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

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!

    Brett Evans | Expats, Covid, Property & Tax

    Brett Evans | Expats, Covid, Property & Tax

    Regardless of location, expats have had to adapt and deal with the effects of Covid.

    There’s been evidence of expats returning and re-occupying their properties, leading to a shortage of family homes on the rental market. We’ve also heard of people staying put because they’re reluctant to abandon a promising international career and settle for a lesser role in Australia. 

    Then there are those who want to return when they find the right job and are now actively looking to buy so they’ll have a home to come back to.

    Most local buyers get spooked by the last group, thinking that they have a lot more money to spend - but do they really? Well, it’s not that simple.

    You see, buying and selling property while you live overseas brings with it a range of financial - tax - implications.

    We’re speaking with Brett Evans, the Managing Director for the Europe, Middle East and African region (EMEA) and a Financial Planner with Atlas Wealth Management. We’ll cover a wide range of topics surrounding property, tax, and expat life amid Covid, and dig into some advice that will truly benefit those abroad or those planning to leave the country.

    See you in the episode!

     

    Episode Highlights:
    How has Covid affected the expats’ financial plans? [02:47]
    Are expats still willing to stay abroad despite the financial instability? [05:07]
    The perception that the government doesn’t care about expats [07:12]
    Taxation changes for expats [08:53]
    The impact of the main residence exemption [10:36]
    The unintended consequences of the changed tax policy [13:34]
    New qualifying tests to classify which rules apply to you [17:38]
    Where are expats moving around to? [22:28]
    What does it mean to be an AU tax resident but live in a different country? [24:58]
    Does the government double-dip? [28:17]
    What do expats need to be thinking of in regards to stamp duty? [34:23] 
    How the policy change is affecting Aussies’ decision to come home [39:23]
    Do non-residents have to pay more stamp duty than residents? [42:53] 
    Factors that affect where Aussies move to when coming back home [46:25]
    The biggest issue with working in Australia from afar [49:35]
    Advice for expats who want to buy property [54:32]
    The industry is adept at utilising buyers’ emotions [59:18]

     

    Links from the show:
    Visit Atlas Wealth
    Check out NEOM
    Read about the Saudi Crown Prince’s Vision for Neom on the WSJ


     

    About our Guest:

    Brett Evans is the founder and Managing Director for the EMEA region for Atlas Wealth Management which is the leading provider of financial advice to Australian expats. With over 24 years of experience in the finance and investments industry, Brett has worked for blue

    chip companies that include the Australian Stock Exchange (ASX), HSBC, Suncorp and Citigroup. Brett & Atlas Wealth Management have been nominated as a finalist (and have won) numerous domestic and international awards for their specialised advice to Australian expats.

     

    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/194

     

    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
    Simon Kuestenmacher | What Will the New Normal Look Like?

    Simon Kuestenmacher | What Will the New Normal Look Like?

    It’s no mystery that COVID has affected everyone in one way or another, and some effects will no doubt carry on even after the pandemic has passed.

    Knowing this, how different will life be when this blows over?

    What will the new normal look like?

    Today, Simon Kuestenmacher, Director of Research at the Demographics Group shares his insights into how the pandemic and lockdowns have changed Australia on a number of fronts. If you’ve heard the past episodes we’ve had with Simon, you know you’re in for a treat.

    We also talk about the changes in population, housing preferences, and consumer behaviour among a whole heap of other valuable topics!

    We’ll see you in the episode!

     

    Episode Highlights:
    Lockdown surprises and impact from a demographer’s point of view [01:49]
    The effect of COVID on boutiques and smaller operators [04:38]
    Is the flexible work from home setup here to stay? [09:00]
    Contentment (and discontentment) with working from home [17:00]
    Have HR regulations kept up with Integrators & Separators who work from home? [19:04]
    Chris’s ‘elephant in the room’: migration [22:02]
    Will there be higher or lower skill shortages in the coming future? [26:02]
    How are Australians coping in & out of the country? [29:31]
    The census this year was both a blessing and a curse [32:04]
    Why are people moving away to live outside the city? [35:40]
    Fertility rate and its effect on the property market [45:17]
    Balancing the demographics of a city with available housing stock [49:02]
    The increase in ‘early inheritance’ cases [51:21]
    Europe’s property market and their rental and home-owning expectations [54:10]
    Could the Australian property market move into a similar situation as Europe? [56:42]
    Simon’s property dumbo for this episode [59:35]
    Growth is the goal [01:01:10]

     

    Links from the show:
    Episode 40
    Episode 138



    About our Guest:

    Simon Kuestenmacher is the Director of Research at the Demographics Group. He has amassed 140,000 followers globally in just two years, who enjoy his insights and his quirky observational style. He is a columnist for The Australian on demographic trends and urban development.
    Visit Simon’s website: https://www.simonkuestenmacher.com/
    Check out The Demographics Group: https://www.tdgp.com.au/simon-kuestenmacher

     

    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/193

     

    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 5 min
    Martin North | A Contrarian Perspective on the Property Market

    Martin North | A Contrarian Perspective on the Property Market

    We’re living in such a crazy time.

