Dodgy Deals, Red Flags & Buyer’s Agent Dilemmas—Your Property Questions Answered!

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

#Trading #Financialadvice #Investing #Property #Propertyinvestment #Realestate #Chris Bates #Veronica Morgan #Real Estate #Business #Industries #Business News #News #Australia

24:42

Episode Notes [01:14] Unexpected Email from Employer [05:49] The Deferred Resignation Program [06:34] Initial Reactions and Concerns [08:01] Evaluating the Offer [08:21] Enhanced Standards of Conduct [08:55] Personal Reflections and Concerns [12:21] Seeking Advice and Making a Decision [13:01] Option One: Do Not Resign [14:56] Option Two: Resign [16:44] Insights from Conversations [21:30] Making The Decision [23:51] Final Thoughts and Gratitude Resources Mentioned Sebastian Junger The Soul of Shame by Curt Thompson Donald Trump Elon Musk Steve Bannon Russell Vought Derek Sivers Sumner Crenshaw Brian Fretwell at Finding Good Chad Littlefield The Thought Leaders Practice by Matt Church Simon Cowell Beauty Pill Producer Ben Ford Questions Asked Is it legitimate, and can it be trusted? How are you feeling? What questions come to your mind? Where does your mind go? Are you seeking safety? Would this have been an adrenaline rush as you raced to send the resignation response? What an "enhanced standard" regarding loyalty and trustworthiness was? What are these new "enhanced standards?" Are they beyond what my Constitutional oath requires? If I don't resign, how bright will the target on my back glow? My leadership has supported all my work, but would termination direction come from higher up the chain of command? What would you recommend if we talked over coffee? What questions would you ask? How would you use listening? How would you use silence? How is this scenario playing out in your mind and body? What is coming to the surface for you? How might that influence what you are about to say to me? What are the chances of my name popping on a list and getting fired? How about the chances of being part of an official Reduction in Force and early retirement? Would the administration make a better offer? What do I know about the pending job market? What did I expect the workplace to be like and did I want to be there as the contractions took place? Will the administration pay me through the end of September or will they renege? Can I sufficiently build the Curated Questions business to transition by 1 October? - Do I have the faith or confidence to step into this future as a sole practitioner and grow Curated Questions into all I envisioned? Was this purpose calling? What would I expect the job market to look like at the end of summer if I hadn't developed the income streams to maintain our lifestyle? What is your recommendation? Did it change from your initial recommendation? Where in your body are you feeling the uncertainty? Are you processing this scenario in parallel with your decision as if you had received the email? What additional questions should I have considered? Who else should I have consulted with? How would you have changed my risk rating? What is the correct length of the pregnant pause before making an important announcement? What processes would you use in my circumstance, and what would be different? What questions are at the top of your list to get to a decision? Who would be the members of your pantheon you would counsel with to gain clarity? Apart from the heady analysis, what other key practices would you include in your journey through a similar situation?…

21 days ago 55:48

MP3•Episode home

We also dig into what happens when you start losing confidence in your buyer’s agent. Do you keep going, or do you cut your losses and walk away? And what if you suspect you’ve got some dud properties in your portfolio—should you hold, or is it time to sell and reinvest in something better?

These are the kinds of questions that can make or break a property decision, and we’re unpacking them all in this episode. If you’ve ever second-guessed a purchase (or a buyer’s agent!), this one’s for you.

Episode Highlights:

00:00 - Introduction

01:08 - Should I buy a house near a mobile phone tower?

12:46 - How can a buyer manage negotiations with a private seller?

20:40 - How should a buyer present an offer?

28:03 - Is it a red flag if a property has changed hands every five years?

33:55 - What should you do if you realise your investment properties aren’t A-grade, even though they were bought with the help of buyer’s agents?

43:10 - What to do if you’re losing confidence in your buyer’s agent—keep going or walk away?

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.alcove.au
Work with Chris: chrisbates@alcove.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.

391 episodes

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

Dodgy Deals, Red Flags & Buyer’s Agent Dilemmas—Your Property Questions Answered!

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

78 subscribers

published 21 days ago

MP3•Episode home

Episode Highlights:

00:00 - Introduction

01:08 - Should I buy a house near a mobile phone tower?

12:46 - How can a buyer manage negotiations with a private seller?

20:40 - How should a buyer present an offer?

28:03 - Is it a red flag if a property has changed hands every five years?

33:55 - What should you do if you realise your investment properties aren’t A-grade, even though they were bought with the help of buyer’s agents?

43:10 - What to do if you’re losing confidence in your buyer’s agent—keep going or walk away?

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.alcove.au
Work with Chris: chrisbates@alcove.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.

