Latest / The Real Estate Show / Mix 106.3's Real Estate Show - 22/08/26
Transcript
- 0:00Speaker 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 Berk by JW.
- 0:10Speaker 2: Land.
- 0:11Speaker 3: Well, we had another great show for the Mixed one
- 0:13Speaker 3: oh six point three Real Estate Show and so it's
- 0:15Speaker 3: time for another podcast.
- 0:16Speaker 2: Yes, indeed thanks to JW Land. And of course it's
- 0:18Speaker 2: a bit of a tricky market at the moments. A
- 0:21Speaker 2: Steve Low, director of agent Team Cambra, joined us with
- 0:24Speaker 2: another really interesting discussion under the heading of how do
- 0:28Speaker 2: you time the bottom of the market and he.
- 0:31Speaker 3: Kind of talked about what that meant and some of
- 0:33Speaker 3: the potential dangers in that space.
- 0:35Speaker 4: That was a really interesting chat.
- 0:36Speaker 2: I love talking about decks and pergolas in the show too.
- 0:39Speaker 3: On Saturday, Yeah, for sure, we had Xavier Duffy, director
- 0:42Speaker 3: at act.
- 0:43Speaker 4: Deck, were talking about trends that he's seeing.
- 0:44Speaker 3: Obviously we're heading into the warmer months, people are thinking
- 0:47Speaker 3: about forgola's decks and getting new ones, fixing up current
- 0:50Speaker 3: ones and that sort of thing.
- 0:51Speaker 4: So we spoke about some of the trends and some of.
- 0:53Speaker 2: His experience and if you have an opinion on real
- 0:55Speaker 2: wood versus the composite decking that happens at the moment. Yep,
- 1:00Speaker 2: be sure to have a listen to that conversation one.
- 1:02Speaker 4: Hundred percent and something really cool.
- 1:04Speaker 3: We also explored Master Builders Act have launched a new
- 1:07Speaker 3: Junior Builder program.
- 1:09Speaker 4: Kids from super.
- 1:10Speaker 3: Young can get involved and it's to help you get
- 1:12Speaker 3: more young people into destruction because we know there's not
- 1:15Speaker 3: enough workers in this space.
- 1:16Speaker 2: Indeed, so THEO the Master Builders Act and Aniela Gama
- 1:19Speaker 2: spoke to us, and she spoke. She did a really
- 1:22Speaker 2: good job of explaining that it's not just about making stuff,
- 1:25Speaker 2: it's about all the things that go around that on
- 1:27Speaker 2: the construction site.
- 1:28Speaker 5: Yeap.
- 1:29Speaker 3: When everything you learn, it's a great experience. It's coming
- 1:31Speaker 3: up for these upcoming school holidays as well.
- 1:33Speaker 2: Okay, so that's the podcast today for you to have
- 1:36Speaker 2: a listen to. Just before we get to all that,
- 1:38Speaker 2: let's do this mix one O six point three's property
- 1:40Speaker 2: Tip of the Week, brought to you by Lista.
- 1:43Speaker 3: The first few weeks of a sales campaign often when
- 1:45Speaker 3: your home receives the most attention. A well priced home
- 1:49Speaker 3: gives you the best chance to make the most of it.
- 1:51Speaker 4: This tip was brought to you by Lister.
- 1:57Speaker 3: Okay, we're asking the question this morning, how do you
- 1:59Speaker 3: time the bottom of the market?
- 2:01Speaker 4: What does that actually mean? And why are we talking
- 2:03Speaker 4: about it? Should we be talking about it?
- 2:05Speaker 5: Well?
- 2:05Speaker 3: Steve low is a director and agent Team Canberra, to
- 2:08Speaker 3: tell us more about it.
- 2:09Speaker 4: Steve, good morning, Good morning.
- 2:11Speaker 3: Now, look when you say time the bottom of the market,
- 2:14Speaker 3: what does that actually mean?
