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Stamp duty relief welcomed; broader reform urged by REIQ
The Real Estate Institute of Queensland (REIQ) is welcoming a Bill before Parliament today that will abolish stamp duty on new builds and land for el
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Queensland real estate steadies, but set to ‘Spring’
Queensland’s rapidly rising residential property prices stabilised over the September 2024 quarter (July – September 2024), as a wave of Spring s
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Bulletin November 2024 – Happy Anniversary Baby!
It will come as a surprise to no one that the managing director and I have been indulging in a bit of travel lately. It’s all tax-deductible
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What Are Management Rights?
‘Management Rights’ or 'Management Letting Rights' (MRs and MLRs, respectively), are businesses concerned with the maintenance and management of community titled complexes. Management Rights consist of three components: The caretaking agreement to maintain the complex for the body corporate; The letting business allowing the manager to manage rentals within the complex; and The Lot which is the unit, car space, storage areas and office that are owned by the manager in which to reside and run their business. Essentially, a management rights is a business, and a house, combined.