1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

QLD changes 'could cut down on red tape'

January 25, 2012

New changes that could come into effect as early as next month may significantly cut down the red tape associated with residential property purchases in Queensland, premier Anna Bligh has asserted.

Under the proposed changes, the number of documents required for a residential property sale could be streamlined down to one single contract.

Currently, real estate agents and conveyance lawyers are among those who are faced with the mammoth task of preparing and evaluating documents for property sales, which can include pool safety declarations, sustainability declarations, information sheets, warning statements and disclosure statements, as well as the actual sale documents.

Reducing red tape, explained Bligh, would provide a welcome boost to the state's property market.

She said: "We intend to rid the industry of unnecessary complications making it easier to buy and sell a home in Queensland."

The news comes as two separate reports highlighted the strength of Queensland's growing economy this week.

Publications from Deloitte Access Economics and CommSec highlighted the state's anticipated high levels of growth for the coming year.

However, state treasurer Andrew Fraser noted that more should be done to support the state's property sector in the coming months, pointing to the extension of Queensland's Building Boost scheme as a good example of the type of action that is needed.

Related Articles

Queensland units sales increase while home loans become more affordable

First home buyers and property investors looking into buying a property in Queensland could be ...
read more

Queensland first time buyers react to homeownership scheme

More and more Queenslanders are realising the 'great Australian dream' to buy their own ...
read more

Queenslanders saving more cash from government policies

The Queensland government is easing the financial burden on residential property dwellers in the ...
read more

Latest Articles

How strong is the NSW property market?

When it comes to making a purchase in the property market, it seems hard to beat the strength of ...
read more

Building booms across many sectors

There are numerous indicators of strength in the housing industry, and one strong signal of future ...
read more

Cash rate at a standstill

One crucial driver of housing demand is the official cash rate from the Reserve Bank of ...
read more