391 episodes

#Trading #Financialadvice #Investing #Property #Propertyinvestment #Realestate #Chris Bates #Veronica Morgan #Real Estate #Business #Industries #Business News #News #Australia

Minden epizód

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

1
Has Melbourne’s Market Shifted for Good—Or Is This Just a Blip? Cate Bakos Explains 54:39

3 hours ago54:39

54:39

Melbourne’s property market has been through a lot lately — ups, downs, and now a bit of a bounce. Is this a genuine turnaround, or just a brief shift before more challenges arise? In this episode, we chat with Cate Bakos, a seasoned Melbourne property market specialist who knows the city’s market dynamics better than most. Cate shares what she’s seeing at the coalface — from interstate investors jumping in to locals cautiously testing the waters. We dig into the impact of Melbourne’s massive infrastructure projects, the aftermath of the city’s harsh lockdowns, and why sentiment can sometimes outweigh the raw data. Cate also touches on the challenges investors are facing, like rising land taxes and stricter rental regulations. It’s a complicated picture, and there’s a lot to consider. If you’ve been curious about whether Melbourne’s market has truly found its feet or if this is just a momentary shift, you should listen to this episode. Join us as we unpack what’s really happening on the ground, the signals that may hint at a lasting change, and the realities buyers, sellers, and investors need to navigate. Episode Highlights: 00:00 - Introduction 01:05 - Who is Cate Bakos? 02:39 - What’s driving the surge in buyer activity across Melbourne? 09:29 - Has Melbourne’s mojo returned post-COVID? 13:57 - Is the recent investor interest in Melbourne based on solid data—or just market bias? 17:05 - Cate weighs in on the narrative around high listing volumes in Melbourne 21:01 - What does Victoria’s $1 million daily interest bill mean for property? 26:42 - Buyer preferences are shifting again—are we back to wanting proximity over space? 31:20 - Do younger buyers still prefer the same suburbs and homes as older generations? 34:35 - Why some Melbourne apartments are struggling while others hold strong 38:10 - Has land tax made buyers think twice about purchasing a holiday home? 40:34 - What’s driving Melbourne’s tight rental market and rising yields? 45:38 - Are interstate investors replacing locals who’ve sold out of Melbourne? 46:23 - Cate explains who benefits most from Victoria’s Shared Equity scheme 49:41 - What will it take for upgraders and downsizers to re-enter the market? 51:11 - Cate Bakos’ property dumbo About Our Guest: Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne’s Bayside property market, later founding Cate Bakos Property in 2014. Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cashflow analysis. A regular media commentator, Cate co-hosts “The Property Trio” podcast and authored “Successful Property Investment.” She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals. Connect with Cate Bakos: Website https://www.catebakos.com.au/ LinkedIn https://www.linkedin.com/in/catherinebakos/ Instagram https://www.instagram.com/cate_bakos_property/ 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.alcove.au Work with Chris: chrisbates@alcove.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.…

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

1
The Hard Truth About Due Diligence: If You’re Not Doing This, You’re at Risk 57:13

7 days ago57:13

57:13

When it comes to buying property, many people think due diligence is just checking if the house looks nice or if the price feels right. But the reality is, it runs way deeper than that. In this episode, we take you through our 109-point due diligence checklist—yes, 109 points—and share what really goes into properly evaluating a property. We dig into why so many buyers, and even some buyers’ agents, miss crucial details that can lead to expensive regrets. From spotting dodgy renovations and unapproved works to reading contracts carefully, we show that it’s not just about ticking boxes—it’s about genuinely understanding the risks and avoiding mistakes that could haunt you later. If you think you can skip a few steps and still be fine, think again. We share real-world examples of how people have been burned by “hot market blindness” and the dangers of rushing through due diligence. Our goal is to help you buy with your eyes wide open, so you’re not left asking, “Why didn’t anyone tell me that?” down the track. Episode Highlights: 00:00 - Introduction 02:07 - How to approach a property inspection when buyers are rushing from viewing to viewing 04:54 - Dealing with deal breakers even when the client loves the property 08:50 - Why Veronica insists on multiple property visits and internal collaboration 10:40 - Veronica explains when and how pricing considerations come into play 13:28 - Uncovering overlooked details in vendor disclosure documents 16:44 - Veronica breaks down the risks associated with unapproved modifications 18:09 - Getting client buy-in before diving deeper into due diligence 21:18 - Diving deep into legal due diligence 23:43 - Why due diligence for strata properties demands extra attention 34:33 - How Veronica manages pricing expectations while dealing with agents 45:37 - The importance of building and pest inspections — choosing the right inspectors 48:30 - How to approach properties with slim chances of success but significant potential 53:23 - Additional points from Veronica 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.alcove.au Work with Chris: chrisbates@alcove.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.…

