‘Ludicrous’: Greens’ rental reform attempt blasted SHARE THIS ARTICLE
The Real Estate Institute of Queensland has hit back at a parliamentary proposal that would cap rental increases to once every 24 months, scrap “no grounds” evictions, ban rental bidding and restrict lessors’ rights to end tenancies.
The Private Members Bill Residential Tenancies and Rooming Accommodation (Tenants’ Rights) & Other Legislation Amendment Bill 2021 was introduced into Queensland State Parliament on Wednesday, 26 May, by the Queensland Greens.
According to the Real Estate Institute of Queensland (REIQ), it’s “a recycled policy position from years ago disguised as a necessary response to current tight vacancy conditions”.
More agents work from home to increase efficiencies, decrease costs SHARE THIS ARTICLE
The work-from-home trend has been spreading across the real estate industry, with more agents reportedly seeking flexible work arrangements to better leverage on current market conditions.
Following the workspace shift brought about by the pandemic, back in February, the Australian Bureau of Statistics found that employed people were almost twice as likely to work from home at least once a week now (41 per cent) compared with pre-pandemic times (24 per cent).
Ultimately, more agents are finding the work-from-home set-up to be “the most efficient and cost-effective way of operating” their businesses.
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Business conditions stable in May: Australia
Most Australian businesses reported stable trading conditions in May, with more than three quarters (78 per cent) experiencing either no change or an increase in revenue, according to survey results released today by the Australian Bureau of Statistics (ABS).
ABS Head of Industry Statistics, John Shepherd, said the latest Business Conditions and Sentiments Survey showed that while fewer than one in ten businesses (8 per cent) expected their revenue to fall in June, some businesses were still recovering from the effects of the COVID-19 pandemic.
“This can be seen in the amount of cash on hand that businesses reported. While 43 per cent of businesses told us their cash on hand could cover three months or more of business operations (compared to 42 per cent in February), 25 per cent reported that their current cash on hand was lower than usual for this time of year.