Global Real Estate

The National Party-led coalition government has restored New Zealand landlords’ power to evict tenants without cause, with as little as 42 days notice required.

Migrant arrivals outnumber births 2 to 1 as population grows.

The initiative aims to ease housing affordability pressures by lowering monthly repayments, though it results in higher total costs over time.

The average property now costs £268,144, which is close to figures last seen in August 2022.

Foreign buyers largely target properties over the million dollar mark and do not compete directly with first home Aussie buyers.

Victoria’s housing minister says the state will power ahead with plans to build bigger, better social housing towers.

Western Australian and Queensland mining regions are leading the growth charts.

The Coalition and Greens housing spokespersons debated the merits of their housing policies at the National Press Club on Nov. 26.

Help to Buy establishes Australia’s first national shared equity scheme.

The Help to Buy scheme is a shared equity proposal where the government will pay 30 percent of an existing home.

Real estate experts have warned that government policies, such as higher stamp duty for second home buyers, may have an impact on demand.

A new housing report shows households spend over 40 percent of income on mortgages, with national rental vacancies hitting a record low of 1.6 percent.

The state’s peak real estate body has cautioned against making conditions too onerous for landlords citing the situation in New Zealand and Victoria.

According to the Council, home deliveries have reached their lowest level since 2013, with only 6,948 new homes built in the March quarter of 2024.

Both AIP and BCA are advocating for significant reforms to counter the effects of decades of flawed housing policies.

The prime minister’s decision comes while the Labor government grapples with the cost of living crisis.

The reforms will end no-ground evictions and clarify lease termination terms while easing pet ownership in rentals.

Industry experts are increasingly blaming government policies for exacerbating the housing crunch.

Sydney house rents have risen by $356 weekly, adding $18,512 annually, while Perth rents climbed by $352, increasing $18,304 a year.

Steadfast Group CEO said it was necessary to consider the interaction between strata managers and insurance brokers before implementing a blanket ban.