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Social infrastructure such as childcare centres can offer a good rate of return for investors. For investors there are several options to gain exposure in social infrastructure assets, from unlisted managed funds, listed real estate investment trusts to superannuation funds. Infrastructure play...
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Today the RBA increased the cash rate a further 25 basis points to 3.10%, marking the largest rate tightening cycle since the early 2000s at 300 basis points. A cash rate of 3.1% is the highest target adopted in 10 years. The increase follows signalling from the RBA it is committed to tackling t...
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It’s been a horror year for property owners but there’s a massive change on the horizon, with prices possibly set to skyrocket. Australia’s housing market could rise by up to a whopping nine per cent in the coming year. Sydney will lead the recovery and the NSW capital will ex...
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Mount Nasura, Wellard and Ashby are among 10 Perth suburbs with potential for solid price growth in 2022, following a strong year of sales growth in 2021. REIWA President Damian Collins said the suburbs that featured on this list were suburbs that had recorded relatively low price growth during ...
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Australia’s average household size is shrinking, meaning there are more people out there looking for a space of their own to rent. It’s harder to find a place to rent than it’s been in 15 years. And an added stress is likely to make it even more tough on Aussies looking for som...
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The NSW Premier says the change will allow first home buyers to save more. Historic but controversial laws affecting first home buyers have passed, with big implications for those purchasing a property this weekend. Controversial stamp duty laws have passed NSW parliament, allowing first home b...
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Thousands of first home buyers will now be able to unlock the dream of home ownership sooner following the successful passage of the NSW Government’s historic legislation in Parliament today. For the first time in Australia, first home buyers will be given the choice between paying a small...
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Real estate bigwig Quentin Kilian doesn't own his own home - and there's a six-figure reason why. Most people are surprised to learn that the boss of a powerful real estate industry group doesn’t own his own home, but instead rents it. When Quentin Kilian made the revelation during a rece...
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Property industry groups have welcomed the federal government’s commitment to build one million new homes in Australia over five years from 2024. The federal government has struck a National Housing Accord to address Australia’s housing shortage by aligning all levels of ...
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The Real Estate Intsitute of Australia has today released its national Real Estate Market Facts for the June 2022 quarter, which found Perth is the cheapest capital city for houses and units – and by some way too. House prices At $530,000, Perth once again retained the title as having the...
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There's still heat in the Perth market. Merriwa, Secret Harbour and Harrisdale have topped the list as the quickest-selling suburbs in the fast-growing Perth property market, according to new research. It took an average of 33 days to sell a property in each of these locales as measured by medi...
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Are signs pointing towards a housing market recovery? Rapidly rising interest rates and gloomy predictions of sharp property price falls from some have sparked widespread uncertainty in housing markets this year, but there are signs that the fear is fading. Experts say months of talk about the ...
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Mayor of Maitland Philip Penfold at Wollombi Road. Maitland City Council will soon break ground on a suite of works that will provide much needed improvements to accessibility to and from Farley. Worth almost $3 million and funded by a combination of council's Capital Works Program and develope...
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Sydney man Edward Dostine, far right, explains the reality of the Sydney rental market as dozens line up for a single viewing. As Australia continues to grapple with the ongoing rental crisis, potential tenants are finding it harder to secure a suitable home. Sydney man Edward Dostine, 33, said...
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Property prices dropped again in September. Property prices are continuing to decrease nationally as higher interest rates bite, with capital city housing markets falling by up to 6 per cent in the past three months. CoreLogic data shows that in September, properties were sold for 1.4 per cent ...
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Tamworth is expected to deliver up to $10.07bn in private sector invest in renewable construction and operation jobs. Dubbo’s renewable energy investment is valued at $5bn. Regional NSW towns Dubbo, Tamworth and Armidale are set to benefit from the renewable energy boom, flowing on to t...
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Reserve Bank head of domestic markets Jonathan Kearns says higher interest rates have reduced the maximum amount prospective buyers can borrow. The size of mortgages potential property buyers can take on has been cut by a fifth due to aggressive increases in official interest rates, the Reserve ...
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Property prices dropped 1.6 per cent in August, the biggest month-on-month decline since 1983. Australian property values have suffered their biggest monthly drop in almost 40 years as the market's downturn accelerates. CoreLogic's national Home Value Index recorded a fourth straight month of d...
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Another interest rate hike is all but locked in, but the Reserve Bank of Australia has not ruled out a slower pace of tightening. RBA governor Philip Lowe said the 2.35 per cent cash rate was "still on the low side" but suggested between 2.5 and 3.5 per cent as a "neutral" cash rate range. "We'...
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Meriton Managing Director Harry Triguboff has slammed the Reserve Bank for interest rate rises, which he labelled “idiotic”. In a speech at a luncheon hosted by the Australia-Israeli Chamber of Commerce at Dalton House, Hyde Park in Sydney on Wednesday, the 89-year old billionaire an...
