravating, but I’ve found this trend in a number of episodes (e.g the Cameron Murray one). The male host is particularly at fault here, while I find Veronica a bit more willing to let the interview breathe.

I realise that you’re going to have guests who fundamentally dislike property for whatever reason (e.g Steve Keen) but please stop interrupting them - it’s very annoying to the listener and makes for a poor audio experience. Wait til they finish their answer and then respond - just quite talking over the top of them.

You Might Also Like

Stuart Wemyss
Bryce Holdaway & Ben Kingsley
Momentum Media
Michael Yardney; Australia's authority in wealth creation through property
SYMO interactive
Rask