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REIQ Journal : February 2010
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 Managing 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 adver tisements. Advertising in the REIQ Journal does not necessarily reflect the views of the REIQ. © Copyright REIQ 2010. ISSN:1442-9683 Front cover image courtesy of Brisbane City Council. REIQ Board Chair: Pamela Bennett Managing Director: Dan Molloy Directors: Paul Cur tain, Michael Davoren, Deborah Duffy, Patricia Evatt, Rob Honeycombe, Jonathan O’Brien, Brian Stewart 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 Managing Editor: Nicola McDougall Phone: (07) 3249 7302 Email: firstname.lastname@example.org .au Editor: Shonay Waters Phone: (07) 3249 7300 Email: email@example.com .au Editorial & Advertising: Emily Maher Phone: (07) 3249 7303 Email: firstname.lastname@example.org .au Design: Lynne van den Ende Phone: (07) 3249 7303 Email: email@example.com The REIQ Journal is proudly produced on paper manufactured under an ISO14001 Environmental Management Program, using bres from ed forests and audited sources. The REIQ Journal is printed with soy based inks. 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 12 Queensland: the Infrastructure State industry practice 16 Awards prompt employment contract review 18 The business of creativity 21 House mate - entering a co-owned mortgage agreement legal issues 31 Unfair dismissals: it’s a whole new ball game 33 The obligation to issue warning statements - Is the land in a “Residential Area” or not? industry research 36 Rental markets to tighten further in 2010 and 2011 prOperty ManageMent 42 QCAT representation 44 Buying rent rolls makes dollars and sense cOMMercial and industrial 40 Mandatory disclosure: start preparting now technOlOgy update 47 Top 10 tech trends for 2010 regular features 2 Industry news 27 The Journal Q&A with Michael Gapes 23 REIQ calendar 26 New accredited agencies and 60-day ready reckoner 36 31 16 12 REIQ Journal February 2010 1 Contents Contents
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