What You Need to Know About Queensland’s Real Estate Market — The Elephant in the Room My Title

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The Elephant in the Room
The property podcast for the thinking person.

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Episode 303: What You Need to Know About Queensland’s Real Estate Market

Unlike several other Australian states, Queensland allows vendors and their agents to maintain a significant level of confidentiality by imposing minimal property disclosure requirements. Moreover, it stands as the sole place where buyers can readily forego their cooling-off rights, a fact that frequently takes investors from southern states by surprise, emphasising the need for expert guidance.

But the surprises don't stop there! Queensland holds the distinction of being the most lenient state for acquiring a class 1 real estate license, enabling even those with little experience to establish themselves as buyers' agents. And this is just a small part of the narrative that paints a picture of Queensland's real estate market as the wild west of property investment. So, what exactly is happening in this tropical paradise?

In this episode, we shine the spotlight on Queensland — also known as the Sunshine state, and its distinctive landscape, which may astonish you. We are joined by a special guest, Antonia Mercorella, the CEO of the Real Estate Institute of Queensland, to delve into the intricacies and peculiarities that set Queensland's real estate market apart from the rest of the country.

Tune in to gain valuable insights and understand the intricacies of Queensland's real estate landscape!

Episode Highlights:

00:00 - Introduction

01:35 - Who is Antonia Mercorella?

04:29 - Property disclosure laws in Queensland, Australia

09:57 - Are real estate professionals in Queensland prepared for legislative changes?

13:02 - The quirks of Queensland’s real estate pricing rules

14:53 - What's the logic behind Queensland's approach to real estate investments

19:47 - How Antonia handles representing an industry with a poor reputation

27:13 - What's the REIQ's position on aligning licensing standards?

34:10 - Real estate agent education and licensing requirements

37:25 - Elevating education and training for Queensland's real estate practitioners

45:54 - Strata living and management rights in Queensland

50:36 - Can strata management change to better serve property owners?

54:05 - Antonia Mercorella’s property dumbo

About Our Guest:

Antonia Mercorella is the powerhouse CEO of Real Estate Institute of Queensland (“REIQ”).  She is a lawyer by profession and for the last 2 decades, she’s headed up legal counsel for the industry’s peak bodies in South Australia and later in Queensland, where she’s also served as CEO for the last nine years. As the REIQ’s first female CEO, and its youngest at appointment date, Antonia has transformed the 105-year-old Institute into one of most progressive and high-profile industry associations in Australia. Antonia has led and shaped some of the most significant real estate legislative reforms across multiple jurisdictions. Her ability to lead and develop advocacy programs has drawn national and international attention. Antonia holds a Bachelor of Laws with Honours and a Bachelor of Educational Theatre.

Connect with Antonia Mercorella:

Resources:

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Chris Batesde-index