Gorgeous Queenslander

REIQ’s assertive rental law campaign

THE Real Estate Institute of Queensland (REIQ) is calling on property managers and property investors in Queensland to join its campaign to convince the State Government to reconsider proposed stage 2 rental law reforms.

REIQ chief executive officer Antonia Mercorella said the peak body was preparing its submission to the Queensland Government’s option paper regarding stage two rental reforms, and would ensure the voices of property managers and property investors are represented and heard.

“The REIQ is concerned with ongoing and consistent rental law reforms in Queensland which are progressively eroding property investor rights along with their confidence and interfering with contractual relations,” she said.

“If investors decide that enough is enough and either sell or withdraw their properties from our state’s rental pool, the critical rental crisis in Queensland will only get worse.

“If you too are concerned by this, we’re asking property investors to add your voice to the REIQ campaign which will advocate against the majority of the proposed stage 2 rental law reforms.

“With as many voices as possible, we can be heard by the government and advocate for more fair and balanced law reforms that will benefit both tenants and property investors in Queensland.”

l CAIRNS NORTH

AN old Queenslander, affectionately known as Frangipani House at Cairns North, is under offer after just its first open home.

Professionals Cairns-Edge

Hill principal Billy Gartner said the home attracted 30 groups who inspected the property, with four contracts drawn up.

“This gorgeous old girl has all the features you would expect to find in a traditional old Queenslander,” he said.

“There are high ceilings, tongue and groove walls, hardwood timber floors, sprawling verandas and the bonus of a large outdoor deck/entertaining area overlooking a sparkling Pebbletex inground pool.

“Upstairs, you’ll find three spacious bedrooms plus a fulllength veranda/sleepout.

“Downstairs, there’s a small studio with a kitchenette (not legal height) and another bathroom.”

Mr Gartner said the property was on a rare 809m2 corner allotment and with multi-unit zoning there was potential to build another dwelling at the back with a private entrance off Lily Street or even raise and build additional unit/units underneath with council approval.

“She has ‘really good bones’ and heaps of potential to add personal touches and develop further to provide additional income,” he said.

The house’s features include:

• Four bedrooms

• Two bathrooms

• Four car spaces

• 809sqm

• A pool

• A ground level studio with kitchenette.

The price was $780,000 negotiable.

Mr Gartner at Professionals Edge Hill can be contacted on 0407 102 103 or www.professionalsedgehill.com.au/

The REIQ is encouraging property investors to get involved by using the REIQ’s template letter as a base to draft correspondence to send to their local MP, and completing a survey to share their lived experiences with the REIQ – accessible via the REIQ website.

The options paper was released by the government on April 18.