February 16, 2025 • 16 mins
- Michael Yardney, CEO of Metropole Property Strategists examines some of the Property market’s confusing messages
- What are some of the unexpected expenses first home buyers still face? Ben Power, Buyers Agent at Johnny Warren Properties breaks out the calculator
- When it comes to multilevel construction, what does topping out mean? Wayne Harriden, Director of Residential at Civium provides some insight
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Cameron Renee's Real Estate Show on Mix one O six
point three be the Envy of Camera Live in de
Burg at Northbourne Village by JW Land now selling.
Speaker 2 (00:10):
So where we go with our podcast, Hello Renee. Once again,
this is an opportunity to revisit some of the discussions
that we had in the show on Saturday morning because
we're on air each Saturday thanks to JW Land nine
through ten with the Real Estate Show Renee. You'll also
to remember a couple of weeks ago, I said that
I was going to the topping out ceremony of de Burg.
(00:31):
We had that conversation and we we sort of knew
what topping out was.
Speaker 3 (00:35):
Yeah, well I didn't really know much about it at all,
and so I was like, oh, what is it?
Speaker 4 (00:41):
What are you doing? And so here we are we're
going to learn more about it.
Speaker 2 (00:44):
Absolutely, so as we're recording this now, I've actually been
to the topping out, so I we'll let.
Speaker 5 (00:50):
Wayne Harridan speak more about it.
Speaker 2 (00:52):
But it was pretty cool, Like I mean, I was
in high visit.
Speaker 5 (00:55):
A hard hat.
Speaker 4 (00:55):
Oh sweet.
Speaker 2 (00:56):
And I've said so many times on the radio over
the years, I've.
Speaker 5 (00:59):
Got no play on a job site. I wouldn't last
two seconds.
Speaker 4 (01:03):
It doesn't belong in your hands. Oh no, no, no, I'm.
Speaker 5 (01:06):
Okay, I can do that sort of stuff. I would
last one moment on a JP and just be squashed.
Speaker 3 (01:11):
Oh well, you've got to go on this one for
a bit, which must have been fun, but it was cool.
Speaker 5 (01:15):
There were lots of people there as well.
Speaker 2 (01:16):
One of the other things that we're doing, and we've
been speaking about on a number of occasions, was this
very cool offer by Zango. They're giving people the opportunity
to win twenty five thousand dollars towards a first home loan, yes, which.
Speaker 4 (01:28):
Is life changing. The winner is going to be announced.
Speaker 3 (01:31):
At Skyfire this year, which is extra awesome. And so
between now and then, we've been exploring different first home
buyer related topics. That's it today, and I think this
is a really important big one managing unexpected expenses, because
I feel like this happens to everyone buying house, but
especially first home buy.
Speaker 2 (01:51):
And so let's list through a couple that we spoke
about the potential renovations and immediate improvements that may be required.
Speaker 3 (01:58):
Oh, there's all different insurances as well, all sorts of fees,
strata fees, possibly rates, deposits.
Speaker 4 (02:05):
Some places require a high deposit than others. There's so
many and.
Speaker 2 (02:08):
So this is where the twenty five K towards your
first home deposit can go such.
Speaker 4 (02:13):
A long way invaluable. This is awesome.
Speaker 3 (02:17):
So we're going to find out about all these unexpected expenses.
Speaker 2 (02:20):
Yeah, and it's been powered by his agent at Johnny
Warren Properties who.
Speaker 5 (02:23):
Helped us out with that. So there we go.
Speaker 2 (02:24):
We set up our podcast. I enjoy now and thank
you so much for listening.
Speaker 3 (02:29):
Well, can believe it or not, we're already well into
February for goodness sake, and how property markets are showing
some confusing messages it seems. Are the latest results just
a blip all the beginning of a property downturn? That's
what we want to ask our regular guest expert, Michael Yarney,
founder of Metropol Property Strategists and host of the Michael
(02:51):
Yarny Podcast.
Speaker 4 (02:51):
Michael, good morning.
Speaker 6 (02:53):
Good morning, Renee. Good to hear your voice again, Oh
you too, thank you.
Speaker 3 (02:57):
Now, look, the results from various research showed property values
to be flat or falling in the month of jan.
Speaker 4 (03:04):
Now, what do you make of this, Michael?
Speaker 3 (03:06):
And is it just a seasonal downturn or our housing
markets in trouble.
