September 2023

You are browsing the site archives for September 2023.

Contributed By: BC Systems on

Who is responsible for maintenance in a body corporate scheme Living in a body corporate scheme comes with a host of benefits, including access to various amenities and facilities as well as sharing the burden of cost in relation to repairs and maintenance of the buildings and common property. In some cases, the body corporate is responsible for maintaining the asset or common property but in other cases, the responsibility can fall back onto the lot owner. In this article we cover who is responsible for maintenance in a body corporate scheme, shedding light on the roles of individual owners and the body corporate in maintainingRead More →

ResortBrokers has set a new record for a management rights business on the Sunshine Coast with the sale of luxury resort Oceans Mooloolaba Beach for $11.2M. The sale smashes the previous Sunshine Coast management rights record of $8.06M set in February 2022 for the 21-apartment On the Beach in Noosa’s Hastings Street. ResortBrokers’ Sunshine Coast team, Glenn Millar and Chenoa Daniel, settled the sale earlier this week. The off-market deal sees the management rights change hands from vendors Vince and Sue Galle to Prestige Residential, led by Ben Orton, which also operates the management rights to On the Beach and Tingirana in Noosa Heads asRead More →

Contributed By: Mike Phipps Finance on

As I sit here in an airport lounge contemplating the meaning of life my thoughts turn to our national carrier, the flying kangaroo, the displayer of the Yes, the virtue signalling disgrace now facing multiple client lawsuits, to say nothing of the action commenced by the ACCC. All this before we even start to contemplate the cosy arrangements between government and Qantas to freeze a competitor out of the game and assist in customers being ripped off, cheated and treated appallingly. The latest accusations of Qantas selling tickets on cancelled flights sounds a lot like the “advice for no service” accusations aired during the bankingRead More →

Contributed By: REIQ on

Queensland property keeps proving itself to be a shining performer, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ) today. The June 2023 quarter (April – June 2023) revealed that many of the Sunshine State’s property markets remain in an enviable position, with statewide median house prices rising by 4.62 percent over the quarter, and median unit prices lifting 3 per cent. Taking a broader view and comparing Queensland’s annual figures, the state saw substantial year on year growth of 5.26 per cent for houses, and 6.91 per cent for units. Some regional property markets are running particularly hotRead More →

Contributed By: ARAMA on

A TOP night of worthy winners THE MANAGEMENT AND LETTING RIGHTS INDUSTRY is built on a foundation of hospitable and well organised resident managers whose hard work creates a $55 billion yearly economic benefit for Australia. So many people right across our business deserve accolades and on July 25 at Brisbane’s fabulous Royal International Convention Centre the most outstanding achievers in the MLR field were honoured at our annual TOP awards. It was a magnificent evening as our industry celebrated great success borne from determination and diligence. The night honoured the best of the best in our business, and the work displayed by all of our winnersRead More →