March 23, 2025 • 17 mins
- When downsizing, what do I do with all my stuff? Steve Lowe, Director at Agent Team Canberra has just helped one of his clients in down sizing. He has some great suggestions
- Gabbie Foster, Managing Director at Capital Estate Developments has everything you need to know about Denman Prospect’s new display village
- New Homes to fall almost 400,000 short of the federal targets. What does this mean for housing affordability for homeowners, buyers or renters? Bushy Martin, Realty Talk and KnowHow Property Finance dives in headfirst to have a look
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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 oh six
point three be the Envy of Camera Live in de Burgert,
Northborne Village by JW. Land now selling.
Speaker 2 (00:10):
Okay, we can ticket off Rena another real estate show
on the radio over the weekend, and now we get
to relive it.
Speaker 3 (00:16):
Yes we do.
Speaker 4 (00:17):
And we chatted about lots of interesting things in the
real estate show, one of which we were looking at
when you downsize, what do you do with all your stuff? Now,
everyone has some sort of story, whether it be from
their own family or friends who've encountered this very problem.
Speaker 2 (00:32):
Yeah, and look, when we say this, we're talking about
not just the idea of take going to the tip, right,
It's not the idea of filling up skip bins and
sending them off to the tip. This is years and
years and years of accumulated stuff that means a lot to.
Speaker 4 (00:46):
Us, and every little tiny thing as a story. And
so departing with those many things can be really difficult
at the whole process.
Speaker 2 (00:54):
Now, one of our regular guests, Steve Low from the
agent Tam camera, he's going through this and he's off
this stle of service to some of his clients who
are downsizing and moving into smaller places and have tons
and tons and tons of stuff, and he's helping them
to not just chuck it away, but let's say, manage
it if you like.
Speaker 4 (01:12):
Yes, exactly, because you're managing that and the people involved.
Speaker 2 (01:16):
Yeah, yeah, yeah, and all the emotions. Really interesting discussion,
So I get to hear that in the podcast. Yeah,
for sure.
Speaker 4 (01:21):
And there's also this report that was released can which
shows that delivering new homes, it's going to fall about
nearly four hundred thousand are dwelling short of the target
combined capital city.
Speaker 3 (01:31):
So that sounds like a lot to me.
Speaker 2 (01:32):
Yeah, Bushy Martin Again, one of our regular guests is
very very passionate about this, and he spoke about it
at length and it was a really really engaging discussion.
So I get to hear that in the podcast as well.
Thank you so much for having us both on the
radio and listening to our podcast. Enjoy, Yes we can.
Speaker 4 (01:48):
When people downsize, often they have lots and lots and.
Speaker 2 (01:53):
Lots and lots and lots and lots and lots and
lots of lots of stuff.
Speaker 4 (01:56):
Yes, and it's usually things that have been accumulated over
a very long time. They have sentimental value. It's a
very tricky process where real estate agents have to tread
very lightly.
Speaker 2 (02:07):
Yeah, very and carefully and emotionally. And you're so right.
So when you're going from a bigger house that you've
lived in forever forty maybe years, maybe sometimes longer, and
then you're going down into maybe a three bedroom, two
bedroom townhouse, yep, guess what? Yep, You've got lots of stuff.
Speaker 3 (02:25):
And you can't fit it all in. So what do
you do?
Speaker 4 (02:29):
So we're going to ask that very question to Steve Low,
director of Agent Team Canberra.
Speaker 3 (02:33):
Good morning, Steve, how are you good?
Speaker 5 (02:35):
Thanks?
Speaker 4 (02:36):
Now, look, you have helped people downsize. How much of
a real issue is.
Speaker 3 (02:40):
This for people?
Speaker 5 (02:42):
It's actually the number one issue. It's what stops most
downsizes from making the actual move. And it's really just
because they've got say forty or fifty years work of belonging.
Seeing around them everything has some sort of sentimental value
and they just really get stuck on what do I
do with all my stuff? Yeah?
Speaker 2 (03:02):
And this is the thing. The words there are sentimental value,
aren't they they are.
Speaker 5 (03:08):
I met with a couple the other day and yeah,
they still had their fifty year old with someone's baby teeth.
Speaker 3 (03:14):
Oh my goodness.
Speaker 4 (03:15):
You could go into someone's house and they'd be like
a plastic bottle and they they'd be like, sure, we can.
Speaker 3 (03:19):
Get rid of that. Oh no, my auntie and so
and so gave me that. We can't get rid of
that anyway.
Speaker 4 (03:25):
So you've been dealing with this and you've got an example,
a current example.
