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Industry News

The latest industry updates from leading professionals, commentators and experts

  • The Impact of New Town Planning Laws on Tourist Accommodation

    The Impact of New Town Planning Laws on Tourist Accommodation

    Having grown up as a boy in Melbourne, before coming to the Gold Coast where I have been in our law practice for many, many years, I still have an interest in Melbourne and a curiosity as to how different the Management Rights situation is in both cities. I have realised that on the Gold Coast we freely integrate our tourists with our resident population and celebrate the tourist industry as a great feature, benefiting both residents and tourists alike. We have a very compatible resident and tourist use of our buildings particular because of our form of Management Rights where the on-site Caretaker andRead More →

  • Pre Approved Finance, Is there any such thing?

    Pre Approved Finance, Is there any such thing?

    Back in the day when I was a bank manager one of the marketing strategies the banks employed from time to time was pre-approved finance for home buyers. Basically we collected information from the client and gave them a letter saying they could borrow up to a certain amount subject to a formal finance application and a full credit assessment. The letter was not a finance approval and carried no obligation on behalf of the bank. In other words it was pretty much useless except that it did give potential home buyers an idea of their likely maximum loan and therefore what maximum purchase priceRead More →

  • Tourism Brokers and MR Sales have Merged

    Tourism Brokers and MR Sales have Merged

    “Tourism Brokers and MR Sales have merged allowing reciprocal rights to each other.  This means that as a Seller / Buyer you have twice as many people working for you.” MR Sales is QLD based and Qld is the home of management rights. The opportunities to add value from the joint experience to development and the accommodation industry on a national scale are phenomenal. TheOnsiteManager is a powerful service tool and medium to the industry that will assist in the industry expansion MR Sales are in expansion mode and are happy to hear from likeminded individuals that would be interested in joining our team. OnceRead More →

  • The Future of Surcharges and What It Means For Your Business

    The Future of Surcharges and What It Means For Your Business

    According to consultancy firm Capgemini and Royal Bank of Scotland, Australia has the 4th highest rate of non-cash payments on earth, increasing by 7 percent per year. According to the RBA, the average surcharge for Visa / Master Card is 1.9% and 2.9% for American Express. The implications of this, for a business operating on a 10% margin, are staggering. They’re essentially sacrificing 20-30% of their profit just to receive payment. For a motel operating on a 30% margin it’s around 10%. These costs are often simply accepted as part of doing business, but it’s only going to get worse from here. Seemingly overnight, tap-and-go services have become ubiquitous and withRead More →

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