The Management Rights Market

Buying Management Rights, Selling Management Rights, market outlook, etc

Contributed By: Jane Garcia on

Seeking clarity in management rights matters? Look no further!   Introducing Quartz Legal – not just another law firm, but your trusted adviser in management rights! With a deep understanding of the unique challenges faced by management rights clients, Quartz Legal is committed to providing robust, tailored solutions that prioritize Strength, Clarity, Transparency, and Integrity. Why use Quartz Legal?  Strength: Our team brings unparalleled expertise in management rights matters, ensuring that you receive the highest quality representation tailored to your specific needs.  Clarity: At Quartz Legal, we prioritize your needs and concerns, going above and beyond to deliver clear guidance and effective solutions, that safeguard your interests.  Transparency: WeRead More →

Contributed By: Jane Garcia on

We are excited to announce the launch of Hotel Resort Sales, the newest management rights sales agency on the Gold Coast. Directors Craig and Rebecca Johnson bring a wealth of knowledge and expertise to the field of management rights sales. Over the past decade, their commitment to the hospitality and accommodation industry has allowed them to build strong relationships with hundreds of management rightsvendors across the Gold Coast. Whether you are looking to buy or sell a management rights business Hotel Resort Sales is committed to ensuring your journey is seamless, well-informed, and successful. Driven by a passion for service and a commitment to deliveringRead More →

Contributed By: Jane Garcia on

Today we are talking about an essential aspect of managing your management rights business: Top-ups. Today we are going to hear from Mike O’Farrell from MLR Services who is going to share his top tips on how to streamline the Top-Up process and maximise your success. Meet Mike O’ Farrell Mike O’Farrell 193 708 After joining the management and letting rights industry in 1991, Mike has been actively involved in body corporate’s for many years. He understands the complexities of shared occupancy and has seen disputes between residents, contractors and bodies corporate escalate into financially disastrous situations. Mike established MLR Services to help residents,Read More →

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 →

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 →

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 →

ResortBrokers Director Alex Cook and Brisbane Broker Jeff Keast recently settled their sale of the management rights of Annexe Apartments for $8.3 million. The sale of the 81-apartment complex in the inner Brisbane suburb of Bowen Hills was the first large, short-let management rights to settle in the Queensland capital since Covid. The sale eclipsed ResortBrokers’ previous post-Covid management rights record of the 46-unit Manor Apartments Hotel in Queen St that sold for $6.3 million. A ResortBrokers Director since 2018, Cook specialises in large management rights transactions nationwide, particularly large, short-stay and off-the-plan developments. His previous landmark management rights deals include the sale of SoulRead More →

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has long-advocated for all levels of government to work together to do their part to end the housing crisis, and welcomed the renewed and incentivised housing targets set at National Cabinet yesterday. REIQ CEO Antonia Mercorella said it was particularly pleasing to see commitments from the Commonwealth to provide $3 billion in performance-based funding to states and territories that meet their housing targets. “The REIQ welcomes the additional incentive-based payments for states to deliver houses above the previous targets,” Ms Mercorella said. “Whilst the funding is welcome for the additional 200,000 homes above the previous target over theRead More →

The Federal Government’s latest thought bubble to propose national caps on rent increases to once every two years is economic lunacy, according to the Real Estate Institute of Queensland (REIQ). REIQ CEO Antonia Mercorella said it was imperative that state and territory governments weighed up the strain on both sides of the rental ledger and considered the broader economic context at the National Cabinet meeting in Brisbane next week. “We understand the community concern about rents rising at a much faster pace than we have historically experienced,” Ms Mercorella said. “In the decade prior to the pandemic, when we had healthier levels of supply, weRead More →

The Real Estate Institute of Queensland (REIQ) says consecutive lifts in the state’s quarterly residential vacancy rate is a promising sign that rental conditions are improving. The REIQ Residential Vacancy Rate Report for the June 2023 Quarter, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, and comes as the state-wide vacancy rate rose to 1.0% for the first time since December 2021. While the vacancy rate remains ‘tight’ (0 – 2.5%) across the vast majority of Queensland, over the June quarter it relaxed in 38 regions, held steady in three, and tightened in nine. REIQ CEO Antonia Mercorella said theRead More →