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International students are returning to the cities to study at major universities. According to the Home Affairs Department the number of international students applying for visas hit a record high in June as city life and international travel resume. Finding a rental property at the moment is ...
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The increase in rent comes as competition for rental properties is growing in cities and regional areas of Australia. Landlords seeking to recoup rising borrowing costs, more households being formed and fewer homes being built, experts say Rents have risen at the fastest rate for 14 years...
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The Australian Government has delivered its first major milestone under the Better Connectivity for Rural and Regional Australia Plan, with $480 million provided to NBN Co to upgrade the NBN fixed wireless network. The Plan will deliver improved broadband and mobile coverage in regional Australi...
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About two (2) million or 21% of Australian households hold an investment property. The number of housing investors have increased by 240,000 or 13% over the last five years. Of the two million investor households, some 68% hold just one investment property, whilst 20% hold two. When looking at...
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Would-be homebuyers hoping that cooling property markets will mean an end to affordability pressures, allowing them to finally crack the market, might be disappointed, new data suggests. Australian Bureau of Statistics figures released on Tuesday revealed a continued slump in the number of new b...
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Speculative media reports linking the suicide of Metricon co-founder Mario Biasin to a potential company collapse have forced acting managing director Peter Langfelder to go public with a defence. The rumours, he said, are baseless, the company in “a strong position”, with all contra...
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Condev building sites left quiet after its collapse. A builder insider has revealed that outrageous price gouging is contributing to the instability in the industry as costs blow out by up to $100,000 per job. A building insider, who works for one of the largest construction companies in NSW, h...
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Over the March 2022 quarter, housing construction costs increased at their fastest pace in more than 40 years. It was also the largest annual increase since that time. Each quarter, the Australian Bureau of Statistics (ABS) publishes producer price indices, and within that release is data ...
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The ATO is stepping up surveillance of GST claims. A recent court case involving a DIY super fund subdivision highlights the importance of ticking all the boxes. A landmark legal decision has closed a popular loophole that enabled trustees of self-managed super funds involved in property develo...
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Lagging unit prices have dragged down overall prices in some suburbs. Around one in six homes sold are changing hands at a loss in some neighborhoods despite the pandemic property boom, new figures show. In the Perth city council area, 47.6 per cent of sales made a loss in the December qu...
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Master Builders NSW can report that building material costs are now increasing at their fastest rate since 1980. Right across Australia, the cost of materials used in house building has increased by +4.2 per cent during the March 2022 quarter and are now +15.4 per cent higher than a year ago. Th...
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Email communications between home buyer and settlement agent hacked Request for payment with false bank account details sent to buyer Loss brings 2022 total for payment redirection scams to more than a million dollars A WA woman has reported to Consumer Protection losing about $732,000 aft...
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On Tuesday the Reserve Bank increased interest rates for the first time in 11 years and rates are expected to increase sharply over the rest of 2022. We have already seen a slowdown in home price growth sparked by buyer expectations of rate rises. But what will higher rates mean for the housing ...
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The RBA has increased interest rates by 25 basis points to 0.35 per cent. The Reserve Bank of Australia (RBA) has increased the nation's official cash rate for the first time in more than 11 years, and three of the nation's big four banks have already passed the rate rise onto customers. Today ...
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Property millionaire Eddie Dilleen has 42 homes. A Sydney-based real estate investor who owns 42 homes and has set his sights on acquiring 1000 properties has revealed that he doubts he and other investors have had a marked impact in driving up home prices. Eddie Dilleen has been one of t...
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t’s the first-ever fine to be doled out under Australia’s foreign investments rules. Vijay Balasubramaniyan, a residential real estate buyer, has been penalised $250,000 after he was found to have purchased multiple properties in outer Melbourne without being authorised to do so by t...
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Perth builders are going broke, and The West Australian’s chief reporter Ben Harvey says it’s the city’s thousands of ‘ghost slabs’ that are responsible. There can be no doubt the Perth housing market is experiencing a bizarre set of market conditions. House prices...
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Looming interest rate hikes and the soaring cost of living are tipped to take some pressure off the housing market. A looming hike in Australia's official cash rate will result in a crash of the property market goes the theory – but one of the nation's top economists says that's unlikely t...
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Brisbane’s Queens Wharf Development has a high number of Chinese buyers who committed to purchases when borders were shut. Developers are banking on a new wave of interest from international buyers over the next few years as borders reopen. The last two years of strong growth in the new h...
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Property Council of Australia president David Harrison: ‘It’s bloody simple — we’ve got to convince the state governments to rezone land. It’s the state governments, driven by a little bit of prodding from the federal government, which will help us get the supply we ...
