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There’s some good news and some possibly calamitous bad news in this week’s podcast.
Firstly, the number of apartment building approvals was up by more than 50 per cent in December, month on month.
Then a major league developer has told state governments they need to make much more of an effort on affordable and build-to-rent apartments.
But all of that is in the future. Right now, tens of thousands of Chinese university students have been told they need to get back to in-person tuition.
That means an incoming surge of students, all of whom need to be housed somewhere in a market that’s already collapsing under the strain of massive demand and critically low availability.
Does this mean we’re heading back to overcrowded apartments and slumlord head tenants renting apartments then cramming them with overseas students?
That’s all in this week’s Flat Chat Wrap.
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Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
The issue we raised last week rumbles on with experienced waterproofers claiming they are being driven out of the industry in NSW while engineers and builders line up to take sides.
We can see why there was a need to tighten the regulations but if it ends up with competent operators being forced out of the industry, leading to strata schemes not being able to fix their common property or, even worse, going to the "dark side" to get things done, what's really been gained?
And we take a look at Queensland property prices. Why have they been soaring when most other states are falling? Is there room for more growth? Or has the bubble burst?
And, while we're at it, we spell out what we'd be looking for in a Queensland apartment, with one eye on the state's cockamamie management contracts, if we were thinking of investing there.
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Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
This week we look at how one of the greatest conveniences in apartment blocks could be not only costing you money but undermining efforts at recycling.
The humble garbage chute can be a major pain in the wallet if it’s misused, and a threat to recycling if residents chose to drop rather than sort.
We have advice for a radio superstar who’s having to move out of her home because of paparazzi pests.
We hear about a builder whose ready to retire because the laws brought in to clear the cowboys out of the industry are making his life impossible – and he’s one of the good guys.
And we chat about an increasing dilemma in apartment blocks – living with people with mental health issues – and how one couple are trying to prevent their son from being driven out of his home.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
We all know there’s a housing shortage and we are seeing signs of overseas workers and students coming back to our cities, so it should be no surprise that rents are going up.
Yup, that old supply and demand equation never fails. But the surprise part of all this is how rents on apartments are going up by so much more than on houses.
We kick that around with some astonishing figure on this week’s Flat Chat Wrap – especially looking at some unexpected areas where unit rents have soared.
Then we look at the potential for apartment blocks to go up in the world. Got a crumbling block that badly needs fixing? Add a couple of penthouses and sell them to rescue the rest of the building.
It’s not quite “the sky’s the limit” – the height restrictions in your local council area are. However, according to an expert in roof space additions, there’s billions of dollars of untapped potential right above our heads.
Finally, we look once again at electric cars and growing grumbles that being forced to install the infrastructure for car charging will add extra costs to new buildings.
How much? Listen to the podcast or read the transcript.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
This week’s podcast is short but not very sweet (despite it being our 200th). Sue is away in the UK, which allows me to vent about a couple of issues that have been bugging me.They are not particularly new – it’s just I’ve been irked by new examples.The first is based on a post to the Forum which details how a small-scale developer and his family have cynically and meticulously manipulated the votes in their strata scheme.Firstly they inflated their voting power to elect themselves as the committee, then avoided paying levies for the Unit Entitlements that they used to dominate the voting.Then they stacked the votes so that they have a veto over any big decisions the purchasers of their homes may want to make.Is it legal? Yes, mostly, but they tripped themselves up over one crucial detail.Then we have the issue of phoenixing and, more to the point, what the government isn’t doing about it.In my book of strata nastiness, phoenixing – where a developer walks away from their liabilities over defects, dissolves the company then starts another doing exactly the same thing – is fraud and the perps should be in jail.There’s no point expecting Building Commissioner David Chandler to come to the rescue. These are existing properties, not new builds and in any case, company law is Federal, not state business and ASIC clearly doesn’t care. They’d rather protect the “rights” of businesspeople to screw up and try again than our right to get what we paid for when we buy a home.Meanwhile, apologies for the late arrival of last week’s podcast (and thanks to Chris for the heads-up). Human error meant it was posted late.And getting back to last week’s references to our automatic transcription service getting things wrong, this week it has “pheonixing” as Phoenix Singh – I think I’ll make that my drag name.TRANSCRIPT IN FULLJimmy 00:00It's Sunday morning and here I am, all alone in our makeshift Flat Chat podcast studio (which is basically my desk, with the door closed). Sue Williams is not here; she's in London, as we mentioned last week. And that's a shame, because this is our 200th episode. Not only that; we are getting perilously close to having had 50,000 listens to the podcast, over the past couple of years, which is a big milestone for us, that's for sure.So this being Sunday, I have to apologise if what follows turns out to be a bit of a sermon. But there's a couple of stories that have caught my attention in the past week, which are all about doing the right thing and the people who do the wrong thing and get away with it. I'm talking about people who take control of their committees of their strata schemes, by pretty dodgy means.And I'm talking about phoenixing developers, who leave ordinary people with huge debts and defects in their buildings. That's a lot to talk about, so we'd better get on with it.I'm Jimmy Thomson, I write the Flat Chat column for the Australian Financial Review, and this is the Flat Chat Wrap.[MUSIC]JimmyA couple of stories have come to my attention in the past week, both of which really bothered me. One of them is in the Flat Chat forum and that's about how a family, who are all connected to a developer, have managed to structure things so that they retain control of the building, regardless of the opinions of people who buy in.The other one is a story (I think one with which we have all become familiar over the years), of a developer, who's gone out of business, leaving huge debts for unfixed defects, and has started up another company with a similar name, doing exactly the same thing, and claims that this is not phoenixing. So we're going to have a look at both and see how this can happen, and what can be done about it. So starting with the power-grab; the family power-grab in this story in our forum. Basically, what's happened here is a developer has started building what they call a stage-development.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to [email protected].
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
From the publisher's feed
All about living in apartments (condos), from dealing with your committee to getting on with neighbours and – a dose of healthy skepticism about dubious developers. Please subscribe by clicking on…

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