Latest / The Real Estate Show / Mix 106.3's Real Estate Show - 20/06/26
Transcript
- 0:01Speaker 1: Cameron Renee's Real Estate Show on Mix one O six
- 0:04Speaker 1: point three. Step into stylish, low maintenance living in Canberra's
- 0:08Speaker 1: Inner North to work by Jwland.
- 0:11Speaker 2: Campus.
- 0:11Speaker 3: Time for another Mix one or six point three real
- 0:13Speaker 3: estate show podcast.
- 0:14Speaker 4: Yeah, thanks to JW Land. Of course, we do it
- 0:16Speaker 4: live on the radio each Saturday between nine and ten
- 0:19Speaker 4: and now we get to relive it through the wonders
- 0:22Speaker 4: of digital radio.
- 0:23Speaker 2: Yes, some really interesting chats this time around.
- 0:26Speaker 3: We spoke to Michael Yardney from Metropol Property Strategist about
- 0:29Speaker 3: interest rates being kept on hold and what he thinks
- 0:32Speaker 3: may happen in the months ahead.
- 0:34Speaker 5: And look, we're not going to mention it here.
- 0:36Speaker 4: You will hear in our conversation that all the financial
- 0:39Speaker 4: institutions are all saying they're probably going to keep it
- 0:41Speaker 4: on hold except for one.
- 0:43Speaker 2: Except for one, and he says very clearly.
- 0:46Speaker 3: Anyway, that was an interesting chat, a really interesting chat
- 0:49Speaker 3: as well.
- 0:50Speaker 2: There's a church for sale in June and you can
- 0:52Speaker 2: live there.
- 0:53Speaker 4: Yes, this is This is one of these old sandstone churches.
- 0:55Speaker 4: They come up onto the market in the camera the
- 0:57Speaker 4: Capitol region and wider every now and then we saw
- 1:00Speaker 4: all this one pop up.
- 1:01Speaker 5: It's in June and.
- 1:02Speaker 4: It is we use the words it's been pimped aapp
- 1:05Speaker 4: but I mean it has.
- 1:06Speaker 3: Been pimped out, Yes, it has, and it's got you know,
- 1:09Speaker 3: all sorts of really cool features in it.
- 1:10Speaker 2: Jason Barrett from Ray White JUNI I'm shared all the
- 1:13Speaker 2: details of that.
- 1:14Speaker 3: Yes, And we also spoke to Annila Gama from Master
- 1:16Speaker 3: Bilder's Act about a really important event they have happening.
- 1:19Speaker 4: Yeah, so this is the first time that this has happened,
- 1:22Speaker 4: and it will happen again, there's no doubt about that.
- 1:24Speaker 4: And I spoke about so it's all around sustainability and
- 1:27Speaker 4: construction and there was a whole range of sort of
- 1:30Speaker 4: builders and exhibitors and companies that all came down to
- 1:32Speaker 4: play a part in it. But she spoke about the
- 1:36Speaker 4: importance and the way that you know, recycling on construction
- 1:40Speaker 4: sites has evolved and got much better.
- 1:43Speaker 3: Yeah, it's becoming super popular now and so it's all
- 1:46Speaker 3: about that and then some when it comes to sustainability.
- 1:48Speaker 4: Okay, that's part of the podcast as well. Once again,
- 1:50Speaker 4: we say thank you to listening and thanks to JW
- 1:53Speaker 4: Land for their ongoing support at the Mixed one of
- 1:54Speaker 4: six point.
- 1:55Speaker 5: Three real Estate show.
- 1:57Speaker 3: Now, Kim, as you mentioned before, interest rate were left
- 2:01Speaker 3: on hold during the week, which with everything that's gone on,
- 2:04Speaker 3: was a bit of a sigh relief for mortgage holders
- 2:06Speaker 3: around Canberra and beyond.
- 2:08Speaker 2: No doubt.
