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August 2024

You are browsing the site archives for August 2024.

In: Real Estate, REIQ

Contributed By: Claire Ryan on

Minimum housing standards will apply to all residential tenancies across Queensland from this Sunday, 1 September 2024, ushering in greater clarity on the expected condition of rental homes and their inclusions. While rental properties have long been required to be fit for habitation and maintained in good repair, the new standards go further by delving into the details and specifying the safety, security and functionality measures that must be met. The Real Estate Institute of Queensland (REIQ) led the charge on establishing these crucial standards, raising the need for greater clarity and specificity in housing standards from 2016. REIQ CEO Antonia Mercorella hailed the introductionRead More →

In: General Interest

Contributed By: Mike Phipps Finance on

I’m sure we can all think of a product where the designers clearly forgot (or ignored) the primary needs of the user. The focus on form (the look and feel of the thing) has completely eclipsed the function (the usability of it). In my ruminations on this matter I am indebted to proto-modernist architect Louis Sullivan, who stated in 1896 that “form ever follows function”. In other words, for any given design it’s got to actually work, and then let’s worry about how it looks. And so it is in some sectors of the accommodation industry. The hotel design trend these days seems to favourRead More →

In: REIQ

Contributed By: Claire Ryan on

Vacancy rates have edged up slightly across Queensland according to data released today from the Real Estate Institute of Queensland (REIQ), but the peak body warns that the broader outlook remains concerning. Of the 50 local government areas and sub regions covered in the REIQ’s Residential Vacancy Rate Report for the June 2024 Quarter, half (25 areas) had a lift in vacancies, 12 were unchanged, and 13 tightened further compared to the previous quarter. The statewide vacancy rate rose ever-so-slightly to 1.0% (compared to 0.9% in March Qtr), assisted by more substantial rises in coastal areas such as Noosa, Sunshine Coast and Hinterland, Maroochy CoastRead More →

In: REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) is proudly awarding real estate professionals from across the state with an REIQ Fellowship, to honour their exceptional commitment to their craft. With approximately 48,000 registered real estate practitioners in Queensland, being raised to Fellow status within the REIQ is a mark of distinction and recognises outstanding professionals. The prestigious title of REIQ Fellow is awarded to practising members who have completed a total period of 15 years membership and who have been carefully selected and appointed by the REIQ Board for satisfying specified criteria. REIQ CEO Antonia Mercorella congratulated and warmly welcomed the new Fellows from allRead More →

In: General Interest, Legal

Contributed By: Mike Phipps Finance on

These days, as I contemplate the ride into the retirement sunset, I seem to be spending more and more time dispensing wise counsel. Of course, the managing director and I have agreed to differ in respect of my definition of wise. She posits that like Joe Biden, if you hang around long enough some people will assume an age and wisdom convergence while ignoring demonstrable cognitive decline. I counter that a capacity to write the previous sentence is testimony enough to my undiminished mental faculties. Took me two days to finish that sentence and at some point it included reference to a fishing trip, butRead More →

In: The Management Rights Market

Contributed By: Jane Garcia on

The Management Rights market seems to be at a crossroads of late. We’re seeing record levels of visitors coming to the site looking at management rights – July saw 38,000 visits and June (which is a day shorter of course) saw 37,000 – both months performing above our long-term average of around 35,000 visits. Despite this we logged 1,334 sales leads for July whereas June saw 1,474 sales leads (ie: telephone calls and emails) off a long-term average of 1500 enquiries a month. Traffic is trending up, but engagement is trending down at the moment, to me that signals a market sentiment that is curious, butRead More →

In: Real Estate, REIQ

Contributed By: Claire Ryan on

Making the dream of home ownership a reality for more Queenslanders is the overarching aim of the State Election policy suite launched today by the Real Estate Institute of Queensland (REIQ). From stamp duty reform, incentives to free up housing stock, through to removing barries to supply, the REIQ’s vision is to take Queensland to the top of the home ownership table by 2032. REIQ CEO Antonia Mercorella said the peak body’s policy paper ‘Levelling the playing field’ called on all political parties to rebuild the pathways to home ownership in Queensland. “The REIQ is advocating for an overall target of a home ownership rateRead More →

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