April 17, 2025 • 14 mins
- As we wake up to new tariff news every day, Michael Yardney, CEO of Metropole Property Strategists examines what it all means for the Australian property markets
- Peggy McAlister, licensed agent at My Agent provides a South Coast property market update
- Alex Raphael, Acting CEO of PowerHousing Australia speaks about community housing and its role in the housing crisis
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Episode Transcript
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Speaker 1 (00:01):
Kevin Renee's Real Estate Show on Mix one oh six
point three be the Envy of Canberra Live in de
Burg at Northborne Village by JW Land now selling.
Speaker 2 (00:10):
Well Renana the Jampacked real Estate show on the radio
on Saturday. We say thanks to everyone who was tuning
in via our podcast now and we started with relating
local property prices to the whole tariff thing that's going
on at the moment.
Speaker 3 (00:23):
Isn't that up and down?
Speaker 4 (00:24):
There's news stories coming about every day, it feels like
it from the US tariffs with Donald Trump. So yeah,
we dug down on what that means for the property
market here in Australia.
Speaker 2 (00:34):
Yes, our usual guest Michael Yardney joined us and had
some salient words and it was basically just stand back
and see it'll be okay.
Speaker 4 (00:41):
Yes, indeed for sure. And we headed to the South
Coast as well. Lots of people here in Canberra and
around elsewhere as well head to the coast as easter.
We've got Anzac Day coming up, school holidays, all the things,
and so we checked in to see what's happening real
estate wise there.
Speaker 3 (00:56):
Yeah.
Speaker 2 (00:57):
One of our interviews also was off the back of
a LinkedIn connetic requests for me that had a.
Speaker 3 (01:02):
Real estate flavor to it.
Speaker 2 (01:03):
It's just like, okay, let's organize an interview because this
is a very important organization that is doing wonderful work,
not just in the camera area, but across Australia.
Speaker 4 (01:12):
Indeed, power Housing Australia. Google it, go to the website,
see what they're doing. And I feel like just with
that name and something you want to learn about, right
like Powerhousing Australia.
Speaker 2 (01:22):
Okay, so that's what you will be listening to. Thank
you for listening over the next fifteen minutes or so
of our podcast. Thank you for listening and enjoy the
Mix one and six point three Real Estate Show.
Speaker 4 (01:36):
Well, can we know there's been a story, a different
story every day, sometimes multiple stories in one day about
the tariffs, Donald Trump and all the fallout from that.
Speaker 2 (01:46):
Oh well, I've been sitting in for Kristin and I
through the week and it is different, completely different every morning.
Speaker 3 (01:52):
It's like, Okay, what's it going to be today?
Speaker 4 (01:53):
I know exactly, So we thought, let's dig down on
this a little bit, find out what it means for
our property markets. And Michael Yai me is CEO of
Metropol property strategist. Good morning, Michael, how.
Speaker 5 (02:03):
Are you good? Thank you, Renee.
Speaker 4 (02:05):
Now, look, I work in the newsroom here at the
radio station, and I feel like every day there's been
a different announcement on this tariff situation, something new every day,
up and down. Tell us how is it affecting the
property market here in Australia.
Speaker 3 (02:19):
Well, Renee, it.
Speaker 5 (02:19):
Really feels like a bit like the beginning of COVID,
where can news kept changing every day and everyone was
fearful not knowing what's ahead. But now this time around,
the financial markets have panicked and lost trillions of dollars
in value over the last week. Australian property, though, isn't
directly affected. Just to answer your question, it's not affected
by tariffs. In fact, Australia's economy is not going to
(02:43):
be particularly affected either. However, if our trading partners and
in particular China are going to be affected and the
economy slows down, then we could be slowing down our economy.
And I guess it's the expectation of this that's made
market's quite unnerved and so off the.
Speaker 2 (03:04):
Back of all that and what's happened through the week,
there's now talk of interest rate cuts a little earlier
than previously predicted. What are you and your fellow analysts
thinking might happen.