Speaker 6 (03:10):
I don't think our housing markets in trouble Renee. But yes,
it has been a quiet month over January, with overall
core Logic showing that the property values were much the
same but over Australia, but the marketing is safe for
different Melbourne fell zero point six percent, just a tiny bit,
Camera half a percent, Sidney half percent, but Adelaide, Perth
(03:33):
and Brisbane did particularly well. But if we look over
the last twelve months, Canberra in particular, where our listeners
has been flat all around. According to core Logic, prices
in Canbra dropped half a percent. That's not really a
droper crash. And I think when interest rates eventually full
confidence is going to come back and people will be
(03:54):
back in the market.
Speaker 7 (03:55):
Yeah.
Speaker 2 (03:56):
Really interesting that you talk about this because Sam McGregor
from Windrow's Property was also digging down on the local
numbers of the Eco Logic report recently and he was
saying that for the month of December and January, those
two months combined were busier for them than the six
months proceeding. So you're sort of right when we say
(04:16):
confusing messages and some people are saying one thing, some
people are saying another.
Speaker 6 (04:21):
And you know where there isn't one camera. Property markets
can be the new home market and really you're never
going to be able to buy one of the new homes.
Is the nicest state cheaper, Land's not going to get cheaper,
and construction costs.
Speaker 4 (04:35):
Aren't Yeah, okay.
Speaker 3 (04:36):
And one of the big questions people are, of course
asking interest rates. We've been told we can expect to
rate down been fab We have been told that before, though,
so what are your thoughts on this?
Speaker 6 (04:48):
Well, the meeting of the Reserve Bank is Monday and
Tuesday coming up in a couple of days time. They're
going to announce the result on Tuesday two point thirty.
And the thought from almost all the economous is that
interest rates are going to drop. All our four big
banks believe they're going to drop. The question is how
many times A and Z Bank think they're only going
(05:11):
to be too decreases in interest rates this cycle two
half percent as our court presenting drops. Others as banks
are suggesting up to five per drops and interest rates,
so I think there's enough evidence that they will fall
in a couple of days time. And then We'll just
have to see what the economy does, what employment does,
(05:32):
not just inflation to how often interest rates.
Speaker 2 (05:35):
Fall further they if they do take a draw this week,
what do you think will happen? What you know, will
people go crazy or will people also just sit back
and go Well, they're still quite high compared to what
they were a couple of years ago.
Speaker 6 (05:47):
Well, zero two five percent isn't going to change people's
mortgages much or their budgets much. Yes, it will make
it a little bit easier. I think it's going to
bring confidence back, and that's what the camera market needs. Okay,
I can commit to my new home, I can commit
to an investor or whatever. I know that it's not
going to get worse. I'm not going to get caught
out by rising rates. They've been waiting for this. But
(06:10):
you're right, too many false starts so far, so I
think real confidence isn't going to come until there's been
a couple of jobs, and that'll happen as the progressors can.
Speaker 3 (06:20):
Yet, I completely agree with you, Michael. Thank you so
much for your time as always, and have a great weekend.
We'll speak to you again soon.
Speaker 6 (06:27):
Look forward to speaking to you sir, Thanks, thank you.
Speaker 3 (06:30):
Michael Yardni, CEO of Metropol Property Strategists. There well, Zango
have their fantastic competition going at the moment can where
you can win twenty five thousand dollars for a deposit
for a first home buyer. Sure and the winner will
be announced at Skyfire this year, which is fantastic.
Speaker 4 (06:47):
And so in the lead up to that happening, we're.
Speaker 3 (06:49):
Exploring a bunch of different topics related to first home buyers.
Speaker 2 (06:53):
Yeah, and so we thought we jumping on this idea
of extra expenses because we know there is the deposit,
which is what Zengo is putting their twenty five k towards.
If you're lucky enough to win, then of course you've
got the loan itself. Then you've got to worry about
servicing the loan or all those sorts of things, yeap.
But there is a long list of other things that
you've got to consider, oh.
Speaker 3 (07:12):
So many, and many of which some first home buyers
may not know because they have an experience before, so
how would they know? And Ben Power is buyas agent
at Johnny Warren Properties, can tell us a bit more
about this.
Speaker 4 (07:23):
Good morning Ben, Good morning.
Speaker 7 (07:26):
Cam how are you?
Speaker 4 (07:27):
Yes, good, Thank you.
Speaker 3 (07:28):
Now, look, can you list some of these other unexpected
expenses that we're talking about that first home buyers need
to be aware of.
Speaker 4 (07:36):
Can you give us some examples.
Speaker 7 (07:39):
Yeah, there's quite a.
