Propertybuyer Podcast

Episode #62 Northern Beaches Real Estate Outlook & Industry Trends

Podcast #62: Northern Beaches Real Estate Outlook and Industry Trends - With John Cunningham
To join in and have your Say head to the propertybuyer Website below and click on the Speak pipe link to record your question. We will answer your question on the next addition of the Podcast.
https://www.propertybuyer.com.au/podcasts
 
Welcome to another edition of the Propertybuyer Podcast and in this episode, we will be looking at Sydney’s Northern beaches market and future trends within the real estate industry.
Sydney’s Northern beaches has some of the most beautiful beaches in the world and provide a vast array of suburbs for living an enviable lifestyle surrounded by a stunning water playground – it is often referred to as the Insular Peninsular for good reason – no one wants to leave once they live here!
Yet buying a property is becoming more challenging as prices jumped an incredible 38.5% during the Covid year in 2021. Prices have come back a bit and now stabilised and lack of listings are seeing prices start to climb again. So which areas of the Northern beaches are most desirable? – which areas are most affordable? And what is the outlook for the spring property market?
To answer these and many more questions we are privileged to have an industry veteran and past president of the Real Estate Institute of NSW, John Cunningham, Managing Director of Cunninghams Real Estate. John has been in the real estate industry since 1977 and see decades of change and development in that time. Welcome John!
 
Thought of the Week :
“We become what we think about”. –Earl Nightingale
 
The Questions we will deep dive into are
How did you first get into real estate – what was your first job in the industry?
What advice would you give your 25-year-old self?
What is your outlook for the Spring market? Will we finally see a substantial increase in supply for buyers?
Are vendors still nervous to list?
What is holding the buyers back?
What trends are you seeing in the local Northern Beaches market?
What property types are most in demand?
What types of buyers are coming into the Northern beaches? What areas are the buyers predominantly coming from?
Tell me about pricing on the beaches…Where are prices going?
What northern beaches suburbs would you say are still relatively under-valued compared to surrounding areas at present?
The State government is saying the Northern Beaches tunnel is on hold again…what’s your view on when, or if, this will ever get built? And what impact would it have on the northern beaches market?
What are the top qualities that you look for when hiring sales agents to join your company?
How do your agents like to present properties for the maximum impact?
What makes a great vendor?
You have been President of the REINSW – What changes are yet to come to the Real estate industry?
Prop tech – and AI – What are you adopting in your business to keep up with technology.
What has been your most memorable or best sale?
What has been your best property investment?
What’s your best property tip you can share with our audience?
Tune in now where you get your Podcasts from! 

Episode #61 How Sales Agents Think

Introducing Today's Podcast: "How Sales Agents Think" - With Matt Lahood, CEO of The Agency
Welcome to another insightful edition of the Propertybuyer Podcast! Today, we delve deep into the minds of real estate sales agents, offering you invaluable insights into their world.
Buying a property can be a challenging process, often underestimated in terms of time and effort required to find that ideal property. A crucial aspect of this journey involves dealing with real estate agents, which might seem daunting or even intimidating for many.
We understand that misconceptions and myths surrounding sales agents have contributed to a lack of trust, as evidenced by the annual survey of trusted professions conducted by Roy Morgan Research.
However, if you're serious about making a successful property transaction, engaging with selling agents becomes essential to achieving the best outcome for your unique situation.
To help unravel the mysteries of how sales agents think, we are honored to have a very special guest today, none other than Matt Lahood, the esteemed CEO of The Agency. With over two decades of experience as an agent and a reputation for nurturing some of the top-performing agents in the country, Matt brings a wealth of knowledge to our podcast.
So, if you want to gain a competitive edge and truly understand the mindset of sales agents, this episode is a must-listen! Welcome, Matt Lahood!
 
