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Property Market News

Latest Trending Popular This Month
Joshua

Joshua

Property prices are expected to rise 23 per cent in Sydney and Hobart
Sydney
Read detailed article at: x ANZ: Aussie property prices to surge 20% ANZ has revised its Australian property price forecasts and now expects dwelling values to rise by more than 20% in 2021 followed by 7% growth in 2022: Property prices are expected to rise 24 per cent... www.macrobusiness.com.au
0 Reply 719 Views 8Mo ago
InvestAus

InvestAus

NSW: NSW has passed a new law amending the no-pet rule allowing apartment residents to have an animal companion in their homes
The new law, which took effect on 25 August, provides specific grounds where an owners corporation can prohibit an apartment resident from keeping an animal in a strata scheme. The new policy also enables owners corporations to set reasonable conditions through their own by-laws on how pets are kept in their scheme. Under the new law, owners corporations can only refuse to allow an animal into the strata scheme if the animal "unreasonably interferes" with another resident's use of their lot or common areas. The owners corporation will be allowed to require residents to apply for approval first before having their pets enter the scheme. Continue reading at: x NSW scraps no-pet law in strata schemes Here’s what owners corporations and residents should know about the amendments in the strata law www.yourinvestmentpropertymag.com.au
0 Reply 124 Views 8Mo ago
Joshua

Joshua

Government has urged landlords, tenants and rental providers to work together with the Australian Capital Territory extending its lockdown
For the first time in over 12 months, Canberra is in lockdown due to COVID, joining Sydney and Melbourne in heavy restrictions. According to Chief Minister Andrew Barr, this current lockdown may present challenges for some people in the community, particularly tenants who have been financially impacted by the COVID-19 restrictions. “I encourage tenants to communicate with their landlord if they are experiencing financial difficulty and if they can’t make full rent payment. Tenants can negotiate a rent repayment plan with the landlord if in arrears or negotiate a temporary rent reduction.” Along with landlords supporting tenants financially, the Attorney-General has also urged tenants to provide assistance to their landlords in the form of facilitating virtual inspections where necessary and practising patience in cases of delayed repairs. Source: x Tenants and landlords asked to work together in lo... With the Australian Capital Territory extending its lockdown, the government has urged landlords, tenants and rental providers to work together closely over the coming weeks. www.smartpropertyinvestment.com.au
0 Reply 201 Views 8Mo ago
Anuj

Anuj

Singapore has outpaced China as Australia’s number one source of foreign real estate investment
Number One
According to a new report by Juawai IQI, Singaporean investors have acquired $19.3 billion in local real estate over the past two years. This put them several billion dollars ahead of Chinese entities, who accounted for just $13.2 billion of investment over the same window. On the whole, Chinese investment in Australian real estate is down from its previous high of 26 per cent of overall investment in 2015-2016 to just 13 per cent in 2019-2020. Singaporean foreign investment in Australian real estate has grown rapidly in recent years, going from $5 billion in 2016 to $8 billion in 2017, and $9 billion in the two years following that. “For retirees, second home buyers, families with school and university age children, and property investors, Australia is an obvious destination,” Mr Chmiel noted. Get details at: x Singapore is now the largest foreign investor in A... Singaporean investors have increasingly moved to fill the gaps in Australia’s property landscape left by the recent exodus of Chinese foreign investment. www.smartpropertyinvestment.com.au
0 Reply 103 Views 8Mo ago
John

John

Australia’s rental market has been influenced by similar trends to the sales market
According to a new report, Winter Property Market 2021, from real estate network The Agency, in the first six months of the year, Australia’s rental market has been influenced by similar trends to the sales market – i.e. lower levels of immigration and shifting buyers’ preferences due to changing working arrangements and lifestyle priorities. With these factors impacting both supply and demand, The Agency’s national head of property management Maria Carlino has pointed to two apparent outcomes: Regions have been outperforming inner-city areas Demand for houses has been exceeding demand for apartments.Sydney and Melbourne have both been dealing with a new wave of localised lockdowns due to COVID-19’s Delta variant outbreak, but the two capital cities aren’t telling the same stories in the rental market, Ms Carlino pointed out. Moving on to the second half of 2021, Melbourne’s rental market may gain momentum on the back of an increasing number of enquiries for large family homes, Ms Carlino said. In contrast, Greater Sydney’s vacancy rates have declined 1 per cent between April and May 2021, while regional areas like Illawarra and Central Coast showed even further tightening with fewer rental vacancies than its city counterparts. Continue reading at: x Lockdown market requires ‘realistic’ investors While the rental market has displayed resilience over the first half of 2021, investors are well-advised to manage their expectations moving forward as lockdowns continue to drive uncertainty. www.smartpropertyinvestment.com.au
0 Reply 103 Views 8Mo ago
InvestAus