Speaker 8 (07:39):
Few actually, so I mean to name some. You've got
your insurances, You've got building inspection reports, s reports, solicitor fees,
and then you've got things like connecting to your internet, potentially,
removalless fees, property valuations, strata fees. It could buying into
(08:00):
a board body corporate and any potential renovations or immediate
improvements you might need to do on the property once
you get into the property, as well as any potential
duty that.
Speaker 7 (08:12):
May be payable under the home by concession machine.
Speaker 8 (08:16):
So it's worth first home buyers just to have a
look at a see Revenue Office website and check the
criteria for that as well.
Speaker 5 (08:23):
Okay, so that's quite the list.
Speaker 2 (08:25):
And there's other things as well, like I mean, do
you have enough furniture for the place? I mean you
might already have a set of things, but then you've
got an extra room maybe where you've got to put
some stuff in. So look, it just goes on. What's
the best way to manage these other expenses.
Speaker 8 (08:39):
Yeah, I think it's just about having a detailed plan
from the start and budgeting, so then when you start
to get up to the point where you need to
outlay for these expenses, you're prepared.
Speaker 9 (08:51):
Yeah.
Speaker 4 (08:51):
Absolutely, Preparation is key, that's for sure.
Speaker 3 (08:53):
Now, Ben, what was the one big unexpected expense for
you when you bought your first time?
Speaker 7 (09:01):
You know what?
Speaker 8 (09:02):
I remember when I first moved in, I had the
largest gas bill. So I remember the following year in May,
I was still not turning the heater on, and then
I was just living in a truck suit. And then
finally it just became too much for me and I
was like, I've got to turn the heater on. But
(09:22):
by that time adjusted and budgeted and it started to
account for those extra expenses once you're living in that property.
Speaker 5 (09:28):
Yeah, so heating and cooling. There's another one.
Speaker 3 (09:30):
Okay, we hadn't even listed before, so all I can
see and here is hundreds and thousands of dollars.
Speaker 4 (09:36):
It's all starting to add up, isn't it.
Speaker 6 (09:38):
Now.
Speaker 3 (09:39):
What's the best piece of advice that you've heard given
to a first home buyer.
Speaker 8 (09:44):
Yeah, I think to do your research and speak with
people that you trust and then be as prepared as
possible for the journey. And obviously you may consider using
a bios agent for professional help, you know, as we
will guide you through the entire process from end to
end and protect you from potentially buying having a buying
(10:07):
missup for what would be your largest investment.
Speaker 4 (10:11):
Yeah, one hundred percent.
Speaker 3 (10:12):
All right, Ben, Well, some great advice and tips and
information there.
Speaker 4 (10:16):
Thank you so much for sharing that with us this morning.
Speaker 8 (10:18):
Yeah, thanks for having me, Renee, have a great day,
chiefed in.
Speaker 3 (10:21):
See you later, Ben, Power buyers agent at Johnny Warren Properties.
And if you've got friends or mates who've just recently
moved for the first time as well, like chat to
them because no doubt they've been stung in different ways.
Speaker 5 (10:31):
I think Ben's exactly right.
Speaker 2 (10:32):
They trusted advice, advice from people that you can absolutely
rely on who have also had experience.
Speaker 4 (10:38):
Yeah, for sure.
Speaker 3 (10:39):
Speaking of de Burgh in Linem, they have got their
fantastic development happening out there. And you attended the topping
out ceremony for this, and it got.
Speaker 4 (10:50):
The discussion going is what does topping out actually mean?
Speaker 2 (10:52):
Yeah, so we sort of have I mean I've seen
them on videos what it is. It was more about
sort of like the history behind it and why we
do it, why it started, why we continue to do it.
And then I went for the first time and there
was lots of people. So are up on the very
very top floor. I know someone from the radio station
also who was invited who couldn't go.
Speaker 5 (11:12):
Do you know why?
Speaker 2 (11:15):
Yes, well no, I'm sure this person would stomp on me.
Speaker 4 (11:24):
Fair enough well that that can't be an issue. If
you're going to go to something like this, we need like.
Speaker 2 (11:27):
We had high vis on, we had a hard hat
and I said earlier this morning I would last one
second on a job side anyway.
Speaker 5 (11:35):
So and we got into the lift that went up,
but it's.
Speaker 7 (11:38):
All in closed.
Speaker 2 (11:40):
You cannot believe the complexity that goes in to building
these buildings. Just the amount of scaffolding myself. And then
so you go in the lifting, you go up the
six floors and then you come out and we did
have to walk, so we came out onto a concrete piece,
but then we had to walk along a scaffolding piece.
Speaker 5 (12:00):
You look down and it's the six flaws.
Speaker 4 (12:01):
Like don't look down, I'm not supposed to look down.