Thought of the week:
“Life isn't about getting and having, it's about giving and being”. –Kevin Kruse
 
GET INVOLVED
Join in the Propertybuyer Podcast by heading to the link below, ask your burning questions by clicking on the speak pipe link on the right and we will answer your question in the next exciting episode. 
https://www.propertybuyer.com.au/podcasts

Episode #60 Auctions – The Inside Scoop

Welcome to another edition of the Propertybuyer Podcast and today you are in for a real treat! We will be discussing the inside secrets about property auctions and unpack the mystery of the auction process.  Now many listening to this podcast might have recently missed out at auction. With the severe shortage of listings, we are seeing auction clearance rates running around 75% to almost 80%. This clearance level is reminiscent of the boom auction times we saw during the covid period.
 
Buying a property at auction can be an emotionally charged process where your adrenalin runs high, and mouth goes dry. You’ve got your finances ready and registered for auction day and have your bidding card ready in hand and …..bang the auction starts and the property is on the market. But then another bidder starts at a figure close to your maximum limit and you feel worried and anxious. You make a bid, but get quickly outbid – you try to maintain a poker face – but your furrowed brow shows the strain on your face and pressure you feel inside. You make another bid and the process continues toward an unknown outcome. Well to get the inside scoop on the auction process today we have one of the best and most award auctioneers in Australia today – Damien Cooley, Managing Director of Cooley Auctions.  Welcome Damien!
Thought of the week:
“Life is what happens to you while you’re busy making other plans”. –John Lennon
 
GET INVOLVED
Join in the Propertybuyer Podcast by heading to the link below, ask your burning questions by clicking on the speak pipe link on the right and we will answer your question in the next exciting episode. 
https://www.propertybuyer.com.au/podcasts
 

Episode #59 - Financing Innovation & Building a Property Portfolio

On this Episode Rich Harvey is joined by Theo Chambers - CEO of Shore Financial He will be sharing his valuable insights and incredible financial knowledge. 
Join us as we discuss how can you build a sizeable investment property portfolio over time and get your dream home on a limited budget!
Getting financial approval is one of the biggest challenges facing home buyers and investors looking to secure their next property. With interest rates having returned to a more normalised level in the high 5% range borrowers are finding it exceedingly difficult to achieve the same level of borrowing capacity that they could 12 months ago. At the same time, the property market is now rising once again and in recovery mode, driven by a surge in migration, a serious under supply of property and a chronic shortage of listings.
What are some of the practical and innovative ways that you as a borrower can use smart financing strategies to secure not just one property, but multiple properties over the years ahead and take advantage of a rising market?
Our Thought of the Week: 
“Definiteness of purpose is the starting point of all achievement.” –
W. Clement Stone

Episode #58 – Melbourne Property Insights

Welcome to our latest podcast episode, where we dive into the exciting resurgence of the Melbourne property market. Prepare to be captivated by the remarkable turnaround in sentiment as prices are now soaring, with a remarkable 0.3% increase witnessed in the last quarter alone.
Intriguingly, this surge in property prices coincides with a 20% decline in listing volumes compared to the same period last year. The resulting scenario? A fiercely competitive market, offering astute buyers unprecedented opportunities.
But let's take a step back and acknowledge the accolades bestowed upon Melbourne. It has been rightfully crowned Australia's most liveable city and holds an enviable 10th position in the esteemed Global Liveability Index of 2022. With such a prestigious reputation, it's no wonder Melbourne continues to attract discerning homeowners and visionary investors alike.
Renowned for its diverse range of high-quality suburbs, the Melbourne property market stands as a testament to the city's commitment to excellence. Homebuyers seeking a perfect blend of lifestyle and comfort will find themselves spoiled for choice. Meanwhile, shrewd investors pursuing lucrative capital growth will discover an abundance of tantalising prospects.
One cannot ignore the sheer magnitude of Melbourne's population, which currently surpasses 5.2 million and continues to grow steadily. In a recent statistical boundary change, Melbourne now boasts a slightly larger population than its long-standing rival, Sydney. Thus, the timeless rivalry between these two great cities persists, fuelling the excitement and vigor of the Melbourne property market.
Join us as we explore the dynamic shifts within this vibrant real estate landscape. We'll unravel the secrets behind Melbourne's allure, dissect the latest market trends, and provide valuable insights to navigate the ever-evolving property market.
Stay tuned for an engaging discussion that unravels the revitalised Melbourne property market, where dreams come true, and opportunities abound in Australia's most liveable city.
 

