Latest / The Real Estate Show / Mix 106.3's Real Estate Show - 27/06/26

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Mix 106.3's Real Estate Show - 27/06/26 · The Real Estate Show

• 0:01
  Speaker 1: Cameron Renee's Real estate show on Mix one O six
• 0:04
  Speaker 1: point three Step into Stylish low maintenance living in Canberra's
• 0:08
  Speaker 1: Inn North to Work by JW Land.
• 0:11
  Speaker 2: Cam, We're ready for another Mixed one and six point
• 0:13
  Speaker 2: three real estate show podcast.
• 0:15
  Speaker 3: Yes, thanks to JW Land and we get to relive
• 0:18
  Speaker 3: our conversations that we had live on the radio on
• 0:21
  Speaker 3: Saturday morning. Steve Low, Director Agent Team Camera. It was
• 0:24
  Speaker 3: a long to talk about knocking down and rebuilding and
• 0:26
  Speaker 3: if it's still viable in Camebra.
• 0:29
  Speaker 2: Yes, because of course lots has changed. You know, building
• 0:32
  Speaker 2: costs are super high. There's lots of factors to consider
• 0:35
  Speaker 2: that he gave us a real good.
• 0:36
  Speaker 4: Insight into all of them.
• 0:36
  Speaker 3: Yeah, And I mean essentially what he is talking about
• 0:39
  Speaker 3: is if you're trying to flip one quickly, then no
• 0:42
  Speaker 3: against bart, when is it viable? Just have a listen
• 0:45
  Speaker 3: to the conversation and it all plays out.
• 0:47
  Speaker 4: Absolutely.
• 0:48
  Speaker 2: We also had a very interesting chat between you and I.
• 0:51
  Speaker 2: You shared a list with me, a very interesting list
• 0:54
  Speaker 2: that created quite a bit of conversation and we had
• 0:56
  Speaker 2: someone actually call in and throw in their two cents
• 0:58
  Speaker 2: as well.
• 0:59
  Speaker 5: Absolutely.
• 0:59
  Speaker 3: So this was about low maintenance plants and that's how
• 1:03
  Speaker 3: they're sold to you.
• 1:05
  Speaker 5: Sure, right, but they actually.
• 1:06
  Speaker 3: Cause more work and create more havoc, yes, than what they're.
• 1:10
  Speaker 5: Supposed to do.
• 1:11
  Speaker 2: And a lot of them, the recurring theme seems to
• 1:13
  Speaker 2: be a lot of them can just absolutely mad.
• 1:16
  Speaker 3: I tell you what and don't reveal what it is.
• 1:18
  Speaker 3: But did the number one? Did it surprise you.
• 1:21
  Speaker 4: A little bit?
• 1:22
  Speaker 5: Yeah, a little bit. It surprised the hell out of
• 1:24
  Speaker 5: me when I read it, Yeah.
• 1:25
  Speaker 4: For sure.
• 1:25
  Speaker 2: So that created a lot of conversation, that's for sure.
• 1:28
  Speaker 2: And we also spoke to Hannah gil director at Podium
• 1:31
  Speaker 2: Property Management and reacc board member about selling an investment
• 1:34
  Speaker 2: property with tenants in place.
• 1:36
  Speaker 3: The whole range of great advice in that conversation as well.
• 1:39
  Speaker 3: It's all ahead of you as you have a listened
• 1:41
  Speaker 3: to the podcast thanks to JW Land a mixed oney
• 1:44
  Speaker 3: six point three.
• 1:46
  Speaker 2: Well, can with all the things that have been going
• 1:48
  Speaker 2: on in property and real estate of the last year
• 1:51
  Speaker 2: or two, we're asking a question this morning, is knocking
• 1:54
  Speaker 2: down and rebuilding still viable in Canberra?
• 1:57
  Speaker 3: Do you know when I arrived at the radio station
• 1:59
  Speaker 3: in the year two thousands, Okay, the very first live
• 2:03
  Speaker 3: read that I recorded to go on the radio was
• 2:07
  Speaker 3: for Raws and Holmes okay, and it was knockdown rebuild okay.