It's so complex, yeah, but really cool to be up
there that.
Speaker 9 (12:09):
Yeah.
Speaker 4 (12:10):
So we're going to learn more about now topping out,
the history of it? What does it mean? Wayne Harrod
and Director of Residential at Cybium, joins us Highwayne Key
going renee, yes, good, thank you. Now, look what is
a topping out ceremony for those who don't know? And
what happens at one ye interesting?
Speaker 7 (12:26):
Actually, I've talked about the brief history of it. It's
a tradition that they thought started centuries you go.
Speaker 9 (12:31):
And Scandinavia where builders would place a small tree or
a branch at the highest point of the structure to
honor nature, to see good fortune for the building into
the occupants. So that's where it comes from. Topping out parties.
I guess where all the project stakeholders, including builders, architects, subcontractors,
radio personalities and agents.
Speaker 7 (12:53):
Come together to celebrate the achievement.
Speaker 9 (12:56):
They hold great significance in the construction industry beyond the
structure all implications.
Speaker 7 (13:01):
Talking out, it's a symbolic.
Speaker 9 (13:03):
Gesture that acknowledges the hardware dedication skill and the skill
of the construction team and the architects and the builders
and everybody involved. It's a great moment of reflection, pride
and celebration.
Speaker 5 (13:14):
Yeah, and that's it is.
Speaker 2 (13:16):
It was still and it was you know, there's some
nice presentations made and yes we had there was a
tree up there and sort of the ceremonial digging of
the tree, even though it was just a photo opportunity,
but it did go then to honor nature.
Speaker 7 (13:30):
Right, Yeah, that's exactly right. That's the link, isn't it.
Speaker 3 (13:34):
Yeah, for sure, And like you say, it is important
to honor because, like Cam said, there there's so much
complexity involved in developments like this, so it's important to
be able to step back and look at it and
congratulate all those involved.
Speaker 9 (13:47):
I think it's amazing when Michael, the CEO of JW
Lan Construction, spoke about the amount of concrete and still
that went into the building, also the man hours, and
it's just incredible.
Speaker 2 (13:58):
And the thing that resonated for me when he was
talking about the hours going into it as all the
people that that employs, both you know, local and people
coming in from elsewhere, not just to do the construction,
but to do the fitting out. And then you know,
we hand it over to people like yourself won and
at sibim To then you know, spread the word about
these places to buy and go and lift it in.
Speaker 7 (14:21):
Yeah, it just shows to support that they did jabber
your rangage camera.
Speaker 9 (14:25):
I just talk about local employers and supplies being responsible
for over eighty percent of that construction, which is phenomenal
and scrape scrape camera.
Speaker 4 (14:34):
Yeah, absolutely. And what did you love most about the
topic out event on Thursday?
Speaker 7 (14:38):
It's interesting, isn't it? Talking to camp beside Simon from
the views, the views.
Speaker 9 (14:44):
Are tremendous, and just learning more about the construction and
just how much effort and energy goes into it, and
looking across at all the people that were so proud
of you tievement.
Speaker 7 (14:53):
It's just a wonderful event.
Speaker 5 (14:55):
Yeah, all right, And so here it's coming back at
you now mate.
Speaker 2 (14:57):
So when we were having those conversations, there was a
bunch of people around you going, don't forget to mention.
We've got the sales and we've got the blind special.
So here here's your thirty seconds, mate.
Speaker 7 (15:06):
There's always a sales opportunity, isn't it. Look we're open today.
Turn to twelve down at the displays.
Speaker 9 (15:12):
You can't make it jump on all homes and register
your interest and we'll get an information pack out to you.
The developer has cindently made an offer to celebrate the
topping out ceremoney where he'll give you a blind's.
Speaker 7 (15:22):
Package as part of the part of the purchase price.
There's not many left.
Speaker 9 (15:26):
I think we're down to about sixty sixty five, which
is not a great deal, but there is a good
selection and they start from four hundred and forty thousand.
Speaker 4 (15:33):
There you go, there you go, beautiful.
Speaker 3 (15:35):
All right, Wayne, Well, I'm glad you enjoyed the event.
Thank you so much for coming on the show this morning,
and welcome. Speak to you again, Seine, Thank you each one.
Speaker 7 (15:42):
Thanks guys, talk then.
Speaker 4 (15:44):
Wayne, Wayne Harrod and director of Residential at STAVI in there.
So there you go, topping out. We now know what
it means.
Speaker 2 (15:50):
Well, those are the interviews we most enjoyed in last
week's Mixed one A six point three real estate show.
