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Contributed By: Mike Phipps Finance on

Congratulations. You have read the title of this month’s missive and you are still with us. Well done. A less engaged reader would have switched off immediately and grabbed a copy of Who weekly. Surely more entertaining to learn that Brad and Angelina are splitting, and Prince Harry is in fact an alien. You couldn’t make that stuff up………! But I digress. Back in the day I worked for a bank and from time to time had the dubious pleasure of managing teams of people. I also had the even more dubious pleasure of being managed by a range of more senior but, in someRead More →


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Contributed By: Nick Buick on

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Contributed By: Nick Buick on

The Industry Excellence Awards went off in sensational style this year with a record 140 registered attendees! Everyone I spoke to had a great time and it was absolutely fantastic to see so many managers getting involved. We had 7 Categories this year – all finalists were determined by nominations from our 440 onsite building managers throughout the year, each manager getting one 1 nomination per category. The service provider with the highest number of nominations was crowed the winner. Here are the results: Legal Winner: Hynes Legal Finalists: Short Punch & Greatorix KRG Griffiths Parry Simpson Quinn Lawyers ABKJ Lawyers Sprankin Legal Small MyersRead More →


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Contributed By: REIQ on

The Minister for Housing and Public Works, Mick de Brenni has announced Stage 1 of proposed rental reforms that would significantly damage Queensland’s rental market and create the most onerous rental laws in the country. The REIQ strongly opposes the proposed reforms which are a slap in the face to every day ‘mum and dad’ property owners who provide the majority of housing to Queensland’s renters. If enacted, the law change would erode fundamental landlord rights and deter property investment across the state. The reforms’ ripple effect would see renters struggling to find suitable housing under already tight conditions. In a further blow to renters,Read More →


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Contributed By: Hynes Legal on

Have you ever wondered what happens when a lot owner starts short term letting and it affects the ability of the body corporate to get the required statutory insurance? If so, you might want to read this the story about a dispute between owners of a two-lot scheme in North Queensland and what an adjudicator decided about those particular circumstances. We have previously written about the statutory insurance requirements for bodies corporate. The facts of this insurance dispute were relatively simple. Beach Meet is a two lot scheme regulated by the Small Schemes Module One owner started short term letting via Air BnB The body corporate insuranceRead More →


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Contributed By: Nick Buick on

Never before has technology taken such an invasive knife to our privacy. It’s a well known fact that our smart phones and appliances track our every move, search, and even our conversations and share this information with “private” corporations like Google, Amazon, Facebook and Apple. The ATO will now demand granular data on all trading information and use advanced data-matching to identify anomalies and trigger audits. Banks and financiers these days pick through bank statements with a fine-tooth comb and if they feel an applicant takes too many overseas holidays, or spends too much on cosmetic surgery, may decline to offer them finance. We haveRead More →


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Contributed By: Nick Buick on

“So, how’s your vacancy rates these days?” I asked a manager who I’d popped in to visit for a quick chat. “Great, we’re almost full, and our two bedders fill faster than we can list them!” “Oh that’s excellent” “It is” she continued before pausing “there’s just this one listing I’m having a really hard time shifting…” She went on to explain she’d had this unit sitting vacant for over a month, the owner wanted two thousand dollars a week in rent. It was in a great area, it was a penthouse, it had incredible views and a stunning private rooftop terrace, but even so…Read More →


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Contributed By: Mike Phipps Finance on

“Value : A quality or idea that is considered important. The word value comes from the Latin Valere, which means: Be worth. Value is defined as the worth, usefulness or importance of someone or something.” Courtesy of Professor Google Value for money. I value our friendship. Value versus return. My personal values. Value of my personal wealth.  Valuations.  Loan to valuation ratio. Value of the dollar. Value of my time. Our corporate values. Value Value Value………………….it’s a blur but what does it really mean? I’m prepared to have a crack but first, a caveat.  Given that trying to discern value in its many forms is a bit like attemptingRead More →


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Contributed By: Short Punch & Greatorix on

A Townsville Management Rights operator has lost their management rights because of failure to comply with the BCCM Act.  On 10 July 2019 Adjudicator Barry declared that body corporate committee resolutions from 2015 consenting to the transfer of management rights were void… Accordingly, the current management rights operator did not own the management rights, despite having performed the caretaking duties, and having been paid for doing so, for almost 4 years. The Adjudicator’s decision was the latest in a line of decisions dealing with the management rights for Allure Apartments CTS 46322 in Townsville.  On 26 September 2018 another Adjudicator had declared the letting agreementRead More →


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Contributed By: TheOnsiteManager on

One of our core services at TheOnsiteManager.com.au is to assist managers selling properties within their complex. This is a vital service for managers as it allows them to grow and retain their letting pool, compete and guard against outside agents, and generate additional (and considerable) revenue through sales commissions. To this end, we provide all the tools, databases, contracts and paperwork needed by the manager. We also allow the manager to market the sale on all the major portals around the country. We don’t charge any commission (at all!) to do this which makes our service hugely popular with over 370 managers engaging our agencyRead More →