A review by ASIC has found that reverse mortgages are allowing older Australians to achieve their immediate financial goals – improving their lifestyles in retirement – but longer-term challenges exist.
“The trend of a cooling housing market that has been evident throughout 2018 continued in July 2018 with a 5.2 per cent decline in building approvals,” stated Tim Reardon, HIA’s Principal Economist.
The Property Council has welcomed the Government’s continuing focus on the infrastructure needs of our cities through the appointment of a dedicated Minister to deal with cities, urban infrastructure and population matters.
First homebuyers have rushed back into the property market thanks to the NSW Government’s generous stamp duty concessions, with more than triple the number of people taking advantage of the savings since they were expanded in 2017.
“The First Home Buyer share of owner occupier housing loans increased again during June 2018 and is now at its highest since late 2012,” stated HIA Senior Economist, Shane Garrett.
The Property Council of Australia has urged state and territory governments to endorse the National Energy Guarantee (NEG) and support its implementation at the COAG Energy Ministers meeting.
The Property Council of Australia supports the intent of the Victorian Government’s rental reforms to be introduced to Parliament, but is calling for greater support for a build-to-rent asset class that will provide tenants with greater amenity and security of tenure.
Results from the July 2018 Property Council Office Market Report confirms Perth has passed peak vacancy and is now on a steady climb down.
The Property Council of Australia’s latest Office Market Report shows vacancy rates have declined over the past six months in the Canberra market, despite negative demand.
The Sydney CBD office market continues to be one of the tightest CBD markets in Australia and has the lowest vacancy rate in over ten years with the vacancy rate dropping from 4.8 to 4.6 per cent in the six months to July 2018 according to the Property Council of Australia’s latest Office Market Report […]