Propertybuyer Podcast

Episode #69: Sydney’s Inner West – Hotspots and Outlook for 2024

Podcast Episode #69: Sydney’s Inner West – Hotspots and Outlook for 2024
Thomas McGlynn – CEO BresicWhitney
Welcome to our next edition of the Propertybuyer Podcast.
Sydney’s Inner-West property market offers a kaleidoscope of diverse suburbs, each with its own unique character and price points. The beauty of the Inner west is its close proximity to the city, it’s eclectic housing styles from 150 year old Balmain terraces, stunning waterfront homes in Drummoyne or Birchgrove and trendy apartments and townhouses from Newtown to Marrickville.
The style of properties is equally matched by the diversity of people of all cultural backgrounds calling the Inner West home. The abundance of fabulous eating places means you can eat your way around the world by visiting just a few suburbs!
It’s a part of Sydney that is highly sought after by property investors seeking to capitalise on consistently strong capital growth and solid rent returns.
In this episode, we'll dissect the Inner West's unique landscape, analysing the trends shaping its future. We'll address your burning questions: What's the outlook for 2024? Are vendors still hesitant? What about buyer sentiment? Which suburbs hold hidden gems? Is PropTech revolutionising the game? Buckle up for insights on pricing, demographics, negotiation strategies, and more!
To answer these and many more questions…Today I have Thomas McGlynn – CEO BresicWhitney
 
Thomas - we have a tradition in our Podcasts to start with a Thought of the Week :“Either you run the day, or the day runs you”. –Jim Rohn
 
What do you take from that quote?
 
Thomas McGlynn – CEO BresicWhitney
Topic: Sydney’s Inner West – Hotspots and Outlook for 2024
Questions we will unpack in this edition of the Podcast. 
What was your first job in the industry? How did you first get into real estate?
How many agents in the Bressic Whitney team? And what key areas and suburbs do you cover?
Looking back over 2023, how would describe the state of the property market?
What is your outlook for 2024? Are vendors still nervous to list?
What is holding the buyers back?
What trends are you seeing in Sydney’s Inner West market?
What property types are most in demand?
What types of buyers are coming into the Inner West? (demographic). Where are the buyers predominantly coming from?
Tell me about pricing in the Inner West…Where are prices going?
How do you estimate the value for vendors when signing up a new listing agreement?
What Inner West suburbs would you say are still relatively under-valued compared to surrounding areas at present?
What has been your experience in dealing with buyers agents? How does the interaction differ from the experience of the ordinary buyer?
How do you approach the negotiation process with a potential buyer? How should buyers approach sales agents – to get the best outcome?  
What are the top qualities that you look for when hiring sales agents to join your company ?
What is the most rewarding thing about being a sales agent?
Prop tech – and AI – What are you adopting in your business to keep up with technology
What has been your most memorable, interesting or intriguing sale?
What’s your best property tip you can share with our audience?
Feel free join in to our podcast by asking your questions live on the Propertybuyer website by clicking on the speak pipe button. 
www.propertybuyer.com.au/podcast
 
 
 

Episode #68 Decoding Sydney’s North Shore Market – Outlook and Opportunities.

🎙️ Podcast Episode #68: In this episode of the Propertybuyer Podcast, we delve into the highly sought-after market of Sydney’s Upper and Lower North Shore. Renowned for its picturesque streets, exclusive schools, and luxurious residences, this area presents unique challenges and opportunities for buyers and sellers alike.
Joining us today is Matthew Bourn, Managing Director of McConnell Bourn, to provide invaluable insights into the North Shore market. From trends and demographics to pricing and negotiation strategies, Matthew shares his expertise to help listeners navigate this competitive landscape.
🌟 Special Guest: Matthew Bourn, Managing Director McConnell Bourn
🔍 Podcast Topic: Decoding Sydney’s North Shore Market – Outlook and Opportunities
Key Discussion Points:
Introduction to Real Estate: Matthew shares his journey into real estate and reflects on his first job in the industry.
Coverage Areas: Exploring the suburbs covered by McConnell Bourn and the size of their dedicated team.
Defining Features of the Market: What makes the Upper and Lower North Shore property market unique?
Market Overview (2023): Matthew provides insights into the state of the property market in the previous year.
Outlook for 2024: Predictions for the upcoming year and potential factors influencing vendors' decisions to list.
Buyer Trends and Challenges: What trends are emerging, and what factors are hindering buyers in the North Shore market?
Demand and Property Types: Matthew discusses the types of properties most in demand and their respective price ranges.
Buyer Demographics: Insights into the types and origins of buyers entering the North Shore market.
Pricing and Value Estimation: Understanding pricing dynamics and how value is estimated for vendors.
Under-Valued Suburbs: Identifying suburbs that may be undervalued compared to surrounding areas.
Dealing with Buyers Agents: Matthew shares his experiences and interactions with buyers agents.
Negotiation Strategies: Tips for buyers approaching sales agents to achieve the best outcomes.
Rewards of Sales Agent: The most rewarding aspects of being a sales agent in the North Shore market.
Prop Tech and AI: Adoption of technology in real estate and its impact on business operations.
Memorable Sales Experiences: Matthew recounts memorable sales experiences from his career.
Best Property Tip: Matthew shares his best property tip for listeners looking to navigate the North Shore market successfully.
Tune in to gain invaluable insights and strategies for navigating Sydney’s prestigious North Shore property market. Don't miss out on expert advice from Matthew Bourn, exclusively on the Propertybuyer Podcast!
Stay tuned for more episodes packed with industry insights, expert interviews, and actionable tips for property buyers and sellers. 🏡✨

