Are we adequately prepared for the consequences of the rapid surge in apartment construction and the subsequent increase in strata dwellings?

As we witness a significant increase in the number of new dwellings within strata schemes, it's essential to assess whether our current strata management practices are sufficient to handle the associated challenges. From potential conflicts among residents to the strain on resources and infrastructure, the implications of this rapid growth in strata dwellings are far-reaching and require careful consideration.

Today, we're joined by Michael Teys, an experienced consultant who specialises in strata management. With over three decades of hands-on experience in the field, Michael has a deep understanding of how strata systems work. He's also written several easy-to-understand books about strata management and has helped lots of strata communities with his expert advice.

Don't miss out on this opportunity to gain a deeper understanding of the evolving landscape of strata management – tune in now!

Episode Highlights:

00:00 - Introduction

01:07 - Who is Michael Teys?

01:48 - How does Australia stand out in terms of strata?

05:26 - Will Sydney continue to see more buildings deemed unsafe?

09:00 - Could individual past owners of buildings face lawsuits for building neglect in Australia?

12:03 - What can Australia learn from global solutions for building issues?

17:31 - The importance of having more proactive steps for Australian strata issues

21:19 - Why and how the government could potentially help in addressing strata issues

29:34 - What can be done to improve the strata property purchasing processes?

35:15 - What property investors and home buyers should understand about strata levies

36:29 - How do global policies tackle strata safety and developer accountability across borders?

39:37 - How can potential buyers obtain reliable safety information about strata properties?

44:49 - What strategies could be considered to ensure building safety remains a priority?

49:56 - Where to find hope amidst the challenges and discussions within the strata community?

52:50 - Michael Teys’ property dumbo

About Our Guest:

Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals.

Connect withMichael Teys:
Website https://michaelteys.com/
LinkedIn https://www.linkedin.com/in/michaelteys/

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at:
The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

Are we adequately prepared for the consequences of the rapid surge in apartment construction and the subsequent increase in strata dwellings?
As we witness a significant increase in the number of new dwellings within strata schemes, it's essential to assess whether our current strata management practices are sufficient to handle the associated challenges. From potential conflicts among residents to the strain on resources and infrastructure, the implications of this rapid growth in strata dwellings are far-reaching and require careful consideration.
Today, we're joined by Michael Teys, an experienced consultant who specialises in strata management. With over three decades of hands-on experience in the field, Michael has a deep understanding of how strata systems work. He's also written several easy-to-understand books about strata management and has helped lots of strata communities with his expert advice.
Don't miss out on this opportunity to gain a deeper understanding of the evolving landscape of strata management – tune in now!
Episode Highlights:
00:00 - Introduction
01:07 - Who is Michael Teys?
01:48 - How does Australia stand out in terms of strata?
05:26 - Will Sydney continue to see more buildings deemed unsafe?
09:00 - Could individual past owners of buildings face lawsuits for building neglect in Australia?
12:03 - What can Australia learn from global solutions for building issues?
17:31 - The importance of having more proactive steps for Australian strata issues
21:19 - Why and how the government could potentially help in addressing strata issues
29:34 - What can be done to improve the strata property purchasing processes?
35:15 - What property investors and home buyers should understand about strata levies
36:29 - How do global policies tackle strata safety and developer accountability across borders?
39:37 - How can potential buyers obtain reliable safety information about strata properties?
44:49 - What strategies could be considered to ensure building safety remains a priority?
49:56 - Where to find hope amidst the challenges and discussions within the strata community?
52:50 - Michael Teys’ property dumbo
About Our Guest:
Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals.
Connect with Michael Teys:
<ul>
<li aria-level="1">Website <a href="https://michaelteys.com/">https://michaelteys.com/</a></li>
<li aria-level="1">LinkedIn <a href="https://www.linkedin.com/in/michaelteys/">https://www.linkedin.com/in/michaelteys/</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at:</li>
<ul>
<li aria-level="2">The Elephant in the Room Property Podcast - <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
</ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="http://www.blusk.au">https://www.blusk.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@blusk.au">hello@blusk.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

Advertisement