Negotiation with sellers

Research the market value of the property

When it comes to negotiating with sellers, one of the most important factors to consider is the market value of the property. Researching the market value can give you a better understanding of what a fair price for the property may be, and can help you negotiate more effectively with the seller.


There are several ways to research the market value of a property. One common method is to look at recent sales of similar properties in the area. By comparing these sales prices to the asking price of the property you are interested in, you can get a sense of whether the asking price is in line with current market trends.


Another way to research market value is to work with a real estate agent or appraiser who can provide you with a professional opinion on what the property is worth. These professionals have access to data and tools that can help them determine an accurate valuation for the property, which can be useful information when negotiating with sellers.


Overall, researching the market value of a property is an important step in negotiating with sellers. By having a clear understanding of what the property is worth, you can make more informed decisions and negotiate from a position of strength.

Determine your budget and maximum offer amount

When it comes to negotiating with sellers, one of the most important steps to take is determining your budget and maximum offer amount. This will help you set clear boundaries and avoid overspending on a purchase.


First, take some time to carefully examine your finances and determine how much you can comfortably afford to spend on the item in question. Consider factors such as your income, expenses, and any other financial obligations you may have. Be realistic about what you can afford without putting yourself in a tight spot financially.


Next, consider the value of the item you are looking to purchase and do some research to get an idea of its market price. This will help you gauge whether the seller's asking price is fair or if there is room for negotiation. Keep in mind that sellers may be willing to negotiate on price, especially if they are motivated to make a sale.


Once you have a clear understanding of your budget and the value of the item, set a maximum offer amount that you are comfortable with. This should be the highest price you are willing to pay for the item, taking into account both its value and your financial situation. Remember that it's okay to walk away from a deal if the seller is not willing to meet your offer.


In conclusion, determining your budget and maximum offer amount is crucial when negotiating with sellers. By setting clear boundaries and being realistic about what you can afford, you can ensure that you make smart purchasing decisions and get the best possible deal.

Research the market value of the property

Gold Coast Buyers Agent

When considering purchasing property on the Gold Coast, getting a professional Gold Coast buyers agent is essential for making the right decisions. A buyers agent offers invaluable services to support you through the complexities of real estate, from the initial consultation all the way through to the purchase completion. With the local property market growing consistently, understanding property prices, neighborhood dynamics, and investment potential can be overwhelming without expert assistance. A skilled buyers agent for Gold Coast helps ensure that you make an informed, strategic decision that aligns with your goals, whether you're buying a starter home, investment property, or luxury real estate.

Why Choose a Gold Coast Buyers Agent?

The Gold Coast real estate market is ever-changing and fast-paced, with a wide range of properties available, from beachfront homes to luxury apartments and suburban family homes. For first-time buyers or seasoned investors, understanding this market can be daunting. A professional buyers agent for the Gold Coast can help you unlock the full potential of your property purchase.

  1. Local Expertise: A buyers agent for Gold Coast brings in-depth knowledge of the region’s real estate landscape. With years of experience, they can identify hidden gems, negotiate on your behalf, and ensure you're aware of all the key factors influencing property values. Their expertise provides an edge in this competitive market.
  2. Efficient Process: Searching for the perfect property can be a time-consuming process, especially in a market as varied as the Gold Coast's. A buyers agent streamlines the search, curating a list of properties that match your preferences and budget, saving you countless hours.
  3. Market Insights: With fluctuating property prices and varying demand across neighborhoods, it's essential to have access to current market trends and property values. A buyers agent provides comprehensive market analysis, ensuring you make a sound financial decision and avoid overpaying for a property.
  4. Exclusive Access: Many of the best properties are sold off-market, and without local connections, they may not be accessible. A buyers agent for Gold Coast often has exclusive access to listings not available to the general public, increasing your chances of finding your ideal property.

The Role of a Gold Coast Buyers Agent in Your Property Purchase

The process of purchasing property involves much more than just finding the right home. A Gold Coast buyers agent serves as your trusted advisor throughout the entire transaction. They assist with everything from initial consultations to post-purchase support.

  1. First Meeting and Briefing: When you first engage a buyers agent for the Gold Coast, they’ll take the time to understand your unique requirements, whether it's your budget, preferred location, or the type of property you're seeking. By fully understanding your needs, they can identify the properties that best match your criteria.
  2. Property Search and Selection: Once your preferences are established, a buyers agent starts researching and shortlisting properties. They use their local knowledge to find suitable options and arrange viewings, saving you time by eliminating properties that don't meet your needs.
  3. Negotiation and Offer Submission: One of the most valuable services a Gold Coast buyers agent provides is expert negotiation. They can negotiate on your behalf to secure the best possible price and terms for the property. Whether it's negotiating the price, inclusions, or settlement terms, their experience ensures you get the best deal.
  4. Due Diligence and Inspections: A professional buyers agent ensures that all due diligence is carried out before you commit to a property. This includes recommending inspectors for building and pest inspections, assessing the property’s potential for capital growth, and checking local zoning laws to ensure the property meets your long-term goals.
  5. Seamless Closing Process: The final stages of the property purchase can be complicated, involving paperwork, legal processes, and final negotiations. A buyers agent for the Gold Coast manages these details, ensuring a smooth and hassle-free closing experience.

The Advantages of Working with Savvy Fox, Your Trusted Gold Coast Buyers Agent

At Savvy Fox, we pride ourselves on being a top-tier buyers agent for Gold Coast with a track record of successful property purchases for our clients. Here’s why working with us can make a difference in your property journey:

  1. Custom Strategy and Personal Service: We take the time to understand your individual property goals and financial situation. Our personalized approach ensures that we identify properties that not only meet your needs but also provide long-term investment potential.
  2. Extensive Network: Our strong relationships with local real estate agents, property developers, and industry professionals give you access to exclusive off-market deals and opportunities that others may not have access to.
  3. Track Record of Success: Our clients benefit from our comprehensive understanding of the Gold Coast property market. Whether you're a first-time buyer or an experienced investor, we help you make informed decisions that align with your financial goals.
  4. Value for Money: While engaging a buyers agent for Gold Coast involves a fee, it’s a cost-effective strategy when you consider the potential for negotiation savings, market insights, and the value of avoiding costly mistakes.

The Gold Coast Property Market: Trends and Insights

The Gold Coast market is known for its strong growth and potential for capital appreciation, making it a prime location for investment. In recent years, the Gold Coast has become a hotspot for both local and interstate buyers, with properties in certain areas seeing significant price increases.

  1. Growing Buyer Interest: The demand for properties, particularly in areas like Surfers Paradise, Burleigh Heads, and Broadbeach, has been increasing steadily. This trend is expected to continue due to the area's attractive lifestyle amenities, including beaches, parks, and recreational facilities.
  2. Strong Capital Growth: Over the past decade, the Coast property market has seen a consistent rise in property values, making it an appealing option for investors looking for long-term growth. With the recent infrastructure developments, including new transport links and urban redevelopment, the market is expected to continue expanding.
  3. Financing Opportunities and Financing: The current low interest rate environment makes it an ideal time for property buyers to invest in real estate. However, navigating financing options and securing favorable loan terms can be challenging without the guidance of an experienced buyers agent for Gold Coast.

Investing in Property on the Gold Coast: What You Need to Know

Investing in property on the Gold Coast offers exciting opportunities, but it requires careful consideration. Whether you're looking for residential or commercial properties, there are several factors to keep in mind. A Gold Coast buyers agent can help you assess the investment potential of a property by considering factors such as location, amenities, rental yield, and future market trends.

  1. Strong Rental Market: The Coast boasts a strong rental market, with both long-term and short-term rental properties in demand. Areas close to the beach, public transport, and major attractions tend to offer the best rental returns.
  2. Profit Potential: The Coast has consistently outperformed many other markets in terms of capital growth, making it a great choice for investors looking for long-term wealth creation.
  3. Diversification Opportunities: Investors looking to diversify their portfolios will find plenty of opportunities on the Gold Coast, including residential properties, commercial spaces, and holiday rentals.

Start Your Property Journey with Savvy Fox

If you're ready to take the next step in your property journey on the Coast, Savvy Fox is here to assist you every step of the way. With our professional expertise, extensive market knowledge, and commitment to achieving your property goals, you can trust us to help you navigate the competitive buyers agent for Gold Coast market with confidence.

Contact us today to learn how we can assist you in finding the perfect property on the Coast.

How the Gold Coast, Australia Has Changed Over the Years

The Gold Coast has transformed significantly over the decades. Once a quiet coastal area, it has grown into a major Australian city with modern infrastructure, urban development, and improved public services. This article explores how the city has changed and what improvements have shaped its current identity.

Early Days and Growth of Tourism

The Gold Coast was originally home to the Yugambeh people. European settlers arrived in the 1800s, bringing agriculture and timber industries. The region remained a collection of small towns until tourism became a driving force in the early 20th century.

By the 1950s, Southport and Surfers Paradise had become popular holiday destinations. Hotels, motels, and beachside resorts attracted visitors from across Australia. Tourism infrastructure expanded, leading to new businesses and job opportunities.

Development of High-Rise Buildings

The 1970s and 1980s saw rapid urban development. High-rise buildings replaced smaller motels and homes along the coastline. Surfers Paradise became the center of growth, with new apartment complexes and hotels offering ocean views.

By the 1990s, more skyscrapers had reshaped the skyline. The development of luxury apartments and commercial spaces attracted investors and residents. The city became known for its modern skyline and beachfront living.

Expansion of Infrastructure

The Gold Coast’s growth required improved transport and public facilities. Major road expansions, including the Pacific Motorway (M1), connected the city with Brisbane. This allowed for easier commuting and business expansion.

The construction of the Gold Coast Airport in Coolangatta improved travel options. More domestic and international flights increased tourism and business opportunities. Today, the airport continues to expand, supporting the city’s global connections.

Introduction of the Light Rail System

The introduction of the G:Link light rail in 2014 was a significant improvement. The system provided a reliable public transport option, reducing congestion on major roads. The light rail connected key areas such as Southport, Surfers Paradise, and Broadbeach.

New extensions are planned to reach further suburbs, making travel easier for residents and visitors. The light rail has encouraged development along its route, bringing more businesses and residential buildings.

