Management Rights

Motels

Caravan Parks

Employment

 

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

I guess I should start this month’s massive with a welcome to 2023. Doesn’t seem that long ago that we were stressing about the Y2K bug and now here we are, 23 years later. For those of you too young to remember, the bug was essentially a “the sky is falling” event predicated on an expectation that computers worldwide would be unable to cope with the year 2000 due to recognition software that only identified the last 2 numbers in a year. The fear was that 2000 and 1900 would be indistinguishable to computer systems and all hell would break loose. The global spend toRead More →

In: General Interest, Real Estate, REIQ

Contributed By: Claire Ryan - REIQ on

While market pressures have pinned Queensland vacancy rates down during 2022, REIQ data released today shows the year has ended with a slight uplift across the state. Of the 50 local government areas and sub regions covered in the REIQ’s Residential Vacancy Rate Report for the December 2022 Quarter, 43 experienced a vacancy rate rise compared to the previous quarter, while the remaining seven were static. The state-wide vacancy rate rose from 0.6 per cent in the September quarter to 0.8 per cent to close the year, at an improved yet still critically low rate. REIQ CEO Antonia Mercorella welcomed the momentary relief but saidRead More →

In: Insurance, Legal, Real Estate

Contributed By: Aon Insurance on

How bushfires may shape Australian housing design The devastation caused by bushfires have become a regular, unfortunate part of the Australian climate. Communities impacted watch (somewhat helplessly) as their properties, wildlife and vegetation are engulfed by flames. It’s unlikely bushfires are going to stop anytime soon, but with the intensity of them increasing, coupled with the effects of drought and extreme temperatures, it’s clear there are further challenges ahead in terms of adapting and ensuring communities are equipped to better withstand the impacts. While steps have been taken in Australian housing architecture to better enable resilience and cope with bushfires, there is still a wayRead 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, Real Estate

Contributed By: Claire Ryan - REIQ on

The Queensland region with the tightest residential vacancy rate in the state is primed for a turnaround, after its Council cut fees to incentivise multi-dwelling construction. Goondiwindi Regional Council (GRC) is introducing a year-long rebate for all Council fees and charges associated with constructing new multi-dwelling buildings such as units, townhouses, duplexes and granny flats. Real Estate Institute of Queensland (REIQ) COO Dean Milton said the move, welcomed by the real estate peak body today, was an exemplary way Council’s could help incentivise much-needed new housing supply. “With the Goondiwindi region hovering barely above the ‘no vacancy’ line at just 0.1 per cent for theRead More →

In: Facilities Management, Landlords, Tenants, Renting and Management, Legal

Contributed By: RTA on

The Residential Tenancies Authority (RTA) is encouraging Queenslanders to check their pool measures up with safety laws this summer.  As we spend more time in and around the pool this summer, it’s important for tenants and property managers/owners to understand their responsibilities when it comes to pool safety.   Safety standards  Under the Residential Tenancies and Rooming Accommodation Act 2008 (The Act), property owners are required to adhere to laws regarding the health and safety of people using or entering a property. This means being aware of and abiding by pool safety laws and standards under the Building Act 1975 if there is a pool on the property and theRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

“Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is 666.” Revelation 13:18 From the best-selling book of all time. “Woe to you, oh earth and sea, for the devil sends the beast with wrathBecause he knows the time is shortLet him who hath understanding reckon the number of the beastFor it is a human number, its number is six hundred and sixty-six” The Number of the Beast -, Iron Maiden 1982. From the best-selling album of the same name. The opportunity to quote Iron Maiden and the BookRead More →

In: General Interest, Real Estate, REIQ

Contributed By: Claire Ryan - REIQ on

Enduring low days on market and higher listings than pre-COVID, are indicative of a property market holding firm, according to the latest quarterly data (September 2022 Qtr) analysed by the Real Estate Institute of Queensland (REIQ). With extraordinary double-digit annual median sale growth in most regions across Queensland, REIQ CEO Antonia Mercorella said there are plenty of reasons to remain confident in the strength and resilience of property in the sunshine state. “The average number of days on market in Queensland is now sitting at 19 days, compared to 51 days pre-COVID,” Ms Mercorella said. “While it got as low as 16 days earlier thisRead More →

In: General Interest, Insurance

Contributed By: Aon Insurance on

Here is what you need to know about Cyber Insurance and what it covers You probably don’t need another reminder about the increasing incidences of cyber crime – more than enough headlines and stories of organisations (and even entire countries) suffering major cyber attacks emerge almost every month. So it should come as no surprise that small businesses are now also now a lucrative target for cyber criminals. The reasons for this? There are many, but one of the biggest reasons is that unsuspecting small businesses often do not have sophisticated cyber security software, making them a relatively ‘easy target’. Cyber insurance is therefore an importantRead More →

In: ARAMA, General Interest, Real Estate

Contributed By: ARAMA on

QUEENSLAND is besieged by a housing crisis and in desperate need of 55,000 new rental properties. The perfect formula to help alleviate this desperate situation is the business of Management and Letting Rights. I attended the Queensland Housing Summit on October 20, where one of the key messages was that it is high time to further encourage property developers, property investors and the property management industry. Developers and investors provide the necessary homes for people to live in, while it has been shown time and time again that Resident Managers make Community Title Schemes run more efficiently and provide housing that is far more affordableRead More →

ADVERTISMENT: