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Economy
House prices will pick up in 2025 – even without a February rate cut
Money markets are pricing in an 92% probability of an interest rate cut when the Reserve Bank board next meets.
News
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Economy
Stable conditions boost new home sales in 2024
Monthly survey of the largest home builders in the five largest states suggests new home buyers are returning amid expectations of rate cuts this year.
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Property
Housing fund projects revealed as affordability rankles
Just 22 per cent of Australians surveyed were satisfied with the availability of affordable housing, the lowest level since Gallup started conducting the polls in 2006.
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General
Call to recognise influential female conveyancing leaders for IWD
With the International Women’s Day on the horizon, triSearch CEO Chris Gibbs is urging readers of Australian Conveyancer to shine a light on inspirational practitioners.
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Practice
Growing chorus of conveyancers call for action on fees
Lawyer-turned conveyancer Aakanksha Khurana tells Australian Conveyancer about the burden and significant time it takes to negotiate fees.
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Economy
Chances of February rate cut increase on inflation data
Core inflation fell to 3.2 per cent in the year to December, which is its lowest level since 2021 – putting pressure on the RBA to cut rates.
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Economy
Price rises on cards for next two years, big four consultancy firm says
House prices will rise by 3.3% over the next 12 months and by a stronger 6% in 2026 – with unit prices outpacing houses, according to KPMG.
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Economy
WA holds off QLD to remain top performing state
WA led the national rankings, coming first in five of the eight economic indicators – with QLD moving up from third spot joining South Australia in second place.
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Property
Housing sector apprentices offered $10k sweetener
Deal welcomed by housing industry bodies but they say more needs to be done to hit 1.2m homes target
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Property
Land price growth outpaces CPI and home building costs
Price rises of 7.6 per cent are more than double the rate of CPI, signaling another dent in the government’s 1.2 million homes target.
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Regulation
More charges over building regulator kickbacks scandal
The Independent Broad-based Anti-Corruption Commission has laid more charges as part of its investigation into alleged financial gains linked to builder registrations signed off by the Victorian Building Authority.
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Regulation
AML and cybercrime top list of threats to conveyancers
Get ahead of the criminals targeting your conveyancing business by understanding the threats you face before it’s too late.
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Property
Government urged to adopt nationwide portable bond scheme
Renters could save up to $2,600 in interest over 10 years to provide much-needed emergency savings if required.
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Property
Housing Accord target already behind by 15,000 homes
While 60,000 new homes are needed every quarter, only 44,884 homes were built across Australia in the three months after the Accord kicked off.
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Property
Renters and first-time buyers in driving seat
The slowing property market is turning into a win for renters and first-time buyers, according to economists.
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Property
Just six out of 43 councils hit NSW target for DA approvals
At the current pace, only 183,996 of the 322,000 new dwellings needed in Greater Sydney by July 2029 will be delivered.
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Property
Greens housing crusade fails to sway most tenant voters
Despite the Greens pivoting towards the plight of renters ahead of the election, tenants are giving more backing to the major parties, polling has revealed.
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Property
Backlog of cases shows planning system is broken
An independent development approval arbitrator is needed to consider appeals after number of cases doubled in a decade, according to HIA
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Property
A drop in new home building approvals must be reversed
The 169,140 new homes approved in 2024 is 30 per cent lower than required to achieve the 1.2 million National Housing Accord target.
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Property
Home building to pick up in 2025, but only modestly
Housing construction is expected to ramp up this year but labour shortages, builder insolvencies and higher global inflation pose headwinds.
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Economy
Property dominates wealth but stocks safer than houses
Investors might start looking outside of the property market where most of Australia’s wealth is held, as returns for another sector outstrip housing.