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June 23, 2025 16 mins
  • Why is the Canberra property market languishing? (or is it)? Michael Yardney, CEO at Metropole Property Strategists answers both questions (and more)
  • How are money lenders silently blacklisting potential borrowers? Julian Finch, Principal at Finch Financial called in to explain
  • When it comes to real estate photography, what do content creators look for? Michelle Kroll, Senior Video Producer and Photographer at Region Media shares her secrets

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Episode Transcript

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Speaker 1 (00:01):
Camon Renee's real estate show on Mix one oh six
point three The Envy of Camera Live in de Burg
at Northbourne Village by JW.

Speaker 2 (00:09):
Land now selling well Cam.

Speaker 3 (00:11):
It's time for another Mix Oney six point three real
Estate show podcast.

Speaker 4 (00:14):
They are a really great variety of guests once again
in the show on Saturday that we get to revisit
right now. Michael Gardney, CEO of Metropol Property Strategists, join
us and talked about why the camera market may be
just languishing a little bit compared to the rest of
the States and the territories.

Speaker 3 (00:32):
Yeah, so he gave us the local rundown with what's
happening there. We also spoke about the silent ways people
may or may not be being blacklisted by banks. It
doesn't sound good, does it.

Speaker 5 (00:42):
No.

Speaker 4 (00:42):
Julian fincha principle at Finch Financial joined us. But one
of the things that he did speak about was if
you are on one of these lists, U, huh, how
can you work to get yourself offered?

Speaker 3 (00:53):
Yeah, because he did say things happen in life that
you don't always expect, and so there are ways to
get out of those sticky situations.

Speaker 4 (01:00):
Michellekroll is the seeing a video producer and photographer at
Region Media. She shoots all the Zango videos and does
a lot of real estate photography, and so we asked
her about the things that she looked for as a
photographer when she walked into a property for the first time.

Speaker 3 (01:15):
Yes, because there was a story published on Zango talking
about puppy power, you know, strategically placed looking puppy in
a photo, you know, and there's nothing quite like a
nice glass of wine on a table there, or a
strategically placed loaf of freshly baked.

Speaker 4 (01:30):
Bread or something, you know, especially sitting outside in a
garden area with the sun setting in the background.

Speaker 3 (01:36):
Like we know, the show all those things. So she
she gave us the rundown there, which is fantastic.

Speaker 4 (01:40):
All right, So we say thank you to you once
again for coming in having a listen online to the
Real Estate Show, and we would love for you to
join us each and every Saturday live on the radio
Mixed one of six point three, It's the Real Estate
Show thanks to JW.

Speaker 3 (01:53):
Land well Ken. This morning we're asking the question why
is the Canberra property market languishing or is it We're
going to ask one of our regular guests. Michael Yardney,
CEO of Metropol Property Strategy, that exact question. You know,
off the back of interest rates are falling twice, some
inflation coming under control. What's the store here in Canberra

(02:14):
at the moment? Michael, Good morning.

Speaker 6 (02:17):
Good morning Rene, Hello cam Hi.

Speaker 3 (02:19):
Now, look, property prices around Australia that have been growing,
the Camera market though, where's that up to and what
do you see ahead for Canberra?

Speaker 6 (02:28):
Well, Domain just recently came out with their house price
forecast for the financially at twenty twenty six, in other words,
the next twelve months, and they've got some good news
for Canberra, with house prices forecast to increase about four
percent to reach an average price in Canberra of one
point one billion dollars.

Speaker 5 (02:47):
Hey, that's good, a.

Speaker 6 (02:48):
Thirty nine thousand dollars gain. Now, not everyone's house is
going to be worth that, you understand that, But it's
actually suggesting that canbra is now going to enter the
recovery phase of its housing market. But having said that,
house prices are still going to be about seven percent
below their peaks, which were reached in twenty twenty two.
You know that was before interest rates went up up

(03:10):
we had that couple of years of very low interest
rates and camera prices increased, and unit prices are also
expected to rise about three percent over the next twelve months,
but there's still going to be fifteen percent below their
twenty twenty three piece. But it depends where you're sitting.
I see this then as an opportunity for those to
get in to the camera marketed prices that are only

(03:34):
going to be looking cheap in twelve months time. But
just as why canbra hasn't really had the same population
growth that the other states have and interesting he's been
able to supply sufficient accommodation while in around the rest
of Australia there's been a shortage of accommodation.