• 2:10
  Speaker 5: So that was the youtubow. So this has been a
• 2:12
  Speaker 5: thing for a long long.
• 2:13
  Speaker 2: Time, right, and it'd be interesting to learn about how
• 2:15
  Speaker 2: often are people doing that at the moment and what
• 2:18
  Speaker 2: that's looking like now. And Steve Low, director of Agent
• 2:21
  Speaker 2: Team Cambra, joins us.
• 2:22
  Speaker 4: Steve, good morning, good morning.
• 2:24
  Speaker 2: Now, obviously we have heard a lot about things like,
• 2:26
  Speaker 2: you know, rising building costs and things like that. Is
• 2:29
  Speaker 2: knocking down and rebuilding still financially viable in camebra.
• 2:33
  Speaker 6: Coo, It really it's very lineaball. Yes, the build costs
• 2:39
  Speaker 6: are super high right now. The cost you need to
• 2:42
  Speaker 6: pay to the government are really high. And it does
• 2:46
  Speaker 6: you know, you have to have a really long term
• 2:48
  Speaker 6: horizon if you want to knock down and rebuild. Is
• 2:51
  Speaker 6: that going to be your family home for the next
• 2:52
  Speaker 6: twenty years? Great? If so, go ahead, get it done.
• 2:55
  Speaker 6: We're going to try and do a fairly quick flip.
• 2:58
  Speaker 6: It's typically enough margin in it. Yeah.
• 3:01
  Speaker 3: I was going to say long term surely, because like
• 3:03
  Speaker 3: you can build a house that is you know what
• 3:06
  Speaker 3: nine point five rating, so that you can absolutely get
• 3:09
  Speaker 3: the very best of that over long term, but maybe
• 3:12
  Speaker 3: not quite so much with short term.
• 3:14
  Speaker 6: Steve, Yeah, yeah, And so I think it's really about,
• 3:18
  Speaker 6: you know, the land at the moment. If you want
• 3:20
  Speaker 6: to buy a new block, it's you know, the twelve
• 3:23
  Speaker 6: hundred dollars a square meter in some parts of Canberra,
• 3:26
  Speaker 6: and you add the build cost on top of it,
• 3:27
  Speaker 6: you kind of yeah, you wouldn't want to have to
• 3:29
  Speaker 6: sell a short term Yeah.
• 3:31
  Speaker 4: Absolutely.
• 3:31
  Speaker 2: And what are some of the advantages of knocking down
• 3:34
  Speaker 2: and rebuilding?
• 3:36
  Speaker 6: The advantages are really that if you do a knockdown
• 3:39
  Speaker 6: rebuild is typically in an established suburb, so you've got
• 3:42
  Speaker 6: all the benefits of the established suburb. And the established
• 3:45
  Speaker 6: suburbs in Canberra have larger blocks and better infrastructure and
• 3:48
  Speaker 6: tree line streets and you know exactly what that suburb
• 3:51
  Speaker 6: is like because it's existing. And so the benefit than
• 3:55
  Speaker 6: doing the knockdown rebuild is that you get your home
• 3:57
  Speaker 6: designed to your needs built for you. That is the
• 4:01
  Speaker 6: number one benefit of.
• 4:02
  Speaker 3: It, and those are all really important things. But it's
• 4:05
  Speaker 3: also placing community, isn't it. You've got all the people
• 4:08
  Speaker 3: who you know around you, you've got those support structures.
• 4:12
  Speaker 3: You know whether you can just walk down to the
• 4:13
  Speaker 3: shops or whatever it is. So for me that's just
• 4:16
  Speaker 3: as important.
• 4:18
  Speaker 4: Yeah.
• 4:18
  Speaker 6: Absolutely, And that's why you do see you do see
• 4:21
  Speaker 6: a family is doing these knockdown rebuilds more so than
• 4:24
  Speaker 6: developers or builders at the moment because, as I said,
• 4:27
  Speaker 6: there's just not a margin in.
• 4:29
  Speaker 7: It right now.
• 4:29
  Speaker 2: Yeah. And so, Steve, you're currently selling a property in Higgins,
• 4:33
  Speaker 2: that's that's essentially a knockdown opportunity.