Speaker 5 (03:14):
Well, the talk of interest rate cuts earlier than predictable,
as you say, Camera, has occurred because people are worried
that America may go into recession and lower interest rates.
So Australia is going to have to lower interest rate
so our dollar value doesn't change too much. And there's
also talk of Australia potentially falling into a recession. But
we've every time we get together, we've talked about the
(03:36):
fiscal cliff, of the unemployment cliff and the mortgage cliff,
and now it's a recession cliff. Now I don't think
that's going to happen, but the market is factoring in
a ninety percent chance of an interest rate cut in
May after the election, and another two interest rate cuts
this year, just to protect our economy, to buoy op
(03:57):
our economy, to stop it going into recession. And Cam
that's going to be good for property.
Speaker 3 (04:02):
Yes, I know we've got to be very carefully.
Speaker 2 (04:03):
We can't be sort of standing on the sidelines cheering
Donald on in the hope that some interest rate cuts
might happen, and then knowing what everything.
Speaker 3 (04:12):
Else that's happening along with that as well. Yeah, really careful,
don't we.
Speaker 6 (04:16):
Yeah?
Speaker 4 (04:17):
And Michael, for those who are feeling anxious or worried though,
because of all these reports that are coming out, what
advice would you have for them?
Speaker 5 (04:23):
Well, this time makes me think about I guess the
world's most prominent investor, Warren Buffett's famous line. He said,
be fearful when others are greedy, and be greedy when
others are fearful. Now, that's really interesting to say, but
it's clearly hard for the markets to do at the
moment because where all the people that are greedy when
everyone else is fearful and selling up their shares. But
(04:44):
for people interested in property in their homes, my advice is,
don't make thirty year decisions, big long term decisions based
on the last thirty minutes of news.
Speaker 2 (04:53):
Renee, All right, so we should just hang on and
should all wash out?
Speaker 3 (04:57):
Okay in too shell past?
Speaker 4 (04:59):
Yes here indeed, Well, thank you so much, Michael. Goodness
knows where will be at next time we speak.
Speaker 3 (05:05):
We'll cross that bridge when we come to it.
Speaker 4 (05:06):
Thanks for your time, my pleasure. That's Michael Yardney, CEO
of metropolit Property Strategists there. Well, Cam, school holidays are underway,
easters coming up, We've got the Anzac Day holiday, so
lots of people from Canberra and surrounds flock to the coast.
Many probably would have already left. I would even say
they could be driving there right now.
Speaker 3 (05:27):
Your luck if you are, Oh, I know, have fun, have.
Speaker 4 (05:29):
Some fish and chips for me. But you know, we
like to check in every now and then to see
what's happening property wise on the South Coast, and so
we hit up our South Coast correspondent, Peggy McCallister from
my agent.
Speaker 7 (05:43):
She joins us. Now, hih Peggy, good morning, Cam and Renee.
Speaker 4 (05:46):
Now, thanks so much for for coming on this morning.
How has the property market been tracking since we spoke
with you are at the start of the year.
Speaker 7 (05:54):
I've spend a little bit of a change coming into
the election. We do find that some sectors of the
mind tend to cool off a little bit coming into
an election, and namely your investors and sometimes your holiday
homemakers as well.
Speaker 2 (06:08):
Okay, and so is that affecting sort of how the
whole thing's been rolling along down.
Speaker 7 (06:12):
That Look, it has been a little bit quieter, so
it's been a great time for people to get in
and secure some properties. Sol Like, like I always say
to everyone, now's the time to be buying something because
if we have another couple of interest rate drops, everybody's
going to be back in the market. So little bit
of a quiet patch at the moment. However, some properties
(06:32):
are still going for high prices and they're more your
luxury and lifestyle properties, they are still setting high prices.
Speaker 3 (06:38):
Sure, so that's interesting twists, Yeah, for sure.
Speaker 4 (06:40):
And you mentioned a couple of things there, but are
there any other sort of big things that agents there
are talking about at the moment?
