Latest / The Real Estate Show / Mix 106.3's Real Estate Show - 06/06/26
Transcript
- 0:01Speaker 1: Cameron Renee's Real Estate Show on Mix one oh six
- 0:04Speaker 1: point three step into stylish, low maintenance living in Canberra's
- 0:08Speaker 1: Inner North.
- 0:09Speaker 2: To burke by JW.
- 0:10Speaker 3: Land.
- 0:11Speaker 4: We are stoked to bring you another mix onety six
- 0:14Speaker 4: point three Real Estate Show podcast can Well.
- 0:16Speaker 5: As we always mentioned, we love the guests that we
- 0:18Speaker 5: get to introduce you to and hearing what they have
- 0:21Speaker 5: to say, and we had three more special people join
- 0:23Speaker 5: us in the show thanks to JW Land, George Southwell,
- 0:27Speaker 5: old friends CEO at ray White and Yasca. It's a
- 0:30Speaker 5: really good update of the regional area and why people
- 0:34Speaker 5: are coming in from outside of the capital region to
- 0:38Speaker 5: live in Yas and sort of Murrain Bateman Gounder, that
- 0:41Speaker 5: sort of whole area there.
- 0:42Speaker 4: Yes, and there were some interesting references to cars the
- 0:47Speaker 4: Kids movie.
- 0:47Speaker 2: Which we know lots of you know, adults enjoying.
- 0:50Speaker 5: Well directly compared Yas to Radiator Springs.
- 0:54Speaker 4: Exactly, and it's apparently doing really well out there. And
- 0:57Speaker 4: George is such a character so we love having him on.
- 1:00Speaker 4: We also spoke to Chris Scullen, the CEO and co
- 1:03Speaker 4: founder at Lista because Lista is one of three camera
- 1:06Speaker 4: companies nominated for the prop Tech Awards.
- 1:08Speaker 6: Cam.
- 1:09Speaker 5: We have talked about prop tech for the last sort
- 1:11Speaker 5: of six or seven years and how it is a thing,
- 1:12Speaker 5: the prop Tech Association of Australia. We've had those people
- 1:16Speaker 5: who joined us many times as well. And then all
- 1:18Speaker 5: of a sudden we don't have one, not two, but
- 1:20Speaker 5: three of our local startups YEP and prop tech companies
- 1:24Speaker 5: who are part of the awards and vying for a gong.
- 1:27Speaker 4: Yes, and he spoke about each of them and what
- 1:29Speaker 4: they all do, which was awesome. And then we also
- 1:32Speaker 4: invited on Sam McGregor, principal of Windrows Property, to talk
- 1:36Speaker 4: about the latest totality report.
- 1:37Speaker 7: Yeah.
- 1:37Speaker 5: He gave us a really good sort of view overview
- 1:40Speaker 5: of what the national report says as to what's happening
- 1:43Speaker 5: in the local market as well in the conversations that
- 1:46Speaker 5: he's having with other agents and you know, it's navigating
- 1:49Speaker 5: this tricky market at the moment, Yes.
- 1:51Speaker 2: And chats with buyers and sellers and all that that entails.
- 1:54Speaker 5: Okay, So that's what it's a head. If you're listening
- 1:56Speaker 5: to our podcast, we say thank you again and thanks
- 1:58Speaker 5: to JW LAMB. Mix one and six went through well.
- 2:01Speaker 4: Cam, it's been a little while since we've headed just
- 2:04Speaker 4: over the border to get a bit of an update
- 2:06Speaker 4: on what's happening in our rural and regional areas just
- 2:10Speaker 4: around Canberra. So you thought we'd do that this morning
- 2:12Speaker 4: and speak to none other than George Southwell CEO Ray White.
- 2:17Speaker 2: Yes, George, good morning, Good.
- 2:20Speaker 6: Morning, Renee, good morning Cam. How are we Yes, we are.
- 2:23Speaker 2: Great, Thank you so much.
- 2:24Speaker 4: Now, look, it is sort of tricky times at the moment, right,
- 2:27Speaker 4: can you give us a general overview of the Yas
- 2:30Speaker 4: and Rural region real estate market and what's been happening.
