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The Management Rights Market (Page 3)

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

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

Contributed By: REIQ on

Obscenely tight rental conditions continue in Queensland according to the latest Residential Vacancy Rate Report released by the Real Estate Institute of Queensland (REIQ). The REIQ report covers more than a decade of quarterly vacancy rates for 50 local government areas (LGAs) and sub regions in Queensland, with the March 2023 quarter showing sustained historically tight rental conditions and mostly minor fluctuations from the previous quarter. Of the 50 regions, 11 remained at the same rate, 13 grew slightly tighter, while the majority of 26 relaxed slightly, indicating improved but still limited rental options. This saw the state-wide vacancy rate rise marginally from 0.8 perRead More →

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

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is applauding the Mackay Regional Council for doubling the region’s concession on infrastructure charges for new social housing. The boost takes the discount from 50 per cent to 100 per cent, up to the existing cap of $500,000, in a bid to bring builders to the region to develop much-needed social housing. REIQ CEO Antonia Mercorella welcomed the incentive as an exemplary way Councils could help attract new private investment in the regions and boost targeted housing supply. “The REIQ commends Mackay Regional Council for making housing diversity a priority for the region,” Ms Mercorella said. “We welcomedRead More →

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

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is calling on the Queensland Government to rescind foreign investor surcharges, in light of the state’s housing crisis. The REIQ has long-opposed both the seven per cent surcharge applied to stamp duty introduced in October 2016, and the additional two per cent surcharge applied to land tax introduced in 2019 on Queensland property held by foreign entities. REIQ CEO Antonia Mercorella explained that both additional taxes on foreign investors – who are already being taxed at a Federal level – act as a deterrent for capital to be deployed in Queensland. “When the Labor Government introduced additional surchargesRead More →

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

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has welcomed the RBA’s decision to leave cash rates on hold this month, an important pause after 10 consecutive rises took it to a near 10-year high of 3.6%. REIQ CEO Antonia Mercorella said the pause was a welcome reprieve to homeowners and small businesses who were unfairly carrying the burden of fixing the inflation curse. “Around 650,000 households in Queensland are mortgaged and it’s likely the RBA’s aggressive tightening cycle is already weighing heavily on many mortgage holders,” she said. “A pause in interest rate hikes is an appropriate response at this time, allowing households and businessesRead More →

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

Contributed By: Nick Buick on

It has been a huge 5 weeks for TheOnsiteManager’s Nick Buick, touring the country with Kelley Rigby from Letts Rebuild and Trevor Rawnsley and Chris Podwell from ARAMA for the 2023 ARAMA ROADSHOW. The crew presented in 6 cities including Byron Bay, Airlie Beach, Port Douglas, Cairns, Brisbane, Sunshine Coast and Gold Coast with a golf day thrown in for good measure. Many hundreds of managers attended the sessions which focused on Protecting, Defending and Growing your letting pool – a subject that is frequently asked about in management rights. The presentations were well-received and a lot of positive feedback was given from managers. InRead 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: Facilities Management, Insurance, Landlords, Tenants, Renting and Management, Real Estate, The Management Rights Market

Contributed By: Frank Matus - Resort Brokers on

Our Brisbane broker Frank Matus says opportunity exists for buyers and sellers in a buoyant market — but you have to be nimble. When I started with ResortBrokers a year ago, the industry was still emerging from COVID. Uncertainty was in the air and multipliers were soaring. Real estate prices were skyrocketing thanks to the great migration from the southern states – over 50,000 new residents flocked to our state in the year to June 2022.  While management rights operators felt the capital growth in their real estate, many of these new residents moved into their investment units creating downward pressure on letting pools. SomeRead 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, Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: Geoff Ellis - North Queensland Management Rights on

I am pleased to announce the formation of North Queensland Management Rights specifically specialising in the sale and purchase of management rights in North Queensland. The mission is to offer services that are entirely focussed on our region – where the interests of our industry in this region are foremost and tailored to meet the needs of those within and seeking to join the rights industry in North Queensland. The reason for change? As with many things today technology removes any compelling reason why being attached to a larger SEQ based broking business offers any real advantage. And certainly, the cost of doing business isRead More →

In: Events, Facilities Management, General Interest, Insurance, Legal, The Management Rights Market

Contributed By: Nick Buick on

THE Awards 2022 was a resounding success and everyone had a fantastic evening. A special thanks to our sponsors: HiRUM, Schindlers Lifts Australia, McAdam Siemon Accountants and Mike Phipps Finance for making the event possible. Here’s the professional images from the evening. We can’t wait to see you all next year!Read More →

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