216. Why the real estate sector must understand strata – with Leanne Pilkington

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The President of Real Estate Institute (NSW), Leanne Pilkington joins me this week. We cover:

  • why the relationship between property managers and strata managers needs to improve
  • recent changes to disclosure requirements when it comes to tenants moving into strata
  • how Leanne’s instinct drove her to start daily Facebook Live chats at the height of the pandemic 
  • Leanne’s refreshingly positive view of the future of the residential property market 

Links mentioned:

2 Comments. Leave new

  • Robert Budniak
    June 3, 2020 10:15 am

    Great discussion about knowledge of strata by sales agents. I have also found that buyers solicitors/conveyancers are culpable as well. I have rarely found a solicitor explain to a buyer what strata living means and especially what the by laws are and mean. For instance people buy a strata property and dont check whether they can keep an animal. (The sales agent may say a pet is allowed but the real answer lies in the by laws). Also its rare for a solicitors/conveyancers explain what the buyer is buying (ie lot property vs common property)

    Reply
  • Fernanda Rodas
    June 4, 2020 7:50 am

    I agree with Mr Budniak comment. Buying in a Strata Scheme is very dangerous at the moment because most people do not know what they are buying,

    Thanks Amanda!!

    Reply

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