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Mix 106.3's Real Estate Show - 24/10/26 · The Real Estate Show

• 0:00
  Speaker 1: Cam and Renee's Real Estate Show on Mix 106.3. Step
• 0:05
  Speaker 1: into stylish, low-maintenance living in Canberra's inner north. It's a
• 0:09
  Speaker 1: burg by JW Land.
• 0:11
  Speaker 2: Well, Cam, we really enjoyed the latest instalment of the
• 0:14
  Speaker 2: Mix 106.3 Real Estate Show, and now it's time for
• 0:17
  Speaker 2: the podcast.
• 0:17
  Speaker 3: Michael Yardney, CEO of Metropole Property Strategists, joined us and
• 0:21
  Speaker 3: we asked the question, is now the time to buy?
• 0:24
  Speaker 3: Just with all the sort of unrest perceived or not
• 0:27
  Speaker 3: that's happening at the moment. And he gave us a
• 0:30
  Speaker 3: really good sort of market overview, didn't he?
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  Speaker 4: He did.
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  Speaker 2: Some really good advice. We love having a chat to
• 0:34
  Speaker 2: Michael and catching up with him. We also asked the
• 0:37
  Speaker 2: question of a local real estate agent, what is a
• 0:40
  Speaker 2: pole house? Now, I'd never heard of these before, Kemp.
• 0:43
  Speaker 3: Either had I, except I went to go to record
• 0:46
  Speaker 3: one with Zango.
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  Speaker 5: Yep.
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  Speaker 3: And so these incredible, it's almost like.
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  Speaker 6: A tree house.
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  Speaker 7: Yes, a real life tree house.
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  Speaker 3: The whole house was built around these incredibly big treated
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  Speaker 3: poles that you know, embedded into the ground, clearly, and
• 1:00
  Speaker 3: they go up and it's sort of built around. This
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  Speaker 3: one that I went into had about four different levels.
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  Speaker 6: It was insane.
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  Speaker 2: Yeah, it is like actually a real-life treehouse. You've really
• 1:07
  Speaker 2: got to check it out.
• 1:08
  Speaker 1: It's awesome.
• 1:09
  Speaker 2: We also caught up with Peggy McAllister from MyAgent. She's
• 1:12
  Speaker 2: our South Coast... property guru, and so she gave us
• 1:15
  Speaker 2: a bit of an update on what's tracking with the
• 1:17
  Speaker 2: property market there.
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  Speaker 3: Yeah, where people are coming in from, of course, are
• 1:20
  Speaker 3: the Maria Medical Centre. That's a big attraction and bringing
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  Speaker 3: people into the area.
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  Speaker 1: Yep.
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  Speaker 3: Locals moving in and around and people coming from outside
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  Speaker 3: as well.
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  Speaker 2: So quite busy by the sounds of it.
• 1:30
  Speaker 3: Okay, that is the Mix 106.3 Real Estate Show. We
• 1:33
  Speaker 3: get to relive it through the podcast, and before we
• 1:35
  Speaker 3: get to it all, let's do this. Mix 106.3's Property
• 1:39
  Speaker 3: Tip of the Week, brought to you by Lister.
• 1:41
  Speaker 1: Every buyer is asking the same question.
• 1:44
  Speaker 2: Why this home over the next one? Great photos, smart
• 1:47
  Speaker 2: pricing and strong presentation help answer that before they even inspect.
• 1:51
  Speaker 7: This tip was.
• 1:52
  Speaker 6: Brought to you by Lister.
• 1:53
  Speaker 2: Well, Cam, we've been hearing lots lately about property values
• 1:57
  Speaker 2: continuing to soften around the country on this show and
• 2:01
  Speaker 2: all elsewhere and other media everywhere. And the Reserve Bank
• 2:04
  Speaker 2: meets again on Cup Day. There's been talk, recent talk
• 2:07
  Speaker 2: around another possible rate rise there as well. So what
• 2:11
  Speaker 2: does this mean for our housing markets? And if you
• 2:13
  Speaker 2: are looking to move house to buy, sell, you know,
• 2:16
  Speaker 2: is it a good time? Is it not a good time?
• 2:19
  Speaker 2: Michael Yardney is CEO of Metropole Property Strategists. Hopefully he
• 2:22
  Speaker 2: can answer those questions for us.
