Everyone Matters in Real Estate: And Our Voices Have Been Heard

Advocacy, Industry News, Journal,  Buyers and sellers,  Principals,  Property Managers,  Salespeople

The Real Estate Institute of Queensland’s (REIQ) latest industry campaign, Everyone Matters in Real Estate, targeting the Queensland Government and its proposed Special COVID-19 Protections for Residential Tenants and Owners may be the shortest grassroots campaign in the history of the Peak Body’s 102 years. Kicking off last Tuesday evening 14 April 2020 with an impassioned call to arms by The REIQ’s CEO, Antonia Mercorella, it was only three days until the Palaszczuk Government conceded.

Why so quick to wave the white flag you may ask? It’s all thanks to you, our members and the incredible power of word of mouth. It resulted in more than 351,000 template letters being downloaded and sent to Premier Palaszczuk as well as many local MPs across Queensland. Backed by an endless stream of media that helped push the message further, including coverage in prime time news across every station, extensive radio interviews played nationally on the hour every hour as well as features on Brisbane’s top-rating breakfast radio shows, spots on Channel 9’s A Current Affair and Today Show, and a decisive segment on 4BC’s Breakfast Show with Alan Jones that helped catapult the campaign out of the stratosphere.

As a result, the Palaszczuk Government has worked with The REIQ and other industry stakeholders to establish a revised set of reforms in line with our campaign to better support Queensland’s approach to implementing the Prime Minister’s moratorium on evictions decided by National Cabinet. A summary of the temporary special measures includes:

  • Threshold criteria to qualify for the application of the COVID-19 rental response, that includes a 25% reduction in income, or where rent exceeds 30% of the tenant’s income;
  • Tenants can be asked to provide the same proof of finances to property managers just as they would when starting a tenancy;
  • Clear guidance on access for the sale of the property, virtual rental inspections and access for essential repairs and maintenance;
  • A 75% income loss threshold before a tenant can end a tenancy with a 7-day cap on break lease fees; and,
  • Limiting any extension on the term of a tenancy agreement during the COVID-19 period to September 30, 2020 unless agreed otherwise by the owner and tenant, or there is an appropriate ground to end the tenancy.

For more details regarding these temporary special measures, tune into The REIQ’s Facebook page tonight where CEO Antonia Mercorella will be hosting a livestream where she will discuss each special measure amendment in more detail. It’s a presentation you won’t want to miss. To access out Facebook page, simply click here.

Meanwhile, The REIQ is also hosting a special webinar tomorrow (Thursday) @ 2pm-3.30pm – titled Practical Explainer: Special COVID-19 Measures for Real Estate. Hosted by Antonia Mercorella and Connie McKee, as the only industry representatives involved in the drafting of the Bill, there’s no-one better placed to step REIQ members thorough the practical application of these laws for your real estate business. If you manage or sell tenanted properties, you need to see this webinar.

Free for REIQ individual members as well as those who work for an REIQ Accredited Agency, this webinar delivers critical information for residential real estate business owners, property managers and salespeople. Topics include:

  • Who these temporary measures apply to;
  • The practical implications and what to look out for;
  • What it means for sales of tenanted properties;
  • New grounds for termination;
  • Special entry provisions; and,
  • Exceptions – specific considerations and scenarios that sit outside the framework.

To secure your spot today for this important free webinar, simply click here now.