Speaker 7 (06:46):
Look, probably just that, Probably just that there's not a
lot of consistency in the market. It's it's, you know,
some things going for high prices, some things are going
for competitive prices. So it's an interesting market. It's a
bit different to the market we've been used to in
the last two years.
Speaker 2 (07:02):
Okay, And so Renee sort of touched on it there
at this time of year when plenty of people are
sort of flocking down.
Speaker 3 (07:07):
It's not just from Camber as well.
Speaker 2 (07:09):
It's yeah, Sydney and for the further down the coast
you go, people from Victoria come up and we know.
Speaker 3 (07:15):
There's lots of tie kickers.
Speaker 2 (07:16):
There's lots of people, you know, standing in front of
beautiful real estate agent windows with those beautiful properties on
display and on their mobiles as well, and so there's
lots of conversation, lots of action. Do agents do anything
different in the lead up to the holiday periods knowing
that this is all going to happen.
Speaker 7 (07:33):
Absolutely, We do often launch a lot of our properties
coming into the holiday period, So in the week or
two leading up to Easter you'll notice there's a lot
of properties that do hit the web. So we definitely
put stock on the market for those holiday periods.
Speaker 4 (07:47):
Yeah, it makes sense. And is there a property that
you'd like to mention this morning?
Speaker 3 (07:51):
Poise? Of course there is, yes, tell us about it.
Speaker 7 (07:55):
Beautiful property and you know what, the people that I've
currently had coming through this property have prime barely been
from Canberra, so that's why I thought I would mention it.
It seems to be something that lot of Camberans are
looking for now. This property is a free standing property,
but it only has a smaller size yard, so it's
perfect for people who don't want to be in strata,
(08:15):
but actually don't want a lot of upkeep. They're not
going to be here all the time. It is brand new,
high quality three bedroom on sweet double garage. It does
have a fence yard, just not a big one, and
it has water views and it's only nine hundred thousand
to nine hundred and fifty thousand.
Speaker 3 (08:31):
That's brand new. It looks so good.
Speaker 2 (08:34):
So it's the long beach area of Bateman Bay, isn't it,
Because that whole little area is amazing as well.
Speaker 7 (08:40):
Look you come down the mountain and you just turn
left and it's much easier to get in there. You
don't have to navigate traffic traffic. It's one to thirteen
Merry Place and it is open today and east long weekends.
He'll be open today from two to two thirty pm.
Speaker 4 (08:53):
Okay, well they cook the people coming in the car
right now to the coast who might just make that
their first stop. Yeah, yeah, yeah, the fish and chip.
Speaker 3 (09:00):
So we're going to go look at this place and
then get a fish and chip. Yeah for sure.
Speaker 4 (09:05):
All right, Peggy, Well, thank you. We love touching base
with you to find out what's happening there. So we
appreciate your time and all the best with this property
and over the holiday.
Speaker 7 (09:14):
Break too, thank you and happy guys, yes.
Speaker 3 (09:17):
Happy Easter.
Speaker 4 (09:17):
Thank you Peggy McAllister from my agent, Well cam Our
next interview you were saying earlier came off the back
of a LinkedIn connection.
Speaker 2 (09:27):
Yes, well, I mean it's a it's a it's a
digital media platform and it's one that I used with
my business and this connection popped up and it was
with Powerhousing Australia. Now I've heard of Powerhousing Australia before,
but it's sort of one of those things that pops
up and you.
Speaker 3 (09:41):
Go, oh, I wonder exactly what that is. So right there,
that's an interview.
Speaker 4 (09:48):
Organized for sure, done and done, kick that box and
so here we are. Here we are, and I hadn't
heard of them before, So this is going to be
a learning experience for me and people who are listening
as well. And Alex Rafael is acting CEO of Power
Housing Australia, joins us.
Speaker 3 (10:02):
Now, Hi Alex, Hi, thanks for having me. Yeah, thanks
for coming on.
