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Regulation
Review of small-minded tax on foreign capital in QLD welcomed
Property Council welcomes review of taxes it claims have meant the sunshine state has missed out on 33,000 properties since 2016.
News
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Economy
Inflation data points towards another rate cut
Some analysts think the fall bringing inflation to its lowest levels in four years warrants a .50-basis point cut.
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Economy
Billion-dollar State budget boost to tackle housing crisis
Australian Conveyancer looks at some of the wins for home buyers, property investors and developers who are receiving more than $1.3 billion across New South Wales, Queensland and the ACT.
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Economy
Auction volumes dip, but clearance rates climb on back of RBA cut
With the next RBA meeting around the corner and another rate reduction likely, could the winter mark the start of another housing boom.
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Property
Albo says Brisbane Olympic events can be held outside Queensland
The 2032 Games had an unwelcome intervention from the PM after he said that the tennis and rowing could potentially be held in New South Wales and Victoria.
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Property
Major boost for tradie students to solve housing crisis
Tradies will be able to complete their apprenticeships for free as a state government tries to ease the housing crisis.
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Property
Affordable houses needed as investors get rentals break
Tax concessions for build-to-rent developments have been extended, in a move that has been welcomed by industry figures.
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Economy
Labour market stays tight despite surprise drop in jobs
The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.
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Property
No end to tax concession for rental unit investors
Developers will get improved guidelines for building their own roads to support more homes as concessions for build-to-rent developments are extended.
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Regulation
Conveyancers still have a week to have their say on latest AML updates
AUSTRAC’s proposed updates could cut duplication and costs by letting real estate agents rely on conveyancer due diligence.
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Regulation
Three-quarters of conveyancers worried by new AML compliance
Survey shows property professionals are still unsure about their responsibilities under looming law reforms.
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Regulation
Should conveyancers join forces to handle AML compliance?
The prospect of crippling costs to comply with incoming anti-money laundering laws raises questions around the way practitioners can work together.
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Property
Put your $12 billion tax windfall where your mouth is.
Government should help home buyers by loosening the purse strings on booming stamp duty taxes in upcoming budget, REINSW says.
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Property
Taxing foreign capital will stall house building target
Apartment building has halved over a decade as creeping taxes have added up to an additional $160,000 to new dwellings.
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Regulation
Green tick: Australian net-zero projects to be rated
Environmental projects will be analysed and rated in Australia in a move experts say could prevent greenwashing and encourage international investments.
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Property
National Accord five-year timeline should be doubled
Planning reform will take up to a decade to work through to the system, a property sector expert is warning.
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Economy
Airport city to take off with major budget boost
Aerotropolis precinct near the under-construction Western Sydney Airport will receive $835 million in support as part of the NSW budget.
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Economy
Spotlight on unemployment as jobs market loses heat
Jobs data is set to dominate the economic agenda in Australia, while onlookers expect the Federal Reserve to keep US interest rates on hold.
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Property
UK housebuilding shortfall a warning for Australia
The UK’s failure to meet its housing targets highlights construction and supply chain limits that echo challenges in Australia, new research suggests.
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Property
Average home prices hit $1m with more growth to come
The average price of a home in Australia has hit $1 million after a decade of growth, though experts say a return to the explosive COVID-era boom is unlikely.
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Regulation
Federal government should take over from ARNECC – Law Council
President Juliana Warner’s submission into competition in eConveyancing highlights the council’s frustrations over the implementation of interoperability.