- 2:17Speaker 6: So timing the bottom of the market is a lot
- 2:18Speaker 6: of buyers trying to just wait to buy until the prices,
- 2:24Speaker 6: the property prices hit the very very bottom of the market.
- 2:28Speaker 6: And so it's a bit of an art to it.
- 2:30Speaker 6: Not many people get right. But we are currently going
- 2:33Speaker 6: through Canberra's second sharpest decline in prices post.
- 2:37Speaker 3: COVID okay, and so how do you kind of manage
- 2:40Speaker 3: that and work all that out?
- 2:43Speaker 6: Well, you've got to look the first things, like at
- 2:44Speaker 6: the moment our open homes, there's not a huge amount
- 2:48Speaker 6: of buyers coming through the open homes. And as the
- 2:49Speaker 6: market starts to turn and come back up, you'll start
- 2:52Speaker 6: to see a lot more participation at auctions, a lot
- 2:55Speaker 6: more people coming through the open homes. You'll start to
- 2:57Speaker 6: see the days on market start to come down to
- 3:00Speaker 6: under thirty. And you've started to see the auction clearance
- 3:03Speaker 6: rates go back up to around sixty percent. If you're
- 3:06Speaker 6: seeing all those signs, it means that you've probably missed
- 3:08Speaker 6: the bottom of the market because the market's on the
- 3:10Speaker 6: rise again.
- 3:11Speaker 2: Okay, And so as you make all these judgment decisions,
- 3:14Speaker 2: what are some of the things that you should avoid
- 3:16Speaker 2: doing when you're thinking about.
- 3:18Speaker 6: This probably overthinking it, like the thing that property has.
- 3:22Speaker 6: We are pretty much all aware it's not time in
- 3:25Speaker 6: the market. It is time a time in the market.
- 3:30Speaker 6: So you've got to sort of hold this property to
- 3:33Speaker 6: get the value out of it over as long, like
- 3:35Speaker 6: over a five to seven ten year period. You can't
- 3:38Speaker 6: really expect to buy it now and then turn it
- 3:41Speaker 6: around in twelve months and sell it for a huge
- 3:43Speaker 6: profit after all the fees and stuff. So I think
- 3:45Speaker 6: just getting in and getting it done, it's a really
- 3:47Speaker 6: good opportunity to buy right now.
- 3:49Speaker 3: Yeah, absolutely. And what should people avoid doing in this space.
- 3:53Speaker 6: Sitting on the sidelines just waiting because I'll see the
- 3:55Speaker 6: opportunity pass and buy and all of a sudden they've
- 3:57Speaker 6: missed the bottom of the market and they're paying twenty
- 3:59Speaker 6: or thirty or even fifty thousand dollars more than they
- 4:01Speaker 6: could have or should have three or four weeks ago.
- 4:04Speaker 4: Okay, what about the sellers.
- 4:07Speaker 6: Really depends on the sell the situation, and every one
- 4:09Speaker 6: of those is different. Like, if you're buying and selling
- 4:11Speaker 6: in the same market, it doesn't really matter too much
- 4:13Speaker 6: because your change over cost is goin to stay the same.
- 4:16Speaker 6: But if you're trying to sell in Canberra because you
- 4:18Speaker 6: want to move elsewhere or maybe move into retirement villages,
- 4:22Speaker 6: it might not be the very best time to sell
- 4:23Speaker 6: at the bottom of the market, of course, so you
- 4:25Speaker 6: might start to look for those telltale signs and advice
- 4:28Speaker 6: from your agent as to the best time to sell
- 4:30Speaker 6: for you.
- 4:30Speaker 4: Okay, And what's the number one mistake that you've seen
- 4:33Speaker 4: people make? Here?
- 4:37Speaker 6: We see it like you know, when COVID first it
- 4:39Speaker 6: was announced, when we started those lockdowns, we saw a
- 4:42Speaker 6: lot of panic sales that the market declined really really quickly,
- 4:46Speaker 6: and people just sold off because weren't sure it's going
- 4:48Speaker 6: to happen, and all of a sudden it just bounced
- 4:51Speaker 6: right back and then like a lot of people missed
- 4:53Speaker 6: that opportunity. So I guess the advice here is this
- 4:56Speaker 6: is a big opportunity if you look back in two
- 4:58Speaker 6: or three years from today, see the prices, it was
- 5:01Speaker 6: a really good time to buy, and you'll be potentially
- 5:03Speaker 6: regretting it.