Growth in Population and Housing

The Gold Coast has seen a steady increase in population. More people have moved to the city due to its climate, lifestyle, and job opportunities. This growth has led to new housing developments in suburbs like Coomera, Robina, and Pimpama.

Master-planned communities have become more common, offering modern housing, schools, and shopping centers. New developments provide options for families, professionals, and retirees looking for affordable housing near the coast.

Expansion of Commercial and Retail Spaces

The Gold Coast’s retail sector has grown to match its expanding population. Shopping centers such as Pacific Fair, Robina Town Centre, and Harbour Town have undergone major upgrades. These centers offer a mix of high-end stores, entertainment, and dining options.

New business hubs have emerged, including office spaces in Southport, Bundall, and Robina. The city now attracts professionals in finance, technology, and healthcare industries.

Development of Education and Health Facilities

Education and healthcare services have expanded significantly. Griffith University and Bond University have grown, attracting students from across Australia and overseas. These universities provide research facilities and professional training programs.

The Gold Coast University Hospital, opened in 2013, is one of the largest medical facilities in Queensland. It offers advanced healthcare services and has created jobs in the medical sector. New private hospitals and clinics continue to improve access to healthcare.

Sports and International Events

The city has invested in sports facilities and international events. The 2018 Commonwealth Games brought global attention to the Gold Coast. New stadiums, athlete villages, and public spaces were built to support the event.

Since the games, these facilities have been used for local and national sporting events. The Gold Coast remains a destination for major tournaments and competitions.

Environmental and Sustainability Efforts

With rapid development, environmental conservation has become a priority. The city has introduced projects to protect beaches, waterways, and national parks. The council has worked on reducing pollution and improving waste management.

Solar energy use has increased, with many homes and businesses installing panels. Sustainability programs encourage responsible development while preserving the natural beauty of the region.

Future Developments and City Planning

The Gold Coast continues to grow, with future projects planned for transport, housing, and business sectors. The extension of the light rail system will connect more suburbs, making commuting easier.

New housing developments are designed to support the growing population. Business expansion will attract more industries, providing job opportunities and boosting the economy.

Conclusion

The Gold Coast has changed from a small coastal area into a modern city. Improvements in infrastructure, housing, transport, and public services have shaped its growth. The city continues to attract new residents, businesses, and visitors, making it one of Australia’s most dynamic locations.

With ongoing development and careful planning, the Gold Coast remains a great place to live and visit. The future holds more opportunities for growth while maintaining the region’s natural attractions and relaxed lifestyle.

Identify any potential negotiation points or areas for compromise

When negotiating with sellers, it's important to consider various potential negotiation points and areas for compromise in order to reach a mutually beneficial agreement. One key area for compromise could be the price of the item being sold. Both parties may have different ideas about its value, so finding a middle ground that satisfies both sides is essential.


Another negotiation point could be the terms of payment. Sellers may prefer a lump sum payment upfront, while buyers may prefer installment payments or payment upon delivery. Finding a payment plan that works for both parties can help facilitate the negotiation process.


Additionally, other potential negotiation points could include the condition of the item being sold, the delivery timeline, and any additional services or warranties that may be included in the sale. By identifying these points and being open to compromise, both buyers and sellers can work together to find a solution that meets their needs.


Overall, effective negotiation with sellers requires open communication, flexibility, and a willingness to find common ground. By considering potential negotiation points and areas for compromise, both parties can work towards a successful outcome that benefits everyone involved.

Identify any potential negotiation points or areas for compromise
Prepare a list of questions and concerns to discuss with the seller

Prepare a list of questions and concerns to discuss with the seller

When it comes to negotiating with sellers, it's important to come prepared with a list of questions and concerns that you want to discuss. This will help ensure that you cover all of the necessary points and that you have a clear understanding of the terms and conditions of the deal.


Some questions you may want to consider asking include:



  • What is the asking price for the property?

  • Are there any recent upgrades or renovations that have been done to the home?

  • How long has the property been on the market?

  • Are there any known issues or repairs that need to be addressed?

  • What is included in the sale (e.g. appliances, furniture)?

  • Are there any upcoming assessments or fees that I should be aware of?


In addition to these questions, it's also important to voice any concerns or preferences that you have regarding the sale. For example, if you are interested in a quick closing or if you have specific requirements for financing, make sure to communicate these to the seller.


By being proactive and thorough in your questioning, you can ensure that both parties are on the same page and that there are no surprises down the line. Effective communication is key in any negotiation, so don't hesitate to speak up and advocate for your needs and interests.

Practice active listening and remain calm during negotiations

Negotiating with sellers can be a stressful process, but it doesn't have to be. By practicing active listening and remaining calm, you can create a more productive and successful negotiation experience.


One key aspect of effective negotiation is the ability to actively listen to the seller's concerns and needs. By showing that you are truly paying attention to what they are saying, you can build trust and rapport, which is essential for reaching a mutually beneficial agreement. Make sure to ask questions and clarify any points that are unclear, demonstrating that you value their perspective and are willing to work towards a solution that meets both of your needs.


Remaining calm during negotiations is also crucial. It's easy to get caught up in emotions and let frustration or anger take over, but this will only hinder the negotiation process. By staying composed and level-headed, you can approach the situation with a clear mind and make rational decisions based on facts rather than emotions.


Remember, negotiations are not about winning or losing – they are about finding a compromise that works for both parties. By practicing active listening and staying calm, you can create a positive and constructive atmosphere for negotiation that increases the likelihood of reaching a successful outcome.

Be prepared to walk away if the terms are not favorable

Negotiating with sellers can be a tricky process, especially when it comes to reaching mutually favorable terms. One important piece of advice to keep in mind during negotiations is to always be prepared to walk away if the terms are not in your favor.


It can be tempting to settle for less than you originally wanted just to close a deal, but this could end up costing you more in the long run. By being willing to walk away from a negotiation that doesn't meet your needs, you demonstrate strength and establish boundaries that can ultimately work in your favor.


Walking away from a negotiation can also send a strong message to the seller that you are serious about getting what you want and are not willing to compromise on your bottom line. This can sometimes lead the seller to reconsider their position and come back with more favorable terms.


In the end, it's important to remember that negotiations should be a collaborative process where both parties feel satisfied with the outcome. If you find yourself in a situation where the terms are not favorable, don't be afraid to walk away and explore other options. It may take some patience and persistence, but staying true to your goals and being willing to walk away when necessary can ultimately lead to a successful negotiation.

Consider seeking advice from a real estate agent or lawyer during negotiations

When negotiating with sellers, it's always a good idea to seek advice from professionals like real estate agents or lawyers. These experts can provide valuable insight and guidance throughout the negotiation process, helping you navigate any potential pitfalls or challenges that may arise.


Real estate agents are well-versed in the intricacies of buying and selling properties, and can offer valuable advice on market trends, pricing strategies, and negotiation tactics. They can help you determine a fair offer price based on market comparables and assist you in crafting a strong negotiation strategy to secure the best deal possible.


Lawyers, on the other hand, can provide legal expertise and ensure that all contracts and agreements are sound and in your best interest. They can review documents, identify potential risks or liabilities, and protect your rights throughout the negotiation process.


By enlisting the help of professionals like real estate agents and lawyers during negotiations with sellers, you can better position yourself for success and avoid any costly mistakes. Their expertise will give you peace of mind knowing that you have skilled advocates in your corner, advocating for your best interests every step of the way. So don't hesitate to reach out to them for guidance – their knowledge and experience will be invaluable assets as you navigate the complex world of real estate negotiations.

 

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]

Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.

In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]

History of real estate

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The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]

One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]

The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]

Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.

Residential real estate

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Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]

Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]

According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]

Single-family detached house in Essex, Connecticut, United States
Townhouses in Victoria, Australia
Major categories
  • Attached / multi-unit dwellings
    • Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
    • Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
    • Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
    • Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. The British equivalent is a block of flats.
    • Housing cooperative (a.k.a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. Majority of housing in Indian metro cities are of these types.
    • Tenement – A type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access found in Britain.
  • Semi-detached dwellings
    • Duplex – Two units with one shared wall.
  • Detached dwellings
  • Portable dwellings

Other categories

The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.

See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.

Real estate and the environment

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Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]

Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.

Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.

Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]

Development

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Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]

Investment

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In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]

Professionals

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See also

[edit]

