Property Myths Vs Reality

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Aussie Real Estate Podcast 13 min 3 speakers 4 chapters transcribed
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What is the main topic discussed in this episode?

Unknown 0:02
It's the Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia.
Craig 0:09
And welcome to another episode of the Real Estate Podcast, available on iHeartRadio, also on Spotify and Apple Podcasts, or wherever you get your podcast from. Well, it's the end of another working week, Easter Friday weekend, the 15th of April for 2022. And coming up in just a moment, Rich Harvey from Property Buyer is here and we're going to be having a look at misconceptions and even fortune cookies. But first, let's have a look at the weather.
Unknown 0:39
It's the main centre forecast with propertybuyer.com.au.
Craig 0:44
And for Sydney, expecting mostly fine and a high today of 24 degrees. Melbourne partly cloudy with 23. Brisbane also partly cloudy with 27 degrees. And in Perth, expecting pure sunshine today with a high of 28 degrees.

What myths about property are commonly believed?

Unknown 1:02
We feature market updates, interviews and trends. It's your real estate podcast for breakfast.
Craig 1:08
And don't forget about the Real Estate Breakfast Club. Keep those registrations coming through. All you need to do is email us to myrealestatepodcast at gmail.com and write in the header, the Real Estate Breakfast Club. And there are all sorts of things to win. and exclusive real estate podcast content that only the Breakfast Club members will have access to. So that email address again is myrealestatepodcast at gmail.com.
Unknown 1:39
Let's Talk Property, a podcast series with Rich Harvey.
Craig 1:43
Well, there are plenty of myths in the world littered throughout our collective psyche, often shared as fact, when in reality, they're either misleading or incorrect. For example, fortune cookies were really created in Japan and not China. But there is one misconception in the real estate industry, which I think people cling to as an absolute fact, and that is that land appreciates Buildings depreciate. And to unpack this misconception, joining us is Rich Harvey, founder and CEO of propertybuyer.com.au to discuss this in more detail. Good morning, Rich.
Rich Harvey 2:24
Good morning, Craig. Great to be with you. How are you feeling? A bit tired after last night. I think you know the reason why, though.
Craig 2:31
Yeah, tell us a little bit about this Telstra Best of Business Awards. Now, you were among 24,000 businesses across Australia that actually put their nominations in. It was whittled down to just seven, which is an amazing achievement, really. How was your night?
Rich Harvey 2:53
Yeah, look, Craig, it was a great night. It was incredible to be amongst such a calibre of other business owners. You know, there's seven categories. There's actually around, probably around about 150, 200 finalists in total. But the category that I was shortlisted in as a finalist was called Progressing Australia, which is the top category. And what they're looking for, the judges in that category is businesses that are showing strong leadership and solving a community problem that's quite pervasive throughout the economy and throughout the community. It's an incredibly rigorous and challenging business awards program. Honestly, I enter a lot of awards, as you know, and my company's won 38 awards for excellence.
Rich Harvey 3:29
But to win, if you can win the Telstra one, you've made it. Honestly, it is the hardest, most challenging. So to enter, you have to do two written submissions of about 10,000 words each. Then you have a panel interview of three people. And then if you make the cut, then you do another panel interview with three really senior people. So one from Telstra and two other independent judges. And the level of questioning they drill down to is just unbelievable. We had the final judging on Tuesday and then last night they announced the winners. But unfortunately, we didn't win. But look, I'm really proud of my team and being able to actually be called a best of business finalist in 2022.
Craig 4:02
Mate, you must be doing something right because out of 24,000 businesses just to get into the top seven categories,
Rich Harvey 4:10
Oh, thank you. It is. Look, it's a real honor to be amongst all those other businesses. And there were some great people in the room too, and some very worthy winners.

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