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Regulation
Gold Coast properties worth $10 million seized as part of AML operation
The buildings are part of $21 million worth of assets confiscated by a multi-agency task force that includes AUSTRAC.
News
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Property
Labor vows to slash red tape to turbocharge housing
Building more than a million homes is a high bar to clear in a stagnant housing market, but the government says it is committed to railing on red-tape.
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Economy
Economy stalls as private sector fails to pick up slack
More rate cuts might be needed to boost Australia’s fragile economy with soft household consumption figures contributing to stalled growth.
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Property
Affordability improves on rate cuts – but challenges remain
Buyers and renters are faring better for the first time in 12 months, according to new data.
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Economy
Tradies are keeping the economy upright – for now
Building and construction is moving in the right direction but still faces enormous challenges as we head towards end of the National Housing Accord’s first anniversary.
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Economy
Queensland property soars more than 60 per cent over five years
Prices for houses climbed from $490,000 in March 2020 to $790,000, with unit prices jumping from $385,000 to $640,000, a 66.23 per cent increase.
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Property
Could harbour be housing saviour after racecourse fail?
A bid to sell a racecourse in Australia’s urban heartland to build 25,000 homes has been scratched as eyes turn to the last working port in Sydney Harbour.
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Economy
Fall in public spending drives weak economic growth
Australia’s economic growth weakened to 0.2 per cent in the March quarter, as the private sector struggles to pick up the slack from falling public demand.
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Regulation
Conveyancers should be able to operate in Qld – AIC national president
Debate continues over allowing independent conveyancers to be able to work without relying on lawyer oversight.
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Regulation
Lawyer warns conveyancing colleagues to suck it up over AML
And for those who are in cahoots, knowingly turning a blind eye, the answer is simple: they should be jailed.
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Property
Another report suggests a big shortfall on the 1.2 million homes plan
The HIA report forecasts that home building will fall 20 per cent short of the Australian Government’s target of 1.2 million new homes over the five years.
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Economy
Two new surveys show ongoing property price surge
RBA rate cuts could fuel price rises of 6 per cent to 10 per cent by early next year, experts are predicting.
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Economy
Apartment approvals continue slide downwards
Stark warning from the Property Council after another set of statistics showed a second month a row decline in approvals.
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Economy
Greater Geelong tops regional migration ladder
Victoria’s second city takes first place among movers, as net migration to regional Australia climbs 40 per cent above pre-Covid levels.
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Economy
Warm weather and Cyclone Trump hit consumer recovery
Australia’s economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.
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Economy
Rate cut keeps auctions heading through the roof
Homes going under the hammer are at busiest level since before Easter – with 2,816 auctions scheduled this week.
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Regulation
Real estate agents can rely on conveyancers’ AML due diligence
AUSTRAC has unveiled new guidance around anti-money laundering reforms and given the sector a month to make submissions to the latest changes.
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Regulation
Debate continues on independent conveyancers in Queensland
Introducing independent conveyancers would undermine safeguards, exposing consumers to significant risks, says prominent lawyer.
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Economy
New home sales rose to highest level in a year in April, new data shows
Expectations of further cuts on the horizon point towards increases in new home sales in the months ahead, housing industry economist says.
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Property
Queensland’s post-election auction rebound with clearance rates up by 20 per cent
Real interesting change in the pre and post-election market with renewed urgency right across south-east Queensland, says Ray White’s Gavin Croft.
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Property
Buyers deterred from doer-uppers because of sticky construction costs
Rising building costs are turning buyers off fixer-uppers, with new and recently renovated homes in high demand.