Latest / The Real Estate Show / Mix 106.3's Real Estate Show - 15/08/26

Transcript

Mix 106.3's Real Estate Show - 15/08/26 · The Real Estate Show

• 0:00
  Speaker 1: Cameron Renee's Real Estate Show on Mix one O six
• 0:04
  Speaker 1: point three Step into Stylish, low maintenance living in Canberra's
• 0:08
  Speaker 1: in and North to Work by JW.
• 0:10
  Speaker 2: Land.
• 0:11
  Speaker 3: Well, we had another awesome show on Saturday, so now
• 0:13
  Speaker 3: it's time for the Mix one to six point three
• 0:15
  Speaker 3: Real Estate Show podcast.
• 0:16
  Speaker 4: Yes, indeed, thanks to JW.
• 0:17
  Speaker 5: Land and look, it was a moment for a moment
• 0:20
  Speaker 5: on the Tuesday afternoon, just after two thirty that we
• 0:23
  Speaker 5: had the opportunity to rejoice.
• 0:26
  Speaker 3: Rejoice and just say oh, okay, thank goodness this time because.
• 0:29
  Speaker 6: Interest rates were kept on hold.
• 0:31
  Speaker 3: But of course when that happens, even though people do
• 0:34
  Speaker 3: breathe a sigh of relief, the question then comes as to, okay,
• 0:37
  Speaker 3: how long can we enjoy this for?
• 0:39
  Speaker 5: And it's always really interesting to get Michael Yardney's take
• 0:42
  Speaker 5: on it, of course, CEO of Metropol Property Strategists and
• 0:45
  Speaker 5: host of the Michael Gyardeen podcast. He has really salient
• 0:48
  Speaker 5: comments and that's exactly what we get to experience in
• 0:51
  Speaker 5: the podcast here yet.
• 0:52
  Speaker 6: One hundred percent.
• 0:52
  Speaker 3: We also spoke to Adam Hoble from Adam Hoble Design
• 0:55
  Speaker 3: about those missing middle changes that kicked in from the
• 0:58
  Speaker 3: first of July, and of course they're all about bringing
• 1:00
  Speaker 3: more medium density housing into our local suburbs.
• 1:03
  Speaker 4: Yeah, and look, this is all around our act planning.
• 1:05
  Speaker 5: And it was good because he shared some experiences as
• 1:08
  Speaker 5: far as conversations that he's having with people just coming
• 1:10
  Speaker 5: out going is what exactly is this and what can
• 1:14
  Speaker 5: we do?
• 1:14
  Speaker 6: Yep, exactly. So that was a good chat with Adam.
• 1:16
  Speaker 3: And we spoke to Johnny Warren from Johnny Warren Properties
• 1:19
  Speaker 3: about a proposal that's been put forward to renovate twenty
• 1:23
  Speaker 3: social homes before Christmas to help Camber's homeless.
• 1:25
  Speaker 4: This is something that happened through the week.
• 1:27
  Speaker 5: I think he's been overwhelmed by the inundation of people
• 1:30
  Speaker 5: that have stepped forward to help about this.
• 1:32
  Speaker 2: Ye.
• 1:32
  Speaker 5: This all comes from a very personal story of Johnny's
• 1:35
  Speaker 5: as well, so we get to hear a little bit
• 1:37
  Speaker 5: about that and what it is exactly he's proposing to
• 1:40
  Speaker 5: do yep.
• 1:41
  Speaker 3: So it was great to learn about that from him
• 1:43
  Speaker 3: and we'll see what happens with that.
• 1:45
  Speaker 1: Mixed one O six point three's Property Tip of the
• 1:47
  Speaker 1: Week brought to you by Lister.
• 1:49
  Speaker 3: Your initial asking price is often your best chance to
• 1:52
  Speaker 3: capture buyer attention. Getting it right from the start can
• 1:55
  Speaker 3: generate far more interest in reducing it later.
• 1:57
  Speaker 6: This tip was brought to you by Lister well Can.
• 2:00
  Speaker 3: Many people around the country, including here in Canberra, would
• 2:03
  Speaker 3: have breathed a big sigh of relief just like that
• 2:06
  Speaker 3: this week.
• 2:07
  Speaker 4: I saw it just after two thirty on Tuesday afternoon.
