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The Management Rights Market

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

In: The Management Rights Market

Contributed By: Jane Garcia on

The Management Rights market seems to be at a crossroads of late. We’re seeing record levels of visitors coming to the site looking at management rights – July saw 38,000 visits and June (which is a day shorter of course) saw 37,000 – both months performing above our long-term average of around 35,000 visits. Despite this we logged 1,334 sales leads for July whereas June saw 1,474 sales leads (ie: telephone calls and emails) off a long-term average of 1500 enquiries a month. Traffic is trending up, but engagement is trending down at the moment, to me that signals a market sentiment that is curious, butRead More →

In: Legal, Real Estate, The Management Rights Market

Contributed By: Quartz Legal on

Understanding the A – Z of Management RightsEnsure a smooth sale of your Management Rights business with our comprehensive pre-sale legal report! IndependenceAs independent lawyers with no interest in the sale or purchase, we guarantee an unbiased and impartial review of your agreements. You can be assured that we look at the agreements with complete independence. An Industry First We have observed a recurring issue: buyers and sellers investing significant time and money only to have sales fall through or be delayed due to legal issues uncovered during legal due diligence. This insight led us to a revolutionary idea: why not resolve these potential issuesRead More →

In: Legal, The Management Rights Market

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 →

In: General Interest, The Management Rights Market

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 →

In: General Interest, The Management Rights Market

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 mikeof@mlrservices.com.au0418 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 →

In: The Management Rights Market

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 →

In: Real Estate, REIQ, The Management Rights Market

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 →

In: General Interest, Real Estate, The Management Rights Market

Contributed By: John Miller, Resort Brokers on

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 →

In: General Interest, Real Estate, The Management Rights Market

Contributed By: John Miller, Resort Brokers on

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 →

In: Real Estate, REIQ, The Management Rights Market

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 →

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