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In: Events

Contributed By: Molly Hannam on

What an incredible afternoon celebrating women (and men) and all their contributions to our amazing industry! Over 60 guests gathered at LINA Rooftop in Brisbane on Friday the 12th of May for The Onsite Manager and Women In’s event. New connections were built and lots of fun was had! Thanks to all who were able to attend and we look forward to our next partnership with Women In! Photography by Renee Andrews.Read More →

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

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is calling on property managers and property investors in Queensland to join its campaign to convince the State Government to reconsider proposed stage 2 rental law reforms. REIQ CEO Antonia Mercorella said the peak body was preparing its Submission to the Queensland Government’s Option Paper regarding stage two rental reforms, and would ensure the voices of property managers and property investors are represented and heard. “The REIQ is concerned with ongoing and consistent rental law reforms in Queensland which are progressively eroding property investor rights along with their confidence and interfering with contractual relations,” Ms Mercorella said. “IfRead More →

In: Accounting and Finance, General Interest, Real Estate, REIQ

Contributed By: REIQ on

The REIQ says last month’s pause in interest rate hikes has proven to be a short-lived relief for mortgage holders, as the RBA has today hiked the cash rate by 25 basis points to 3.85% – the highest level since April 2012. REIQ COO Dean Milton said the RBA’s decision to forge ahead with its aggressive tightening cycle would weigh heavily on homeowners and investors. “We have seen regulatory chaos from State and Federal Governments, and whiplashing back to another interest rate rise only adds to this pain,” Mr Milton said. “There’s barely been time for the market to absorb the lagged impact of theRead More →

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

Contributed By: Resort Brokers on

Ian Crooks – ResortBrokers Chairman Back in the ‘70s in my native New Zealand everyone used to talk about this sparkling paradise across the Tasman called the Gold Coast. When I first visited in ’79 the hype didn’t disappoint. I was absolutely blown away by it. It had a beachline of golden sand that seemingly stretched forever, luxury high-rise to rival Miami, and there was a real energy about the place. The tallest building at the time was a circular apartment building called Focus built by the late great Lou Ferro, who was a friend of mine. It was a tremendously eye-catching skyrise that lookedRead More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The REIQ says the Albanese Government’s announcement that housing ministers will develop a plan to strengthen renters’ rights nation-wide later this year, is yet another swipe at property investor confidence in a State still reeling from relentless rental reforms. While the national renters’ rights plan announcement lacked detail, the REIQ is concerned that the Government has bowed down to pressure from the Greens and could signal yet another nail in the coffin for property investment in Queensland. REIQ CEO Antonia Mercorella said it was nonsensical to introduce nation-wide rental reforms on top of far-reaching, stage one rental reforms introduced in Queensland in October last year,Read More →

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

Contributed By: BC Systems on

Tree maintenance responsibilities in a body corporate Trees can add significant value to a property, particularly if they are well-maintained and add to the aesthetic of the property. They can provide shade, privacy, and a sense of tranquillity, all of which are highly sought after by potential buyers. On the other hand, poorly maintained or overgrown trees can detract from the value of a property and even be a safety hazard. It is essential to ensure that trees in a body corporate are well-maintained to enhance the overall value of the property and also important to understand the obligations regarding maintenance of trees depending on their location within a scheme.   ResponsibilityRead More →

In: Accounting and Finance, General Interest, Real Estate, The Management Rights Market

Contributed By: Mike Phipps Finance on

The managing director and I recently celebrated our 40th wedding anniversary. Yes, I know. How the hell could she have tolerated me for so long? Surely a mystery for the ages and not one I am keen to shine a light upon. In any event this significant life milestone was cause for both joy and reflection. How do relationships stand the test of time? In our case it’s very simple, I agree with everything she says and when that fails I correct her, seek medical attention for that nasty bump on my head and buy jewellery and fizzy drinks. She, on the other hand, putsRead 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 out a questionable and concerning move by the State Government to treat rent control separately to stage two rental reforms, without the transparent legislative process that is reasonably expected. The Deputy Premier has stated that a reform to limit rent increases to once-yearly will apply from 1 July 2023 onwards – but the transition arrangements will mean that contractually agreed rent increases after this date will also no longer be valid. REIQ CEO Antonia Mercorella said it was absurd and questioned the legality of the retrospective nature of the new laws. “As a property investor, youRead More →

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 →

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