Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Thodey report recommends land tax, not stamp duty
NSW stamp duty should be replaced by land tax, according to a recommendation of the Thodey Report, which was released today. Instigated in 2019 by NSW Treasurer Dominic Perrottet and chaired by former Telstra Boss David Thodey, one of the draft report’s key recommendations is that broad-based land tax is more efficient and equitable than…
EBM RentCover stresses importance of following rent freeze process
Auctions go back online for some suburbs in Victoria
Public auctions and open for inspections will need to be taken off the agenda in Melbourne's current coronavirus…
HomeBuilder a potential win-win across six key areas
The Government's HomeBuilder scheme has been welcomed and criticised alike. But according to these academic experts it could…
Super and first home buyer schemes restart tomorrow but are they a good idea?
Two major government schemes restart tomorrow as the new financial year begins but comparison site RateCity.com.au is warning…
Home loan rates hit new record low of 1.99%
Fixed home loan rates continue to tumble, with Bank of Us the first lender to offer the average…
Positive signs for spending when restrictions ease
Australians who had reduced spending on items including eating out and recreational activities due to COVID-19 are expecting…
Seller confidence on the up as clearance rate holds steady
Seller confidence continues to improve with the capitals reporting the highest number of auctions in nine weeks on…
Never say never: Bond villa up for sale
Sir Sean Connery was the quintessential James Bond. The screen’s original 007: smart, handsome, refined, debonair and the most…
Clearance rate continues to climb on the back of higher volumes
Both auction volumes and the clearance rate lifted this week, with 1262 homes scheduled for auction in the…
