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Property
Build-to-rent incentives ‘may open door for predators’
Incentives to build more rental properties in the midst of a housing crisis may not improve the landscape unless protections are built in, experts warn.
Market
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Property
Rent increases now limited to once-a-year in WA
In the midst of the housing and rental crisis, laws are being introduced to slow the frequency of rental increase imposed by landlords.
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Property
It’s a slow build as Australian home approval sluggish
Interest rates, labour shortages and investor confidence are contributing to weak building approvals, but there are signs of recovery in detached homes.
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Property
Minister: Deadlines with penalties needed to keep interoperability on track
The Federal Assistant Minister for Competition wants states to impose deadlines and penalties to ensure the reform of the lucrative electronic conveyancing industry stays on track. The call comes after the interoperability regulator stopped its decade-long work on the change that would dismantle the monopoly help by th
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Property
Housing revamp is NT Labor’s headline election pledge
Leaders Eva Lawlor and Lia Finocchiaro have gone head-to-head in a civil debate as the NT government prepares to enter election caretaker mode.
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Property
NSW, Queensland vow to push on for reform
After electronic conveyancing regulator ARNECC paused its decade-long work to facilitate interoperability in the industry and break a property settlement monopoly, two states bodies have vowed to push ahead with the reform.
Property
IT outage compensation talk inevitable: CrowdStrike
The Australian president of CrowdStrike has apologised for the cybersecurity company’s role in causing an outage that crippled global IT systems. Friday’s outage, which hit an estimated 8.5 million Windows devices worldwide, was caused by a logic flaw in a software update sent by cybersecurity provider CrowdStrike to i
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Property
Home building to gather steam but undershoot 1.2m goal
A recovery in home building is coming but will take time and is still expected to fall short of the 1.2 million national target.
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Property
Victorian buyers target Tarneit, a suburban gem
If you’re reading this and live outside of Victoria, you may be forgiven for no being so familiar with the Melbourne suburb of Tarneit. And this month you may ask yourself why. Tarneit rocketed to the top of the sales charts during June at a time when inner city living in the southern capital seemed […]
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Property
In Queensland, we now have a Morayfield of dreams
The push for space and price – bang for buck – continues to draw buyers north of Brisbane to the suburb of Morayfield. Just as it has done so consistently for months, Morayfield drew more homebuyers to the area than any location in Queensland last month. And it wasn’t by just a little bit by […]
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Property
The coast is also a clear favourite
While Sydney’s outlaying suburbs to the north west continues their relentless sales surge, it seem property buyers are finding their little pieces of paradise on the central coast, Wyong and the Manning Riverland town of Taree. There is no denying the price and location appeal of Marden Park, Rouse Hill, Wentworthville
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Property
Renter relief hits with more cooling in sight
Clouds are finally starting to part for Australian tenants, with rents in most major cities either falling, stalling or growing at a slower pace. Low vacancy rates have pushed advertised rents higher for several months running but the latest report from real estate platform Domain shows conditions are improving for ren
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Property
Home lending slips but still well ahead over the year
New home lending remains far ahead of where it was a year ago despite a minor dip in May for property investors and owner-occupiers. Over the month, the Australian Bureau of Statistics logged a 1.7 per cent fall in all new housing loans, to $28.8 billion, with first-home buyer loans down the most, sinking 2.9 per cent.
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Property
First mini-cities revealed in fast-tracked housing plan
The first planned mini-cities have been unveiled under a signature NSW housing policy a minister insists will enable the state to deliver on ambitious home-building goals. Tens of thousands of homes could be built near four stations as part of a blanket high-density rezoning around those and other transport hubs. Plans
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Property
Dirty cash flow into Australia risks global reputation
Asian connections have made Australia a prime target for dirty cash, the regulator warns as the government is chided for failing international standards on countering money laundering and terrorism financing. Drug trafficking and money laundering were being utilised by “large and highly functional” criminal organisatio
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Property
How politicians are driving overdue change
Reforms to Australia’s anti-money laundering and counter-terrorism financing regime are long overdue, politicians say, after years of legislative inaction on the issue. First proposed 16 years ago, the long-awaited reforms will finally bring Australia into line with global standards adopted by nearly 200 other jurisdic
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Property
Tree changers expecting too much from life in the bush
Country roads are increasingly taking city slickers to their new homes. But the great migration to Australia’s regions is not all it is cracked up to be for rural councils who are scrambling to meet the high expectations of tree changers. Country councils have told a federal inquiry into local government funding they a
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Property
So, what does all this mean for conveyancers?
The federal government’s target to build 1.2 million homes in five years is too ambitious, conveyancers around the country believe. George Sourris, from Brisbane conveyancing firm Empire Legal, thinks the federal plan is a stretch “unless some major fires get lit under some people in government fast”. “I don’t know how
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Property
The first-home concession carrot
First homebuyers can benefit from a range of assistance programs, depending on which state they are in. NSW Eligible first home buyers who buy a property for $800,000 or less won’t pay any stamp duty and those who buy a property worth up to $1 million will pay a reduced rate. If you buy vacant […]
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Property
Welcome to Boomtown
The population of Marsden Park – Shanes Park has boomed. The population in 2017 was just 2837, but within six years soared to 23,778, ABS figures show. The NSW government planned the suburb as part of a priority growth area on the north west urban edge. “Planning for the development we’re seeing now occurred between […
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Property
The rise and rise of the city ‘fringe dwellers’
Growth on the urban fringes has continued “unabated” and should not be ignored in favour of creating higher density housing closer to the city, according to a group representing outer metropolitan councils. The National Growth Areas Alliance fears the government’s push for ‘well located’ housing close to jobs and servi