by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
REIQ Journal : March 2010
WORKPLACE RELATIONS - REAL ESTATE REAL ESTATE EMPLOYERS • Commission-only? • Contractors? • What to pay? When to pay? • Agreements? • Industrial awards? • Record-keeping obligations? • Terminate – without being sued! Real Estate Employers’ Association Looking After Yo u Bruce Siebenhausen (REEA Secretary/Treasurer) 0411 208 794 firstname.lastname@example.org Your Industry – Your Future – Become a REEA Member TODAY – www.reea.org.au AGREEMENT BUILDER by REPSA EMPLOYEES – SALES & PROPERTY MANAGEMENT • What are your entitlements? • Have your employment contract checked BEFORE you sign! • Protect your commission when you resign! • What if you’re fred? • What if the boss won’t pay? • Recover allowances, commissions, wages! • “It won’t happen to me!” PSAQ Membership www.psaq.com.au 07 3841 6977 / PSAQ offce Contact To m French (PSAQ Member Services): 0419 787 526 Tom.French@psaq.com.au The only “real estate” employee union in Queensland. • Highly-Customisable Employment Contracts pedby&for estate’ people Online 24/7 • User-friendly • Cost-effective • Multiple options mployees & ractors , administration, clerical, property management Subscribe NOW www.repsa.com.au Real Estate Personnel Solutions Australia Pty Ltd split between owner occupation and investment purposes. This is the fourth consecutive year the UK has been the largest foreign buyers of residential property in Queensland. The Sunshine Coast was the preferred local authority for UK buyers with $14 million being spent in this area across 30 transactions. Of these 30 transactions, 18 (60 per cent) of them were for investment purposes and the remainder for owner occupation. The Sunshine Coast was followed by Brisbane city $13.3 million and $12.9 million on the Gold Coast. Gold Coast remains top foreign investment location The Gold Coast remains the overall favoured local authority by foreign buyers in Queensland and has been for the 19 years this research has been undertaken. In line with the Queensland gures, the Gold Coast has seen a decline in the number of property transactions to foreign buyers, along with the amount of spending. Of the $407.7 million spent across Queensland, $185.1 million or around 45 per cent of it was transacted on the Gold Coast over 387 properties. Of the $185.1 million spent, South Africa has taken the lion's share of this and emerged as the top foreign buyers of residential property on the Gold Coast. South Africans spent $23.1 million over 65 transactions during 2008/09. This is the largest amount South Africans have spent on residential property over the 19 years of this research. Over the last 10 years, South Africans have spent a total of $104.9 million on Gold Coast property. The $23.1 million spent during the 2008/09 year is the largest amount spent over a 12-month period and is around 25 per cent of what has been purchased over the last 10 years. Following South Africa was Japan with a total amount spent of $21.9 million over 27 transactions, Russian Federation with $20.7 million across 43 transactions and China with $17.2 million over 35 transactions. QUEENSLAND RESIDENTIAL PROPERTY Total Foreign Investment REIQ Journal March 2010