    COVID is still rampant globally and has more or less affected most markets for better or worse. The property market has also been affected, but how much has it been really hit?

    Today we’re having a chat with Martin North because we want to get a contrarian perspective. We’ll be uncovering the dark underbelly of what’s driving this property market and seeking his perspective on these crazy times we live in.

    We talk about whether or not the government has run out of stimulus, what businesses have been hit by COVID, why properties actually CAN go down contrary to popular belief, and so much more.

    We’ll see you in the episode!

     

    Episode Highlights:
    Has the government run out of stimulus? [01:46]
    How sustainable is pumping stimulus at the lower end of the margin? [06:49]
    These businesses feel the impact of COVID more than others [11:21]
    Different markets behave differently [14:32]
    The unit market versus the rest [16:17]
    The current state of the high-rise property market [19:05]
    The continuous ‘supply’ of house and land packages [23:12]
    What’s with New Zealand possibly lifting their interest rates? [24:13]
    Property prices CAN go down [25:49]
    Some people are deceptive with how they talk about property & success [27:19]
    Thoughts on the responsible lending change [32:24]
    What can APRA do (and not do) about bank lending? [38:27]
    Is the property market too big to fail? [42:20]
    RBA: “Immigration is the cause of low price growth” [44:06]
    What’s the government’s strategy around opening the borders? [46:33]
    Will increasing interest rates be enough to slow down asset prices? [50:41]
    Martin’s property dumbo: a story about a granny flat [55:59]

     

    Links from the show:
    Episode 123
    Episode 143
    Episode 178



    About our Guest:

    Martin North is the founder of Digital Finance Analytics, a boutique research, analysis and consulting firm that specialises in offering insight into the dynamics of the mortgage, lending, savings, payments and superannuation sectors.
    Learn more about Martin’s new charity: Asbestos Awareness Australia

     

    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/192

    See omnystudio.com/listener for privacy information.

    • 1 hr 3 min
    Michelle Adair | The Growing Housing Affordability Crisis

    Michelle Adair | The Growing Housing Affordability Crisis

    Housing affordability is on everyone’s mind but what’s being done?

    In this episode, we welcome back Michelle Adair, CEO of The Housing Trust. The Housing Trust, which is the second-largest housing provider in the Illawarra, delivering subsidised rental homes to over 2000 people, with almost 1100 properties from Thirroul to Nowra. Michelle is at the forefront of the housing affordability crisis. Her professional and personal experiences will move you as she illustrates how deep this problem runs, and who has the ability to rectify it.

     

    Here’s what we cover:
    What’s wrong with the current housing policy?
    Is focusing on first home buyers an effective strategy?
    What is the role developers play in this crisis?
    What is the economic case for providing more social housing
    Is welfare enabling further social problems or remedying them?
    How to balance a growing and a stabilising market?
    Does the government want low housing prices?
    Who benefits the most from housing concessions?
    What role can investors play?

     

    RELEVANT EPISODES:

    Episode 104 | Build-To-Rent the new standard for renters | Adam Hirst

    Episode 81 | Will a crisis in confidence kill our apartment market? | Eliza Owen

    Episode 66 | What's causing Australia's housing affordability crisis? | Michele Adair

     

    GUEST LINKS:

    https://housingtrust.org.au/
    Housing: Taming the elephant in the economy [full report]
    Housing: Taming the elephant in the economy [4-page summary]
    https://www.canberratimes.com.au/story/7319955/governments-ignoring-holy-grail-of-affordable-rentals/

    https://www.smh.com.au/national/before-she-was-a-ceo-michele-and-her-kids-lost-everything-20210427-p57mqu.html

     

    HOST LINKS:

    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

     

    EPISODE TRANSCRIPT:
    Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…
    This episode was recorded in August 2021

    https://www.theelephantintheroom.com.au/podcasts/191

    See omnystudio.com/listener for privacy information.

    • 1 hr 1 min
    Rebeka Morgan | Flipping &Renovating Properties

    Rebeka Morgan | Flipping &Renovating Properties

    How do you flip properties and is it still profitable?

    • 1 hr 6 min
    Daniel Butkovich | Property Advice: Who do you Trust?

    Daniel Butkovich | Property Advice: Who do you Trust?

    With property ‘advice’ so readily available who do you trust?

    • 59 min

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