QLD premier Anna Bligh to cut through property red tape

It could soon be easier to purchase residential property in Queensland, thanks to a new move announced by state premier Anna Bligh.

The change, which would see only a single contract required for a house to be sold, could take effect as early as next month.

Real estate agents and conveyance lawyers are just two of many groups who would benefit from the reduction in red tape, Bligh stated.

At the moment, several documents are required for each property sale - including pool safety declarations, warning statements, sustainability declarations, information sheets, disclosure statements and, of course, the contract of sale itself.

"We intend to rid the industry of unnecessary complications making it easier to buy and sell a home in Queensland," Bligh said of her plans to streamline the service.

Less paperwork could boost the appeal of Brisbane property investment, as buyers and sellers may find the process considerably simpler.

Another factor that could support investors is the extension of the Queensland Building Boost scheme for another three months.

The Real Estate Institute of Queensland's chief executive officer Anton Kardash asserted earlier this month that extending the scheme could benefit hundreds of prospective buyers across the state.

Posted by Tyler Wyndham