Search results for “2012 - What A Year”

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Contributed By: Resort Brokers on

BIGGERA WATERS apartment complexes Harbour Quays and East Quays have joined the super league of Gold Coast management rights, with their caretaking and letting businesses and associated real estate selling in one line for close to $13 million. A syndicate of 10 local investors has bought the 363-unit Harbour Quays and 300-unit East Quays management rights portfolio in an off-market deal secured by Resort Brokers Australia for developer Emandar Group. Agent Alex Cook confirmed earlier reports that the sale price for the 10-building operation was in the $12 – $13 million range, including seven apartments and eight offices. “With 663 apartments in 10 buildings acrossRead More →

Contributed By: TheOnsiteManager on

Our friends at Resort Brokers invited me along to their industry seminar last night. They had guest speakers from Urbis and Bambrick Media and plenty of managers were in attendance. Was a great night, highly informative. Urbis presented first and had some interesting information and data analysis in relation to development through the CBD. The short of it was: Yes, lots of buildings have been completed recently, yes, downward pressure had been placed on rentals… but vacancy rates on new stock are still only at 1.6%, and new projects being completed have fallen off sharply with the remaining to be completed representing a much smallerRead More →

Contributed By: Hynes Legal on

Body corporate disputes can become very emotional things. This is the story of one of those. If there is one article you read this year from us, make it this one – because it is the most significant strata case in Queensland since the High Court’s decision on building defects. If you’ve spent any longer than five minutes in strata land, you come to realise that the single most important aspect of any body corporate is its requirement to act reasonably. We have written repeatedly about that, with the most recent newsletter here. In October last year, you may recall the story of a manRead More →