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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 →

In: Insurance

Contributed By: Aon Insurance on

You’ve probably heard the term Business Insurance, but you might not know that it can have two meanings. Firstly, business insurance can refer to any insurance which is designed to cover businesses. More commonly though, Business Insurance can refer to a packaged insurance policy which is designed to cover your business and its assets & equipment against events like fire, storms, and theft. This policy is also known as a Business Insurance pack. If you are looking to take out a Business Insurance pack, here are 5 important points to understand to help ensure you’re not left with any gaps in cover.   A packagedRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) has welcomed the immediate support to sustain tenancies, but says there’s still a lot of work to be done to address housing supply, in response to the Housing Summit Outcomes Report released today. REIQ CEO Antonia Mercorella said the immediate financial housing support, to be released prior to Christmas, would come as a welcome relief to the Queensland community. “The $48.5 million towards housing support, including tenancy sustainment, loans and grants, will benefit the most vulnerable in our community by helping to keep a roof over their head and reducing cost-of-living pressures over Christmas,” Ms Mercorella said. “GivenRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

I’m the first to admit I don’t “get” crypto currency or the trading that seems to underpin the price. What I do get is that a company called Berkshire Hathaway and a bloke on it’s board called Warren Buffet have been making mostly sound investment calls for a while now. Mr Buffet has variously called bitcoin “rat poison squared” and stated that he wouldn’t buy all the bitcoin in the world for $25. So far as I can tell crypto / bitcoin / whatever is underpinned by a singular value proposition. It’s a proposition as old as time itself……..speculate and hope there’s a bigger mugRead More →

In: General Interest, Insurance

Contributed By: Aon Insurance on

A detailed look at Business Interruption and what it covers When you run a small business, there are a lot of things which can interrupt the day to day running – whether it be severe weather damage; a break and enter or even losing a piece of portable equipment. Going through events like these can be costly, and while you might have insurance to cover the cost of repairs or replacement; if your business is unable to operate and bring in revenue for a period because of an insured event, the lost income would likely further add to your financial challenges. Business interruption cover can beRead More →

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

Contributed By: REIQ on

If you manage a property with a swimming pool or spa in Queensland, you have a responsibility to make sure that the pool fence is compliant with the pool safety standard.  Compliant pool barriers help save lives by restricting young children from accessing swimming pools and spas. Property Managers have a vital role to play in protecting young children who reside in or visit the properties they manage. When inspecting a property with a pool or spa, it can be helpful if you know what to look out for. Make sure: – all climbable objects are at least 900mm away from the barrier on the outside – minimumRead More →

In: Insurance, Real Estate

Contributed By: Aon Insurance on

Common claims in real estate, and how to remain diligent The real estate industry has never been known as uneventful. Whether it’s changing interest rates, legislation and rental reform, or even technological developments, it’s an industry that is used to seeing change. The one constant that remains present though, regardless of the developments in the industry, is the risk of having an allegation of professional negligence against you. Whether it’s property mismanagement, misrepresentation or underquoting, the nature of the work you do can sometimes be subject to some serious complexities. While you might think nothing will happen to you because you are careful, the truthRead More →

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

Contributed By: Geoff Ellis - North Queensland Management Rights on

I am pleased to announce the formation of North Queensland Management Rights specifically specialising in the sale and purchase of management rights in North Queensland. The mission is to offer services that are entirely focussed on our region – where the interests of our industry in this region are foremost and tailored to meet the needs of those within and seeking to join the rights industry in North Queensland. The reason for change? As with many things today technology removes any compelling reason why being attached to a larger SEQ based broking business offers any real advantage. And certainly, the cost of doing business isRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) says it’s a relief that the Queensland land tax regime was officially repealed with an amendment moved in Parliament yesterday. REIQ CEO Antonia Mercorella congratulated the state government for making the move to stop the controversial reform before it came into effect saying it was the right decision for Queensland renters, investors, and businesses. “From the outset, the REIQ led with strong opposition to this confidence-shattering regime,” Ms Mercorella said. “We feared the repercussions for our economy and the potential damage it would cause to residential and commercial rental relationships for a relatively insignificant gain. “Our concerns wereRead More →

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