• 4:35
  Speaker 4: Tell us a bit about that.
• 4:37
  Speaker 6: Yeah, So we're selling eleven penny Father Street in Higgins
• 4:40
  Speaker 6: and it's a it's a mortgage in possession sale and
• 4:43
  Speaker 6: it was I guess abandoned about six years ago. And
• 4:48
  Speaker 6: it's not it's a right off like I you know,
• 4:50
  Speaker 6: I used to be a builder. I could pick any almost.
• 4:52
  Speaker 4: Anything over this one. You just wouldn't.
• 4:55
  Speaker 6: You wouldn't get your money back on it. But if
• 4:58
  Speaker 6: you buy it for what we expect it to self
• 5:00
  Speaker 6: around five fifty or six hundred thousand dollars, that's seven
• 5:03
  Speaker 6: hundred and thirty one square meters of land in an
• 5:06
  Speaker 6: established suburb. And that's you know, only seven to fifty
• 5:09
  Speaker 6: a square meter. It's about a thirty to forty percent
• 5:11
  Speaker 6: discount of what you'd buy new land in a nearby
• 5:14
  Speaker 6: new suburb for. So therefore, straight up you're saving thirty
• 5:18
  Speaker 6: percent of your overall costs. So yeah, a knockdown rebuild
• 5:22
  Speaker 6: like that perfect.
• 5:23
  Speaker 5: Yeah.
• 5:23
  Speaker 2: And is this the conversation, sorry, Camjo twenty that is
• 5:26
  Speaker 2: this the conversation you're having with people looking at this
• 5:28
  Speaker 2: Higgins place and how they can go about that.
• 5:31
  Speaker 6: Yeah, so we're getting we're getting a lot of people
• 5:33
  Speaker 6: just sporting to have a look at you know, how
• 5:35
  Speaker 6: bad actually is it? But it really doesn't matter because
• 5:39
  Speaker 6: a twenty twenty time escavator packs that house up pretty quick.
• 5:42
  Speaker 6: So people that are looking into it are running their numbers.
• 5:46
  Speaker 6: They're working out they can buy the land for x,
• 5:48
  Speaker 6: and then the build cost is going to be this,
• 5:51
  Speaker 6: and then you know, the potential resale value in two
• 5:54
  Speaker 6: years time will be that. You know, if it starts up,
• 5:57
  Speaker 6: they'll purchase it. So we've got three or four people,
• 5:59
  Speaker 6: so we're running their calculations right now.
• 6:01
  Speaker 3: Okay, finally and quickly. And other than Agent Team Camera
• 6:05
  Speaker 3: dot com where it's the best place to get knocked
• 6:08
  Speaker 3: down and rebuild advice, there's.
• 6:11
  Speaker 6: A few people that you need to chat to so
• 6:13
  Speaker 6: obviously an architect to sort of give you a rough
• 6:17
  Speaker 6: kind of indication of what you could squeeze onto a
• 6:21
  Speaker 6: site like that, and then you speak to building certifiers
• 6:23
  Speaker 6: about the costs involved, and then you start talking to
• 6:26
  Speaker 6: builders about the build costs. So yeah, it's it's a consultant.
• 6:32
  Speaker 6: You need a panel of consultants basically.
• 6:34
  Speaker 4: Yeah.
• 6:34
  Speaker 2: Absolutely, Well, Steve, thank you so much for your time,
• 6:37
  Speaker 2: as always, really appreciate it. There is she is Steve Load,
• 6:41
  Speaker 2: director of Agent Team Camera There. Well, Cam, you've got
• 6:44
  Speaker 2: a list for me that I haven't seen yet. I
• 6:46
  Speaker 2: want to learn about it now, as everyone else is
• 6:49
  Speaker 2: who's listening, tell me about this list?
• 6:51
  Speaker 3: Well, look, I had a few interview opportunities through the
• 6:53
  Speaker 3: week and there was a few balls in the air
• 6:55
  Speaker 3: so they didn't quite land probably, But I saw this
• 6:58
  Speaker 3: one on Thursday at domain dot com.
• 7:01
  Speaker 5: Dot a you uh, and I thought this is kind
• 7:03
  Speaker 5: of cool.