Speaker 5 (03:30):
Yeah. So we help a lot of downsides in Canberra
transition to retirement villages and things like that, and it
is a little bit of a speciality because it takes
a lot of time and patience. But yeah, classic case
and point for the moment is a property that we're
selling and reed we've been able to offer them completely
hands off package. Basically, we pack them up and transition
(03:52):
them into a retirement village, set them up at the
retirement village, fresh milk and bread on the counter, and
then we move into their house, basic prepare it for
sale and get on the market. So it's really hands
off for them and as simple as it could be.
Speaker 2 (04:05):
Okay, So, but you haven't really addressed the problem. The
problem is the stuff. So other than throwing everything out,
what's the first thing that you can do to manage
this well.
Speaker 5 (04:17):
We actually have a special team that will come in
and work with the clients and they will systematically work
through all the person's belongings and work with them to
figure out what they'd like to keep and move, what
they would like to donate, sell, or try to auction off,
and worst case scenario, if we can't deal with it
(04:38):
in any of those fashions, then the only other option
for it is landfill. But at least we've tried ethically
to get rid of everything in the right manner and
they feel good about it. We've been able to turn
some of that stuff into some value. But working with
our team, they can tell the client exactly what is
worth something and what's not worth that.
Speaker 2 (04:58):
So, Steve, what you're saying is the teeth, the teeth
a going to the tip.
Speaker 5 (05:03):
Yeah, the teeth a going into the tip.
Speaker 3 (05:06):
Oh, my goodness.
Speaker 4 (05:07):
And the lock of hair, the lock of baby's hair
that's got to go to the tip too, I think sorry, Oh,
is this like a common thing that you're encountering.
Speaker 5 (05:16):
All the time. Yeah, yeah, specifically with downsizes, most people
looking to upside, so we move from a three to four.
They get it and they're a little bit less sentimental
about things and they just make it happen. But with downsizes,
it's really just the thing that stops most people. My
furniture is not going to fit in the new place.
What am I going to do with all my china cabinet?
All those kind of problems we take care of step
(05:38):
by step, and you just say them getting really overwhelmed.
Speaker 2 (05:42):
So you're talking about what you're doing. Is there another resources?
Is a wider resource that people can go to? Do
you know about that? You know about?
Speaker 5 (05:50):
Yeah? Care and that's my secret sauce. You have that resource.
Speaker 2 (05:58):
You mentioned this property as well, give it that a
quick as well, because it's a big property. I've had
to look at the pictures.
Speaker 5 (06:03):
It's massive, Yes, it's It's one of those properties that
you walk into and you instantly feel at home and relaxed.
It's a beautiful design, beautiful gardens, really really well maintained
and loved. Oh it's our history, and yeah it'll be.
It's being very popular so far, so I don't think
(06:24):
it'll take long to sell this one.
Speaker 4 (06:25):
Lovely and just quickly, what's the address?
Speaker 5 (06:28):
This one is too gear on gardens in reed.
Speaker 4 (06:30):
Awesome, so people can look it up online. All right, Steve, Well,
very interesting chat. I feel like we could talk to
you for a long time about this, but we'll have
to leave it there. Thank you so much.
Speaker 5 (06:39):
Now to have a great weekend.
Speaker 4 (06:41):
That's Steve Low, director of agent team canbra some very
good insights there cam into a very tricky problem.
Speaker 2 (06:47):
Well, I love this because you've already started this at
your house, haven't you.
Speaker 3 (06:51):
They're getting rid of stuff.
Speaker 2 (06:52):
Do you want to tell us about your shopping list?
Speaker 5 (06:54):
Oh?
Speaker 3 (06:55):
From this morning? Oh my goodness.
Speaker 4 (06:57):
Okay, I'm going to be upfront about it because I'm
just going to be on about this because everyone does it,
and if you're going to pretend you don't, you just
got Okay. I walked out of the house this morning
with the grocery list on a piece of paper, and
on the back of that piece of paper is some
coloring of different colors. It may yeah. My three year
old spotted it and she's like, oh, what's what's that?
(07:17):
That looks like my drawing? And I said, oh, no,
it's just an old piece of paper. What we do
is when there's lots and lots of extra painting.
Speaker 2 (07:29):
Choosing your words carefully here.
Speaker 3 (07:31):
We may cut some up and use them for shopping lists.
We can't keep them all.
Speaker 2 (07:35):
Can you just put them in folders?
Speaker 4 (07:37):
He folders, hair like, you can put some in fold
We keep plenty.
Speaker 3 (07:42):
We can't keep them all. She busted me this morning.
Speaker 2 (07:44):
What you're saying is you take willow is it?
Speaker 6 (07:47):
Yeah?
Speaker 2 (07:47):
You take willows beautiful pictures and drawings and you cut
them up. Yes, I do use them as shopping.
