(NOTE: If you're looking for the document for the submission. Click on this link here to open your word submission document. Give it a name- ie “John Smith’s submission form” and add your name to the bottom of the submission (in the highlighted red section). Save it in your computer. Or click here if you need a step-by-step instruction. Have your say on the QLD Rental Reforms here: https://www.yoursayhpw.engagementhq.com/give-feedback-renting-in-qld/survey_tools/written-submissions-renting-in-qld)
If you own an investment property in Queensland, regardless of where you live, this is an important message that requires your immediate attention.
Below, you will find details regards PICA QLD’s position on the proposed changes to rental tenancy legislation, and links to assist in lodging your own submission.
We implore every member to make a personal submission to the Queensland Government regarding proposed changes to rental tenancy legislation. You only have until 5pm Saturday 28 December 2019 to have a say, so it’s imperative to act now and ensure property investors are heard on an issue that will affect your financial security.
QLD Rentals Reform Consultation
The Queensland Government has announced Stage 1 of its proposed rental reform, with changes to include:
- Forcing property owners to consent to pets
- Allowing tenants to modify properties without consent
- Forcing property owners to renew tenancies indefinitely
- Introduction of minimum housing standards requiring the rental property and its inclusions to meet prescribed standards and to be in a certain state of repair.
Given the significant changes, you could be impacted by:
- Increased holding costs
- Loss of control over your investment and tenant selection.
- Reduced value of your investment property
PICA QLD strongly opposes the proposed changes in their current form, given they dramatically impact property investors and will have substantial flow-on consequences for tenants.
PICA QLD has been disappointed by the lack of fairness and balance that the government has demonstrated through the proposed reforms. As the state council for Australia’s peak body representing property investors, we are seeking better balance and fairer protections for property owners.
The vast majority of QLD property investors own just one property. As such, these proposals will dramatically disadvantage hard working “mum and dad” investors who have adopted real estate as an investment vehicle for financial independence, and are actively working to ease the nation’s welfare burden.
PICA supports modernised reforms however adequate and balanced consultation around the largest changes to Queensland rental legislation in generations has been sorely lacking.
PICA’s charter includes a commitment to engage with Government, Industry and the community to ensure property investors receive appropriate representation on all matters that directly and indirectly impact them.
You are encouraged to provide feedback on the proposed changes that will negatively impact property owners and renters.
To help you make your submission please follow the instructions below or click here for a step-by-step instructions. You can also cut and paste the information below or make amendments as you see fit:
- Click on this link here to open your word submission document. Give it a name- ie “John Smith’s submission form” and add your name to the bottom of the submission. Save it in your computer.
- Click on this link https://www.yoursayhpw.engagementhq.com/give-feedback-renting-in-qld/survey_tools/written-submissions-renting-in-qld
- You’ll need to create an account for the submission. Click on “Register”
- Fill in the Registration form and click “Register”.
- Next is to activate your account. Log in to your email and click on the link provided.
- You’ll be redirected to a confirmation page. Click on “Continue”
- You’ll start to see a series of fields. If you’d like a sample from PICA’s submission, please click here to download the sample.
- On Question 15, click on “Choose file…” and look for the submission form that you’ve saved on your computer. Click on “Open” and that will attach the file.
- Click on “Submit”
Submissions close 5pm AEST, 28 December 2019.