- 2:34Speaker 6: Well, I'm going to give you the typical real estate
- 2:37Speaker 6: agent's positive view, Renee. Do it, because that's what we've
- 2:41Speaker 6: got here. In the postcode of two five eight two
- 2:44Speaker 6: and two six one eighth we've had six percent growth
- 2:46Speaker 6: caught on quarter in the ass itself. That's fucking nearly
- 2:49Speaker 6: every trend in Australia apart from Southeast Queensland. And you
- 2:54Speaker 6: know that. You know in cars the movie my favorite movie,
- 2:58Speaker 6: there's lighting McQueen yea Kochow and they're sitting there and
- 3:03Speaker 6: they're like customers, customers, they're coming. Well, you should see
- 3:06Speaker 6: the highway this morning. It's not just long weekend traffic.
- 3:10Speaker 6: They're all coming to our open homes.
- 3:11Speaker 5: Right, Okay, So yes, it's very much comparable to Radiator Springs.
- 3:14Speaker 6: Then it's going to a highway, Highway sixty six, and
- 3:18Speaker 6: now it's going to be amazing Like thirty eight years
- 3:21Speaker 6: ago they went around Yas with the freeway, but they're
- 3:24Speaker 6: coming back into town cam.
- 3:25Speaker 5: So, so what are you putting the let's get serious
- 3:27Speaker 5: for a moment, though, what are you putting that down?
- 3:29Speaker 3: To?
- 3:29Speaker 5: George?
- 3:30Speaker 6: You can still buy a home in yas with four
- 3:34Speaker 6: bedrooms under six hundred and fifty thousand dollars camp When
- 3:37Speaker 6: I when I grew when I grew up out here,
- 3:40Speaker 6: it was like, you know, to get people to come
- 3:41Speaker 6: out and hang out with me on a on a
- 3:43Speaker 6: weekend when we were in high school was like a
- 3:45Speaker 6: big ask. Now they're all moving to gas and going
- 3:47Speaker 6: to Yasboro on a Thursday night. It's wonderful.
- 3:50Speaker 4: Yes, And you're like, Hey, I told you, guys, I
- 3:52Speaker 4: told you all those years ago. Now, George, when you're
- 3:56Speaker 4: chatting with other agents, what's the one sort of recurring
- 3:59Speaker 4: theme that keeps coming up?
- 4:01Speaker 6: Look, price is still a factor. We had growth of
- 4:03Speaker 6: thirty eight percent over the COVID years. It's come back
- 4:06Speaker 6: by about fifteen percent over the last two years is
- 4:11Speaker 6: my numbers, and we've still seen growth of about five
- 4:15Speaker 6: percent per year. So when we're listing property that was
- 4:20Speaker 6: bought during the COVID era, it can be a little
- 4:23Speaker 6: bit of a difficult conversation around price, and that seems
- 4:26Speaker 6: to be a reoccurring theme amongst the agents. But overall,
- 4:31Speaker 6: the theme that is really cool that's starting to start
- 4:34Speaker 6: to come into our market again is people coming from
- 4:37Speaker 6: outside the local region and seeing the value that sounds
- 4:42Speaker 6: like Yaks and Gundaroo and Sutton represent.
- 4:44Speaker 5: Yeah, and that's where I was going as well. You
- 4:46Speaker 5: talk about your locals and local friends sort of you know,
- 4:49Speaker 5: coming out to live in the area. Now there is
- 4:52Speaker 5: definitely interest coming from outside sort of larger cities into
- 4:56Speaker 5: this beautiful regional area that we have.
- 5:00Speaker 6: And you know, our commercial assets are growing in the
- 5:03Speaker 6: ass with the industrial state really getting underway, the Human
- 5:06Speaker 6: Link project, some renewable energy projects, and of course the
- 5:10Speaker 6: upgrading of the freeway, which as I said, is thirty
- 5:12Speaker 6: eight years old, is bringing in that transient workforce as well,
- 5:17Speaker 6: which really underpins our rental market.
- 5:20Speaker 4: Yeah, and is there a particular place you'd like to mention, George, Come.
- 5:23Speaker 7: On, of course, don't.
