PROPERTY LEGENDS with novak properties

⚡ Appliance traps landlords fall into ⚡Dishwashers. Ovens. Washing machines. Exhaust fans.Do you repair… or replace?

Join us, while we dive into why Warringah is the best place to live in NSW.

Wayne Hughes has been our business coach for 22 years — and in all that time, we've never seen him angry. Ever.Through COVID, career pivots, and even near team mutinies, Wayne has been our anchor — listening, guiding, never missing a Thursday session, and always asking: “What's your 2-year plan?”His wisdom isn't just about business — it's about life. About mindset. About staying grounded when everything feels off balance.Wayne doesn't just coach. He uplifts.We're lucky to have him — and we think every business deserves a "Wayne."

From Zero to 50+ Deals in 12 Months – Meet Josh WapshottEver wondered what it's like starting out in real estate?Josh Wapshot jumped into the industry just over a year ago. With a background in finance and investment, he joined Novak with big ambition—and has delivered BIG results:

Is ChatGPT about to disrupt the real estate giants?

Not all agents are created equal

Walking into NCAT as a tenant or landlord? It's not court, but it feels like one. From security checks to awkward blue lounge standoffs, we're taking you on a virtual walkthrough of what to expect when a dispute lands you at the NSW Civil and Administrative Tribunal.

In this conversation, Mark Novak and Josh discuss how excessive property supply can severely hinder capital growth, the key factor that increases the value of most people's real estate assets. They compare high-supply suburbs like Zetland, Epping, and Homebush—where mass apartment developments have led to sluggish growth—with low-supply, high-demand areas like Dee Why (DY), which have seen far greater appreciation. Using RP Data, they reveal dramatic differences: DY units rose by 88% over ten years, while areas like Zetland saw only 15–20%. This disparity translates into tens or hundreds of thousands in lost equity for investors and homeowners, directly impacting future borrowing capacity and financial opportunity.They emphasize that capital growth is not just about the suburb's name or location but about how much new stock it can absorb. Desirable, lifestyle-oriented suburbs—especially coastal areas—tend to hold their value because they offer limited development opportunities and strong demand. By contrast, areas with unchecked development become oversupplied and struggle with price growth. The conversation ends with a reflection on how important it is to invest wisely in areas with constrained supply and sustained demand, alongside a light-hearted celebration of Mark's birthday and acknowledgment of his contributions to the team.

In this candid and engaging conversation, Cleo—a property manager with 17 years of experience—shares her insights into the demanding yet rewarding world of property management and the realities of balancing work and motherhood. She explains how the role is centered around problem-solving, with property managers often only contacted when issues arise. Cleo emphasizes the value of experience and structure, noting that much of her day operates on autopilot thanks to routines developed over years in the industry. She describes the importance of clear frameworks and setting boundaries both at work and at home, highlighting how these strategies help her juggle the many responsibilities she faces daily.Cleo also opens up about her personal journey as a working mother, detailing how taking time off with her children and returning to work gradually helped her avoid feeling torn between roles. She stresses the necessity of honest conversations with employers about expectations and flexibility, and shares her “golden goose” lesson: letting go of perfection. Rather than striving for 100% in everything, she advises working mothers to focus on making small, manageable improvements and to accept that 80% is often enough. Her story is a mix of wisdom, practicality, and humour, offering encouragement to other parents navigating similar paths.

The emotional journey of downsizing after decades in the same home presents unique challenges that go far beyond simple real estate transactions. What happens when cherished memories, comfortable routines, and fierce independence collide with the practical realities of aging?Our fascinating conversation with Josh Wapshot reveals the delicate art of helping long-term homeowners transition to their next chapter. We unpack the psychology behind resistance ("You're only going to take me out of here in a box") and the surprising sense of relief many experience once they've made the move ("Oh my God, thank God we did that"). Size concerns naturally dominate initial discussions, as clients worry about trading spacious family homes for apartment living. But there's so much more to consider: strata costs that seem daunting until compared with ongoing home maintenance expenses; the increasing importance of accessibility features as mobility decreases; and the thoughtful process of "future-proofing" new homes with modifications like replacing sharp handles with pull drawers.Perhaps most interesting is why many seniors actively choose apartments over retirement villages. Asset protection plays a role, but equally important is the desire to maintain vibrant, independent living among diverse neighbors rather than age-segregated communities. And for couples, there's often the touching motivation to ensure the surviving partner won't face this challenging transition alone.Connect with us to learn how we take a patient, educational approach to guiding downsizers through what may be their final home purchase. With the right support, downsizing can transform from a dreaded necessity to an exciting new chapter with less maintenance, greater accessibility, and a home that truly supports this important life stage.

In this candid and motivating conversation, the hosts address the common reaction people have when they see others succeed in real estate—“Must be nice”—and break down how everyday buyers can achieve similar success. They share personal anecdotes and insights from decades in the property business, explaining that quick equity gains are possible through strategies like buying below market value, targeting high-growth areas, cosmetic upgrades, and smart structural changes. A major emphasis is placed on mindset—having belief and confidence is often the biggest hurdle—and surrounding yourself with a strong support team including brokers, solicitors, and trusted advisors.The discussion features a real-life example of a small 50-square-meter apartment purchased for just over $600,000, demonstrating how strategic modifications—like converting a study into a bedroom or reconfiguring a bathroom layout—can potentially add $100,000 in value for a modest $10,000 spend. They explain how the right floor plan and minor renovations can drastically increase resale value, with renderings and renovation ideas used to illustrate this. Ultimately, the hosts encourage listeners to act with confidence, build the right team, and seek out hidden opportunities that can turn modest property investments into substantial gains.