Speaker 4 (07:55):
Lists sometimes, not all of them. And I'm not the
only one out there. It's okay to be honest about it.
Speaker 6 (08:00):
Guys.
Speaker 4 (08:01):
Well, we know there's all sorts of awesome things happening
out at Demon Prospect. Just recently, cam my Partnerjim, and
I took our little ones to the new park out
there opposite the new shops. Yes, the sort of space themed.
Speaker 2 (08:13):
Park that they've got so not just space them. So
when that was opened last year, when you're on Matt Leeve,
I went down straight away to have a look at that.
And so the space theme is in the shape of
the observatory and they consulted the A and U. We're
putting all that together.
Speaker 3 (08:29):
Yeah, so just one it's incredible.
Speaker 4 (08:30):
Yeah, awesome things that are happening out there, awesome community
and today there's a special event happening demon Prospects new
Display Village opens today with lots happening from twelve o'clock
and Gabby Foster is managing director at Capital Estate Developments.
Speaker 7 (08:45):
Good morning, Gabby, Good morning guys.
Speaker 3 (08:47):
Now tell us what's happening from twelve o'clock today.
Speaker 7 (08:50):
We've got lots of workshops happening with food and entertainment
to mark the launch of the new Demo Prospect Display Village. Jim,
We've got homes from eight bill from the region and
there's something different to do inside of them. So there's
landscaping workshops, interior design and cooking demos. There's also plenty
of other things to see and do along Romano Street
(09:11):
here in Demon Prospect.
Speaker 2 (09:12):
Must be kind of cool for you because you will
be around this. These houses don't just take one minute
to build. They took it a long time to build.
So you see them from inception, then planning, then they
come out of the ground and then all of a sudden,
you know they're all shiny and ready to go. Today,
that's quite the moment, it is.
Speaker 7 (09:27):
Indeed, there's nothing better than seeing that scaffolding coming down
in the big reveal of these beautiful homes. It is
really an exciting.
Speaker 5 (09:34):
Day for it.
Speaker 2 (09:34):
So you talk about some of the things that are
happening inside of the homes. What are some of the
sustainable innovations that we get to see today.
Speaker 7 (09:42):
So all of the homes are fully electric and they
showcase also how to build on a sloping block, which
is pretty important out here and that means that we
can really maximize those stunning views across dem and Prospect.
This morning the balloons were floating through the Molongo Valley
and it was really something pretty special. There's also different
features throughout the homes like thermally broken windows, high quality insulation.
(10:06):
We've got solar on every roof here in Demon and
of course water tanks as well, and all of the
homes that here is to the Demon Prospect Building and
Sighting guidelines which really embrace diversity of the architecture and
lend themselves to a unique streetscape.
Speaker 4 (10:24):
Yeah, for sure, And I guess today is not just
an opportunity for people to check out the display village,
but also to get a real sense and feel of
what the community is like there and all the awesome
things that are going on.
Speaker 7 (10:34):
Absolutely, it really is quite an active community here. It's
amazing to think that we're ten years in now and
we're about halfway through. We're passed halfway through the development.
So we've got people that have been living here for
nearly nine years and they really have taken There's a
lot of a sense of ownership throughout the community and
it'll be good to have some future residents coming in
(10:55):
to get some ideas from the different display homes today too.
Speaker 4 (10:59):
Yeah for sure. Well it's on from twelve to four today.
Definitely go and check it out. Gabby, thanks so much
for your time.
Speaker 3 (11:05):
You're already there, no doubt got a thousand jobs. But
thank you so much for joining us, and good.
Speaker 2 (11:09):
Luck with the day too.
Speaker 7 (11:11):
Thanks guys really appreciate it.
Speaker 4 (11:12):
Thank you, Gabby Foster, who's managing director at Capital Estate Developments.
Speaker 1 (11:16):
There.
Speaker 3 (11:16):
I'll go along check out the new display village today.
Speaker 6 (11:20):
Hey Rena, how are you Cam?
Speaker 2 (11:21):
Yeah? Really good. Now we don't just say good morning,
we welcome him back for the first time this year,
so mate, great to have you back with us. Thank
you so much for your time this morning.
Speaker 6 (11:29):
Loving you, mate, I love joining you as often as
I can.
Speaker 5 (11:32):
Good.
Speaker 4 (11:32):
Oh, thank you. Now, look give us an overview of
this report.
Speaker 6 (11:36):
Yeah, well, it was actually two reports released last week.
Speaker 7 (11:39):
Guys.
Speaker 6 (11:39):
There was the Property Council's Mandela Partner's Report that indicated
we're going to be four hundred and sixty two thousand
I'm short on the federal governments National Housing a Corp.
Target of one point two million homes by twenty twenty nine.
