Management Rights

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In: The Management Rights Market

Contributed By: Nick Buick on

It’s been a HECK of a year for Resort Brokers in 2023. The firm is going from strength to strength with a swag of accolades bestowed upon them at the podium this year. They (Namely, Alex Cook) claimed the ARAMA TOP Award for 2023, in October they were on the stage again claiming THE Award as voted by onsite managers for their 5th year running (an achievement that borders on boring at this point), and last Saturday I was thrilled to see Alex Cook of Resort Brokers take out the REIQ Awards For Excellence. This was indeed an interesting (albeit well deserved) turn-of-events for the ResortRead More →

In: Facilities Management, Motels and Hospitality

Contributed By: Nick Buick on

Titans of Management Rights, Steven West and Marisa Millane have joined forced to create a Management Rights training institute: Ottro Management Rights Academy. Set up with the goal of providing entrants with the skillset necessary to flourish within Queensland’s highly unique management rights industry. It’s a bold, ground-breaking, and much needed venture to help upskill those who seek to work within this vibrant and exciting industry. Watch the introduction video to find out more or go to ottro.com.au . Enrol today!Read More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

The Managing Director and I recently returned from a sojourn to Canada and Alaska. Our mission, as I’m sure some of you will appreciate, was to use some Covid cancellation credits and continue our plan to spend every last cent before we fall off the twig. Hmmm, Covid credits. Whatever happened to Covid? We seem to have gone from being locked in our houses clinging to our last square of toilet paper with the stormtroopers outside to no longer being too worried about the dreaded plague. Talk about mass hysteria. Might be lessons in all that for the current wailing over other expected catastrophic crises,Read More →

In: Events

Contributed By: TheOnsiteManager on

THE Awards 2023 went off with a bang! The bubbles were flowing, the live music and performances were show stopping and the dance floor was pumping! Congratulations to our very deserving winners, ·        Legal Hynes Legal ·        Accounting Holmans ·        Relief Management 1 Solution Management ·        Finance Mike Phipps Finance ·        MR Brokering: Resort Brokers ·        MR Broker Greg Jorgensen of MRB ·        Manager Of The Year Shay Harrison of Terraces on the Park Thank you to all who were involved. Especially to the amazing sponsors who made the entire event possible. Holmans – https://holmans.com.au/ HiRUM – https://www.hirum.com.au/ Schindler – https://au.schindler.com/en.html BCSystems – https://www.bcsystems.com.au/ Mike Phipps Finance – https://mikephippsfinance.com.au/Read More →

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: ARAMA

Contributed By: ARAMA on

In uncertain economic times it’s never been more beneficial for a strata scheme to have a resident manager. It has been proven time and time again that resident managers save a scheme money and provide much better service than any outside source. But in an age when trades are now routinely charging $100 an hour or more – and that’s if you’re lucky enough to find one to do the work – a good on-site building manager has become the one-stop shop for all maintenance needs and repairs. Resident managers are on a fixed contract with their body corporates and on average are receiving about $45Read More →

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 →

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