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December 2022

You are browsing the site archives for December 2022.

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Queensland region with the tightest residential vacancy rate in the state is primed for a turnaround, after its Council cut fees to incentivise multi-dwelling construction. Goondiwindi Regional Council (GRC) is introducing a year-long rebate for all Council fees and charges associated with constructing new multi-dwelling buildings such as units, townhouses, duplexes and granny flats. Real Estate Institute of Queensland (REIQ) COO Dean Milton said the move, welcomed by the real estate peak body today, was an exemplary way Council’s could help incentivise much-needed new housing supply. “With the Goondiwindi region hovering barely above the ‘no vacancy’ line at just 0.1 per cent for theRead More →

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

Contributed By: RTA on

The Residential Tenancies Authority (RTA) is encouraging Queenslanders to check their pool measures up with safety laws this summer.  As we spend more time in and around the pool this summer, it’s important for tenants and property managers/owners to understand their responsibilities when it comes to pool safety.   Safety standards  Under the Residential Tenancies and Rooming Accommodation Act 2008 (The Act), property owners are required to adhere to laws regarding the health and safety of people using or entering a property. This means being aware of and abiding by pool safety laws and standards under the Building Act 1975 if there is a pool on the property and theRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

“Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is 666.” Revelation 13:18 From the best-selling book of all time. “Woe to you, oh earth and sea, for the devil sends the beast with wrathBecause he knows the time is shortLet him who hath understanding reckon the number of the beastFor it is a human number, its number is six hundred and sixty-six” The Number of the Beast -, Iron Maiden 1982. From the best-selling album of the same name. The opportunity to quote Iron Maiden and the BookRead More →

In: General Interest, Real Estate, REIQ

Contributed By: Claire Ryan - REIQ on

Enduring low days on market and higher listings than pre-COVID, are indicative of a property market holding firm, according to the latest quarterly data (September 2022 Qtr) analysed by the Real Estate Institute of Queensland (REIQ). With extraordinary double-digit annual median sale growth in most regions across Queensland, REIQ CEO Antonia Mercorella said there are plenty of reasons to remain confident in the strength and resilience of property in the sunshine state. “The average number of days on market in Queensland is now sitting at 19 days, compared to 51 days pre-COVID,” Ms Mercorella said. “While it got as low as 16 days earlier thisRead More →

In: General Interest, Insurance

Contributed By: Aon Insurance on

Here is what you need to know about Cyber Insurance and what it covers You probably don’t need another reminder about the increasing incidences of cyber crime – more than enough headlines and stories of organisations (and even entire countries) suffering major cyber attacks emerge almost every month. So it should come as no surprise that small businesses are now also now a lucrative target for cyber criminals. The reasons for this? There are many, but one of the biggest reasons is that unsuspecting small businesses often do not have sophisticated cyber security software, making them a relatively ‘easy target’. Cyber insurance is therefore an importantRead More →

In: ARAMA, General Interest, Real Estate

Contributed By: ARAMA on

QUEENSLAND is besieged by a housing crisis and in desperate need of 55,000 new rental properties. The perfect formula to help alleviate this desperate situation is the business of Management and Letting Rights. I attended the Queensland Housing Summit on October 20, where one of the key messages was that it is high time to further encourage property developers, property investors and the property management industry. Developers and investors provide the necessary homes for people to live in, while it has been shown time and time again that Resident Managers make Community Title Schemes run more efficiently and provide housing that is far more affordableRead More →

In: Insurance

Contributed By: Aon Insurance on

You’ve probably heard the term Business Insurance, but you might not know that it can have two meanings. Firstly, business insurance can refer to any insurance which is designed to cover businesses. More commonly though, Business Insurance can refer to a packaged insurance policy which is designed to cover your business and its assets & equipment against events like fire, storms, and theft. This policy is also known as a Business Insurance pack. If you are looking to take out a Business Insurance pack, here are 5 important points to understand to help ensure you’re not left with any gaps in cover.   A packagedRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) has welcomed the immediate support to sustain tenancies, but says there’s still a lot of work to be done to address housing supply, in response to the Housing Summit Outcomes Report released today. REIQ CEO Antonia Mercorella said the immediate financial housing support, to be released prior to Christmas, would come as a welcome relief to the Queensland community. “The $48.5 million towards housing support, including tenancy sustainment, loans and grants, will benefit the most vulnerable in our community by helping to keep a roof over their head and reducing cost-of-living pressures over Christmas,” Ms Mercorella said. “GivenRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

I’m the first to admit I don’t “get” crypto currency or the trading that seems to underpin the price. What I do get is that a company called Berkshire Hathaway and a bloke on it’s board called Warren Buffet have been making mostly sound investment calls for a while now. Mr Buffet has variously called bitcoin “rat poison squared” and stated that he wouldn’t buy all the bitcoin in the world for $25. So far as I can tell crypto / bitcoin / whatever is underpinned by a singular value proposition. It’s a proposition as old as time itself……..speculate and hope there’s a bigger mugRead More →

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