June 2024

Following Sunday’s welcome surprise that the concession threshold for first home buyers will be lifted, the REIQ says today’s State Budget delivers a mixed bag for housing and small businesses. REIQ CEO Antonia Mercorella said it was appropriate to see housing as the centrepiece of the State Budget which included some important first steps in the right direction. “Starting on a positive note, the REIQ was successful in advocating for an increase to the stamp duty tax free threshold for first home buyers which was long overdue,” she said. “While a $700k threshold is a significant improvement and will be appropriate for many parts ofRead More →

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 →

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 →