Real Estate (Page 2)

Queensland’s property market is warning of a further hit to rental availability, as the Government fails to rule out any further rent controls ahead of the election. The housing industry peak bodies, Property Council of Australia Queensland, Real Estate Institute of Queensland (REIQ), and Urban Development Institute of Australia Queensland (UDIA) have expressed alarm that the notion that rent controls are back on the table, saying it will reduce the number of houses available for rent by further undermining the confidence of investors. They argue that without a clear commitment to rule out all forms of rent control – including rent caps, rent freezes andRead More →

The Real Estate Institute of Queensland (REIQ) is alarmed by reports today suggesting that the Federal Government may be considering changes to negative gearing. REIQ CEO Antonia Mercorella emphasised the potential repercussions of such changes, particularly in the current housing climate. “As repeated studies have shown, there is a minimal link between negative gearing and higher house prices,” Ms Mercorella said. “To make a major change to the rental sector during a time of low vacancy rates across Australia and long social housing waitlists could be catastrophic for the housing sector. “It would be unwise for the Federal Government to seek to eliminate what isRead More →

After rigorous reviews by the judges, the Real Estate Institute of Queensland (REIQ) is thrilled to unveil the finalists for the 2024 REIQ Awards for Excellence today. REIQ CEO Antonia Mercorella said the finalists would now be vying for 29 prestigious award titles covering a wide variety of real estate specialties and sizes. “An impartial, state-wide peak body awards programme offers professional recognition at its highest level, and becoming a finalist is a glowing achievement in itself,” Ms Mercorella said. “Congratulations to all the real estate professionals throughout Queensland who have separated themselves from the pack, impressed the judges, and made it onto the finalistsRead More →

Queensland’s property market is continuing its impressive run with median sales prices steadily creeping up, according to the latest data released by the Real Estate Institute of Queensland (REIQ). The quarterly median sales results for the June 2024 Quarter demonstrate the Sunshine State continues to go from strength to strength in property price performance. The statewide median house price climbed 4.46 per cent over the quarter, and an impressive 12.14 per cent over the year. Not to be outdone, Queensland’s median unit price rose five per cent over the quarter, and 14.14 per cent annually. The market also quickened its pace, with the median numberRead More →

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 →

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 →

The Real Estate Institute of Queensland (REIQ) today announced the retirement of non-member Director Eddie Chung, who has smoothly handed the baton to Kerri-Ann Smee. REIQ Board Chairman Peter Brewer said during many years of dedicated service to the REIQ, Eddie Chung had made an enormous contribution to the Board and to the peak body. “We are deeply grateful to Eddie for his invaluable guidance and financial expertise, which proved pivotal during critical junctures in the REIQ’s history,” Mr Brewer said. “During his long tenure, Eddie played a vital role in ensuring the REIQ remained a profitable business and would continue to thrive through sustainableRead More →