And then there was the State of the Land report
by the UDIA, which reckons we're around about four hundred
and ninety three thousand twenty short. So if we pick
(12:01):
an average, we're about four hundred thousand short, which is
about a third of what we need to be providing
over the time. And breaking it down, that means we've
got to do about two hundred and forty thousand houses
a year. We only had one hundred and thirty six
thousand completed last year, and we only had one hundred
and seventy thousand approved, So I don't think we've got
a snowballs hope in hell of getting anywhere that target.
Speaker 2 (12:24):
Yeah, it's interesting that you mentioned the Property Council. I
attended an Act Property Council event through the week of
the press Club, and it was a residential and planning
lunch and so the Actam Minister for Housing, Christeel, spoke
there and there are two big things to come out
of that number one day. And this is the first
time I'd heard of this term, and it's going to
be a term that we hear more of. They called
it middle housing and the lack of middle housing so
(12:46):
bushy in Canberra. We have enough of the high end
stuff and the market has been flooded with apartments and units,
but what they're saying is there's a real lack and
we already knew this of dwellings like three bedroom townhouses
and so yes, we've got plenty of say four bedroom
houses with two bathrooms and a double garage, but then
(13:07):
what we don't have is the properties that have the
opportunity to have two dwellings on it. So they've put
this under the umbrella of middle housing. And the other
big thing that they spoke about was the regulation. And
so you know, there was construction people, there was builders,
and regulation is the massive showstopper. And you know, to
his credit, Cristille committed to reviewing regulation. But these are
(13:31):
the two big things in Canberra that are holding us back.
Speaker 6 (13:34):
Yeah, absolutely spot on and you make a good point.
I think that housing is talked about as a numbers game.
It's not a numbers game. It's about the right house
for the right need in the right spot. And you
talk about middle housing, just throwing units and stuff just
to get the numbers up isn't really satisfying it because
that's not what people want. So le's we get that right.
(13:56):
Then we've got a real issue there. And there's some
really interesting stuff that came out of the report that
really looked at those economic factors that we really need
to take a grip of, because we've got housing prices
rising much faster than household incomes. We've got rental markets
being seriously unsupplied, particularly in some of the unit market listings,
(14:20):
in the apartment market in certain areas around the country.
And we're seeing significant cost increases, you know, up to
thirty three percent construction cost increases with big trade shortages
as well.
Speaker 5 (14:32):
So the gap is.
Speaker 6 (14:33):
Getting significantly wider across the board and all of that, guys,
and something almost a wartime cabinet is going to be
required to get.
Speaker 5 (14:43):
This back on track if we're serious about it.
Speaker 4 (14:45):
Okay, So in light of all of that Cam mentioned
this earlier, I'm going to ask you, if you were
the minister for a day, what would you do to
address the housing crisis.
Speaker 6 (14:54):
Well, this would be a bit like letting Dracula loose
in the blood bak. Guys, it'd be pretty interesting. But
I actually do the pole or opposite of what everyone
else is kind of opposing in relations building government and
private property investors. So firstly, I'd instag got a massive
marketing campaign on the benefits and safety of building because
(15:15):
of buildings on the nose at the moment, given what's
happened in the last few years. But that's going to be
doning conjunction with the government giving guarantees on building cost time,
delivering quality control by supporting reputable builders to overcome the
sort of very bad sentiment that's attached to it. Secondly,
I'd actually centralized planning and approval processes to really reduce
(15:39):
this time the lay blockages that are happening with planning
and approvals. We need to take some really hard measures there,
and then ensure, as I say, the right top of
housing is being built in the right locations to meet
the needs, not just the numbers gain. Thirdly, I'd ensure
that there was a return to the future by the
government actually getting the hands did in getting back in
the game and having direct responsibility for physical provision of
(16:03):
public housing because they're not doing it. About two percent
is public housing these days. And lastly, but not definitely,
not the least, I'd embrace investors as my best friends
instead of treading as my worst enemies. And because Mum
and doubt investors currently provide eighty percent of the evental
and housing stock, I'd be further enticing them and new
homeowners to build by ramping up tax incentives, not reducing them,
(16:27):
and therefore making sure we don't continue to buy our
families despite our fight.
Speaker 2 (16:32):
See that's it's easier in age. Let's go Bushy down.
Need a camera, Let's get it done.
Speaker 4 (16:36):
It sounds like Bushy has pictured himself or reading a
few times standing in Parliament there.
Speaker 2 (16:41):
Although I'd be surprised if Bushy actually owns a suit,
I don't heed.
Speaker 4 (16:47):
Oh goodness me all right, Bushy, Well, thank you so
much for your time and your insights. As always, we
really appreciate it. Thank you, Bushy Martin realty talk and
know how property financed?