Episode #57 Market Directions - Upswing or Stabilising?

The property market appears to be stabilising and getting set for a quicker than expected recovery!!
Welcome to our latest podcast episode, where we take a deep dive into the current state of the property market and its future outlook. We are thrilled to be joined by Louis Christopher, the Managing Director of SQM Research, one of the most respected and accurate property forecasters in the country. Louis's regular Boom and Bust reports are highly regarded, and we are excited to have him share his insights with us.
In this episode, we explore whether the property market has reached its bottom and what key drivers will shape the market over the next few years. We also discuss the impact of COVID-19 on the property market and the legacy of changes it has left behind. Additionally, we address the current rental crisis and potential solutions, as well as the all-important question of whether now is the right time to buy a property.
So sit back, relax, and join us as we gain valuable insights into the property market from one of the most knowledgeable experts in the field.
 
Thought of the week:
“Two roads diverged in a wood, and I—I took the one less travelled by, And that has made all the difference.”  –Robert Frost

Episode #56 Eastern Suburbs Insights

The Eastern suburbs of Sydney contains some of the most expensive real estate found in Australia.
Think of suburbs like Point Piper, Vaucluse and Double Bay. It provides an enviable lifestyle, proximity to world class beaches like Bondi and Coogee and yet it’s within very reasonable access to the city and airport. It holds great appeal for aspirational buyers and those wanting high quality schools for their children or for those seeking a sense of community living amongst ultra high-quality properties. And yet it also contains some very affordable pockets and some suburbs that are not as well-known such as Matraville and Eastlakes.
So, what has been happening at the top end of the property market? and what's the outlook but the remainder of 2023?
To help understand what's happening at the ground level in the Eastern suburbs and particularly in the prestige market, we have special guest Ben Collier from The Agency to share his insights today. With over 25 years experience as an agent and multiple awards under his belt, Ben offers a compelling insight into the Sydney's Eastern Suburbs.

Episode #55 Rent Vs Buy - with Special Guest Peter Switzer

Welcome to the latest episode of Propertybuyer Podcast with Rich Harvey where we delve into the burning question on every tenant and potential homeowner's mind - Rent Vs Buy.
With rents skyrocketing by over 10% nationally in 2022 and showing no signs of slowing down in 2023, the level of rental stress is becoming increasingly apparent each week, especially with the influx of migrants and international students arriving on our shores. In fact, finding a suitable place to rent has become a real challenge as vacancy rates continue to plummet.
But it's not just renters who are feeling the pinch. Highly leveraged borrowers are also facing mortgage stress as building approvals decline and construction costs remain high. With all these factors in play, the question arises - should you rent or buy? Join us as we explore the pros and cons of each option and help you make an informed decision.
And we have a special guest joining us today to help unpack this question - Peter Switzer. Peter is a renowned financial commentator, author, and founder of the Switzer Financial Group, with over 30 years of experience in the finance industry. He's also a regular contributor to leading media outlets such as The Australian, Yahoo Finance, and the Daily Telegraph. We're thrilled to have him here with us today to share his insights and expertise on this topic. 
So tune in now. 

Episode #54 Picking the bottom of the Market

With interest rates rising 9 times in the last 12 months, we have seen a significant pullback in demand and property values dropping in response to lower borrowing capacity. But how much further will the RBA go in trying to smash the inflation rate down? The impact on borrowers is likely to be felt most severely in the next couple of months as many borrowers come off fixed rates.  As interest rates reach their peak - is now a time when the property market will also bottom out?
It is a perplexing question and many economists have divergent views about whether we will have a hard or soft landing for the property market.
To help unpack this question and many more around the direction of the property market we are privileged to be joined by Head of Research - CoreLogic Tim Lawless.