- 2:08Speaker 4: I sort of left my radar for a moment, so
- 2:11Speaker 4: I was doing going without my daily business on Tuesday,
- 2:13Speaker 4: and then all of a sudden, twenty emails and texts
- 2:16Speaker 4: and all that sort of all pop up at once,
- 2:18Speaker 4: with all the notifications that you get and on hold,
- 2:21Speaker 4: it's just like reoice.
- 2:23Speaker 3: Yes, but is it only going to be a momentary
- 2:26Speaker 3: time to celebrate or what does that look like? And
- 2:29Speaker 3: we're going to find out and say wanting to Michael Yarni,
- 2:32Speaker 3: CEO of Metropol Property Strategis Michael, Hello.
- 2:35Speaker 6: Good ruining Renee.
- 2:36Speaker 2: Now, look what do you think is going to happen
- 2:37Speaker 2: with interest rates moving forward? Michael?
- 2:39Speaker 3: We've had this happen this week, but what about kind
- 2:41Speaker 3: of moving forward?
- 2:43Speaker 7: Well, we know that RBA raised interest rates three times
- 2:46Speaker 7: in the first half of this year, but now our
- 2:49Speaker 7: property markets are starting to slow down. The economy is
- 2:53Speaker 7: slowing a bit, inflation is slowing a bit, unemployment is
- 2:56Speaker 7: crept up a bit, so I guess this is giving
- 2:59Speaker 7: the reserve being a chance to catch us breath, see
- 3:02Speaker 7: what's going on. But I think overall interest rates are
- 3:06Speaker 7: now peaked and probably not going to fall till maybe
- 3:10Speaker 7: the second quarter of twenty twenty seven, in other words,
- 3:13Speaker 7: an a year before they start to come down. Most
- 3:17Speaker 7: of the banks agree with that, but there's one outlier.
- 3:20Speaker 7: Westpac believes we're still going to have two more interest
- 3:23Speaker 7: rate rises to RENEE.
- 3:25Speaker 6: The other banks don't agree.
- 3:26Speaker 4: Yeah, go west back, that's who where we're So I'm
- 3:29Speaker 4: very happy to hear that, Mike question.
- 3:32Speaker 2: Oh golle gosh.
- 3:33Speaker 3: And so what's ahead Michael for a housing markets en
- 3:36Speaker 3: for for the rest of this year.
- 3:38Speaker 7: There's a lot of nervousness around at the moment.
- 3:41Speaker 6: To RENEE.
- 3:42Speaker 7: They're slowing down already, but not in a uniform weight.
- 3:45Speaker 7: Prices in Melbourne, Camber unfortunately, and Sydney are likely to
- 3:50Speaker 7: keep softening over the year, while Brisbane, adelaiden Perth are
- 3:54Speaker 7: likely to keep growing but not at the extraordinary.
- 3:57Speaker 6: Rates they did a couple of years ago, and Singly.
- 4:00Speaker 7: In most capitals, units apartments are holding up better than
- 4:04Speaker 7: ours is Rene, probably just because of affordability and people
- 4:08Speaker 7: still have to move, still have to live somewhere, so
- 4:11Speaker 7: they've changed their expectations.
- 4:13Speaker 4: So and you come out of Melbourne, Michael when we
- 4:15Speaker 4: speak to you each month, which is and we love that.
- 4:18Speaker 4: So here in Canberra, just speaking to real estate agents,
- 4:21Speaker 4: we're out and about and they're sort of saying anything
- 4:23Speaker 4: that's priced up to a million dollars, that's sort of
- 4:27Speaker 4: walking out the door.
- 4:28Speaker 5: But that's an easier sell.
- 4:29Speaker 4: Between a million and two million, that's sort of a
- 4:31Speaker 4: bit tricky, but anything over two million like that is
- 4:34Speaker 4: a real tough ask at the moment.
- 4:36Speaker 5: Is that what you're hearing down south as well?
- 4:39Speaker 7: It's the same in Sydney and Melbourne as well as Canberra.
- 4:43Speaker 7: In other words, the more affordable parts of the market
- 4:46Speaker 7: below the medium price are still growing and there's two
- 4:50Speaker 7: drivers for that. In particular, the first home buyers.
