Single Contracts: Are they the future of Investing in the Queensland Property Market?
by Jamie Felstead When purchasing property in Queensland, choosing the right contract structure can significantly impact your experience and investment strategy. Two primary models currently shape the market: the Traditional Contract and the emerging, innovative Single Contract. While Traditional Contracts have long been the standard, Single Contracts offer a new approach, particularly for investors and […]
Seize Your Advantage: Master Seller Disclosures
By Jamie Felstead A Practical Consideration of The Property Law Act 2023: Sellers Disclosure It is no secret that Queensland’s Property Legislation has been in need of face lift for some time. It unfortunately took a COVID pandemic, an inflated and highly competitive property market as well as countless unconditional contract horror stories, but change […]
Queensland Proposed Changes to Body Corporate Legislation 2023
By Jamie Felstead The Palaszczuk Government has recently announced reforms to body corporate legislation in Queensland following the October 2022 Housing Summit. The reforms aim to make it easier to sell and redevelop ageing or rundown community titles schemes. According to Attorney-General Shannon Fentiman, stakeholders at the Queensland Housing Summit highlighted that scheme termination was […]
Land Tax Changes Cancelled
By Stephen Gibson We have recently written about changes proposed by the Queensland Government, to the way in which land tax was to be calculated and charged in Queensland. On 30 September 2022 Queensland Premier Anastasia Palaszczuk announced that the Queensland Government would be abandoning those changes. The abandoned changes Under the land tax changes […]
Land Tax In Queensland – Change is Coming
By Stephen Gibson The Queensland Government has recently announced changes to the way in which land tax is calculated in Queensland. Those changes will take effect from 30 June 2023. The Current Regime Currently land tax in Queensland is levied on the aggregate value of all properties owned by a landowner in Queensland as at […]
Land resumption: know your objection and compensation rights.
By Ian Neil Receiving notice that your property is intended to be resumed by the Government (Federal, State or local) to allow a development or public infrastructure to proceed can be stressful, particularly if the property being resumed is a long-held family home or a business that has relied on location as part of its […]
Five Day Extension to Settlement Now Possible in Queensland
By John Warlow On 20 January 2022 the REIQ released new versions of its contracts for the sale of houses and apartments in Queensland. The new contracts contain a number of amendments. But most importantly they contain a new Clause 6.2 which gives either party the ability to unilaterally extend the Settlement Date for up […]
Demolition Approval, Statutory Conditions & Extension of time for Commencement
In the recent (14.9.21) Planning and Environment Court decision of Karam Boutique Residential 8 Pty Ltd v Redland City Council [2021] QPEC 47, the Court was asked to grant an extension of the statutory (Building Act 1975) requirement that demolition works be ‘substantially commenced’ within 2 months from issue of a Demolition Approval issued under […]
Australian property market outlook | Q3 2021 & beyond
Learn more about the property market in 2021, investing and future trends with MDL client and partner Trilogy. Australia remains firmly embedded in a property boom that is expected to extend across 2021 and beyond. But beneath the headlines, many interesting trends are emerging this quarter as we continue to explore the post-pandemic world. The upswing in the housing market over the […]
Environmental nuisance and your rights
More than 150mm of rain fell on Brisbane in the month of February followed by more than 300mm in March. While wet conditions are not unusual for South East Queensland, the volume and constancy of rain can create aggravation for home owners suffering from storm water issues, overland flooding and nuisance run off water problems […]