- 5:04Speaker 3: Okay, all right, Well, a lot of food for thought
- 5:06Speaker 3: out for their people listening.
- 5:07Speaker 4: Steve, thank you so much for sharing that with us
- 5:10Speaker 4: this morning.
- 5:11Speaker 6: Problem.
- 5:11Speaker 4: She is Steve Loow, who's a director of Agent Team.
- 5:14Speaker 4: Canbra there, Wellkem, it.
- 5:16Speaker 3: Feels sort of like spring is kind of inching closer.
- 5:20Speaker 4: It's on the horizon.
- 5:21Speaker 3: It's on the horizon, and you know, with the weather
- 5:24Speaker 3: sort of slowly but surely warming up a little bit
- 5:26Speaker 3: against people thinking about, okay, what do.
- 5:28Speaker 4: We need for summer the warm of months, how do
- 5:30Speaker 4: we get our home.
- 5:30Speaker 2: Ready Saturday morning at Bunnings.
- 5:32Speaker 3: Yes, of course it just goes nuts, absolutely And one
- 5:35Speaker 3: of the key things there are decks and pergolas, making
- 5:39Speaker 3: sure that they're up to scratch or you might want
- 5:40Speaker 3: to build a new one or whatever it is to
- 5:43Speaker 3: get ready for summer. So we're going to ask what
- 5:45Speaker 3: deck and pergola designs are trending for this coming summer.
- 5:49Speaker 3: And Xavier Duffy is director at act Dex.
- 5:52Speaker 4: Good morning, Xavier, going good now, Low, can you tell us.
- 5:56Speaker 3: Is there any particular new trend that you're seeing when
- 5:59Speaker 3: it comes to designing and building per goalas Yeah, look.
- 6:03Speaker 7: A littleid roofs at the moment are really really popular.
- 6:05Speaker 5: I think the ability to open and close and control
- 6:08Speaker 5: the sun's been i think really important to people and
- 6:11Speaker 5: like that outdoor living has really, I guess been important
- 6:14Speaker 5: in that and it's an extension of your loundry essentially
- 6:17Speaker 5: in getting outside.
- 6:19Speaker 2: Okay, and so these are the roofs that, as you say,
- 6:21Speaker 2: they open and close and they're getting sort of the
- 6:25Speaker 2: tech behind it. It gets better and better every time
- 6:27Speaker 2: where you just hit a button and it all happens again.
- 6:29Speaker 4: Is that right, Xavier, that's exactly right.
- 6:32Speaker 1: Yeah.
- 6:32Speaker 5: They look they have a rain censor on them, so
- 6:34Speaker 5: it starts to round and you forget to close it,
- 6:36Speaker 5: it will close itself.
- 6:37Speaker 7: So yeah, the tech is pretty cool.
- 6:39Speaker 3: Yeah, that's so cool. And what about decking? Is there
- 6:41Speaker 3: an emerging trend there?
- 6:43Speaker 7: There is?
- 6:44Speaker 5: Composite decking is taking over the low maintenance. With composite decking,
- 6:48Speaker 5: I think no one really.
- 6:49Speaker 7: Wants to oil their deck anymore.
- 6:51Speaker 5: I think it's now about enjoying the backyard and you
- 6:54Speaker 5: put composite down you, they have to think about it again.
- 6:55Speaker 5: They've got really good warranties as well, and there's a
- 6:58Speaker 5: lot of different ones on the market at the moment too.
- 7:00Speaker 2: So Renee and I are sitting here smiling at each other.