Speaker 4 (10:06):
Can you tell us about Powerhousing Australia and what it
is that you do.
Speaker 6 (10:11):
So we are a peak body representing community housing providers
and they're non for profits who provide social housing. So
that's housing for people doing it very tough. You need
a lot of support or affordable housing, which is rentals
at reduce rates for you know, for essential workers who
need to live where they work and not commute for
two hours that can't afford private rent.
Speaker 2 (10:31):
Okay, And so what are some of those organizations organizations
just least one or two off that you know people
might have heard of or might know of.
Speaker 6 (10:39):
Well, well, they in Canberra where our biggest provider is CHC,
so people might have might have heard of them. They
do a lot of amazing housing around Canberra. But honestly,
like you know, I feel like community housing. I'm quite
new to the sector, but it's like this little secret
that a lot of people in Australia don't know about.
There's not a lot of visibility for community housing, but
(10:59):
they do all of this amazing work. There's so many
success stories amongst the sector and they just do so
much with so little that I think it's you know,
in this when we're all so aware of the housing crisis,
it's really time that you know, our members took a
step up and we're better recognized.
Speaker 3 (11:16):
Yeah, for sure.
Speaker 4 (11:17):
And so what is the number one issue that your
members are dealing with in the community housing sector.
Speaker 6 (11:22):
Well, it probably won't be very surprising to hear the
number one issue is we just don't have enough houses.
There's too many people who desperately need them. So, you know,
the social housing waiting lists are completely off the charts.
Some are more than ten years across Australia and that's
just you know, to get on those lists, you desperately
desperately need a house. So when you're a position like
that and you have to wait years, you know your
(11:44):
life is thinking further and further into catastrophe while you're waiting.
So that is not the way I think we want
our society to function. And that's just sort of that
one aspect. And then we all, you know, everyone knows
someone who is doing it so tough because of housing,
because you can't afford your rent going up, you can't
afford to buy a house because you know, that's further
and further out of reach. So our whole housing system
(12:06):
is really, you know, spiraling, I think in the wrong direction.
And I think more and more people are starting to
realize that, and we've certainly found that in our research
that more and more Australians are just you know, taking
a step back looking at the big picture, even if
it doesn't directly affect them, just being like, this is
not what we want. What about my grandchildren and my children,
Like what is going on?
Speaker 2 (12:24):
Yeah, okay, let's put the magic wand in your hand,
Alex and wave it around. What's the first thing you
would do to fix what you're talking about there?
Speaker 6 (12:34):
Well, number one thing. We have this program at the
moment called the Housing Australia Future Fund, which is a
federal government fund that gives community housing providers a little
bit of money and then they have to go out
and find private investments. So it's a very good deal
for Australia basically, but at the moment, look, that's a
new fund, it's you know, it's getting out the gate
and it's starting to get really strong, but it's just
(12:56):
not enough. So you know, that'll provide thirty thousand houses
over ten five years, but that is like a drop
in the ocean compared to the problem. So where we
really if I had my magic one, I would like
instantly quadruple that fund and that starts us to get
us up to the numbers of social and affordable housing
that we need to really make a dent in this problem.
Speaker 4 (13:15):
Yeah. Well it's great that we have you guys you know,
here and around advocating for all of this and providing
a voice. So it's fantastic, Alex. We could talk about
this for much longer. I'm sure we'll have to get
you back on at some stage to delve into a
bit more I think. But thank you so much for
your time this morning, and have.
Speaker 3 (13:31):
A great weekend.
Speaker 6 (13:32):
Thanks for having me you too.
Speaker 4 (13:33):
Thank you, Alex Rafael, Acting CEO of Powerhousing Australia. You
can go to the Powerhousing Australia dot com, dot or
you website if you want to learn more about them too.
Speaker 2 (13:41):
Well those are the interviews we most enjoyed in last
week's Mixed one O six point three real Estate Show.
