2011 REIA

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					       real news
The official newsletter for the real estate profession - Issue105

REIQ property search
website launched this week
The Real Estate Institute of           properties to buy or rent in
Queensland (REIQ) has this             Queensland.
week released a new
website with the exciting
                                       More comprehensive                            Landlord insurance
                                       information to assist those
addition of the REIQ
                                       buying, selling or renting
                                                                                  that protects your pocket
Property Search.
                                       property in Queensland has                 Terri Scheer is Australia’s leading landlord insurance
REIQ Property Search is a              also been included.                        specialist.
Queensland-based listing               REIQ have created the site                 Our policies can protect you and your clients from
portal featuring properties            with the goal of delivering                risks caused by tenants that standard building,
from REIQ accredited                   valuable knowledge and                     home and contents insurance may not cover.
agencies.                              resources that the industry                Best of all, Terri Scheer ensures that you and your
Over the coming weeks,                 has come to expect from the                clients are not out of pocket if tenants default or
make sure you take the time            REIQ.                                      cause damage.
to have a look at the site and         To view the new site,                      Contact Terri Scheer today on 1800 804 016 or on
search for potential                   click here.                      
                                                                                  Benefits for Landlords
                                                                                    Protects against malicious tenant loss or damage
                                                                                    Protects against accidental tenant loss or damage

            2011Awards for
                                                                                    Protects against loss of rent
                                                                                  Benefits for Property Managers
                                                                                    Protects management fees

                                                                                    Protects client relationships
                                                                                    Managing property is easier

                                                                                  To find out more go to

                                                                                  Australia’s Leading Landlord Insurance Specialists
                                                                                  Landlord Insurance provided by Terri Scheer Insurance Pty Ltd ABN 76 070 874 798
                                                                                  AFSL 218585 (distributor) and Vero Insurance Ltd ABN 48 005 297 807 AFSL
                                                                                  230859 (issuer). Please consider the Product Disclosure Statement before making
                                                                                  any decision regarding this product. Contact us on 1800 804 016 for a copy.

 Real Estate Institute of Australia I 16 Thesiger Court Deakin ACT 2600 I 02 6282 4277 I I
                                                                                  What can Aon offer you?

       real news
                                                                                  Aon has provided insurance
                                                                                  solutions to the real estate industry
                                                                                  Australia wide for more than 30
                                                                                  years. Our insurance responds to
                                                                                  market trends and changing
                                                                                  government regulations, and
The official newsletter for the real estate profession - Issue105                 protects your reputation and
                                                                                  business in our increasingly litigious
                                                                                  society. So what products and serv-
ABS Lending Finance, December 2010                                                ices can Aon offer you?
The total value of owner occupied housing commitments                             Landlord Insurance
excluding alterations and additions rose 1.4% in trend terms                      Through our extensive experience
and the seasonally adjusted series rose 2.3%.                                     in the real estate industry, Aon
                                                                                  pioneered an insurance package
The seasonally adjusted series for the value of total personal                    especially to protect property
finance commitments fell 0.2%. Fixed lending commitments fell                     investors (landlords), backed with a
0.4% and revolving credit commitments fell 0.1%.                                  dedicated claims service team.
The seasonally adjusted series for the value of total commercial                  Professional Indemnity
finance commitments rose 3.3%. Revolving credit commitments                       In this heated property market it’s
rose 9.7% and fixed lending commitments rose 0.5%. The trend                      not hard for a busy real estate agent
series for the value of total lease finance commitments fell 0.2%                 to make a mistake. If a claim is
and the seasonally adjusted series fell 8.7%.                                     brought against you, you could end
For further information, click here.                                              up paying with your business,
__________________________________________________                                personal assets and your
                                                                                  reputation. Aon’s professional
                                                                                  indemnity insurance enables you
The future of economic reform                                                     to defend such claims and protect
                                                                                  your assets and your professional
COAG has this week announced a decision to commence                               reputation.
development of a future deregulation agenda and to bring
forward the completion of the current Seamless National                           Working as an Aon Distributor
Economy (SNE) process by six months to the end of 2012.                           Becoming an Aon insurance
                                                                                  distributor enables you to offer your
The current SNE agenda covers 36 areas of reform,                                 clients all of Aon’s residential
including 27 business regulation reforms, eight areas of                          property insurances including
competition reform and ongoing reforms to improve processes                       income protection and contents
for regulation making and review.                                                 insurance for landlords and home
Minister for Finance and Deregulation, Senator Penny Wong,                        and contents insurance for owner
said the Business Regulation and Competition Working Group                        occupiers.
(BRCWG) - which she co-chairs with the Minister Assisting on                      For further information, call your
Deregulation, Senator Nick Sherry - was well placed to meet the                   local Aon representative on 1300
new completion targets and to take on added challenges.                           734 274 or visit our website at
The response, as well as the BRCWG Report Card on                       
Progress of Deregulation Priorities can be accessed by                            The information in this article is of a general nature only and individuals
                                                                                  should consider their own circumstances before proceeding in reliance
clicking here.                                                                    on such information. Whilst care has been taken in preparing this article,
                                                                                  and the information contained in it has been obtained from sources that
                                                                                  the Aon Group of Companies (Aon) believe to be reliable, Aon does not
                                                                                  warrant, represent or guarantee the accuracy, completeness or fitness
                                                                                  for purpose of that information. Aon accordingly accepts no liability for
                                                                                  any loss resulting from the use of the information in this article.

