Fairfax retracts after "Media Ambush"

In November this year the Sun Herald reported that Joel Hollis, the Principal of Ray White Concord, was fined $3000, in an article talking of "dodgy agent caught by crackdown by Office Fair Trading".

Ray White Corporate wishes it to be known that they believe Joel had been unfairly ambushed and subjected to media coverage resulting in punishment incongruent with the clerical error he had made.

Ray White Corporate has obtained from Fairfax a commitment to print a new article, same prominence and position, explaining that the individual was not a dodgy agent, his Real Estate licence and Corporation licence for Ray White Concord were fully paid up and current, although he was correctly fined because his other Corpoation licence, for Hollis Residential, had not been renewed.

Dilapidation Reports around Construction Sites

On behalf of Uniting Care, structural engineers are carrying out dilapidation reports on all properties around the planned 41 Unit Development between Hannah Street and Copeland Road.  Some of our tenants and owners are concerned about these surveys.  The idea is that owners need to be able to prove that any cracks found AFTER the adjacent building completes were not there before.  Conversely the builder is entitled to be able to show that such cracks were pre-existing, and not caused by the building activity.

At the tenant's request, Ray White Beecroft recently escorted one of these engineers through a property we manage, and the engineer thanked us for our prompt assistance, saying that many agency PM departments are not so cooperative!

RBA Cuts Interest Rate

As expected, the RBA cut interest rates another 0.25% today.