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Technology
Conveyancers in crosshairs of criminals targeting property cash
Scamwatch has been notified of losses totalling $12,237,870 in false billing cases – which is where these crimes are recorded – in the first five months of 2025.
News
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Property
The Trump Effect: how the US is rattling Australia’s cage
It’s been a rough few months for business decision-makers, with the threat from wars, global tensions and the uncertainties posed by Donald Trump’s abrupt announcements on trade, defence, aid, the environment, education and health. But some say uncertainty might not be a bad thing, especially for Australian property.
Property
Trump: the ripples that reach all sectors
Australia is the world’s 12th largest economy and a key player in global affairs, especially in the Asia-Pacific. So when Donand Trump whips out his black Sharpie, it pays to be looking over his shoulder. Here are some of the areas commanding our attention.
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Property
Petition to ban kickbacks tops 1,260 signatures
The practice of conveyancers handing up to $500 kick-back payments to real estate to land work is wrong and “unethical”, says the Victorian AIC president. And she has 1,260 petition signatures to back up as a case to regulators to ban it.
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Property
Disruption warning for first weekend of Seller Disclosure
REIQ has warned real estate agents of the possibility of delays and disruption to auctions of properties in strata buildings.
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Regulation
Tranche 2 AML: red letter day may mean red ink for sector
The laws to combat money laundering through real estate are coming and professionals in the property sector need to get themselves ready to manage the change. It’s a necessary evil but it could also be costly.
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Property
UK breach fines far outweigh penalties for actual laundering
Just a small percentage of the Anti-Money Laundering-related fines handed out to UK conveyancers and lawyers are for handling the proceeds of crime.
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Economy
New home sales strongest in three years
The Housing Industry Association (HIA) latest report will be good news for government hoping to see the Housing Accord back on track.
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Economy
Busiest property market for four years
FOMO back in the market with super competitive auctions making it feel like 2021 when rates were very low.
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Economy
Were the RBA dissenters right to argue for a July cut?
Meeting minutes have shed new light on the Reserve Bank’s decision to hold rates steady in July, with Australia’s low unemployment rate a concern for the board.
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Economy
Surprise jump as unemployment rate rises in June
Australia’s jobless rate rose from 4.1 per cent to 4.3 per cent in June, in a surprise outcome driven by a 34,000 increase in the number of unemployed people.
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Property
Building rebound not enough to hit national target, industry leaders say
The 47,645 new dwelling commencement figure revealed by the Australian Bureau of Statistics is behind the 60,000 that is needed per quarter.
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Property
Wanted: 10,000 households to plug in to energy research
From households fitted with solar panels to electric car drivers and business operators, a new research centre aims to model nationwide trends in energy use.
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Property
Pre-drawn $1 a time house plans unveiled to cut red tape
Pre-approved house plans could be ready for construction in 10 days, in what NSW government hopes will ignite sluggish planning system.
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Property
RBA misses opportunity to boost house building
But the two cuts that have taken the cash rate to 3.85 per cent have helped cement a level of confidence in the building and construction sector.
Property
Housing shortfall prediction disappointing but not surprising
Forecasts predicting a shortfall in the Housing Accord target reflect broader issues – from workforce shortages to planning red tape and infrastructure gaps.
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Property
Building approvals on rise but still not enough – Master Builders
Australia is facing a 285,000-home shortfall on the National Accord’s target of building 1.2 million homes by 2029.
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Property
Home truths on housing target in leaked Treasury advice
Leaked advice on the government’s new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.
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Economy
Slow rate of cuts puts squeeze on business, households
Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.
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Economy
Will rent reforms spark landlord exodus in NSW?
REINSW board member Jo Natoli fears tenant reforms could lead to thousands of properties taken off the market.
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Property
Cash rate calls having less impact on property market
Reserve Bank rate calls are no longer having as much of an impact on buoyant property market, according to conveyancers.