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Property
When it comes to land size, less is more for housing
‘Large parts of Australian cities remain subject to lot size requirements that no longer reflect modern housing needs.’
News
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Regulation
Native title exists: court hands back land to ancestors
A historically significant native title has been handed back to traditional ancestors following a long and difficult federal court judgment.
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Property
Dog days over as racetrack turfed out
A historic greyhound racetrack will be shuttered by year’s end as the housing crunch forces a government to think outside the box and consolidate prized land.
Economy
Higher rates and pricey petrol as economic outlook dims
Australian bonds traders are fully pricing in another Reserve Bank rate hike by the end of the year after a surprisingly strong rise in employment in June.
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Property
Difficulties lie ahead for buying and selling in Victoria
Property expert says when interest rates are higher, it reduces borrowing capacity and makes it difficult to save for a home.
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Economy
Robust labour market may not ease fears about inflation
ABS labour market figures ‘represent a stronger June movement than has been observed in recent years’.
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Economy
New survey shows ‘pullback in investor activity’
Latest survey shows investor activity fell in both new and established housing markets across the country.
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Economy
Home values decline due to Budget changes
Property data firm says ‘investors and first-home buyers are becoming more cautious as borrowing costs rise’.
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Economy
Positive signs when expectations of RBA are anchored
Report says ‘expectations households and firms have about future price increases influence economic decisions’.
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Economy
House prices continue to soar in Perth
Real Estate Institute launches $2 million club on the back of record growth in many of Perth’s suburbs.
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Regulation
Probe to begin into contentious real estate method
Fair Trading to examine ‘whether real estate agents are acting in accordance with their existing legal obligations’.
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Property
Decline in home sales highlights market uncertainty
New report says ‘households becoming more cautious in response to higher borrowing costs and increased uncertainty’.
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Economy
Budget affects national property sentiment
New report shows residential sector ‘has been unsettled by the changes to the capital gains tax and negative gearing arrangements’.
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Property
Big boost to fast-track council development approvals
Property Council says ‘improving assessment performance is one of the most effective ways to accelerate housing supply’.
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Property
More is needed to meet social housing targets
Auditor-General says ‘the department had failed to take clear responsibility for delivering the program’.
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Property
Home-building costs rise but not as much as feared
Experts say ‘it’s a waiting game for suppliers, who are holding back on passing through the full force of cost increases’.
Economy
Investors return after budget tax curve ball
The share of homes bought by investors compared to owner-occupiers is returning to levels seen prior to the federal budget.
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Regulation
Home investors blindly walking into new-build contract risk
The Federal Budget tax changes has created a wave of inexperienced investors who mistakenly believe that new-build home contracts are sale and simple, and they are blindly and dangerously signing contracts they don’t understand.
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Property
A confident outlook is just the beginning
Leanne Pilkington is CEO and Director of real estate network Laing+Simmons, with over years’ experience in the industry including. What has she learned along the journey? She shares her wisdom in her own words:
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Economy
Billionaire friendship could prompt backlash
An unlikely alliance between Pauline Hanson and a billionaire benefactor threatens to undermine her relationships with colleagues, a political expert warns.
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Economy
Voters drop major parties months out from state poll
One state premier says he will fight to win re-election amid a surge in voter preference for One Nation at a scale not seen before.