Speaker 2 (16:59):
Well, those are the interviews we most enjoyed in last
week's Mix one O 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
Speaker 1 (17:12):
Camon Rene's Real Estate Show on Mix one O six
point three
Cameron Renee's Real Estate show on Mix one oh six
point three be the Envy of Camera Live in de Burgert,
Northborne Village by JW. Land now selling.
Speaker 2 (00:10):
Okay, we can ticket off Rena another real estate show
on the radio over the weekend, and now we get
to relive it.
Speaker 3 (00:16):
Yes we do.
Speaker 4 (00:17):
And we chatted about lots of interesting things in the
real estate show, one of which we were looking at
when you downsize, what do you do with all your stuff? Now,
everyone has some sort of story, whether it be from
their own family or friends who've encountered this very problem.
Speaker 2 (00:32):
Yeah, and look, when we say this, we're talking about
not just the idea of take going to the tip, right,
It's not the idea of filling up skip bins and
sending them off to the tip. This is years and
years and years of accumulated stuff that means a lot to.
Speaker 4 (00:46):
Us, and every little tiny thing as a story. And
so departing with those many things can be really difficult
at the whole process.
Speaker 2 (00:54):
Now, one of our regular guests, Steve Low from the
agent Tam camera, he's going through this and he's off
this stle of service to some of his clients who
are downsizing and moving into smaller places and have tons
and tons and tons of stuff, and he's helping them
to not just chuck it away, but let's say, manage
it if you like.
Speaker 4 (01:12):
Yes, exactly, because you're managing that and the people involved.
Speaker 2 (01:16):
Yeah, yeah, yeah, and all the emotions. Really interesting discussion,
So I get to hear that in the podcast. Yeah,
for sure.
Speaker 4 (01:21):
And there's also this report that was released can which
shows that delivering new homes, it's going to fall about
nearly four hundred thousand are dwelling short of the target
combined capital city.
Speaker 3 (01:31):
So that sounds like a lot to me.
Speaker 2 (01:32):
Yeah, Bushy Martin Again, one of our regular guests is
very very passionate about this, and he spoke about it
at length and it was a really really engaging discussion.
So I get to hear that in the podcast as well.
Thank you so much for having us both on the
radio and listening to our podcast. Enjoy, Yes we can.
Speaker 4 (01:48):
When people downsize, often they have lots and lots and.
Speaker 2 (01:53):
Lots and lots and lots and lots and lots and
lots of lots of stuff.
Speaker 4 (01:56):
Yes, and it's usually things that have been accumulated over
a very long time. They have sentimental value. It's a
very tricky process where real estate agents have to tread
very lightly.
Speaker 2 (02:07):
Yeah, very and carefully and emotionally. And you're so right.
So when you're going from a bigger house that you've
lived in forever forty maybe years, maybe sometimes longer, and
then you're going down into maybe a three bedroom, two
bedroom townhouse, yep, guess what? Yep, You've got lots of stuff.
Speaker 3 (02:25):
And you can't fit it all in. So what do
you do?
Speaker 4 (02:29):
So we're going to ask that very question to Steve Low,
director of Agent Team Canberra.
Speaker 3 (02:33):
Good morning, Steve, how are you good?
Speaker 5 (02:35):
Thanks?
Speaker 4 (02:36):
Now, look, you have helped people downsize. How much of
a real issue is.
Speaker 3 (02:40):
This for people?
Speaker 5 (02:42):
It's actually the number one issue. It's what stops most
downsizes from making the actual move. And it's really just
because they've got say forty or fifty years work of belonging.
Seeing around them everything has some sort of sentimental value
and they just really get stuck on what do I
do with all my stuff? Yeah?
Speaker 2 (03:02):
And this is the thing. The words there are sentimental value,
aren't they they are.
Speaker 5 (03:08):
I met with a couple the other day and yeah,
they still had their fifty year old with someone's baby teeth.
Speaker 3 (03:14):
Oh my goodness.
Speaker 4 (03:15):
You could go into someone's house and they'd be like
a plastic bottle and they they'd be like, sure, we can.
Speaker 3 (03:19):
Get rid of that. Oh no, my auntie and so
and so gave me that. We can't get rid of
that anyway.
Speaker 4 (03:25):
So you've been dealing with this and you've got an example,
a current example.
Speaker 5 (03:30):
Yeah. So we help a lot of downsides in Canberra
transition to retirement villages and things like that, and it
is a little bit of a speciality because it takes
a lot of time and patience. But yeah, classic case
and point for the moment is a property that we're
selling and reed we've been able to offer them completely
hands off package. Basically, we pack them up and transition
(03:52):
them into a retirement village, set them up at the
retirement village, fresh milk and bread on the counter, and
then we move into their house, basic prepare it for
sale and get on the market. So it's really hands
off for them and as simple as it could be.
