Company title chaos and strata commish game-changer

FLAT CHAT WRAP

In this week’s podcast, we look at why a problem in a company title block .would have been much easier to resolve had the apartment been in a strata building.

The story in the Sydney Morning Herald is about a 71-year-old woman who has had to move out of her home because of damp caused by faulty water pipes in common property.

We explain why that problem could have been much more easily resolved had it been in strata.

We also touch on the recent albeit modest recruitment drive in the Strata Commission, and the areas where the profits from selling apartment are outstripping the gains from flipping houses.

And finally, Jimmy asks whatever happened to Strata Commissioner John Minns’ brilliant idea to have a two-stage First AGM for new strata buildings so that strata committees have time to examine the contracts and reject those that are designed to rip them off.
NB: This was recorded and posted before accusations aired on the ABC that John Minns had not told the government that a family trust had retained substantial shares in a property management company called IPG. We'll cover that in this week's podcast.

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Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.