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The Body Corporate Administrative Fund Explained

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A body corporate must have an administrative fund if is registered under the Standard, Accommodation, Commercial or Small-Schemes modules. Schemes registered under the Specified Two-lot Schemes Module do not need formal administrative budgets. They can, though, agree on certain body corporate expenses to ensure good financial planning. Money paid into the fund The body corporate […]

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COVID-19 tenancy update

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The Queensland Government acted quickly to legislate its COVID-19 response for residential tenancies. We implemented the National Cabinet agreed 6-month moratorium for rent arrears caused by COVID-19 impacts between 29 March and 29 September 2020. Changes from 30 September 2020 Some of the temporary protections for Queensland tenants and property owners will change from 30 […]

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Changes to BCCM Regulation – What You Need to Know

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  On the 29 September 2020 new BCCM Regulation Modules were published that will commence on 1 March 2021. This will include the following Regulation Modules:-   2 Lot Schemes, Small schemes, Standard, Commercial & Accommodation. These new regulations relate primarily to recommendations made by the QUT about body corporate procedural issues and have been […]

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House prices fall by 2 per cent across Australia during June quarter: Domain House Price Report

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House prices have fallen nationally by just 2 per cent over the last March-to-June quarter in a sign that government stimulus measures are managing to counter much of the COVID-19 drag. At a time when unemployment is rising and household incomes are shrinking, the latest Domain House Price Report, released Thursday, shows a glimmer of hope that the […]

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Home Builder Grant

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HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations. You will be able to apply for HomeBuilder when the relevant State or Territory […]

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The New HomeBuilder Grant Has Been Green Lit

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Home builders, renovators offered $25,000 grants in federal government package Australians will be offered $25,000 grants to build a new home or start a major renovation under near-$700 million federal government housing package in a bid to boost the economy and act as a lifeline to the home construction industry. The government announced the $688 […]

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Qld Government Covid 19 Info For Agents & Property Managers

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For agents and property managers The Queensland Government through the RTA is providing important information about the state-specific responses to supporting the residential rental sector. In response to COVID-19, we have introduced a range of measures to support the residential rental sector: tenants in financial distress due to the impact of the COVID-19 who cannot meet […]

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Rental Market Outlook

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Source: Michael Matusik from https://matusik.com.au – May 19th 2020 Much has been written – with little doubt more to come – about the Australian rental market of late. The themes most discussed include the potential impact of eviction and rental increase bans; the fall in international student numbers and their effect on rental demand; the […]

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Everyone Matters in Real Estate: REIQ Demands Recognition for Landlords

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REIQ: By Olivier Björksäter-Bleylock The Real Estate Institute of Queensland (REIQ) has launched its latest industry campaign, Everyone Matters in Real Estate, targeting the Queensland Government and its proposed Special COVID-19 Protections for Residential Tenants and Owners. The REIQ is calling on Premier Annastacia Palaszczuk to reconsider aspects of the proposed measures and to create a […]

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