Episode 15: Operation Claw, the Thirty Per Cent and a Trip to Bali | 21 August 2026

This week on Before the Weekend, Kasey McDonald and Peter Schravemade work through the week the buyer's agent industry stopped being a story about one bad operator. First, AUSTRAC. Operation Claw pooled data from ten major Australian banks and found potentially hundreds of millions of dollars in suspected fraudulent home loans - inflated incomes, misrepresented employment, offshore and third-party funds at settlement, most of it linked to Sydney property. Peter has been one of the loudest critics of how many AML checkpoints Tranche 2 forces on a single transaction, and says this is the answer to the question he put to AUSTRAC's CEO on stage last year. He's still not happy about how it was implemented. Then the number every property manager will be asked about for the next twelve months. Ray White modelling puts the break-even gross yield for a leveraged investor at 5.15 per cent. Capital city yields are sitting at 3.95. Something has to close that gap, and rents can't. Peter puts his own money where his mouth is and explains why he just locked his tenants onto two-year leases - and why he thinks making that compulsory, as the ACTU proposed on Tuesday, would be the fastest way to make the problem worse. Josh Deckart of Zapiio joins to give the state of the buyer's agent market from the inside: the SMSF wave that ran to the deadline and then stopped dead, why he could name fifty small operators who have already left, and the argument nobody else is making - that the budget put jet fuel on the commercial market, where leases are CPI-linked and every increase gets passed to a small business tenant. Two hours after that interview was recorded, Atlas Property Group announced it was entering voluntary liquidation. Then the interview that changes the mood. Peter Diamantidis of Ray White United Group has spent three years building a recognition program that rewards property managers exactly like sales stars - overseas trips, partners included, gated on hard metrics his teams don't get to negotiate. He set a target of 500 new organic managements. They brought in eleven hundred. Three property managers have left in three years. His answer to principals who think it's too expensive: "Just pay two recruiter fees, there's your trip." Also this week: Real acquires REMAX, McGrath partners with 172-year-old Hodges, the REIV takes on the Victorian government over auction reserve disclosure, and the last regional markets standing. Before the Weekend is a weekly podcast for Australian property professionals, hosted by Kasey McDonald and Peter Schravemade. New episodes every Friday.