Ask A Real Estate Pro: Condo Fees Could Rise - Sun Sentinel

AXA Real Estate Plans to Build Australia Offices as Demand Soars - Bloomberg





Im concerned that the association will raise our condo fees to cover this. Please tell me I dont have anything to worry about. Jerry A: Sorry, but higher fees are a distinct possibility. A condo or homeowners association essentially is a partnership of all the individual owners. They elect a board of directors to manage the community affairs. Its not much different than how citizens elect public officials. Your monthly maintenance dues are used for the care of the common areas, such as the pool, parking lots, roads and landscaping. Your dues also pay professional managers and attorneys to oversee the operation. The board of directors has to carefully consider its actions, because when your association spends or loses money, it really is every homeowner who is responsible for that loss. So just like when the government raises taxes to cover large expenses, your association will have to either raise your monthly dues or have a special assessment to cover the shortfall. For the original version including any supplementary images or video, visit http://www.sun-sentinel.com/business/realestate/house-keys-blog/sfl-singer-housing-questions-link-20140613,0,6898996.story









Investor demand for Australian offices hit record highs in 2013, cutting yields on prime assets by 50 basis points in Sydneys center and 70 points in downtown Melbourne since late 2009, CBRE Group Inc.s first-quarter Australia Office Marketview report showed. AXA Real Estate Investment Managers, a unit of Europes second-largest insurer, plans to develop office buildings in Australia after failing to acquire a second existing property in the country. Its becoming more and more competitive, Frank Khoo, head of Asia at Paris-based Axa SA (CS) s property division, said in an interview in Sydney. So one of the things were looking at is developing high-quality properties. Axa Real Estate will consider developments without tenant pre-commitments in markets where demand is strong, he said. Investor demand for Australian offices hit record highs in 2013, cutting yields on prime assets by 50 basis points in Sydneys center and 70 points in downtown Melbourne since late 2009, CBRE Group Inc.s first-quarter Australia Office Marketview report showed. For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2014-06-12/axa-real-estate-plans-to-build-australia-offices-as-demand-soars.html