- 4:53Speaker 6: Remember there still is that first home.
- 4:55Speaker 7: Biogrant who've spoken about a few times helping people get in.
- 4:59Speaker 6: With lower deposits.
- 5:00Speaker 7: And also it's just affordability at the upper end.
- 5:04Speaker 6: You don't need to move to three.
- 5:06Speaker 7: Million dollar trophy home to a five million dollar one.
- 5:09Speaker 7: You can wait a while till the market picks up
- 5:11Speaker 7: a bit so those are the discretionary markets that Okay,
- 5:15Speaker 7: they're just sitting on their hands.
- 5:16Speaker 6: At the moment.
- 5:17Speaker 4: And Michael, just before we let you go, there's been
- 5:19Speaker 4: a tweak and this was in the media over the
- 5:21Speaker 4: last couple of days, a tweak to the proposed capital
- 5:23Speaker 4: gains tax changes.
- 5:25Speaker 5: It all looks very complicated.
- 5:27Speaker 4: So in Layman's terms, can you sort of simplify what
- 5:30Speaker 4: they planned? A tweak and doesn't have anything to do
- 5:32Speaker 4: with property anyway, No, it doesn't.
- 5:35Speaker 6: Well, let's be clear. Capital gains tax is a tax
- 5:37Speaker 6: you pay on profits from disposing.
- 5:40Speaker 7: Or selling an asset, as it could be investments, property, shares, crypto,
- 5:46Speaker 7: not your home. There's no capital gains tax on selling
- 5:49Speaker 7: your home. And in the budget and may the budget
- 5:53Speaker 7: the Reserve Bank, I'm sorry, the government says it's now
- 5:57Speaker 7: going to replace the long standing fifty percent dis counting
- 6:00Speaker 7: gets to a different system. In other words, if you
- 6:03Speaker 7: make one hundred thousand dollars capital gain, you only pay
- 6:06Speaker 7: tax at the current system on fifty percent of.
- 6:10Speaker 6: That, so at your tax rate. It sounds all very complicated,
- 6:14Speaker 6: but then there's been a.
- 6:15Speaker 7: Lot of us when they now put a more complicated
- 6:18Speaker 7: and more expensive system in with the thought that you'd
- 6:21Speaker 7: only you'd have to at least pay a minimum of
- 6:23Speaker 7: thirty percent tax, and a lot of people revolted complained
- 6:28Speaker 7: about this. So this week the government changed the way
- 6:30Speaker 7: capital gains tax is going to be charged, but not
- 6:33Speaker 7: for homeowners, not for investors, but for small businesses.
- 6:38Speaker 6: Businesses probably about two point.
- 6:40Speaker 7: Seven million businesses they're saying, whose turnover is less than
- 6:43Speaker 7: ten million dollars, but capital gain tax for property investors,
- 6:48Speaker 7: individual selling shares or family trusts. Having changed, there was
- 6:52Speaker 7: one other change cam They are also now going to
- 6:55Speaker 7: dump the proposed minimum tax on what are called testamentary
- 6:59Speaker 7: trust that come out when you have a will, and
- 7:02Speaker 7: that's going to be a big win for families and
- 7:06Speaker 7: people who are wanting to pass their wealth onto future generations.
- 7:09Speaker 6: Kim.
- 7:09Speaker 3: Okay, interesting, well, Michael, what you were saying about Westpac before.
- 7:13Speaker 3: We hope those predictions are wrong, but we'll just wait
- 7:16Speaker 3: and see what happens.
- 7:17Speaker 7: Over the year. Look at their track record, Renee, it's
- 7:21Speaker 7: not very good. Okay, all right, Forecasting is not easy,
- 7:25Speaker 7: especially about the future.
- 7:26Speaker 3: Yes, of course, totally. Well, thank you so much for
- 7:29Speaker 3: the time. As always, Michael, we love your insights some
- 7:31Speaker 3: every month. Thank you, Thank you, Michael Yanni, CEO of
- 7:35Speaker 3: Metropol Property Strategists. Now, Kim, if you're looking for a
- 7:39Speaker 3: home with character, there is one not too far from
- 7:42Speaker 3: camera that has that in spades.