- 7:03Speaker 2: Right before we brought you on here, I said to Renee,
- 7:05Speaker 2: I said, I think I'm going to ask him about
- 7:07Speaker 2: his view on traditional timber versus the composite, because I've
- 7:11Speaker 2: got traditional timber both in our old place at Camber
- 7:14Speaker 2: and where we are now, our new place, and I'm
- 7:16Speaker 2: happy I've got a lot less decking to oil and
- 7:20Speaker 2: it's really really special. But Eavier and you will have
- 7:22Speaker 2: heard this a million times, no doubt. If you've got
- 7:24Speaker 2: a large area of decking that you have to oil
- 7:27Speaker 2: and it's exposed to the sun, that's a mission, isn't
- 7:30Speaker 2: it work?
- 7:32Speaker 7: It is.
- 7:32Speaker 5: It is a mission, and it's a costly maintenance event
- 7:35Speaker 5: that happens sort of every twelve months if you want
- 7:37Speaker 5: it to be looking pristine.
- 7:38Speaker 7: So yeah, you don't want that headache, you can go
- 7:41Speaker 7: to composite.
- 7:42Speaker 5: Look, being a carpenter, I do love the hardwoods and timber,
- 7:45Speaker 5: but it's really difficult when we've all got busy lives
- 7:48Speaker 5: at the moment to make your home loook amazing.
- 7:51Speaker 7: All the time.
- 7:52Speaker 3: Yes, and you've kind of already alluded to this, But
- 7:55Speaker 3: what's the number one thing people are looking for when
- 7:57Speaker 3: it comes to designing pergolas and decks? Is it that
- 7:59Speaker 3: kind of ease not having to about stuff?
- 8:02Speaker 5: Yeah, it is a little bit about low maintenance, but
- 8:04Speaker 5: it's about how you're living out there, I think is
- 8:06Speaker 5: the most important thing.
- 8:07Speaker 7: You Know. Outdoor kitchens are really really becoming popular. I
- 8:10Speaker 7: think a lot of people are.
- 8:11Speaker 5: Utilizing the space that they've got and cooking outside save
- 8:15Speaker 5: the washing up types of things.
- 8:17Speaker 7: So I think, yeah, outdoor kitchens as well are being
- 8:19Speaker 7: really popular.
- 8:20Speaker 2: Yeah, but not only that, right, So if you go
- 8:22Speaker 2: if you go all in on an outdoor kitchen, that's
- 8:25Speaker 2: very very expensive, and you want to have it protected.
- 8:27Speaker 2: You can't have that exposed to the elements exactly.
- 8:31Speaker 5: Right, Well, you need to be you want to be
- 8:33Speaker 5: utilizing it all the time, So having a bit of
- 8:34Speaker 5: protection over there, you definitely need that for sure.
- 8:37Speaker 3: Yeah. And is there anything you know really special or
- 8:40Speaker 3: cool that you're working on now or that you've recently
- 8:42Speaker 3: been working on.
- 8:44Speaker 5: We just finished off a project in Deacon and it
- 8:46Speaker 5: had the absolute works in it, from a workshop to
- 8:49Speaker 5: a big pool, to levi and roofs to counter leave
- 8:53Speaker 5: it roofs. It was amazing projects. And yeah, it was
- 8:56Speaker 5: really happy to finish that one.
- 8:57Speaker 7: Off of it that there's come out fantastic, So yeah,
- 8:59Speaker 7: that's the one that comes to mind. And the charger
- 9:02Speaker 7: for the electric car out the front as well, so yeah,
- 9:04Speaker 7: it was really cool.
- 9:05Speaker 2: You must have those sorts of projects once it's done,
- 9:07Speaker 2: because there's always like lots of little speed bumps along
- 9:09Speaker 2: the way. You must stand back and look at that
- 9:12Speaker 2: when it's special and just go man, that was amazing
- 9:14Speaker 2: to work on.
- 9:16Speaker 7: Definitely, definitely.
