Global Real Estate
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Global Real Estate | LATEST STORIES
Average House Prices Reach Record High in October: Halifax
Real estate experts have warned that government policies, such as higher stamp duty for second home buyers, may have an impact on demand.
Mortgage Payments Edging Towards 50 Percent of Household Income, Senate Committee Told
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.
NSW Passes Rental Reforms: No-Grounds Evictions Banned, Rent Increases Capped
The state’s peak real estate body has cautioned against making conditions too onerous for landlords citing the situation in New Zealand and Victoria.
Home Building in Queensland at Its Slowest Since 2013: Property Council
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.
Red Tape Forcing Australians to Buy ‘BMW’ Equivalent of a House: Think Tank Director
Both AIP and BCA are advocating for significant reforms to counter the effects of decades of flawed housing policies.
Australian Prime Minister Draws National Attention After $4 Million Property Purchase
The prime minister’s decision comes while the Labor government grapples with the cost of living crisis.
NSW to Cap Rent Increases to Once-a-Year Amid Deepening Housing Crisis
The reforms will end no-ground evictions and clarify lease termination terms while easing pet ownership in rentals.
Housing Crunch Deepens: Victoria Loses 20,000 Rental Properties in a Year
Industry experts are increasingly blaming government policies for exacerbating the housing crunch.
Capital City Renters Paying an Extra $15,000 Per Year Since the Pandemic: Analysis
Sydney house rents have risen by $356 weekly, adding $18,512 annually, while Perth rents climbed by $352, increasing $18,304 a year.
Let the Market Decide: CEO Responds to Proposal to Ban Strata Insurance Commissions
Steadfast Group CEO said it was necessary to consider the interaction between strata managers and insurance brokers before implementing a blanket ban.
First Home Buyer Loans Dip Slightly, but Housing Sector Still Robust
ABS data says Queensland leads growth in first-home buyer loans.
Perth Home Values Have Soared 75 Percent Since COVID-19
Adelaide and Brisbane also recorded massive increases over the same period.
Opposition Rejects Any Change to Negative Gearing
An academic and tax expert says negative gearing policy has little to do with housing crisis.
Record Number of Australian Homes Now Cost More Than $1 Million: CoreLogic
Sydney and Brisbane added the largest number of million-dollar suburbs, while Melbourne stagnated.
Albanese Rules Out Negative Gearing Changes, Says Investors Key to Increasing Housing Supply
Debate over negative gearing reforms has intensified after reports surfaced that the government asked Treasury to model potential tax changes.
New Zealand’s Planning Laws Set for Most Radical Overhaul in 30 Years
The coalition government will replace one law with two, which it says will make it easier to build everything from a house major infrastruture.
Coalition, Greens Block Government’s Shared Equity Scheme for Housing
The motion was suspended after receiving 19 ‘yes’ votes and 41 ’no' votes in the Senate.
Labor Faces Firefight in Senate Over $32 Billion Housing Bill
Greens argued that the proposed bill will only benefit 0.2 percent of renters while potentially driving up house prices for others.
Federal Government Launches $32 Billion Housing Initiative Amid Senate Opposition
The funding for the Housing Australia Future Fund and National Housing Accord will support 13,700 new social and affordable homes nationwide.
Half of Australia’s New Migrants Settling in Sydney and Melbourne: Report
The Institute of Public Affairs data showed 83 percent of all new migrants settled in a capital city.
