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General Interest (Page 5)

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

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is calling on the Queensland Government to rescind foreign investor surcharges, in light of the state’s housing crisis. The REIQ has long-opposed both the seven per cent surcharge applied to stamp duty introduced in October 2016, and the additional two per cent surcharge applied to land tax introduced in 2019 on Queensland property held by foreign entities. REIQ CEO Antonia Mercorella explained that both additional taxes on foreign investors – who are already being taxed at a Federal level – act as a deterrent for capital to be deployed in Queensland. “When the Labor Government introduced additional surchargesRead More →

In: Accounting and Finance, General Interest, Landlords, Tenants, Renting and Management, Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has welcomed the RBA’s decision to leave cash rates on hold this month, an important pause after 10 consecutive rises took it to a near 10-year high of 3.6%. REIQ CEO Antonia Mercorella said the pause was a welcome reprieve to homeowners and small businesses who were unfairly carrying the burden of fixing the inflation curse. “Around 650,000 households in Queensland are mortgaged and it’s likely the RBA’s aggressive tightening cycle is already weighing heavily on many mortgage holders,” she said. “A pause in interest rate hikes is an appropriate response at this time, allowing households and businessesRead More →

In: General Interest, Landlords, Tenants, Renting and Management, Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is today launching its Best Practice Guidelines – the peak body’s ‘playbook’ for a distinct league of agents with best-practice accountability, professionalism, and integrity at the heart of everything they do. REIQ CEO Antonia Mercorella said the REIQ Best Practice Guidelines set the standard of compliance, behaviour and professional conduct for Queensland real estate agents. “Real estate professionals take on a very significant responsibility when they are selling or managing property, or when they are acting for buyers looking for a home or commercial space,” Ms Mercorella said. “As a general rule, property is likely to be mostRead More →

In: Events, General Interest, Real Estate

Contributed By: Molly Hannam on

The Onsite Manger is a proud sponsor of Women In, an incredible female run business who’s goal is to develop connections and provide support for all women within the Management Rights, Property, Strata & affiliated industries. On the 12th of May, WomenIn and The Onsite Manager are hosting a luncheon together at Lina Rooftop Bar in Brisbane. There will be games, socialising, networking, food and drinks! Come celebrate the amazing work going on in our industry and connect with like minded individuals! Purchase tickets at: https://womenin.com.au/brisbane-may-2023-luncheon/Read More →

In: ARAMA, Events, General Interest, Real Estate, The Management Rights Market

Contributed By: Nick Buick on

It has been a huge 5 weeks for TheOnsiteManager’s Nick Buick, touring the country with Kelley Rigby from Letts Rebuild and Trevor Rawnsley and Chris Podwell from ARAMA for the 2023 ARAMA ROADSHOW. The crew presented in 6 cities including Byron Bay, Airlie Beach, Port Douglas, Cairns, Brisbane, Sunshine Coast and Gold Coast with a golf day thrown in for good measure. Many hundreds of managers attended the sessions which focused on Protecting, Defending and Growing your letting pool – a subject that is frequently asked about in management rights. The presentations were well-received and a lot of positive feedback was given from managers. InRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

The comedian Jim Jeffries is profane, offensive, politically incorrect and very very funny. His riff on America’s fascination with guns is particularly biting. He observes that people of a certain demographic get very angry when he suggests that perhaps it’s time for the great US of A to reflect on gun violence. “You can’t change the 2nd amendment” they shout, to which he retorts, “Yes you can, it’s called an amendment!”. Kinda says it all when it comes to some attitudes to change. Got me thinking about stuff we take for granted that might not get a run in today’s gentler, more feeling world. ImagineRead More →

In: General Interest, Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is calling on the Queensland Government to immediately withdraw its startling comments which dangerously put rent control on the table yet again. REIQ CEO Antonia Mercorella said the uncertainty around how much the Government would meddle with the market would act as a blazing red flag to Queensland property investors, shattering what little confidence is left and ultimately driving them away. “The thought bubble announcement yesterday around contemplating rent controls shows a Government with seemingly no grasp on basic economics,” Ms Mercorella said. “In the middle of a housing crisis caused by lack of housing supply, it’s beyondRead More →

In: Accounting and Finance, General Interest

Contributed By: Archer Gowland Redshaw on

For businesses aiming to achieve consistent growth year on year, management reporting plays an important role in capturing key metrics required for owners to run effective business operations. Designed to ensure decisions are made via informed insights, at its core, management reporting provides a guide to allow business leaders to forecast the direction of certain strategies, highlight the internal and external risks attached to growth models, and gain greater clarification to regulate planning. From a financial perspective, management reports include analysis of Profit & Loss Statement (i.e. profitability), Balance Sheet, Cashflow, Debtor/Creditor management, Key Performance Indicators (operational and employees), business benchmarks, and other commentary (highlightingRead More →

In: ARAMA, General Interest, Real Estate

Contributed By: ARAMA on

AUSTRALIA IS GRIPPED BY AN UNPRECEDENTED housing crisis, and ARAMA is calling on local councils around the country to ban the use of detached homes for short-term rentals. In a staggering statistic, 1,043,776 Australian dwellings were listed as empty on census night 2021. Some of these million-plus homes were vacant because they were being sold and awaiting new owners, but the latest data tells us that there were 251,000 short-term rental properties registered across Australia in September 2022. Most of these homes are empty most of the time. Meanwhile, in Queensland alone there are more than 50,000 people waiting on the social housing register and struggling to find a roofRead More →

In: Accounting and Finance, General Interest, Landlords, Tenants, Renting and Management, Real Estate, The Management Rights Market

Contributed By: Resort Brokers on

No matter which side of the political fence you sit on, Labor’s proposed changes to super that are set to apply from 2025/26 will definitely have a profound effect should the government win re-election in 2025. Like most government policy around super it is complex and hard to dissect. As always in these matters, ResortBrokers strongly recommends you seek professional advice from a qualified financial adviser. We did, though, want to share a few thoughts about what we understand the effects of these proposed super changes will be for you. We know a great many of you will be affected, either as landlords who holdRead More →

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