Housing supply isn’t keeping up with migration intake in key regions, IPA says
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Migration into Australia has been fuelling a housing crisis, research from think tank the Institute of Public Affairs has revealed.
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Dangers of AI
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A real estate agent has been slammed for an embarrassing AI-related blunder in a listing for a $900-a-week rental in Victoria.
Read MoreAffordable QLD suburb takes out ‘best beach in the world’ gong
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A Queensland suburb has been crowned the best beach in the world, but home values are a fraction of those in southern capitals and coastal hotspots, with one listed for just $650,000.
Read MoreRelief for borrowers amid fresh signs interest rates have peaked
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31 January 2024
Borrowers have received the strongest indication yet that the Reserve Bank’s rate hiking cycle is over, with eyes now turning to the timing of the first cut.
Read More’Trophy’ site listed for first time in 60 years in Central Coast tourism hotspot
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31 January 2024
Two shock listings have emerged in the beachside tourism hotspot in Terrigal.
One is in a ‘front row’ position on Terrigal Esplanade, on sale for the first time in more than 60 years, with tenants including a popular cocktail bar/restaurant and much loved lolly shop.
Read MoreRents jump 33% in two years as crisis deepens
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29 January 2024
A typical renter in a capital city is paying $150 more in rent each week compared to two years ago, a new report has found, as strong demand for a record low number of rentals pushes up rents across Australia.
Read MoreDoubts loom over key asset class in 2024
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23 January 2024
A massive question mark is hanging over Australia’s commercial office sector amid uncertainty over the future of office space and dwindling rental yields on office properties.
Read MorePets get the nod under NSW Strata reform
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1 December 2023
The state has officially outlawed the practice of strata communities demanding bonds or fees to keep pets under a slew of reforms that have come into effect.
The Strata Legislation Amendment Bill 2023 (the Bill) makes 31 reforms to NSW’s strata legislation, primarily focusing on the rights of pet owners in multi-dwelling communities.
Read More5 ways to prep a pre-Christmas party
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1 December 2023
Planning a Christmas party or a festive catch-up? Here’s how to ensure no one in your business is left nursing any kind of “unwanted hangover in the New Year”.
The CEO of Real Estate Employers’ Federation (REEF), Bryan Wilcox, acknowledges that “there’s no doubt that some of the most anticipated events on your company’s calendar occur in December”.
But, he warns employers and employees alike to be mindful that “end-of-year celebrations and Christmas Party events also come with some potential legal risks”.
Read MoreResidential tenancy reforms introduced to WA Parliament
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29 November 2023
The Western Australian Government has today introduced legislation into Parliament which proposes a series of residential tenancy law reforms that will directly affect landlords, property managers and real estate agents.
Read MoreReforms to short-stay accommodation in Western Australia
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9 November 2023
In a media release on the Department of Mines, Industry Regulation and Safety (DMIRS) website today, the Western Australian Government has announced reforms to the short-stay accommodation sector, to improve housing availability through incentives to property investors.
Under the reforms, the following will apply:
All short-term rental accommodation providers to be required to register properties
New $10,000 incentive for property owners to transition existing short-term rental accommodation into long-term rental homes for Western Australians
Reforms to provide consistency across the sector and clarity on what is required to operate a short-term rental accommodation property.
Bill introduced to amend South Australia's Residential Tenancy Act
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1 November 2023
In a media release today, the South Australian Government has announced the introduction of “landmark rental reforms” to parliament as part of its commitment to improving housing outcomes in the rental market.
Under the proposed bill to amend the Residential Tenancies Act 1995, changes to legislation would include:
introducing prescribed grounds to terminate or not renew a tenancy
extending the notice period to end a tenancy from 28 days to 60 days
allowing tenants to have pets in rental homes with reasonable conditions
protecting tenants’ information
ensuring rental properties comply with minimum housing standards
providing additional support for victims of domestic violence.