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

1
Are We Ignoring the True Forces Behind Property Prices? with Simon Pressley 1:07:43

14 days ago1:07:43

1:07:43

We hear it all the time—population growth drives property prices. But is that actually true, or just one of the many myths that get thrown around in real estate? In this episode, we sit down with Simon Pressley from Propertyology to break down what really moves property markets. Is it supply and demand? Is it economic conditions? Or are we just looking at all the wrong things? Simon spent years studying Australian property history, and he’s got some strong opinions—like why people completely misunderstand the impact of population growth and why economic diversity is actually the real game-changer. We also get into the rise of AI in property research. Can data and algorithms actually predict the next boom, or is it just another overhyped tool that doesn’t account for the real drivers of price growth? If you want to cut through the noise and get a clearer picture of what actually makes property markets move, this episode is for you. Episode Highlights: 00:00 - Introduction 01:39 - What are some of the big property myths we should debunk? 04:17 - Understanding the real drivers of property markets 08:57 - Is population growth needed for long-term sustainable price growth? 11:10 - The case for regional investing—why some areas outperform capital cities 17:05 - Choosing the right investment property: location, scarcity, and affordability 18:58 - Buy-and-hold vs. selling at the right time—when does it make sense to exit? 27:56 - Have Simon ever advised clients to exit a market due to economic downturns 31:55 - Is Darwin really the next big thing, or is the hype misleading? 33:49 - What drove Hobart’s property boom, and is it still a good investment? 38:08 - The trade-off between diversification and capital growth in property investing 43:47 - Key criteria that make a region unsuitable for investment 46:15 - Lessons learned from getting a property prediction wrong 50:41 - Simon's take on the rise of new buyer’s agents flooding the market 54:41 - AI in property investing—helpful tool or just another gimmick? 58:56 - Could large-scale investor activity artificially inflate prices in certain markets? 1:05:18 - Simon Pressley’s property dumbo About Our Guest: Simon Pressley is the Managing Director and Head of Research at Propertyology, a Hall of Fame inductee of the Real Estate Institute of Australia, and a nationally recognised property market analyst. Known for challenging conventional wisdom, he has a proven track record of accurately forecasting market trends, including being the only expert to predict Australia’s post-COVID property boom. With extensive experience in property investment, finance, and buyer’s advocacy, Simon has helped everyday Australians invest across 23 cities and towns. A sought-after media commentator and keynote speaker, he brings deep insights into the complexities of real estate markets nationwide. Connect with Simon Pressley: Website https://www.propertyology.com.au/ LinkedIn https://www.linkedin.com/in/simon-pressley-9b936a95/ 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.alcove.au Work with Chris: chrisbates@alcove.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.…

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

1
Dodgy Deals, Red Flags & Buyer’s Agent Dilemmas—Your Property Questions Answered! 55:48

21 days ago55:48

55:48

We’re tackling some seriously meaty questions in this episode, covering everything from dodgy deals to buyer’s agent dilemmas. Should you buy a house near a mobile phone tower? How do you handle a seller who’s going solo without an agent? And what does it mean when a property keeps changing hands every few years—red flag or just a coincidence? We also dig into what happens when you start losing confidence in your buyer’s agent. Do you keep going, or do you cut your losses and walk away? And what if you suspect you’ve got some dud properties in your portfolio—should you hold, or is it time to sell and reinvest in something better? These are the kinds of questions that can make or break a property decision, and we’re unpacking them all in this episode. If you’ve ever second-guessed a purchase (or a buyer’s agent!), this one’s for you. Episode Highlights: 00:00 - Introduction 01:08 - Should I buy a house near a mobile phone tower? 12:46 - How can a buyer manage negotiations with a private seller? 20:40 - How should a buyer present an offer? 28:03 - Is it a red flag if a property has changed hands every five years? 33:55 - What should you do if you realise your investment properties aren’t A-grade, even though they were bought with the help of buyer’s agents? 43:10 - What to do if you’re losing confidence in your buyer’s agent—keep going or walk away? 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.alcove.au Work with Chris: chrisbates@alcove.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.…

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

1
How Will Climate Risk Impact Your Property’s Future Value? 56:26

28 days ago56:26

56:26

Climate risk is no longer a distant concern—it’s already shaping how banks, insurers, and homeowners approach property. In this episode, we sit down with Philip Tapsell from XDI Systems, part of the Climate Risk Group, to explore how climate-related risks are being measured and factored into financial decisions. How close are banks to pricing in climate risk with mortgages? What happens when certain areas become uninsurable? And what can property owners do to safeguard their investments? Philip breaks down the growing impact of extreme weather on property values and highlights the information gap between financial institutions and everyday buyers. We discuss the challenges of outdated flood maps, the shifting approach to risk assessment, and whether institutions are doing enough to prepare for future disasters. We also touch on how other countries are responding—some taking proactive steps, others simply waiting for someone else to move first. If you’re a property owner or buyer, this conversation is a must-listen to understand what climate risk means for your biggest asset. Episode Highlights: 00:00 - Introduction 01:00 - Who is Philip Tapsall? 02:10 - What made Philip leave the banks? 04:15 - Philip's major concerns when it comes to climate risk and property 06:55 - Why flood maps have been redone, and its impact on property buyers 11:33 - Are banks and insurers avoiding the reality of climate risk? 15:17 - Proactive or reactive: Are we handling climate risk the wrong way? 18:45 - Is climate risk hitting lower-income communities the hardest? 21:04 - What needs to change in the next decade to protect property from climate risk? 24:05 - Should we focus on protecting existing homes instead of restricting new builds? 26:43 - How property value, population, and location impact climate risk 30:48 - Are affluent nations taking action on climate risk, or still in denial? 40:06 - What climate risk ratings really mean for homeowners 47:47 - Climate risks beyond fire and flood homeowners should watch for 54:15 - Philip Tapsall’s property dumbo About Our Guest: Philip Tapsall is the Head of Corporate and Finance Sector Engagement at XDI Systems. He leads XDI’s engagement with regulators, corporates, and financial institutions, helping them assess climate risk. XDI, part of the Climate Risk Group, quantifies the cost of extreme weather on physical assets. He also serves as General Manager of Climate Valuation, which helps individuals and communities understand climate-related property risks. With over 20 years in finance, policy, and engineering, Philip has worked with ANZ, Westpac, HSBC, and WWF-India. He holds degrees in Commerce, Political Science (Hons), and Civil Engineering and is a graduate of the Australian Institute of Company Directors. Connect with Philip Tapsall: LinkedIn https://au.linkedin.com/in/philiptapsall Website https://xdi.systems/ 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.alcove.au Work with Chris: chrisbates@alcove.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.…