• 7:03
  Speaker 3: Now, not for one second are we trying to make
• 7:06
  Speaker 3: this a gardening show?
• 7:08
  Speaker 5: Right? So I'm not Don Burke, No, not Jamie Jury.
• 7:11
  Speaker 5: Who's the Greek bloat you know with a bid?
• 7:15
  Speaker 2: Oh George, yeah, yeah, yeah, that's.
• 7:20
  Speaker 3: Right, So we know who you're talking about. So we're
• 7:22
  Speaker 3: not trying to do that, but I sort of thought
• 7:23
  Speaker 3: this was kind of cool.
• 7:25
  Speaker 4: So what they did is Costa Georgiadas.
• 7:27
  Speaker 5: That's the one, sorry, Costa.
• 7:29
  Speaker 3: So under the heading of five low maintenance plants that
• 7:34
  Speaker 3: actually create more work, okay, and what you can grow instead.
• 7:39
  Speaker 3: This is interesting because I want to know if this
• 7:41
  Speaker 3: is any of the ones that we've got in our house.
• 7:44
  Speaker 3: But I love an indoor plant, okay, okay, so hit me. Okay,
• 7:47
  Speaker 3: So they're not so they're they're just their indoor and
• 7:49
  Speaker 3: outdoor okay.
• 7:50
  Speaker 1: Cool.
• 7:50
  Speaker 5: And they didn't put them in a list of five
• 7:52
  Speaker 5: to one, but.
• 7:52
  Speaker 3: I have okay, cool, and it's in their order, So
• 7:55
  Speaker 3: number five, and I'll try and do my best. I've
• 7:57
  Speaker 3: got the pictures here, so I'll hand them to you.
• 8:00
  Speaker 4: Okay, great.
• 8:01
  Speaker 5: So at number five, Aga panthers.
• 8:04
  Speaker 4: The purple ones, the tall purple the.
• 8:06
  Speaker 3: Ones, yes, yes, and so what it says beautiful and
• 8:10
  Speaker 3: so it says. Aga panthers have long been a go
• 8:13
  Speaker 3: to choice for tough, drought tolerant color. Once established, it
• 8:17
  Speaker 3: can survive with little attention. But that's also part of
• 8:20
  Speaker 3: the problem over time, the clumps, because you know how
• 8:23
  Speaker 3: they come in big clumps at the bottom. The clumps
• 8:25
  Speaker 3: becncome enormous, right, swallowing up garden beds, edging in pathways,
• 8:31
  Speaker 3: and so there it is. Having look at the one
• 8:32
  Speaker 3: that they're photographed. There, yes, is handed across the panel.
• 8:36
  Speaker 3: It's quite a long way, isn't it.
• 8:37
  Speaker 2: Okay, here we go, Okay, yep, yep, yep. I see
• 8:39
  Speaker 2: what they're saying here.
• 8:40
  Speaker 3: Number four for me should be number one, okay, because
• 8:44
  Speaker 3: next door had this, and then it went round to
• 8:48
  Speaker 3: the other neighbor's place and it started coming through.
• 8:50
  Speaker 5: Okay. So it is English ivy, English ivy, well, just
• 8:55
  Speaker 5: ivy right.
• 8:55
  Speaker 3: Okay, okay, So it says, with glossy evergreen foliage and
• 8:58
  Speaker 3: ability to quickly cover walls and fences, English ivy is
• 9:01
  Speaker 3: often planted as an easy care climber or ground cover,
• 9:06
  Speaker 3: and this is what we experience from next door. Its
• 9:09
  Speaker 3: vigorous growth can quickly cause it to creep in the
• 9:12
  Speaker 3: garden beds, scramble through shrubs and trees, and smother neighboring plants.
• 9:16
  Speaker 3: This stuff was so bad it went called its way
• 9:19
  Speaker 3: up trees.
• 9:20
  Speaker 2: Oh my goodness, it's got a little I feel like
• 9:22
  Speaker 2: it could have been on one of those little horror
• 9:23
  Speaker 2: shows like it's got a fight of its own. But
• 9:27
  Speaker 2: the houses that do it well and right, it looks
• 9:31
  Speaker 2: so nice when they've got a brick wall, it's really
• 9:34
  Speaker 2: covered in it's logical.
