Welcome to Our Community
Connecting residents for a better living experience
Connecting residents for a better living experience
Your Body Corporate, Your Money — Know the Facts!
Attention Owners:
Recent decisions at The Lakes Cairns have committed $707,000 in additional payments to Sunshine Group Australia (SGA) and approved a 5-year management contract worth nearly $5 million.
Many owners may not realize there was an alternative proposal from CMBM. Here’s a clear comparison:
Caretaking Costs: SGA vs CMBM
5-Year Contract
SGA: $4,967,895
CMBM: $2,170,455
Additional Settlement in first year
SGA: $707,000
CMBM: – Nil
Why This Matters
The PBC chose SGA without fully comparing alternatives.
CMBM could have provided the same caretaking and services at lower cost.
All owner’s contributions are affected — future affordability of the community depends on informed owners.
What You Can Do
1. Review the Facts – Ask your building committee for full details.
2. AskQuestions – Ensure contracts and costs are clearly explained.
3. Stay Informed – Understanding how your contributions are spent empowers your decisions as an owner.
Knowledge is power — and it’s your money!