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Regulation
Conveyancers feel squeezed by added compliance
Australia’s conveyancers are stretched to the limit by heavy workloads, time-consuming and ever-growing compliance burdens, according to AIC National President Michelle Hendry
News
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Practice
Conveyancing is a numbers game
Three major players in the conveyancing sector tell Australian Conveyancer why M&A is on the mind of businesses and sole traders who are dealing with a perfect storm of pressures.
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Property
Our practitioners deserve more reward for their effort
Conveyancers do arguably the most work and carry the most risk but get paid the least – even less than property stylists who get a multiple of what the conveyancer earns. Conveyancers in NSW need to be properly remunerated for the vital role they play in property negotiations, says industry leader Chris Tyler.
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Practice
Why Victorian conveyancers’ race to the bottom hurts everyone
Conveyancers must compete with firms offering unrealistic bottom-of-the-barrel pricing, plus increased financial burdens and compliance responsibility
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Property
Tasmania’s property bump keeps conveyancers on their toes
Busy conveyancers on the Apple Isle have been handling a housing bonanza while handling added compliance and upskilling to deal with e-conveyancing.
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Property
Boom time in South Australia tests limits
SA’s conveyancers are stretched to capacity with predictions of not enough practitioners to carry the added load of extra housing needs.
Property
More agents needed to serve in ‘crazy hot’ Western Australia
Booming WA’s 697 licensed settlement agents – working in 350 businesses – completed 90,354 transactions in the past financial year as the state continues to see a housing growth spurt. Risks from cyber, fraud and government compliance are adding to their workload.
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Property
Slowing market and added responsibility hits the Top End
A mixture of limited supply, higher build costs and greater compliance burden for the close knit NT conveyancing community has been compounded by a small influx of interstate carpetbaggers looking to get into the Top End market.
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Regulation
Queenslanders counting the cost of compliance
New government legislation and extra work has had a significant impact on real estate lawyers in Queensland over several years. And the rollout of more compliance obligations is expected to continue.
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Property
Sydney tops international chart for luxury rentals
While Sydney has beaten 15 cities to the top of an international chart for luxury rents, even the well-heeled are starting to feel the cost-of-living pinch, Knight Frank researchers admit.
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Practice
Staying connected and staying on top
The conveyancing industry is in a continued state of change these days, say AIC Victoria vice-president Linda Cameron. But there is at least one constant amidst the evolution … the highly experienced practitioner’s passion for passing on her knowledge.
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Property
Hand-me-down-housing can help renters
Building new market-rate homes improves affordability by lowering rents on most existing homes, according to new research
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Economy
RBA seriously considered increasing cash rate in August
The RBA seriously considered an increase to the cash rate in August and has warned cutting them in 2024 could keep inflation above its target until mid-2027.
Property
No spring in the step for home auction market yet
Auctions scheduled for the next fortnight stands above 4,400 but analysts are cautious about the usually buoyant spring market.
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Property
Australia’s biggest building groups bullish on outlook
TWO of Australia’s biggest building groups – Metricon and NEX – are bullish about the outlook for the home construction market and have declared they need a bigger pipeline of development plots.
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Property
Regional migration on the rise
Regional Movers Index data shows 27 per cent more people moved from cities to regions than in the opposite direction during the June 2024 quarter.
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Property
Beach cabins turned into affordable housing in Queensland
Eighty-five beach cabins are being turned into social housing as part of the Queensland government’s plans to provide thousands more affordable homes across the state.
Property
Inflation for longer ‘much worse’ than elevated rates
Reserve Bank governor Michele Bullock told a parliamentary hearing that inflation won’t return to its 2 to 3 per cent target until 2026 – a year later than the RBA predicted back in May.
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Property
Overseas tradies $10k sweetener extended for a year
A $10,000 sweetener to lure overseas tradies to WA is being extended for 12 months after 1,100 signed up to the initiative to bolster its under-manned construction workforce.
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Property
Wages growth falls for a third consecutive quarter
Workers in the private sector are still clocking robust pay growth but the pace has been gradually slowing over the past year, reflecting a softening jobs market, according to the latest Australian Bureau of Statistics figures.
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Technology
First of a kind class action against WA building group
More than 5,000 customers are expected to join a $100 million class action against the BGC Housing Group building group after the case was lodged in the Western Australia Supreme Court.