Contributed By: Mike Phipps Finance on

Rules are interesting. Some think the more rules the better while others subscribe to the school of discretionary decision making. I am a fan of some common sense latitude in most decision making processes, particularly those involving the individual merits of a finance application. It is true that many cry out for absolute certainty in all things finance. Problem is, hard and fast rules will inevitably gravitate to a lowest common denominator environment where we will all be compelled to walk as slow as our slowest borrower. Have a look at some of the people giving evidence at the banking commission and I would proposeRead More →

Contributed By: Short Punch & Greatorix on

Some time ago I published an article on what I thought was reasonable for a Body Corporate to request from a buyer of management rights, in considering whether or not a Body Corporate committee should consent to the transfer of management rights agreements to the buyer. This is an important issue, because under the Body Corporate and Community Management legislation, a Body Corporate committee must not unreasonably withhold approval to a transfer. Under the legislation, one of the matters which a Body Corporate committee may have regard to is the financial standing of the proposed transferee.  My opinion as expressed in my previous article wasRead More →

Airbnb is never far from the headlines, and many industry segments are clamouring for regulation. In June 2018 the NSW government announced severe restrictions on short stay accommodation. It remains to be seen how that will work in practice, and how Queensland will implement our own version. Hopefully the legislative response will be informed by the lessons learned from the regulation of ride sharing services such as Uber. Industry Concerns Body Corporates, owners, and on-site managers are justifiably concerned about the rising popularity of home sharing services, and other online accommodation booking platforms, for properties within Community Title Schemes. Naturally, I can’t condone “self-help” remediesRead More →

Contributed By: Chris Rowe of Accommodation Business Brokers on

Travel-based accommodation venues like Caravan Parks, Backpackers, Motels, Hotels and Holiday Resorts are in high demand across Australia. To ensure you receive the best price when selling your accommodation business and have a smooth experience from beginning to end, follow our recommended steps. PHASE 1: PLAN Step 1. Understand the value of your accommodation business Researching similar properties in your area will give you a rough indication of what your accommodation business is worth. But engaging an accommodation business broker early will help identify any strategic improvements that could have a significant uplift to your sales price. Step 2. Decide who will represent your saleRead More →

Contributed By: Calvin Bailey Management Rights on

Calvin Bailey Management Rights welcomes aboard Malcolm Thomson to take advantage of a renewed industry market in the Townsville to Mackay areas. Malcolm will handle CBMR sales in Management Rights, Resorts and Motels servicing the Hinchinbrook/Townsville to Airlie Beach Mackay areas. Increasing Business Confidence in the Region Townsville has enjoyed a pronounced shift in business confidence in recent times – and with the new $250m Super Stadium, the proposed Adani Mining Headquarters in the CBD, the new Sealink Terminal and the military undertaking cooperative training with the Singaporean Army, Townsville is set to thrive.  It is envisaged there will be a considerable increase in demandRead More →

Contributed By: Nick Buick on

Industry newcomer AccomProperties are making some fairly outlandish claims about their web portal of late. I came across this rather amusing banner-ad while browsing the internet recently: Of the 2 line heading, they managed to squeeze 2 arguably false claims into their ad… I’m actually impressed – but not in a good way. Claim 1: AccomProperties.com.au is “…Australia’s Leading Management Rights Portal…” That’s a mighty big claim for a website that’s been around for what… 18 months? To inject some reality back into the discussion: our management rights portal has been operational since 2005, turns over ~1 million dollars a year, logs over 25,000 visits perRead More →

Contributed By: Mike Phipps Finance on

Don’t it always seem to go That you don’t know what you’ve got til its gone They paved paradise And put up a parking lot… Joni Mitchell Big Yellow Taxi 1970. The story goes that Mitchell was inspired to write this tune on a trip to Hawaii. She threw open the hotel curtains to take in a mountain vista and was confronted by acres of concrete car park. We will come back to Joni later. This month’s dispatch comes to you from various locations in Switzerland and Italy where the managing director and I are taking in the so called holiday of a life time.Read More →

Contributed By: Wesley Venz. Principle of Venz Management Rights Buyers Agency on

In today’s world, we all want instant access to information, especially when you’re looking to buy. So why do some agents advertise management rights businesses with as little detail as possible? In some cases, even with no photos or generic images of a beach and a café. We all know what the beach and a café looks like! What about the actual location? You all want to know at least the name of the suburb, such as the awfully specific and informative ‘Greater Gold Coast’ or ‘Central Sunshine Coast’. Have you ever heard of these? Because I certainly haven’t! The Cambridge English Dictionary definition ofRead More →

Contributed By: Nick Buick on

We are thrilled to be hosting our first ever industry night on the 19th of October 2018. This will be a black tie affair where the winners of our Industry Recommended Professional program are announced and receive their industry excellence awards for 2018. The event is scheduled for Friday October the 19th in Cloudland’s exclusive Heritage Room (Capacity for 200 guests). It’s a spectacular venue and we’ve organised an open bar, light food, DJ, door prizes and give-aways, and of course a great chance to meet and mingle with your fellow onsite managers and industry associates. So far over half of our managers tickets haveRead More →

Contributed By: Think Management Rights on

Join us for an in-depth educational event on the Management Rights industry Date: 22nd September 2018 Time: 8:30am – 1:00pm Venue: The Osprey Room, Belise, 510 St Pauls Terrace, Bowen Hills QLD For Further Information and to book tickets visit: ManagementRightsQueensland.com.au Hear from Industry Experts; including: Michael Kleinschmidt, Legal Practitioner Director, Stratum Legal. Michael is the Director of Stratum Legal Pty. Ltd. a boutique law practice in Mooloolaba specialising in management rights.  www.stratumlegal.com.au. Hayden Rooney, Director, Reef Accountants. Hayden is the Director of Reef Accountants in Alexandra Headland.  A Chartered Accountant and Registered Tax Agent with a specialisation in the Management Rights industry. www.reefaccountants.com.au. Wayne Stoll, Agent,Read More →