There are currently 2,007 capital city homes scheduled for auction, up 9.3% on last week when 1,836 homes were taken to auction, but substantially down on the same time last year when that figure stood 2,446.
Rental growth is starting to ease after four years of runaway rises and prices climbing more than by 40 per cent, according to analysis by both Domain and PropTrack.
Demand for houses heading towards the $20 million mark is strong, with local buyers and upgraders the most active in the prestige residential market, a new CBRE survey shows.
Conveyancers must avoid generic anti-money laundering compliance programs when new rules are in force, AUSTRAC is warning as it rolls out new guidance.
Queenslanders have lost out on 33,000 new homes and 10,000s of jobs to investment-killing taxes, according to Property Council executive director Jess Caire - a former conveyancer - who criticised the state government as the peak body released new research.
Australia’s sluggish construction market is facing even more headwinds, industry leaders are warning as new data from the Australian Bureau of Statistics shows the number of building approvals heading in reverse.
Ongoing debate over housing policy prompted Treasury advice on negative gearing, according to Jim Chalmers, who spoke out after the Prime Minister denied the government had plans to reform the scheme.
The property investment community is deserting the sector in droves, a new survey by the Property Investment Professionals of Australia shows.
Modest adjustments to property investors' tax concessions will save billions in the federal budget and help fund housing supply, independent senator David Pocock claims.
New research from CoreLogic and the ABS shows almost a third of Australian suburbs have an average $1m price tag - and the country's household property portfolio has reached a record $16.5 trillion.
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