REIQ backs first home buyer rental flexibility

The Real Estate Institute of Queensland (REIQ) is welcoming the Crisafulli Government’s action today to remove restrictions surrounding renting out a room for first home buyers receiving stamp duty concessions.

REIQ Acting CEO Kat Beavon said as the state’s peak body for real estate professionals, the REIQ had called for and supports this policy.

“Making the recent changes permanent, which allow first home buyers receiving concessions to rent out unutilised rooms, is a common-sense measure that delivers wins for both buyers and renters,” Ms Beavon said.

“It not only encourages home ownership and eases the financial strain of high purchase prices and interest rates, but also addresses the urgent need for rental supply in Queensland’s tight housing market.

“While no single measure can solve the housing crisis, this is one lever we can and should pull to offer relief.”

ENDS

Media enquiries:
Claire Ryan, Media and Stakeholder Relations Manager, The Real Estate Institute of Queensland
M: 0417 623 723 E: media@reiq.com.au

Read another media release from the REIQ: Queensland real estate steadies, but set to Spring.

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