- 5:28Speaker 6: Yeah, I know, I'll only pick one. Carolyn's Creek two
- 5:31Speaker 6: hundred acres. It is smack bang between Gundarou and Gunning
- 5:36Speaker 6: and you know, when you're done for the day, Rene
- 5:38Speaker 6: and you just don't want to talk to anyone anymore,
- 5:40Speaker 6: you can drive into this two hundred acres. It's got
- 5:43Speaker 6: the most beautiful hand crafted stone home and the view
- 5:47Speaker 6: over the Gundarou Valley. You can actually see Dick Smith's
- 5:51Speaker 6: property from this property and it's like fifteen kiwa. It's incredible,
- 5:55Speaker 6: absolutely incredible.
- 5:56Speaker 5: You have the airport, you'd see the aircraft coming in landing,
- 6:00Speaker 5: no doubt exactly.
- 6:02Speaker 6: And you're only you're only ten minutes from an amazing,
- 6:06Speaker 6: amazing coffee and some banana bread there at the Gunderroo store.
- 6:09Speaker 2: Ah, well, what else do you need? George? Thank you
- 6:12Speaker 2: so much. We love catching up with you as always,
- 6:14Speaker 2: and if it was up to.
- 6:15Speaker 5: Me, we'd been playing Tom Cochran's Life is a Highway
- 6:18Speaker 5: right now.
- 6:18Speaker 6: Georgia, Well, well, Cam you need to elevate yourself in
- 6:22Speaker 6: that business so that we can make these decisions.
- 6:23Speaker 4: Forge yes, indeed, indeed, George, thanks so much.
- 6:27Speaker 2: We'll leave you to it. Have a great weekend, long weekend.
- 6:29Speaker 6: Thanksam, Thanks for no cheers.
- 6:31Speaker 2: George Southwell from Ray White. Yes, they're giving us a
- 6:34Speaker 2: bit of a rural update, which we love.
- 6:36Speaker 5: Well.
- 6:36Speaker 4: Can we know that Canberra punches above its weight when
- 6:39Speaker 4: it comes to all sorts of real estate innovation, whether
- 6:42Speaker 4: it be you know, sustainability or technology or whatever it is.
- 6:45Speaker 4: This is true, yes, and so that we've got three
- 6:47Speaker 4: Canberra companies doing as proud because they've been nominated for
- 6:50Speaker 4: the twenty twenty six prop Tech of the Year Awards,
- 6:53Speaker 4: which is awesome.
- 6:53Speaker 5: I just love this. We've been speaking to the prop
- 6:55Speaker 5: Tech Association for years now and we love all the
- 7:00Speaker 5: innovation that we get to hear about. And look, I'll
- 7:02Speaker 5: be corrected if I'm wrong here, and I'm probably am.
- 7:05Speaker 5: I don't think in the past since we've been speaking
- 7:08Speaker 5: to the prop Tech Association that we've had any camera
- 7:12Speaker 5: companies in the awards.
- 7:14Speaker 2: We'll have to check. Our next guest might know the
- 7:16Speaker 2: answer to that.
- 7:17Speaker 6: Moment.
- 7:18Speaker 4: LISTA is one of those three local finalists. Chris Gullen
- 7:22Speaker 4: is the CEO and co founder. Chris Good morning.
- 7:26Speaker 7: Yeah, good morning guys.
- 7:27Speaker 4: Do you know if this is the first time we've
- 7:29Speaker 4: had local finalists or have we had that before.
- 7:32Speaker 7: I don't.
- 7:33Speaker 8: I think we've had a local finalist previously. This is
- 7:36Speaker 8: the first time we've had three local companies, which is
- 7:40Speaker 8: super exciting.
- 7:40Speaker 5: Okay, we'll take that as a first for sure.
- 7:42Speaker 2: Yes, that's really Yeah, it's super impressive.
- 7:45Speaker 4: And for those who don't know, Chris, what are the
- 7:48Speaker 4: prop Tech Awards?
- 7:50Speaker 8: So the pop Tech Awards are basically the Property Technology Awards.
- 7:53Speaker 8: They're a national award. They're run by pop Tech Australia.
- 7:56Speaker 8: This is the sixth year.
- 7:57Speaker 7: They have about thirty five awards that they.
- 8:00Speaker 3: Give away and they cover really companies that.
- 8:03Speaker 8: Are looking to improve real estate, property management, property transactions, building.
- 8:07Speaker 7: Management, marketing and sales.