Speaker 4 (03:54):
Yeah, I mean, but our population definitely is growing, but
like you say, just not as rapidly as biggest capitals
to be right, Yeah, okay, So Australian burrow As Statistics
has also been added as well, recently reporting that the
average price of a home nationally has now topped over
one million dollars. What are we putting that down to?

Speaker 6 (04:15):
Well, abs reports average home prices. In other words, it
works out that all of properties in Australia, if you
put them all together would be worth eleven point three
seven three million dollars. That's up one point two percent
over the quarter, about six percent over the year, and
then they divided it by the number of homes. Most
of the housing market commentators, all the research houses talk

(04:38):
about median house prices mean house prices, while this is
actually average anyway. Either way, it's therefore very much skewed
because New South Wales there's got more homes and more
expensive homes. So intact New South Wales is the only
state with an average above a million dollars. But it

(04:58):
means that Australia's house prices are going up. According to
abs canbra's average house price was nine hundred and forty
two five hundred dollars, and we know it was a
little bit higher a couple of years ago. Now, where
you said the average price of a house like that
is either going to make you feel like you've had
a win or it's a warning maybe you better get

(05:20):
in the market before it moves further.

Speaker 4 (05:21):
Yeah, absolutely, yeah.

Speaker 3 (05:23):
And so for people listening at the moment to a wondering,
should I is now a good time to buy? Would
you just say go for it?

Speaker 6 (05:30):
Or well, yes, definitely, because the camera market is going
to pick up. We've had two interest rate drops and
he's going to be another two, maybe three that's going
to increase by a confidence. Job security in Canberra is
strong for most people. So if you have a secure job,
a secure income over the medium to long term, the

(05:51):
value of your home's going to increase. It's a good
time to get in because when everyone realizes that prices
a rising oction clearance rates for going up because they
were a bit steady the last couple of years, when
they see that the place down the road sold for more,
it's when the other people have already got in and
taken advantage of this market.

Speaker 3 (06:10):
That's it, all right, Michael, Well, thanks so much. As always,
we'll see what's happening in a month's time when we
speak to you again. But enjoy your weekend and thanks
to your time.

Speaker 5 (06:19):
Thank you so much.

Speaker 3 (06:20):
Thank you. Michael yar Ni, CEO of metropolit Property Strategists. Well, Kem,
of course, with interest rates coming down, we've spoken about
that quite a lot. You know, lenders are working hard
to bring new people on board and so the idea
of being blacklisted, it's not a good word by a
bank is not something most people worry about, but apparently
it is happening. So we're going to find out if

(06:40):
there is an actual black list and say good morning
to Julian Finch, principle at Finch Financial. Hi, Julian, how
are you.

Speaker 5 (06:48):
I'm well, Renee how are you?

Speaker 4 (06:50):
Yes?

Speaker 5 (06:50):
Good?

Speaker 3 (06:50):
Thank you. Now, Look, first question, do lending organizations blacklist people?
But if they don't, what do they do?

Speaker 5 (06:59):
Yeah, it looks blacklist sounds nassy, doesn't it particularly, But look,
I guess they kind of do sometimes. Definitely. Look, if
you've got some poor history with a particular bank or lender,
then sometimes you might find it hard in the future
to go back to them for another go. And certainly

(07:19):
there are some other reasons why they might decide, I
guess not to do business with you, if you like.
And some of those might be the type of industry
that you work in, or perhaps even maybe something that
might have gotten out about you in the media or
that might damage their reputation.

Speaker 4 (07:37):
Okay, yeah, because I mean I would imagine that defaulting
on payments will be the number one reason that we
might make any sort of list. So let's dig down
on some of those other ways that you find yourself
receiving extra scrutiny by lenders. You've mentioned a couple there,
what are some more?

Speaker 5 (07:56):
Sometimes, you know, perhaps they might not believe some of
the things you're saying. Perhaps you've presented some documentation that
they might not necessarily believe is real or genuine. I
guess there's any number of reasons why they might decide
not to do business with you. And often, I mean
sometimes it's really difficult because they don't even have to
give you an answer as to why they might have

(08:17):
knocked you back.

