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Australian Accommodation AUM Worth $120BN
Contributed By: Liz Jordan - Resort Brokers on
There is $120 billion of accommodation assets under management, according to a management rights industry-first report, which values the management rights industry at $4.8 billion. ResortBrokers Management Rights Report 2022 shows there are 3,679 schemes nationally and 250,652 lots under the management rights model, with an average of 68 lots per scheme. Management rights is a business model that provides for the long-term operation of strata-titled complexes, where residential lots are owned by multiple owners with both similar and sometimes contrasting interests, such as investors and owner occupiers. It largely consists of two principal components, a caretaking agreement and a letting agreement. A caretaking agreementRead More →