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October 2018

You are browsing the site archives for October 2018.

In: Events, General Interest

Contributed By: Nick Buick on

2018 was the maiden year of our Industry Recommended Professional program – an initiative where we ask our ~420 onsite managers around the country to nominate the best-of-industry suppliers across a range of categories. The purpose of this program is to identify industry suppliers operating at the highest levels of integrity and merit. Any supplier displaying an Industry Recommended Professional decal can be regarded as coming highly recommended by onsite managers, themselves. Last Friday, the 19th of October we held our inaugural Industry Recommended Professional Awards Night where we tallied up ALL the nominations, identified the industry suppliers with the MOST nominations in each category,Read More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Bob Was Right The Stones said time is on our side.  Prince said it was a sign of the times. The Foo Fighters said times like these. Bob said it best Come gather ’round people Wherever you roam And admit that the waters Around you have grown And accept it that soon You’ll be drenched to the bone. If your time to you Is worth savin’ Then you better start swimmin’ Or you’ll sink like a stone For the times they are a-changin’. Bob Dylan , The Times They Are A Changin’, 1964 Life moves pretty fast and, as Ferris Bueller wisely noted, if youRead More →

In: Legal

Contributed By: Michael Kleinschmidt of Stratum Legal on

In the Norwinn Commercial CTS 38094 the developer had been paying all the costs of maintaining an elevator located on common property. The elevator serviced foyers on only two levels of one building in the Scheme. Each foyer led to common property and Lot 8. None of Lots 1 – 7 could access their upper-level using the elevator, however all Lots had internal stairs. The developer went into receivership and all lots were sold. The new owner of Lot 8 determined, correctly, that the elevator should be maintained by the Body Corporate as utility infrastructure. The reason being that it supplied utility services not onlyRead More →

In: Accounting and Finance

Contributed By: FNX Finance Group on

Today we present the fifth in our series of analysis on the selling market for Management and Letting Rights (MLR).  We have been collating this data quarterly since June 2017 and the following is a broad summary;      – Stock levels continue their growth which commenced in January 2018.  There is now $1b of MLRs on the market.      – This has largely been in the Permanent and to a lesser extent the Corporate space.      – The average listing period of all buildings has been 71 days in the last quarter.  With an additional 90-100 days to complete settlement.      – There is about 0.2x lower multiplier for Standard AgreementsRead More →

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