Speaker 3 (08:18):
Yeah, and this is just a bit of a random question.
If you have a bad experience with a bank, whatever
the reason is, can that info carry over to other
banks that you might seek assistance from.

Speaker 5 (08:33):
Well, there's two ways to look at that. Some of
the major banks that we all know, I guess, until
you sort of refer to it as a Big four,
a lot of the time they keep a default of
something in house. They don't necessarily list it on your
credit report. I mean, look, if you've got a credit card,
or a home loan or some other type of facility

(08:54):
and you're constantly making late repayments, then you do get
those late repayments ported on your Equifax credit for But look,
you if you've had a serious default that that doesn't
always get listed by some of the major banks, and
they just keep that in house, and so I guess
it's not the end of the world. I suppose if

(09:16):
there's a particular bank that doesn't like you, let's say,
then you know, look, there's plenty of choice. You can
go and look at yourself looked after somewhere else.

Speaker 4 (09:24):
Yeah, and look, if you do find yourself receiving extra
attention through the process, is there anything you can do
to build your possession back to a better lending option.

Speaker 5 (09:35):
Yeah, Look, I suppose, I mean, particularly with people's credit
and things like that. You know, there's a lot of
lenders out there that understand that life happens. You know,
sometimes there's the reason why we can't make a payment
on something, or if we've had a serious sort of
life incident happened, and you might have defaulted on a
loan or something like that. Usually after about five years,

(09:59):
if it's recorded on your credit reported, it disappears. You
can also try and make amends. I mean, obviously, if
you've met the payment or you've gone heavily in arrears,
you can always communicate with the lender and talk to
them and come up with an arrangement to get yourself
back on track. I think that's probably one of the
important things, is you know, communication, as most things, is

(10:23):
really important. If you can, if you can speak to
the lender that you're have in trouble with and come
up with a plan to try and get yourself back
on track, then they're usually going to be pretty amenable
to that.

Speaker 3 (10:33):
Yeah, absolutely, all right, Julian will very interesting. I guess
lesson is try not to get yourself in the bad
books in the first place. If you can, thank you
so much for your time, have a great.

Speaker 5 (10:44):
Weekend you two guys, thanks for having me.

Speaker 3 (10:47):
That's Julian Finch, principle at Finch Financial Well. Cam Zego
published an awesome article through the weeks talking about why
sell us are using puppy power, so pictures of cute
puppies to help sell their houses and it's sort of
the idea of using dogs and people use other things
as well in real estate property ads, like in the

(11:07):
pictures to make them feel more homely or create a
certain vibe.

Speaker 4 (11:10):
Well, like you were saying earlier, this morning, it's a
it's a glass of wine. Yeah, the garden furniture out
the back with the cyckers, some setting in the background,
all that sort of stuff.

Speaker 3 (11:19):
So all those photos you see online and not just
as simple as opening a camera and clicking go. So
much goes on behind the scenes. And Michelle Kroll is
a senior video producer and photographer at Regent Media. She
can tell us all about it. Hi, Michelle, how are
you going?

Speaker 1 (11:34):
Hi? Drink?

Speaker 3 (11:35):
That's good now, little Michelle. When you walk into a
property for the first time, what are some of the
things that you're looking for when it comes to photography, I.

Speaker 2 (11:44):
Think when I first walk into a property, before I
even take the camera out, I'm just trying to get
a field for the place. You know, what's the vibe.
It's sort of like I put myself as before I
was a cat. Okay, the capitle is going to gravitate
to the best place.

Speaker 4 (11:59):
And right the sunniest spot, so absolutely, and usually on
the couch as well.

Speaker 2 (12:05):
Usually on the couch in a nice sunny spot, and
that's always going to be the spot where you want
to have a cup of coffee or a glass of
wine at the end of the day, So I kind
of start there, that's the feature, and that kind of
gives me a bit of a feeling for, you know,
what this place might offer someone.

Speaker 4 (12:20):
Okay, and I would imagine the light. I mean, you
can light it, you can bring in lights, but natural
light is also a really big thing. Is that something
that you look for as well?