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Australians love to talk about real estate, but there’s a lot more to calculating the true value of one’s residential or commercial property than meets the eye. There are two ways to understand the value of your home or commercial property: a property valuation and a real...
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More construction and health jobs will be created on the Coast after a development application for a new private hospital in Maroochydore was approved. The Maroochydore Private Hospital will be an eight-storey medical and teaching facility with high-end amenities and featuring a rooftop relaxati...
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Hutchinson Builders chairman Scott Hutchinson: “Margins are near nothing.” The collapse of Queensland mid-tier builder Condev so soon after construction giant Probuild was placed into administration has increased pressure on other companies to hold up the subcontracting sector in an ...
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Condev is reported to have been seeking $25 million from developers to keep the company afloat. Another major Australian construction firm has collapsed with staff told not to come into work as liquidators are appointed. Australian construction firm, Condev will go into liquidation after failin...
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The outlook for housing supply is gloomy, showing a slump in dwelling approvals. Despite signs that the housing boom is over and recent forecasts of a looming correction in prices, new data indicates fresh constraints on the supply of dwellings to meet future demand, which could push up prices o...
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Chris Munro from Munro Designed Homes on one if his building sites in Coorparoo. Award-winning builder Chris Munro has called for patience and understanding in the wake of the three-day rain bomb that has displaced thousands of Brisbane residents and is set to throw project delivery times ...
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New lending to investors continued to surge in January, fresh data from the Australian Bureau of Statistics shows, with an increase of 6.1% month-on-month, to be 67.8% higher than a year ago. This pick-up in investor activity is starting to reverse the trend of landlords selling out of the marke...
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Australia’s largest home builder, Metricon, has been forced to renegotiate contracts with customers as the cracks widen in the nation’s construction crisis. Metricon chief executive Mario Biasin confirmed that the builder was in the process of renegotiating contracts “in a smal...
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The mood among buyers is changing. Home seekers are becoming increasingly hesitant to jump into new purchases because they fear a coming interest rate rise and think prices may drop later this year. That’s according to the founder of mortgage group Two Red Shoes, Rebecca Jarrett Dal...
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It now takes an average first home buyer around 12 years to save a deposit for an average priced home. They say desperate times call for desperate measures, and perhaps that's the situation Australian home ownership finds itself in. Once a dream, fulfilled by most, it's become a nightmare, unat...
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Properties in Toowoomba - such as this stunning Mary Street Queenslander - are tipped to boom in 2022. This one is up for sale with a price guide of over $670,000. A generational shift towards remote working and the boom in near-city house prices has forced property buyers to expand their horizo...
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New England will become a NSW powerhouse, with the NSW Government today announcing a $79 million plan to develop a second, massive 8,000 MW Renewable Energy Zone (REZ) in the region. Deputy Premier John Barilaro said the Government was forging ahead with its plans to deliver new energy infrastru...
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A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. KEY POINTS Homebuilder confidence fell for the second straight month. Residential construction costs are up 21% year over year. “These delivery dela...
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Meg just got pre-approved for her first home loan. Here's everything she's learned so far. My partner and I just got pre-approved for our first home loan, and I feel like I could spew any second. That's partly due to my excitement: it's a privilege to be in this position and the thought of hang...
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So much goes into a house: And so much of it is rising in price. Costs in home building will rise this year at above-average rates as timber and metal prices keep increasing, posing the risk of delays to projects and adding to inflationary pressures in the wider economy, CoreLogic says. T...
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CoreLogic’s Cordell Construction Cost Index (CCCI) for Q4 2021 showed that despite an easing in the quarterly rate of growth, national construction costs increased 7.3% over the 2021 calendar year, the highest annual growth rate since March 2005. Following a 3.8% surge in national re...
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Owning a house is becoming more of a distant dream for many young Australians. The dream of home ownership has slipped further out of reach for young Australians following a year of sharp price growth across the nation. A Finder survey of 1,000 participants during the December quarter found 39 ...
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Trying to deal with a building company liquidation is never easy. The fallout hits other people and businesses, with effects ranging from mere inconvenience, to business interruption and potentially even further shutdowns. Particularly effected are subcontractors, suppliers and the directors of ...
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Australia’s red hot housing market is showing signs of cooling as prices in Melbourne fall for the first time in 14 months. House price growth in Sydney and Melbourne have slowed for the first time in 14 months. The top end of the market led the downswing through December across t...
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A number of major builders have gone bust in recent months despite a home construction boom. Alongside a house price boom, Australia is in the midst of a homebuilding boom, with the Housing Industry of Australia expecting a near-record number of new homes will be built over the next 12 mon...
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House prices are anticipated to fall as interest rates rise. Predictions are showing that the nation’s booming property market may not last – but the impact it will have in the long term is still up in the air. In what could be viewed as a warning sign for Australia, New Zealand is ...