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

1
Could Australia Face a Bushfire Disaster Like Los Angeles? Greg Mullins Weighs In 54:19

5 weeks ago54:19

54:19

Thousands of homes wiped out, entire neighborhoods gone—wildfires in Los Angeles have reached a terrifying new level. But could something like that happen here in Australia? Former New South Wales Fire and Rescue Commissioner Greg Mullins joins us to break it all down—how bushfires are getting worse, why they’re becoming harder to fight, and what that means for people living near bushland. Greg shares his firsthand experience working with fire agencies around the world and explains how bushfires are now turning into full-blown urban firestorms. We get into why hazard reduction burns are getting trickier, what building codes can (and can’t) do to protect homes, and the brutal reality that some fires just can’t be fought. It’s a conversation that every homeowner—especially those in fire-prone areas—needs to hear. So what can we actually do about it? Greg’s got some straight-up advice, plus a few surprising facts that might change the way you think about bushfire risk. Episode Highlights: 00:00 - Introduction 00:52 - Who is Greg Mullins? 02:17 - Did experts ever imagine wildfires could destroy a city like this? 04:06 - What is the meaning of urban conflagration? 06:32 - Could the Australian government have acted to avert the 2020 bushfires? 08:14 - Are authorities taking climate and fire warnings more seriously today? 09:13 - Could Australia face an urban fire like LA's, and what can we do to prevent it? 12:59 - Best way to unite fire services, councils, and property owners on fire prevention 18:43 - How is climate change making bushfires more extreme and unpredictable? 24:56 - How emergency services are gearing up for increasingly demanding fire events 28:22 - How is the insurance industry responding to rising bushfire threats? 32:40 - Can Australia’s construction sector keep up with rebuilding after bushfires? 34:39 - Is urban sprawl increasing fire and heat risks in Western Sydney? 38:44 - Best ways to fireproof homes in high-risk bushfire areas 43:48 - Should Australia strengthen its building codes for bushfire-prone areas? 46:13 - The dangers and long-term health effects of bushfire smoke 49:46 - Greg Mullins’ property dumbo About Our Guest: Greg Mullins AO, AFSM , is a veteran firefighter, climate advocate, and leader in emergency management. Serving nearly 14 years as Commissioner of Fire & Rescue NSW, he was the first to rise from the ranks to lead the agency, becoming its longest-serving chief in over a century. His expertise spans international bushfire management, emergency response coordination, and strategic leadership, including roles as President of the peak fire and emergency services council for Australia and New Zealand. After retiring in 2017, he rejoined the Rural Fire Service and was on the frontlines during the 2019–2020 Black Summer. Concerned about worsening climate-driven disasters, he founded Emergency Leaders for Climate Action, rallying former fire chiefs to push for urgent policy change. He continues to serve as a Climate Councillor and holds advisory roles shaping bushfire and emergency response strategies. His book, Firestorm, offers a firefighter’s perspective on the growing impact of climate change on natural disasters. Connect with Greg Mullins: LinkedIn https://au.linkedin.com/in/greg-mullins-ao-afsm-72095043 Website https://emergencyleadersforclimateaction.org.au/ 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.alcove.au Work with Chris: chrisbates@alcove.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.…

