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REIQ Journal : December January 2009
2 Industry News FROM THE CHAIRMAN Peter McGrath, Chairman Would you like improved productivity and profits for your property management division? In a changing property market a strong rent roll and efficient property management division can be the key to ensuring your ongoing stability and ultimate success as an agency. REIQ are proud to launch an innovative new consultancy service for the exclusive benefit of REIQ accredited agencies. An REIQ property management expert will work with you to build your rent roll, improve your efficiency and manage your risk. We will help you: Review the quality of the services you currently provide; Identify and maximise new business opportunities; Assess and improve performance; Protect your financial asset; and Implement risk management strategies. This one-day consultancy service will be one of the best investments you will make in the future productivity and profitability of your agency. For a low introductory fee of $550 (including GST) you will have a targeted and confidential consultancy specifically tailored to your business. You will receive a detailed report and recommendations to improve the performance of your property management division. To find out more about how your agency could benefit from this service, contact Nick Brown on (07) 3249 7379 or firstname.lastname@example.org REIQ Journal December 2008/January 2009 The Queensland summer is well and truly upon us and many parts of Brisbane and the coast have already seen the brutal vengeance of summer storms. With the promise of more wild weather to come and a risk of bushfires in Queensland at this time of year, it’s timely for property managers to review their disaster response systems. Ensuring landlords are appropriately insured and tenants’ emergency needs are met will be of paramount importance, but agencies should also consider appropriate systems are in place for their own operations. Following the highs of 2007, agents across the State have reported ongoing trading difficulties in 2008 as consumer confidence has taken a blow. Early indications suggest we will see much of the same in the first half of 2009, with the market likely to see a rollercoaster of good and bad periods. However, these market conditions, which are unlike any experienced in Queensland in recent years, will present opportunities for agencies, as well as for buyers and sellers. The challenge is to remain focused on finding new opportunities and maximising those that present themselves. Throughout this year, each edition of the REIQ Journal has provided readers with excerpts from Deeds, Dreams and Dedication: A History of the REIQ. This wonderful commemorative celebrates the remarkable changes in the Queensland real estate industry over the last 90 years since the Institute was formed. It’s been described as a “must-read” for anyone in the industry and would make a delightful Christmas gift for staff or clients. By the time this edition of the REIQ Journal reaches members, the Christmas Present drive for the Department of Child Safety will be almost wrapped up! The overwhelming generosity of our industry has been a key factor in the success of this appeal and I extend my gratitude to each and every person who made a contribution. Christmas is a time for families, and this appeal brings joy to some of Queensland’s most deserving children at this special time of year. While 2008 has been a year of challenges, I encourage all of you to use the upcoming Christmas period to reflect on your ‘wins’, consider the opportunities, and focus on your goals for 2009. Take time out to relax and recharge, and anticipate all that the new year will have to offer. On behalf of the board of directors, I wish each of you a very happy and safe Christmas with your loved ones. Peter McGrath CHAIRMAN