{"id":9219,"date":"2016-08-29T17:02:47","date_gmt":"2016-08-29T07:02:47","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=9219"},"modified":"2016-08-29T17:02:47","modified_gmt":"2016-08-29T07:02:47","slug":"property-sellers-need-to-be-held-to-account","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/property-sellers-need-to-be-held-to-account\/","title":{"rendered":"Property sellers need to be held to account"},"content":{"rendered":"<p>[flex_video widescreen=&#8221;true&#8221; vimeo=&#8221;true&#8221;]  [\/flex_video]<br \/>\nThe \u201cbuyer beware\u201d doctrine in Queensland is painfully inadequate according to Trish Mackie-Smith from building consultancy BuildingPro. She says it is absurd that you can return a pair of faulty jeans bought for less than $100 to the seller, but you have zero consumer protection rights if you buy a defective house that can cost a fortune.<br \/>\nShe asks &#8211; &#8220;Why are property sellers not held to account for the condition of the goods they are offering? And how come building inspectors can get off scot-free?&#8221; \u00a0 When a car changes hands, the seller is required to provide a safety certificate \u2013 this covers fundamentals such as tyres, brakes, steering, suspension, body rust or damage \u2013 and if the vehicle turns out to be a lemon, then the new owner can be legally entitled to a refund.\u00a0\u00a0 The same principle should apply to property.<br \/>\nThe Victorian Government is in the process of re-drafting that state\u2019s apartment standards but there is some criticism that they are not going far enough.\u00a0 There are improvements for increased mobility access for wheelchairs and the likes, requirements for trees and vegetation on apartment sites above 750 square\u00a0metres, larger balconies and more common space allowing greater social interaction.\u00a0 The criticism surrounds design and a lack of thought about affordability.<br \/>\nAccording to Core Logic, there are 613 suburbs across the country that have a median value of at least $1 million and that is up 29% on this time last year and 125% over the past 3 years.\u00a0 Of the 613 suburbs, 570 were listed for houses and 43 for units.\u00a0\u00a0 Tasmania is the only state that hasn\u2019t reached that milestone yet.\u00a0\u00a0 I guess not surprisingly both New South Wales and Victoria saw a growth in numbers while Queensland and Western Australia recorded a decline over the last 8 years.<br \/>\nIn other news \u2013 In a release of data from the RBA, we can see that investor housing credit growth is continuing to slow and is now well below the 10% pa limit which provides scope to increase lending to investors but, low investment returns and deteriorating affordability are likely to dampen enthusiasm somewhat.\u00a0\u00a0\u00a0 Also apartment projects are at risk of not commencing construction as developers are unable to satisfy the financier\u2019s requirements for pre-commitment, in response to changes to foreign investment regulations and taxation.<br \/>\n<span style=\"border-radius: 2px;text-indent: 20px;width: auto;padding: 0px 4px 0px 0px;text-align: center;font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif;color: #ffffff;cursor: pointer\">Save<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[flex_video widescreen=&#8221;true&#8221; vimeo=&#8221;true&#8221;] [\/flex_video] The \u201cbuyer beware\u201d doctrine in Queensland is painfully inadequate according to Trish Mackie-Smith from building consultancy BuildingPro. She says it is absurd that you can return a pair of faulty jeans bought for less than $100 to the seller, but you&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":8702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,25],"tags":[131],"class_list":["post-9219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-sponsored-channels","tag-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property sellers need to be held to account - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/property-sellers-need-to-be-held-to-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property sellers need to be held to account - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"[flex_video widescreen=&#8221;true&#8221; vimeo=&#8221;true&#8221;] [\/flex_video] The \u201cbuyer beware\u201d doctrine in Queensland is painfully inadequate according to Trish Mackie-Smith from building consultancy BuildingPro. She says it is absurd that you can return a pair of faulty jeans bought for less than $100 to the seller, but you...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/property-sellers-need-to-be-held-to-account\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-29T07:02:47+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Property sellers need to be held to account\",\"datePublished\":\"2016-08-29T07:02:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"videos\"],\"articleSection\":[\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/\",\"name\":\"Property sellers need to be held to account - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-08-29T07:02:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-sellers-need-to-be-held-to-account\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Property sellers need to be held to account\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. 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