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

1
Is Long-Term Thinking Actually Sabotaging Your Property Goals? 57:20

6 weeks ago57:20

57:20

Most people assume long-term thinking is the key to success in property—but what if it’s actually holding you back? In this episode, we break down whether having a long-term property strategy is always the smartest move—or if it could actually be working against you. We take you through how we each approach property strategy, why some plans are set up to fail from the start, and how to tell if the advice you’re getting is truly in your best interest or just a well-packaged sales pitch. Chris shares how his strategy sessions with clients unfold, the key questions that reveal what really matters, and why understanding your next move—not just the one in front of you—is so critical. Veronica talks through the biggest mistakes she sees people make, why so many investors end up stuck with properties that don’t serve them, and how to avoid locking yourself into a plan that doesn’t adapt to real life. We also get into the risks of relying too much on spreadsheets and formulas, why property strategy isn’t just about numbers, and how the best decisions come from asking the right questions. If you’re thinking about your next property move, this episode will give you a fresh perspective on how to approach it. Episode Highlights: 00:00 - Introduction 01:14 - How Chris initiates and conducts property strategy discussions with clients 04:05 - Do property strategy sessions ever change a buyer’s mind? 08:59 - Does Chris charge for his strategy sessions? 12:18 - Does Chris encounter recurring or common property strategy scenarios? 16:37 - The different types of clients who seek strategy sessions and the key issues they face 22:04 - Are property strategy plans too focused on numbers instead of real-life goals? 27:04 - Explaining the power of compounding in real estate through the lily pad analogy 31:51 - What happens when couples have conflicting property goals? 37:09 - How to realistically assess the right timing for property decisions 39:44 - Taking a holistic approach to property strategy sessions 49:13 - The role of data and/or local knowledge in helping investors pick good properties 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.alcove.com.au/ Work with Chris: chrisbates@alcove.com.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.…

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

1
The Critical Role of Tax Planning in Property Wealth Building 54:55

7 weeks ago54:55

54:55

Tax planning in property isn’t just a technical detail—it’s a game changer. In this episode, we explore why getting the right advice early can be the difference between wealth creation and costly mistakes. From uncovering myths about negative gearing to breaking down the hidden ways investors lose money, our conversation with Catherine Simons talks about what really matters when it comes to structuring your investments wisely. We discuss common traps, like rushing into property trusts or ignoring the impact of selling in unfavourable tax years. Catherine shares practical advice on pre-purchase consultations, highlighting why your accountant’s input is crucial long before signing on the dotted line. And for those navigating property inside super funds, she doesn’t hold back on the risks and benefits, making sure you know what to avoid. This episode is packed with actionable insights on structuring, tax strategies, and long-term planning. So don't miss it! Let's get started. Episode Highlights: 00:00 - Introduction 00:55 - Who is Catherine Simons? 02:07 - What came first—Catherine's profession or her love of property? 03:34 - Key lessons or myths Catherine has debunked when working with property investors 05:23 - Common ways people can lose money on property investments 07:04 - What are the most common tax rules or misconceptions committed by most people? 10:47 - Deciding the best ownership structure for a property investor (from an accountant) 12:06 - At what point should a property investor engage an accountant? 15:32 - What are some common tax-related mistakes property investors make 22:32 - Common misconceptions people have about negative gearing and positive cash flow 25:26 - What makes a great property asset based on Catherine's client experience 27:52 - Insights Catherine gained from clients engaged in flipping or property development 31:20 - Foundational tax principles evolving, and key trends for 2025 and beyond 34:47 - What’s the impact of tax and super changes on company vs. trust structures? 36;35 - What makes liquidity a common issue when buying property within an SMSF? 44:54 - Where owner-occupiers go wrong with tax when renting out their home short term 48:39 - Catherine Simons’ property dumbo About Our Guest: Catherine Simons is the Managing Director of WSC Group, bringing over 19 years of expertise in public practice accounting. Specialising in rental property investment and advising small to medium-sized businesses, Catherine is dedicated to helping clients build wealth and achieve financial growth through strategic business advisory and taxation services. She also oversees continuous improvement initiatives within WSC Group, ensuring operational excellence. A sought-after speaker and expert, Catherine shares insights on key financial topics and enjoys balancing her professional life with family time and personal interests in podcasts focused on finance, pop culture, and health. Connect with Catherine Simons: WSC Group https://wscgroup.com.au/ LinkedIn https://au.linkedin.com/in/catherine-simons-59766b89 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
What Does the Future Hold for Real Estate in a Climate-Conscious World? 1:06:57

