Ray White Now 2025 – Local Reports
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The below article was written by Hynes Legal
The Queensland Government today announced a raft of proposed changes to current body corporate laws, including making it easier to redevelop aging apartment blocks.
The proposed new laws would require just 75% of lot owners to approve the termination of a scheme where the body corporate has agreed it is more financially viable to terminate rather than maintain or remediate the scheme. It seems that this is the only basis on which schemes can be brought to an end without 100% support.
There are many questions still to be answered, including whether dissenting owners will be compensated beyond the sale price of their lot for the inconvenience and cost of having to move, and what actually constitutes the financial triggers. Is it the equivalent of a car write-off?
Currently, a scheme can only be brought to an end if all owners agree to that, regardless of the age or dilapidation of the scheme.
The community title law reform working group has also discussed numerous other issues, the responses to some of which have also been announced in principle. Other proposed changes announced today include:
Click here to view the Airlie Beach report. Click here to view the Proserpine report. Click here to view the Bowen report. Click here to view the Whitsunday report.
Australia’s housing market shows two-speed performance. Major east-coast capitals stall while Perth, Adelaide and regional areas continue climbing. Supply shortages fuel outperformers as auction competition cools nationwide. Australia’s housing market levelled out in November, with both national house and unit prices unchanged over the month at $940,000 and $710,000 respectively. … Read more