A landmark court case has cracked open a legal grey area around outsourced trust accounting in property sales, while a wave of poor buyer’s agent deals is dumping problem properties straight into property managers’ laps. This week’s episode unpacks what this means for PMs across Australia.
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The buyer’s agent sector is in the middle of a shake-up, and many PMs are copping the fallout. In this episode of The Property Management Excellence Podcast, REB’s Alex Whitlock, Liam Garman, and Emilie Lauer dig into why so many BA-sourced properties are landing on PMs’ desks with overvalued rental CMAs.
A last-minute rush to buy through SMSFs ahead of superannuation changes has also flooded the market with suboptimal purchases: properties bought in haste, now needing to be leased in a market that won’t necessarily deliver the returns investors were promised.
The trio then unpack a recent legal flashpoint: an NSW court case that has thrown outsourced trust accounting for sales into question, with particular reference to client disclosure.
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