8 weeks ago1:06:57

1:06:57

Ever wondered if energy-efficient homes are the next big thing in real estate? Or is the industry still lagging on this? In this episode, we're diving into how sustainability is shaking up the property game, and we've got Jacob Caine, president of the Real Estate Institute of Victoria, to give us the inside scoop. Jacob was at the 2024 UN Climate Change Conference, representing Australian real estate, so he knows what's up. We're talking about how climate change – from crazy weather events to skyrocketing energy bills – is changing what buyers want and how much homes are worth. Will houses with bad energy ratings become impossible to sell or get a loan for? We're also looking at how banks are getting involved, new rating systems, and how energy-efficient features are becoming more than just a nice-to-have – they're protecting your investment. But there's also the practical stuff: what can homeowners and investors do right now to stay ahead of the curve? Jacob's got tips on everything from solar panels to minimum rental standards, and how these changes will affect everyday decisions about property. So, if you're curious about how property, climate, and money all fit together, this episode is packed with info you won't want to miss. Episode Highlights: 00:00 - Introduction 01:11 - Who is Jacob Caine? 02:04 - What motivated Jacob's attendance at COP 29, and what were his key goals? 03:33 - How important is Australia’s contribution to the global sustainability movement? 08:21 - How reliable is CoreLogic’s analysis without a rating system for existing homes? 14:18 - How soon will energy ratings become a key factor in property markets? 21:05 - Will banks require property upgrades to approve financing? 25:11 - What does resilience mean in the context of property? 27:41 - Do home builders have a valid point about energy efficiency standards raising costs? 36:53 - How quickly can we transition to renewable energy according to the model? 41:58 - Energy ratings or home renovations: which one is responsible for price increases? 48:46 - Do you agree that property managers are getting overwhelmed by new requirements? 52:54 - Should energy efficiency efforts prioritise apartments over individual houses? 59:03 - Jacob Caine’s property dumbo About Our Guest: Jacob Caine is the CEO of Ray White CRE and is serving his second term as President of the Real Estate Institute of Victoria, with directorship roles at the Real Estate Institute of Australia and View.com.au. A licensed estate agent with extensive leadership experience, he has an impressive academic background, holding a Bachelor’s degree from Melbourne University, an MBA from Monash, and a Master’s in International Relations from Harvard, where he graduated on the Dean’s List. Currently pursuing a PhD at the National Security College (ANU), Jacob’s research focuses on the evolution of cyberattacks. His professional credentials include certificates in leadership, negotiation, and international security from Harvard, among others. Connect with Jacob Caine: Ray White CRE https://raywhitecre.com.au/ Website https://view.com.au/ LinkedIn https://au.linkedin.com/in/jacob-caine-30195647 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
What Most Property Investors Get Wrong About Hotspots: Terry Ryder 51:20

9 weeks ago51:20

51:20

What is hotspotting, really? In this episode, we sit down with Terry Ryder, the founder of Hotspotting, to explore what the term means and what it should mean for property investors. Terry has spent over four decades researching and writing about Australian residential property, and he’s here to share why chasing short-term predictions is not the way to go. Terry walks us through his approach to identifying true hotspots—places with economic diversity, infrastructure investment, and long-term growth potential. He’s upfront about how the name “hotspotting” can sometimes create misconceptions, with people thinking it’s about quick, short-term wins. As Terry explains, that’s the opposite of his philosophy. For him, it’s all about looking ahead and finding what he calls “second wind markets”—those overlooked locations that are set to thrive over time. We also dive into the challenges of going against the herd mentality. Terry believes most investors make mistakes by following the crowd or reacting to media noise instead of having a solid, long-term strategy. He even shares personal stories about lessons learned from his own investments, including the times he wishes he hadn’t sold too soon. This conversation is packed with Terry’s trademark honesty, practical insights, and a refreshing take on property investing. Whether you’re just starting out or looking to fine-tune your strategy, this episode is a must-listen. Episode Highlights: 00:00 - Introduction 00:56 - Who is Terry Ryder? 01:52 - Terry’s thoughts on the popularity of the term “hotspotting” among buyers’ agents 03:42 - How frequently Terry addresses the misbelief that ‘hotspotting’ is about quick returns 05:07 - Determining time frames and benchmarks for market outperformance 14:30 - What Terry would do if he had to rebuild his portfolio from scratch 16:52 - The role of sales activity in Terry's investment methodology 19:40 - Can fair value outweigh location quality in long-term property investments? 22:06 - Is location more important than property details in your analysis? 28:45 - Are we seeing a shift toward apartments in high-growth locations? 31:03 - Do Terry’s previous hotspots align with market performance? 34:43 - Reports that get the most clicks on Hotspotting 36:19 - What Terry thinks about the rise of data-driven buyers’ agencies 37:39 - What happens after buyers get Terry's top suburb recommendations 44:04 - Terry Ryder’s property dumbo About Our Guest: Terry Ryder is a seasoned researcher and writer with over four decades of expertise in Australian residential property. He began his career as Property Editor at The Courier Mail in 1982, later holding roles at the Australian Financial Review. For 20 years, he ran Ryder Property Consulting, offering research and writing services to industry professionals, and authored four books on real estate. In 2006, he launched hotspotting.com.au, a platform providing insights for property investors on future high-performing markets. Terry has been a columnist for The Australian, Property Observer, Money Magazine, and Canstar, and is widely recognized for his expert commentary on TV, radio, and at industry events. His content, including broadcasts and podcasts, is followed by tens of thousands across Australia. Connect with Terry Ryder: Website https://www.hotspotting.com.au/ LinkedIn https://au.linkedin.com/in/terryryder 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
Eliza Owen: Is 2025 the Year Buyers Take Back Control? 52:19