References

[edit]
  1. ^ "Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
  2. ^ James Chen (May 2, 2019). "What Is Real Estate?". investopedia.com. Archived from the original on August 18, 2000. Retrieved May 13, 2019.
  3. ^ a b Real Estate. Funk & Wagnalls New World Encyclopedia, 1. 2018.
  4. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 220. doi:10.1163/15718050-19041026. S2CID 158672172.
  5. ^ Klaasen, R. L. (1976). "Brief History of Real Estate Appraisal and Organizations". Appraisal Journal. 44 (3): 376–381.
  6. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 218–227. doi:10.1163/15718050-19041026. S2CID 158672172.
  7. ^ "Louisiana Purchase: Primary Documents in American History". Library of Congress Research Guides. Archived from the original on 2022-06-25. Retrieved 2022-05-18.
  8. ^ Richardson, Patricia (June 2, 2003). "Father-son team scores big at home; Nearly 150 years old, family-owned Baird & Warner Inc. is a dominant force in the area's residential real estate industry, and shows no signs of slowing down or selling out". Crain's Chicago Business.
  9. ^ "History of National Association of Realtors". National Association of Realtors. 13 January 2012. Archived from the original on 13 May 2022. Retrieved 18 May 2022.
  10. ^ Nicholas, T.; Scherbina, A. (2013). "Real Estate Prices During the Roaring Twenties and the Great Depression". Real Estate Economics, 41. 2: 280.
  11. ^ Greer, J. L. (2014). "Historic Home Mortgage Redlining in Chicago". Journal of the Illinois State Historical Society. 107 (2): 204–233. doi:10.5406/jillistathistsoc.107.2.0204.
  12. ^ "A Brief History of the Housing Government-Sponsored Enterprises" (PDF). Federal Housing Finance Agency – OIG. Archived (PDF) from the original on 2023-03-08. Retrieved 2022-05-18.
  13. ^ Taylor, K. Y. (2018). "How Real Estate Segregated America". Dissent. 65 (4): 23–24. doi:10.1353/dss.2018.0071. S2CID 149616841.
  14. ^ "Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park". US Legal. Archived from the original on 2017-07-08. Retrieved 2015-10-04.
  15. ^ Kimberley Amadeo (March 28, 2019). "Real Estate, What It Is and How It Works". thebalance.com. Archived from the original on May 13, 2019. Retrieved May 13, 2019.
  16. ^ "Introduction to U.S. Economy: Housing Market" (PDF). Congressional Research Service. Archived from the original on 2022-07-29. Retrieved 2022-05-18.cite web: CS1 maint: bot: original URL status unknown (link)
  17. ^ Cutting, Robert H.; Calhoun, Lawrence B.; Hall, Jack C. (2012). "'Location, Location, Location' Should Be 'Environment, Environment, Environment': A Market-Based Tool to Simplify Environmental Considerations in Residential Real Estate". Golden Gate University Environmental Law Journal.
  18. ^ "Global status report for buildings and construction". International Energy Agency. 2019.
  19. ^ Frej, Anne B; Peiser, Richard B. (2003). Professional Real Estate Development: The ULI Guide to the Business (2 ed.). Urban Land Institute. p. 3. ISBN 0874208947. OCLC 778267123.
  20. ^ Geltner, David, Anil Kumar, and Alex M. Van de Minne. "Riskiness of real estate development: A perspective from urban economics and option value theory." Real Estate Economics 48.2 (2020): 406–445.
  21. ^ "Why Manhattan's Skyscrapers Are Empty". The Atlantic. 16 Jan 2020. Archived from the original on 13 April 2021. Retrieved 13 April 2021.
  22. ^ Garay, Urbi, Investment Styles, Portfolio Allocation, and Real Estate Derivatives (2016). Garay, U. “Investment Styles, Portfolio Allocation, and Real Estate Derivatives.” In Kazemi, H.; Black, K.; and D. Chambers (Editors), Alternative Investments: CAIA Level II, Chapter 16, Wiley Finance, 3rd Edition, 2016, pp. 401–421.
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Queensland
Nickname(s)
The Sunshine State
Motto
Audax at Fidelis (Latin)
(English: Bold but Faithful)
Location of Queensland in Australia
Country Australia
First British settlement September 1824 (1824-09) (Moreton Bay)
Separation from New South Wales 6 June 1859 (1859-06-06) (as Colony of Queensland)
Federation 1 January 1901 (1901-01-01)
Named for Queen Victoria
Capital
and largest city
Brisbane
27°28′08″S 153°1′25″E / 27.46889°S 153.02361°E / -27.46889; 153.02361
Administration 77 local government areas
Demonym(s) Queenslander
Government Parliamentary constitutional monarchy
 
• Monarch
Charles III
Jeannette Young
• Premier
David Crisafulli (LNP)
 
Legislature Parliament of Queensland
Judiciary Supreme Court of Queensland and lower courts
Parliament of the Commonwealth
• Senate
12 senators (of 76)
30 seats (of 151)
Area
• Land
1,723,030[1] km2 (665,270 sq mi)
Highest elevation 1,622 m (5,322 ft)
Population
• Estimate
5,528,000 (2023)[2]
GSP 2020 estimate
• Per capita
$70,862 (5th)
HDI  (2021) Increase 0.944[3]
very high · 5th
Time zone UTC+10:00 (AEST)
Postal abbreviation
QLD
ISO 3166 code AU–QLD
Symbols
 
Bird Brolga (Grus rubicunda)
Fish Barrier Reef Anemone Fish
(Amphiprion akindynos)
Flower Cooktown orchid
(Dendrobium phalaenopsis)[4]
Mammal Koala (Phascolarctos cinereus)
Colour Maroon
Fossil Muttaburrasaurus langdoni
Mineral Sapphire
 
Website qld.gov.au

Queensland ( locally /ˈkwiːnzlænd/ KWEENZ-land, commonly abbreviated as Qld)[note 1] is a state in northeastern Australia, and is the second-largest and third-most populous of the Australian states. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south, respectively. To the east, Queensland is bordered by the Coral Sea and the Pacific Ocean; to the state's north is the Torres Strait, separating the Australian mainland from Papua New Guinea, and the Gulf of Carpentaria to the north-west. With an area of 1,723,030 square kilometres (665,270 sq mi), Queensland is the world's sixth-largest subnational entity; it is larger than all but 16 countries. Due to its size, Queensland's geographical features and climates are diverse, and include tropical rainforests, rivers, coral reefs, mountain ranges and white sandy beaches in its tropical and sub-tropical coastal regions, as well as deserts and savanna in the semi-arid and desert climatic regions of its interior.

Queensland has a population of over 5.5 million,[6] concentrated along the east coast, particularly in South East Queensland. The capital and largest city in the state is Brisbane, Australia's third-largest city. Ten of Australia's thirty largest cities are located in Queensland, the largest outside Brisbane being the Gold Coast, the Sunshine Coast, Townsville, Cairns, Ipswich, and Toowoomba. 24.2% of the state's population were born overseas.[7] The state has the highest inter-state net migration in Australia.[8]

Queensland was first inhabited by Aboriginal Australians, with the Torres Strait Islands inhabited by Torres Strait Islanders.[9][10] Dutch navigator Willem Janszoon, the first European to land in Australia, explored the west coast of the Cape York Peninsula in 1606. In 1770, James Cook claimed the east coast of Australia for the Kingdom of Great Britain. In 1788, Arthur Phillip founded the colony of New South Wales, which included all of what is now Queensland. Queensland was explored in subsequent decades, and the Moreton Bay Penal Settlement was established at Brisbane in 1824 by John Oxley. During the Australian frontier wars of the 19th century, colonists killed tens of thousands of Aboriginal people in Queensland while consolidating their control over the territory.

On 6 June 1859 (now commemorated as Queensland Day), Queen Victoria signed the letters patent to establish the colony of Queensland, separating it from New South Wales and thereby establishing Queensland as a self-governing Crown colony with responsible government. A large part of colonial Queensland's economy relied on blackbirded South Sea Islander slavery.[citation needed]

Queensland was among the six colonies which became the founding states of Australia with Federation on 1 January 1901. Since the Bjelke-Petersen era of the late 20th century, Queensland has received a high level of internal migration from the other states and territories of Australia and remains a popular destination for interstate migration.

Queensland has the third-largest economy among Australian states, with strengths in mining, agriculture, transportation, international education, insurance, and banking. Nicknamed the Sunshine State for its tropical and sub-tropical climates, Great Barrier Reef, and numerous beaches, tourism is also important to the state's economy.

History

[edit]

Pre-European contact

[edit]

Queensland was one of the largest regions of pre-colonial Aboriginal population in Australia.[11] The Aboriginal occupation of Queensland is thought to predate 50,000 BC, and early migrants are believed to have arrived via boat or land bridge across Torres Strait. Through time, their descendants developed into more than 90 different language and cultural groups.

During the last ice age, Queensland's landscape became more arid and largely desolate, making food and other supplies scarce. The people developed the world's first seed-grinding technology.[12] The end of the glacial period brought about a warming climate, making the land more hospitable. It brought high rainfall along the eastern coast, stimulating the growth of the state's tropical rainforests.[13]

The Torres Strait Islands is home to the Torres Strait Islander peoples. Torres Strait Islanders are ethnically and culturally distinct from mainland Aboriginal peoples. They have a long history of interaction with both Aboriginal peoples of what is now Australia and the peoples of New Guinea.

European colonisation

[edit]
Captain James Cook claims the east coast of Australia for the Kingdom of Great Britain at Possession Island in 1770
Fighting between Burke and Wills's supply party and Aboriginal Australians at Bulla in 1861

In February 1606, Dutch navigator Willem Janszoon landed near the site of what is now Weipa, on the western shore of Cape York. This was the first recorded landing of a European in Australia, and it also marked the first reported contact between Europeans and the Aboriginal people of Australia.[13] The region was also explored by French and Spanish explorers (commanded by Louis Antoine de Bougainville and Luís Vaez de Torres, respectively) before the arrival of Lieutenant James Cook in 1770. Cook claimed the east coast under instruction from King George III of the Kingdom of Great Britain on 22 August 1770 at Possession Island, naming eastern Australia, including Queensland, New South Wales.[14]

The Aboriginal population declined significantly after a smallpox epidemic during the late 18th century and massacres by the European settlers.[15][page needed]

In 1823, John Oxley, a British explorer, sailed north from what is now Sydney to scout possible penal colony sites in Gladstone (then Port Curtis) and Moreton Bay. At Moreton Bay, he found the Brisbane River. He returned in 1824 and established a penal settlement at what is now Redcliffe. The settlement, initially known as Edenglassie, was then transferred to the current location of the Brisbane city centre. Edmund Lockyer discovered outcrops of coal along the banks of the upper Brisbane River in 1825.[16] In 1839 transportation of convicts was ceased, culminating in the closure of the Brisbane penal settlement. In 1842 free settlement, which had already commenced, was officially permitted. In 1847, the Port of Maryborough was opened as a wool port. While most early immigrants came from New South Wales, the first free immigrant ship to arrive in Moreton Bay from Europe was the Artemisia, in 1848.

