New awards to showcase $55.5b management rights industry

Awards designed to showcase an industry generating $55.5 billion for the economy each year have been launched by The Australian Resident Accommodation Managers Association (ARAMA).

The inaugural 2019 ARAMA TOP Awards will celebrate the stakeholders instrumental to the strength and success of the management rights industry; from resident managers in short and long stay rental properties to sales brokers and service providers.

ARAMA CEO Trevor Rawnsley says the initiative will highlight the professional skills, experience and opportunities within the industry, as well as its economic significance.

“Around 38,000 people stay in resident managed accommodation in Australia daily and there is a thriving industry underpinning everything from the upkeep of properties to guest satisfaction,” said Trevor.

“It contributes more than $55 billion to Australia every year and we are lifting the industry’s profile by establishing high professional standards and showcasing our best operators to attract even more people to participate.”

‘Management rights’ is a business that a resident manager conducts in a property operating under a corporate, strata or community titles legislation.  The model is most suited to community title schemes, which currently accommodate 40 percent of Australians. 

As the peak body for the industry, ARAMA represents 2500 members nationally whose properties accommodate at least 30 million people annually. 

“The industry employs a significant number of people who either operate management rights directly or are associated with it and it continues to grow as more Australians live in community title schemes,” said Trevor.

“Management rights is the most effective method of serving the interests of unit owners, bodies corporate, tenants and guests and we exist to represent members and the industry as a whole.

“The ARAMA TOP Awards will be an important step in acknowledging the individual leaders contributing to the strength and success of the industry.”     

Awards include the Resident Managers of the Year (Short Stay and Long Stay), Sales Broker of the Year and Service Provider or Supplier Professional of the Year.

To nominate, visit the website  and download the ARAMA TOP Awards nomination booklet and application form.  Entries close on 30 April.

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