10 weeks ago52:19

52:19

As we step into 2025, the property market is abuzz with questions about its trajectory after a challenging 2024. Is the shift towards a buyer's market inevitable, or are we simply seeing seasonal fluctuations? In this episode, Eliza Owen from CoreLogic returns to share her insights on what’s ahead and what it all means for buyers, investors, and renters alike. We start with a discussion on the ripple effects of rising unemployment and how it could influence the rental market and demand particularly in cities like Perth, Adelaide, and Brisbane, which saw impressive growth last year. Eliza unpacks affordability constraints and how they’re starting to affect buyer and investor activity. With high migration propping up some markets and affordability pulling others back, there’s a lot to consider as we move forward. We also discuss construction challenges, including delays and how they’re affecting housing supply. Eliza gives us the real numbers on where we stand against ambitious government targets for new dwellings and what that means for the property market overall. Finally, Eliza shares her take on intergenerational wealth and how the “bank of mum and dad” is influencing homeownership. With these trends shaping up to play a major role in 2025, this episode is packed with timely insights to help you make sense of what’s happening in property right now. Episode Highlights: 00:00 - Introduction 01:13 - Who is Eliza Owen? 02:03 - Eliza's outlook for 2025 04:14 - Have Perth, Adelaide, and Brisbane passed their peak? 07:36 - What’s the connection between regional areas and state capitals in real estate? 09:29 - How Eliza interprets claims about increased property listings 12:48 - Insights on future listing trends 17:52 - If rate cuts happen soon, when will their impact be felt in real estate? 22:36 - The role of intergenerational wealth play in skewing market dynamics 28:41 - Is wealth transfer more impactful in Sydney compared to Brisbane? 29:44 - How could unemployment in 2025 affect wealth transfers and home buying? 31:08 - How might political pressures influence housing policies during the election? 35:29 - How does wealth flow from other assets into residential real estate? 38:53 - How is the construction sector responding to housing targets? 46:32 - Eliza Owen’s property dumbo About Our Guest: Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets. Connect with Eliza Owen: Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/ Visit their website: https://www.corelogic.com.au/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
What’s Fuelling the Surge of Residential Investors in Commercial Real Estate? 51:02

11 weeks ago51:02

51:02

Why are so many residential investors making the leap into commercial real estate? That’s the big question we unpack in this episode with Vanessa Rader from Ray White Research. With over 25 years of experience across residential, commercial, and niche property markets, Vanessa offers an expert perspective on this growing trend and its implications for investors. One of the standout moments in our chat is how Vanessa highlights the key distinctions between residential and commercial investments. While residential decisions often hinge on emotion, commercial real estate is all about strategy and crunching the numbers. It’s no wonder smaller commercial investments are becoming a go-to option for residential investors seeking higher returns or a more hands-off experience. We also dig into the performance of various commercial sectors. Industrial spaces are leading the charge, fueled by booming demand from logistics and e-commerce. Retail, surprisingly, is holding steady in prime areas, while office spaces continue to grapple with shifting workplace trends. Of course, it’s not without its challenges. We talk about the risks, such as the critical importance of securing reliable tenants and navigating market fluctuations. While the potential returns are tempting, this episode is a reminder that success in commercial property requires knowledge, preparation, and a clear strategy. Episode Highlights: 00:00 - Introduction 00:57 - Who is Vanessa Rader? 01:52 - What is it about the commercial real estate sector that lights Vanessa up 03:25 - Overview of the different sectors and price points in commercial real estate 08:11 - Which areas of commercial real estate are particularly strong at the moment? 15:49 - Which areas of commercial real estate are underperforming 17:08 - How is the office space sector evolving, and what’s next? 23:58 - Is there a reimagining or repurposing of office spaces occurring? 28:15 - What was the catalyst for the shift in leasing preferences for office spaces? 30:44 - What trends are emerging in the owner-occupied commercial space? 34:06 - Are investors leaving residential for commercial, or exiting property altogether? 43:32 - Are there emerging sectors in the smaller market we’ve overlooked? 47:08 - Vanessa Rader’s property dumbo About Our Guest: Vanessa Rader, Head of Research at Ray White Group, is a leading Australian property expert with over 25 years of experience across commercial, residential, and niche markets. Known for her in-depth analysis and media commentary, she regularly appears in national and international outlets like Australian Financial Review and Sydney Morning Herald and speaks at industry events. Vanessa is actively involved with the Australian Property Institute and Property Council of Australia and has received multiple awards for her contributions. With expertise in economic and political impacts on real estate, she is a trusted voice in the property sector. Connect with Vanessa Rader: Ray White Research https://www.raywhite.com/ LinkedIn https://www.linkedin.com/in/vanessa-rader/ 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
What Are the 12 Behavioural Biases at Auctions? A Look Back at Our First Episode 57:54