If you love hearing about the latest trends, or you're
just up for a sticky beek, be sure to drop
by for a listen this Saturday between nine
Speaker 1 (13:53):
And ten Kem and Renee's Real Estate Show on Mix
one oh six point three
Kevin Renee's Real Estate Show on Mix one oh six
point three be the Envy of Canberra Live in de
Burg at Northborne Village by JW Land now selling.
Speaker 2 (00:10):
Well Renana the Jampacked real Estate show on the radio
on Saturday. We say thanks to everyone who was tuning
in via our podcast now and we started with relating
local property prices to the whole tariff thing that's going
on at the moment.
Speaker 3 (00:23):
Isn't that up and down?
Speaker 4 (00:24):
There's news stories coming about every day, it feels like
it from the US tariffs with Donald Trump. So yeah,
we dug down on what that means for the property
market here in Australia.
Speaker 2 (00:34):
Yes, our usual guest Michael Yardney joined us and had
some salient words and it was basically just stand back
and see it'll be okay.
Speaker 4 (00:41):
Yes, indeed for sure. And we headed to the South
Coast as well. Lots of people here in Canberra and
around elsewhere as well head to the coast as easter.
We've got Anzac Day coming up, school holidays, all the things,
and so we checked in to see what's happening real
estate wise there.
Speaker 3 (00:56):
Yeah.
Speaker 2 (00:57):
One of our interviews also was off the back of
a LinkedIn connetic requests for me that had a.
Speaker 3 (01:02):
Real estate flavor to it.
Speaker 2 (01:03):
It's just like, okay, let's organize an interview because this
is a very important organization that is doing wonderful work,
not just in the camera area, but across Australia.
Speaker 4 (01:12):
Indeed, power Housing Australia. Google it, go to the website,
see what they're doing. And I feel like just with
that name and something you want to learn about, right
like Powerhousing Australia.
Speaker 2 (01:22):
Okay, so that's what you will be listening to. Thank
you for listening over the next fifteen minutes or so
of our podcast. Thank you for listening and enjoy the
Mix one and six point three Real Estate Show.
Speaker 4 (01:36):
Well, can we know there's been a story, a different
story every day, sometimes multiple stories in one day about
the tariffs, Donald Trump and all the fallout from that.
Speaker 2 (01:46):
Oh well, I've been sitting in for Kristin and I
through the week and it is different, completely different every morning.
Speaker 3 (01:52):
It's like, Okay, what's it going to be today?
Speaker 4 (01:53):
I know exactly, So we thought, let's dig down on
this a little bit, find out what it means for
our property markets. And Michael Yai me is CEO of
Metropol property strategist. Good morning, Michael, how.
Speaker 5 (02:03):
Are you good? Thank you, Renee.
Speaker 4 (02:05):
Now, look, I work in the newsroom here at the
radio station, and I feel like every day there's been
a different announcement on this tariff situation, something new every day,
up and down. Tell us how is it affecting the
property market here in Australia.
Speaker 3 (02:19):
Well, Renee, it.
Speaker 5 (02:19):
Really feels like a bit like the beginning of COVID,
where can news kept changing every day and everyone was
fearful not knowing what's ahead. But now this time around,
the financial markets have panicked and lost trillions of dollars
in value over the last week. Australian property, though, isn't
directly affected. Just to answer your question, it's not affected
by tariffs. In fact, Australia's economy is not going to
(02:43):
be particularly affected either. However, if our trading partners and
in particular China are going to be affected and the
economy slows down, then we could be slowing down our economy.
And I guess it's the expectation of this that's made
market's quite unnerved and so off the.
Speaker 2 (03:04):
Back of all that and what's happened through the week,
there's now talk of interest rate cuts a little earlier
than previously predicted. What are you and your fellow analysts
thinking might happen.
Speaker 5 (03:14):
Well, the talk of interest rate cuts earlier than predictable,
as you say, Camera, has occurred because people are worried
that America may go into recession and lower interest rates.
