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Deposit flicking: Real estate agents urged to cease and desist

THE Real Estate Institute of NSW has warned agents of “serious concerns” about transferring property deposits to third parties in the midst of an official probe into deposit flicking. The contentious practice has sparked a NSW Fair Trading investigation amongst concerns agents are using emerging e-solutions to avoid new AML/CTF laws by shifting deposits. Federal financial crime regulator AUSTRAC has warned agents that they remain covered by the “Tranche 2” laws enacted in July, despite the availability of deposit flicking. On Friday, REINSW alerted members to “serious concerns” with

The days of property ‘super-cycle’ could be over

‘Contentious settlement solution’ under the microscope

New Code to further improve delivery of homes in Queensland

Auction numbers continue small upward momentum

Approvals is one thing, completed houses is another

Treasurer stays calm despite large drop in home prices

Productivity body hits the right note

A NEW report has reinforced the premise that Australia cannot solve its housing affordability crisis without making it easier to build more homes. Matthew Kandelaars, Property Council o

NEW anti-money laundering and counter-terrorism financing laws began on July 1 and now is the time for businesses to become compliant. AUSTRAC, the federal government’s money laund

Top end is bucking the trend with housing

STRONG dwelling price growth, rising building approvals and sustained investment activity re highlighting a confidence boost in the Northern Territory. Luis Espinoza, Housing Industry Au

Home values decline due to Budget changes

AUSTRALIA’s home values are continuing to fall as investors and first home buyers alike nervously survey the market after the Federal Budget. Domain data shows homes in almost all