Contributed By: Jane Garcia on

The REIQ is today welcoming the announcement by the Queensland Government to increase the stamp duty concession threshold for first home buyers to $700,000 after a 15 year wait. REIQ CEO Antonia Mercorella said this was a long-held advocacy and policy position of the REIQ to increase stamp duty concession thresholds for first homeowners.  “It is an easy and logical first step to address the home ownership emergency in this state and we congratulate the Government on listening to our calls for change,” she said. “With Queensland having the lowest rates of home ownership of any state and declining first home buyer activity, a stampRead More →

Contributed By: Jane Garcia on

Ahead of the State Budget next week, the Real Estate Institute of Queensland (REIQ) is calling out the woeful state of the housing crisis and pushing for an accountable delivery plan from both parties. REIQ CEO Antonia Mercorella said it was important to lay bare the facts regarding the state of Queensland’s housing market today, 19.5 months on from the landmark Housing Summit – warning the data painted a bleak picture. “The latest ABS data on our state’s building approvals, dwelling commencements and completion times does not tell a story of a State that’s headed towards housing recovery,” Ms Mercorella said. “On the contrary, itRead More →

Contributed By: Jane Garcia on

“I am not evading tax in any way, shape or form. Now, of course I am minimising my tax and if anybody in this country doesn’t minimise their tax, they want their heads read because as a government, I can tell you, you’re not spending it that well that we should be donating extra”. Kerry Packer November 1991, in answer to questions during a parliamentary enquiry And so, as end of financial year rolls around once more the immortal words of Kerry Francis Bullmore Packer ring truer than ever. One might even suggest that actual evasion should be encouraged such is the level of wasteRead More →

Contributed By: Jane Garcia on

The Real Estate Institute of Queensland (REIQ) says that the Bill regarding Stage 2 Rental Law Reforms which was passed in Parliament yesterday, has missed the mark. While the peak body is celebrating some wins from its comprehensive submission that recommended 39 amendments to the RTRAOLA* Bill, the REIQ is disappointed that many of its concerns were ignored. REIQ CEO Antonia Mercorella said its pleasing to see some of the REIQ’s significant concerns were addressed by a suite of eleventh-hour amendments to the legislation. “Firstly, a time limit that was originally proposed for water consumption charges, would have seen property owners potentially picking up hundredsRead More →

Contributed By: Nick Buick on

THE Awards have been running by TheOnsiteManager since 2017. This year THE Industry’s prestigious event, that recognises exceptional merit within THE management rights industry, is being hosted with ARAMA at SeaWorld! Winners of THE Award are decided by popular vote (ie: a people’s choice). There are 4 categories for this year’s format. THE Management Rights Broker of the year (People’s Choice), THE Management Rights Brokerage of the year (People’s Choice), THE Service Provider of the year (People’s Choice), and THE onsite manager of the year (Tenant Reviews). Eligibility this year for the 3 people’s choice categories is open to everyone, as is voting. So pleaseRead More →

Contributed By: Jane Garcia on

Three things to know about pet approvals: Further updates to strata pet regulations in Queensland The ink is barely dry on the new legislation governing strata in Queensland and regulations governing pets have already been further refined, in favour of pets. Where previously a body corporate committee had 6 weeks to respond to an application for a pet to be kept in a lot, the prescribed period for a committee to consider a pet request has been shortened to 21 days. If the committee does not make a decision within the prescribed period, the pet is deemed to be approved.  Alternatively, if a general meetingRead More →

Contributed By: Jane Garcia on

Astonishing new data from the ABS has laid bare the Queensland Government’s bumper bounty from property tax revenue over FY23, all while the State endures a housing crisis. The data, which excludes coal royalties, shows stamp duty now accounts for 25 percent of the tax base for the State Government compared to 20 percent ten years ago. Additionally, property taxes (stamp duty and land tax) have risen by 133 percent (more than doubled) over the past ten years, equating to an additional $4.2 billion per year. REIQ CEO Antonia Mercorella said given the steep upshoot in property values in the Sunshine State, it was timeRead More →

Contributed By: Jane Garcia on

The REIQ is concerned short-term incentives in the Federal Budget will keep interest rates up for longer, passing the burden to mortgage holders and small businesses. REIQ COO Dean Milton said while energy rebates may apply a short-term downward pressure on inflation, the median-to-long term impact could be inflationary. “Instead of the energy bill rebate cash splash to all Australians, our view is that the Federal Government could have shown more restraint and means tested eligibility to ensure it goes to those that need it most,” Mr Milton said. “We would have liked to have seen a budget which took the pressure off inflation toRead More →

Contributed By: Jane Garcia on

I was amused and horrified in equal measure recently. No, I hadn’t stumbled across a friend watching Married at First Sight, albeit my rare glimpses of this “entertainment” when I do witness such an event have left me somewhat appalled. The so-called MAFS phenomenon amazes me. I can only tolerate it in very small doses and only while heavily affected by gardening. My god! The premise seems immediately simple and confronting. Gather together a group of emotionally damaged and dysfunctional people, add a few mental health issues, stir in some misappropriation of real feelings and launch. What I found most disturbing was not the show.Read More →

Could you help us as we support others? We have partnered with The Priority Project to support woman who have experienced domestic and family violence (DFV). This service is supported by Mission Australia and The Salvation Army. They are working with agencies, including us, in conjunction with property owners to secure permanent rentals for women. We are seeking interest from our owners – asking you to consider prioritising your rentals to women who are needing a permanent place to call home. This new way of prioritising women creates opportunity to help and you do not have to reduce your rent, although if willing, you mayRead More →

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