Earlier than this immigrant ship was the arrival of the Irish famine orphan girls to Queensland. Devised by the then British Secretary of State for the Colonies, The Earl Grey Scheme established a special emigration scheme which was designed to resettle destitute girls from the workhouses of Ireland during the Great Famine. The first ship, the "Earl Grey", departed Ireland for a 124-day sail to Sydney. After controversy developed upon their arrival in Australia, a small group of 37 young orphans, sometimes referred to as The Belfast Girls or the Feisty Colleens, never set foot on Sydney soil, and instead sailed up to Brisbane (then Moreton Bay) on 21 October 1848 on board the Ann Mary. This scheme continued until 1852.[17]

In 1857, Queensland's first lighthouse was built at Cape Moreton.[18]

Frontier wars and massacres

[edit]

The frontier wars fought between European settlers and Aboriginal tribes in Queensland were the bloodiest and most brutal in colonial Australia.[19] Many of these conflicts are now seen as acts of genocide.[20][21][22][23]

The wars featured the most frequent massacres of First Nations people, the three deadliest massacres on white settlers, the most disreputable frontier police force, and the highest number of white victims to frontier violence on record in any Australian colony.[24] Across at least 644 collisions at least 66,680 were killed — with Aboriginal fatalities alone comprising no less than 65,180.[25] Of these deaths, around 24,000 Aboriginal men, women and children were killed by the Native Police between 1859 and 1897.[26]

The military force of the Queensland Government in this war was the Native Police, who operated from 1849 to the 1920s. The Native Police was a body of Aboriginal and Torres Strait Islander troopers that operated under the command of white officers. The Native Police were often recruited forcefully from far-away communities.[27][28]

Aftermath of the 1861 Cullin-La-Ringo massacre in which 19 settlers were killed by Aboriginal people, the deadliest attack on settlers in the frontier wars

Conflict spread quickly with free settlement in 1838, with settlement rapidly expanding in a great rush to take up the surrounding land in the Darling Downs, Logan and Brisbane Valley and South Burnett onwards from 1840, in many cases leading to widespread fighting and heavy loss of life. The conflict later spread north to the Wide Bay and Burnett River and Hervey Bay region, and at one stage the settlement of Maryborough was virtually under siege.[29]

The largest reasonably well-documented massacres in southeast Queensland were the Kilcoy and Whiteside poisonings, each of which was said to have taken up to 70 Aboriginal lives by use of a gift of flour laced with strychnine. At the Battle of One Tree Hill in September 1843, Multuggerah and his group of warriors ambushed one group of settlers, routing them and subsequently others in the skirmishes which followed, starting in retaliation for the Kilcoy poisoning.[30][31]

Central Queensland was particularly hard hit during the 1860s and 1870s, several contemporary writers mention the Skull Hole, Bladensburg, or Mistake Creek massacre[a] on Bladensburg Station near Winton, which in 1901 was said to have taken up to 200 Aboriginal lives.[32] First Nations warriors killed 19 settlers during the Cullin-La-Ringo massacre on 17 October 1861.[33] In the weeks afterwards, police, native police and civilians killed up to 370 members of the Gayiri Aboriginal people in response.[34]

Frontier violence peaked on the northern mining frontier during the 1870s, most notably in Cook district and on the Palmer and Hodgkinson River goldfields, with heavy loss of Aboriginal lives and several well-known massacres.[35] Raids conducted by the Kalkadoon held settlers out of Western Queensland for ten years until September 1884 when they attacked a force of settlers and native police at Battle Mountain near modern Cloncurry. The subsequent battle of Battle Mountain ended in disaster for the Kalkadoon, who suffered heavy losses.[36] Fighting continued in North Queensland, however, with First Nations raiders attacking sheep and cattle while Native Police mounted heavy retaliatory massacres.[37][38]

Slavery

[edit]

Tens of thousands of South Sea Islanders were kidnapped from islands nearby to Australia and sold as slaves to work on the colony's agricultural plantations through a process known as blackbirding.

This trade in what were then known as Kanakas was in operation from 1863 to 1908, a period of 45 years. Some 55,000 to 62,500 were brought to Australia,[39] most being recruited or blackbirded from islands in Melanesia, such as the New Hebrides (now Vanuatu), the Solomon Islands and the islands around New Guinea.

South Sea Islander men standing in front of a row of sugarcane.
Blackbirded South Sea Islanders on a Sugarcane plantation in Queensland.

The majority of those taken were male and around one quarter were under the age of sixteen.[40] In total, approximately 15,000 South Sea Islander slaves died while working in Queensland, a figure which does not include those who died in transit or who were killed in the recruitment process. This represents a mortality rate of at least 30%, which is high considering most were only on three year contracts.[41] It is also similar to the estimated 33% death rate of enslaved Africans in the first three years of being taken to America.[42]

The trade was legally sanctioned and regulated under Queensland law, and prominent men such as Robert Towns made massive fortunes off of exploitation of slave labour, helping to establish some of the major cities in Queensland today.[43] Towns' agent claimed that blackbirded labourers were "savages who did not know the use of money" and therefore did not deserve cash wages.[44]

Following Federation in 1901, the White Australia policy came into effect, which saw most foreign workers in Australia deported under the Pacific Island Labourers Act 1901, which saw the Pacific Islander population of the state decrease rapidly.[45]

Independent governance

[edit]
Parade of troops in Brisbane, prior to departure for the Boer War in South Africa
Kanaka workers in a sugar cane plantation, late 19th century

A public meeting was held in 1851 to consider the proposed separation of Queensland from New South Wales. On 6 June 1859, Queen Victoria signed letters patent[46] to form the separate colony of Queensland as a self-governing Crown colony with responsible government. Brisbane was selected as the capital city. On 10 December 1859, a proclamation was read by George Bowen, the first Governor of Queensland, formally establishing Queensland as a separate colony from New South Wales.[47] On 22 May 1860 the first Queensland election was held and Robert Herbert, Bowen's private secretary, was appointed as the first Premier of Queensland.

In 1865, the first rail line in the state opened between Ipswich and Grandchester. Queensland's economy expanded rapidly in 1867 after James Nash discovered gold on the Mary River near the town of Gympie, sparking a gold rush and saving the State of Freddy-Mercury-land from near economic collapse. While still significant, they were on a much smaller scale than the gold rushes of Victoria and New South Wales.

Immigration to Australia and Queensland, in particular, began in the 1850s to support the state economy. During the period from the 1860s until the early 20th century, many labourers, known at the time as Kanakas, were brought to Queensland from neighbouring Pacific Island nations to work in the state's sugar cane fields. Some of these people had been kidnapped under a process known as blackbirding or press-ganging, and their employment conditions constituted an allegedly exploitative form of indentured labour. Italian immigrants entered the sugar cane industry from the 1890s.[48]

During the 1890s, the six Australian colonies, including Queensland, held a series of referendums which culminated in the Federation of Australia on 1 January 1901. During this time, Queensland had a population of half a million people. Since then, Queensland has remained a federated state within Australia, and its population has significantly grown.

20th century

[edit]
Returned World War II soldiers march in Queen Street, Brisbane, 1944

In 1905 women voted in state elections for the first time. The state's first university, the University of Queensland, was established in Brisbane in 1909. In 1911, the first alternative treatments for polio were pioneered in Queensland and remain in use across the world today.[49]

World War I had a major impact on Queensland. Over 58,000 Queenslanders fought in World War I and over 10,000 of them died.[50]

Australia's first major airline, Qantas (originally standing for "Queensland and Northern Territory Aerial Services"), was founded in Winton in 1920 to serve outback Queensland.

In 1922 Queensland abolished the Queensland Legislative Council, becoming the only Australian state with a unicameral parliament.

In 1935 cane toads were deliberately introduced to Queensland from Hawaii in an unsuccessful attempt to reduce the number of French's cane and greyback cane beetles that were destroying the roots of sugar cane plants, which are integral to Queensland's economy. The toads have remained an environmental pest since that time. In 1962, the first commercial production of oil in Queensland and Australia began at Moonie.

During World War II Brisbane became central to the Allied campaign when the AMP Building (now called MacArthur Central) was used as the South West Pacific headquarters for General Douglas MacArthur, chief of the Allied Pacific forces, until his headquarters were moved to Hollandia in August 1944.[51] In 1942, during the war, Brisbane was the site of a violent clash between visiting US military personnel and Australian servicemen and civilians, which resulted in one death and hundreds of injuries. This incident became known colloquially as the Battle of Brisbane.[52]

The end of World War II saw a wave of immigration from across Europe, with many more immigrants coming from southern and eastern Europe than in previous decades.

In the later decades of the 20th century, the humid subtropical climate—regulated by the availability of air conditioning—saw Queensland become a popular destination for migrants from interstate.[53] Since that time, Queensland has continuously seen high levels of migration from the other states and territories of Australia.

In 1966, Lyndon B. Johnson became the first U.S. president to visit Queensland. During his visit, he met with Australia prime minister Harold Holt.[citation needed]

The end of the White Australia policy in 1973 saw the beginning of a wave of immigration from around the world, and most prominently from Asia, which continues to the present.

In 1981 the Great Barrier Reef off Queensland's northeast coast, one of the world's largest coral reef systems, was declared a UNESCO World Heritage Site.

21st century

[edit]

In 2003 Queensland adopted maroon as the state's official colour. The announcement was made as a result of an informal tradition to use maroon to represent the state in association with sporting events.[54]

After three decades of record population growth, Queensland was impacted by major floods between late 2010 and early 2011, causing extensive damage and disruption across the state.[55][56]

In 2020 Queensland was impacted by the COVID-19 pandemic. Despite a low number and abrupt decline in cases from April 2020 onward, social distancing requirements were implemented from March 2020 including the closure of the state borders.

Geography

[edit]
Commonly designated regions of Queensland, with Central Queensland divided into Mackay and Fitzroy subregions
The Great Barrier Reef, which extends along most of Queensland's Coral Sea coastline
The Mossman River, flowing through the Daintree Rainforest in Far North Queensland
The McPherson Range at Lamington National Park in South East Queensland
Lake McKensie, K'gari (Fraser Island)

With a total area of 1,729,742 square kilometres (715,309 square miles), Queensland is an expansive state with a highly diverse range of climates and geographical features. If Queensland were an independent nation, it would be the world's 16th largest.

Queensland's eastern coastline borders the Coral Sea, an arm of the Pacific Ocean. The state is bordered by the Torres Strait to the north, with Boigu Island off the coast of New Guinea representing the northern extreme of its territory. The triangular Cape York Peninsula, which points toward New Guinea, is the northernmost part of the state's mainland. West of the peninsula's tip, northern Queensland is bordered by the Gulf of Carpentaria. To the west, Queensland is bordered by the Northern Territory, at the 138th meridian east, and to the southwest by northeastern South Australia. The state's southern border with New South Wales is constituted in the east by the watershed from Point Danger to the Dumaresq River, and the Dumaresq, Macintyre and Barwon rivers. The west of the southern border is defined by the 29th parallel south (including some minor historical encroachments) until it reaches South Australia.

