More interstate investors are eyeing off the Sunshine State because of its affordability but buying in Queensland is different than elsewhere.
Differing rules and regulations around the country means that buying and selling property is not the same in each State or Territory.
In fact, Queensland has plenty of property quirks that interstate buyers must understand to prevent an investment blunder.
A large crowd of people gather for the auction of 50 Mellor Street, Kedron. Photo: Bradley Kanaris
Real Estate Institute of Queensland CEO Antonia Mercorella says the state’s property laws differed to New South Wales and Victoria, which could stymie the uneducated buyer.
“Unlike New South Wales and Victoria, in Queensland when a property is going to auction, the agent cannot give potential buyers or auction attendees any guidance on the price,” she says.
“This is a measure that has been...
Read more: Six things that interstate buyers must understand about Queensland - Domain News