News

LNP to streamline property sales

CUTTING bureaucratic red tape is forecast to breathe life back into the real estate industry and act as a stimulus for future homeowners.

This week Premier Campbell Newman announced he would abolish sustainability declaration forms with an aim to start streamlining property sale contracts.

The forms require sellers to identify their property's environmental and social sustainability features in the areas of energy, water, access and safety.

The forms were modified during Labor's reign after outcry over whether the level of detail in questions was completely necessary and the pressure posed by the threat of hefty fine for not completing the mandatory forms.

After years of pushing for changes to industry regulations, Real Estate Industry Queensland confirmed it was refreshing to have a government listen to them.

REIQ chief executive officer Anton Kardash said the decision to scrap the forms was an "excellent step forward."

"Work needs to be done to streamline the process for sale of real estate," he said.

"This has been on the agenda for the past five years and we did not get a response but now we have had a level outcome."

Mr Kardash said REIQ still wanted to see changes in the disclosure regime so all relevant information is exchanged at the beginning of the property sale process.

Mr Newman also announced he would reintroduce principal place of residence stamp duty, which would "save Queenslanders up to $7000 when they purchase an average family home."

Mr Newman said there was a "whole raft of measures to come into place to try and get the property industry going".
Mr Anton predicted the changes would act as a "stimulus" to the industry.

Topics:  campbell newman, lnp, property


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Central Queensland entrepreneur invents peck-proof helmet

MAGPIE PROOF: Mike from Swoopaway with kids from the Blackwater PCYC.

Local cyclist solving the swooping problem.

Wander through new walking tracks

Explore the Rifle Range Reserve in Emerald.

New walking tracks open in the Rifle Range Reserve in Emerald

New CEO passionate about agricultural education

STEPPING UP: Queensland Agricultural Training College's new CEO Mark Tobin with Queensland Agricultural Minister Leanne Donaldson.

Mark Tobin excited for new role.

Latest deals and offers

Achieving to the Max

Principal Max Martin has been named as one of the eight recipients of this year's Queensland's Spirit of Catholic Education Awards.

Central Queensland entrepreneur invents peck-proof helmet

MAGPIE PROOF: Mike from Swoopaway with kids from the Blackwater PCYC.

Local cyclist solving the swooping problem.

Wander through new walking tracks

Explore the Rifle Range Reserve in Emerald.

New walking tracks open in the Rifle Range Reserve in Emerald

New CEO passionate about agricultural education

STEPPING UP: Queensland Agricultural Training College's new CEO Mark Tobin with Queensland Agricultural Minister Leanne Donaldson.

Mark Tobin excited for new role.

Alpha butcher snags Sausage King accolade

Dean Maloney is the sausage king in Alpha.

Alpha's Dean Maloney snags silver at the Qld Sausage King awards

Thy Art Is Murder are killing it

See Thy Art is Murder on their killer tour happening right now. Photo Contributed

We talk with Thy Art is Murder about touring, babies, and new music

Date announced for Prince tribute concert

A Prince tribute concert will take place later this year

Matt Damon is taking a break from acting

Matt Damon is taking a break to spend time with his family

Police foiled terrifying 1m plot to kidnap Katie Price

Police foiled a £1 million plot to kidnap Katie Price and her family

Kristen Bell's baby confession

Kristen Bell once pretended to be asleep when her baby woke up early

Babylon 5's Jerry Doyle has died

Jerry Doyle has died from unknown causes at the age of 60

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles