Qld agent convicted for $1.2m misuse of trust funds
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A Sunnybank real estate agent has been convicted on two offences and now faces a nine-month term of imprisonment, suspended for two years.
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October 2024 Newsletter
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Newsletter snapshot:
NSW CPD update: Ballina Face-to-face, Upcoming Webinar training.
Industry updates: Some millionaires, some struggling: The fall-out of Adelaide's 50% property price hike, Myer family’s Melbourne mansion could sell for $100m+, Qld agent handed 10-year ban and $30k fine, Home prices fall in parts of Sydney as ‘buyer's market’ looms.
Job Opportunities!
Qld agent handed 10-year ban and $30k fine
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An investigation by Queensland’s Office of Fair Trading uncovered trust account failures dating back several years.
Read MoreSeptember 2024 Newsletter
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Newsletter snapshot:
NSW CPD update: Face-to-face AND Webinar training dates released!
Industry updates: Making renting fairer in NSW, New laws introduced to improve strata living.
Commercial Updates: Blue Mountains: 'rare' opportunity to invest at the Three Sisters, Airbnb boom hits a wall as landlords slash prices to lure tourists.
July 2024 Newsletter
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Newsletter snapshot
NSW CPD updates
Industry updates: Sydney defies gravity smashing out a fresh home price record, Homeowners warned of looming ban on dangerous renovation product, Why it’s a better time to buy a home right now, National Property Manager’s Day!
Job Opportunities: Exciting opportunity for a part-time Property Administration Professional, located on the Sunshine Coast! Interested? Reach out to Gillian Gatt: gillian.gatt@AusDN.org.au
June 2024 Newsletter
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Newsletter snapshot
Mothers Day Giveaway Winner Announced!!
Industry updates: Cheap rentals drying up in Townsville, 100 granny flats a week: Families turn to ‘instant’ housing solution
Commercial updates: Brisbane CBD tower being sold by DWS Group could trade for $112m.
On the road again! Stay tuned for our upcoming Face-to-face classes!
NSW CPD updates: NSW Class 1 and Class 2 licensees can now complete their training with us online!
November 2023 Newsletter
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3 November 2023
Newsletter snapshot:
Industry updates: NSW strata sector updates October 2023 // NSW Government introduces strata sector reforms, extends existing property services commissioner role // National Association of Renters' Organisations launches report on principles for strengthening renters’ rights.
Disciplinary action: Former Victorian estate agent convicted over illegal transfers of client funds // Victorian estate agent facing disciplinary action for poor conduct // Western Australia Consumer Protection urges tenants to report racist behaviour after agent reprimanded and suspended // NSW Fair Trading publishes results from underquoting compliance inspections, confirms $52,800 in fines issued.
Legislative changes: South Australian government clarifies further commitments to improving housing outcomes for tenants and prospective tenants // Bill introduced to amend South Australia's Residential Tenancy Act.
NSW CPD updates: NSW Class 2 and Class 1 licensees can now complete their CPD training with us online! Plus more face-to-face classroom CPD options!
WA CPD: WA agents, don’t forget to enrol in and complete your CPD by 31 December 2023!
October 2023 Newsletter
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3 October 2023
Newsletter snapshot:
Industry updates: Consumer Affairs Victoria warns against failure to audit trust accounts // Queensland Residential Tenancies Authority (RTA) continues to encourage tenants to enquire about outstanding bonds // Commercial news: Commercial real estate sector primed for strong growth in 2024, experts predict.
Disciplinary action: Victorian estate agent facing disciplinary action for poor conduct // Former Victorian estate agent convicted over illegal transfers of client funds // Western Australia Consumer Protection urges tenants to report racist behaviour after agent reprimanded and suspended // NSW Fair Trading publishes results from underquoting compliance inspections, confirms $52,800 in fines issued.
Legislative changes: Tasmanian agents, have your say on proposed changes to the Tasmanian Civil and Administrative Tribunal legislation by 4 October 2023.
NSW CPD updates: NSW Class 2 and Class 1 licensees can now complete their CPD training with us online!
September 2023 Newsletter
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1 September 2023
Newsletter snapshot:
Industry updates: NSW licensees in charge: Ensure assistant agents are qualified by March 2024 // NSW Continuing Professional Development (CPD) for multi-licence holders clarified.
Disciplinary action: Queensland Fair Trading charges Cairns real estate agent over 13 offences.
Legislative changes: Further reforms to rent bidding in NSW // Rent bidding illegal in South Australia from 1 September 2023 // New laws around minimum housing standards commence 1 September 2023 in Queensland.
Queensland Fair Trading charges Cairns real estate agent over 13 offences
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11 August 2023
Queensland Fair Trading has released a media statement on its website today, outlining an agent’s requirement to pay over $13,300 in fines and compensation after pleading guilty to a total of 13 charges laid by Fair Trading. The charges relate to trust account breaches and charging clients for unauthorised expenses.
Read MoreAugust 2023 Newsletter
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4 August 2023
Newsletter snapshot:
Industry updates: NSW Government announces change to temporary accommodation access support people in crisis // NSW Government introduces rental commissioner role // Queensland Residential Tenancies Authority reports over 114,000 outstanding bond payments // NSW stock agent news: Sheep and goat electronic ID grants open for saleyards and processors
Disciplinary action: Victorian agents hit with over $500k in fines for underquoting // Consumer Affairs Victoria commences action against agency for practising while unlicensed.
Legislative changes: NSW Government engages community consultation for further changes to rental laws // No-cause evictions to be banned in South Australia.
July 2023 Newsletter
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7 July 2023
Newsletter snapshot:
Site-wide discount to celebrate World Chocolate Day! 🍫
Industry updates: Over $300,000 stolen from WA real estate trust account by scammers // Update on NSW rent bidding ban compliance.
Disciplinary action: NSW real estate agent sentenced to two years imprisonment following 121 counts of fraud // Former Victorian estate agents representative banned from industry for 10 years, fined $2,500 // Former Victorian agent sentenced for misuse of over $100,000 in trust money.
Legislative changes: Rent bidding banned in South Australia // New laws around rent increase frequency for Queensland commenced 1 July 2023.
Feature blog: ‘Protecting your real estate business from scam activity and fraud’.
