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In this episode, Frank and Trudy, Managing Director of Resort Brokers, are joined by Tim Crooks, Director of New Developments, to explore the ever-changing management rights industry in Australia. Together, they delve into the intricacies of off-the-plan management rights, their growth since the 2012 apartment boom, and how these developments have reshaped the Australian accommodation landscape.
Follow Resort Brokers:
https://www.instagram.com/resortbrokers/
https://www.facebook.com/ResortBrokersAustralia
https://www.youtube.com/@resortbrokersau
https://www.tiktok.com/@resortbrokersau
Follow Tim:
https://www.instagram.com/timcrooks_/
Work with Tim:
https://www.resortbrokers.com.au/
Timestamps:
00:00:00 - Introduction
00:02:05 - Evolution of the Off-the-Plan Management Rights Sector
00:04:42 - Educating Developers and Improving Agreements
00:06:45 - The Role of On-Site Managers and Community Dynamics
00:09:51 - Advice to Developers and Market Differences
00:13:55 - The Power of Personalized Communication
00:18:01 - Innovative Projects and Developer Collaboration
00:21:09 - The Role of Efficient Design in Modern Developments
00:24:38 - Future Predictions and Market Trends
00:29:10 - Key Projects and Achievements
00:32:36 - Expansion into Southern States
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In this episode, we introduce Professor Connie Susilawati and Josh Mangleson, who share their insights into Queensland's infrastructure and accommodation market. They discuss the impressive $100 billion infrastructure pipeline in Queensland and its potential impact on the industry, including the exciting possibility of high-speed rail.
The episode also highlights how Average Daily Rates (ADR) have plateaued compared to 18 months ago, while limited supply may help maintain occupancy levels and profitability. The conversation delves into the future of property prices, suggesting that while growth may slow, the market will continue to evolve.
As Season Two begins, this episode promises fresh perspectives on market trends, expert forecasts, and the compelling stories that shape Australia’s accommodation landscape. Tune in for an in-depth exploration of hotels, motels, caravan parks, and more!
Follow Resort Brokers:
https://www.instagram.com/resortbrokers/
https://www.facebook.com/ResortBrokersAustralia
https://www.youtube.com/@resortbrokersau
https://www.tiktok.com/@resortbrokersau
Follow Connie:
https://www.linkedin.com/in/connie-susilawati-74210b52/
Timestamps:
00:00:00 - Introduction
00:06:32 - Inflation and Its Impact
00:10:07 - Understanding Inflation
00:14:52 - Wage Growth and Inflation
00:22:24 - Future of Property Prices
00:24:02 - Historical Context of Interest Rates
00:27:00 - Infrastructure and Economic Growth
00:30:53 - Accommodation Market Trends
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Explore the intricate world of the Australian accommodation industry with Frank and Trudy on Checked In with Resort Brokers. In this episode, they delve into the complexities of management rights businesses and community title schemes. Special guests Kelley Rigby from Let's Prebuild and Rigby Property Group, along with Alex Cook from Resort Brokers and Orama, share insights on industry trends and challenges. Tune in to unravel the stories behind hotels, motels, caravan parks, and more in this ever-evolving landscape of the accommodation industry.
Follow Resort Brokers:
https://www.instagram.com/resortbrokers/
https://www.facebook.com/ResortBrokersAustralia
https://www.youtube.com/@resortbrokersau
https://www.tiktok.com/@resortbrokersau
Follow Kelley:
https://www.instagram.com/kelley.louise.rigby/
https://www.facebook.com/kelley.falcke.1/
https://lettsgroup.com.au/
Timestamps:
00:00:00 - Introduction
00:01:36 - Kelley Rigby's Journey in the Management Rights Industry
00:06:48 - The Role of Onsite Managers in Strata Communities
00:14:33 - Impact of Market Trends on Management Rights
00:20:09 - Educating Owners and Managers
00:27:54 - Collaborative Industry Practices
00:31:02 - Business-Only Management Rights
00:32:23 - Resilience of the Management Rights Industry
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Join Frank and Trudy on Checked In with Resort Brokers as they delve into the world of Australian accommodation industry. In this episode, they are joined by Georgina Bishop, a seasoned professional who recently sold her management rights in Newstead. Georgina shares her insights and experiences from managing her business for 13 years as a single mom. Tune in for expert predictions, market trends, and personal stories that make up the fabric of the accommodation industry.
Follow Resort Brokers:
https://www.instagram.com/resortbrokers/
https://www.facebook.com/ResortBrokersAustralia
https://www.youtube.com/@resortbrokersau
https://www.tiktok.com/@resortbrokersau
Timestamps:
00:00:00 - Introduction
00:05:17 - Flexibility and Work-Life Balance in Management Rights
00:06:14 - Importance of Processes and Tools
00:13:24 - Adding Another Property: Lush
00:16:27 - Changes in Body Corporate Dynamics
00:20:19 - Visibility and Availability in the Complex
00:24:28 - Importance of Pre-Planning for Business Transfer
00:32:47 - Challenges and Realities of the Industry
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Join Frank and Trudy on Checked In with Resort Brokers as they delve into the Australian accommodation industry. In this episode, they sit down with Trudy's father, Ian Crooks, the Chairman of Resort Brokers, and his friend, Malcolm Hall-Brown, a developer with diverse expertise. Discover the evolution of property developments, the acceptance of the lease concept, and the importance of recognizing multiple assets in the industry. Gain insights and pearls of wisdom for those navigating this dynamic field. Tune in to explore market trends, personal stories, and valuable lessons from these industry veterans. Welcome to Checked In with Resort Brokers!
Follow Resort Brokers:
https://www.instagram.com/resortbrokers/
https://www.facebook.com/ResortBrokersAustralia
https://www.youtube.com/@resortbrokersau
https://www.tiktok.com/@resortbrokersau
Timestamps:
00:00:00 - Introduction
00:01:35 - Background of Ian Crooks and Malcolm Hall-Brown
00:04:24 - Market Cycles and Economic Challenges
00:05:07 - Surviving Tough Economic Times
00:07:25 - Raby Bay Development Story
00:08:31 - Early Relationship Between Ian and Malcolm
00:15:09 - Early Days of Motel Leasing in Australia
00:25:29 - Advice for Industry Professionals
00:28:19 - Technology's Impact on the Industry
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Join Frank and Trudy on the inaugural episode of Checked In with Resort Brokers as they delve into the fascinating world of the Australian accommodation industry. From discussing the challenges and opportunities faced by small owner-operator businesses to exploring dynamic pricing and the impact of first home buyer grants on letting pools, this podcast promises to guide you through the ever-evolving landscape of hotels, motels, caravan parks, and management rights. Get ready to uncover market trends, expert predictions, personal stories, and valuable insights in this exciting industry journey.
Follow Resort Brokers:
https://www.instagram.com/resortbrokers/
https://www.facebook.com/ResortBrokersAustralia
https://www.youtube.com/@resortbrokersau
https://www.tiktok.com/@resortbrokersau
Timestamps:
00:00:00 - Introduction
00:02:33 - Stories of successful business owners
00:05:28 - Australian accommodation industry insights
00:07:27 - Low barrier to entry
00:11:30 - Management rights industry insights
00:15:30 - Small business consulting and relationships
00:16:49 - Using the right people
00:22:07 - Brisbane housing market challenges
00:25:19 - Buying businesses strategically
00:29:10 - Business cycles and rapid changes
00:30:28 - Amazing woman fit-out trends
