: New commercial contracts were introduced on July 21, 2022 , to mirror the residential changes and ensure state-wide consistency for commercial land and buildings.
: New obligations for sellers to install smoke alarms in compliance with regulations that commenced on January 1. REIQ_-_2022_Jan_to_Aug.zip
: Market data indicated a high volume of residential sales by investors throughout the first half of 2022. By September, rental listings were 48.2% lower than the previous five-year average, partly driven by investors exiting the market ahead of new tenancy legislation. Major Regulatory & Contractual Changes : New commercial contracts were introduced on July
: A new clause allowed either party to request a short extension if a financier was delayed. By September, rental listings were 48
The reporting for the period of January to August 2022 captures a pivotal shift in the Queensland property market. This timeframe began with "steaming ahead" growth and record-low vacancies, transitioning toward a more cautious "run" by August as interest rate hikes began to take effect. Market Performance & Trends
: Regional centers like Rockhampton , Mackay , and Gladstone were standout performers, with median days on market as low as 11–13 days .
: The state experienced its tightest rental market in history during this period. Vacancy rates hit a critical 0.5% state-wide in the June quarter of 2022, with some regional pockets like Maryborough dropping as low as 0.1% .