Episode #67 Home Buying in the Eastern Suburbs – A personal journey with Munro Donen

Welcome to our next edition of the Propertybuyer Podcast! Today, we embark on an enlightening journey into the world of home buying, particularly in the coveted Eastern suburbs. Ever wondered how a seasoned buyers' agent approaches the daunting task of purchasing their own home? Join us as we unravel the strategies and tricks employed to navigate the competitive Eastern Suburbs market, all while sidestepping the emotional roller-coaster that often accompanies such endeavors.
And who better to guide us through this journey than one of our own Directors, Munro Donen, Buyers Advocate and Principal of Propertybuyer East. Munro recently secured his own piece of paradise in Sydney's East, and today, he generously shares his insights, market outlook, negotiation tactics, and invaluable tips for aspiring buyers.
Thought of the Week:
Before we dive into Munro's personal journey, let's kick things off with our traditional Thought of the Week. Zig Ziglar once said, “People often say that motivation doesn’t last. Well, neither does bathing. That’s why we recommend it daily.” Munro, what are your thoughts on this quote and how do you apply it to your life?
Podcast Topic – Home Buying in the Eastern Suburbs – A Personal Journey
1. Munro's Background:
Munro, let's start at the beginning. How did you first get interested in real estate, and what was your initial foray into the industry?
2. Choosing the Path of a Buyers Agent:
What led you to become a Buyers Agent? Was there a particular moment or realization that shaped this decision?
3. Coverage Areas:
Munro, could you share with our listeners which parts of the East you cover in your role as a Buyers Advocate?
4. The Satisfying Parts of the Role:
What, in your opinion, is the most satisfying aspect of being a Buyers Advocate and Principal?
5. Market Conditions - Past Year:
The Eastern Suburbs is renowned for its competitiveness. How would you describe the market conditions in Sydney's East over the past year?
6. Outlook for 2024:
Looking ahead, what is your outlook for the Eastern Suburbs property market in 2024?
7. Munro's Personal Home Purchase:
Now, let's delve into your personal story. What was your budget, and what were you looking for in your own home?
8. Motivation for Moving:
What motivated your decision to move, and were there specific features or aspects you were keen on in your new property?
9. Finding the Right Property:
How did you go about finding the perfect property for yourself?
10. Emotions in Check: - Buying a home can be emotionally charged. Did you find it to be a roller-coaster of emotions, or were you able to keep your feelings in check?
11. Avoiding Over-Payment: - How did you ensure you didn't over-pay for the chosen property once you found the right one?
12. Negotiation Strategy: - Did you employ a specific negotiation strategy, and if so, what was it?
13. Lessons Learned: - Reflecting on the experience, what valuable lessons did you learn from the entire home-buying process?
14. Starting the Search Process: - For aspiring buyers in the Eastern suburbs, how would you recommend they begin the search process?
15. Common Buyer Mistakes: - What are some common mistakes you've observed buyers making in the property market?
16. Advantage of Buyers Agent in the East: - Munro, in your opinion, what would be the advantage of using a Buyers Agent when purchasing property in the Eastern suburbs?
17. Best Investment Advice: - And finally, could you share with us the best piece of investment advice you've ever received?
 

Episode #66 Economic and Property Market Outlook 2024 With Paul Bloxham – HSBC Chief Economist.

