residential parks

Manufactured Homes (Residential Parks) Amendment Bill 2024

This bill reforms Queensland's laws governing manufactured homes in residential parks to better protect home owners from excessive rent increases and difficulty selling their homes. It caps annual site rent increases at the higher of CPI or 3.5 per cent, bans market rent reviews, creates a buyback scheme for unsold homes, and introduces new transparency requirements for park operators. The reforms respond to concerns from approximately 38,000 home owners across 203 residential parks in Queensland.