• 2:24
  Speaker 1: Michael, good morning.
• 2:25
  Speaker 6: Good morning, Renee.
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  Speaker 2: Now, just firstly, what do you think the Reserve Bank
• 2:29
  Speaker 2: will do at its next meeting?
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  Speaker 4: Deputy Reserve Bank Commissioner Andrew Houser said inflation outlook looks maturely.
• 2:41
  Speaker 6: Worse than the RBA forecast in August. So it scared
• 2:44
  Speaker 6: the market.
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  Speaker 4: I guess the next CPI figures, Renee, which are coming
• 2:48
  Speaker 4: out this coming week, are going to affect the Reserve
• 2:51
  Speaker 4: Bank's decision. But many economists believe these figures are going
• 2:55
  Speaker 4: to show inflation is higher than many expected. Now, that
• 3:01
  Speaker 4: means that the interest rate rises they've already got. given
• 3:04
  Speaker 4: just aren't working. However, they're talking about another interest rate rise,
• 3:08
  Speaker 4: which is going to hit mortgage holders and everyone. At
• 3:12
  Speaker 4: the moment, Westpac, ANZ, the two big banks believe there's
• 3:16
  Speaker 4: going to be an interest rate rise. National Australia, Commonwealth
• 3:19
  Speaker 4: Bank and the AMP expect the Reserve Bank to remain
• 3:23
  Speaker 4: on hold. So no one's really.
• 3:26
  Speaker 6: Sure what's going to happen.
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  Speaker 4: I hope they're going to just be sensible and wait
• 3:31
  Speaker 4: to see what's happening.
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  Speaker 6: But the Reserve Bank is warning us that.
• 3:36
  Speaker 4: Yes, there could be another interest rate rise. And very
• 3:39
  Speaker 4: few of us want it.
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  Speaker 6: No one really wants that, do we? No, absolutely not, Michael.
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  Speaker 3: Last interest rate rise, when that was announced, there were
• 3:47
  Speaker 3: a number of high-profile real estate commentators who went ballistic
• 3:52
  Speaker 3: in the media. They lost it, essentially. What are they
• 3:56
  Speaker 3: going to do if we get another one?
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  Speaker 4: Well, there was one forecast by a very prominent economist
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  Speaker 4: this week suggesting the house falls up to 40%. The
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  Speaker 4: media loves those sorts of stories. That particular commentator, who
• 4:14
  Speaker 4: I used to have a lot of respect for in
• 4:16
  Speaker 4: the past, has been prosecuted. proven wrong again and again.
• 4:20
  Speaker 4: What's underpinning property values? What's going to stop them falling
• 4:23
  Speaker 4: significantly is the fact that we still need accommodation. It's
• 4:28
  Speaker 4: going to keep costing more to build. Building costs have
• 4:32
  Speaker 4: gone up. There's just not enough housing and people are
• 4:36
  Speaker 4: still getting on with their lives. Problem, of course, is
• 4:39
  Speaker 4: that fewer properties are coming up for sale. People who
• 4:42
  Speaker 4: don't need to move are just sitting on the sidelines
• 4:45
  Speaker 4: at the moment. But I bet you there's going to
• 4:47
  Speaker 4: be a lot more media speculation.
• 4:49
  Speaker 6: The media loves those sort of headlines, Cam.
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  Speaker 5: Yeah, absolutely.
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  Speaker 2: And Michael, what would you advise someone who is looking
• 4:56
  Speaker 2: to buy at the moment if they are feeling worried
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  Speaker 2: like lots of people seem to be?
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  Speaker 4: Well, I can understand why homebuyers are reluctant to purchase
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  Speaker 4: at the moment, Renee. If they listen to the media,
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  Speaker 4: like we were just saying, they're talking about.
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  Speaker 6: Catching a falling knife. However, I have no doubt that.
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  Speaker 4: Anyone who buys in today's market is going to look
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  Speaker 4: back in five.
• 5:15
  Speaker 6: Years' time and say, boy, that was.
• 5:17
  Speaker 4: Cheap, just like they did when we spoke about all
• 5:19
  Speaker 4: this over COVID five, six years ago, like in the
• 5:23
  Speaker 4: 2017-18 downturn during the.
• 5:25
  Speaker 6: Global financial crisis.