If you love hearing about the latest trends, or you're
just up for a sticky beak, be sure to drop
by for a listen this Saturday between nine and ten
Cam
Speaker 1 (16:03):
And Rene's Real Estate Show on Mix one O six
point three
Cameron Renee's Real Estate Show on Mix one O six
point three be the Envy of Camera Live in de
Burg at Northbourne Village by JW Land now selling.
Speaker 2 (00:10):
So where we go with our podcast, Hello Renee. Once again,
this is an opportunity to revisit some of the discussions
that we had in the show on Saturday morning because
we're on air each Saturday thanks to JW Land nine
through ten with the Real Estate Show Renee. You'll also
to remember a couple of weeks ago, I said that
I was going to the topping out ceremony of de Burg.
(00:31):
We had that conversation and we we sort of knew
what topping out was.
Speaker 3 (00:35):
Yeah, well I didn't really know much about it at all,
and so I was like, oh, what is it?
Speaker 4 (00:41):
What are you doing? And so here we are we're
going to learn more about it.
Speaker 2 (00:44):
Absolutely, so as we're recording this now, I've actually been
to the topping out, so I we'll let.
Speaker 5 (00:50):
Wayne Harridan speak more about it.
Speaker 2 (00:52):
But it was pretty cool, Like I mean, I was
in high visit.
Speaker 5 (00:55):
A hard hat.
Speaker 4 (00:55):
Oh sweet.
Speaker 2 (00:56):
And I've said so many times on the radio over
the years, I've.
Speaker 5 (00:59):
Got no play on a job site. I wouldn't last
two seconds.
Speaker 4 (01:03):
It doesn't belong in your hands. Oh no, no, no, I'm.
Speaker 5 (01:06):
Okay, I can do that sort of stuff. I would
last one moment on a JP and just be squashed.
Speaker 3 (01:11):
Oh well, you've got to go on this one for
a bit, which must have been fun, but it was cool.
Speaker 5 (01:15):
There were lots of people there as well.
Speaker 2 (01:16):
One of the other things that we're doing, and we've
been speaking about on a number of occasions, was this
very cool offer by Zango. They're giving people the opportunity
to win twenty five thousand dollars towards a first home loan, yes, which.
Speaker 4 (01:28):
Is life changing. The winner is going to be announced.
Speaker 3 (01:31):
At Skyfire this year, which is extra awesome. And so
between now and then, we've been exploring different first home
buyer related topics. That's it today, and I think this
is a really important big one managing unexpected expenses, because
I feel like this happens to everyone buying house, but
especially first home buy.
Speaker 2 (01:51):
And so let's list through a couple that we spoke
about the potential renovations and immediate improvements that may be required.
Speaker 3 (01:58):
Oh, there's all different insurances as well, all sorts of fees,
strata fees, possibly rates, deposits.
Speaker 4 (02:05):
Some places require a high deposit than others. There's so
many and.
Speaker 2 (02:08):
So this is where the twenty five K towards your
first home deposit can go such.
Speaker 4 (02:13):
A long way invaluable. This is awesome.
Speaker 3 (02:17):
So we're going to find out about all these unexpected expenses.
Speaker 2 (02:20):
Yeah, and it's been powered by his agent at Johnny
Warren Properties who.
Speaker 5 (02:23):
Helped us out with that. So there we go.
Speaker 2 (02:24):
We set up our podcast. I enjoy now and thank
you so much for listening.
Speaker 3 (02:29):
Well, can believe it or not, we're already well into
February for goodness sake, and how property markets are showing
some confusing messages it seems. Are the latest results just
a blip all the beginning of a property downturn? That's
what we want to ask our regular guest expert, Michael Yarney,
founder of Metropol Property Strategists and host of the Michael
(02:51):
Yarny Podcast.
Speaker 4 (02:51):
Michael, good morning.
Speaker 6 (02:53):
Good morning, Renee. Good to hear your voice again, Oh
you too, thank you.
Speaker 3 (02:57):
Now, look, the results from various research showed property values
to be flat or falling in the month of jan.
Speaker 4 (03:04):
Now, what do you make of this, Michael?
Speaker 3 (03:06):
And is it just a seasonal downturn or our housing
markets in trouble.
Speaker 6 (03:10):
I don't think our housing markets in trouble Renee. But yes,
it has been a quiet month over January, with overall
core Logic showing that the property values were much the
same but over Australia, but the marketing is safe for
different Melbourne fell zero point six percent, just a tiny bit,
Camera half a percent, Sidney half percent, but Adelaide, Perth
(03:33):
and Brisbane did particularly well. But if we look over
the last twelve months, Canberra in particular, where our listeners
has been flat all around. According to core Logic, prices
in Canbra dropped half a percent. That's not really a
droper crash. And I think when interest rates eventually full
confidence is going to come back and people will be
(03:54):
back in the market.