Speaker 2 (04:05):
Okay, So, but you haven't really addressed the problem. The
problem is the stuff. So other than throwing everything out,
what's the first thing that you can do to manage
this well.
Speaker 5 (04:17):
We actually have a special team that will come in
and work with the clients and they will systematically work
through all the person's belongings and work with them to
figure out what they'd like to keep and move, what
they would like to donate, sell, or try to auction off,
and worst case scenario, if we can't deal with it
(04:38):
in any of those fashions, then the only other option
for it is landfill. But at least we've tried ethically
to get rid of everything in the right manner and
they feel good about it. We've been able to turn
some of that stuff into some value. But working with
our team, they can tell the client exactly what is
worth something and what's not worth that.
Speaker 2 (04:58):
So, Steve, what you're saying is the teeth, the teeth
a going to the tip.
Speaker 5 (05:03):
Yeah, the teeth a going into the tip.
Speaker 3 (05:06):
Oh, my goodness.
Speaker 4 (05:07):
And the lock of hair, the lock of baby's hair
that's got to go to the tip too, I think sorry, Oh,
is this like a common thing that you're encountering.
Speaker 5 (05:16):
All the time. Yeah, yeah, specifically with downsizes, most people
looking to upside, so we move from a three to four.
They get it and they're a little bit less sentimental
about things and they just make it happen. But with downsizes,
it's really just the thing that stops most people. My
furniture is not going to fit in the new place.
What am I going to do with all my china cabinet?
All those kind of problems we take care of step
(05:38):
by step, and you just say them getting really overwhelmed.
Speaker 2 (05:42):
So you're talking about what you're doing. Is there another resources?
Is a wider resource that people can go to? Do
you know about that? You know about?
Speaker 5 (05:50):
Yeah? Care and that's my secret sauce. You have that resource.
Speaker 2 (05:58):
You mentioned this property as well, give it that a
quick as well, because it's a big property. I've had
to look at the pictures.
Speaker 5 (06:03):
It's massive, Yes, it's It's one of those properties that
you walk into and you instantly feel at home and relaxed.
It's a beautiful design, beautiful gardens, really really well maintained
and loved. Oh it's our history, and yeah it'll be.
It's being very popular so far, so I don't think
(06:24):
it'll take long to sell this one.
Speaker 4 (06:25):
Lovely and just quickly, what's the address?
Speaker 5 (06:28):
This one is too gear on gardens in reed.
Speaker 4 (06:30):
Awesome, so people can look it up online. All right, Steve, Well,
very interesting chat. I feel like we could talk to
you for a long time about this, but we'll have
to leave it there. Thank you so much.
Speaker 5 (06:39):
Now to have a great weekend.
Speaker 4 (06:41):
That's Steve Low, director of agent team canbra some very
good insights there cam into a very tricky problem.
Speaker 2 (06:47):
Well, I love this because you've already started this at
your house, haven't you.
Speaker 3 (06:51):
They're getting rid of stuff.
Speaker 2 (06:52):
Do you want to tell us about your shopping list?
Speaker 5 (06:54):
Oh?
Speaker 3 (06:55):
From this morning? Oh my goodness.
Speaker 4 (06:57):
Okay, I'm going to be upfront about it because I'm
just going to be on about this because everyone does it,
and if you're going to pretend you don't, you just
got Okay. I walked out of the house this morning
with the grocery list on a piece of paper, and
on the back of that piece of paper is some
coloring of different colors. It may yeah. My three year
old spotted it and she's like, oh, what's what's that?
(07:17):
That looks like my drawing? And I said, oh, no,
it's just an old piece of paper. What we do
is when there's lots and lots of extra painting.
Speaker 2 (07:29):
Choosing your words carefully here.
Speaker 3 (07:31):
We may cut some up and use them for shopping lists.
We can't keep them all.
Speaker 2 (07:35):
Can you just put them in folders?
Speaker 4 (07:37):
He folders, hair like, you can put some in fold
We keep plenty.
Speaker 3 (07:42):
We can't keep them all. She busted me this morning.
Speaker 2 (07:44):
What you're saying is you take willow is it?
Speaker 6 (07:47):
Yeah?
Speaker 2 (07:47):
You take willows beautiful pictures and drawings and you cut
them up. Yes, I do use them as shopping.
Speaker 4 (07:55):
Lists sometimes, not all of them. And I'm not the
only one out there. It's okay to be honest about it.
Speaker 6 (08:00):
Guys.