• 2:10
  Speaker 4: It popped up and it's just like rejoice.
• 2:13
  Speaker 3: Yes, just for a moment, Just for a moment. But
• 2:15
  Speaker 3: for how long can we feel this way for? That's
• 2:18
  Speaker 3: what we're going to ask and find out this morning
• 2:19
  Speaker 3: what this all means and what we can expect our
• 2:21
  Speaker 3: guess in the coming months. And our regular guest property
• 2:25
  Speaker 3: commentator Michael Yarney, founder of Metropol Property Strategists and host
• 2:29
  Speaker 3: of the Michael Yarney Podcast, joins us. Michael, good morning,
• 2:31
  Speaker 3: Good morning Renee. Now, look, we had the three interest
• 2:34
  Speaker 3: rate increases early this year and the Reserve Bank kept
• 2:37
  Speaker 3: rates steady for two consecutive meetings.
• 2:40
  Speaker 6: Did their decision to surprise.
• 2:41
  Speaker 7: You, No, I think most commentators expecting the Reserve Bank
• 2:45
  Speaker 7: to remain unchanged with the interest rates in the August
• 2:49
  Speaker 7: meeting last week.
• 2:50
  Speaker 8: It's what I expected. But they have a statement afterwards
• 2:54
  Speaker 8: explaining how they think about things, and.
• 2:56
  Speaker 7: They told the public that inflation is still too high
• 3:00
  Speaker 7: and they don't expect inflation to return to where they're
• 3:04
  Speaker 7: wanting it to until late.
• 3:05
  Speaker 8: Twenty twenty seven, so that's over a year. And they
• 3:08
  Speaker 8: did warners that there is some upside risk. But I
• 3:13
  Speaker 8: think the good news is that this, just like you
• 3:15
  Speaker 8: were saying, gave consumer confidence a bit of a lift.
• 3:19
  Speaker 8: We've been a bit worried about this, and so this
• 3:22
  Speaker 8: should give some relief.
• 3:23
  Speaker 7: To homeowners' home buyers because another interest rate rise would
• 3:27
  Speaker 7: have really been disastrous for our housing markets.
• 3:29
  Speaker 8: For an a.
• 3:30
  Speaker 3: Yeah, And is the RBA more comfortable with the current
• 3:33
  Speaker 3: level of inflation and does this mean that interest rates
• 3:36
  Speaker 3: won't rise again or what does that look like?
• 3:38
  Speaker 8: Well, things are looking better than they were last time
• 3:42
  Speaker 8: the Reserve Bank met, especially after a couple of rates
• 3:47
  Speaker 8: steady holes. Now inflation is still high though, but it
• 3:51
  Speaker 8: is on the download treading. So remember, the Reserve Bank
• 3:53
  Speaker 8: is trying to control inflation, that's why they're filling with
• 3:57
  Speaker 8: interest rates, but they're also wanting the economy to keep
• 4:00
  Speaker 8: ticking over and people to have jobs. But one of
• 4:03
  Speaker 8: the big differences at the moment is that house prices
• 4:06
  Speaker 8: are falling around the country and the government doesn't like that.
• 4:10
  Speaker 8: The Reserve Bank's not overly.
• 4:12
  Speaker 2: Fussed about that.
• 4:14
  Speaker 8: That's not part of their mandates. But if house prices full,
• 4:18
  Speaker 8: inflation could fall a little bit further. But podia are unknown,
• 4:22
  Speaker 8: what's going to happen with the problems the war's overseas
• 4:25
  Speaker 8: and petrol prices. So another rate hike is possible, but
• 4:30
  Speaker 8: I think it's unlikely. I think we're going to have
• 4:32
  Speaker 8: these levels for at least another year or so. He
• 4:36
  Speaker 8: becase some good news. Banks are becoming more aggressive, they're
• 4:40
  Speaker 8: looking for business and even though rates haven't fallen officially
• 4:45
  Speaker 8: the money shops, any way they make money for their
• 4:48
  Speaker 8: yearholders is by selling loans, so to speak, and they're
• 4:51
  Speaker 8: not as much at the moment. So it's a good
• 4:54
  Speaker 8: time to review your mortgage see if you can get
• 4:56
  Speaker 8: a little bit cut off and make your life a
• 4:59
  Speaker 8: little bit cheaper.
