{"id":26599,"date":"2020-08-06T13:07:18","date_gmt":"2020-08-06T01:07:18","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26599"},"modified":"2020-08-06T13:07:18","modified_gmt":"2020-08-06T01:07:18","slug":"qld-agents-call-out-premier-to-protect-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/qld-agents-call-out-premier-to-protect-property-market\/","title":{"rendered":"Qld agents call out Premier to protect property market"},"content":{"rendered":"<p><strong>PHOTO: REIQ CEO Antonia Mercorella<\/strong><\/p>\n<p>The Real Estate Institute of Queensland (REIQ) is strongly urging the Palaszczuk government to protect the state\u2019s property market as new cases of the coronavirus become apparent.<\/p>\n<p>REIQ CEO Antonia Mercorella, on behalf of the body representing Queensland real estate professionals, said she has made numerous calls to the state government, pleading for essential temporary measures to help minimise the economic impacts of COVID-19 on the sector. It comes after Queensland Premier Annastacia Palaszczuk renewed restrictions that will see NSW and ACT residents unable to cross the border to the Sunshine State.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-house-prices-may-plummet-by-up-to-30-as-stage-4-lockdown-cripples-the-real-estate-market\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image\" src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Melbourne.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Melbourne house prices\" width=\"460\" height=\"270\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-house-prices-may-plummet-by-up-to-30-as-stage-4-lockdown-cripples-the-real-estate-market\/\" rel=\"bookmark\">Melbourne house prices may plummet by up to 30% as Stage 4 lockdown cripples the real estate market<\/a><\/h2>\n<\/header>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cRecord-low interest rates, significant policy support and loan repayment holidays for distressed borrowers, coupled with an earlier reopening of the economy and our state\u2019s borders, have meant the various worst-case scenarios of 20\u201330 per cent price falls that some economists predicted are unlikely,\u201d Ms Mercorella said.<\/p>\n<p>\u201cHowever, with Queensland\u2019s unemployment currently at 7.7 per cent, consumer sentiment down 5.8 points this month (the second largest fall this year) and the latest consumer price index figures plummeting to a record 72-year low, any significant drops in property prices will only adversely affect consumer confidence and further and stymie economic growth.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.realestatebusiness.com.au\/breaking-news\/20273-qld-agents-call-out-premier-to-protect-property-market\">REB<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Melbourne house prices may plummet by up to 30% as Stage 4 lockdown cripples the real estate market\" href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-house-prices-may-plummet-by-up-to-30-as-stage-4-lockdown-cripples-the-real-estate-market\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Melbourne.jpg?fit=634%2C423&amp;ssl=1&amp;resize=40%2C40\" alt=\"Melbourne house prices may plummet by up to 30% as Stage 4 lockdown cripples the real estate market\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; 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