Speaker 7 (03:55):
Yeah.
Speaker 2 (03:56):
Really interesting that you talk about this because Sam McGregor
from Windrow's Property was also digging down on the local
numbers of the Eco Logic report recently and he was
saying that for the month of December and January, those
two months combined were busier for them than the six
months proceeding. So you're sort of right when we say
(04:16):
confusing messages and some people are saying one thing, some
people are saying another.
Speaker 6 (04:21):
And you know where there isn't one camera. Property markets
can be the new home market and really you're never
going to be able to buy one of the new homes.
Is the nicest state cheaper, Land's not going to get cheaper,
and construction costs.
Speaker 4 (04:35):
Aren't Yeah, okay.
Speaker 3 (04:36):
And one of the big questions people are, of course
asking interest rates. We've been told we can expect to
rate down been fab We have been told that before, though,
so what are your thoughts on this?
Speaker 6 (04:48):
Well, the meeting of the Reserve Bank is Monday and
Tuesday coming up in a couple of days time. They're
going to announce the result on Tuesday two point thirty.
And the thought from almost all the economous is that
interest rates are going to drop. All our four big
banks believe they're going to drop. The question is how
many times A and Z Bank think they're only going
(05:11):
to be too decreases in interest rates this cycle two
half percent as our court presenting drops. Others as banks
are suggesting up to five per drops and interest rates,
so I think there's enough evidence that they will fall
in a couple of days time. And then We'll just
have to see what the economy does, what employment does,
(05:32):
not just inflation to how often interest rates.
Speaker 2 (05:35):
Fall further they if they do take a draw this week,
what do you think will happen? What you know, will
people go crazy or will people also just sit back
and go Well, they're still quite high compared to what
they were a couple of years ago.
Speaker 6 (05:47):
Well, zero two five percent isn't going to change people's
mortgages much or their budgets much. Yes, it will make
it a little bit easier. I think it's going to
bring confidence back, and that's what the camera market needs. Okay,
I can commit to my new home, I can commit
to an investor or whatever. I know that it's not
going to get worse. I'm not going to get caught
out by rising rates. They've been waiting for this. But
(06:10):
you're right, too many false starts so far, so I
think real confidence isn't going to come until there's been
a couple of jobs, and that'll happen as the progressors can.
Speaker 3 (06:20):
Yet, I completely agree with you, Michael. Thank you so
much for your time as always, and have a great weekend.
We'll speak to you again soon.
Speaker 6 (06:27):
Look forward to speaking to you sir, Thanks, thank you.
Speaker 3 (06:30):
Michael Yardni, CEO of Metropol Property Strategists. There well, Zango
have their fantastic competition going at the moment can where
you can win twenty five thousand dollars for a deposit
for a first home buyer. Sure and the winner will
be announced at Skyfire this year, which is fantastic.
Speaker 4 (06:47):
And so in the lead up to that happening, we're.
Speaker 3 (06:49):
Exploring a bunch of different topics related to first home buyers.
Speaker 2 (06:53):
Yeah, and so we thought we jumping on this idea
of extra expenses because we know there is the deposit,
which is what Zengo is putting their twenty five k towards.
If you're lucky enough to win, then of course you've
got the loan itself. Then you've got to worry about
servicing the loan or all those sorts of things, yeap.
But there is a long list of other things that
you've got to consider, oh.
Speaker 3 (07:12):
So many, and many of which some first home buyers
may not know because they have an experience before, so
how would they know? And Ben Power is buyas agent
at Johnny Warren Properties, can tell us a bit more
about this.
Speaker 4 (07:23):
Good morning Ben, Good morning.
Speaker 7 (07:26):
Cam how are you?
Speaker 4 (07:27):
Yes, good, Thank you.
Speaker 3 (07:28):
Now, look, can you list some of these other unexpected
expenses that we're talking about that first home buyers need
to be aware of.
Speaker 4 (07:36):
Can you give us some examples.
Speaker 7 (07:39):
Yeah, there's quite a.
Speaker 8 (07:39):
Few actually, so I mean to name some. You've got
your insurances, You've got building inspection reports, s reports, solicitor fees,
and then you've got things like connecting to your internet, potentially,
removalless fees, property valuations, strata fees. It could buying into
(08:00):
a board body corporate and any potential renovations or immediate
improvements you might need to do on the property once
you get into the property, as well as any potential
duty that.
