PROPERTY REFORMS TO SIMPLIFY PURCHASES

PROPERTY REFORMS TO SIMPLIFY PURCHASES

STATE government passed new laws in Parliament overnight, making it easier to purchase a property or car in Queensland.

The Property Agents and Motor Dealers Acts 2000 has been divided into two industry-specific Bills, cutting red-tape when buying big ticket items.

“Buying a house or car is one of the biggest decisions we can make in our lifetime and the simpler we make the process, the greater Queenslanders are protected.

Key changes to the Act include deregulating agents’ commissions to align with other states, streamlining claim funds, reducing the number of forms and developing an easier license system for the real estate industry.

“By streamlining the process, we’re reducing costs and other burdens for people buying and selling real estate, property professionals and the broader community.”

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