12 weeks ago57:54

57:54

What drives us to bid at auctions? In this episode, we throw it back to where it all began, revisiting our very first episode that set the stage for everything we’ve explored since. Behavioural biases—those sneaky little tricks your brain plays—are at the heart of this conversation, and we talk about all 12 of them, plus a few extras that make auctions the fascinating psychological arenas they are. Simon Russell, a behavioural scientist, joins us to break down the surprising ways our subconscious minds react under pressure. From something as simple as a free coffee outside an auction to the auctioneer’s clever use of anchoring, scarcity, and loss aversion, Simon explains how these cues shape our decisions. The reciprocity effect alone—a cup of coffee making you feel like you owe the auctioneer something—might have you rethinking the next time you pick up a bidder’s paddle. We also get into the emotional rollercoaster that happens when the stakes are high. The auctioneer’s job as a kind of circus master becomes clear when Simon talks about their subtle tactics, like smiling and nodding to encourage bids or creating a sense of urgency with phrases like, “First, second, third…” It’s all designed to keep you—and your wallet—engaged. Looking back, this conversation with Simon didn’t just lay the foundation for the podcast; it opened our eyes to how much of our behaviour at auctions (and in life) is guided by things we don’t even notice. And while the episode may be nearly seven years old, these lessons are just as relevant today. So, if you’re a seasoned bidder or just curious about what’s going on in your own head, this is one you’ll want to hear—or hear again. Episode Highlights: 00:00 - Introduction 01:43 - How the podcast came about 05:36 - Who is Simon Russell? 06:30 - What behavioural patterns did you observe at the auction? 07:24 - First bias: Reciprocity effect 10:43 - Does awareness of these biases help mitigate their impact? 11:45 - Second bias: Scarcity effect 16:24 - Third bias: Anchoring 24:46 - Fourth bias: Loss aversion 29:22 - Fifth bias: Framing effect 32:22 - Sixth bias: Sunk cost fallacy 33:36 - Seventh bias: Commitment and consistency effect 39:01 - Eighth bias: Social proof: Herd mentality 43:54 - Ninth bias: Recency effect 48:17 - Tenth bias: Mental accounting 51:31 - Eleventh bias: Overconfidence 54:45 - Twelfth bias: Disposition effect About Our Guest: Simon Russell is the founder and Director of Behavioural Finance Australia (BFA). At BFA he provides specialist behavioural finance training & consulting. His services are designed to improve financial decision-making, communication and engagement. He mostly works with fund managers, major super funds, financial advisers and other financial services professionals. Connect with Simon Russell: Website https://www.behaviouralfinanceaustralia.com.au/ LinkedIn https://au.linkedin.com/in/simonrussellaustralia 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
The Property Market in 2025: What Could Be on the Horizon? 55:37

13 weeks ago55:37

55:37

In this episode, we’re taking a look ahead at what might shape the property market in 2025. No, we’re not here to predict the future or pull out a crystal ball, but we are diving into the key factors that could have an impact—things like interest rates, immigration, intergenerational wealth, and stock levels. Whether you’re planning to buy or sell, we’ve got some thoughts on what you might want to keep in mind. We kick things off by reflecting on what’s surprised us in 2024. For Veronica, it’s been Sydney’s stability—a balanced market for the first time in over a decade. For Chris, it’s been the sheer scale of intergenerational wealth propping up buyers. We chat about how that’s shaping the market and what it means for affordability, especially as borrowing capacities remain constrained. There’s also a lot to unpack when it comes to investors. Some are still bailing out of the market, while others—especially first-time investors—are jumping in. And with zoning changes, rising rental pressures, and even some quirky local issues like mozzie-prone suburbs, buying property isn’t as straightforward as it used to be. It’s a reminder that doing your homework (or working with someone who really knows the area) is more important than ever. As we look ahead, the upcoming federal election and potential shifts in policy—like APRA changing serviceability buffers—are going to play a huge role. We talk about how these kinds of changes could inject urgency into the market, especially as buyers try to get ahead of the herd. But as always, we caution against trying to time the market and instead focus on making decisions based on your own goals and readiness. And yes, we touch on climate change too, because the landscape there is evolving. New flood maps, shifting risks—these are things we’ll all need to consider going forward. If 2025 brings anything, it’ll be the unexpected, but don’t worry—we’ll be here to help you make sense of it all. So tune in and get a clearer picture of what might be on the horizon. Episode Highlights: 00:00 - Introduction 01:04 - What was surprising about the property market in 2024 04:56 - Regional market dynamics 07:46 - Investor behaviour and market inequalities 12:54 - Will interest rates be the biggest driver of prices? 13:55 - Urban planning and zoning issues 20:20 - How market cycles, interest rates & consumer confidence shape investment decisions 26:29 - How regional moves and remote work trends are changing this coming year 33:18 - How rental pressures are evolving, and what they mean for 2025 40:00 - What might the upcoming federal election mean for the property market in 2025? 44:42 - Consumer sentiment 51:07 - What role will climate change and new flood maps play in property decisions? 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.flintgroup.au Work with Chris: chrisbates@flintgroup.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.…

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

1
What Investors Need to Know About Perth’s Economic and Housing Future with Damian Collins 56:50

14 weeks ago56:50