In Episode #66, we dive deep into the Economic and Property Market Outlook for 2024 with none other than Paul Bloxham, the Chief Economist at HSBC. With 2023 posing significant challenges for mortgage holders due to rapid interest rate hikes and the cash rate settling at 4.35%, the uncertainties ahead have left experts and economists with divergent opinions on what lies in store for 2024.
As consumers grapple with the impact of rising costs and conflicting predictions of a potential recession, we turn to Paul Bloxham to provide clarity and insights. Paul brings a wealth of expertise to the table, offering a unique perspective on the Australian economy and its resilience amidst global economic shifts.
But before we delve into the economic intricacies, we kick off with our Thought of the Week: "The best time to plant a tree was 20 years ago. The second best time is now." – a Chinese Proverb. What lessons can we draw from this timeless wisdom, and how does it apply to our economic and property decisions today?
Our podcast covers a wide array of pressing questions, including Paul's role at HSBC, the current state of the Australian economy, the impact of immigration on property markets, the aftermath of 13 interest rate rises, and the forecast for major capital city property markets in the next 12 to 24 months.
We explore topics ranging from the structural property supply issue in Australia, the potential rise in forced sellers, to the resilience of the economy against external shocks. Additionally, we scrutinise the government's role during the Covid period and identify sectors vulnerable in the upcoming months.
To gain valuable insights into navigating an extended period of higher interest rates, we conclude with practical advice for average consumers and home buyers.
Join us as we unpack the Economic and Property Market Outlook for 2024 with Paul Bloxham – HSBC Chief Economist. Welcome to an episode filled with knowledge, analysis, and invaluable perspectives that will empower you in the ever-evolving world of real estate and economics.
Enhance your podcast experience by actively engaging with our content! Click the Speak Pipe link on the Propertybuyer website below to join in. Share your burning questions with our experts, and in the next edition, we'll provide answers that matter to you. Don't miss out on this unique opportunity to be part of the conversation and shape the direction of our future episodes. Your voice matters, and we're here to address the topics that resonate with our audience. Join us through the Speak Pipe link, and let's make this podcast journey even more interactive and engaging together!
https://www.propertybuyer.com.au/podcasts
 

Episode #65 Sydney’s Luxury Property Market Insights

Welcome to the Propertybuyer Podcast – Unveiling Sydney's Luxury Real Estate World with Darren Curtis of Christies International
Welcome to our next edition of the Propertybuyer Podcast, where we delve into the captivating realm of Sydney's luxury property market. Nestled amidst iconic landscapes and prestigious neighbourhoods, Sydney boasts some of the finest real estate in the world. Picture the allure of Point Piper, Rose Bay, Double Bay, or Vaucluse, where expansive waterfront mansions command breathtaking views of the Opera House and Sydney Harbour Bridge. Imagine the allure of Mosman and Cremorne, with cityscape vistas, or the elegance of Balmoral slopes offering panoramic views stretching to the Heads. And then there are the sprawling estates on the Lower and Upper North Shore, from the leafy suburbs of Roseville and Lindfield to the opulent precincts of Wahroonga and Warrawee, surrounded by renowned private schools.
These areas embody the essence of real estate dreams, but in such exclusive markets, discovering hidden gems and seizing the best opportunities is a pursuit that demands expertise. What do luxury buyers truly desire, and from which corners of the globe do they emerge? What is the current state of the top-end market, and how can one navigate these tightly held enclaves?
To unravel the mysteries of prestige real estate, we are joined today by a distinguished guest, Darren Curtis from Christies International. With a wealth of experience and insights, Darren is poised to provide timely perspectives on the ever-evolving world of luxury property.
Questions that we will cover in this Episode
Podcast Topic – Sydney’s Luxury Property Market Insights:
Darren Curtis, Christies International:
Introduction to Darren:
"Darren, can you share what inspired you to enter the real estate realm? How long have you been in the industry, and what was your inaugural role?"
Christies International's Position:
"Currently at Christies International, and working closely with Ken Jacobs, could you shed light on Christie's position in the Australian Real Estate Market?"
Coverage and Demographics:
"What suburbs and areas do you consistently cover? How would you describe the amenity and demographics of those areas?"
Prestige Market Categories:
"In terms of price bands, how do you categorize the prestige market? Do you have specific terms like luxury, prime luxury, super luxury, and ultra prime?"
Reflection on 2023:
"Reflecting on 2023, what were the major influencers in the market, especially at the top end? How would you summarize the year?"
Predictions for 2024:
"Looking ahead to 2024, what are your expectations and predictions for the property market?"
Luxury Buyers' Approach:
"Could you elaborate on how luxury buyers approach the real estate game? What key features are they typically looking for?"
Expats and Foreign Buyers:
"Dealing with expats and foreign buyers, could you share insights into their preferences? How do you guide someone unfamiliar with the Australian market?"
Trends in Eastern Suburbs:
"What trends are emerging in the Eastern suburbs market? What types of buyers and properties are in high demand?"
Setting Realistic Prices:
"When listing a property, how do you determine a realistic and relevant price in the current market?"
Off-Market Sales:
"Off-market sales are prevalent. What are the advantages and disadvantages of this approach for both buyers and sellers?"
Vendor Hesitations:
"What factors are holding vendors back from listing properties? Are these reasons rational?"
Buyer Reservations:
"Similarly, what impediments do buyers face? What might be causing hesitation in the purchasing process?"
Negotiation Dynamics:
"How do you approach the negotiation process with potential buyers? Any advice for buyers dealing with sales agents?"
Memorable Sale:
"Reflecting on your career, what has been your most memorable, interesting, or intriguing sale?"
Darren's Property Experience:
"Can you share your personal experience in buying property? Are you an active property investor yourself?"
Best Investment Advice:
"Finally, what is the best piece of investment advice you've ever received?"

