Investors eyeing real estate in Rockhampton should be pleased with the new Property Agents and Motor Dealers Act (PAMDA).
PAMDA is intended to streamline the process of buying property in Queensland, good news for both investors and those looking sell property in Rockhampton.
“Queenslanders will have a far simpler and streamlined system under this government,” said Attorney-General Jarrod Bleijie on November 21.
“Lengthy contracts can often do more harm than good, with many people either skimming over important information or in some cases people are not reading the finer detail at all.
Mr Bleijie went on to say that buying a house is one of the biggest decisions a Queenslander can make, and that simplifying the process is in everyone's best interest.
PAMDA reduces the number of government forms necessary to buy property.
Anton Kardash, chief executive of the Real Estate Institute of Queensland (REIQ) described the changes as a "win-win".
Queensland is the first jurisdiction to take this step, and it is hoped that less red tape will benefit property buyers and sellers of all stripes.