And now the good news ... for some

FLAT CHAT WRAP

There’s some good news, some bad news and some great news in this week’s Flat Chat Wrap.

The good news (for investors) is that apartment prices and rents are going through the roof in Brisbane. The boom is being stimulated by preparations for the 2032 Olympics and an influx of new residents.

Of course, what’s good news for investors is generally bad news for tenants and not only are they facing rising rents and shortages of available properties in the Sunshine state, they’d think twice before escaping to Victoria.

There rents are rising but properties are falling, as in falling down. An “undercover” inspection of properties offered for rent in Victoria by the Consumer Policy Research Centre (CPRC) and Tenants Victoria revealed one-third of them failed to meet some of the basic living or safety standards.

And if you want to get away from all the doom and gloom, our Lock Up & Leave this week is a half-price, food and drink included, no-kids stay in a fancy hotel in Sorrento – the one in Italy, not the one in the Mornington Peninsula.

All that for $2k – less than a long weekend in a party flat in Docklands. It’s all in the Flat Chat Wrap.

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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.