An industry on the move

Purchasing management rights has become a highly specialised process. The legislative, demographic, and trading dynamics of the industry have changed rapidly since the mid-1990s. Factors such as the renewal of inner-city areas, development of coastal resorts, changes in the makeup of households, an ageing population and the influx of international students have segmented the industry into niche markets.

The business of providing caretaking and letting services within a strata scheme is a dynamic and ever changing role. Accurate research and specialist advice are crucial in order to maximise opportunities and effectively engage with the industry.

Learn from industry experts

Suncorp have developed the expertise of their Management Rights Specialists through frequent contact with the people who buy management rights and the people who advise them – their lawyers, accountants, brokers and industry bodies.

We then combine this knowledge gleaned with a comprehensive consideration of all aspects of the process. When the decision to proceed is made, you will have the certainty and flexibility in your financial arrangements to move smoothly through negotiation stages, to ownership, and beyond.

Growing together

Helping our customers grow their businesses has helped us grow ours. Over the past 100 years, we have become one of Australia’s top 20 companies. Suncorp now ranks as the nation’s sixth largest bank and third biggest general insurance group.

Following the acquisition of the Promina Group in March 2007, the Suncorp group reported the following data:

• $73 billion in assets
• 17 000 employees
• 442 branches, agencies and outlets in Australia and New Zealand
• 8 million customers