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REIQ Journal : October 2008
Contents 1 REIQ VISION STATEMENT: To be the State’s peak real estate organisation universally recognised for its leadership of the industry and its relevance to real estate practitioners, governments and the community. FEATURE Chairman: Peter McGrath Directors: Pam Bennett, Deborah Duffy, Patricia Evatt, Ken Jackson, Anne Lindsay, Jonathan O’Brien, Brian Stewart Managing Director: Dan Molloy The REIQ Journal is published by The Real Estate Institute of Queensland Ltd ABN 49 009 661 287 PO Box 1555, Coorparoo DC Qld 4151 21 Turbo Drive Coorparoo Ph: (07) 3249 7347, Fax: (07) 3249 6211 www.reiq.com.au Editor: Lauren Cameron, Phone (07) 3249 7300 Email: email@example.com Deputy Editor: Nicola McDougall, Phone (07) 3249 7302 Email: firstname.lastname@example.org Design: Lynne van den Ende, Phone: (07) 3249 7300 Email: email@example.com Advertising: Phone (07) 3249 7303 Email: firstname.lastname@example.org Selected photographs: Tracy Jayne Photography Articles printed and opinions expressed in the REIQ Journal do not necessarily reflect the views of the REIQ. All statements are believed to be true and accurate, but cannot be guaranteed and no liability will be accepted for any error or omission. Information appearing in the REIQ Journal may not be reproduced without the written permission of the Editor. Advertisements must comply with the relevant provisions of the Trade Practices Act 1974 and other relevant legislation. Responsibility for compliance with legislation rests with the person, company or advertising agency submitting the advertisement. Neither the REIQ nor any of its employees accepts responsibility for advertisements. Advertising in the REIQ Journal does not necessarily reflect the views of the REIQ. © Copyright REIQ 2008. ISSN:1442-9683 PROPERTY MANAGEMENT 41 Routine inspections and best practice 45 Preventing negligence claims COMMERCIAL AND INDUSTRIAL 45 The impact of infrastructure on industrial property markets: Some elephants in the room REGULAR FEATURES 2 Industry news 2 From the Chairman 23 REIQ calendar 26 New REIQ accredited agencies & 60-day ready reckoner 28 The Journal Q & A with Gary McKay 38 economy is built on more than just coal and sunshine INDUSTRY PRACTICE 18 Obligations for real estate agents and auctioneers when selling non-residential vacant land LEGAL ISSUES 32 Permanent disqualification for agent 34 Compliance with the warning statement provisions of the PAMD Act INDUSTRY RESEARCH 38 Queensland property market resilient 18 REIQ Journal October 2008