Like much of eastern Australia, the Great Dividing Range runs roughly parallel with, and inland from, the coast, and areas west of the range are more arid than the humid coastal regions. The Great Barrier Reef, which is the world's largest coral reef system, runs parallel to the state's Coral Sea coast between the Torres Strait and K'gari (Fraser Island). Queensland's coastline includes the world's three largest sand islands: K'gari (Fraser Island), Moreton, and North Stradbroke.

The state contains six World Heritage-listed preservation areas: the Great Barrier Reef along the Coral Sea coast, K'gari (Fraser Island) on the Wide Bay–Burnett region's coastline, the wet tropics in Far North Queensland including the Daintree Rainforest, Lamington National Park in South East Queensland, the Riversleigh fossil sites in North West Queensland, and the Gondwana Rainforests in South East Queensland.

The state is divided into several unofficial regions which are commonly used to refer to large areas of the state's vast geography. These include:

Climate

[edit]
Köppen climate types in Queensland

Because of its size, there is significant variation in climate across the state. There is ample rainfall along the coastline, with a monsoonal wet season in the tropical north, and humid sub-tropical conditions along the southern coastline. Low rainfall and hot humid summers are typical for the inland and west. Elevated areas in the south-eastern inland can experience temperatures well below freezing in mid-winter providing frost and, rarely, snowfall. The climate of the coastal regions is influenced by warm ocean waters, keeping the region free from extremes of temperature and providing moisture for rainfall.[57]

There are six predominant climatic zones in Queensland,[58] based on temperature and humidity:

The annual average climatic statistics[59] for selected Queensland cities are shown below:

City Mean daily min. temp Mean daily max. temp No. clear days Rainfall
Brisbane 15.7 °C (60.3 °F) 25.5 °C (77.9 °F) 113.1 1,149.1 mm (45.24 in)[60]
Mackay 19.0 °C (66.2 °F) 26.4 °C (79.5 °F) 123.0 1,570.7 mm (61.84 in)[61]
Cairns 21.0 °C (69.8 °F) 29.2 °C (84.6 °F) 89.7 1,982.2 mm (78.04 in)[62]
Townsville 19.8 °C (67.6 °F) 28.9 °C (84.0 °F) 120.9 1,136.7 mm (44.75 in)[63]

The coastal far north of the state is the wettest region in Australia, with Mount Bellenden Ker, south of Cairns, holding many Australian rainfall records with its annual average rainfall of over 8 metres (26 ft).[64] Snow is rare in Queensland, although it does fall with some regularity along the far southern border with New South Wales, predominantly in the Stanthorpe district although on rare occasions further north and west. The most northerly snow ever recorded in Australia occurred near Mackay; however, this was exceptional.[65]

Natural disasters are often a threat in Queensland: severe tropical cyclones can impact the central and northern coastlines and cause severe damage,[66] with recent examples including Larry, Yasi, Ita and Debbie. Flooding from rain-bearing systems can also be severe and can occur anywhere in Queensland. One of the deadliest and most damaging floods in the history of the state occurred in early 2011.[67] Severe springtime thunderstorms generally affect the south-east and inland of the state and can bring damaging winds, torrential rain, large hail and even tornadoes.[68] The strongest tornado ever recorded in Australia occurred in Queensland near Bundaberg in November 1992.[69] Droughts and bushfires can also occur; however, the latter are generally less severe than those that occur in southern states.

The highest official maximum temperature recorded in the state was 49.5 °C (121.1 °F) at Birdsville Police Station on 24 December 1972.[70] The lowest recorded minimum temperature is −10.6 °C (12.9 °F) at Stanthorpe on 23 June 1961 and at The Hermitage (near Warwick) on 12 July 1965.[71]

Climate data for Queensland
Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Record high °C (°F) 49.0
(120.2)
47.2
(117.0)
46.7
(116.1)
41.7
(107.1)
39.3
(102.7)
36.0
(96.8)
36.1
(97.0)
38.5
(101.3)
42.8
(109.0)
45.1
(113.2)
48.7
(119.7)
49.5
(121.1)
49.5
(121.1)
Record low °C (°F) 5.4
(41.7)
3.3
(37.9)
−0.2
(31.6)
−3.5
(25.7)
−6.9
(19.6)
−10.6
(12.9)
−10.6
(12.9)
−9.4
(15.1)
−5.6
(21.9)
−3.6
(25.5)
0.0
(32.0)
2.2
(36.0)
−10.6
(12.9)
Source 1: Bureau of Meteorology[72]
Source 2: Bureau of Meteorology[73]

Demographics

[edit]
Brisbane, capital and most populous city of Queensland

In December 2021, Queensland had an estimated population of 5,265,043.[6] Approximately half of the state's population lives in Brisbane, and over 70% live in South East Queensland. Nonetheless, Queensland is the second most decentralised state in Australia after Tasmania. Since the 1980s, Queensland has consistently been the fastest-growing state in Australia, as it receives high levels of both international immigration and migration from interstate. There have however been short periods where Victoria and Western Australia have grown faster.

Cities

[edit]

Ten of Australia's thirty largest cities are located in Queensland. In 2019, the largest cities in the state by population of their Greater Capital City Statistical Area or Significant Urban Area (metropolitan areas) as defined by the Australian Bureau of Statistics were:[78]

Ancestry and immigration

[edit]
Country of Birth (2016)[79][80]
Birthplace[N 2] Population
Australia 3,343,657
New Zealand 201,206
England 180,775
India 49,145
Mainland China 47,114
South Africa 40,131
Philippines 39,661
Scotland 21,882
Germany 20,387
Vietnam 19,544
South Korea 18,327
United States 17,053
Papua New Guinea 16,120
Taiwan 15,592

Early settlers during the 19th century were largely English, Irish, Scottish and German, while there was a wave of immigration from southern and eastern Europe (most notably Italy) in the decades following the second world war. In the 21st century, Asia (most notably China and India) has been the primary source of immigration.

At the 2016 census, the most commonly nominated ancestries were:[N 3][79][80]

The 2016 census showed that 28.9% of Queensland's inhabitants were born overseas. Only 54.8% of inhabitants had both parents born in Australia, with the next most common birthplaces being New Zealand, England, India, Mainland China and South Africa.[79][80] Brisbane has the 26th largest immigrant population among world metropolitan areas.

4% of the population, or 186,482 people, identified as Indigenous Australians (Aboriginal Australians and Torres Strait Islanders) in 2016.[N 6][79][80]

Language

[edit]

At the 2016 census, 81.2% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.5%), Vietnamese (0.6%), Cantonese (0.5%), Spanish (0.4%) and Italian (0.4%).[82][83]

At the 2021 census, 80.5% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.6%), Vietnamese (0.6%), Punjabi (0.6%) and Spanish (0.6%).[84]

Religion

[edit]

At the 2016 census, the most commonly cited religious affiliations were 'No religion' (29.2%), Catholicism (21.7%) and Anglicanism (15.3%).[85]

According to the 2021 census, 45.7% of the population follows Christianity, and 41.2% identified as having No religion[84][86] About 5% of people are affiliated with a non-Christian religion, mainly Buddhism (1.4%), Hinduism (1.3%) and Islam (1.2%).[84]

Education

[edit]
The Great Court at the University of Queensland in Brisbane, Queensland's oldest university

Queensland is home to numerous universities. The state's oldest university, the University of Queensland, was established in 1909 and frequently ranks among the world's top 50.[87][88][89] Other major universities include Queensland University of Technology, Griffith University, the University of Southern Queensland, the University of the Sunshine Coast, James Cook University (which was the state's first university outside of South East Queensland), Central Queensland University and Bond University (which was Australia's first private university).

International education is an important industry, with 134,312 international students enrolled in the state in 2018, largely focused on Brisbane. Most of the state's international students are from Asia.[90]

At the primary and secondary levels, Queensland is home to numerous state and private schools.

Queensland has a public library system which is managed by the State Library of Queensland.[91] Some university libraries are also open to the public.

Economy

[edit]
Skyline of the Brisbane central business district. Brisbane is a global city and the state's largest economic hub.
Gold mine at Ravenswood in North Queensland. Mining is one of the state's major industries
The Gold Coast, Queensland's second-largest city and a major tourist destination
Noosa Heads on the Sunshine Coast, Queensland's third largest city and a major tourist destination

In 2019, Queensland had a gross state product of A$357,044 million, the third-highest in the nation after New South Wales and Victoria.[92] The construction of sea ports and railways along Queensland's coast in the 19th century set up the foundations for the state's export-oriented mining and agricultural sectors. Since the 1980s, a sizeable influx of interstate and overseas migrants, large amounts of federal government investment, increased mining of vast mineral deposits and an expanding aerospace sector have contributed to the state's economic growth.[93]

Primary industries include bananas, pineapples, peanuts, a wide variety of other tropical and temperate fruit and vegetables, grain crops, wineries, cattle raising, cotton, sugarcane, and wool. The mining industry includes bauxite, coal, silver, lead, zinc, gold and copper.[94][95]

Secondary industries are mostly further processing of the above-mentioned primary produce. For example, bauxite is shipped by sea from Weipa and converted to alumina at Gladstone.[96] There is also copper refining and the refining of sugar cane to sugar at a number of mills along the eastern coastline.

Major tertiary industries are retail, tourism, and international education. In 2018, there were 134,312 international students enrolled in the state, largely focused on Brisbane. Most of the state's international students are from Asia.[90]

Brisbane is categorised as a global city, and is among Asia-Pacific cities with largest GDPs. It has strengths in mining, banking, insurance, transportation, information technology, real estate and food.[97] Some of the largest companies headquartered in Brisbane, all among Australia's largest, include Suncorp Group, Virgin Australia, Aurizon, Bank of Queensland, Flight Centre, CUA, Sunsuper, QSuper, Domino's Pizza Enterprises, Star Entertainment Group, ALS, TechnologyOne, NEXTDC, Super Retail Group, New Hope Coal, Jumbo Interactive, National Storage, Collins Foods and Boeing Australia.[98]

Tourism

[edit]
Hill Inlet at the Whitsunday Islands.