- 9:17Speaker 5: I think I think that, you know, seeing the hard
- 9:19Speaker 5: work that's been put in for months and months and
- 9:21Speaker 5: months on a big project like that, and then you
- 9:23Speaker 5: sort of step back and then the client tells you
- 9:25Speaker 5: how they how they're utilizing it, how they love driving
- 9:27Speaker 5: in under their new little sort of carpool where the
- 9:29Speaker 5: lights turn on automatically for them.
- 9:31Speaker 6: You know.
- 9:32Speaker 7: Yeah, it's it's buddy awesome.
- 9:33Speaker 4: It sounds very fancy, doesn't it.
- 9:35Speaker 3: All Right, well, that was great, Thank you Xavier for
- 9:37Speaker 3: sharing that with us. Really interesting and I'm have a
- 9:39Speaker 3: great weekend too.
- 9:40Speaker 7: Thanks for a Thanks Cam, have a great one.
- 9:42Speaker 4: Cheers, guys, cheers, thank you. Xavier Duffy, who's a director
- 9:45Speaker 4: at ACT decks.
- 9:47Speaker 3: Well Cam Master build as ACT has launched a really
- 9:50Speaker 3: cool initiative and when we saw this, we were.
- 9:52Speaker 4: Like, oh, we've got to explore more of what this
- 9:55Speaker 4: is about.
- 9:55Speaker 3: And it's about getting young people into construction because we
- 9:59Speaker 3: know that we don't have enough construction workers, and so
- 10:02Speaker 3: there's a program to target exactly this. And Anna Nilagama
- 10:06Speaker 3: is CEO of Master Builders ACT and a good morning.
- 10:10Speaker 8: Good morning guys, great to be here.
- 10:11Speaker 4: Yeah, thanks for joining us.
- 10:12Speaker 3: Now tell us about the Junior Builders program and what
- 10:16Speaker 3: it aims to achieve.
- 10:18Speaker 8: Is thanks you. We're really excited about this one. Junior
- 10:20Speaker 8: Builders is a new school holiday program for six to
- 10:24Speaker 8: fifteen year olds to give them a bit of a
- 10:26Speaker 8: taste of what life would be like as a construction
- 10:30Speaker 8: worker generally, but as a carpenter in particular.
- 10:33Speaker 2: Yeah. Wow, And so I mean six is quite young,
- 10:36Speaker 2: because that's almost progressing from plastic hammers into the real thing,
- 10:40Speaker 2: isn't it.
- 10:42Speaker 8: It's absolutely so. Obviously, the safety planning and control of
- 10:46Speaker 8: course has been done really carefully, so I want to
- 10:48Speaker 8: ensure parents out there of that.
- 10:50Speaker 2: I mean, you're not detaining a nail gun to a
- 10:52Speaker 2: six year old.
- 10:53Speaker 6: Are you.
- 10:55Speaker 8: Absolutely not. But it's amazing what you can do. And
- 11:00Speaker 8: the program's broken up into little chunks, so kids actually
- 11:03Speaker 8: get to build something for themselves across the days, or
- 11:07Speaker 8: if they're only coming for one half day, and they're
- 11:09Speaker 8: things like toolboxes, birdhouses, dollhouses, cutting boards, planter boxes, and
- 11:16Speaker 8: even a paper and a stepping stone. So it's really
- 11:18Speaker 8: cool and kids will actually get to take those home
- 11:21Speaker 8: with them.
- 11:22Speaker 2: I was going to say, not only do they get
- 11:24Speaker 2: to build this and design it and work on it
- 11:26Speaker 2: and think about it, they've got something at the end
- 11:28Speaker 2: that they can take home to their loved ones.
- 11:30Speaker 7: So good.
- 11:31Speaker 3: Yeah, it's excellent and I love that you guys are
- 11:34Speaker 3: getting kids involved in this. Is it hard to attract
- 11:38Speaker 3: younger people into you know, building trades.
- 11:42Speaker 8: It absolutely is, and there's a few barriers to that.
