Podcast: Property battle on for young and old
Update: 2022-05-17
Description
This week on the Flat Chat Wrap, as we approach the election, we are looking again at the various parties housing policies and wonder what they really mean.
We recorded this before the announcement that young people will be able dip into their Super to help fund the purchase of a flat or house if the Coalition holds on to power, and the revelation on ABC radio that they couldn’t find a single economist who thought it was a good idea.
I mean, do young people have much in the way of super anyway?
Instead we focus on the previous offer to older Australians to downsize and put their profits into their super. As we discuss, with the gap between median house and apartment prices being almost double, that could be a big chunk o’ money.
Elsewhere on the pod, we are revisiting a couple of hot topics that have been covered in detail on the website. There’s EV charging and some disturbing information about how the strata Hub will work, for a start.
There another piece of bad news for the benighted owners of Mascot Towers and a revelation from the Forum about a 24-unit block that’s just been hit with a $2 million special levy for a balcony revamp that might not even be needed.
All that and more in this week’s Flat Chat Wrap.
TRANSCRIPT IN FULL
Jimmy 00:00
It's the last week before the election, and they're throwing out policies. When I say throwing out; they're spreading their wisdom.
Sue 00:08
Absolutely.
Jimmy 00:09
So, we're going to talk about some policies that are related to apartments. We're going to talk about electric vehicles, because I listened into that webinar the other day. What else have we got, Sue?
Sue 00:22
We're also going to be talking about the latest development in Mascot Towers, which isn't so good, either. And, the case of an apartment building, which has just imposed a huge special levy on its residence.
Jimmy 00:38
Alright. I'm Jimmy Thomson, I write the Flat Chat column for the Australian Financial Review.
Sue 00:44
And I'm Sue Williams and I write about property for Domain.
Jimmy 00:47
And this is the Flat Chat Wrap.
[MUSIC]
Jimmy
So it's Sunday, and we've retreated to our little office, to get away from the smell of barbecue smoke from downstairs.
Sue 01:12
Because it's such a lovely day. It's a good BBQ day, really.
Jimmy 01:15
Whatever they're doing; they're either burning charcoal, or burning whatever they're trying to cook and they shouldn't be doing it. And you know who you are and you'd better stop. All right? Now, the election; well, we've got this policy, which is unfortunately about superannuation and downsizing. I say 'unfortunately,' because I don't really understand superannuation, to be honest.
Sue 01:43
Don't you?
Jimmy 01:43
No.
Sue 01:44
You better learn it quickly,
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