- 8:09Speaker 8: So they cover a full property spectrum and they cover startups,
- 8:12Speaker 8: scale ups, established suppliers and leaders and teams. So yeah,
- 8:18Speaker 8: they kind of cover everything. And it's a pretty big
- 8:20Speaker 8: deal because it's a national stage for these three local
- 8:23Speaker 8: companies to be on, which is awesome and we're excited
- 8:25Speaker 8: to be a part of it.
- 8:26Speaker 5: Okay, And so before we get to list, which are
- 8:28Speaker 5: the other two local companies that are being nominated and
- 8:31Speaker 5: what do they do.
- 8:32Speaker 8: Yeah, So there are the two others, ox Rooms and
- 8:36Speaker 8: arc Site. So ox Rooms is like in the property
- 8:38Speaker 8: transaction exchange space, so when you go see it's the
- 8:41Speaker 8: listener all the documents and everything that are happening there,
- 8:44Speaker 8: so you're conveyancing activities. Ox Rooms have built this really
- 8:47Speaker 8: cool product that works in that space, making it all
- 8:50Speaker 8: really secure, our safe assisting with collaboration. Arc Site is
- 8:55Speaker 8: more in the building management space, so they've built a
- 8:57Speaker 8: really cool platform to help with dryer complexes with their
- 9:01Speaker 8: maintenance records, compliance documents, defect management. So if you've got
- 9:04Speaker 8: a startup manager and they're not keeping our top of things,
- 9:07Speaker 8: ark Site is a really great tool that will keep
- 9:10Speaker 8: them accountable as well. So yeah, it's really really cool.
- 9:12Speaker 8: We're all competing in different categories, which is also great.
- 9:14Speaker 8: We're not competing against each other.
- 9:16Speaker 2: Yeah, okay, that is awesome.
- 9:17Speaker 4: And Chris, now to you remind us of what you
- 9:21Speaker 4: guys offer at least and how it's all going.
- 9:24Speaker 3: Yeah, Soster, we've been knowing for a bit over a year.
- 9:27Speaker 8: In Camera we offer a different way to do sales transactions.
- 9:31Speaker 8: So we're a fully licensed agent, but we've built a
- 9:33Speaker 8: tech platform that supports people through the ail process, and as.
- 9:37Speaker 7: A result, we're kind of not in that DOI.
- 9:39Speaker 8: Space, but we're in that middle space, almost like a
- 9:42Speaker 8: hybrid between a full agency service and DII service to
- 9:46Speaker 8: sell your property. Because we've built this really cool tech platform,
- 9:50Speaker 8: we're able to sell properties faster, we're getting better results
- 9:54Speaker 8: than traditional agents, we're getting really good reviews, and it's really.
- 9:59Speaker 3: All coming together nicely.
- 10:00Speaker 8: So yeah, happy to keep going and keep seeing where
- 10:04Speaker 8: it goes from a list of perspective, but excited to
- 10:07Speaker 8: be part of these awards.
- 10:08Speaker 5: I was going to say it must be super exciting
- 10:10Speaker 5: to be nominated on the national stage.
- 10:14Speaker 3: Yeah, it's the first for us, and being only a year.
- 10:16Speaker 8: Old, it is really exciting. And we're in a category
- 10:20Speaker 8: which is sort of the sales and marketing category, So
- 10:22Speaker 8: we're competing against a lot of platforms that have built
- 10:25Speaker 8: tech purely to support real estate agents in the work
- 10:27Speaker 8: we're doing, whereas we're kind of on the other side
- 10:30Speaker 8: where we're supporting the buyers and sellers in the transactions
- 10:32Speaker 8: that they need to do. So it's an interesting position
- 10:36Speaker 8: to be and where we're sort of taking on the
- 10:37Speaker 8: real estate industry.
- 10:39Speaker 3: You know, there's fantastic there's fantastic.
- 10:41Speaker 8: Agents out there, but sometimes in particularly in a market
- 10:44Speaker 8: like we've got at the moment, you know, you can
- 10:46Speaker 8: save a lot of money by using something like Lister,
- 10:49Speaker 8: where our fee at the moment is at five and
- 10:51Speaker 8: a half grand fixed commission, which is a big difference
- 10:53Speaker 8: to a traditional agent. But we're sharing the worklate with
- 10:57Speaker 8: the sellers, which is where we can deliver a more s.
- 11:01Speaker 5: Yeah.