InvestAus

NSW: Sydney's Northern Beaches is witnessing renewed interest from property investors and buyers
Sydney
A recent study by STRAND Property Group showed the median house price in the Northern Beaches region has been rising by $10,000 weekly so far this year. In fact, over the first half of the year, the median price of houses in the region have increased by $290,000, representing a 15.1% increase to $2.21m. Five suburbs have driven the overall uptrend in the Northern Beaches, which include Allambie Heights, Curl Curl, Collaroy Plateau, North Manly, and North Balgowlah. Of the best-performing suburbs, Curl Curl hit the highest growth in median prices over the first half of the year at 24.7% to $3.28m. "However, demand from buyers to purchase in Allambie Heights remains extremely high, as it does in Collaroy Plateau, North Manly and North Balgowlah. Get details at: x Top five suburbs to watch out for in Sydney's Nort... Dwelling prices in these suburbs have been rising consistently since the year started. www.yourinvestmentpropertymag.com.au
0 Reply 342 Views 9Mo ago
James

James

Rents in some states and regional markets have risen substantially as vacancies continue to tighten.
The latest report from SQM Research found national combined rents for houses and units rose by 13.7% in July on an annual basis. This growth was likely driven by the rents in regional markets, as the capital city average was only 6.9%. On a national level, vacancy rates remained tight at 1.7%, similar to the previous month. However, there were less vacancies this month than a year ago, when the national vacancy rate was 2.1%. “Given the ongoing international border closures and still relatively high completions, the national rental market should be at least more balanced. "That may well still happen if lockdowns persist through to summer as it is likely many people living in Sydney and Melbourne may attempt to move elsewhere." Continue to get details: x Rents continue to surge in smaller cities, regiona... Recent lockdowns in major cities are likely to renew the trend of ditching major cities for regional areas www.yourinvestmentpropertymag.com.au
0 Reply 88 Views 9Mo ago
Liam

Liam

NSW: With no end in sight to Sydney’s Covid lockdown, buyers are settling into the new way of doing business
Sydney
A stunning home in one of Killara’s most sought after streets found a new owner last week, about five months after first coming to market. “It was a very unique property and sometimes those unique properties take a little longer to find the right buyer,” he said. Mr Cohen said he had seen a marked increase in the number of buyers in the upper north shore market in recent weeks. “There is incredible activity out there,” he said. “I’ve been overwhelmed at the level of activity at the top end of the market.” Mr Cohen said buyers were becoming more comfortable buying a house through one-one private inspections and live-streamed online auctions. Continue reading at: x Buyers settle into new way of doing business in a ... With no end in sight to Sydney’s Covid lockdown, buyers are adapting to the new way of finding a home, especially at the top end of the upper north shore market. www.realestate.com.au
0 Reply 395 Views 9Mo ago
John

John

Auction markets aren’t picking up as much as one would usually expect.
Melbourne continues to top auction expectations, with 1,179 scheduled auctions for the week – up from last week’s 884. Should all of these auctions go ahead, the Victorian capital is set to see its busiest auction week since late June. But with the Greater Melbourne area still stuck in lockdown, some of the auctions are expected to be rescheduled to a later date, Ms Fono said. Meanwhile, Sydney has 535 homes set for auction this week, up slightly on last week’s 551. Across the smaller auction markets, Brisbane is expected to be the busiest with 137 homes poised to go under the hammer, followed by Adelaide with 135, Canberra with 107 and Perth with 13. Despite its own extended lockdown, Sydney took the third spot, recording a success rate of 81.3 per cent clearance rate across 551 auctions – down 7.6 per cent from the originally scheduled number and the lowest weekly number of auctions over the current lockdown period to date. Get details at: x Auction activity still dampened by lockdowns With less than two weeks before the spring selling season of 2021, auction markets aren’t picking up as much as one would usually expect. www.smartpropertyinvestment.com.au
0 Reply 105 Views 9Mo ago
InvestAus

InvestAus

NSW: Property investors have to follow the introduction of the NSW government’s new travel permit system to inspect properties on the Central Coast
While regions like Shellharbour and Central Coast are otherwise subject to the Greater Sydney lockdown rules, they’re being treated as regional areas when it comes to the new travel permit requirements. “For the purposes of this public health order and permit, Greater Sydney will no longer include Shellharbour and the Central Coast,” NSW Health said in a statement. As per a previous statement issued by the government, “any person” inspecting real estate in the regions must now genuinely need a home to live in – “no investment properties”. “The increased fines and heightened police presence are about ensuring people who are doing the wrong thing are caught and punished appropriately,” NSW Premier Gladys Berejiklian said earlier this week. Under the rules of the new permit system, even those looking to set up a permanent home in the regions will need to apply for a permit before venturing out to view a property. Get details at: x NSW’s new permit system locks investors out of C... Even though it remains subject to the same restrictions as the rest of Greater Sydney, those looking to visit the Central Coast will now need a travel permit. www.smartpropertyinvestment.com.au
0 Reply 244 Views 9Mo ago
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