• 9:36
  Speaker 3: And then if you try and pull it off like
• 9:38
  Speaker 3: it's not on impossible to get rid of it. You've
• 9:40
  Speaker 3: got to you've got to hit it with those pressure hoses.
• 9:42
  Speaker 3: And even then you can't because the roots go right
• 9:45
  Speaker 3: into the brickwork.
• 9:46
  Speaker 2: Oh my gosh, Okay, I see what you mean. I
• 9:48
  Speaker 2: see now why this has made the list.
• 9:49
  Speaker 5: This is for me.
• 9:50
  Speaker 3: This is like, oh my god, really, because this is
• 9:52
  Speaker 3: a beautiful looking plant. I'm not going to do a
• 9:55
  Speaker 3: very good job of describing it. I'll just give what
• 9:57
  Speaker 3: give you what it is, the bird, the iron bird
• 10:00
  Speaker 3: of Paradise. Okay, so it says, easy to see the
• 10:04
  Speaker 3: appeal of a giant bird of paradise and dramatic foliage
• 10:06
  Speaker 3: creates an instant tropical feel, and young plants think comfortably
• 10:10
  Speaker 3: into most gardens.
• 10:11
  Speaker 5: The challenge comes later.
• 10:12
  Speaker 3: Mature specimens can reach several meters high dense clumps.
• 10:17
  Speaker 5: So here it is, right, that's the picture. You'll know
• 10:20
  Speaker 5: it as soon as we yes.
• 10:21
  Speaker 2: I do know s Okay, And so there seems to
• 10:25
  Speaker 2: be a bit of a recurring theme here where all
• 10:27
  Speaker 2: these ones look beautiful and they take over and then
• 10:30
  Speaker 2: they just go mad.
• 10:31
  Speaker 5: It's like a zombie eclipse.
• 10:32
  Speaker 4: Yes, they just go mad. All right, what else?
• 10:35
  Speaker 5: Number two?
• 10:35
  Speaker 3: And we're going to a lawn here, kaiku you how
• 10:39
  Speaker 3: do you spell that?
• 10:40
  Speaker 7: So?
• 10:40
  Speaker 5: K I k you y you? So I know about
• 10:44
  Speaker 5: this grass.
• 10:44
  Speaker 3: I'm often recommended as a tough, drought tolerant lawn that
• 10:48
  Speaker 3: can handle heavy traffic. However, the problem is this, this
• 10:52
  Speaker 3: stuff just goes everywhere. Runners regularly invade garden beds past
• 10:55
  Speaker 3: neighboring areas, creating a constant edging and maintenance task.
• 10:59
  Speaker 5: This just goes everywhere, this stuff.
• 11:01
  Speaker 3: And so I mean, if you're thinking about a lawn
• 11:04
  Speaker 3: and camera, you have to just go straight down to
• 11:06
  Speaker 3: canturf and if you can get Santa and a cooch.
• 11:10
  Speaker 5: Okay, so this is a fine leaf couch.
• 11:12
  Speaker 4: Someone tells me that you love a lawn.
• 11:14
  Speaker 3: Yes, it's not stork, it's not stalky like other coutures.
• 11:17
  Speaker 3: And if you grow it properly, it is like walking
• 11:20
  Speaker 3: on on carpet.
• 11:22
  Speaker 4: Yes, okay, right, well, so there you go.
• 11:23
  Speaker 5: That's the kaiku.
• 11:24
  Speaker 2: I wonder we've got wine in our backyard that gym
• 11:27
  Speaker 2: is always working on getting rid of.
• 11:30
  Speaker 4: And I wonder if it's this one.
• 11:31
  Speaker 3: Okay, well, it could be that. It could be Sir
• 11:33
  Speaker 3: Walter Buffalo as well. It could be actually, okay, do
• 11:37
  Speaker 3: you want to know the number one? Okay, so here
• 11:39
  Speaker 3: we go.
• 11:39
  Speaker 4: Do you agree with this one?