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  Speaker 4: But I think especially for first-home.
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  Speaker 6: Buyers is overstretching themselves.
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  Speaker 4: I think it's a bigger danger than sort of trying
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  Speaker 4: to time the bottom. So if you want to move house,
• 5:38
  Speaker 4: it's a.
• 5:38
  Speaker 6: Good time to.
• 5:41
  Speaker 4: Do it if you've got financial buffers to cope with
• 5:44
  Speaker 4: another interest rate rise. And I think just as importantly, Renee,
• 5:47
  Speaker 4: you're going to have to have the nerve to tune
• 5:50
  Speaker 4: out from those negative stories.
• 5:51
  Speaker 6: In the media that we were just talking about.
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  Speaker 4: But if you're buying for the long term, a few
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  Speaker 4: percentage points either way at the bottom isn't really going
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  Speaker 4: to matter.
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  Speaker 6: In 10 years' time, Renee.
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  Speaker 7: Yep.
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  Speaker 2: So basically people should just go for it if they're
• 6:03
  Speaker 2: in a position to do it.
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  Speaker 4: Keep on with your life if you're ready for it.
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  Speaker 6: That's right.
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  Speaker 4: It's a great time for upgraders because you can take
• 6:10
  Speaker 4: advantage of the bigger falls and the more expensive properties
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  Speaker 4: because the gap between what you're selling and what you're
• 6:16
  Speaker 4: buying is actually narrower.
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  Speaker 6: Than it used to be.
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  Speaker 7: Yeah, gotcha. Okay, Michael.
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  Speaker 2: Well, I guess we'll see what happens on Cup Day
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  Speaker 2: and go from here and we'll cross our fingers and toes.
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  Speaker 5: But thank you so.
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  Speaker 7: Much for your time this morning.
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  Speaker 6: Okay. Thank you, Renee. Thanks, Cam.
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  Speaker 5: Cheers.
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  Speaker 2: Marco Yardley, CEO of Metropole Property Strategist. Well, Cam, this
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  Speaker 2: morning we're asking what is a pole house? A pole house.
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  Speaker 2: And where would you find one in Canberra? I've never
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  Speaker 2: heard of this before.
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  Speaker 3: So it's P-O-L-E, simply just standard pole house.
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  Speaker 7: Yes, yes.
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  Speaker 2: And they're actually, you know, I think we're going to
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  Speaker 2: learn about how cool they really are. Andrew Curran is
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  Speaker 2: principal of LJ Hooker in Targonong, knows a thing or
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  Speaker 2: two about pole houses. Andrew, good morning.
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  Speaker 8: Yeah, good morning, Renee. Thanks for having me on the show.
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  Speaker 2: Yeah, thanks for coming on. Now, look, let's just cut
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  Speaker 2: to the chase. Can you tell us what is a
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  Speaker 2: pole house? I've never heard of these before. Why are
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  Speaker 2: they so unique?
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  Speaker 6: It's not surprising.
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  Speaker 8: They are, you know, not often found in Canberra.
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  Speaker 5: But as you know, Canberra is quite a hilly region,
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  Speaker 5: especially the Tuggeranong Valley.
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  Speaker 8: The beauty of those hills is obviously.
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  Speaker 5: You've got some elevation and then you've got some views
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  Speaker 5: to the surrounding areas. But naturally building on the sides
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  Speaker 5: of those hills can be challenging. Often the blocks are
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  Speaker 5: steep and undulating and that's where pole homes come into
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  Speaker 5: their own. As the name suggests, the main supporting structure
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  Speaker 5: of a pole home is just really large treated timber poles,
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  Speaker 5: which are cut to varying lengths, and that accounts for
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  Speaker 5: the fall of the block. It allows the house to
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  Speaker 5: be set on the side of the hill and blend
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  Speaker 5: into the landscape rather than imposing itself on the block.
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  Speaker 3: Yeah, now, so, and I've been to this house, so
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  Speaker 3: I've seen it, as we've mentioned, and the poles sort
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  Speaker 3: of come up through the whole of the structure.
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  Speaker 6: It is almost like... A real treehouse, isn't it?
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  Speaker 8: Well, that's exactly right.
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  Speaker 5: In fact, what happens with the construction, as it takes
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  Speaker 5: on the fall of the land, it creates different elevations.
