FLAT CHAT WRAP
FLAT CHAT WRAP
Jimmy Thomson & Sue Williams
Podcast: Property price panic and dodgy donations
28 minutes Posted May 11, 2021 at 7:22 am.
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Show notes
With property prices soaring but houses outstripping apartments, as detailed in this story, we try to make sense of it all.
Why is the gap between the cost of houses and apartments growing, even though apartment prices are coming back up to pre-pandemic levels.
And will the current apartment glut in Melbourne – with consequential 11 per cent drops in rents – flip to a shortage, soaring sales prices and runaway rents as soon as our borders reopen and short-term rentals are re-listed?
Who knows?  But we try to make sense of it all.
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Then we visit the vexed question, raised on the Flat Chat Forum, of whether or not it’s legal for your owners corporation or strata committee to make donations to political campaigns or fighting funds – even those related to strata issues.
If not, is there any way owners can support campaigns and movements they agree with, but not all of their neighbours do?
And then there’s another old chestnut form the forum – does your owners corporation have a duty of care to enforce by-laws? We say yes and explain why.
That’s all in this week’s Flat Chat Wrap.
TRANSCRIPT IN FULL
Jimmy 
House prices seem to have gone nuts all of a sudden.
Sue 
They certainly have and unit prices are going up as well, but not by as much.
Jimmy 
And in some places, are actually going down, I believe.
Sue 
Yes. In some places they are going down; in areas where there's an oversupply.
Jimmy 
Okay, well, we're going to be talking about that; we're going to be talking about something that's come up on the Flat Chat forum, about whether or not your Owners Corporation can make donations to campaigns.
Sue 
That's interesting.
Jimmy 
And we'll be talking about an old chestnut, about whether Owners Corporations have a duty to act on their bylaws. I'm Jimmy Thomson, I write the Flat Chat column for the Australian Financial Review.
Sue 
And I'm Sue Williams and I write about property for Domain
Jimmy 
And this is the Flat Chat Wrap.
MUSIC
Jimmy
Okay, Sue, you've been keeping an eye on house prices. Part of your many duties, writing for Domain.
Sue 
Yes, that's right. It's been kind of quite hard to keep your eye on them all the time, because they're moving so quickly.
Jimmy 
It's kind of surprising, isn't it? That we're, you know, we've just come out of there so we haven't even properly come out of the pandemic.
Sue 
But we just seem to be valuing our home so much more now. I mean, most most of us are now working from home a lot more. Time in lockdown has allowed us to look at our houses, and homes and apartments and think, what do we need? We need more space? Are we thinking of relocating? Actually spending a period,