As a result of its varied landscapes, warm climate, and abundant natural environment, tourism is Queensland's leading tertiary industry with millions of interstate and international visitors visiting the state each year. The industry generates $8.8 billion annually, accounting for 4.5% of Queensland's Gross State Product. It has an annual export of $4.0 billion annually. The sector directly employs about 5.7% of Queensland citizens.[99] Accommodation in Queensland caters for nearly 22% of the total expenditure, followed by restaurants/meals (15%), airfares (11%), fuel (11%) and shopping/gifts (11%).[100]

The most visited tourist destinations of Queensland include Brisbane (including Moreton and South Stradbroke islands and the Gold Coast) as well as the Sunshine Coast, the Great Barrier Reef, Cairns, Port Douglas, the Daintree Rainforest, K'gari and the Whitsunday Islands.[101][102][103]

Brisbane is the third most popular destination in Australia following Sydney and Melbourne.[104] Major attractions in its metropolitan area include South Bank Parklands, the Queensland Cultural Centre (including the Queensland Museum, Queensland Art Gallery, Gallery of Modern Art, Queensland Performing Arts Centre and State Library of Queensland), City Hall, the Story Bridge, the Howard Smith Wharves, ANZAC Square, St John's Cathedral, Fortitude Valley (including James Street and Chinatown), West End, the Teneriffe woolstores precinct, the Brisbane River and its Riverwalk network, the City Botanic Gardens, Roma Street Parkland, New Farm Park (including the Brisbane Powerhouse), the Kangaroo Point Cliffs and park, the Lone Pine Koala Sanctuary, the Mount Coot-tha Reserve (including Mount Coot-tha Lookout and Mount Coot-tha Botanic Gardens), the D'Aguilar Range and National Park, as well as Moreton Bay (including Moreton, North Stradbroke and Bribie islands, and coastal suburbs such as Shorncliffe, Wynnum and those on the Redcliffe Peninsula).[105][106][107]

The Gold Coast is home to numerous popular surf beaches such as those at Surfers Paradise and Burleigh Heads. It also includes the largest concentration of amusement parks in Australia, including Dreamworld, Movie World, Sea World, Wet 'n' Wild and WhiteWater World, as well as the Currumbin Wildlife Sanctuary. The Gold Coast's hinterland includes Lamington National Park in the McPherson Range.[citation needed]

The Sunshine Coast includes popular surfing and beach destinations including Noosa Heads and Mooloolaba. It is also home to UnderWater World and Steve Irwin's Australia Zoo. Its hinterland includes the Glass House Mountains National Park.[108]

Cairns is renowned as the gateway to the Great Barrier Reef, Far North Queensland (including Port Douglas) and the Daintree Rainforest. The Whitsunday Islands off the coast of North Queensland are a popular tourist destinations for their resort facilities and access to the Great Barrier Reef.[109]

Politics and government

[edit]
Parliament House, seat of the Queensland Parliament
Government House, seat of the Governor
Queen Elizabeth II Courts of Law, headquarters of the Supreme Court of Queensland and District Court of Queensland

One of the six founding states of Australia, Queensland has been a federated state subject to the Australian Constitution since 1 January 1901. It may legislate on all matters not ceded in the Australian Constitution to the federal government. It is a parliamentary constitutional monarchy. The Constitution of Queensland sets out the operation of the state's government. The state's constitution contains several entrenched provisions which cannot be changed in the absence of a referendum. There is also a statutory charter of rights, the Queensland Human Rights Act 2019. Queensland's system of government is influenced by the Westminster system and Australia's federal system of government.

The government power can be divided into three groups:

Executive authority is nominally vested in the Governor of Queensland (currently Jeannette Young) who represents and is appointed by the Monarch (currently Charles III) on the advice of the Premier of Queensland. The Premier, who is the state's Head of government, along with the Cabinet of Queensland (whose decisions are formalised by the Executive Council), exercise executive authority in practice. The Premier is appointed by the Governor and must have support of the Legislative Assembly of Queensland. The Premier is in practice a leading member of the Legislative Assembly and parliamentary leader of his or her political party, or coalition of parties, and members of the Cabinet will be drawn from the same party or coalition. The current Premier and Deputy Premier are David Crisafulli and Jarrod Bleijie of the Liberal National Party respectively. Government House at Paddington in Brisbane is the seat of the Governor, having replaced Old Government House at Gardens Point in Brisbane's CBD in the early 20th century. The executive branch is simply referred to as the Queensland Government.

Legislative authority is exercised by the Queensland Parliament which uniquely for Australian states is unicameral, containing only one house, the Legislative Assembly. The Parliament was bicameral until 1922 when the Legislative Council was abolished by the Labor "suicide squad", so called because they were appointed for the purpose of voting to abolish their own offices.[110] Bills receive royal assent from the Governor before being passed into law. The Parliament's seat is at Parliament House at Gardens Point in Brisbane's CBD. Members of the Legislative Assembly represent 93 electoral districts. Elections in Queensland are held at the end of each fixed four-year parliamentary term and are determined by instant-runoff voting.

The state's judiciary consists of the Supreme Court of Queensland and the District Court of Queensland, established by the Queensland Constitution, as well as the Magistrates Court of Queensland and other courts and tribunals established by legislation. Cases may be appealed to the High Court of Australia. As with all Australian states and territories, Queensland has a common law legal system. The Supreme and District courts are headquartered at the Queen Elizabeth II Courts of Law in Brisbane's CBD.

The state's politics are traditionally regarded as being conservative relative to other states.[111][112][113][114][115] Historically, the lack of an upper house, the "Bjelkemander" (a malapportion favouring rural electoral districts) has meant that Queensland had a long tradition of domination by strong-willed, populist premiers, often accused of authoritarian tendencies, holding office for long periods. This tendency was exemplified by the government of the state's longest-serving Premier Joh Bjelke-Petersen.

Local government

[edit]

Local government is the mechanism by which local government areas can manage their own affairs to the extent permitted by the Local Government Act 2009. Queensland is divided into 77 local government areas, which are created by the state government under the legislation.[116] Each local government area has a council responsible for providing a range of local services and utilities. Local councils derive their income from both rates and charges on resident ratepayers, and grants and subsidies from the state and federal governments.[117]

Federal representation

[edit]
Queensland – Federal parliamentary delegations[118]
Election
House of Representatives Senate
Coalition[N 7] Labor Other[N 8] Coalition Labor Other
2001 19 7 1 5 4 3
2004 21 5 1 7 4 1
2007 13 15 1 7 5 0
2010 21 8 1 6 5 1
2013 22 6 2 6 4 2
2016 21 8 1 5 4 3
2019 23 6 1 6 3 3
2022 21 5 4 5 3 4

In the federal Parliament, Queensland accounts for 30 of the 151 electoral divisions in the House of Representatives (based on population size) and 12 of the 76 seats in the Senate (based on equality between the states).

The current partisan makeup of Queensland's House of Representatives delegation is 21 Liberal National, 5 Labor, 3 Australian Greens, and 1 Katter's Australian Party.

The current partisan makeup of Queensland's Senate delegation is 5 Liberal National, 3 Labor, 2 One Nation, and 2 Green.

Culture

[edit]
The Ekka (the Royal Queensland Exhibition) is held each August at the Brisbane Showgrounds.

Queensland is home to major art galleries including the Queensland Art Gallery and the Queensland Gallery of Modern Art as well as cultural institutions such as the Queensland Ballet, Opera Queensland, Queensland Theatre Company, and Queensland Symphony Orchestra, all based at the Queensland Cultural Centre in Brisbane. The state is the origin of musicians such as the Bee Gees, the Go-Betweens, the Veronicas, the Saints, Savage Garden, and Sheppard as well as writers such as David Malouf, Nick Earls and Li Cunxin.

Major annual cultural events include the Royal Queensland Exhibition (known locally as the Ekka), an agricultural exhibition held each August at the Brisbane Showgrounds as well as the Brisbane Festival, which includes one of the nation's largest annual fireworks displays called 'Riverfire', and which is held each September.

Sport

[edit]
Cricket game at The Gabba, a 42,000-seat round stadium in Brisbane

The state of Queensland is represented in all of Australia's national sporting competitions and it is also host to a number of domestic and international sporting events. The most popular winter and summer team sports are rugby league and cricket, respectively.

In the National Rugby League, the Brisbane Broncos, North Queensland Cowboys, The Dolphins and Gold Coast Titans are based in the state. Rugby league's annual State of Origin series is a major event in the Queensland sporting calendar, with the Queensland Maroons representing the state.

In cricket, the Queensland Bulls represent the state in the Sheffield Shield and the Ryobi One Day Cup, while the Brisbane Heat compete in the Big Bash League.

Queensland is also home to the Brisbane Lions and the Gold Coast Suns in the Australian Football League (Australian rules football), and the Brisbane Roar FC in the A-League (soccer). In netball, the Queensland Firebirds went undefeated in the 2011 season as they went on to win the Grand Final. Other sports teams are the Brisbane Bullets and the Cairns Taipans, who compete in the National Basketball League.

The state is represented by the Queensland Reds in the Super Rugby (rugby union).

Swimming is also a popular sport in Queensland, with many Australian team members and international medalists hailing from the state.

Brisbane will host the 2032 Summer Olympics, marking the third time Australia hosted the Olympic Games following Melbourne 1956 and Sydney 2000.[119] Major recurring sporting events hosted in Queensland include: the Gold Coast 600 (motorsport; since 1994), the Gold Coast Marathon (athletics; since 1979), the NRL All Stars Game (rugby league; since 2010), the Townsville 400 (motorsport; since 2009), the Quicksilver Pro and Roxy Pro (surfing) and Australian PGA Championship (golf; since 2000).

Symbols and emblems

[edit]

The official state emblems of Queensland are prescribed in the Emblems of Queensland Act 2005.

Queen Victoria granted the Queensland Coat of Arms to the Colony of Queensland in 1893, making it the oldest State Arms in Australia.[120] It depicts Queensland's primary industries in the 19th century with a sheaf of wheat, the heads of a bull and a ram, and a column of gold rising from a heap of quartz. Two stalks of sugar cane which surround the state badge at the top, and below is Queensland's state motto, Audax at Fidelis, which means "Bold but Faithful". In 1977, Queen Elizabeth II granted the supporting animals, the brolga and the red deer.[120][121]

In November 2003 maroon was officially named Queensland's state colour, after many years of association with Queensland sporting teams.