Episode #64 Economic Recession or Recovery - What’s next? Dr Shane Oliver – AMP Chief Economist

Welcome to Propertybuyer Podcast Episode #64: Economic Recession or Recovery - What’s next? 
In this week's edition, we delve deep into the heart of economic uncertainty with the seasoned insights of Dr. Shane Oliver, Chief Economist at AMP. Shane, a maestro in deciphering economic intricacies, joins us to navigate the aftermath of 13 interest rate hikes and the polarising predictions of recession versus resilience in the property market.
Key Questions & Insights:- How does Shane's economic assessment influence AMP's operations?- Uncover the driving force behind Shane's passion for economics.- The Australian economy in Nov 2023: Shane's descriptors and predictions.- The impact of 13 rapid interest rate hikes on the average consumer.- Forecasting the property market in major cities for the next 12-24 months.- The risk of forced sellers and potential recession in 2024.- Australia's resilience to external shocks and the aftermath of COVID stimulus.- Identifying vulnerable sectors and preparing for higher interest rates.- Unveiling opportunities for property investors in challenging times.
 
🤔 Thought of the Week:** "Believe you can and you’re halfway there." - Theodore Roosevelt. 
🎙️ Join us for a riveting discussion with Shane Oliver as we unravel the complexities of the economy, decode market trends, and equip you for the uncertain future! 
 

Episode #63 Using Data & AI for Better Property Decisions

Dive into the future of property investment with an electrifying episode of the Propertybuyer Podcast!
In this edition, we unravel the mysteries of utilising Data and Artificial Intelligence to elevate your property decisions. The real estate landscape is evolving, and we're here to guide you through the maze of information overload.
Joining us is none other than Luke Metcalfe, the maestro of data science and the visionary Founder of MICROBURBS. With Luke at the helm, we're set to demystify the enigmatic world of data and explore its pivotal role in shaping the present and future of property investments.
 
But before we delve into the data-driven universe, we kick off with our traditional Thought of the Week:
“Life is 10% what happens to me and 90% of how I react to it.” – Charles Swindoll
 
Get ready for a mind-expanding conversation as Luke Metcalfe shares his insights, wisdom, and the secrets of leveraging data for property success. We're about to turn the tables on conventional thinking and unveil the keys to deciphering the intricate dance of numbers in the real estate arena.
 
🔍 Key Topics and Questions 🔍
Luke's Fascination with Property Data:
What sparked Luke's interest in the property market, and why is he so captivated by property data?
The Microburbs Revolution:
Discover the genesis of MICROBURBS and the invaluable services and benefits it brings to the table.
Navigating Data Overload:
Addressing the skepticism around data analysts and the challenge of navigating through a sea of information.
Capital Growth Chronicles:
Luke's firsthand experience in decoding the primary drivers of capital growth and the pitfalls to avoid.
Suburb Median Myths:
Is median price a true measure of a suburb's property market? Luke Metcalfe weighs in on this often-misunderstood metric.
Supply and Demand Dynamics:
Uncover the secrets to measuring property supply and how savvy investors can avoid the perils of oversupply.
The COVID Effect:
Explore the lasting impacts of COVID-19 on the property market and the changes it has etched into the real estate landscape.
Looking Ahead to 2024:
Luke's crystal ball perspective on the property market's outlook in 2024.
Luke's Property Journey:
Luke Metcalfe shares his best property investment and imparts a golden nugget of wisdom for our audience.
Tune in for an eye-opening episode filled with practical tips, futuristic insights, and a deep dive into the world of data-driven property decisions. Luke Metcalfe is about to unlock the doors to a new era of property intelligence – are you ready to step inside? 🚀🏡 #PropertybuyingRevolution #DataDrivenDecisions #MICROBURBSMagic

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