IS APPLYING FOR A RENTAL ABOUT TO GET EASIER?

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Episode Transcript

Speaker 1 (00:00):
Well, Ken, this morning, we're going to learn about this
new application process for rental properties. It's meant to make
it simpler and safer when applying for a rental property.
So we're going to find out I guess what that
means for prospective tenants and for landlords and all that.

Speaker 2 (00:15):
And it's certainly in and around sharing information and having
your personal information and where that goes.

Speaker 3 (00:21):
I think that's what it's.

Speaker 2 (00:21):
About, isn't it.

Speaker 1 (00:22):
Yes, it is, and so let's ask and find out more.
Maria Edwards, CEO the Real Estate Institute of the Act, Maria, Hi,
how are you going good?

Speaker 3 (00:30):
Mine? Renee?

Speaker 1 (00:30):
Great? Thank you, that's good. Can you give us a
brief overview of what's being proposed here? Yeah?

Speaker 3 (00:36):
Right, So the federal government they're polding a national digital
system to make rental applications a bit more simpler and
a bit more secure. So instead of uploading when you're
applying for rental applying your personal documents like your driver's license,
your bank state and your passport, your pacelet that's got
your tax file number on it, they'll actually be using
it accredited digital providers, so that information will be still provided,

(00:57):
better be done in a much more secure way and
it'll be verified.

Speaker 2 (01:00):
Okay, so sounds like a good idea. What's another one
positive aspect that you see coming out of the process.

Speaker 3 (01:06):
Definitely data security. I mean it affects both the tenants
as well as agencies that are accepting applications of landlords.
So it reduces the chances of identity theft obviously if
if people are hacking into email systems, which does happen,
and that's also you know, it's not great for agencies
to have to deal with data breaches et cetera as
well because it's you know, it's very distressing for people,

(01:27):
you know, on both sides of it. So yeah, definitely
the data security around around that sensitive information.

Speaker 1 (01:32):
Yeah, and Maria, do you think there's going to be
anything that people will be wary of with it?

Speaker 3 (01:37):
I don't think. I mean people always a little bit
warey about any of their personal information, for sure. I
think probably one of the things that may come out
of this that might not be thought about too much
is there but there are still rents out there, you
know that aren't sort of twenty year old first, you know,
in their twenties that there's old people that aren't quite
as savvyist tech. I actually were speaking to an old
couple this week who were ranching for the first time

(01:58):
in thirty years. I just sold their house us and
we're really, you know, really overwhelmed both the process of
applying pro property and putting all their information online. So
I think being careful those people are a bit more
vulnerable potentially and not quite so. Text have you is
something that we you know, as agencies only to sort
of take that into account.

Speaker 2 (02:13):
It's very interesting and timely. I've just been in Melbourne
hosting a conference for the Records and the Information Management Professionals,
so the global group that looks after protection of data
and everything like that, so they'd be loving this sort
of thing.

Speaker 3 (02:26):
Yeah, absolutely, And I think, I mean, everybody wants to
living in a world that's safe and secure, and you
know that you can't be you know, somebody else is
pretending to be you and taking your money or whatever.
So I mean, I think everybody is feeling vulnerable at
the moment. Then you hear a different story of the
other day.

Speaker 1 (02:40):
So yeah, you sure do. And Maria, what's the expected timeline?

Speaker 3 (02:44):
So the pilots are just happening at the moment. The
government has selected certain agencies and certain software providers to
work with, so for it to actually roll out, it
probably won't be until sort of mid next year, where
it was sort of more broadly available. But they really
want to get the process right obviously. You know, our
security is a very secure, serious issue, so you want
to make sure that you've got everything sorted before you

(03:06):
actually roll it out to a much bigger audience.

Speaker 1 (03:08):
Yeah. Well, good to know that they're taking all those
steps to make sure it is right. Maria, thanks so
much for explaining all of that to us this morning.

Speaker 3 (03:16):
Thanks for having me.

Speaker 1 (03:17):
Thanks you two. Maria Edwards, CEO at the Real Estate
Institute of the Act.