So Australia is going to have to lower interest rate
so our dollar value doesn't change too much. And there's
also talk of Australia potentially falling into a recession. But
we've every time we get together, we've talked about the
(03:36):
fiscal cliff, of the unemployment cliff and the mortgage cliff,
and now it's a recession cliff. Now I don't think
that's going to happen, but the market is factoring in
a ninety percent chance of an interest rate cut in
May after the election, and another two interest rate cuts
this year, just to protect our economy, to buoy op
(03:57):
our economy, to stop it going into recession. And Cam
that's going to be good for property.
Speaker 3 (04:02):
Yes, I know we've got to be very carefully.
Speaker 2 (04:03):
We can't be sort of standing on the sidelines cheering
Donald on in the hope that some interest rate cuts
might happen, and then knowing what everything.
Speaker 3 (04:12):
Else that's happening along with that as well. Yeah, really careful,
don't we.
Speaker 6 (04:16):
Yeah?
Speaker 4 (04:17):
And Michael, for those who are feeling anxious or worried though,
because of all these reports that are coming out, what
advice would you have for them?
Speaker 5 (04:23):
Well, this time makes me think about I guess the
world's most prominent investor, Warren Buffett's famous line. He said,
be fearful when others are greedy, and be greedy when
others are fearful. Now, that's really interesting to say, but
it's clearly hard for the markets to do at the
moment because where all the people that are greedy when
everyone else is fearful and selling up their shares. But
(04:44):
for people interested in property in their homes, my advice is,
don't make thirty year decisions, big long term decisions based
on the last thirty minutes of news.
Speaker 2 (04:53):
Renee, All right, so we should just hang on and
should all wash out?
Speaker 3 (04:57):
Okay in too shell past?
Speaker 4 (04:59):
Yes here indeed, Well, thank you so much, Michael. Goodness
knows where will be at next time we speak.
Speaker 3 (05:05):
We'll cross that bridge when we come to it.
Speaker 4 (05:06):
Thanks for your time, my pleasure. That's Michael Yardney, CEO
of metropolit Property Strategists there. Well, Cam, school holidays are underway,
easters coming up, We've got the Anzac Day holiday, so
lots of people from Canberra and surrounds flock to the coast.
Many probably would have already left. I would even say
they could be driving there right now.
Speaker 3 (05:27):
Your luck if you are, Oh, I know, have fun, have.
Speaker 4 (05:29):
Some fish and chips for me. But you know, we
like to check in every now and then to see
what's happening property wise on the South Coast, and so
we hit up our South Coast correspondent, Peggy McCallister from
my agent.
Speaker 7 (05:43):
She joins us. Now, hih Peggy, good morning, Cam and Renee.
Speaker 4 (05:46):
Now, thanks so much for for coming on this morning.
How has the property market been tracking since we spoke
with you are at the start of the year.
Speaker 7 (05:54):
I've spend a little bit of a change coming into
the election. We do find that some sectors of the
mind tend to cool off a little bit coming into
an election, and namely your investors and sometimes your holiday
homemakers as well.
Speaker 2 (06:08):
Okay, and so is that affecting sort of how the
whole thing's been rolling along down.
Speaker 7 (06:12):
That Look, it has been a little bit quieter, so
it's been a great time for people to get in
and secure some properties. Sol Like, like I always say
to everyone, now's the time to be buying something because
if we have another couple of interest rate drops, everybody's
going to be back in the market. So little bit
of a quiet patch at the moment. However, some properties
(06:32):
are still going for high prices and they're more your
luxury and lifestyle properties, they are still setting high prices.
Speaker 3 (06:38):
Sure, so that's interesting twists, Yeah, for sure.
Speaker 4 (06:40):
And you mentioned a couple of things there, but are
there any other sort of big things that agents there
are talking about at the moment?
Speaker 7 (06:46):
Look, probably just that, Probably just that there's not a
lot of consistency in the market. It's it's, you know,
some things going for high prices, some things are going
for competitive prices. So it's an interesting market. It's a
bit different to the market we've been used to in
the last two years.