 Real Estate Institute of Australia I 16 Thesiger Court Deakin ACT 2600 I 02 6282 4277 I I
                                                                                  Find your REI
                                                                                  REIA has seven members, these
                                                                                  members are the state and territory
                                                                                  Real Estate Institutes.
                                                                                  Your state or territory body can assist
                                                                                  you with information which is relevant

       real news
                                                                                  to being an agent in your state or

                                                                                  For contact details, see below:
                                                                                  16 Thesiger Court Deakin ACT 2600
The official newsletter for the real estate profession - Issue105                 Tel: 02 6282 4544
February 2011 ACCI Small Business Survey                                          21 Turbo Drive Coorparoo QLD 4151
                                                                                  Tel: 07 3249 7347
The February 2011 ACCI Small Business Survey found that                 
the divergence in business conditions between small and other
sized businesses, first noted six months ago, worsened in the                     REINT
December quarter, against the backdrop of recent interest rate                    Unit 3/6 Lindsay Street Darwin NT
rises and the ongoing European debt crisis, to be at a record
                                                                                  Tel: 08 8981 8905
high for the indexes of Business Conditions and Sales
The index of Small Business Conditions deteriorated further                       215 Hay Street Subiaco WA 6008
from 44.5 to 42.0 over the December quarter, eight points below                   Tel: 08 9380 8222
the important 50 level. The survey suggests that Australia’s two        
track economy is not just about the mining and non-mining
sectors but also about the conditions facing small business                       REISA
                                                                                  249 Greenhill Road Dulwich SA 5065
relative to larger companies.
                                                                                  Tel: 08 8366 4300
For further information, click here.                                    
__________________________________________________                                REIV
                                                                                  335 Camberwell Road
Exposure Draft - National Consumer Credit                                         Camberwell VIC 3124
                                                                                  Tel: 03 9205 6666
Protection Amendment                                                    
On 12 December 2010, the Deputy Prime Minister                                    REIT
announced the Competitive and Sustainable Banking System                          33 Melville Street Hobart TAS 7000
Package.                                                                          Tel: 03 6223 4769
These exposure draft regulations are part of this package,
and set out the proposed amendment to the National Credit
Code to ban exit fees on new home loans from 1 July 2011.
Interested parties are invited to comment on the draft                            REIA CONTACT DETAILS:
                                                                                  16 Thesiger Court Deakin ACT 2600
For further information about making a submission,                                Tel: 02 6282 4277
click here.                                                             

Next week:              Don’t miss out on your tickets for the 2011 REIA National Awards for Excellence

 Real Estate Institute of Australia I 16 Thesiger Court Deakin ACT 2600 I 02 6282 4277 I I