In this energetic and relatable conversation, the hosts reflect on the common sentiment of seeing others succeed in property investment and thinking, “Must be nice.” They aim to show that this level of success is achievable with the right mindset and strategy. The key lies in positioning yourself to act quickly on good opportunities, understanding vendor needs, targeting growth areas, and implementing value-adding tactics like cosmetic renovations or smart upgrades. They emphasize that belief in oneself is crucial—real estate isn't about physical labor but rather moving the right pieces, much like a game of chess. Building a support team (the “property team”) of emotionally and practically supportive people like brokers, solicitors, family, and mentors is just as essential as financial planning.They illustrate these principles with a real-life case study of a compact 50-square-meter apartment purchased for just over $600,000. By making simple changes—such as adding a cavity sliding door to create an extra bedroom and repositioning access to the bathroom—the buyer could increase the property's value by up to $100,000 with just a $10,000 investment. They highlight how small structural tweaks or thoughtful use of existing plumbing (like adding a laundry or second toilet) can greatly boost resale value. The discussion concludes with a reminder that these strategies aren't just for seasoned investors—anyone with the right guidance and initiative can apply them and benefit.

In this engaging conversation, the speakers explore the idea behind the phrase “must be nice” — the envy or curiosity sparked when others seem to succeed in property investment. They break down how regular people can achieve similar results by applying smart strategies such as buying below market value, targeting areas with growth potential, making cosmetic or structural upgrades, or leveraging off-the-plan purchases. Most importantly, they stress the significance of belief and mindset, encouraging buyers to build confidence and surround themselves with a supportive “property team” that includes family, brokers, solicitors, and mentors to guide them through the process.They illustrate these principles with real-life examples, including a 50 sqm apartment where minor changes like adding a wall or repurposing space can unlock substantial value. They also discuss how strategic renovations—such as opening up kitchens or converting laundries into powder rooms—can significantly boost equity. Using digital renders and floorplan insights, they show that with the right guidance and small investments, buyers can transform properties and generate wealth. The message is clear: with planning, support, and initiative, creating property success is achievable for anyone.

In this conversation, Michael Burgio from Novak Properties outlines how to select the right agent to sell a development site. He explains that not all real estate agents are suited for this task, comparing them to different types of teachers—some specialize in residential properties, others in commercial, off-the-plan, or development sales. Burgio emphasizes the importance of choosing a commercial agent familiar with zoning regulations, feasibility studies, and specialized platforms like Real Commercial. He encourages sellers to verify an agent's track record, not just through claims, but by checking their sales history and public campaigns, ensuring they have real experience with development sites.He further explains the critical role of the agent during and after expressions of interest (EOI) campaigns. An experienced agent should know how to identify decision-makers, verify funding sources, and ensure contracts are exchanged quickly to maintain momentum. Burgio also highlights that the agent must understand resale values and construction costs, as developers base their offers on potential profit margins. He concludes by recommending a full-service agency—like Novak—that can cover all facets of property sales, offering a more strategic and unified approach to selling development sites.

The conversation centers around the dynamics of neighbor relationships in rental properties, highlighting both the challenges and the positives. The speakers discuss how events like the State of Origin can lead to increased noise and interaction among neighbors, and share real-life scenarios where neighbors have shown concern—such as noticing uncollected packages or an absent tenant. They point out how tenants rarely inform property managers of holidays, leading to misunderstandings, and emphasize that while some neighbors are caring and proactive, others may hesitate to speak up due to fear of confrontation or privacy concerns.They also compare the neighbor experience in different housing types, noting that smaller unit blocks often foster closer relationships, while large complexes or tightly-held residential streets bring a different level of scrutiny. The discussion touches on tenants' expectations, how neighbor behavior can affect property perception, and the importance of communication in maintaining harmony. Light-hearted moments, like sharing lemons and community gardens, reinforce the value of neighborly goodwill, ultimately suggesting that good neighbors—whether nosy or helpful—can be a real asset in any rental or ownership situation.

In this detailed discussion, Michael Burgio addresses a growing trend of homeowners inquiring whether their property qualifies as a development site under recent zoning changes in NSW. He explains how to assess development potential by checking zoning (e.g., from R2 to R3), permissible building heights, and floor space ratio (FSR). Using a hypothetical 1,000 sqm block, he walks through calculating gross floor area, net saleable area, and potential number of units, illustrating how these factors can drastically affect land value. He emphasizes that tools like the state government's zoning map can provide a starting point for understanding if a property qualifies for higher-density development.Michael then explores how to estimate a site's value from a developer's perspective using "napkin math"—factoring in gross realisation (GR), construction costs, and desired return on investment. He demonstrates how variables like buildable area, setbacks, and council objections can reduce the theoretical value of a site, even if it meets zoning criteria. The conversation stresses the difference between a property's market value and its development value, advising owners to crunch numbers first before engaging with developers or agents. He concludes by suggesting a follow-up episode to cover the sales process if a site is viable.

The conversation introduces the Z Marketing Strategy—a zero-dollar marketing approach designed to eliminate upfront advertising costs for property sellers. Developed in response to the industry's reliance on vendor-paid advertising (VPA), the strategy allows sellers to test the market without committing to costly digital exposure or leaving a digital footprint on real estate portals. Instead, properties are initially promoted exclusively to the agency's curated buyer database, via social media, and direct outreach. This gives sellers the advantage of reaching serious buyers early, while maintaining privacy and flexibility.The team explains that this method has been a game changer, especially for vendors who are unsure about selling or have had unsuccessful campaigns with other agents. Professional photos and signage are paid for by the agency, not the vendor, ensuring a high-quality campaign with no financial risk. About 70% of properties marketed through the Z Strategy sell in the pre-market phase—often at strong prices—proving that buyers are willing to pay a premium for early access. The approach has redefined how properties are introduced to the market and offers sellers a refreshing, results-driven alternative to traditional marketing.