The koala was officially named the animal or faunal, emblem of Queensland in 1971 after a newspaper poll showed strong public support. The Queensland Government introduced the poll due to a proposal by state tourism ministers for all states to adopt a faunal emblem.[120] In January 1986, the brolga was announced as the official bird emblem of Queensland, after many years on the Coat of Arms.[121]

The Cooktown orchid became known as Queensland's floral emblem in 1959, during celebrations to mark the state's centenary,[122][123] and the Barrier Reef Anemone Fish was officially named as Queensland's aquatic emblem in March 2005.[124]

The sapphire was named the official state gem for Queensland in August 1985.[125][126]

Infrastructure

[edit]

Transport

[edit]
Passenger train at Oxley railway station on the Ipswich/Rosewood line within the Queensland Rail City network
Cargo ships at the Port of Gladstone, Queensland's largest commodity seaport

Queensland is served by several National Highways and, particularly in South East Queensland, a network of freeways such as the M1. The Department of Transport & Main Roads oversees the development and operation of main roads and public transport, including taxis and local aviation.

Principal rail services are provided by Queensland Rail, predominantly between the major centres east of the Great Dividing Range. Freight rail services in Queensland have been provided mostly by Aurizon and Pacific National, with interstate intermodal services provided by Pacific National and SCT Logistics. Major seaports include the Port of Brisbane, Australia's third busiest by value of goods, as well as those at Gladstone, Townsville, and Bundaberg. There are large coal export facilities at Hay Point, Gladstone, and Abbot Point. Major sugar export facilities are located at Lucinda and Mackay.

Brisbane Airport is the main international and domestic gateway serving the state, and is the third busiest in Australia. Other international airports include the Gold Coast Airport, Cairns International Airport, and Townsville Airport. Regional airports with scheduled domestic flights include Toowoomba Wellcamp Airport, Great Barrier Reef Airport, Hervey Bay Airport, Bundaberg Airport, Mackay Airport, Mount Isa Airport, Proserpine / Whitsunday Coast Airport, Rockhampton Airport, and Sunshine Coast Airport.

South East Queensland has an integrated public transport system operated by Translink, which provides services bus, rail, light rail and Brisbane's ferry services through Queensland Rail and contracted operators. The region is divided into seven Fare zones radiating outwards from the Brisbane central business district, which is the central hub for the system. The Queensland Rail City network consists of 152 train stations along 13 suburban rail lines and across the region, and predominantly within Brisbane's metropolitan area. There is also a large bus network including Brisbane's large dedicated bus rapid transit network, the Brisbane busway network. Brisbane's popular ferry services include the CityCat, Cross River, and CityHopper services which have dedicated wharves along the Brisbane River. The G:link, Queensland's only light rail network, operates on the Gold Coast.[127]

The new Queensland Cross River Rail is a metro network that is currently under development within Brisbane and is part of the crucial infrastructure project to prepare the city for the 2032 Olympic games. It will be a transformative addition to the state's transportation infrastructure, set to revolutionise the way people move within Brisbane and its surrounding areas. Operating as a crucial link between the north and south sides of the city, the Cross River Rail introduces an innovative approach to urban mobility. It features state-of-the-art electric trains running on dedicated tracks, providing fast, efficient, and sustainable transit options for commuters. With improved connectivity, reduced congestion, and enhanced accessibility, this rail project aims to enhance the overall quality of life for residents and visitors alike, contributing significantly to Queensland's continued development and growth.[128]

Other utilities

[edit]

Queensland Health operates and administers the state's public health system. There are sixteen regional Health and Hospital Services corresponding to geographical regions which are responsible for delivering public health services within their regions. Major public hospitals include the Royal Brisbane and Women's Hospital, Princess Alexandra Hospital, the Mater Hospital, the Queen Elizabeth II Jubilee Hospital, and the Queensland Children's Hospital in Brisbane, as well as the Townsville University Hospital, Cairns Hospital, Gold Coast Hospital and Gold Coast University Hospital in the regional cities. There are smaller public hospitals, as well as private hospitals, around the state.

See also

[edit]
 

Notes

[edit]
  1. ^ In the UK and US, /ˈkwiːnzlənd/ KWEENZ-lənd is the preferred variant.[5]
  1. ^ Pre-1971 figures may not include the Indigenous population.
  2. ^ In accordance with the Australian Bureau of Statistics source, England, Scotland, Mainland China and the Special Administrative Regions of Hong Kong and Macau are listed separately
  3. ^ As a percentage of 4,348,289 persons who nominated their ancestry at the 2016 census.
  4. ^ The Australian Bureau of Statistics has stated that most who nominate "Australian" as their ancestry are part of the Anglo-Celtic group.[81]
  5. ^ Of any ancestry. Includes those identifying as Aboriginal Australians or Torres Strait Islanders. Indigenous identification is separate from the ancestry question on the Australian Census and persons identifying as Aboriginal or Torres Strait Islander may identify any ancestry.
  6. ^ Of any ancestry. Includes those identifying as Aboriginal Australians or Torres Strait Islanders. Indigenous identification is separate from the ancestry question on the Australian Census and persons identifying as Aboriginal or Torres Strait Islander may identify any ancestry.
  7. ^ Includes the Liberal Party of Australia, National Party of Australia, Liberal National Party of Queensland and Country Liberal Party. In 2008, all Coalition parties in Queensland merged into the Liberal National Party of Queensland.
  8. ^ Includes independents and minor parties.
  1. ^ Not to be confused with the 1915 Mistake Creek massacre in Western Australia.

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  112. ^ Penrith, Deborah (2008). Live & Work in Australia. Crimson Publishing. p. 478. ISBN 978-1-85458-418-2.
  113. ^ "Why Labor struggles in Queensland". Brisbane Times. 23 August 2010. Archived from the original on 15 January 2013.
  114. ^ George Megalogenis, "The Green and the Grey", Quarterly Essay, Vol. 40, 2010, p69.
  115. ^ "Australia ready for first female leader". BBC News. 25 June 2010. Archived from the original on 25 April 2012.
  116. ^ Local Government Act 1993 Archived 23 April 2011 at the Wayback Machine, s.34. (Reprint 11E, as in force at 22 November 2007.)
  117. ^ "Rates and valuations". Queensland: Department of Local Government, Sport and Recreation. 26 July 2007. Archived from the original on 19 March 2008. Retrieved 5 April 2008.
  118. ^ "Historical information on the Australian Parliament". Parliament of Australia. Archived from the original on 25 May 2019. Retrieved 24 May 2020.
  119. ^ IOC (12 July 2021). "Brisbane 2032 Summer Olympics - Summer Olympic Games in Australia". Olympics.com. Archived from the original on 21 July 2021. Retrieved 21 July 2021.
  120. ^ a b c "Coat of Arms". Queensland State Government Website. Archived from the original on 17 December 2021. Retrieved 26 August 2021.
  121. ^ a b "Queensland Flags & Emblems". Australias Guide. Archived from the original on 26 August 2021. Retrieved 26 August 2021.
  122. ^ "Floral emblem | State flags, emblems, and icons". Queensland Government. Archived from the original on 28 October 2021. Retrieved 26 August 2021.
  123. ^ Parks Australia. "Queensland - Floral Emblems - Australian Plant Information". Australian National Botanic Gardens. Archived from the original on 8 March 2012. Retrieved 26 August 2021.
  124. ^ "Aquatic emblem | State flags, emblems, and icons". Queensland Government. Archived from the original on 18 November 2021. Retrieved 26 August 2021.
  125. ^ "State gem | State flags, emblems, and icons". Queensland Government. Archived from the original on 27 October 2021. Retrieved 26 August 2021.
  126. ^ "Australia For Everyone: State and Territory Emblems". Australia Guide. Archived from the original on 26 August 2021. Retrieved 26 August 2021.
  127. ^ "Sharing the road with trams | Transport and motoring". Department of Transport and Main Roads. Queensland Government. Archived from the original on 9 November 2017. Retrieved 8 November 2017.
  128. ^ "Home". Cross River Rail. Archived from the original on 31 August 2023. Retrieved 31 August 2023.

Sources

[edit]
  • Bottoms, Timothy (2013). Conspiracy of Silence: Queensland's frontier killing times. Sydney: Allen & Unwin. ISBN 978-1-74331-382-4.
  • Broome, Richard (1988). "The Struggle for Australia : Aboriginal-European Warfare, 1770–1930". In McKernan, Michael; Browne, Margaret; Australian War Memorial (eds.). Australia Two Centuries of War & Peace. Canberra, A.C.T.: Australian War Memorial in association with Allen and Unwin, Australia. pp. 92–120. ISBN 0-642-99502-8.
  • Connor, John (2008). "Frontier Wars". In Dennis, Peter; et al. (eds.). The Oxford Companion to Australian Military History (Second ed.). Melbourne: Oxford University Press Australia & New Zealand. ISBN 978-0-19-551784-2.
  • Coulthard-Clark, Chris D. (2001). The Encyclopedia of Australia's Battles (Second ed.). Crows Nest, New South Wales: Allen & Unwin. ISBN 1865086347.
  • Ørsted-Jensen, Robert (2011). Frontier History Revisited – Queensland and the 'History War'. Cooparoo, Brisbane, Qld: Lux Mundi Publishing. ISBN 9781466386822.

Further reading

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[edit]

 

 

Lawn signs advertising houses for sale

Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.[1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.

Categories of representation

[edit]

A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region.[2]

Real estate licensing and education

[edit]

In most jurisdictions in the United States, a person must have a license to perform licensed activities, and these activities are defined within the statutes of each state. The main feature of the requirement for having a license to perform those activities is the work done "for compensation". Hence, hypothetically, if a person wants to help a friend out in either selling or buying a property, and no compensation of any kind is expected in return, then a license is not needed to perform all the work. However, since most people would expect to be compensated for their efforts and skills, a license would be required by law before a person may receive remuneration for services rendered as a real estate broker or agent. Unlicensed activity is illegal and the state real estate commission has the authority to fine people who are acting as real estate licensees, but buyers and sellers acting as principals in the sale or purchase of real estate are usually not required to be licensed. It is important to note that in some states, lawyers handle real estate sales for compensation without being licensed as brokers or agents. However, even lawyers can only perform real estate activities that are incidental to their original work as a lawyer. It cannot be the case that a lawyer can become a seller's selling agent if that is all the service that is being requested by the client. Lawyers would still need to be licensed as a broker if they wish to perform licensed activities. Nevertheless, lawyers do get a break in the minimum education requirements (for example, 90 hours in Illinois).[3]

Some other states have recently eliminated the salesperson's license, instead, all licensees in those states automatically earn their broker's license.

