Management Rights

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The Management Rights Market (Page 10)

Buying Management Rights, Selling Management Rights, market outlook, etc

In: The Management Rights Market

Contributed By: Resort Brokers on

BIGGERA WATERS apartment complexes Harbour Quays and East Quays have joined the super league of Gold Coast management rights, with their caretaking and letting businesses and associated real estate selling in one line for close to $13 million. A syndicate of 10 local investors has bought the 363-unit Harbour Quays and 300-unit East Quays management rights portfolio in an off-market deal secured by Resort Brokers Australia for developer Emandar Group. Agent Alex Cook confirmed earlier reports that the sale price for the 10-building operation was in the $12 – $13 million range, including seven apartments and eight offices. “With 663 apartments in 10 buildings acrossRead More →

In: Events, The Management Rights Market

Contributed By: Nick Buick on

Tuesday, August 15, 2017 6:30 PM to 9:00 PM Fishburners 155 Queen St, Brisbane City QLD 4000, BrisbaneFishburners is in the Zara building, but entrance is through the building next door (“Regent”). There will be an event attendant helping you with directions in front of it. About Our business events: Our business events provide members an opportunity to build business networks and exchange ideas in a relaxed social setting. We welcome both Chinese and Australian entrepreneurs to join us！Attendees at our events are warm, positive, career-driven and love to meet new people. Cold beer for early arrivals Dress code: smart casual. Event schedule: 6.30-7pm Business Networking 7-8pm GuestRead More →

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: Nick Buick on

Resort Brokers Australia has added two new brokers to its Queensland ranks, taking the agency’s growing national network of specialist brokers to 37. The two latest appointments, Todd Warner on the Gold Coast and Arron Bailey on the Sunshine Coast, follow significant recent expansion moves in Victoria and South Australia. Catering for management rights demand growth on the Gold Coast and Sunshine Coast, Resort Brokers has welcomed two sales professionals from former senior management roles with the world’s largest family-owned spirits company, Bacardi Martini Australia. Todd Warner, an experienced sales professional with a proven track record of leadership in the liquor and construction industries over some 25 years, will handle managementRead More →

In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

MR Sales are pleased to welcome two new members to their team of experienced brokers in Brisbane. Tony Mancuso and Lyn Pearsall will be joining Greg Jorgensen in Brisbane listing and selling management rights. With 25 years in the Brisbane building industry, as both a builder and developer, Tony Mancuso was heavily involved in the establishment of body corporate schemes and community management scheme statements. Tony also has a financial interest in two manufactured home parks in Victoria and New South Wales, giving him a grass roots understanding of the industry. Tony has been involved in the management rights industry for over 10 years havingRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

In August last year we published an article contemplating credit challenges ahead.  I point this out with no great delight because, for once, it seems we had it right.  Drop me a line if you want a copy of the original article, it’s on our web site. Anyway, one of the key points I raised a year ago was the expected pressure on lenders to reduce interest only lending. That prediction has most certainly come home to roost.  In the past few months we have seen a range of major and second tier lenders bring in restrictive lending standards for interest only property finance andRead More →

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: Resort Brokers on

A torrent of investment in large-scale infrastructure projects is set to stimulate widespread opportunities in the accommodation industry, particularly in regional centres, according to Resort Brokers Australia. The national industry specialist is urging accommodation investors and operators to “follow the infrastructure trail” as Australia embarks on a period of colossal investment in nation-building projects designed to stimulate economic productivity in the short and long term. Commitments, at Federal and State levels, are numerous.  Chief among them are the 1700km so-called ‘Steel Mississippi’ Inland Rail from Melbourne to Brisbane, the giant power-grid battery project dubbed Snowy Hydro 2.0, and the new Western Sydney Airport at BadgerysRead More →

In: General Interest, The Management Rights Market

Contributed By: TheOnsiteManager.com.au on

Calvin Bailey’s North Queensland business was established with Property Pacific in 2003 to provide specialist sales and marketing services to the management rights industry. Previous to this Calvin operated a number of management rights properties, starting with the first one in 1995. Over time Calvin has become a well-known entity in the industry, building an enviable reputation through unwavering commitment and professional expertise. While focusing on the beautiful North Queensland region Calvin has sold a number of properties in other regions as well, including NSW, Victoria, the Northern Territory plus other areas of Queensland. At Calvin Bailey Management Rights the speciality is management rights sales. Calvin draws heavily on his experience as aRead More →

In: General Interest, The Management Rights Market

Contributed By: Nick Gorrell on

In their simplest form virtual tours have been used by commercial and residential sales agents for many years through the use of property photos which offer a prospective buyer the ability to experience a property and make a value judgement from a remote location without having to visit beforehand. This enables a viewing shortlist to be achieved and thus saving on valuable time. Today’s property buyers are often very sophisticated and time poor, wanting unfettered access to clear and high quality information which offer a truthful and accurate picture of the properties they are interested in viewing with as few unexpected surprises as possible. WeRead More →

In: Accounting and Finance, Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: Mike Phipps Finance on

When buying a management rights or leasehold accommodation business such as a motel there is an interesting dynamic at play that many purchasers fail to pay sufficient attention to. The fact is that outside the core group comprising the purchaser, the vendor and their associated advisors there is a third-party lurking. In the case of leases it’s the landlord and in the case of management rights it’s the body corporate. In both cases this third party has a vested interest in the professional capacity of the purchaser and their likely prospects of success. In both cases character, financial standing and qualifications will be important considerations.Read More →

In: Events, General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: TheOnsiteManager.com.au on

To embrace Airbnb or not this is the question? We are seeing more articles in the media recently about this controversial topic and onsite managers are starting to ask the question “How can we protect our investment?” The team here at TCM Strata hear you and want to help you un puzzle the puzzle. With engaging information sharing from our panel of experts covering insurances, legal, taxation & financials through to working with your Body Corporate manager and hearing from an onsite manager that has embraced this new wave of accommodation sharing.Read More →

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