Speaker 7 (08:12):
May be payable under the home by concession machine.
Speaker 8 (08:16):
So it's worth first home buyers just to have a
look at a see Revenue Office website and check the
criteria for that as well.
Speaker 5 (08:23):
Okay, so that's quite the list.
Speaker 2 (08:25):
And there's other things as well, like I mean, do
you have enough furniture for the place? I mean you
might already have a set of things, but then you've
got an extra room maybe where you've got to put
some stuff in. So look, it just goes on. What's
the best way to manage these other expenses.
Speaker 8 (08:39):
Yeah, I think it's just about having a detailed plan
from the start and budgeting, so then when you start
to get up to the point where you need to
outlay for these expenses, you're prepared.
Speaker 9 (08:51):
Yeah.
Speaker 4 (08:51):
Absolutely, Preparation is key, that's for sure.
Speaker 3 (08:53):
Now, Ben, what was the one big unexpected expense for
you when you bought your first time?
Speaker 7 (09:01):
You know what?
Speaker 8 (09:02):
I remember when I first moved in, I had the
largest gas bill. So I remember the following year in May,
I was still not turning the heater on, and then
I was just living in a truck suit. And then
finally it just became too much for me and I
was like, I've got to turn the heater on. But
(09:22):
by that time adjusted and budgeted and it started to
account for those extra expenses once you're living in that property.
Speaker 5 (09:28):
Yeah, so heating and cooling. There's another one.
Speaker 3 (09:30):
Okay, we hadn't even listed before, so all I can
see and here is hundreds and thousands of dollars.
Speaker 4 (09:36):
It's all starting to add up, isn't it.
Speaker 6 (09:38):
Now.
Speaker 3 (09:39):
What's the best piece of advice that you've heard given
to a first home buyer.
Speaker 8 (09:44):
Yeah, I think to do your research and speak with
people that you trust and then be as prepared as
possible for the journey. And obviously you may consider using
a bios agent for professional help, you know, as we
will guide you through the entire process from end to
end and protect you from potentially buying having a buying
(10:07):
missup for what would be your largest investment.
Speaker 4 (10:11):
Yeah, one hundred percent.
Speaker 3 (10:12):
All right, Ben, Well, some great advice and tips and
information there.
Speaker 4 (10:16):
Thank you so much for sharing that with us this morning.
Speaker 8 (10:18):
Yeah, thanks for having me, Renee, have a great day,
chiefed in.
Speaker 3 (10:21):
See you later, Ben, Power buyers agent at Johnny Warren Properties.
And if you've got friends or mates who've just recently
moved for the first time as well, like chat to
them because no doubt they've been stung in different ways.
Speaker 5 (10:31):
I think Ben's exactly right.
Speaker 2 (10:32):
They trusted advice, advice from people that you can absolutely
rely on who have also had experience.
Speaker 4 (10:38):
Yeah, for sure.
Speaker 3 (10:39):
Speaking of de Burgh in Linem, they have got their
fantastic development happening out there. And you attended the topping
out ceremony for this, and it got.
Speaker 4 (10:50):
The discussion going is what does topping out actually mean?
Speaker 2 (10:52):
Yeah, so we sort of have I mean I've seen
them on videos what it is. It was more about
sort of like the history behind it and why we
do it, why it started, why we continue to do it.
And then I went for the first time and there
was lots of people. So are up on the very
very top floor. I know someone from the radio station
also who was invited who couldn't go.
Speaker 5 (11:12):
Do you know why?
Speaker 2 (11:15):
Yes, well no, I'm sure this person would stomp on me.
Speaker 4 (11:24):
Fair enough well that that can't be an issue. If
you're going to go to something like this, we need like.
Speaker 2 (11:27):
We had high vis on, we had a hard hat
and I said earlier this morning I would last one
second on a job side anyway.
Speaker 5 (11:35):
So and we got into the lift that went up,
but it's.
Speaker 7 (11:38):
All in closed.
Speaker 2 (11:40):
You cannot believe the complexity that goes in to building
these buildings. Just the amount of scaffolding myself. And then
so you go in the lifting, you go up the
six floors and then you come out and we did
have to walk, so we came out onto a concrete piece,
but then we had to walk along a scaffolding piece.
Speaker 5 (12:00):
You look down and it's the six flaws.
Speaker 4 (12:01):
Like don't look down, I'm not supposed to look down.
It's so complex, yeah, but really cool to be up
there that.
Speaker 9 (12:09):
Yeah.