- 7:44Speaker 2: And then some absolutely.
- 7:46Speaker 5: The rich history of this place.
- 7:48Speaker 3: Oh yes, it's not a regular house. It is a
- 7:50Speaker 3: church in fact that you can live in. That's for
- 7:53Speaker 3: sale in June. And Jason Barrett is a sales agent
- 7:57Speaker 3: at ray White June.
- 7:58Speaker 2: Jason, good morning morning.
- 8:00Speaker 3: Tell us a little bit about this church and you
- 8:03Speaker 3: know the history and its place in June certainly.
- 8:07Speaker 8: Well, great part about it is that all the hard
- 8:10Speaker 8: work's being done that you know the church. That buying
- 8:12Speaker 8: a church, converting it is a dream for a lot
- 8:14Speaker 8: of people. The owners have lived it for forty years.
- 8:18Speaker 8: It's now time for them to sell it. But the
- 8:20Speaker 8: best part is, as I said, yeah, the hard work's done.
- 8:23Speaker 8: People just have to buy it and move in.
- 8:26Speaker 4: Okay, all right, So so what does it look like now?
- 8:28Speaker 4: What does it look like on the inside.
- 8:31Speaker 8: It completely transformed from what it was as the original church.
- 8:35Speaker 8: It's been extended, it's been added to the attention to
- 8:39Speaker 8: detail throughout the property, is just impeccable. It's a real
- 8:43Speaker 8: credit to everyone that's been involved with the property over
- 8:46Speaker 8: the years.
- 8:46Speaker 2: Yeah.
- 8:47Speaker 3: And I was flicking through the photos Jason and going through,
- 8:50Speaker 3: going through love the stained glass windows, and then I
- 8:53Speaker 3: see there's a bar and a wine seller. This church,
- 8:56Speaker 3: you know, has a bit of everything.
- 8:57Speaker 2: Doesn't it.
- 8:59Speaker 6: It sure does.
- 9:01Speaker 8: They've taken a lot of a lot of material from
- 9:04Speaker 8: around the region, a recycled that repurposed it from out
- 9:07Speaker 8: of buildings, utilized it in the extensions here. It's really
- 9:13Speaker 8: hard to tell where the property, the original property ends
- 9:16Speaker 8: and the new extensions begin.
- 9:19Speaker 6: Yep, it's just beautiful dab walk through.
- 9:23Speaker 2: Yeah, it absolutely is. And what's your favorite part of
- 9:25Speaker 2: the property.
- 9:28Speaker 6: I loved how private it is.
- 9:30Speaker 8: It's interesting from the street, but once you get inside,
- 9:33Speaker 8: it's a completely different world. It's a central part of town.
- 9:36Speaker 8: It's convenient to all town has to offer, but nobody
- 9:41Speaker 8: knows whether you're home or not. The neighbors can't see in,
- 9:44Speaker 8: you can see out. It's got a great view, but
- 9:46Speaker 8: it's just very very private.
- 9:48Speaker 6: Okay.
- 9:48Speaker 4: And of course being in June, it's a small country town.
- 9:51Speaker 4: Everyone knows everyone, everyone's in each other's business. There's lots
- 9:54Speaker 4: of chat going on. What's the interest being like? Like,
- 9:58Speaker 4: if you walk down the main street of June there
- 10:00Speaker 4: and everyone knows that the church is for sale, what
- 10:02Speaker 4: are the locals talking about?
- 10:04Speaker 5: Why are they excited?
- 10:07Speaker 8: They had that they've seen it, they know it's there,
- 10:10Speaker 8: but they really had no idea as to how intricate
- 10:13Speaker 8: how it is presented and what it's like there inside itself.
- 10:18Speaker 8: Except for those that obviously know the family that have
- 10:20Speaker 8: been there. It has been very private and people are
- 10:23Speaker 8: just blown away by.
- 10:26Speaker 6: This caliber of property is available in town.
