THE Queensland government has released the first review of real estate laws in the state, affecting property professionals, body corporates and owners.
QLD attorney-general Jarrod Bleijie has released the first two issue papers for a review.
“For too long, these industries have been strangled by unnecessary red tape and regulation… It’s time we brought the property laws into the 21st century to help revitalise the market. I am pleased the first two issue papers on seller disclosure requirements and body corporate lot entitlements will kick start this review.
“We are proud to partner with the Commercial and Property Law Research Centre at the Queensland University of Technology (QUT) who are experts in the field of property law,” he added.
Bleijie said that QUT was initially focusing on the effectiveness of the current seller obligations and whether the current body corporate lot entitlement needed reform.
“We want all consumers to be properly informed when it comes to buying property,” he said. “This is about getting the balance right and having a system that promotes the future of the property sector.”
Property Review