Speaker 4 (12:10):
So we're going to learn more about now topping out,
the history of it? What does it mean? Wayne Harrod
and Director of Residential at Cybium, joins us Highwayne Key
going renee, yes, good, thank you. Now, look what is
a topping out ceremony for those who don't know? And
what happens at one ye interesting?
Speaker 7 (12:26):
Actually, I've talked about the brief history of it. It's
a tradition that they thought started centuries you go.
Speaker 9 (12:31):
And Scandinavia where builders would place a small tree or
a branch at the highest point of the structure to
honor nature, to see good fortune for the building into
the occupants. So that's where it comes from. Topping out parties.
I guess where all the project stakeholders, including builders, architects, subcontractors,
radio personalities and agents.
Speaker 7 (12:53):
Come together to celebrate the achievement.
Speaker 9 (12:56):
They hold great significance in the construction industry beyond the
structure all implications.
Speaker 7 (13:01):
Talking out, it's a symbolic.
Speaker 9 (13:03):
Gesture that acknowledges the hardware dedication skill and the skill
of the construction team and the architects and the builders
and everybody involved. It's a great moment of reflection, pride
and celebration.
Speaker 5 (13:14):
Yeah, and that's it is.
Speaker 2 (13:16):
It was still and it was you know, there's some
nice presentations made and yes we had there was a
tree up there and sort of the ceremonial digging of
the tree, even though it was just a photo opportunity,
but it did go then to honor nature.
Speaker 7 (13:30):
Right, Yeah, that's exactly right. That's the link, isn't it.
Speaker 3 (13:34):
Yeah, for sure, And like you say, it is important
to honor because, like Cam said, there there's so much
complexity involved in developments like this, so it's important to
be able to step back and look at it and
congratulate all those involved.
Speaker 9 (13:47):
I think it's amazing when Michael, the CEO of JW
Lan Construction, spoke about the amount of concrete and still
that went into the building, also the man hours, and
it's just incredible.
Speaker 2 (13:58):
And the thing that resonated for me when he was
talking about the hours going into it as all the
people that that employs, both you know, local and people
coming in from elsewhere, not just to do the construction,
but to do the fitting out. And then you know,
we hand it over to people like yourself won and
at sibim To then you know, spread the word about
these places to buy and go and lift it in.
Speaker 7 (14:21):
Yeah, it just shows to support that they did jabber
your rangage camera.
Speaker 9 (14:25):
I just talk about local employers and supplies being responsible
for over eighty percent of that construction, which is phenomenal
and scrape scrape camera.
Speaker 4 (14:34):
Yeah, absolutely. And what did you love most about the
topic out event on Thursday?
Speaker 7 (14:38):
It's interesting, isn't it? Talking to camp beside Simon from
the views, the views.
Speaker 9 (14:44):
Are tremendous, and just learning more about the construction and
just how much effort and energy goes into it, and
looking across at all the people that were so proud
of you tievement.
Speaker 7 (14:53):
It's just a wonderful event.
Speaker 5 (14:55):
Yeah, all right, And so here it's coming back at
you now mate.
Speaker 2 (14:57):
So when we were having those conversations, there was a
bunch of people around you going, don't forget to mention.
We've got the sales and we've got the blind special.
So here here's your thirty seconds, mate.
Speaker 7 (15:06):
There's always a sales opportunity, isn't it. Look we're open today.
Turn to twelve down at the displays.
Speaker 9 (15:12):
You can't make it jump on all homes and register
your interest and we'll get an information pack out to you.
The developer has cindently made an offer to celebrate the
topping out ceremoney where he'll give you a blind's.
Speaker 7 (15:22):
Package as part of the part of the purchase price.
There's not many left.
Speaker 9 (15:26):
I think we're down to about sixty sixty five, which
is not a great deal, but there is a good
selection and they start from four hundred and forty thousand.
Speaker 4 (15:33):
There you go, there you go, beautiful.
Speaker 3 (15:35):
All right, Wayne, Well, I'm glad you enjoyed the event.
Thank you so much for coming on the show this morning,
and welcome. Speak to you again, Seine, Thank you each one.
Speaker 7 (15:42):
Thanks guys, talk then.
Speaker 4 (15:44):
Wayne, Wayne Harrod and director of Residential at STAVI in there.
So there you go, topping out. We now know what
it means.
Speaker 2 (15:50):
Well, those are the interviews we most enjoyed in last
week's Mixed one A six point three real estate show.
If you love hearing about the latest trends, or you're
just up for a sticky beak, be sure to drop
by for a listen this Saturday between nine and ten
Cam
Speaker 1 (16:03):
And Rene's Real Estate Show on Mix one O six
point three
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.