Category: Property Market

The Elephant In The Room: How Dangerous Is Asbestos Exposure When Renovating?

Did you know that statistically, over 4,000 people die each year due to asbestos exposure? Not only that – one out of three properties in Australia contain asbestos, and most occupants aren’t even aware of it! 

Knowing this, why is this issue yet to be addressed properly?

How serious is this problem, and how can you make sure that you’re safe from it?

Martin North of Asbestos Awareness Australia will walk us through everything we need to know about asbestos and how to deal with it, and the dangerous consequences its presence poses in property. We’ll also discuss myths about asbestos, the lack of action most people have, accreditation for asbestos removal, and more.

If you enjoy the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

Episode Highlights:

  1. A warning for property owners [01:38]
  2. The problem with asbestos [03:53]
  3. Are Australians aware of this asbestos issue? [08:50]
  4. The dangers of not knowing if there’s asbestos in your property [11:56]
  5. Is asbestos fine on your property as long as it’s not disturbed? [16:59]
  6. The lack of action towards asbestos [20:34]
  7. More women are being diagnosed with mesothelioma due to DIYs [25:39]
  8. Driving political change that addresses the issue [28:23]
  9. The urgency when dealing with asbestos [34:54] 
  10. Debunking the myths about asbestos [37:25]
  11. Checking a service provider’s accreditation for asbestos removal [39:36]
  12. How the UK deals with the dangers of asbestos [42:10]
  13. Don’t just leave it to the government [45:00]
  14. Remember to wear a mask and other protective equipment [49:17]

Links from the Show:

The Unequal Relationship Between Mortgage Holders And Their Banks…

Like it or now, Banks hold all the cards if a mortgage holder gets into financial stress. So what are the signs to look for, and how can we avoid getting trapped. I discuss this important issue with Robert Elftmann who has successfully negotiated numerous mortgage disputes with banks and in the best interest of the borrowers since 2010.

Robert is in no way connected or affiliated with the banking industry and is acting independently.

https://www.mortgageresolution.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

More First Time Home Buyer “Bribes” Doesn’t Help Anyone…

More bribes for First Time Home Buyers, which actually work AGAINST housing affordability, and are another example of “unnatural acts” to keep the bubble going.

The Tasmanian state government will take over from “the bank of mum and dad” to help young home buyers achieve their dream of owning a place of their own.

The revamped Housing Market Entry Program will mean potential purchasers can buy a home with as little as a two per cent deposit — and the government will kick in up to $200,000 of the purchase price as an equity contribution.

It would mean an eligible applicant wanting to buy a $500,000 home could do so with a deposit as low as $10,000 and a mortgage of $300,000.
“The government will actually provide people with the opportunity to have the government as an equity partner, in the first home, either build or purchase.”

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

The ProBuild Canary!

One of Australia’s largest construction companies is reportedly in difficulty and many projects have stalled while contractors might lose thousands. Was this just bad management of one company or a signal of wider strife across the industry, as supply chain disruptions, costs and demand all impact the sector?

Those who watch our regular shows might not be that surprised!

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Social Housing’s Impossible Mission…

Victoria set to bring in social housing ‘contribution’ The state will introduce a new Social and Affordable Housing Contribution on certain developments from July 2024, it has been announced.

The Andrews government has announced that, from July 2024, all newly built developments with three dwellings or more, or of three or more residential lot subdivisions, will need to contribute 1.75 per cent of the market value of the completed project to the Social Housing Growth Fund.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

The Shifting Sands Of Regional Migration

New data from the Commonwealth Bank reveals quarterly migration from capital cities to regional areas over the past two years is averaging 15 per cent higher than what is was in the two years pre-COVID 19.

A structural break in migration patterns has emerged during the two years of the pandemic. Capital city dwellers moving to the regions have generally accounted for a 6.1 per cent share, up from the 5.3 per cent share pre-pandemic. Meanwhile the share of regional people making a city move has ebbed and flowed a little more, but has hovered around a 4 per cent share during the pandemic, down from the 4.3 per cent share pre-pandemic.

National home loan affordability fell “dramatically” in 2021, with a record calendar year decline of 14.5 per cent, according to non-bank lender Bluestone.

Bluestone Home Loans has released its Home Loan Affordability Index for December quarter, revealing the index fell to 93.8 in December 2021 quarter compared to 82.9 in the December 2020 quarter.

And the HIA says affordability constraints in detached housing are expected to push some households into townhouses and apartments. A return of migration will assist in offsetting the impact of a rise in interest rates for multi-unit construction.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

CBA, The “S” Word, And Why They Want Slow Rates Rises…

Today we look at the CBA’s outlook on interest rates, and mortgage stress, as well as the latest from New Zealand on home price and sales growth as both slow.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.