How selling your rights became a multi-billion-dollar business

FLAT CHAT WRAP

Some big, big issues have shuffled shamelessly into the glare of the podcast spotlight his week.

Firstly we talk about the buying and selling of management rights and how that has become a huge, $8billion dollar business nationally.

Should we be worried that this is starting to creep into NSW and Victoria from Queensland, where the legalised rorting of apartment owners through pre-selling the rights to run their buildings all began?

What does it mean for owners in new buildings in the other states who will doubtless be told that selling 25-year contracts to commercial entities is “standard practice”?

And what are the implications for Queensland owners’ desperate attempts to get its pro-developer state government to put a cork in the bottle even if the genie can’t be persuaded to get back into it?

The other big issue is the appalling state of rental affordability in Sydney, especially, which includes a dire prediction from Jimmy that sounds suspiciously like a disruptive call to action.

Finally, we have big news about the podcast itself, plus our Lock up and Leave Pick of the Trips, and a tribute to our most dedicated listener of all.

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