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General Interest (Page 8)

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 →

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 →

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