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A number of major builders have gone bust in recent months despite a home construction boom. Alongside a house price boom, Australia is in the midst of a homebuilding boom, with the Housing Industry of Australia expecting a near-record number of new homes will be built over the next 12 months. ...
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The Burgess Rawson auction in Melbourne was almost a sell-out as over $100 million of real estate changed hands. Private investor appetite for essential services real estate, especially childcare centres, medical properties, pharmacies and fast food outlets, lifted total sales across three days ...
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Brent Lewin, Bloomberg via Getty Images ANZ has declared housing price growth will slow to 6% in 2022 and dip 4% in 2023. The bank suggests rising interest rates, prudential regulation, and sheer unaffordability will depress prices. Its interest rate projection cuts against the Reserve Bank ...
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Sid Lal has looked at hundreds of properties but says it's hard to find an affordable home in Sydney's hot market. (Daniel Irvine.) When Australia opens its borders to migrants, already skyrocketing house prices could rise further. While immigration is not the only factor influencing house pric...
Read MoreAndrew Forrest and the Queensland premier discuss renewable hydrogen. Green energy company Fortescue Future Industries has revealed it has already received planning approval for what will be the world's biggest factory for green hydrogen electrolysers, despite announcing plans for the Gladstone ...
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One of Queensland's busiest residential builders, Privium Group, has been placed in voluntary administration with debts of more than $28 million. Privium, named 11th biggest builder in Queensland by the HIA this year after completing more than 600 projects worth $180 million, is nearing collapse...
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Monika Tu is the founder and director of Black Diamondz Property Concierge Wealthy Chinese homebuyers will flock to Australia next year despite the current trade issues with China, but the future beyond 2022 looks less optimistic, according to a prominent Sydney real estate entrepreneur. Monika...
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Lawyer Rahul Bedi, front, with clients Sheridan Burnett, Olga Zautner, Wasantha Davidlage, Reece Peart, Mohammad Choudhury and Song Le, who have all had their contracts cancelled by 3 Property Group. A bill to amend legislation around off-the-plan property contracts will be presented to ACT parl...
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The Wangi Power Station is set to fetch about $30 million. An iconic power station near Newcastle abandoned for more than 30 years is on the market expectations of a big sale price. Situated on a mostly undeveloped 22.3ha parcel, Wangi Power Station is being offered to developers via an express...
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The couple were quoted $2.4 million to tear down the $630,000 home. A couple's dream to build a home for their blended family on a waterfront block in southern Tasmania has been shattered, with experts advising the only way to fix the building's defects is to demolish it. Key points: Kev Hal...
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The Reserve Bank of Australia had a Cup Day surprise in store for the country, announcing it was abandoning its policy of “yield curve control”, meaning it was no longer going to defend any particular interest rate for borrowing over any particular duration. Until today it had ...
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Publicans Arthur and Stuart Laundy have purchased the Bayview Hotel on the Brisbane Waters harbour front in Woy Woy on the NSW Central Coast Veteran pub owner Arthur and his son Stuart Laundy have swooped on for the historic Bayview Hotel at Woy Woy on the NSW Central Coast paying a record...
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Local businesses will benefit from a range of supply chain opportunities following an announcement that Boeing Australia will establish an uncrewed-aircraft production facility in the western corridor. Boeing will construct the facility at the Wellcamp Aerospace and Defence Precinct to produce a...
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BIGGER, BETTER: The Parkes Shire Council has approved a DA for the HARS Museum at the Aiport to be significantly expanded. Parkes Council has approved the subdivision of land and subsequent erection of an Information and Education Facility (Aviation Museum) from the Historical Aircraft Restorati...
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A new ME survey has found that 61 per cent of home buyers later uncovered issues they'd overlooked when purchasing their home. A new survey has warned half of Aussie house hunters give inspections the same attention as bingewatching Netflix, citing FOMO among reasons 61 per cent later uncover is...
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The residenital bulding sector fell 20 per cent following the introduction of macroproudential measures in 2017. Residential building construction could be one of the major losers from new bank lending restrictions flagged by banking regulators to curb highly leveraged debt-to-income lending. A...
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News the banking regulator APRA wants banks to use a higher interest rate buffer when assessing home loan applications has put many borrowers on edge, however investors will likely bear the brunt of the changes. This serviceability buffer is designed to ensure a borrower could still service a mo...
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EG Advisory managing director Shane Geha says there may not be any housing bubble to pop. Frustrated house hunters holding out for a property bubble to burst could be waiting a long time, according to an industry insider who warns there is no price balloon to pop. In fact, not only will there b...
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With mortgage interest rates still around record lows, APRA is increasing the buffer required when banks test new home loan applicants. The banking regulator has announced tougher serviceability tests for home loans, which will make it harder for some borrowers to get a mortgage, on the same day...
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