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General Interest (Page 6)

In: Accounting and Finance, General Interest, Motels and Hospitality, Real Estate

Contributed By: Mike Phipps Finance on

As some of you may know I am a late arrival to the pastime of snow sports. It’s not that I haven’t always had an interest in skiing, mountains and snow. It’s just that when you are married with two kids, trying to pay off a mortgage and living pretty much week to week the prospect of mixing it with the snow resort jet set seems one hell of a stretch. Of course, travel brochures are free so who says you can’t dream? Anyway, in my advancing years and with the kids off our hands (are they ever really thus?) the managing director and I,Read More →

In: General Interest, Legal, Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) says it’s disappointed that the Property Law Bill has been prematurely introduced into Parliament while there’s still material matters to be worked through. The Bill seeks to implement a formal seller disclosure regime in Queensland. REIQ CEO Antonia Mercorella said while the real estate peak body supported the introduction of a uniform statutory seller disclosure regime, this support was subject to the establishment of appropriate disclosure parameters and reasonable costs and accessibility to information associated with disclosure requirements. The REIQ has raised a number of concerns with the proposed legislation including: – impractical and unnecessarily complex requirements associatedRead More →

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

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) says calls from tenants’ advocates for rent control in Queensland is a short-sighted solution to a complex problem. REIQ CEO Antonia Mercorella said rent control would not be a panacea for the rental crisis and would likely have the opposite effect and exacerbate challenging rental conditions. “We are acutely aware of the devastating impacts of the rental crisis and against that backdrop, it’s understandable that some tenants’ advocates are proposing rent control as a solution – but rent control is not the panacea that many argue it to be,” she said. “It’s clear Queensland does not have sufficientRead More →

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

Contributed By: Aon Insurance on

There’s more to managing risk than insurance 6 pillars of managing risk in a service based business There’s not much in life that comes without risk – whether it’s starting a business, or even just crossing a road. When it comes to running your business, the biggest risk in your mind is probably not making a profit. However, events such as a client tripping over and injuring themselves while at your premises, or having legal action taken against you due to advice you provided are also incidents that can have a substantial impact on your business. While you might hold insurance to help cover youRead More →

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

Contributed By: ARAMA on

I’d like to remind ARAMA members again that the industry survey conducted by international accountancy group Deloitte demonstrated better returns for owners from properties managed under the Management & Letting Rights model. Overall, the survey responses indicated that a resident manager acting in the role of an on-site letting agent delivers a better weekly rental return than an outside agent. The Resident Manager also performs the caretaking functions in a more cost-effective manner when compared to other professional outside alternatives. The Deloitte Survey is available as a four page fact sheet to members from the ARAMA website library. One of the most striking outcomes fromRead More →

In: Facilities Management, General Interest, Landlords, Tenants, Renting and Management, Motels and Hospitality, Real Estate

Contributed By: Nick Buick on

TheOnsiteManager.com.au have just signed a new deal with LittleHinges to unlock MASSIVE savings on photography packages. We can now offer a Virtual Tour, Floor Plan and 8 Still images for *JUST* $220+GST. A huge reduction from the $320+GST that was previously available. Book your virtual tour, floorplan and photoshoot here: https://theonsitemanager.typeform.com/to/fZGAdJ6b I am frequently getting calls from managers telling me they ran a 15 minute open on a 2 bedroom unit and 47 people showed up to inspect it. Cut through the time wasters, and cut down on the number of people showing up at your open homes – with a virtual tour prospects can take theirRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

I guess I should start this month’s massive with a welcome to 2023. Doesn’t seem that long ago that we were stressing about the Y2K bug and now here we are, 23 years later. For those of you too young to remember, the bug was essentially a “the sky is falling” event predicated on an expectation that computers worldwide would be unable to cope with the year 2000 due to recognition software that only identified the last 2 numbers in a year. The fear was that 2000 and 1900 would be indistinguishable to computer systems and all hell would break loose. The global spend toRead More →

In: General Interest, Real Estate, REIQ

Contributed By: Claire Ryan - REIQ on

While market pressures have pinned Queensland vacancy rates down during 2022, REIQ data released today shows the year has ended with a slight uplift across the state. Of the 50 local government areas and sub regions covered in the REIQ’s Residential Vacancy Rate Report for the December 2022 Quarter, 43 experienced a vacancy rate rise compared to the previous quarter, while the remaining seven were static. The state-wide vacancy rate rose from 0.6 per cent in the September quarter to 0.8 per cent to close the year, at an improved yet still critically low rate. REIQ CEO Antonia Mercorella welcomed the momentary relief but saidRead More →

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

Contributed By: ARAMA on

The greatest validation for long term agreements in the business of Management and Letting Rights (MLR) is that the vast majority of resident managers are granted top-ups – that is extensions on the term of their MLR agreements. Why? Because those resident managers make continual improvements to a scheme in a way that off-site managers could never achieve. Owners are happy to give resident managers these top-ups as a reward for their performance. There are great economic benefits to a scheme that has an on-site manager with a long-term agreement, and there are also benefits you cannot put a price on – the services thatRead More →

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 →

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