Queensland is looking to revamp its current regulation surrounding property law.
According to attorney general Jarrod Bleijie, the state is bringing in property law experts to remove the "unnecessary regulation" that is currently prevalent with the sector.
Mr Bleijie announced that an independent panel will assess Queensland Property Law Act 1974, Land Sales Act 1984 and Body Corporate and Community Management Act 1997 and come up with two issue papers.
These are expected to be released in early 2014 and Mr Bleijie believes it will help residents to buy, sell and manage property much easier than before.
"To put it simply, property law in this state needs a makeover and we are determined to provide a first class framework that will meet the needs of Queenslanders well into the future," Mr Bleijie added.
Queensland is still coming to terms with the devastation caused by the 2013 floods which impact on housing prices across areas such as Ipswich, according to the Real Estate Institute of Queenslands.
Posted by Craig Francis