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In: Body Corporate, Facilities Management

Contributed By: BC Systems on

Who is responsible for maintenance in a body corporate scheme Living in a body corporate scheme comes with a host of benefits, including access to various amenities and facilities as well as sharing the burden of cost in relation to repairs and maintenance of the buildings and common property. In some cases, the body corporate is responsible for maintaining the asset or common property but in other cases, the responsibility can fall back onto the lot owner. In this article we cover who is responsible for maintenance in a body corporate scheme, shedding light on the roles of individual owners and the body corporate in maintainingRead More →

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

Contributed By: John Miller, Resort Brokers on

ResortBrokers has set a new record for a management rights business on the Sunshine Coast with the sale of luxury resort Oceans Mooloolaba Beach for $11.2M. The sale smashes the previous Sunshine Coast management rights record of $8.06M set in February 2022 for the 21-apartment On the Beach in Noosa’s Hastings Street. ResortBrokers’ Sunshine Coast team, Glenn Millar and Chenoa Daniel, settled the sale earlier this week. The off-market deal sees the management rights change hands from vendors Vince and Sue Galle to Prestige Residential, led by Ben Orton, which also operates the management rights to On the Beach and Tingirana in Noosa Heads asRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

As I sit here in an airport lounge contemplating the meaning of life my thoughts turn to our national carrier, the flying kangaroo, the displayer of the Yes, the virtue signalling disgrace now facing multiple client lawsuits, to say nothing of the action commenced by the ACCC. All this before we even start to contemplate the cosy arrangements between government and Qantas to freeze a competitor out of the game and assist in customers being ripped off, cheated and treated appallingly. The latest accusations of Qantas selling tickets on cancelled flights sounds a lot like the “advice for no service” accusations aired during the bankingRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

Queensland property keeps proving itself to be a shining performer, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ) today. The June 2023 quarter (April – June 2023) revealed that many of the Sunshine State’s property markets remain in an enviable position, with statewide median house prices rising by 4.62 percent over the quarter, and median unit prices lifting 3 per cent. Taking a broader view and comparing Queensland’s annual figures, the state saw substantial year on year growth of 5.26 per cent for houses, and 6.91 per cent for units. Some regional property markets are running particularly hotRead More →

In: ARAMA, Events, General Interest

Contributed By: ARAMA on

A TOP night of worthy winners THE MANAGEMENT AND LETTING RIGHTS INDUSTRY is built on a foundation of hospitable and well organised resident managers whose hard work creates a $55 billion yearly economic benefit for Australia. So many people right across our business deserve accolades and on July 25 at Brisbane’s fabulous Royal International Convention Centre the most outstanding achievers in the MLR field were honoured at our annual TOP awards. It was a magnificent evening as our industry celebrated great success borne from determination and diligence. The night honoured the best of the best in our business, and the work displayed by all of our winnersRead More →

In: Body Corporate, Facilities Management

Contributed By: RTA on

Pool fences and safety laws Pool owners must have a pool safety certificate issued by a licensed pool safety inspector. A copy of the certificate should be included with the tenancy agreement. If a certificate has not been obtained the tenant may consider it a breach of the property owner’s duty to comply with all health and safety laws. The condition of the pool should be noted in the Entry condition report (Form 1a). All temporary pools and spas (which can be filled with water to a depth of 300mm) must also comply with the pool safety laws and may require fencing requirements. Tenants should obtain permissionRead More →

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

Contributed By: John Miller, Resort Brokers on

ResortBrokers Director Alex Cook and Brisbane Broker Jeff Keast recently settled their sale of the management rights of Annexe Apartments for $8.3 million. The sale of the 81-apartment complex in the inner Brisbane suburb of Bowen Hills was the first large, short-let management rights to settle in the Queensland capital since Covid. The sale eclipsed ResortBrokers’ previous post-Covid management rights record of the 46-unit Manor Apartments Hotel in Queen St that sold for $6.3 million. A ResortBrokers Director since 2018, Cook specialises in large management rights transactions nationwide, particularly large, short-stay and off-the-plan developments. His previous landmark management rights deals include the sale of SoulRead More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has long-advocated for all levels of government to work together to do their part to end the housing crisis, and welcomed the renewed and incentivised housing targets set at National Cabinet yesterday. REIQ CEO Antonia Mercorella said it was particularly pleasing to see commitments from the Commonwealth to provide $3 billion in performance-based funding to states and territories that meet their housing targets. “The REIQ welcomes the additional incentive-based payments for states to deliver houses above the previous targets,” Ms Mercorella said. “Whilst the funding is welcome for the additional 200,000 homes above the previous target over theRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

As some of you will know I’m a bit of a music nut. I find lyrics interesting and often ponder the meaning in popular songs. I’m also fascinated by the influence of love found and lost in modern music. I bet if you were forced to listen to only songs that didn’t mention love, relationships, heartache etc you’d soon get very sick of Midnight Oil preaching to you. Don’t get me wrong, a red hot band no doubt and a bit of preaching never hurt I guess. Maybe just dialled down a notch or two. Anyway, I’ve got the headphones on with songs of loveRead More →

In: ARAMA, Events, General Interest

Contributed By: ARAMA on

ARAMA’S Top Awards are a showcase of everything that we love about Management and Letting Rights. This year’s awards will take place at a gala function on July 25 at Brisbane’s Royal International Convention Centre and will highlight the outstanding work that resident managers are doing on behalf of owners, bodies corporate and residents. All the finalists exhibit the marvellous traits that go into building a successful MLR business – they all know that first and foremost they are working in a service industry, and they are providing benefits to their clients that go above and beyond what is expected of them. This month I’dRead More →

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