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Multi-owned properties in Australia: a governance typology of issues and outcomes

Johnston, Nicole and Too, Eric 2015, Multi-owned properties in Australia: a governance typology of issues and outcomes, International Journal of Housing Markets and Analysis, vol. 8, no. 4, pp. 451-470, doi: 10.1108/IJHMA-02-2015-0005.

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Title Multi-owned properties in Australia: a governance typology of issues and outcomes
Author(s) Johnston, NicoleORCID iD for Johnston, Nicole orcid.org/0000-0002-9450-7034
Too, Eric
Journal name International Journal of Housing Markets and Analysis
Volume number 8
Issue number 4
Start page 451
End page 470
Total pages 20
Publisher Emerald Group Publishing
Publication date 2015-10-05
ISSN 1753-8270
1753-8289
Keyword(s) Delphi technique
Governance
Multi-owned properties
Owner’s corporations
Quality
Typology
Summary Purpose – The purpose of this study is to develop a governance typology which identifies governance issues and outcomes. Multi-owned properties (MOPs) are a unique property type due to the incorporation of a private governance association. Although there are jurisdictional differences, these associations are generally responsible for the management, maintenance and control of the commonly owned property; determining the contributions payable by each lot owner to the operation of the association; enforcing the rules of the association; and ensuring that records meet legislative requirements. Legislation for MOP schemes was enacted in different jurisdictions to guide the governance and management of these matters. However, challenges relating to the governance of MOPs have continued to be a problem as identified in the literature and practice. Design/methodology/approach – The study first reviewed the legislation in three Australian states to identify specific governance categories and the legislative requirements related to those categories. To gain group opinion about the specific governance issues and outcomes, the Delphi method was utilised whereby industry experts participated in a two-round survey questionnaire. Findings – A typology was developed as a result of consensus found between participants. The findings identified key governance issues and outcomes for MOPs. Practical implications – The governance typology forms the basis for the development of a more comprehensive audit tool for the assessment of governance quality in individual schemes. Originality/value – This paper is the first of its kind to collate issues impacting upon effective owners’ corporation governance and the potential outcomes associated with poor governance practices in MOPs.
Language eng
DOI 10.1108/IJHMA-02-2015-0005
Field of Research 150403 Real Estate and Valuation Services
Socio Economic Objective 900299 Property, Business Support Services and Trade not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2015, Emerald Group Publishing
Persistent URL http://hdl.handle.net/10536/DRO/DU:30078940

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.