• 11:41
  Speaker 3: I said that it's the ivy okay, right, but I
• 11:43
  Speaker 3: didn't even know this was a thing though, Oh, okay,
• 11:46
  Speaker 3: here we go.
• 11:47
  Speaker 5: It is passion fruit vines.
• 11:50
  Speaker 3: Oh okay, okay, so, fast growing and highly productive, passion
• 11:54
  Speaker 3: fruit vines are often seen as an easy way to
• 11:56
  Speaker 3: grow fruit at home. However, many of the popular variety
• 12:00
  Speaker 3: are grafted onto vigorous rootstocks that can juice suckers below
• 12:05
  Speaker 3: the graft.
• 12:05
  Speaker 5: So oh, I don't even know what any of that means.
• 12:08
  Speaker 4: Neither do I.
• 12:09
  Speaker 2: But I do know that my parents, yes, they's cost
• 12:12
  Speaker 2: on the back fence. They had a passion fruit vine
• 12:15
  Speaker 2: covering the full thing and it looked great and source
• 12:18
  Speaker 2: lots of passion rout thanks Mum and Dad. Yes, but
• 12:22
  Speaker 2: I think it did require quite a bit of ongoing management.
• 12:26
  Speaker 5: Yes, so that's kind of cool from the domain website.
• 12:28
  Speaker 4: Right, Yeah, that's interesting, love that well.
• 12:31
  Speaker 2: Can We've got friends of ours who have a little
• 12:33
  Speaker 2: investment property and they're planning to sell it.
• 12:36
  Speaker 4: It has tenants in place, and that's all been going
• 12:38
  Speaker 4: along well. But that's just the decision that they've made.
• 12:40
  Speaker 5: I suppose with everything that's going on right exactly.
• 12:42
  Speaker 2: And some of the things they're wondering is should they
• 12:45
  Speaker 2: sell it with the tenants in place or make sure
• 12:49
  Speaker 2: it's a vacant space for when they market it and
• 12:51
  Speaker 2: sell it. But then you also need ideally someone still
• 12:54
  Speaker 2: in there to have the rent to help cover the
• 12:56
  Speaker 2: mortgage mortgage because that doesn't go away. So there's all
• 12:58
  Speaker 2: these different factors that they're considering. So I thought let's
• 13:01
  Speaker 2: try and nut some of that out. And Hannah gill
• 13:04
  Speaker 2: is director at Podium Property Management and a REACT board member,
• 13:07
  Speaker 2: joins us.
• 13:08
  Speaker 4: Now, Hannah, good morning, Good morning guys.
• 13:10
  Speaker 7: Thanks for having me back on the show.
• 13:12
  Speaker 4: Yes, so you love having you on.
• 13:13
  Speaker 2: Now, Look, Canna, we know that properly owners do have
• 13:16
  Speaker 2: the right to sell at any time. What are some
• 13:18
  Speaker 2: of the things that you need to know when considering
• 13:22
  Speaker 2: your tenants if this is a position that you're in.
• 13:25
  Speaker 5: Yeah.
• 13:25
  Speaker 7: Absolutely, I think showing during a six term tenancy can
• 13:29
  Speaker 7: actually give your tenants additional rights. So, for example, if
• 13:32
  Speaker 7: the property is also for sale within the first six
• 13:34
  Speaker 7: months of that tenancy agreement and that sale wasn't disposed
• 13:37
  Speaker 7: to the tenants before they entered into the agreement, or
• 13:40
  Speaker 7: if the tenant subjected to like ongoing open homes over
• 13:43
  Speaker 7: an extended period, the tenant can actually terminate their tendency
• 13:46
  Speaker 7: just brea getting fourteen days notice and then not in
• 13:48
  Speaker 7: breach of that six term agreement.
• 13:50
  Speaker 5: Okay.
• 13:50
  Speaker 3: And so then you mentioned open homes there, because I
• 13:53
  Speaker 3: would imagine that would be a bit tricky, you know,
• 13:56
  Speaker 3: moving everyone around and making sure that everyone is okay
• 13:59
  Speaker 3: because you want to also tenants in mind, is right,
• 14:01
  Speaker 3: Like that's really important.
• 14:02
  Speaker 5: So how's it best to organize open homes and inspections?