Speaker 4 (08:01):
Well, we know there's all sorts of awesome things happening
out at Demon Prospect. Just recently, cam my Partnerjim, and
I took our little ones to the new park out
there opposite the new shops. Yes, the sort of space themed.
Speaker 2 (08:13):
Park that they've got so not just space them. So
when that was opened last year, when you're on Matt Leeve,
I went down straight away to have a look at that.
And so the space theme is in the shape of
the observatory and they consulted the A and U. We're
putting all that together.
Speaker 3 (08:29):
Yeah, so just one it's incredible.
Speaker 4 (08:30):
Yeah, awesome things that are happening out there, awesome community
and today there's a special event happening demon Prospects new
Display Village opens today with lots happening from twelve o'clock
and Gabby Foster is managing director at Capital Estate Developments.
Speaker 7 (08:45):
Good morning, Gabby, Good morning guys.
Speaker 3 (08:47):
Now tell us what's happening from twelve o'clock today.
Speaker 7 (08:50):
We've got lots of workshops happening with food and entertainment
to mark the launch of the new Demo Prospect Display Village. Jim,
We've got homes from eight bill from the region and
there's something different to do inside of them. So there's
landscaping workshops, interior design and cooking demos. There's also plenty
of other things to see and do along Romano Street
(09:11):
here in Demon Prospect.
Speaker 2 (09:12):
Must be kind of cool for you because you will
be around this. These houses don't just take one minute
to build. They took it a long time to build.
So you see them from inception, then planning, then they
come out of the ground and then all of a sudden,
you know they're all shiny and ready to go. Today,
that's quite the moment, it is.
Speaker 7 (09:27):
Indeed, there's nothing better than seeing that scaffolding coming down
in the big reveal of these beautiful homes. It is
really an exciting.
Speaker 5 (09:34):
Day for it.
Speaker 2 (09:34):
So you talk about some of the things that are
happening inside of the homes. What are some of the
sustainable innovations that we get to see today.
Speaker 7 (09:42):
So all of the homes are fully electric and they
showcase also how to build on a sloping block, which
is pretty important out here and that means that we
can really maximize those stunning views across dem and Prospect.
This morning the balloons were floating through the Molongo Valley
and it was really something pretty special. There's also different
features throughout the homes like thermally broken windows, high quality insulation.
(10:06):
We've got solar on every roof here in Demon and
of course water tanks as well, and all of the
homes that here is to the Demon Prospect Building and
Sighting guidelines which really embrace diversity of the architecture and
lend themselves to a unique streetscape.
Speaker 4 (10:24):
Yeah, for sure, And I guess today is not just
an opportunity for people to check out the display village,
but also to get a real sense and feel of
what the community is like there and all the awesome
things that are going on.
Speaker 7 (10:34):
Absolutely, it really is quite an active community here. It's
amazing to think that we're ten years in now and
we're about halfway through. We're passed halfway through the development.
So we've got people that have been living here for
nearly nine years and they really have taken There's a
lot of a sense of ownership throughout the community and
it'll be good to have some future residents coming in
(10:55):
to get some ideas from the different display homes today too.
Speaker 4 (10:59):
Yeah for sure. Well it's on from twelve to four today.
Definitely go and check it out. Gabby, thanks so much
for your time.
Speaker 3 (11:05):
You're already there, no doubt got a thousand jobs. But
thank you so much for joining us, and good.
Speaker 2 (11:09):
Luck with the day too.
Speaker 7 (11:11):
Thanks guys really appreciate it.
Speaker 4 (11:12):
Thank you, Gabby Foster, who's managing director at Capital Estate Developments.
Speaker 1 (11:16):
There.
Speaker 3 (11:16):
I'll go along check out the new display village today.
Speaker 6 (11:20):
Hey Rena, how are you Cam?
Speaker 2 (11:21):
Yeah? Really good. Now we don't just say good morning,
we welcome him back for the first time this year,
so mate, great to have you back with us. Thank
you so much for your time this morning.
Speaker 6 (11:29):
Loving you, mate, I love joining you as often as
I can.
Speaker 5 (11:32):
Good.
Speaker 4 (11:32):
Oh, thank you. Now, look give us an overview of
this report.
Speaker 6 (11:36):
Yeah, well, it was actually two reports released last week.
Speaker 7 (11:39):
Guys.
Speaker 6 (11:39):
There was the Property Council's Mandela Partner's Report that indicated
we're going to be four hundred and sixty two thousand
I'm short on the federal governments National Housing a Corp.
Target of one point two million homes by twenty twenty nine.