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  Speaker 5: And sometimes you find some of those levels are up
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  Speaker 5: amongst the canopy of the trees. So you're looking out
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  Speaker 5: through the foliage, you're looking at the bird life, and yeah,
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  Speaker 5: it creates that feeling of a giant treehouse. And certainly
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  Speaker 5: 56 Icona Circuit is a real prime example of that.
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  Speaker 2: And so there is that one you just mentioned, but
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  Speaker 2: from what I understand that there's a few of these
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  Speaker 2: ones in Corwell, how did they sort of came to be?
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  Speaker 5: Well, Icona Circuit, you know, it wraps around the height
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  Speaker 5: of Corwell. So Arthur Corwell Hill, it's called, and it's
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  Speaker 5: probably the dress circle street. And a lot of those
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  Speaker 5: blocks on the side of the hill, they're slopey. And
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  Speaker 5: there just seems to be a little concentration in Icona
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  Speaker 5: Circuit of Canberra pole homes, uh, There was a builder
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  Speaker 5: back in the day when that sort of was being built.
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  Speaker 8: That maybe was his forte. I'm not too sure whether
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  Speaker 8: he did.
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  Speaker 5: Other homes as well, but there's about four or five
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  Speaker 5: that I know of certainly in that street, and there's
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  Speaker 5: not that many elsewhere in Tuggeranong.
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  Speaker 3: And so what about the architecture? Is there one particular
• 9:16
  Speaker 3: person who designed these? Do you know much about that?
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  Speaker 8: I did try and research that, actually. What I could
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  Speaker 8: find out is that.
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  Speaker 5: The original owners of this particular house were draftsmen themselves,
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  Speaker 5: and they had some input into the design.
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  Speaker 8: Each pole home is slightly different.
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  Speaker 5: So it's not like a cookie-cutter kind of home. They
• 9:36
  Speaker 5: are a little bit different, and this one is set
• 9:39
  Speaker 5: over five levels.
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  Speaker 8: It has all sorts of.
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  Speaker 5: Decks and things and windows capturing the nature surrounding the
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  Speaker 5: property and bringing that inside, which is just beautiful.
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  Speaker 2: Yeah, and so if people want to come and have
• 9:51
  Speaker 2: a look at one and see what we're talking about,
• 9:53
  Speaker 2: what is a pole house in person? You mentioned 56
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  Speaker 2: O'Connor Circuit. When can they come and have a look?
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  Speaker 5: Yeah, look, it is open today at 12.30.
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  Speaker 6: You can come along.
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  Speaker 5: You can also find the advert on Zango, for instance,
• 10:05
  Speaker 5: if you look that up. Give us a call any time.
• 10:08
  Speaker 8: We can show you through.
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  Speaker 5: People that have come through have just been fascinated, really,
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  Speaker 5: by the structure.
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  Speaker 8: The kids, in particular, have been enthralled by the bedrooms.
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  Speaker 8: Each bedroom... has its own loft area.
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  Speaker 5: It's like a little breakout area for the kids. They
• 10:23
  Speaker 5: can have their toys up there or a little study room.
• 10:27
  Speaker 5: It's quite an unusual property. I've not seen anything like
• 10:30
  Speaker 5: this one. Even with the other pole homes, this one's
• 10:33
  Speaker 5: quite different.
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  Speaker 2: Yeah, well, people need to definitely go and have a
• 10:35
  Speaker 2: look and see for themselves. It is something out of
• 10:37
  Speaker 2: like a fairy tale or storybook or something, really. Andrew,
• 10:42
  Speaker 2: thank you so much for your time this morning.
• 10:43
  Speaker 8: No, you're welcome. Thank you for having me on the show.
• 10:46
  Speaker 8: Appreciate it.
• 10:47
  Speaker 2: That's Andrew Curran, Principal of LJ Hookah in Tuckernong. Well, Cam,
• 10:52
  Speaker 2: I was in Mollymook recently, as you know, with my
• 10:55
  Speaker 2: family for a little getaway. And we love, you know,
• 10:58
  Speaker 2: going to the coast, but especially to that part of
• 11:00
  Speaker 2: the coast.
• 11:01
  Speaker 3: You stayed right near the golf course.
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  Speaker 7: Didn't you?
