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Real Estate (Page 6)

In: REIQ

Contributed By: Jane Garcia on

Relatively stable yet dangerously low vacancy rates over the first quarter of 2024 are a cold comfort to renters desperately trying to find a place to call home in Queensland. The Real Estate Institute of Queensland (REIQ) Residential Vacancy Report for the March 2024 Quarter shows rental availability remains at critical lows across the sunshine state. Of the 50 local government areas and sub regions covered in the report, vacancy rates fell in 22, were stable in 10 and climbed in 18, compared to the previous quarter. These movements, however disappointing or promising they may seem on face value, were confined to a modest 0.2%Read More →

In: Real Estate, REIQ

Contributed By: Jane Garcia on

As a strong believer that everyone should be able to make educated, informed decisions about buying, selling, or renting property in Queensland, the Real Estate Institute of Queensland (REIQ) is delivering a new, enlightening video series to empower consumers. The educational video series called Prop IQ, aims to unpick the complexities of real estate and answer the big questions regularly fielded by real estate professionals. REIQ CEO Antonia Mercorella said Prop IQ aimed to demystify and debunk the process of buying, selling, or renting in Queensland and answer consumers’ burning questions. “Real estate is essential to all of us, it’s often the topic of conversationRead More →

In: General Interest, Real Estate

Contributed By: Jane Garcia on

RAAS Property Group, proudly announces a significant milestone in its journey with the unveiling of new brand name Ras360 Property Solutions, and the launch of a new sales division dedicated to Accommodation business sales. This is a momentous occasion in the company’s 21-year history, a pioneer in the brokerage of Management Rights and specialist in apartment and townhouse sales, and signifies commitment to offering complete Residential and Accommodation Property Solutions. Ras360 is poised to challenge the industry with its expansion of services and capability into a more diverse range of asset classes including Hotels, Motels, Pubs & Caravan Parks. At the helm of this excitingRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has warned the Residential Tenancies and Rooming Accommodation and Other Legislation Amendment Bill 2024 (the Bill) introduced today, contains some extreme, unnecessary, and impractical reforms. REIQ CEO Antonia Mercorella said it was disappointing to see legislative change being touted as the solution to the rental crisis when there is universal agreement that we need to encourage new supply. She said the most alarming reforms in the Bill relate to: ·     The proposal to attach rent increase limits to the property rather than the tenancy agreement; and ·     A tenant’s right to ask for structural changes to a property and an owner beingRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is welcoming today’s announcement from the Attorney General that mandatory continuing professional development (CPD) will be imposed on real estate practitioners in Queensland. As the law currently stands, real estate practitioners are required to undertake initial educational training, however there are no ongoing educational and training requirements despite the increasingly complex legal and regulatory landscape they operate in. REIQ CEO Antonia Mercorella said as a strong advocate for the establishment of an annual CPD regime for a decade, it was momentous for the REIQ to see it come to fruition. “As the peak body for real estate professionals,Read More →

In: Real Estate

Contributed By: @Realty on

SPECIALISING IN TOWNHOUSE AND UNIT SALES Rigby Property Group led by Scott & Kelley Rigby is a Residential Real Estate Agency specialising in the unique market of Townhouse and Unit sales throughout Brisbane and the Gold Coast.. At Rigby Property Group, we provide our managers with the assurance that they are working with an agency that not only comprehends their business model and priorities but also possesses an unparalleled passion for the Management Rights Industry. Rooted in strong family values, Rigby Property Group challenges the norms of traditional agencies. Their success is defined not only by achieving exceptional results for clients but also by creatingRead More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland’s (REIQ) latest quarterly Residential Vacancy Rate Report shows most renters have more choice than they had a year ago, despite a slightly tightening market over the September 2023 Quarter. While the state vacancy rate remains ‘tight’ (0 – 2.5%) at 1.0%, reassuringly, in most areas, vacancy rates have not dipped enough to erase the gains made over the past two quarters. The report, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, with figures representing just how few and far between rental listings can be – particularly in regional areas. Of the 50 Queensland regions,Read More →

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

Contributed By: John Miller, Resort Brokers on

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 →

In: Real Estate, REIQ

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 →

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

Contributed By: John Miller, Resort Brokers on

ResortBrokers Director Alex Cook and Brisbane Broker Jeff Keast recently settled their sale of the management rights of Annexe Apartments for $8.3 million. The sale of the 81-apartment complex in the inner Brisbane suburb of Bowen Hills was the first large, short-let management rights to settle in the Queensland capital since Covid. The sale eclipsed ResortBrokers’ previous post-Covid management rights record of the 46-unit Manor Apartments Hotel in Queen St that sold for $6.3 million. A ResortBrokers Director since 2018, Cook specialises in large management rights transactions nationwide, particularly large, short-stay and off-the-plan developments. His previous landmark management rights deals include the sale of SoulRead More →

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