Property laws determining rules and guidelines for how to sell, buy and manage residential property in the Gold Coast can be confusing at times.
From navigating strata schemes and body corporate to providing seller disclosure statements – there is a lot to remember and understand when buying or listing homes for sale in the Gold Coast.
However, the state government has announced that it will review current laws in place in order to make things clearer and more streamlined for both sellers and purchasers.
According to Attorney-General Jarrod Bleijie, the government will look at body corporate laws and removing red tape in the real estate industry.
"In the past year, this government has moved quickly on a range of issues that were an enormous burden on buyers, sellers and the industry, including deleting the requirement to provide sustainability declarations and completing a review on the Property Agents and Motor Dealers Act," said Mr Bleijie.
These changes have already helped many who are buying or selling Gold Coast real estate, as the process has become simpler.
For instance, the Property Agents and Motor Dealers Act was split to provide the different industries included with better cover, and to protect consumers. This has then helped to reduce red tape for those who were buying or selling.