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  Speaker 2: Yes, yes, we did.
• 11:04
  Speaker 7: I knew the golf club there.
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  Speaker 4: It was awesome.
• 11:06
  Speaker 2: But I would go for walks each morning with my
• 11:08
  Speaker 2: dad and put Bon in the pram and push her around.
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  Speaker 2: And we just love... walking just through the streets, talking
• 11:13
  Speaker 2: about the houses, look at this house, look at that,
• 11:15
  Speaker 2: especially the ones for sale.
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  Speaker 4: You know.
• 11:17
  Speaker 3: And there's conversations happen all the time and there's lots
• 11:19
  Speaker 3: of shop fronts like, you know, the real estate agents
• 11:21
  Speaker 3: and people milling around there. The best thing about driving
• 11:23
  Speaker 3: down the coast is so you get across to Braywood, great,
• 11:26
  Speaker 3: then you go down the hill, get through and sort
• 11:29
  Speaker 3: of just arrive, park, open the door and just get
• 11:34
  Speaker 3: that waft of salt air.
• 11:36
  Speaker 1: And it's just that's why I'm here.
• 11:38
  Speaker 7: Yep. Yep, and it's so nice.
• 11:39
  Speaker 2: And so we are going to do a bit of
• 11:41
  Speaker 2: a South Coast property update this morning because it's been
• 11:43
  Speaker 2: a hot minute. Peggy McAllister, a licensed agent at MyAgent,
• 11:47
  Speaker 2: is our go-to person. Peggy, good morning.
• 11:50
  Speaker 7: Good morning, Renee and Cam.
• 11:52
  Speaker 2: Now, look, give us an overview of how the property
• 11:54
  Speaker 2: market is tracking on the coast at the moment.
• 11:56
  Speaker 7: Yeah, so look, it's very much the same as last
• 12:00
  Speaker 7: time we spoke. It's just ticking along. It certainly is
• 12:03
  Speaker 7: a little bit quieter than what it was last year,
• 12:05
  Speaker 7: but we are still seeing properties transact. And whilst there
• 12:08
  Speaker 7: has been some softening, the prices are holding still relatively well,
• 12:13
  Speaker 7: I have to say. So yeah, it's still ticking along.
• 12:16
  Speaker 3: Peggy, when I speak to agents in Canberra, they're talking
• 12:19
  Speaker 3: about this idea of they have to do just a
• 12:21
  Speaker 3: little bit more. They have to go the extra steps
• 12:23
  Speaker 3: to help people who are selling their houses, get everything ready,
• 12:27
  Speaker 3: just to create the whole positive experience. Are you finding
• 12:31
  Speaker 3: that you're having to do that as an agent on
• 12:33
  Speaker 3: the coast as well?
• 12:34
  Speaker 6: Absolutely. Absolutely.
• 12:36
  Speaker 7: It's definitely, having worked through three cycles up and down,
• 12:40
  Speaker 7: there are certainly a lot of additional things that need
• 12:42
  Speaker 7: to happen to position a property during the quieter market conditions.
• 12:46
  Speaker 1: Yeah, yeah.
• 12:47
  Speaker 2: And Peggy, where is most of the interest coming from? Like,
• 12:50
  Speaker 2: is it locals kind of moving into different parts of
• 12:52
  Speaker 2: the region or people relocating from elsewhere? Look, there is,
• 12:57
  Speaker 2: you know, quite a trend with locals moving around at
• 12:59
  Speaker 2: the moment.
• 13:00
  Speaker 7: You know, you've got your families upsizing to acreage. You've
• 13:02
  Speaker 7: got your retirees on acreage downsizing. You've got some families
• 13:06
  Speaker 7: wanting to be in that Browley catchment for the private
• 13:09
  Speaker 7: high schools. So there's a lot of movement in the area.
• 13:12
  Speaker 7: We are noticing the Maria Hospital is bringing down health employees.
• 13:16
  Speaker 6: So we've got permanent people.
• 13:17
  Speaker 7: Doctors, nurses, different medical professionals that are moving south around
• 13:22
  Speaker 7: that Maria Brawley region for the new hospital. So that
• 13:25
  Speaker 7: is definitely a trend. And we are still having people
• 13:28
  Speaker 7: come here to retire. I would say the investor and
• 13:32
  Speaker 7: holiday home market is probably a little bit light on
• 13:34
  Speaker 7: at the moment.
