Building Report - What Are They Good For?

In this episode of Sydney Property Muppets, Kurt and Chris tackle the importance (and limitations) of building and pest inspections. Whether you’re buying or selling, these reports can be a useful tool—but they’re often misunderstood.

What’s covered:

What building and pest inspections include (and what they don’t).

Common misconceptions from vendors and buyers—like expecting reports to cover electrical, plumbing, or structural engineering.

Why surprises in the report don’t mean the end of the deal.

How these inspections can help buyers negotiate or plan for future repairs.

When it’s worth calling in specialists like electricians, plumbers, or structural engineers.

If you’re thinking of buying or selling a property, this episode will help you better understand how to use building reports to your advantage.

In this week’s episode of Sydney Property Muppets, Kurt and Chris explore the realities of navigating a slow property market from both the vendor’s and buyer’s perspectives.

Here’s what we cover:

• Kurt shares the highs and lows of working with vendors during a slow market, including managing expectations and keeping calm amidst the back-and-forth negotiations.
• Chris explains why a slow market is a golden opportunity for buyers—if they can strike the right balance between patience and action.
• The looming impact of interest rate drops: why waiting too long could mean missing out before prices climb again.

If you’re wondering how to approach a slow market as a buyer or are curious about what happens behind the scenes with vendors, this episode delivers key insights for both sides of the equation.

This week on Sydney Property Muppets, Kurt and Chris hit the track at Eastern Creek Raceway for some high-speed fun—because what better way to warm up for a market update than a bit of go-karting?

Highlights from the track:

• Kurt takes the victory (again!) with Chris trailing behind.
• Spin-outs, dive bombs, and plenty of friendly banter.

But it’s not all about go-karts. After the fun, Kurt and Chris dive into the current state of the Sydney property market. Here’s what they cover:

• End-of-year buying conditions: Why fewer buyers mean less competition.
• How buyers are now in a strong position to negotiate hard on properties.
• The downside: Overthinking can lead to missed opportunities.
• Tips to strike the right balance and secure your dream property before 2025.

Whether you’re a racing fan or a property enthusiast, this episode has a bit of everything!