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June 2023

You are browsing the site archives for June 2023.

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

I find newborn infants interesting. They seem to appear with little personality and a case of sheer exhaustion, presumably due to the rigors of their recent journey. They spend most of their time sleeping or crying and apparently pining for a return to the warm safe place from whence they recently emerged. As such I’ve previously been one of those people who finds the little ones far more appealing once they become mobile and start to develop a personality. In the case of our 3 year old granddaughter that would be very mobile and some personality indeed! We love her dearly but after a dayRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) says extraordinary data released by PEXA showing one in four property sales in the eastern states last year were mortgage free, indicates interest rate rises are impacting younger Australians the most. REIQ CEO Antonia Mercorella said the data revealed that during 2021 and 2022 more than $240bn in property sales across the east coast were purchased on a cash basis. “With about a quarter of residential sales in eastern Australia being cash sales, we’re heading towards similar numbers to the U.S. where one in three mortgages are settled with cash,” Ms Mercorella said. “These cash property sales wereRead More →

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

Contributed By: BC Systems on

Parking in a body corporate Parking issues can cause a lot of conflict within a body corporate. From parking in visitor spots to parking in someone else’s assigned spot, parking-related disputes are common.   As a resident within a body corporate, it’s important to know your rights and responsibilities regarding parking. In this article, we’ll discuss the common issues that arise when it comes to parking in body corporate schemes and how you can resolve them. The regulation of parking on common property or in visitor spots falls under the jurisdiction of a body corporate. Owners and occupiers are allowed to park on common property asRead More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The RBA has today taken another swipe at inflation, hiking interest rates by 25 basis points to 4.10 per cent, further denting investor confidence and dashing home ownership dreams according to the REIQ. Real Estate Institute of Queensland (REIQ) COO Dean Milton said regulatory and tax uncertainty was having a detrimental impact on investor activity. “Building approvals in Queensland for the year-to-date in April were 2,607 below last year, showing the damaging impact interest rate rises are having on confidence,” he said. “Further, lending indicators show a 23 per cent decline in loans to owner occupiers this financial year, and a decline of 27 perRead More →

In: Accounting and Finance, General Interest

Contributed By: Holmans Accounting on

Holmans is a well-recognised and respected name in the Management Rights industry. We provide comprehensive advice and personalised service to give you peace of mind – whether you are purchasing, managing, or selling your Management Rights Business. We take pride in presenting the most experienced and knowledgeable team in the business to service your needs. We, together with other specialist Management Rights advisors and agents, regularly host information workshops to provide you with a range of strategies to assist you to legally minimise your tax liabilities, increase your wealth, and protect your assets. Whether you are considering Management Rights as a business venture for theRead More →

In: Landlords, Tenants, Renting and Management, Real Estate, The Management Rights Market

Contributed By: Nick Buick on

I had a very interesting (and sadly, all too recurrent) conversation with an onsite manager recently, who shall remain unnamed. It went like this: Hey there, your marketing is due to be renewed this week, would you like me to renew it for you so you don’t lose any listings? I’ll be honest with you, I don’t need to advertise my rentals. You… you don’t need to advertise rentals? Aren’t you a rental manager? Yes I am, but No, because there’s that many tenants out there, I just have to stick a sign out the front and I fill it within 4 hours. Gosh that’sRead More →

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