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Real Estate (Page 7)

In: Real Estate

Contributed By: Nick Buick on

Thank you for registering for our recent webinar “How to win the listing” with Kelley Rigby from Letts Group and NickBuick from The Onsite Manager. As we know an onsite managers day is unpredictable, we wanted to ensure you could still gain access to the valuable information shared during the event, I am pleased to attach the recording of the webinar to this email. This recording will allow you to review key points and share the knowledge gained. We hope it will serve as a helpful resource in your ongoing pursuit of protecting, defending and growing your business. Please feel free to share the recordingRead More →

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

Contributed By: ARAMA on

Common groud. It’s an important area in any strata scheme, and it’s also the most important area in the relationships that decide whether a Management and Letting Rights business can succeed. A community title scheme is like a magnifying glass of society. It can amplify so many of the good things we enjoy – good friends, beautiful views and wonderful communal amenities in locations by the beach or by a golf course that many owners could not enjoy if they were buying a suburban house. But community title strata schemes can also magnify problems, and finding common ground with owners, tenants, and body corporate committeesRead More →

Premier Plus for TheOnsiteManager.com.au managers

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

Contributed By: Nick Buick on

For years now, managers have despaired at the huge cost for Premier ads on RealEstate.com.au. We all know ( as carefully researched here: https://theonsitemanager.com.au/news/feature-listing-upgrade-value-quantified-a-case-study/ ) that upgrade listings acheive a vastly quicker settlement time than standards… and just recently RealEstate.com.au were kind enough to allow us to nominate some of our stubborn sales listings to Premier Plus to see what we thought of it. The manager whose listing was chosen said the difference was, and I quote directly: “night and day”. She’d had a 7-figure apartment stuck on the market for a month with barely a nibble and the owner was about to pull the lotRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

With inflation moderating, productivity levels falling, job vacancies declining, household savings eroding, and business insolvencies increasing, the REIQ says today’s pause on the cash rate was a sensible decision given mixed economic signals. Real Estate Institute of Queensland (REIQ) Chief Operating Officer Dean Milton said business owners, mortgage holders, aspiring home owners, and renters who hoped the new financial year would bring interest rate reprieve would be nicely surprised. “In our view, there were enough economic factors at play to warrant a stop or at least a pause to the steep tightening cycle, so this comes as welcome news,” Mr Milton said. “With 12 risesRead More →

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

Contributed By: Alex Cook, Director, Resort Brokers on

The concept of a ‘partnership’ or ‘syndicate’, whereby a group of investors pool their financial resources to leverage their purchasing power to acquire an asset, is by no means a new one. Such arrangements have been prevalent in the commercial property and freehold hotel/motel market for decades. In the management rights industry, syndicates are becoming increasingly common in the purchase of large-scale, high netting businesses. So, what are the key components of a management rights syndicate? What do they offer to their partners? And what advantages do they hold over other operational/investment models? PARTNER ROLESAs the name suggests, partnerships are established by uniting a groupRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) says extraordinary data released by PEXA showing one in four property sales in the eastern states last year were mortgage free, indicates interest rate rises are impacting younger Australians the most. REIQ CEO Antonia Mercorella said the data revealed that during 2021 and 2022 more than $240bn in property sales across the east coast were purchased on a cash basis. “With about a quarter of residential sales in eastern Australia being cash sales, we’re heading towards similar numbers to the U.S. where one in three mortgages are settled with cash,” Ms Mercorella said. “These cash property sales wereRead More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The RBA has today taken another swipe at inflation, hiking interest rates by 25 basis points to 4.10 per cent, further denting investor confidence and dashing home ownership dreams according to the REIQ. Real Estate Institute of Queensland (REIQ) COO Dean Milton said regulatory and tax uncertainty was having a detrimental impact on investor activity. “Building approvals in Queensland for the year-to-date in April were 2,607 below last year, showing the damaging impact interest rate rises are having on confidence,” he said. “Further, lending indicators show a 23 per cent decline in loans to owner occupiers this financial year, and a decline of 27 perRead More →

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

Contributed By: Nick Buick on

I had a very interesting (and sadly, all too recurrent) conversation with an onsite manager recently, who shall remain unnamed. It went like this: Hey there, your marketing is due to be renewed this week, would you like me to renew it for you so you don’t lose any listings? I’ll be honest with you, I don’t need to advertise my rentals. You… you don’t need to advertise rentals? Aren’t you a rental manager? Yes I am, but No, because there’s that many tenants out there, I just have to stick a sign out the front and I fill it within 4 hours. Gosh that’sRead More →

In: Facilities Management, Landlords, Tenants, Renting and Management, Real Estate

Contributed By: Rental Tenancies Authority on

New rules around minimum housing standards will come into effect for new tenancies on 1 September 2023 and for all tenancies 1 September 2024. Minimum housing standards aim to ensure rental properties are safe, secure and functional and provide tenants, residents, property managers and owners with greater clarity around their maintenance obligations for rental properties. Minimum housing standards will apply to all types of tenancy arrangements, including general tenancies, rooming accommodation and moveable dwellings. Learn more about minimum housing standards, including frequently asked questions, on the RTA’s updated rental law changes webpage. More information and resources will be made available on this page in the nearRead More →

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

Contributed By: REIQ on

Rental providers are passionately opposed to several changes being proposed as part of the State Government’s stage two rental law reforms Options Paper, according to a survey of more than 3,300 Queensland property investors. The survey, conducted by the Real Estate Institute of Queensland (REIQ), sought property investor sentiment towards some of the ‘hot button’ changes proposed in the paper. One of the most foreboding findings from the survey, was that 81.4 per cent of rental providers said recent and future proposed tenancy law changes have influenced the likelihood that they will sell up (refer to Q14 graph). While 62 per cent of respondents saidRead More →

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