2022 Annual General Meeting (AGM) Our AGM was held on 28 October 2022 at the Archers conference room in Cairns. It was attended by 20 lot owners with 90 owners pre-voting electronically. Not everybody agreed with the conduct of the chairperson, secretary and manager. 52 owners did not vote.
What went wrong?
It started in April 2016 when the Accommodation Module Regulations were changed to the Commercial Module Regulations.
(Rydges Hotels Limited wanted it that way before they agreed to manage the resort for the next 10 years).
Fat lot of good that did Rydges pulled out in 2017!
As an owner you are welcome to contribute to this newsletter, please submit to Chris at anytime.
Commercial Module Regulations (2008) state that Committee Elections must be conducted in the way decided by the body corporate by special resolution.
There was no special resolution for the 2022 AGM and it is doubtful there has ever been one for the previous five AGM's since the module change.
The Election was not conducted in accordance with the BCCM Act.
BCCM Act Schedule 5 Adjudicators Orders 7:
"An order declaring that a meeting of the committee for the body corporate, or a general meeting of the body corporate, is void for irregularity".
There was no special resolution for the 2022 AGM and it is doubtful there has ever been one for the previous five AGM's since the module change.
The Election was not conducted in accordance with the BCCM Act.
BCCM Act Schedule 5 Adjudicators Orders 7:
"An order declaring that a meeting of the committee for the body corporate, or a general meeting of the body corporate, is void for irregularity".
What is the benefit of having resident owners?
Do you remeber the damage at the central facility entrance. It was like that for years. Despite being asked by committee to "fix it" in 2019 the caretaker did not do anything about it. A few months later the caretaker was asked again.
It was fixed, in the end, by the resident committee member. Cost? $29 for tile glue and tile grout saving the body corporate hundreds of dollars and making the resort entrance respectable again.
The replacement paving programme stalled in 2018.
That didn't stop resident co-owners paying for new pavers by themselves saving the body corporate $4,774.
What is your villa worth?
Your villa could have doubled in value over the last 2 or 3 years? I first noticed this in stage 2. Some resident owners renovated where they were living and sold up. I remember one going for $250,000 in 2020 which might have been a record at the time. We went to a showing in stage 1 early in 2022 and the real estate salesperson was hopeful of $350,000. I think it went for $335,000 which was a record at the time. Then another one soon after for $341,500. What happened? Different agents, different locations within the resort. What was the common denominator? They were all renovations, really good renovations. These villas were really spectacular and mostly done by resident owners. The real estate salespersons loved them. Going from hard to sell to easy to sell. Of course there was demand for "rural" properties (Australia wide) and that was the other factor.
Resident owners tend to do gardening in the common property adjacent to their villas at no cost to the body corporate which is another benefit to all owners. STOP PRESS; A villa sold for $420,000 on 24 January 2023!
Do you remeber the damage at the central facility entrance. It was like that for years. Despite being asked by committee to "fix it" in 2019 the caretaker did not do anything about it. A few months later the caretaker was asked again.
It was fixed, in the end, by the resident committee member. Cost? $29 for tile glue and tile grout saving the body corporate hundreds of dollars and making the resort entrance respectable again.
The replacement paving programme stalled in 2018.
That didn't stop resident co-owners paying for new pavers by themselves saving the body corporate $4,774.
What is your villa worth?
Your villa could have doubled in value over the last 2 or 3 years? I first noticed this in stage 2. Some resident owners renovated where they were living and sold up. I remember one going for $250,000 in 2020 which might have been a record at the time. We went to a showing in stage 1 early in 2022 and the real estate salesperson was hopeful of $350,000. I think it went for $335,000 which was a record at the time. Then another one soon after for $341,500. What happened? Different agents, different locations within the resort. What was the common denominator? They were all renovations, really good renovations. These villas were really spectacular and mostly done by resident owners. The real estate salespersons loved them. Going from hard to sell to easy to sell. Of course there was demand for "rural" properties (Australia wide) and that was the other factor.
Resident owners tend to do gardening in the common property adjacent to their villas at no cost to the body corporate which is another benefit to all owners. STOP PRESS; A villa sold for $420,000 on 24 January 2023!