• 5:00
  Speaker 5: Michael, you sort of just touched on it there as well.
• 5:03
  Speaker 5: So with that sort of tone of slowing, like we
• 5:06
  Speaker 5: know in many areas of Australia housing Michael has slowed.
• 5:09
  Speaker 5: With that tone of slowing, does it come into their
• 5:12
  Speaker 5: decision making.
• 5:14
  Speaker 7: No, No, their mandate is really to keep the inflation
• 5:19
  Speaker 7: between a band of two and three percent, and it
• 5:21
  Speaker 7: hasn't for a number of years, and to keep unemployment low,
• 5:26
  Speaker 7: in other words, that people have got jobs.
• 5:28
  Speaker 8: Nothing in their rules or what they've got to do
• 5:31
  Speaker 8: has to do with how the housing markets and let's
• 5:34
  Speaker 8: think giving political pressure. It's not meant to happen, but
• 5:37
  Speaker 8: a lot of people think. There are talks along the
• 5:40
  Speaker 8: inside there around the corridors about hey, don't let the
• 5:43
  Speaker 8: housing market crash.
• 5:45
  Speaker 3: Okay, all right, Well, we love chatting to you once
• 5:47
  Speaker 3: a month or so to get your insights and learn
• 5:49
  Speaker 3: where things are up to and sort of how it's
• 5:51
  Speaker 3: all looking and what you're expecting.
• 5:52
  Speaker 6: And we'll speak to you again soon, Michael.
• 5:54
  Speaker 2: Look forward to it for an thank you.
• 5:56
  Speaker 3: Cheers, Thanks very much, Michael Janni, CEO of Metropol Properties. Well,
• 6:01
  Speaker 3: can you remember us learning about the Missing Middle reforms
• 6:04
  Speaker 3: early this year, you know, all about building more medium
• 6:07
  Speaker 3: density housing in our local suburbs.
• 6:10
  Speaker 4: It's such a Thurston need for.
• 6:11
  Speaker 3: It totally, and so the changes with that kicked in
• 6:14
  Speaker 3: on the first of July this year, so we thought
• 6:16
  Speaker 3: we'd get an update on how that's all tracking and
• 6:19
  Speaker 3: Adam Hoble is principal building designer Adam Hoble Design and
• 6:22
  Speaker 3: author of the book Nail It Adam, Good morning.
• 6:26
  Speaker 2: Good morning guys, how are you good?
• 6:27
  Speaker 6: Thanks so much for joining us.
• 6:29
  Speaker 3: Now, look, remind us of what the missing middle is
• 6:31
  Speaker 3: and why it's important to the makeup of housing in Canberra.
• 6:35
  Speaker 2: Yeah, sure so, look pretty simply, the missing middle refers
• 6:39
  Speaker 2: to the types of housing options that Canberra has lacked
• 6:44
  Speaker 2: for a long time. Options other than standalone houses and
• 6:48
  Speaker 2: a big apartment block. They kind send to the two options.
• 6:52
  Speaker 2: So think duplexus, townhouses, terraces, that kind of thing. What
• 6:57
  Speaker 2: we do have that stock, but what the stock we
• 6:59
  Speaker 2: do have are generally much older properties. I think we're
• 7:02
  Speaker 2: all aware of the fact that Camera's established suburbs are
• 7:05
  Speaker 2: predominantly single houses on their own block, which is great
• 7:08
  Speaker 2: if you need space, but it leans that there's very
• 7:11
  Speaker 2: little in between for people who want to downsize and
• 7:14
  Speaker 2: still grow some veggies, for example, or young families who
• 7:17
  Speaker 2: can't afford or don't need a larger block.
• 7:19
  Speaker 5: Okay, and so as a designers that the conversations that
• 7:22
  Speaker 5: you're having with people as well, does it reflect what's
• 7:25
  Speaker 5: going on in the community.
• 7:26
  Speaker 2: Oh absolutely, Yeah, there's been a big gap in that
• 7:30
  Speaker 2: property segment for a long long time here in.
• 7:32
  Speaker 3: Canberra, okay, And so what are the changes that started
• 7:35
  Speaker 3: on the first of July.
