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April 2025

You are browsing the site archives for April 2025.

In: Legal, Real Estate

Contributed By: Quartz Legal on

NEW DISCLOSURE REQUIREMENTS COMMENCE 1 AUGUST 2025 In 2023, the Queensland Government introduced significant changes to property law with the passing of the Property Law Act 2023 and Property Law Regulation 2023. One of the most important reforms is the new statutory seller disclosure scheme, which applies to the sale of all freehold land in Queensland from 1 August 2025. What does this mean? Before a buyer signs a contract to purchase a lot, the seller must provide: The form of the Seller Disclosure Statement has been through various iterations. The most current version available here seller-disclosure-statement-form-2.pdf What Must Be Disclosed? The Seller Disclosure StatementRead More →

In: REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) is strongly opposing the state’s new standardised tenancy application form, which the peak body says takes tenant privacy to the point of impracticality. From 1 May, the standardised rental application will be used for general tenancies. This reform is part of the former State Government’s stage two rental reforms, now carried forward by the LNP. The REIQ believes the form’s approach to verification of identity (VOI) could cause significant risk for property owners and their managers. The peak body is also warning the application form may undermine the prospects of success for applicants seeking to rent property inRead More →

In: REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) has acknowledged today’s decision by the Reserve Bank of Australia (RBA) to keep the cash rate on hold at 4.1% in April, pending the release of the comprehensive March quarter CPI inflation data on 30 April. REIQ CEO Antonia Mercorella said it was widely expected that the RBA would hold in April, and it would have been a surprise if it had cut the cash rate[1], however now hopes were mounting for May’s decision. “After holding in April to gain more confidence inflation is under control, many home buying hopefuls and mortgage holders will be hoping the RBARead More →

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