The term "agent" is not to be confused with salesperson or broker. An agent is simply a licensee that has entered into an agency relationship with a client. A broker can also be an agent for a client. It is commonly the firm that has the actual legal relationship with the client through one of their sales staff, be they salespersons or brokers.

In all states, the real estate licensee must disclose to prospective buyers and sellers the nature of their relationship [4]

Specific representation laws

[edit]

Some U.S. state real estate commissions – notably Florida's[5] after 1992 (and extended in 2003) and Colorado's[6] after 1994 (with changes in 2003) created the option of having no agency or fiduciary relationship between brokers and sellers or buyers.

As noted by the South Broward Board of Realtors, Inc. in a letter to State of Florida legislative committees:

"The Transaction Broker crafts a transaction by bringing a willing buyer and a willing seller together and provides the legal documentation of the details of the legal agreement between the same. The Transaction Broker is not a fiduciary of any party, but must abide by the law as well as professional and ethical standards." (such as NAR Code of Ethics).

The result was that, in 2003, Florida created a system where the default brokerage relationship had "all licensees ... operating as transaction brokers, unless a single agent or no brokerage relationship is established, in writing, with the customer"[7][8] and the statute required written disclosure of the transaction brokerage relationship to the buyer or seller customer only through July 1, 2008.

In the case of both Florida[8] and Colorado,[6] dual agency and sub-agency (where both listing and selling agents represent the seller) no longer exist.

Other brokers and agents may focus on representing buyers or tenants in a real estate transaction. However, licensing as a broker or salesperson authorizes the licensee to legally represent parties on either side of a transaction and providing the necessary documentation for the legal transfer of real property. This business decision is for the licensee to decide. They are fines for people acting as real estate agents when not licensed by the state.

In the United Kingdom, an estate agent is a person or business entity whose business is to market real estate on behalf of clients. There are significant differences between the actions, powers, obligations, and liabilities of brokers and estate agents in each country, as different countries take markedly different approaches to the marketing and selling of real property.

The difference between salespersons and brokers

[edit]

Before the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees now help buyers through the legal process of transferring real property. Legally, however, the term "salesperson" is still used in many states to describe a real estate licensee.[citation needed]

Real estate broker (or, in some states, qualifying broker)

[edit]

After gaining some years of experience in real estate sales, a salesperson may decide to become licensed as a real estate broker (or Principal/qualifying broker) in order to own, manage, or operate their own brokerage. In addition, some states allow college graduates to apply for a broker's license without years of experience. College graduates fall into this category once they have completed the state-required courses as well. California allows licensed attorneys to become brokers upon passing the broker exam without having to take the requisite courses required of an agent. Commonly more coursework and a broker's state exam on real estate law must be passed. Upon obtaining a broker's license, a real estate agent may continue to work for another broker in a similar capacity as before (often referred to as a broker associate or associate broker) or take charge of their own brokerage and hire other salespersons (or broker licensees). Becoming a branch office manager may or may not require a broker's license. Some states allow licensed attorneys to become real estate brokers without taking any exam. In some states, there are no "salespeople" as all licensees are brokers.[9]

Types of services that a broker can provide

[edit]

Real Estate Services are also called trading services [10]

Real estate brokers and sellers

[edit]

Flat-fee real estate agents

[edit]

Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example,[11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the property and negotiating a sales price.[11] The result is the seller pays less commission overall (roughly half) when the property sells.[11] This is because a seller will pay a percentage of the sales price to a buyer's agent but not have to pay a percentage to a seller's agent (because there isn't one; the seller is representing himself).

Brokerage commissions

[edit]

In consideration of the brokerage successfully finding a buyer for the property, a broker anticipates receiving a commission for the services the brokerage has provided. Usually, the payment of a commission to the brokerage is contingent upon finding a buyer for the real estate, the successful negotiation of a purchase contract between the buyer and seller, or the settlement of the transaction and the exchange of money between buyer and seller. Under common law, a real estate broker is eligible to receive their commission, regardless of whether the sale actually takes place, once they secure a buyer who is ready, willing, and able to purchase the dwelling.[12]

Economist Steven D. Levitt famously argued in his 2005 book Freakonomics that real estate brokers have an inherent conflict of interest with the sellers they represent because their commission gives them more motivation to sell quickly than to sell at a higher price. Levitt supported his argument with a study finding brokers tend to put their own houses on the market for longer and receive higher prices for them compared to when working for their clients. He concluded that broker commissions will reduce in future.[13] A 2008 study by other economists found that when comparing brokerage without listing services, brokerage significantly reduced the average sale price.[14]

RESPA

[edit]

Real estate brokers who work with lenders can not receive any compensation from the lender for referring a residential client to a specific lender. To do so would be a violation of a United States federal law known as the Real Estate Settlement Procedures Act (RESPA). RESPA ensures that buyers and sellers are given adequate notice of the Real Estate settlement process.[15]

Realtor

[edit]

In the United States, the term realtor is trademarked by the National Association of Realtors, which uses it to refer to its active members, who may be real estate agents or brokers.[16][17][18] In Canada, the trademark is used by members of the Canadian Real Estate Association.[19] Both organizations advise against the use of realtor as a generic synonym for real estate agent.[19]

Continuing education

[edit]

States issue licenses for an annual or multi-year period and require real estate agents and brokers to complete continuing education prior to renewing their licenses. For example, California licensees must complete 45 hours of continuing education every 4 years in topics such as agency, trust fund handling, consumer protection, fair housing, ethics, and risk management.[20]

Organizations

[edit]

Several notable groups exist to promote the real estate industry and to assist professionals.

Notable agents and brokers

[edit]

See also

[edit]

References

[edit]
  1. ^ "Real Estate Professionals Explained: Agent, Broker, REALTOR". Real Estate News and Advice | Realtor.com. 2014-03-10. Retrieved 2018-12-27.
  2. ^ "How Much Is Real Estate Agent Commission?". Bankrate. Retrieved 2018-12-20.
  3. ^ "FAQs". www.illinoisrealtors.org. Illinois Realtors. Retrieved August 16, 2018.
  4. ^ "Realtor Code of Ethics - Disclosure" (PDF). Real Estate Association Standards of Business Practice.
  5. ^ "Statutes & Constitution :View Statutes : Online Sunshine". Leg.state.fl.us. Retrieved 2014-02-10.
  6. ^ a b "Outline of types of representation available in Colorado, including Transaction Brokerage" (PDF). Dora.state.co.us. Retrieved 2014-02-10.
  7. ^ Evans, Blanche (2 July 2003). "Florida Implements Default Transactikn Brokerage Statute". realtytimes.com/. Realty Times. Retrieved 2 February 2014.
  8. ^ a b The 2007 Florida Statutes. Chapter 475 Real Estate Brokers — Part I; Real Estate Brokers, Sales Associates, and Schools (ss. 475.001-475.5018), Section 475.278 Authorized brokerage relationships; presumption of transaction brokerage; required disclosures (1) Brokerage Relationships: (a) Authorized brokerage relationships. — A real estate licensee in this state may enter into a brokerage relationship as either a transaction broker or as a single agent with potential buyers and sellers. A real estate licensee may not operate as a disclosed or non-disclosed dual agent ... (b)Presumption of transaction brokerage. — It shall be presumed that all licensees are operating as transaction brokers unless a single agent or no brokerage relationship is established, in writing, with a customer."
  9. ^ "Real Estate Broker's License: Examination and Licensing Application Requirements". New Mexico Administrative Code. State of New Mexico Commission of Public Records. 21 January 2021.
  10. ^ "Real Estate Laws Website". BC Real Estate Laws - Pat 1 Trading Services.
  11. ^ a b c Quigley, John M. (2000). "A Decent Home: Housing Policy in Perspective". Brookings-Wharton Papers on Urban Affairs. 2000 (1): 53–88. CiteSeerX 10.1.1.369.6806. doi:10.1353/urb.2000.0011. ISSN 1533-4449. S2CID 154714417.
  12. ^ "Getting a Brokerage Commission Paid | New York Law Journal".
  13. ^ Daniel Gross (20 February 2005). "Why a Real Estate Agent May Skip the Extra Mile". The New York Times. Archived from the original on 29 May 2015.
  14. ^ B. Douglas Bernheim; Jonathan Meer (13 January 2012). "Do Real Estate Brokers Add Value When Listing Services Are Unbundled?". The National Bureau of Economic Research. Working Paper Series. doi:10.3386/w13796. Retrieved 3 September 2016.
  15. ^ "CFPB consumer laws and regulations RESPA" (PDF). Consumer Financial Protection Bureau. Retrieved 13 October 2021.
  16. ^ Buch, Clarissa (20 April 2023). "What Is a Realtor? A Member of the National Association of Realtors". Realtor.com. National Association of Realtors. Retrieved 17 June 2023.
  17. ^ "Understanding the Difference Between a Realtor and a Real Estate Agent". The CE Shop. Retrieved 19 June 2023.
  18. ^ Colestock, Stephanie (August 13, 2021). "Realtor vs. real estate agent: What's the difference?". Fox Business. Retrieved 20 June 2023.
  19. ^ a b "Using the REALTOR® Trademark in Advertisements - CREA". 12 November 2020.
  20. ^ "Continuing Education Requirements". Ca.gov. California Department of Real Estate. Retrieved 26 June 2023.
  21. ^ "Professional Recognition of our Programs". Real Estate Division at Sauder, UBC. January 8, 2019.
  22. ^ "Real Estate Institute of Canada (REIC)". Thomson Reuters Canada Limited. Retrieved 8 January 2019.
  23. ^ "Lobbying Spending Database: National Assn of Realtors : 2007". Retrieved 2008-10-25.
  24. ^ Kodé, Anna (10 November 2024). "A Real Estate Queen and the Secret She Couldn't Keep Hidden". New York Times.
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