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REIQ Journal : February 2010
Is your 2010 accredited agency logo on display? Don't get stuck in the past -- ensure your logo is working for you and your agency. The 2010 REIQ accredited agency kits are currently being distributed to accredited agencies where: The responsible o cer and/or the licensee of an accredited agency, or the licensee of an accredited branch o ce, has completed the 2009 CPD requirements; and The membership subscription for the period 1 January -- 30 June 2010 has been paid. Members who have not complied with the 2009 CPD requirements or paid their membership subscription are urged to contact the REIQ as soon as possible. The accredited agency kits contain a 2010 accredited agency window sticker, an REIQ accredited agency certi cate to display in your o ce, and details of how to access the logo les and their usage guidelines. The REIQ secures hundreds of thousands of dollars-worth of free editorial coverage every month, which actively encourages consumers to seek out the sign of an REIQ accredited agency when buying, selling or renting in Queensland. Optimise this promotional opportunity and ensure your current accreditation logos are clearly displayed. A cap of $1 million was applied to all Queensland applications for the rst home owner grant on 1 January 2010. Applicants, who executed contracts on or after 1 January 2010 for properties worth $1 million or more, will not be eligible for the grant. This change necessitated the introduction of a new application form which now includes additional supporting documentation required to be supplied with each application. The new form outlines the instances where evidence of value is also required to be submitted to apply for the grant. The new application form became e ective from 1 January 2010 and is available on the O ce of State Revenue (OSR) website (www.osr.qld.gov.au). The Queensland cap is currently the highest nationwide with the level at which rst home buyers can access the grant set at $750,000 in New South Wales, Western Australia and the Northern Territory, and $600,000 in Victoria. However this could be short-lived. Treasurer Andrew Fraser has stated the Government is committed to going further and plans to lower the cap to $750,000 by mid-2010. The introduction of the cap coincides with the completion of the rst home owners 'boost,' also e ective from 1 January 2010. The amount eligible rst time buyers can receive has been scaled back from $10,500 for established homes and $14,000 for new homes with both grants reverting to the original $7,000. The State Government has said it will investigate boosting the rst home owner's grant to encourage rst-time home owners to head into Queensland's regional centres. The proposed $3,000 boost to the grant for home owners outside of the south east corner is one of a raft of initiatives the Government is investigating to help relieve the pressures of population growth on South East Queensland. For further information contact the OSR on 3225 1745 or via email firstname.lastname@example.org. First home owner grant capped as 'boost' ends REIQ Journal February 2010 4 Industry News
December January 2010