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Data collated by CoreLogic has shown that a two-speed rental market now exists, with inner-city property rentals more likely to fall compared with outer suburbs. CoreLogic’s head of research, Eliza Owen, believes several factors of the COVID-19 downturn have made inner-city rental markets more vulnerable to a market correction. “These include the relatively high exposure to overseas migration as a source of housing demand,” she said. For rental markets 10 kilometres or further from the CBD, however, house rents had actually increased by 0.1 per cent, while unit rents declined by only 0.4 per cent. The research showed that since the end of March to August, of the 125 SA3 rental market analysed, there were 63 regions where house rents increased, and 35 regions where unit rents increased. These rental increases were most common across Sydney and Brisbane, which Ms Owen said is due to the fact that employment was less affected by COVID-19, and social distancing measures have eased. The highest rental value increases were across Blue Mountains houses, which have risen by 3.3 per cent. Continue reading at: x COVID-19 pandemic may create a ‘two-speed rental... The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental falls, new research has revealed. www.smartpropertyinvestment.com.au

Earlier this month, Housing Minister Michael Sukkar was interviewed by Sky News where he signaled that the Morrison Government would indefinitely subsidise first home buyers’ property purchases: “I expect that this will be a feature of the Morrison Government’s policy prescription going forward for helping people getting their first home”… National Housing Finance and Investment Corporation figures released on Thursday show that, since July 1, 4076 places have been reserved or processed under the First Home Loan Deposit Scheme. The rapid take-up of the scheme’s allocated places, which helps applicants purchase a home with a deposit of as low as 5 per cent, will buoy the real-estate ­industry, which has been hard-hit by falling property prices, depressed­ rents and poor auction clearance numbers during the COVID-19 pandemic… Mr Sukkar told The Australian the government was “committed to doing all we can to help Aust­ralians get into a home of their own sooner”. Get details at: x Coalition to expand first home buyer subsidies - M... Earlier this month, Housing Minister Michael Sukkar was interviewed by Sky News where he signaled that the Morrison Government would indefinitely subsidise first home buyers’ property purchases: “... www.macrobusiness.com.au

The new residential development in the Lismore suburb of Goonellabah – in regional NSW – takes its name from the old timber mills in the area and the site’s eastern aspect. But much like its Hollywood namesake, Eastwood has put action ahead of words. The developer, Hunter-based McCloy Group, took the uncommon step of building stage one upfront without pre-sales. McCloy Group project director Sam Rowe says that after previous planned projects on the site by different developers stalled, the group wanted to show buyers it was committed to delivering. It invested heavily upfront in building the site’s infrastructure and presenting each block of land, without first selling any sites unseen. “Not many developers release a whole stage to market as a finished product,” Rowe says. “People could show up, walk over the lots and see the potential.” “People these days want quality,” Rowe says. “We focus on being here for the long haul, as well as providing a quality product that both the McCloy Group and the new owners can be proud of.” Get details at: x Second Stage Released at Eastwood Community in Lis... A new land release at the Eastwood community in the Lismore region is giving plenty of reasons for buyers to go ahead and make their day. www.realestate.com.au