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You can forget what I said last month about the surf gods forgetting that this was the time of year best known for the surf doldrums. They had just left them to happen in October. A great month for anyone with a surfboard to do any repairs, any maintenance around the house, and take the time to start storing as many brownie points for better times as they can. The weather has still been fantastic for making the most of the beach and the coast though. We kicked off our start to Summer with another brilliant Coolum Kite Festival and over 40,000 happy people in 2 days is a great reward for the many volunteers that put in another huge effort.
Next year is the tenth anniversary so it is going to be interesting to see how they can keep making the event bigger and better. It’s like a very slow strip tease watching the Coolum shops and Surf Club get ready for reopening. Each week/day more scaffolding is removed and more pieces of the puzzle start fitting in to place. I was down on the beach first thing this morning and the new beachfront side of the Surf Club looks stunning. Not long to go now. New legislation affecting the owners and sellers of property in Queensland will take effect from next month. Firstly, regarding homes with swimming pools.
From December 2009 all new homes will require a mandatory pool inspection certificate. From December 2010, any house with a pool being sold will require a mandatory pool inspection certificate. The certificates will be valid for 2 years for residential homes or 1 year in a body corporate situation. This will also be required for rental properties but I will leave our property management department to provide more details here. From January 2010,Queensland is set to become the national leader in sustainable housing policy under proposed legislative amendments currently before State Parliament All properties listed for sale will require a Sustainability Checklist to be provided by the seller.
Properties with more sustainability features can have lower operating costs and be more energy and water efficient. The sustainability declaration will summaries the energy, water, safety and access features of a property for prospective buyers and provide an effective new marketing tool for sellers. You may be able to tell that I have lifted that last section directly from the ministers press release. It is yet to be seen how worthwhile this will actually be. Great news during the month regarding our Bendigo Community Bank. We have announced a combined profit for our three branches for the 2008/09 financial year of $257,000.
This is after we had put back well over $150,000 into our local communities through sponsorship and marketing commitments. This is a huge result in what has been a very difficult year for business generally and has also allowed us to return a dividend to our shareholders of 7.5% for the year. This is immensely satisfying and we are establishing a strong, independent source of funding for our local communities for many years to come and for that we thank all of our loyal shareholders, staff, and clients that have mad the leap to support this concept.
If your not already with us, please give Judy a call on (07) 5448 8582 to find out what it is all about. One last reminder that the PGA is on from December 10-13 at the Hyatt Coolum. If you need any assistance with accommodation, give the team a call.