- 11:01Speaker 4: Well, it's so good that all you guys you know
- 11:04Speaker 4: of representing us, which is fantastic, and Chris, we look
- 11:06Speaker 4: forward to hearing how it all goes in July.
- 11:09Speaker 2: Thank you so much and congrats again, no worries.
- 11:12Speaker 8: Will keep you guys posted and updated on how we go.
- 11:14Speaker 8: And good luck to offs rooms at our side as well.
- 11:17Speaker 2: Yes, please do.
- 11:18Speaker 4: Thank you so much. That's Chris Gullen, CEO and co
- 11:21Speaker 4: founder at List. The awards are in Sydney on Thursday,
- 11:24Speaker 4: the second of July, so fingers Cross will wait and
- 11:27Speaker 4: see what happens. Well, KEM about once a month or
- 11:30Speaker 4: so we like to get the local lens on the
- 11:33Speaker 4: National Totality Home Value Index report and find out what
- 11:37Speaker 4: it means for us. Here and Sam McGregor is the
- 11:40Speaker 4: principal at Winrows Property. We love that he does this
- 11:42Speaker 4: for us.
- 11:43Speaker 2: Sam, Good morning, goodnight, How are you?
- 11:45Speaker 6: Yes, good, thank you.
- 11:46Speaker 2: Now look here we are again tell us.
- 11:49Speaker 4: Can you give us an overview of the camera market
- 11:51Speaker 4: that we're seen in this report?
- 11:53Speaker 9: Yeah, certainly can pretty simple one. This month, actually, Renee,
- 11:57Speaker 9: we saw values dip by zero point two percent, with
- 12:01Speaker 9: an average price of about eight ninety in camera, So
- 12:05Speaker 9: nothing huge, nothing significant, but yeah, it's certainly not red hot.
- 12:10Speaker 5: It's a massively tricky market at the moment, and conversations
- 12:14Speaker 5: that I'm having with a whole bunch of agents and
- 12:16Speaker 5: you can either sort of say, if this is what
- 12:17Speaker 5: you're experiencing as well, anything up to a million dollars
- 12:20Speaker 5: is sort of a reasonably quick sale. Between a million
- 12:24Speaker 5: and two is a bit more tricky, and than anything
- 12:26Speaker 5: over two million is.
- 12:27Speaker 2: Very very tricky.
- 12:28Speaker 5: Of course, the real estate has been disrupted over the
- 12:32Speaker 5: last four weeks or so, and you've said in your
- 12:35Speaker 5: press release here that the announcement made a few weeks
- 12:40Speaker 5: ago was killing confidence in the market.
- 12:43Speaker 7: Is that.
- 12:45Speaker 5: What you're experiencing?
- 12:47Speaker 7: Damn, yeah, I.
- 12:49Speaker 9: Yes, that's what I'm experiencing across the board do all
- 12:51Speaker 9: things you just said. So the bracket thing is really important,
- 12:54Speaker 9: as in up to a million bucks still moving very well.
- 12:57Speaker 9: It's traditionally first home by a territory. But I would
- 13:00Speaker 9: say is that edge has probably come off a bit
- 13:02Speaker 9: between maybe nine to fifty on a million because movement
- 13:06Speaker 9: in interest rates is meant that buying capacity is a
- 13:08Speaker 9: bit limited for those buyers in that sort.
- 13:11Speaker 7: Of middal bracket. It's really interesting market.
- 13:14Speaker 9: We're meeting a lot of people that are out buying
- 13:16Speaker 9: houses sort of in that one to two million, you know,
- 13:18Speaker 9: one point five ish, and there's actually a lot of
- 13:20Speaker 9: houses transacting, but it doesn't look like it on flace
- 13:23Speaker 9: thet there's not a lot of people at open homes,
- 13:24Speaker 9: there's not a lot of people out window shopping, but
- 13:27Speaker 9: there are a lot of deals being done privately and
- 13:29Speaker 9: you know.
- 13:29Speaker 3: Off market kind of thing.
- 13:31Speaker 9: But then with regards to confidence generally, yeah, you're exactly right.
- 13:35Speaker 7: What I'm seeing and.