• 7:37
  Speaker 2: So, look, the biggest change is that this missing middle
• 7:41
  Speaker 2: housing is now allowed on zed one zoned blocks, which
• 7:46
  Speaker 2: is about eighty percent of residential land in the act.
• 7:51
  Speaker 2: So these blocks used to be locked to single houses,
• 7:56
  Speaker 2: but they can now be redeveloped as duelock for season townhouses.
• 8:00
  Speaker 2: And these blocks can now also be consolidated into larger blocks,
• 8:04
  Speaker 2: which generally allows for greater density. However, sensibly and thankfully
• 8:09
  Speaker 2: high limits to still cap the two stories even for
• 8:12
  Speaker 2: that development.
• 8:13
  Speaker 3: Okay, And so what are you seeing with your work, Like,
• 8:15
  Speaker 3: lots of people taking this up and wanting to, you know,
• 8:19
  Speaker 3: take advantage of it.
• 8:21
  Speaker 2: There's a lot of interest in it. It is still
• 8:23
  Speaker 2: very very new. I've had certainly some inquiries. There's two
• 8:28
  Speaker 2: sides to this story. One is the potential for development
• 8:32
  Speaker 2: and housing choices, as we said, and of course the
• 8:35
  Speaker 2: downside is the potential for four outcomes in terms of
• 8:41
  Speaker 2: streetscape and suburban character. As you know, the fear of
• 8:46
  Speaker 2: greater density is kind of now very real for a
• 8:49
  Speaker 2: lot of people, you know, in their suburban settings. So
• 8:53
  Speaker 2: that's that's gonna be a real challenge.
• 8:56
  Speaker 5: I mean, that's a real concern, There's no doubt about that.
• 8:58
  Speaker 5: But if this is done properly, then it's should add
• 9:00
  Speaker 5: to a suburb, shouldn't that?
• 9:02
  Speaker 2: It definitely should? It absolutely should. I mean the fact
• 9:06
  Speaker 2: that we're going to get more housing choice, more people
• 9:11
  Speaker 2: invigorating our suburbs is a great option. How about population
• 9:18
  Speaker 2: is changing, so to be able to offer options for
• 9:21
  Speaker 2: people in different life stages, more diversity in property values,
• 9:26
  Speaker 2: the potential improvement for home affordability, all these things that
• 9:29
  Speaker 2: have a significant upside.
• 9:31
  Speaker 6: Yeah, one hundred percent.
• 9:32
  Speaker 3: And where's the best place to learn about, you know,
• 9:35
  Speaker 3: what people can and can't do with it?
• 9:36
  Speaker 4: Other than Adam Hopal Design You can definitely call you,
• 9:41
  Speaker 4: But yeah, where is the place to go?
• 9:44
  Speaker 8: Yeah?
• 9:44
  Speaker 2: Well, the ACT Planning website is kind of the first
• 9:50
  Speaker 2: place to start for all of those missing middle housing reforms.
• 9:54
  Speaker 2: As kind of the general some of it's all pretty overwhelming. Yes,
• 9:58
  Speaker 2: you probably may need someone who is in this industry
• 10:01
  Speaker 2: to actually start to apply some of that to your
• 10:04
  Speaker 2: particular block particular, your particular suburban neighborhood to understand how
• 10:08
  Speaker 2: that might roll out for you individually. And yes, absolutely
• 10:12
  Speaker 2: reach out to a friendly local building designer architect to
• 10:15
  Speaker 2: do so, not.
• 10:16
  Speaker 6: Naming any name, but you know.
• 10:18
  Speaker 4: I mean, you're exactly right. We have this conversation with
• 10:20
  Speaker 4: the place.
• 10:21
  Speaker 5: We have been in in Cambar for a long long
• 10:24
  Speaker 5: time up until recently, and so it's on a big
• 10:27
  Speaker 5: enough block and so we absolutely asked this question because
• 10:30
  Speaker 5: I mean, okay, here's the option. Do we stay where
• 10:34
  Speaker 5: we are and pull this place down and build something
• 10:37
  Speaker 5: that is multi generational, that has an area for youngest daughter, Matilda,
• 10:41
  Speaker 5: who's still with us.
• 10:42
  Speaker 4: So there's a thousand different.
• 10:44
  Speaker 5: Variations, isn't there, Adam, And and it's well worth asking the question.
