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REIQ

In: Accounting and Finance, Body Corporate, General Interest, Landlords, Tenants, Renting and Management, Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) says the Reserve Bank of Australia’s (RBA) decision to lift the cash rate by another 25 basis points to 4.1% unfairly punishes borrowers for rising everyday essential costs that are entirely outside of their control. REIQ CEO Antonia Mercorella said the two rate hikes in as many months is piling on the misery to borrowing households who are already grappling with high housing costs and broader cost-of-living pressures. “Many households are already feeling the squeeze from rising energy costs and other essentials, so the cumulative impact of back-to-back rate rises will stretch budgets even further,” Ms Mercorella said.Read More →

In: Real Estate, REIQ, Uncategorized

Contributed By: Claire Ryan on

With significant regulatory changes set to introduce formal seller’s disclosure for all real estate professionals in Queensland from 1 August 2025, the REIQ has worked together with Securexchange to deliver a seamless solution for the profession. The new smart tool,the Seller Disclosure Tool,was developed in collaboration between the REIQ and Securexchange to simplify and streamline the seller’s disclosure process by automating property searches and instantly pulling the right data to complete the disclosure form, ensuring both accuracy and efficiency. REIQ CEO Antonia Mercorella said the Seller Disclosure Tool would help agents across Queensland stay ahead of legislative changes by providing a solution built specifically to meet the newRead More →

In: Real Estate, REIQ

Contributed By: Claire Ryan on

Queensland’s property market has continued its upward momentum through the March 2025 quarter, with new data revealing just how far the market has come in the five years since the onset of the COVID-19 pandemic. The latest median sales results released by the Real Estate Institute of Queensland (REIQ) show the state’s housing market notched up another quarter of steady performance, with the quarterly median sale price for houses edging up 0.61% to $812,000, and unit prices lifting 3.85% to $675,000. REIQ CEO Antonia Mercorella said the latest figures not only reflect an active market in early 2025 but also highlight an exponential 5-year transformationRead More →

In: REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) is welcoming the Reserve Bank of Australia’s (RBA) latest move to resume monetary easing, cutting the official cash rate by 25 basis points to 3.85 per cent – marking a return to the level last seen in May 2023. REIQ CEO Antonia Mercorella said the rate cut would provide welcome relief for borrowers and much-needed stimulus for new housing supply. “This cash rate cut is particularly critical for Queensland, where we’re experiencing above-average population growth and a pressing need for new housing construction,” Ms Mercorella said. “With the Brisbane 2032 Olympic Games on the horizon, stimulating housing supplyRead More →

In: REIQ

Contributed By: Jane Garcia on

Queensland’s rental market has started 2025 with even fewer options for tenants, as vacancy rates continue to tighten across most of the state in the March 2025 quarter, with the number of tightening regions outweighing those that eased. According to the Real Estate Institute of Queensland’s (REIQ) latest Residential Vacancy Rate Report, released today, 24 of the 50 regions tightened, 12 held steady, and just 14 saw any relief. The statewide vacancy rate has slipped from 1.0% to 0.9% – breaking a three-quarter period of steady conditions and reinforcing the entrenched strain on rental supply. Notably, the pressure is being felt across most of theRead More →

In: REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) is congratulating the re-elected Labor Federal Government, saying a clear majority and a consecutive term bring a vital opportunity to see rubber hit the road for housing. Prime Minister Anthony Albanese, now Australia’s 32nd Prime Minister, has a historic opportunity to tackle the housing crisis with renewed momentum and political capital. The REIQ stands ready to collaborate with the Albanese Government to ensure all Australians have access to a secure and affordable home. REIQ CEO Antonia Mercorella said the stability offered by a majority government, combined with longevity of term to see policies to fruition and the endRead 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 →

In: REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) is welcoming the housing initiatives in the Albanese’s Government’s pre-election budget, while calling for greater scale for impact. REIQ CEO Antonia Mercorella said this budget recognised that housing supply constraints remain a pressing issue, and homeownership remains out of reach for many. “The overwhelming constraint on housing affordability remains a lack of supply,” Ms Mercorella said. “Resolving housing supply constraint issues and promoting other housing supply alternatives, such as prefabricated homes, are the cornerstones for more affordable housing. “Queensland is well behind what is needed in terms of dwelling approvals – the 12-month building approvals to January 2025Read More →

In: Real Estate, REIQ

Contributed By: Claire Ryan on

The Real Estate Institute of Queensland (REIQ) is applauding the successful pilot of a domestic and family violence (DFV) rental prioritisation program and is calling on more property owners and property managers to get involved. The Priority Project (TPP) is an innovative program designed to provide safe, accessible and secure housing for women and children who have experienced DFV – prioritising survivors by offering them early or exclusive access to private rental properties. REIQ CEO Antonia Mercorella said with the support of the REIQ, this pilot program had already made a significant impact in Southeast Queensland with planning underway to expand and scale. “We are incrediblyRead More →

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