A recent decision by a West Australian court to allow a buyer to cancel their contract over a "nasty neighbour" has sent shockwaves through the industry. Ray Ellis, chief executive officer at First National, sits down with host Grace Ormsby to break down the court's ruling and analyse its implications for the industry. Outlining the precedent he believes the judgement sets nationally and questioning where the buck now stops with regard to due diligence, the CEO also elaborates on the importance of thorough research when purchasing a property and why such practices are important for buyers and sellers alike. In this episode, you will also hear:

• How agents can protect themselves
• COVID's psychological impacts on budgeting
• The current state of the Australian property market

Make sure you never miss an episode by subscribing to us now on Apple Podcasts. Did you like this episode? Show your support by rating us or leaving a review on Apple Podcasts (REB Podcast Network) and by liking and following Real Estate Business on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend a voice to the show, email [email protected] for more insights.