Posts Tagged ‘REIQ’

Rental Reforms: QLD

Recently the Queensland Parliament passed rental reforms that every tenant and property owner should be aware of; with the industry’s leading professional body, the Real Estate Institute of Queensland (REIQ), saying that although they are an improvement on what the government initially proposed, the pendulum still firmly swings in favour of tenants and reduces property owners’ contractual rights.

In summary the main five provisions of the Housing Legislation Amendment Bill 2021 … Read the full post »

Market Sentiment QLD

The Queensland real estate industry body, the REIQ, have been carefully monitoring not only the state property market in the wake of the COVID19 global pandemic, but also consumer sentiment across Queensland regarding consumer confidence in recovery and general outlook.

Whilst there is evidence property prices have dropped nationally by 2%; Queensland has fared somewhat better overall with a 0.3% drop, and the Sunshine Coast, very much a lifestyle-driven regional market, … Read the full post »

Queensland Sticking to Original Moratorium

The Queensland state government has announced that it will stick with the original deadline of the eviction moratorium for residential tenants. Under the announcement, the moratorium, which is applied to residential tenants suffering an income loss of at least 25% amid the COVID-19 pandemic, will be lifted by the end of the month.

Housing Minister Mick de Brenni said Queensland’s economy is faring better than other states, making it ideal to … Read the full post »

REIQ Call on Government to Assist Housing Industry

In the wake of the COVID-19 pandemic, the Real Estate Institute of Queensland (REIQ) is seeking urgent action from the Queensland State Government to assist in maintaining the stability of the Queensland Property Market – worth in excess of over $1 trillion, and directly employing over 50,000 workers, with many more employed in associated industries.  Activity in the real estate sector contributes in excess of $30 billion annually to the … Read the full post »

Tick Tock…The Clock is Ticking

We all know time goes quickly…hey, it’s March already, and we’ve only just got used to writing ’20 instead of ’19!  The Real Estate Institute of Queensland (REIQ) are reminding people about the changes to Queensland’s smoke alarm registration that come into effect on 1 January 2022.

ALL domestic dwellings leased or sold have to be fitted with interconnected photoelectric smoke alarms; and at this stage there are no plans to … Read the full post »

Investor Alert! Proposed Changes to Queensland Rental Laws

Last week the Queensland Government Minister for Housing and Public Works, Mick de Brenni announced Stage 1 of proposed rental reforms that would significantly change Queensland’s rental market, that could potentially impact on the existing rights of landlords.

There is a range of reforms proposed including:

Abolishment of a landlord’s right to not review a tenancy agreement at the end of its agreed term;
The loss of a landlord’s right to … Read the full post »

Natural Disasters and Sales Contracts

Given the recent bush fire emergency just north of us at Peregian, and with fire threats still remaining strong in these dry, dusty hot conditions; it is worth as purchaser, and an owner, knowing what would happen in the event of a natural disaster, such as fire or flood when there is a contract of sale over a property.

Information below, sourced from the Real Estate Institute of Queensland (REIQ) reports:

A … Read the full post »

Meth Labs & Property Rentals

Not a pleasant topic this week; but one that is increasingly real across the nation – methamphetamine laboratories in rental properties – these labs have been found in the poorest and wealthiest of suburbs, it is not only a blight of lower socio-economic areas, it could be your rental property!

The REIQ (Real Estate Institute of Queensland) have recently published a report about this growing problem; not to scare, but to … Read the full post »

QLD Market Still Going Strong

The latest REIQ Market Monitor indicates that many sectors of the Queensland market are still going strong, with 11 suburbs reaching an annual rate of growth of more than 20%; Mount Coolum was eight on that list, with 21.9% annual growth and a median price of $670,000.  Yaroomba, just up the road, was ranked 13 with a 19.7% growth and an annual median price of $749,000.  Minyama was the only … Read the full post »

Pet Bond Proposition Receives Support

The Queensland Government’s Department of Housing and Public Works (HPW) have been undergoing an ongoing review of the Residential Tenancies and Rooming Accommodation Act (2008); and a critical part of this process has involved consultation with the public on rental reform, called “Open Doors to Renting Reform”.

One particular area reviewed has been the challenging issue of allowing pets in rental properties – some owners will, some won’t, and can be … Read the full post »

Sunshine Coast Property Market – Best Annual Performer!

The Real Estate Institute of Queensland (REIQ) just released its Quarterly Market report (June 2018), and interestingly, for the first time, the Sunshine Coast residential property market SD has overtaken the Gold Coast to claim the title of best annual performer.  The Sunshine Coast Statistical Division (SD) includes the Sunshine Coast LGA (Local Government Area) and Noosa Shire.

Quick snapshot:

Houses up 6.4% for the year – Sunshine Coast SD
Units … Read the full post »

Smoke Alarm Update…Get in Now & Save Money!

The REIQ are warning of a potential price hike and last-minute panic if more landlords don’t act in regard to the changes to Queensland’s Smoke Alarm Legislation rolled out in early 2017.  They report that to date (June 2018), only a small number of landlords have changed their smoke alarms to the new photoelectric system, which is compulsory on all tenanted properties by January 2022.

REIQ CEO Ms Antonia Mercorella said … Read the full post »

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