- 10:29Speaker 2: And who do you think it would suit?
- 10:30Speaker 3: Because it's not everyone's cup of tea, right, but who
- 10:33Speaker 3: do you think would best suit?
- 10:34Speaker 2: Would you know, love this place?
- 10:38Speaker 8: It's a good sized footprint, It'd be great for a family.
- 10:41Speaker 8: I really see somebody that wants to downsize, but coming
- 10:45Speaker 8: in off a farm, off a property where they're still
- 10:48Speaker 8: looking for that privacy that they've been even though it's
- 10:52Speaker 8: completely different to being on a farm, still very private.
- 10:55Speaker 8: And another said nothing needs to be done, just move
- 10:58Speaker 8: in and enjoy the property.
- 11:00Speaker 3: Yeah, absolutely, And do people contact you to come and
- 11:02Speaker 3: have a look.
- 11:03Speaker 2: Is that how it works?
- 11:04Speaker 6: Absolutely?
- 11:05Speaker 3: Okay, Well, people should definitely do that. It's a really
- 11:08Speaker 3: unique place, that's for sure. Jason, thank you so much
- 11:10Speaker 3: for sharing that with us this morning.
- 11:13Speaker 6: Thank you for having me on. Great to talk to you.
- 11:14Speaker 2: You too, Jason Barrett from ray White Junior. It's the church.
- 11:18Speaker 3: It's for sailing in June. If you google it you'll
- 11:20Speaker 3: find it. You really ought to have a look. Well,
- 11:22Speaker 3: Kem especially, I feel like at this time of year
- 11:25Speaker 3: when it's cold and people are trying to be a
- 11:28Speaker 3: bit more clever with what they spend their money on,
- 11:31Speaker 3: like with heating and all.
- 11:32Speaker 2: Of that sort of stuff.
- 11:33Speaker 3: You know, sustainability is very much at the forefront of
- 11:35Speaker 3: many people's minds.
- 11:36Speaker 4: It should be normally though, shouldn't it should be normally
- 11:39Speaker 4: and you know what I think in Canberra and our
- 11:40Speaker 4: capital region, Yes it is.
- 11:42Speaker 5: It is for many.
- 11:43Speaker 3: Yeah, And there's an expo coming up this coming Wednesday,
- 11:47Speaker 3: the Master Builder's Act Sustainability Expo, which they're going to
- 11:51Speaker 3: be talking about all this stuff and more, no doubt.
- 11:54Speaker 3: And Anna Niligama is CEO of master Builders Act and
- 11:57Speaker 3: a good morning.
- 11:58Speaker 9: Good morning, great to be with you.
- 12:00Speaker 2: Yes, thanks for joining us.
- 12:01Speaker 3: Tell us about the expo that's coming up and what
- 12:04Speaker 3: we can expect to see so.
- 12:06Speaker 9: On our Wednesday at our carpentry training yard in Fishrick
- 12:11Speaker 9: one Ine Knob Street, we're hosting our first ever sustainability
- 12:15Speaker 9: Expo and that's all things sustainability when it comes to
- 12:18Speaker 9: building a home or indeed renovating a home. As your
- 12:24Speaker 9: listeners are aware, new builds now in Canberra they're actually
- 12:28Speaker 9: built to a seven star rating for energy.
- 12:31Speaker 6: So there's a lot.
- 12:32Speaker 9: To learn and explore both for a builder but then
- 12:35Speaker 9: also a household in terms of understanding what that looks
- 12:38Speaker 9: like when you approach the new build and indeed after
- 12:41Speaker 9: the house is built, how to live in it. So
- 12:43Speaker 9: we're super excited. We've got some wonderful exhibitors and there's
- 12:47Speaker 9: also a free breakfast, a free sustainable breakfast. I'd love
- 12:51Speaker 9: to understand what's involved in that. Wanted by Forests and
- 12:55Speaker 9: wood Products Australia.
- 12:57Speaker 4: Okay, so no doubt you'll get to experiental on Wednesday morning.