And then there was the State of the Land report
by the UDIA, which reckons we're around about four hundred
and ninety three thousand twenty short. So if we pick
(12:01):
an average, we're about four hundred thousand short, which is
about a third of what we need to be providing
over the time. And breaking it down, that means we've
got to do about two hundred and forty thousand houses
a year. We only had one hundred and thirty six
thousand completed last year, and we only had one hundred
and seventy thousand approved, So I don't think we've got
a snowballs hope in hell of getting anywhere that target.
Speaker 2 (12:24):
Yeah, it's interesting that you mentioned the Property Council. I
attended an Act Property Council event through the week of
the press Club, and it was a residential and planning
lunch and so the Actam Minister for Housing, Christeel, spoke
there and there are two big things to come out
of that number one day. And this is the first
time I'd heard of this term, and it's going to
be a term that we hear more of. They called
it middle housing and the lack of middle housing so
(12:46):
bushy in Canberra. We have enough of the high end
stuff and the market has been flooded with apartments and units,
but what they're saying is there's a real lack and
we already knew this of dwellings like three bedroom townhouses
and so yes, we've got plenty of say four bedroom
houses with two bathrooms and a double garage, but then
(13:07):
what we don't have is the properties that have the
opportunity to have two dwellings on it. So they've put
this under the umbrella of middle housing. And the other
big thing that they spoke about was the regulation. And
so you know, there was construction people, there was builders,
and regulation is the massive showstopper. And you know, to
his credit, Cristille committed to reviewing regulation. But these are
(13:31):
the two big things in Canberra that are holding us back.
Speaker 6 (13:34):
Yeah, absolutely spot on and you make a good point.
I think that housing is talked about as a numbers game.
It's not a numbers game. It's about the right house
for the right need in the right spot. And you
talk about middle housing, just throwing units and stuff just
to get the numbers up isn't really satisfying it because
that's not what people want. So le's we get that right.
(13:56):
Then we've got a real issue there. And there's some
really interesting stuff that came out of the report that
really looked at those economic factors that we really need
to take a grip of, because we've got housing prices
rising much faster than household incomes. We've got rental markets
being seriously unsupplied, particularly in some of the unit market listings,
(14:20):
in the apartment market in certain areas around the country.
And we're seeing significant cost increases, you know, up to
thirty three percent construction cost increases with big trade shortages
as well.
Speaker 5 (14:32):
So the gap is.
Speaker 6 (14:33):
Getting significantly wider across the board and all of that, guys,
and something almost a wartime cabinet is going to be
required to get.
Speaker 5 (14:43):
This back on track if we're serious about it.
Speaker 4 (14:45):
Okay, So in light of all of that Cam mentioned
this earlier, I'm going to ask you, if you were
the minister for a day, what would you do to
address the housing crisis.
Speaker 6 (14:54):
Well, this would be a bit like letting Dracula loose
in the blood bak. Guys, it'd be pretty interesting. But
I actually do the pole or opposite of what everyone
else is kind of opposing in relations building government and
private property investors. So firstly, I'd instag got a massive
marketing campaign on the benefits and safety of building because
(15:15):
of buildings on the nose at the moment, given what's
happened in the last few years. But that's going to be
doning conjunction with the government giving guarantees on building cost time,
delivering quality control by supporting reputable builders to overcome the
sort of very bad sentiment that's attached to it. Secondly,
I'd actually centralized planning and approval processes to really reduce
(15:39):
this time the lay blockages that are happening with planning
and approvals. We need to take some really hard measures there,
and then ensure, as I say, the right top of
housing is being built in the right locations to meet
the needs, not just the numbers gain. Thirdly, I'd ensure
that there was a return to the future by the
government actually getting the hands did in getting back in
the game and having direct responsibility for physical provision of
(16:03):
public housing because they're not doing it. About two percent
is public housing these days. And lastly, but not definitely,
not the least, I'd embrace investors as my best friends
instead of treading as my worst enemies. And because Mum
and doubt investors currently provide eighty percent of the evental
and housing stock, I'd be further enticing them and new
homeowners to build by ramping up tax incentives, not reducing them,
(16:27):
and therefore making sure we don't continue to buy our
families despite our fight.
Speaker 2 (16:32):
See that's it's easier in age. Let's go Bushy down.
Need a camera, Let's get it done.
Speaker 4 (16:36):
It sounds like Bushy has pictured himself or reading a
few times standing in Parliament there.
Speaker 2 (16:41):
Although I'd be surprised if Bushy actually owns a suit,
I don't heed.
Speaker 4 (16:47):
Oh goodness me all right, Bushy, Well, thank you so
much for your time and your insights. As always, we
really appreciate it. Thank you, Bushy Martin realty talk and
know how property financed?
Speaker 2 (16:59):
Well, those are the interviews we most enjoyed in last
week's Mix one O 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
Speaker 1 (17:12):
Camon Rene's Real Estate Show on Mix one O six
point three
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