REIQ update from the CEO: 5th April 2023

The REIQ is excited to launch our Best Practice Guidelines this week! The guidelines are designed to keep you a step ahead with expert guidance on the issues and questions you face each day. They also set standards of compliance, behaviour and professional conduct for Queensland real estate agents. As your peak body, one of our key commitments is to raise professional standards and community perceptions to help ensure a strong and sustainable real estate sector. You can find the REIQ Best Practice Guidelines here.

The REIQ has welcomed the RBA’s decision yesterday to leave the cash rate on hold this month, an important pause after 10 consecutive rises took it to a near 10-year high. The pause is a welcome reprieve to homeowners and small businesses who have been unfairly carrying the burden of fixing the inflation curse. Around 650,000 households in Queensland are mortgaged and it’s likely the RBA’s aggressive tightening cycle is already weighing heavily on many mortgage holders. Read more in our media release.

Our partners Carter Newell Lawyers have provided information on what orders tenants can seek in QCAT regarding retaliatory actions from landlords. Changes to the Residential Tenancies and Rooming Accommodation Act 2008 in October 2022 mean tenants have increased scope to set aside the actions of an owner if they ‘reasonably believe the action was taken to intimidate or punish them’. You can find out more about what has changed in this article.

Missed CEO Antonia Mercorella's last article? Read it here.

Catch up on the latest news and updates here.