Speaker 2 (12:30):
Natural light is definitely a big thing, but I think
you still need to supplement natural light a little.

Speaker 6 (12:35):
Bit as well.

Speaker 3 (12:36):
Yeah, and what would you say is sort of the
number one challenge that real estate photographers face.

Speaker 2 (12:43):
I would think it would definitely have to be the
way the property is presented. So sometimes you're lucky and
the sellers have already moved on and they've had the
place professionally cleaned, and it's staged and it's you know,
display home quality. People are still living there, so it's
probably you just want to hope that when you walk in,

(13:04):
they've done a really good d clutter and you know,
the place is just generally tidy.

Speaker 3 (13:09):
That's what I was going to say, because if you
will walk into I've heard some really hectic stories about
these When you walk into a place and there's just
stuff everywhere, does your heart just see.

Speaker 2 (13:20):
It does, it's like, oh my goodness. Like usually what
happens is the real estate agent with you will go
around like move things in the other rooms.

Speaker 3 (13:29):
Yeah, that's good.

Speaker 4 (13:29):
When they do that, it's almost like the agent is embarrassed. Yeah.

Speaker 2 (13:36):
Okay.

Speaker 4 (13:36):
So now we've talked about the power of puppies, and
you know you've mentioned cats already. So pets are one thing.
What's one other thing that you always loved to including
your shots?

Speaker 2 (13:46):
Though, Oh I love to entertain. So for me, it's
always what's the place. Where's the place that I would
love to entertaining people? And I'm not talking kitchens. Usually
it's a wine cellar, and I always want to include
a wine cellar if there's one that's.

Speaker 3 (14:00):
Cam's language right there.

Speaker 2 (14:02):
Ye.

Speaker 4 (14:05):
And so do you have a favorite real estate image
that you've taken? Is there one that you just look
at you just go got everything right there?

Speaker 2 (14:13):
Look, every property is different and every property has its
own personality, which you know, I'll go back and think, yeah,
that's that's you know, that's just says everything about the place. Probably,
as you know, I do a lot of videos with
you can also for Zango. And while we're talking on
the puppy. Then one thing, one shot that I remember

(14:37):
was one property that we filmed in you tried to
get your head through a dobby door. Why did I
not hear about that?

Speaker 4 (14:44):
Well, so there's a number of reasons, but I've got
to say I was told to do that.

Speaker 3 (14:51):
Okay, I'll have to ask you about this off air
because I've got a lot of questions immediately.

Speaker 2 (14:57):
For maybe a miniature poodle. So there was no way
he was going to get me the old college try.

Speaker 6 (15:02):
That's it.

Speaker 5 (15:02):
That's it, all right.

Speaker 4 (15:03):
So I'm hearing you've got to have a pet, you've
got a declutter, and it's got to have a wine cellar.
And then we've got the purpose. We've got the perfect
place to photograph.

Speaker 2 (15:12):
Oh yeah, I'm sold. Sounds good.

Speaker 5 (15:15):
Oh, Michelle, that's so good.

Speaker 3 (15:16):
I feel like we'll have to talk to you about
this again at some stage because I feel like it's
such an interesting topic.

Speaker 2 (15:20):
Thank you so much for your time, and you're more story. Yeah,
I bet.

Speaker 3 (15:24):
And you were out just quickly in the freezing cold
this morning photographing the Winter Solstice swim.

Speaker 2 (15:31):
I was there was more than four hundred naked people
jumping into the lake this morning.

Speaker 3 (15:38):
They're braver than I am, that's for sure.

Speaker 4 (15:40):
On seven or whatever it was.

Speaker 3 (15:42):
Even more maybe, Well, good on you, Michelle. Hopefully you've
defrosted now, and thanks for your time. Have a great weekend.

Speaker 2 (15:49):
Thanks so much, guys, take care.

Speaker 3 (15:50):
That's so Michelle Kroll, Senior video producer and photographer at
Region Media.

Speaker 4 (15:55):
Well those are the interviews we most enjoyed in last
week's Mixed one O six point three Real State 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 and

Speaker 1 (16:09):
Rene's Real Estate Show on Mix one O six point
three
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