- 13:00Speaker 4: Tell us about some of the organizations and businesses that
- 13:03Speaker 4: are coming along with displays and some of the stuff
- 13:05Speaker 4: that we'll get to experience.
- 13:08Speaker 10: Yes, so a really diverse range of exhibitors. We've got
- 13:11Speaker 10: some window providers who can talk you through, you know,
- 13:17Speaker 10: selecting the right kind of windows for your build or reno.
- 13:21Speaker 10: We've got concrete and cement companies, we've got joiners who
- 13:27Speaker 10: are specialists in sustainable building practices, and then some supplies
- 13:31Speaker 10: that you know, work exclusively with repurposed products, so they're
- 13:35Speaker 10: direct from the secular economy. And of course we've got
- 13:38Speaker 10: camera construction recyclers who are our stage sponsors. And that's
- 13:42Speaker 10: all about, you know, reusing construction waste, of which our
- 13:48Speaker 10: industry generates a lot. But you would be amazed at
- 13:50Speaker 10: the types of things construction ways becomes repurposed into.
- 13:54Speaker 4: Yeah, because this is the thing that this has changed
- 13:56Speaker 4: over the years, hasn't it Because ye for years, for
- 14:00Speaker 4: so long it all just used to go on the
- 14:02Speaker 4: skip in and get carted off, right, But now things
- 14:05Speaker 4: get reused repurposed, so interesting.
- 14:07Speaker 9: Yeah, yeah, yeah, so yeah, generated into two new products
- 14:11Speaker 9: that goes on to help new builds or you know
- 14:14Speaker 9: used in road construction. It's quite it's quite wonderful the
- 14:19Speaker 9: way the industry has evolved. So it'll be a great
- 14:23Speaker 9: event either for builders, subcontractor supplies, or indeed households and
- 14:27Speaker 9: homeowners who are interested in you know, educating themselves on
- 14:31Speaker 9: what sustainability building really looks like and what to be
- 14:35Speaker 9: aware of.
- 14:36Speaker 2: Yeah, for sure, And I mean you just touched on
- 14:38Speaker 2: it there.
- 14:38Speaker 3: But why are these sorts of exposed and sustainability events
- 14:41Speaker 3: so important?
- 14:43Speaker 7: Oh?
- 14:43Speaker 9: I think there's a few things. Obviously, Australia is very
- 14:47Speaker 9: committed to the net zero goal and the building environment
- 14:53Speaker 9: is a huge part of that. Canber You know, we
- 14:55Speaker 9: often lead first when it comes to the rest of
- 14:57Speaker 9: the nature in terms of seven style BIS and sustainable practices,
- 15:02Speaker 9: and you know the real estate advertising, you know, we
- 15:05Speaker 9: must have that mandatory energy rating when we list a
- 15:08Speaker 9: property for sale.
- 15:09Speaker 6: So it's got to do with.
- 15:12Speaker 9: How you live, how you save money on energy, and
- 15:15Speaker 9: really how you stay warm in winter, which is particularly
- 15:18Speaker 9: relevant today.
- 15:19Speaker 2: Yes, one hundred percent.
- 15:20Speaker 3: Well and thanks so much for sharing that with us,
- 15:22Speaker 3: and all the best for Wednesday.
- 15:23Speaker 2: So awesome that you guys are putting this on. Thanks guys, cheers,
- 15:27Speaker 2: Thank you.
- 15:27Speaker 3: Anna Nila Gama, who's CEO of master Builders Act their
- 15:30Speaker 3: sustainability expo coming up this coming Wednesday.
- 15:33Speaker 4: Well, those are the interviews we most enjoyed in last
- 15:36Speaker 4: week's Mixed one O six point three Real Estate show.
- 15:38Speaker 4: If you love hearing about the latest trends, or you're
- 15:41Speaker 4: just up for a sticky beak, be sure to drop
- 15:43Speaker 4: by for a listen this Saturday between nine and ten
- 15:46Speaker 4: jam and Rene's
- 15:47Speaker 1: Real Estate Show on Mix one O six point three