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Search results for “The State of the Market” (Page 3)

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In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland’s (REIQ) latest quarterly Residential Vacancy Rate Report shows most renters have more choice than they had a year ago, despite a slightly tightening market over the September 2023 Quarter. While the state vacancy rate remains ‘tight’ (0 – 2.5%) at 1.0%, reassuringly, in most areas, vacancy rates have not dipped enough to erase the gains made over the past two quarters. The report, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, with figures representing just how few and far between rental listings can be – particularly in regional areas. Of the 50 Queensland regions,Read 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: 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: 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: General Interest, Landlords, Tenants, Renting and Management, Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Federal Government’s latest thought bubble to propose national caps on rent increases to once every two years is economic lunacy, according to the Real Estate Institute of Queensland (REIQ). REIQ CEO Antonia Mercorella said it was imperative that state and territory governments weighed up the strain on both sides of the rental ledger and considered the broader economic context at the National Cabinet meeting in Brisbane next week. “We understand the community concern about rents rising at a much faster pace than we have historically experienced,” Ms Mercorella said. “In the decade prior to the pandemic, when we had healthier levels of supply, weRead More →

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

Contributed By: REIQ on

Almost a year after the State Government commissioned a review into the impacts of short-term rentals, the report summary has been released and is ‘entirely unsurprising’ according to the Real Estate Institute of Queensland (REIQ). The report concluded that short-term rentals were most prevalent in high-tourism coastal areas, and that short-term rentals have a limited impact on rental affordability. Importantly, the REIQ notes that Deputy Premier Steven Miles confirmed “The review found no clear alignment between the suburbs with the highest rent increases and the percentage of dwellings devoted to short-term rental. Instead, dwelling stocks emerged as the significant contributor to explaining rental prices.” REIQRead More →

In: Events, General Interest, Real Estate, REIQ

Contributed By: REIQ on

The REIQ Sales Conference equips agents with everything they need to succeed! Our expert speakers and panellists will help you take your career and business to the next level with insights into securing more listings and increasing sales in a challenging market. Our superstar keynote speaker Lauren Clemett has helped launch hundreds of global brands and will give you valuable advice on how to cut through the noise of an overcrowded market, get noticed and generate more leads. A standout line-up of presenters will give you practical information on everything from changing market conditions and digital marketing to technology and performance management plus more –Read More →

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

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) says consecutive lifts in the state’s quarterly residential vacancy rate is a promising sign that rental conditions are improving. The REIQ Residential Vacancy Rate Report for the June 2023 Quarter, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, and comes as the state-wide vacancy rate rose to 1.0% for the first time since December 2021. While the vacancy rate remains ‘tight’ (0 – 2.5%) across the vast majority of Queensland, over the June quarter it relaxed in 38 regions, held steady in three, and tightened in nine. REIQ CEO Antonia Mercorella said theRead More →

In: Facilities Management, General Interest, Landlords, Tenants, Renting and Management, Motels and Hospitality, Real Estate, The Management Rights Market

Contributed By: Mike Phipps Finance on

Does that bulletin title put the shivers up your spine or what ! The statement is mostly delivered with a feeling of foreboding by someone you love, fear, admire, respect…… whatever. When I hear it from the managing director, I assume a dire transgression and very very unpleasant consequences, even when I can’t recall doing anything wrong. My brain moves immediately to a state of terrified guilt from which I have no chance of countering the discussion to come. And that’s a shame because we really do need to talk. In this age of digital communication, I reckon we’ve lost the ancient art of effectiveRead More →

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