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Sanctuary on Flinders Complex
Accommodation Modules are intended for investments and not long-term residents.
Residents expected to live in an Accommodation Module scheme are typically investors or tenants, rather than owner-occupiers. These schemes are designed for complexes where units are primarily used for short-term letting, holiday accommodation, or long-term rentals. As such, the resident population is often transient, including holidaymakers, corporate travellers, or renters who may not have a long-term stake in the property. The module supports this dynamic by allowing for longer management contracts, streamlined governance, and reduced meeting requirements, making it ideal for buildings managed by onsite letting agents or property managers who handle day-to-day operations on behalf of off-site owners.
Accommodation modules are designed for investments rather than long-term residents.
The Accommodation Module is tailored for investment-heavy schemes, especially those used for holiday letting or rental. Its purpose is to:
- Simplify governance for buildings where most units are rented out and owners are often off-site.
- Support onsite managers and letting agents with more flexible management structures.
- Allow management rights contracts up to 25 years, and leases up to 10 years with special resolution.
- Reduce administrative burdens for committees.
- Permit more lenient borrowing rules and fewer meetings.
- Recognise the commercial nature of these schemes and the need for operational efficiency
Helpful Information
Basement Height Max 2150 mm
Lift Dimensions
Investing in Sanctuary on Flinders complex
The current rental market is robust and steady population growth, leading to a high demand for rental properties and competitive rental yields.
The top three employment industries in Townsville are Hospitals, Defense and Education. The Defense force in Townsville accounts for approximately 8% of Townsville’s population. Providing a steady supply of people coming into Townsville city for employment and needing long-term accommodation.
Approximately 18% of occupants at Sanctuary on Flinders are owner-occupiers.
Protecting Your Investment
The complex is a strata development, managed by the body corporate, its committee members and the on-site manager with the support of Body Corporate service QLD.
The body’s corporate committee consists of 7 lot owners.
Sanctuary of Flinders management and body corporate work in partnership to ensure your property is managed with a focus on protecting and maintaining its value. Ensuring maintenance issues are addressed expeditiously, and your property is being managed according to regulations and by-laws.
The new on-site managers are using the latest technology to offer a full suite of real estate services in sales and property management.
Owning an investment unit in a strata complex has the following expenses:
Administration Fund: used to pay for all the 'day-to-day' and 'regular' (non-capital) operating expenses of a Strata Scheme. This fee also includes the insurance for the building.
Sinking Funds: Pays for both expected (long term) and unexpected replacement and repairs of a 'capital' nature.
Currently Between $6400 and $8000 per annum. This includes building insurance, Sinking Fund and the Administrations Fee.
Council Rates: Approximately $1600.00 twice a year.
Other costs: Landlord insurance