Speaker 2 (07:02):
Okay, And so Renee sort of touched on it there
at this time of year when plenty of people are
sort of flocking down.
Speaker 3 (07:07):
It's not just from Camber as well.
Speaker 2 (07:09):
It's yeah, Sydney and for the further down the coast
you go, people from Victoria come up and we know.
Speaker 3 (07:15):
There's lots of tie kickers.
Speaker 2 (07:16):
There's lots of people, you know, standing in front of
beautiful real estate agent windows with those beautiful properties on
display and on their mobiles as well, and so there's
lots of conversation, lots of action. Do agents do anything
different in the lead up to the holiday periods knowing
that this is all going to happen.
Speaker 7 (07:33):
Absolutely, We do often launch a lot of our properties
coming into the holiday period, So in the week or
two leading up to Easter you'll notice there's a lot
of properties that do hit the web. So we definitely
put stock on the market for those holiday periods.
Speaker 4 (07:47):
Yeah, it makes sense. And is there a property that
you'd like to mention this morning?
Speaker 3 (07:51):
Poise? Of course there is, yes, tell us about it.
Speaker 7 (07:55):
Beautiful property and you know what, the people that I've
currently had coming through this property have prime barely been
from Canberra, so that's why I thought I would mention it.
It seems to be something that lot of Camberans are
looking for now. This property is a free standing property,
but it only has a smaller size yard, so it's
perfect for people who don't want to be in strata,
(08:15):
but actually don't want a lot of upkeep. They're not
going to be here all the time. It is brand new,
high quality three bedroom on sweet double garage. It does
have a fence yard, just not a big one, and
it has water views and it's only nine hundred thousand
to nine hundred and fifty thousand.
Speaker 3 (08:31):
That's brand new. It looks so good.
Speaker 2 (08:34):
So it's the long beach area of Bateman Bay, isn't it,
Because that whole little area is amazing as well.
Speaker 7 (08:40):
Look you come down the mountain and you just turn
left and it's much easier to get in there. You
don't have to navigate traffic traffic. It's one to thirteen
Merry Place and it is open today and east long weekends.
He'll be open today from two to two thirty pm.
Speaker 4 (08:53):
Okay, well they cook the people coming in the car
right now to the coast who might just make that
their first stop. Yeah, yeah, yeah, the fish and chip.
Speaker 3 (09:00):
So we're going to go look at this place and
then get a fish and chip. Yeah for sure.
Speaker 4 (09:05):
All right, Peggy, Well, thank you. We love touching base
with you to find out what's happening there. So we
appreciate your time and all the best with this property
and over the holiday.
Speaker 7 (09:14):
Break too, thank you and happy guys, yes.
Speaker 3 (09:17):
Happy Easter.
Speaker 4 (09:17):
Thank you Peggy McAllister from my agent, Well cam Our
next interview you were saying earlier came off the back
of a LinkedIn connection.
Speaker 2 (09:27):
Yes, well, I mean it's a it's a it's a
digital media platform and it's one that I used with
my business and this connection popped up and it was
with Powerhousing Australia. Now I've heard of Powerhousing Australia before,
but it's sort of one of those things that pops
up and you.
Speaker 3 (09:41):
Go, oh, I wonder exactly what that is. So right there,
that's an interview.
Speaker 4 (09:48):
Organized for sure, done and done, kick that box and
so here we are. Here we are, and I hadn't
heard of them before, So this is going to be
a learning experience for me and people who are listening
as well. And Alex Rafael is acting CEO of Power
Housing Australia, joins us.
Speaker 3 (10:02):
Now, Hi Alex, Hi, thanks for having me. Yeah, thanks
for coming on.
Speaker 4 (10:06):
Can you tell us about Powerhousing Australia and what it
is that you do.
