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  • 09 Jan 2024
  • 3 min read
  • By REIQ CEO Antonia Mercorella

From the CEO: 10th January 2024

First home buyers, Stamp duty

Welcome to the first Journal of 2024! The REIQ is beginning the new year by calling for an overdue revision and uplift to the stamp duty concession threshold rates for first home buyers. As it currently stands, Queenslanders can buy their first home and pay no stamp duty provided the property is under $500,000. Your peak body is advocating for the concessional threshold for first home buyers to be increased to at least $750,000 to reflect current day property prices. While the REIQ will continue to advocate for reform to the inefficient and regressive stamp duty tax, we believe raising the concession threshold for first home buyers is a sensible interim measure. You can find out more about our views here.

A reminder the REIQ has partnered with Aon and CyberCert to produce the Cyber Resilience Toolkit for the real estate profession. The toolkit aims to equip professionals with the knowledge and guidance needed to navigate the increasing risk of cybercrime in the real estate industry. You should never get complacent about the potential for your agency’s data or financial transactions being stolen by cybercriminals. One simple mistake could open the floodgates. As an added bonus, the REIQ has partnered with CyberCert to offer our members discounted cyber security certification. CyberCert’s cyber security certification proves to your business partners, clients, and customers that you are taking all necessary steps to safeguard their information. Find out more here.

Our hearts go out to communities in North and South East Queensland affected by storms and floods in recent weeks. REIQ members are reminded that they can contact our Agency Advisory Service or Property Management Support Service on 1300 697 347 if they need advice regarding sales or property management issues. Real estate professionals can also access our Disaster Toolkit to help them respond to these disastrous events.

 

Read more from Antonia Mercorella: From the CEO: 20th December 2023.

Or browse our news and updates here.

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