• 14:06
  Speaker 7: Yeah, I think there's legislation refers to reason BA access,
• 14:09
  Speaker 7: but I'd always recommend it comes down just to refect
• 14:11
  Speaker 7: respectful communication of flexibility, Like we want to build a
• 14:13
  Speaker 7: good relationships with out tenants and that's going to give
• 14:16
  Speaker 7: us the best chance to get reason black sets. So
• 14:18
  Speaker 7: been really respectful in the way that we.
• 14:20
  Speaker 2: Approach that I can imagine, and you would have seen
• 14:23
  Speaker 2: this more than anyone, that there'd be many situations where
• 14:25
  Speaker 2: that potentially falls apart because you know, tenants feel like
• 14:29
  Speaker 2: they're being put out and I get that, So they
• 14:32
  Speaker 2: don't have the same incentive as the seller to have
• 14:34
  Speaker 2: the property in tip top shape. So I imagine that
• 14:37
  Speaker 2: that can go pair shape sometimes.
• 14:38
  Speaker 7: Hannah, Yeah, absolutely, And that is probably the biggest mistake
• 14:42
  Speaker 7: we see people making is the owners and also potential
• 14:44
  Speaker 7: buyers expectations about the presentation of the property. We have
• 14:47
  Speaker 7: to remember when a property tenanted, it's not a styled house.
• 14:51
  Speaker 7: It's lived in and loved home, and we just have
• 14:53
  Speaker 7: to have that expectation management and also be respectful of
• 14:56
  Speaker 7: that at someone's home.
• 14:58
  Speaker 2: And what if someone who has a investment property is
• 15:01
  Speaker 2: selling and there's tenants in there, and if someone comes
• 15:04
  Speaker 2: along wants to buy it and they're an investor, can
• 15:07
  Speaker 2: that tenancy carry over to the new person and what
• 15:10
  Speaker 2: does that look like?
• 15:11
  Speaker 7: Yeah, a great question. If there is a fixed term
• 15:13
  Speaker 7: tenancy in place, the buyer inherits that tendency agreement with
• 15:17
  Speaker 7: the purchase of the property. We're not seeing as many
• 15:19
  Speaker 7: investors in the market at the moment with all the
• 15:21
  Speaker 7: changes to the budget, but certainly any investors that's a
• 15:24
  Speaker 7: great purchase option for them because it means they're not
• 15:26
  Speaker 7: having any vacancy, they've already got tenants in place.
• 15:29
  Speaker 6: Yeah.
• 15:29
  Speaker 4: Absolutely.
• 15:30
  Speaker 2: And just lastly, Hannah, what's what's the number one piece
• 15:32
  Speaker 2: of advice you'd say to people who are looking to
• 15:34
  Speaker 2: sell an investment property that is occupied.
• 15:37
  Speaker 7: Honestly, I'd encourage them to wait where possible, right on
• 15:40
  Speaker 7: to the end of the fixed term, work closely with
• 15:41
  Speaker 7: your property manager and or your tenants and get the
• 15:44
  Speaker 7: best outcome for everyone involved.
• 15:46
  Speaker 4: Yep.
• 15:46
  Speaker 2: Absolutely, And like you say, you know, establishing and maintaining
• 15:49
  Speaker 2: those positive relationships is really important.
• 15:52
  Speaker 4: Thank you so much for your time Hannah this morning.
• 15:54
  Speaker 4: We really appreciate it.
• 15:55
  Speaker 2: Thanks guys, Okay, have a good day, Hannah Gill, who's
• 15:58
  Speaker 2: director Property a podium proper Management, excuse me and react
• 16:01
  Speaker 2: board members.
• 16:02
  Speaker 3: Well, those are the interviews we most enjoyed in last
• 16:05
  Speaker 3: week's Mix one O six point three Real Estate Show.
• 16:07
  Speaker 3: If you love hearing about the latest trends, or you're
• 16:10
  Speaker 3: just up for a sticky beak, be sure to drop
• 16:12
  Speaker 3: by for a listen this Saturday between nine
• 16:15
  Speaker 1: And ten, Cam and Rene's Real Estate Show on Mix
• 16:18
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