Speaker 6 (10:11):
So we are a peak body representing community housing providers
and they're non for profits who provide social housing. So
that's housing for people doing it very tough. You need
a lot of support or affordable housing, which is rentals
at reduce rates for you know, for essential workers who
need to live where they work and not commute for
two hours that can't afford private rent.
Speaker 2 (10:31):
Okay, And so what are some of those organizations organizations
just least one or two off that you know people
might have heard of or might know of.
Speaker 6 (10:39):
Well, well, they in Canberra where our biggest provider is CHC,
so people might have might have heard of them. They
do a lot of amazing housing around Canberra. But honestly,
like you know, I feel like community housing. I'm quite
new to the sector, but it's like this little secret
that a lot of people in Australia don't know about.
There's not a lot of visibility for community housing, but
(10:59):
they do all of this amazing work. There's so many
success stories amongst the sector and they just do so
much with so little that I think it's you know,
in this when we're all so aware of the housing crisis,
it's really time that you know, our members took a
step up and we're better recognized.
Speaker 3 (11:16):
Yeah, for sure.
Speaker 4 (11:17):
And so what is the number one issue that your
members are dealing with in the community housing sector.
Speaker 6 (11:22):
Well, it probably won't be very surprising to hear the
number one issue is we just don't have enough houses.
There's too many people who desperately need them. So, you know,
the social housing waiting lists are completely off the charts.
Some are more than ten years across Australia and that's
just you know, to get on those lists, you desperately
desperately need a house. So when you're a position like
that and you have to wait years, you know your
(11:44):
life is thinking further and further into catastrophe while you're waiting.
So that is not the way I think we want
our society to function. And that's just sort of that
one aspect. And then we all, you know, everyone knows
someone who is doing it so tough because of housing,
because you can't afford your rent going up, you can't
afford to buy a house because you know, that's further
and further out of reach. So our whole housing system
(12:06):
is really, you know, spiraling, I think in the wrong direction.
And I think more and more people are starting to
realize that, and we've certainly found that in our research
that more and more Australians are just you know, taking
a step back looking at the big picture, even if
it doesn't directly affect them, just being like, this is
not what we want. What about my grandchildren and my children,
Like what is going on?
Speaker 2 (12:24):
Yeah, okay, let's put the magic wand in your hand,
Alex and wave it around. What's the first thing you
would do to fix what you're talking about there?
Speaker 6 (12:34):
Well, number one thing. We have this program at the
moment called the Housing Australia Future Fund, which is a
federal government fund that gives community housing providers a little
bit of money and then they have to go out
and find private investments. So it's a very good deal
for Australia basically, but at the moment, look, that's a
new fund, it's you know, it's getting out the gate
and it's starting to get really strong, but it's just
(12:56):
not enough. So you know, that'll provide thirty thousand houses
over ten five years, but that is like a drop
in the ocean compared to the problem. So where we
really if I had my magic one, I would like
instantly quadruple that fund and that starts us to get
us up to the numbers of social and affordable housing
that we need to really make a dent in this problem.
Speaker 4 (13:15):
Yeah. Well it's great that we have you guys you know,
here and around advocating for all of this and providing
a voice. So it's fantastic, Alex. We could talk about
this for much longer. I'm sure we'll have to get
you back on at some stage to delve into a
bit more I think. But thank you so much for
your time this morning, and have.
Speaker 3 (13:31):
A great weekend.
Speaker 6 (13:32):
Thanks for having me you too.
Speaker 4 (13:33):
Thank you, Alex Rafael, Acting CEO of Powerhousing Australia. You
can go to the Powerhousing Australia dot com, dot or
you website if you want to learn more about them too.
Speaker 2 (13:41):
Well those are the interviews we most enjoyed in last
week's Mixed one O six point three real Estate Show.
If you love hearing about the latest trends, or you're
just up for a sticky beek, be sure to drop
by for a listen this Saturday between nine
Speaker 1 (13:53):
And ten Kem and Renee's Real Estate Show on Mix
one oh six point three
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