Dan Andrews’ Labor Party will be bringing a new-look cabinet to the next Victorian election, having named a new Minister of Housing and a new Minister for Planning over the weekend. With the revelation that a number of senior ministers are set to resign at the next election, the outcome of a parliamentary Labor Party […]
A total of 2,358 auctions were held last week, down 6.7 per cent from the previous week, according to preliminary CoreLogic data. A drop in auction activity in Melbourne has contributed to an overall decline in auction volume across the national combined capitals. A total of 2,358 auctions were held throughout the course of the week ended 26 […]
How do you buy a property in a buyer’s market? We give you tips on how to make it work in your favour. With the headlines declaring that Australia is now a buyer’s market, you may be asking yourself what the term really means for people who are looking to enter the real estate market. […]
The March quarter saw migration into regional centres from capital cities increase by 16.6 per cent, with this trend largely driven by young Australians. New research from the Regional Australia Institute (RAI) has found that a large portion of Australians migrating regionally were Millennials (aged 24 to 40 years old), with affordability a defining factor […]
Sydney has outranked the likes of Monaco, Hong Kong and Geneva in a top 10 list of global cities that have recorded the strongest prime real estate rental price growth over a 12-month period, according to a new analysis. A report by Knight Frank revealed that the NSW capital’s trophy market clinched the fifth spot […]
The firm’s NSW Spotlight Report has provided valuable insights and predictions on the current trajectory of the NSW property market. The report has outlined that the quickest and sharpest market upswing Sydney has ever seen, occurring from June 2020 and March 2022, has ended. During this period, prices jumped 40 per cent, or $708 a day, an […]
New South Wales Premier Dominic Perrottet has released details of his planned reforms to stamp duty in the state, though the changes don’t go as far as he’d like. Under the new scheme, first home buyers will be able to choose between an upfront payment or a smaller annual property tax if they are purchasing […]
Brisbane remained steadfast in delivering solid gains during the last month of autumn, rising above other capital markets that retreated further from the property boom. But with a series of rate hikes on the horizon, will the city’s prospects continue to be bright for the rest of the year? The possible continued downturn of Australia’s […]
The state government has unveiled plans to trial a shared-equity scheme for prospective home owners in the state, as it continues its rollout of housing initiatives tied to the latest state budget. Premier Dominic Perrottet said that 6,000 places would be available in the pilot project, to be conducted over the next two years, which […]
Despite national property values easing in the last few months, a new report showed that the ability of Australians to afford a home loan is at its lowest level in more than a decade during the latest quarter. Bluestone Home Loans’ Home Loan Affordability Index – which evaluates the proportion of the average income required to […]