• 10:48
  Speaker 2: Absolutely, And I mean there are certainly some criteria about
• 10:53
  Speaker 2: block sizes and other things that are important, but no
• 10:56
  Speaker 2: two blocks are the same. Our established suburbs are all
• 11:02
  Speaker 2: different constraints, things like trees, easements, topography or slope of
• 11:07
  Speaker 2: the block, orientation block all these things have a very
• 11:11
  Speaker 2: unique outcome on design and the opportunity the potential feed
• 11:16
  Speaker 2: to individual block. And so you know they had to
• 11:18
  Speaker 2: be explored separately and individually totally.
• 11:22
  Speaker 8: Well.
• 11:22
  Speaker 3: People should definitely get some advice if that's something they've
• 11:24
  Speaker 3: been thinking about.
• 11:25
  Speaker 6: Adam, We love having you on. Thanks so much for
• 11:27
  Speaker 6: your time this morning.
• 11:28
  Speaker 2: Thanks Betts, having great weekending you.
• 11:30
  Speaker 3: To Adam Hoble, Principal building designer at Adam hobl Design. Well, Cam,
• 11:35
  Speaker 3: you would have of course read about this really interesting
• 11:39
  Speaker 3: and cool proposal that was sort of came out through
• 11:41
  Speaker 3: the week. I guess a proposal to renovate twenty Canberra
• 11:46
  Speaker 3: vacant social homes before Christmas to help people who need it,
• 11:51
  Speaker 3: who need to get into a home, because there's lots
• 11:52
  Speaker 3: of those, isn't there. So we thought we'd find out
• 11:55
  Speaker 3: a bit more about this proposal, how it came about
• 11:57
  Speaker 3: and sort of where it's all up to. And Johnny
• 12:00
  Speaker 3: Lauren is Director o A sales team leader and auctioneer
• 12:02
  Speaker 3: at Johnny Warren Properties.
• 12:04
  Speaker 6: Johnny, good morning, How are.
• 12:05
  Speaker 9: You, Yes, very well, thank you. How are you guys?
• 12:08
  Speaker 3: Yeah, we're great, Thanks so much for coming on the
• 12:10
  Speaker 3: show and we're stoked to be able to be talking
• 12:12
  Speaker 3: to you about this.
• 12:13
  Speaker 6: Tell us what you're proposing to do here?
• 12:15
  Speaker 9: Yeah, look after the Vinny sleep Out we are. You know,
• 12:20
  Speaker 9: after we digested everything, we decided to, you know, let's
• 12:24
  Speaker 9: go a step further. Let's get twenty people before Christmas
• 12:29
  Speaker 9: that are doing it hard, living out on the streets
• 12:32
  Speaker 9: into housing. So twenty twenty houses before Christmas and you
• 12:37
  Speaker 9: get people off the streets.
• 12:39
  Speaker 3: Okay, and what kind of houses and what are you
• 12:41
  Speaker 3: looking to do with them?
• 12:42
  Speaker 9: What we're trying to do is you know, the houses
• 12:45
  Speaker 9: that are sitting there vacant. You know, we've got a
• 12:48
  Speaker 9: whole heap of people behind us to do all the
• 12:51
  Speaker 9: maintenance work, paint, carpet or just clean the houses and
• 12:56
  Speaker 9: just get them ready in a quicker time frame to
• 12:58
  Speaker 9: get people in there.
• 13:00
  Speaker 4: So mate, why is this important to you?
• 13:03
  Speaker 8: Yeah?
• 13:03
  Speaker 9: Well, look, you know, I've experienced homelessness firsthand myself, so
• 13:08
  Speaker 9: you know, being able to help people in you know,
• 13:12
  Speaker 9: those needs, and you know, it's just one of those
• 13:15
  Speaker 9: things that is just close to my heart. And I'm
• 13:18
  Speaker 9: in a fortunate position now where I can, you know,
• 13:21
  Speaker 9: raise the awareness a bit more and it's just very important.
• 13:25
  Speaker 2: To just be their first hand and be.
• 13:27
  Speaker 9: Able to help people.
• 13:28
  Speaker 6: Yeah. Absolutely, And who else is sort of helping with this, Yeah.