- 11:46Speaker 8: One kids have had no exposure to construction. So that's
- 11:49Speaker 8: exactly why in school holidays, at younger ages, at that
- 11:53Speaker 8: kind of pre pre workforce age, it's important to give
- 11:56Speaker 8: them a bit of a taste of what are hands
- 11:59Speaker 8: on drop looks like, because a lot of people really
- 12:02Speaker 8: enjoy it to their surprise. And the second thing is
- 12:06Speaker 8: to educate parents, because parents are often the biggest barrier
- 12:11Speaker 8: to kids taking on board and apprenticeship. So I guess
- 12:15Speaker 8: for us, if they can see their children engaging in
- 12:18Speaker 8: this great program, coming into master builders, understanding what that
- 12:22Speaker 8: learning environment's like, understanding what the industry is like, that's
- 12:26Speaker 8: really really important for us.
- 12:27Speaker 3: And I guess from what it sounds like, they're not
- 12:29Speaker 3: just learning construction skills. You're getting them outside, You're getting
- 12:33Speaker 3: them to work with other people. You're getting them you know,
- 12:36Speaker 3: like there's a whole range of skills that they'll build
- 12:40Speaker 3: from this as well, not just you know, the building
- 12:42Speaker 3: side of it.
- 12:43Speaker 8: Absolutely, they're involved in like that.
- 12:45Speaker 4: Yeah.
- 12:46Speaker 8: Yeah, they're involved in safety planning, they have to mark
- 12:49Speaker 8: out little walkways, they sort of set up their learning
- 12:52Speaker 8: environments so it's the same as you would on the work.
- 12:54Speaker 8: So it's really getting them thinking about I guess the
- 12:58Speaker 8: whole project delivery, if you like, which is the real
- 13:01Speaker 8: skill of construction?
- 13:02Speaker 2: Right?
- 13:02Speaker 5: Yeah?
- 13:03Speaker 3: Absolutely, And funny, I'll be super quick when I tell
- 13:06Speaker 3: you this story. My five year old willow. She's not
- 13:08Speaker 3: quite odd enough to join your program yet. But is
- 13:11Speaker 3: it a trowel like a little shovel. It's more of
- 13:13Speaker 3: a gardening thing. That her nan got her a trow
- 13:16Speaker 3: for her birthday because she loves doing all that stuff outside.
- 13:19Speaker 4: Now she's digging, and you know, like it's just.
- 13:22Speaker 3: So cool to get them their hands dirty and working.
- 13:24Speaker 8: You know.
- 13:25Speaker 2: The next thing you need to give her though, the
- 13:26Speaker 2: doll before you dig telephone number. Oh yeah, because the
- 13:30Speaker 2: trowel then gets into shovels.
- 13:32Speaker 4: Yeah, yeah, yeah, I hear you. Trouble totally.
- 13:36Speaker 3: And when where can we learn more about this Junior
- 13:38Speaker 3: Builders program?
- 13:40Speaker 8: Just NBA dot org, dot a u slash training or
- 13:43Speaker 8: you can just give us a buzz thirteen hundred NBA ACT.
- 13:47Speaker 8: So this will be running for the first time ever
- 13:49Speaker 8: in the September school holidays.
- 13:50Speaker 3: Okay, well, people definitely need to sign their kids up
- 13:53Speaker 3: because it's so good and I thank you, I'm so
- 13:55Speaker 3: much for sharing that with us.
- 13:56Speaker 8: Thank you guys, have a great morning, you.
- 13:58Speaker 4: Too, see you later.
- 13:59Speaker 3: And Anila, who's CEO of Master Builder's ACT their Junior
- 14:02Speaker 3: Builder program.
- 14:03Speaker 4: How cool?
- 14:04Speaker 2: Well those are the interviews we most enjoyed in last
- 14:07Speaker 2: week's Mix one O six point three Real Estate Show.
- 14:09Speaker 2: If you love hearing about the latest trends, or you're
- 14:12Speaker 2: just up for a sticky beak, be sure to drop
- 14:14Speaker 2: by for a listen this Saturday between nine and
- 14:17Speaker 1: Ten Cam and Rene's Real Estate Show on Mix one
- 14:20Speaker 1: O six point three