• 13:35
  Speaker 3: Yeah, I tell you what, with the Maria Medical Centre there,
• 13:39
  Speaker 3: plenty of people will be going down to Churros Heads
• 13:40
  Speaker 3: as well. Like that's just such a beautiful spot with
• 13:43
  Speaker 3: that big new development happening. That must be creating a
• 13:46
  Speaker 3: lot of interest as well for you.
• 13:48
  Speaker 6: Look, absolutely.
• 13:49
  Speaker 7: I live in Churros, and I've just moved here within
• 13:52
  Speaker 7: the last two years, and I have to say it
• 13:53
  Speaker 7: is definitely an area that is on the up, but
• 13:56
  Speaker 7: the prices are still very competitive. You know, if you've
• 13:58
  Speaker 7: been thinking about a coast house for the last few years,
• 14:00
  Speaker 7: there couldn't be a better time to try and secure one.
• 14:03
  Speaker 3: So I can just imagine you down there, Peggy, on
• 14:05
  Speaker 3: a Friday afternoon at the One Tree Inn enjoying a
• 14:08
  Speaker 3: nice glass of wine.
• 14:09
  Speaker 7: Do you know what? We actually went to the Churros
• 14:11
  Speaker 7: Country Club last night because they've got new people in
• 14:13
  Speaker 7: the restaurant, and the food is fantastic, and it was packed.
• 14:17
  Speaker 7: So it was a really good vibe.
• 14:18
  Speaker 2: Yeah, that's so cool. And do you have something special
• 14:21
  Speaker 2: for us to snap up? Anything in the works at
• 14:23
  Speaker 2: the moment you want to mention?
• 14:25
  Speaker 7: I do. I have a really beautiful brand new duplex,
• 14:28
  Speaker 7: Walking Distance to the Beach in Sunshine Bay.
• 14:32
  Speaker 1: Okay, tell us a little bit about that place.
• 14:34
  Speaker 7: So it's brand new and, you know, there's a lot
• 14:36
  Speaker 7: of people that build duplexes and they're really just basic,
• 14:40
  Speaker 7: you know, investor type properties. This has really been built
• 14:43
  Speaker 7: and geared to the downsizing retiree. Very high quality finishes,
• 14:48
  Speaker 7: ducted reverse cycle air conditioning, fully landscaped. timber floors, stone benchtops,
• 14:53
  Speaker 7: and really high-quality cabinetry.
• 14:55
  Speaker 6: Throughout, skylights.
• 14:56
  Speaker 7: Like, it's just stunning. So it's for that person that
• 15:00
  Speaker 7: wants to downsize but doesn't want to downsize on quality
• 15:03
  Speaker 7: and doesn't want to downsize its four-bed, two-bath, an oversized garage,
• 15:07
  Speaker 7: and huge storage-slash-workshop area under the house.
• 15:11
  Speaker 6: Yeah, Renee, I've seen pictures of this place. You just
• 15:13
  Speaker 6: go there in a second.
• 15:14
  Speaker 7: Yep, absolutely.
• 15:15
  Speaker 3: It's so good.
• 15:16
  Speaker 7: All right, Peggy.
• 15:16
  Speaker 2: Well, we love, you know, this time when you make
• 15:19
  Speaker 2: us for just a few minutes of our Saturday morning.
• 15:21
  Speaker 2: We feel like we are where you are, which is
• 15:25
  Speaker 2: so lovely. Thank you for your time as always.
• 15:27
  Speaker 7: It's a pleasure.
• 15:28
  Speaker 5: Cheers.
• 15:29
  Speaker 2: Peggy McAllister, Licensed Agent at MyAgent.
• 15:32
  Speaker 3: Well, those are the interviews we most enjoyed in last
• 15:35
  Speaker 3: week's Mix 106.3 Real Estate Show. If you love hearing
• 15:38
  Speaker 3: about the latest trends or you're just up for a
• 15:40
  Speaker 3: sticky beak, be sure to drop by for a listen
• 15:43
  Speaker 3: this Saturday between 9 and 10.
• 15:45
  Speaker 1: Cam and Renee's Real Estate Show on Mix 106.3.