• 13:32
  Speaker 9: Joe Farrell We've got Tom Emerson, Joe Whitfield, and you know,
• 13:36
  Speaker 9: there's over one hundred and eighty seven people that have
• 13:39
  Speaker 9: put their hand together to be out there and you know,
• 13:42
  Speaker 9: lend their support and you know, it's just been very overwhelming,
• 13:45
  Speaker 9: and it's just amazing to see the community get together
• 13:49
  Speaker 9: and want to help firsthand.
• 13:51
  Speaker 4: SEEZ, that's a lot of power. I know, this sort
• 13:52
  Speaker 4: of only came to light at.
• 13:54
  Speaker 5: The beginning of the week, so you've got well over
• 13:56
  Speaker 5: one hundred and fifty people that have all sort of
• 13:58
  Speaker 5: jumped in and ready to go.
• 13:59
  Speaker 4: Johnny, we do, we do.
• 14:02
  Speaker 9: And I didn't expect it to blow up so much
• 14:04
  Speaker 9: as what it has. But I had to turn my
• 14:08
  Speaker 9: phone off for a few hours yesterday. I just thought
• 14:10
  Speaker 9: I could have a little bit of a peace and quiet.
• 14:13
  Speaker 9: But you know, at the end of the day, it's
• 14:14
  Speaker 9: not about me. It's about raising awareness and just helping
• 14:18
  Speaker 9: people out.
• 14:18
  Speaker 2: In the community.
• 14:19
  Speaker 9: Yea.
• 14:20
  Speaker 6: And what happens from here, Like, what's the next step
• 14:22
  Speaker 6: with this?
• 14:24
  Speaker 3: Yeah, Look, we've.
• 14:24
  Speaker 9: Got a few more, let's just say, hurdles to jump over.
• 14:29
  Speaker 9: But you know, we're working together with Act Housing to
• 14:35
  Speaker 9: a used to secure these houses through government and We're
• 14:40
  Speaker 9: going to organize a meeting next week with them. We
• 14:42
  Speaker 9: had one on Tuesday, and look, it's getting it's getting closer.
• 14:47
  Speaker 9: I feel like we're going to get.
• 14:48
  Speaker 8: This across the line.
• 14:49
  Speaker 3: Okay, Well, we'll cross our fingers and toes for you
• 14:52
  Speaker 3: that that happens, because the fact that you've so many
• 14:54
  Speaker 3: people have rallied for this, it'd be so great to
• 14:57
  Speaker 3: see it happen.
• 14:57
  Speaker 4: Absolutely yeah.
• 14:59
  Speaker 9: I hope, I hope we do get it across the line.
• 15:01
  Speaker 9: And I just want to say thank you to everyone
• 15:03
  Speaker 9: that has, you know, put their hands up to help,
• 15:06
  Speaker 9: and you know, it's just it's just truly amazing. Once
• 15:10
  Speaker 9: the community gets together and people start talking about it,
• 15:13
  Speaker 9: it's just it's just an amazing thing. And just all
• 15:16
  Speaker 9: the support that we've got, it's just yeah, I just
• 15:19
  Speaker 9: I'm just very grateful.
• 15:20
  Speaker 3: Yeah, it must be so heartwarming. Absolutely well, Johnny, thank
• 15:23
  Speaker 3: you so much. We hope to chat to you about
• 15:25
  Speaker 3: this again. Keep in touch and let us know how
• 15:27
  Speaker 3: it all goes, and we'll speak to.
• 15:28
  Speaker 6: You again soon.
• 15:29
  Speaker 8: Excellent.
• 15:30
  Speaker 3: Thanks guys, Johnny Warren from Johnny Warren Properties there. You
• 15:33
  Speaker 3: can learn about it more online, but we'll see what
• 15:36
  Speaker 3: ends up.
• 15:36
  Speaker 6: Happening. I guess well.
• 15:38
  Speaker 5: Those are the interviews we most enjoyed in last week's
• 15:41
  Speaker 5: Mixed one O six point three real Estate Show. If
• 15:43
  Speaker 5: you love hearing about the latest trends, or you're just
• 15:46
  Speaker 5: up for a sticky beak, be sure to drop by
• 15:48
  Speaker 5: for a listen this Saturday between nine and ten Jam
• 15:51
  Speaker 5: and
• 15:51
  Speaker 1: Renee's Real Estate Show on Mix one O six point
• 15:54
  Speaker 1: three