- 13:37Speaker 9: The conversations that I'm having with people is it's probably
- 13:39Speaker 9: not a great time to buy an investment, probably obviously,
- 13:42Speaker 9: because there's just not a lot of confidence that what
- 13:45Speaker 9: the next eighty months two years looks like in terms
- 13:48Speaker 9: of housing policy. But I am seeing a lot of
- 13:51Speaker 9: people thinking it's a great time to upsize because of
- 13:53Speaker 9: going on. If it's a bad time to spend my
- 13:55Speaker 9: money buying an investment, it's probably a great time to
- 13:57Speaker 9: put in your bathroom in or by a big house.
- 14:00Speaker 2: Okay.
- 14:01Speaker 4: And so are people like a prospective buyers coming to
- 14:04Speaker 4: you and having these conversations with you about you know,
- 14:07Speaker 4: what should I do?
- 14:09Speaker 9: Yeah, look at something that I'm having a comments multiple
- 14:12Speaker 9: times a day, and it's less probably what should I do.
- 14:15Speaker 7: And more what do you think is going on? And
- 14:19Speaker 7: you know, buyers will always.
- 14:20Speaker 9: Have their own opinion and as will vendors about what
- 14:23Speaker 9: the market is doing and what they're seeing.
- 14:26Speaker 3: But I think the pain point for.
- 14:28Speaker 9: Most people buying and selling at the moment is that
- 14:31Speaker 9: whether they've got a really firm view or absolutely no
- 14:34Speaker 9: view at all, there's no like middle ground.
- 14:37Speaker 7: I'll try and work it out.
- 14:38Speaker 9: It's either people saying to me, I can tell the
- 14:40Speaker 9: market is absolutely terrible, so I'm going to go and
- 14:42Speaker 9: snap up a bargain, and it's definitely not right, you know,
- 14:45Speaker 9: I zero point two percent reduction in prices doesn't mean
- 14:48Speaker 9: that there's bargains to be had here, down everywhere, or
- 14:52Speaker 9: it's the ultimate, which is this is an absolutely terrible
- 14:54Speaker 9: time to buy, so I want, which is also not
- 14:56Speaker 9: true because again I think probably you know, the way
- 14:59Speaker 9: that I put it when we put that release out
- 15:02Speaker 9: is that it is just still a tug between buyers
- 15:04Speaker 9: and sellers, and zero point two percent negative growth. It
- 15:09Speaker 9: shows that we're kind of stuck right in the middle,
- 15:11Speaker 9: which means it's a pretty functional market, even though it's
- 15:13Speaker 9: a little bit scary.
- 15:14Speaker 5: All right, Well, all those details are listed on your
- 15:16Speaker 5: website before you let you go. We know you have
- 15:18Speaker 5: a number of listings that you'll be doing opens today.
- 15:21Speaker 5: Is there one special one that you can quickly mention?
- 15:25Speaker 9: My favorite house I'm showing at the moment, I have
- 15:27Speaker 9: to say nineteen Governor Drive in more embatement. It is
- 15:30Speaker 9: an absolutely phenomenally gorgeous house. It's a resort style home,
- 15:34Speaker 9: big beautiful swimming pool, the best shit I've ever seen,
- 15:36Speaker 9: and it's one that's getting a lot of attention because
- 15:39Speaker 9: it's absolutly stunning.
- 15:41Speaker 4: Okay, okay, well I'm going to quickly google that and
- 15:43Speaker 4: I can confirm that she's going to do that because
- 15:46Speaker 4: I was writing the address down as your talking.
- 15:50Speaker 2: I'm too much of a sticky beak. I can't help myself.
- 15:52Speaker 4: Sam, thank you so much for sharing all of that
- 15:55Speaker 4: with us this morning, and we'll speak to you again
- 15:57Speaker 4: in another few weeks.
- 15:59Speaker 3: Thanks to you both.
- 16:00Speaker 7: Have a good weekend.
- 16:01Speaker 2: You are Sam McGregor, principal at Windrows Property.
- 16:04Speaker 5: Well those are the interviews we most enjoyed in last
- 16:07Speaker 5: week's Mix one O six point three real Estate Show.
- 16:09Speaker 5: If you love hearing about the latest trends, or you're
- 16:12Speaker 5: just up for a sticky beak, be sure to drop
- 16:14Speaker 5: by for a listen this Saturday between nine and ten
- 16:17Speaker 5: Cam and
- 16:18Speaker 1: Rene's Real Estate Show on Mix one O six point
- 16:21Speaker 1: three