May 2023

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New rules around minimum housing standards will come into effect for new tenancies on 1 September 2023 and for all tenancies 1 September 2024. Minimum housing standards aim to ensure rental properties are safe, secure and functional and provide tenants, residents, property managers and owners with greater clarity around their maintenance obligations for rental properties. Minimum housing standards will apply to all types of tenancy arrangements, including general tenancies, rooming accommodation and moveable dwellings. Learn more about minimum housing standards, including frequently asked questions, on the RTA’s updated rental law changes webpage. More information and resources will be made available on this page in the nearRead More →

Contributed By: REIQ on

Rental providers are passionately opposed to several changes being proposed as part of the State Government’s stage two rental law reforms Options Paper, according to a survey of more than 3,300 Queensland property investors. The survey, conducted by the Real Estate Institute of Queensland (REIQ), sought property investor sentiment towards some of the ‘hot button’ changes proposed in the paper. One of the most foreboding findings from the survey, was that 81.4 per cent of rental providers said recent and future proposed tenancy law changes have influenced the likelihood that they will sell up (refer to Q14 graph). While 62 per cent of respondents saidRead More →

Contributed By: REIQ on

As the state peak body for real estate professionals, the Real Estate Institute of Queensland (REIQ) has today welcomed reassigned Ministers to the Palaszczuk Government Cabinet. REIQ CEO Antonia Mercorella congratulated Meaghan Scanlon on her appointment as the Minister for Housing and Yvette D’ath on her appointment as the Attorney-General and Minister for Justice and Minister for the Prevention of Domestic and Family Violence. “We welcome these appointments and renewed focus, and look forward to continuing to work in an effective and constructive fashion with both Ministers as Queensland faces significant challenges ahead,” Ms Mercorella said. “In particular, housing accessibility and affordability are complex and criticalRead More →

The Holden Monaro is considered, among a certain demographic of the population, an icon of Australian motoring. Indeed, when we actually made things like cars the modern version produced between 2001 and 2005 sold in vast numbers to petrol heads, mums and dads and collectors alike. Man, I loved that car when it was launched but alas, as a poor long-suffering PAYG slave I could not afford one. So, I’d spend time in Holden showrooms just looking at the thing and dreaming of the day………. It will come as no surprise that as a Toowoomba girl the managing director also had a soft spot forRead More →

Contributed By: Molly Hannam on

What an incredible afternoon celebrating women (and men) and all their contributions to our amazing industry! Over 60 guests gathered at LINA Rooftop in Brisbane on Friday the 12th of May for The Onsite Manager and Women In’s event. New connections were built and lots of fun was had! Thanks to all who were able to attend and we look forward to our next partnership with Women In! Photography by Renee Andrews.Read More →

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is calling on property managers and property investors in Queensland to join its campaign to convince the State Government to reconsider proposed stage 2 rental law reforms. REIQ CEO Antonia Mercorella said the peak body was preparing its Submission to the Queensland Government’s Option Paper regarding stage two rental reforms, and would ensure the voices of property managers and property investors are represented and heard. “The REIQ is concerned with ongoing and consistent rental law reforms in Queensland which are progressively eroding property investor rights along with their confidence and interfering with contractual relations,” Ms Mercorella said. “IfRead More →

Contributed By: REIQ on

The REIQ says last month’s pause in interest rate hikes has proven to be a short-lived relief for mortgage holders, as the RBA has today hiked the cash rate by 25 basis points to 3.85% – the highest level since April 2012. REIQ COO Dean Milton said the RBA’s decision to forge ahead with its aggressive tightening cycle would weigh heavily on homeowners and investors. “We have seen regulatory chaos from State and Federal Governments, and whiplashing back to another interest rate rise only adds to this pain,” Mr Milton said. “There’s barely been time for the market to absorb the lagged impact of theRead More →

Ian Crooks – ResortBrokers Chairman Back in the ‘70s in my native New Zealand everyone used to talk about this sparkling paradise across the Tasman called the Gold Coast. When I first visited in ’79 the hype didn’t disappoint. I was absolutely blown away by it. It had a beachline of golden sand that seemingly stretched forever, luxury high-rise to rival Miami, and there was a real energy about the place. The tallest building at the time was a circular apartment building called Focus built by the late great Lou Ferro, who was a friend of mine. It was a tremendously eye-catching skyrise that lookedRead More →

Contributed By: REIQ on

The REIQ says the Albanese Government’s announcement that housing ministers will develop a plan to strengthen renters’ rights nation-wide later this year, is yet another swipe at property investor confidence in a State still reeling from relentless rental reforms. While the national renters’ rights plan announcement lacked detail, the REIQ is concerned that the Government has bowed down to pressure from the Greens and could signal yet another nail in the coffin for property investment in Queensland. REIQ CEO Antonia Mercorella said it was nonsensical to introduce nation-wide rental reforms on top of far-reaching, stage one rental reforms introduced in Queensland in October last year,Read More →

Tree maintenance responsibilities in a body corporate Trees can add significant value to a property, particularly if they are well-maintained and add to the aesthetic of the property. They can provide shade, privacy, and a sense of tranquillity, all of which are highly sought after by potential buyers. On the other hand, poorly maintained or overgrown trees can detract from the value of a property and even be a safety hazard. It is essential to ensure that trees in a body corporate are well-maintained to enhance the overall value of the property and also important to understand the obligations regarding maintenance of trees depending on their location within a scheme.   ResponsibilityRead More →