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



Mooball plans on the moo-ve

BIG PLANS: The village of Mooball from above.

Big plans for he quaint village of Mooball have the green light

Tweed United gunning for a top-four, finals’ finish

Tweed United captain and top goal scorer Michael Kolovos and his side are hell-bent on a top-four finish in season 2016.

"Our Destiny is in our own hands."

Latest deals and offers

Fashionistas show off at Splendour in the Grass

Amberly Nelson, from Melbourne, posts for a photo with friends at Splendour in the Grass.

GLITTER, skin and mesh were all on show at festival this weekend.

Day 2 Splendour Pictures

Sticky Fingers perform at Splendour in the Grass 2016. Photo Marc Stapelberg / The Northern Star

Splendour in the Grass Day 2 covered in pictures.

WATCH: News reader tries her hand at hardcore shooter, Doom

Veteran journo and noob gamer takes a shot at Doom

What's on the small screen this week

MasterChef Australia's final four contestants, from left, Harry Foster, Elena Duggan, Elise Franciskovic and Matt Sinclair.

MASTERCHEF makes way for The Bachelor on Ten's reality TV slate.

Guy Sebastian a hit at Splendour in the Grass

Guy Sebastian performs at Splendour in the Grass with Paces.

REALITY TV judge a hit with festival crowd.

Superheroes of the big screen enjoy sounds of Splendour

CHRIS Hemsworth and his Avengers mates drop by Byron festival.

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

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

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started