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November 2022

You are browsing the site archives for November 2022.

In: General Interest, Insurance

Contributed By: Aon Insurance on

A detailed look at Business Interruption and what it covers When you run a small business, there are a lot of things which can interrupt the day to day running – whether it be severe weather damage; a break and enter or even losing a piece of portable equipment. Going through events like these can be costly, and while you might have insurance to cover the cost of repairs or replacement; if your business is unable to operate and bring in revenue for a period because of an insured event, the lost income would likely further add to your financial challenges. Business interruption cover can beRead More →

In: Facilities Management, Landlords, Tenants, Renting and Management

Contributed By: REIQ on

If you manage a property with a swimming pool or spa in Queensland, you have a responsibility to make sure that the pool fence is compliant with the pool safety standard.  Compliant pool barriers help save lives by restricting young children from accessing swimming pools and spas. Property Managers have a vital role to play in protecting young children who reside in or visit the properties they manage. When inspecting a property with a pool or spa, it can be helpful if you know what to look out for. Make sure: – all climbable objects are at least 900mm away from the barrier on the outside – minimumRead More →

In: Insurance, Real Estate

Contributed By: Aon Insurance on

Common claims in real estate, and how to remain diligent The real estate industry has never been known as uneventful. Whether it’s changing interest rates, legislation and rental reform, or even technological developments, it’s an industry that is used to seeing change. The one constant that remains present though, regardless of the developments in the industry, is the risk of having an allegation of professional negligence against you. Whether it’s property mismanagement, misrepresentation or underquoting, the nature of the work you do can sometimes be subject to some serious complexities. While you might think nothing will happen to you because you are careful, the truthRead More →

In: General Interest, Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: Geoff Ellis - North Queensland Management Rights on

I am pleased to announce the formation of North Queensland Management Rights specifically specialising in the sale and purchase of management rights in North Queensland. The mission is to offer services that are entirely focussed on our region – where the interests of our industry in this region are foremost and tailored to meet the needs of those within and seeking to join the rights industry in North Queensland. The reason for change? As with many things today technology removes any compelling reason why being attached to a larger SEQ based broking business offers any real advantage. And certainly, the cost of doing business isRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) says it’s a relief that the Queensland land tax regime was officially repealed with an amendment moved in Parliament yesterday. REIQ CEO Antonia Mercorella congratulated the state government for making the move to stop the controversial reform before it came into effect saying it was the right decision for Queensland renters, investors, and businesses. “From the outset, the REIQ led with strong opposition to this confidence-shattering regime,” Ms Mercorella said. “We feared the repercussions for our economy and the potential damage it would cause to residential and commercial rental relationships for a relatively insignificant gain. “Our concerns wereRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

It comes as no surprise that Queensland’s tight residential vacancy rates have not shown any substantial signs of easing over the September quarter 2022, according to the Real Estate Institute of Queensland’s (REIQ) latest report released today. At the Queensland Housing Summit held last month, which highlighted the serious housing supply shortage plaguing the state, stakeholders conceded that there was no silver bullet that would solve the housing crisis overnight. Vacancy rates are an indication of the percentage of properties that come onto the market to rent, and according to the REIQ, a healthy vacancy rate sits between 2.6 – 3.5 percent. In many partsRead More →

In: General Interest, Landlords, Tenants, Renting and Management

Contributed By: Claire Ryan - REIQ on

A national real estate cyber resilience toolkit is the latest initiative from the Real Estate Institute of Queensland (REIQ) to strengthen the sector against cyber-attacks. The toolkit, which is currently in development, acts as a guide to clearly explain Australian privacy laws and data security requirements in the context of everyday real estate transactions. The toolkit will provide practical advice for how real estate agents can securely collect and store personal information and how to better safeguard against cyber-attacks and avoid unauthorised personal information disclosures. In addition, the toolkit will provide series of guidelines for internal use and a checklist for real estate agencies toRead More →

In: General Interest

Contributed By: Aisha Thomas - Archer Gowland Redshaw on

In the wake of the recent Optus Hacking impacting millions of Australians, data security and protecting yourself and your business against cyber fraud has never been more top of mind. For business owners, it is vitally important that personal and business information remains secure in the event of any cyber incident – especially when dealing with customers’ confidential information. In our latest Insights article, we highlight important steps business owners can take to protect themselves against cyber fraud and limit access to sensitive information when dealing online. Important Action Items for Business Owners At leadership level, there are several action items that business owners can undertake toRead More →

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