Feb 04, 2025 Go Strata Media INTRODUCTION Developers set up all of the key features of strata buildings as they have to and need to so that the new strata owners can take over a finished, organised and operating building complex. Developers also have many incentives to set up new strata buildings properly since they…
Latest Property News
By Liv Adams 04 February 2025 | 5 minute read Clearance rates remain steady across major cities as auction volume rises, with further growth expected ahead of Easter. CoreLogic’s latest Property Market Indicator Summary revealed that auction markets are showing signs of recovery as the festive period slowdown continues to lift. Last week, 1,399 homes went under the…
03 FEB 2025 By Emilie Lauer 6 min read NAB cut its fixed-rate mortgages two weeks ahead of the RBA meeting, leading the way among the “big four” banks. NAB has cut its fixed-rate mortgages across all its loan terms, following Macquarie Bank’s initiative, which had cut its one- to three-year fixed-rate mortgages earlier in mid-January. NAB’s…
Home Value Index, Research News • 03 Feb 2025 National dwelling values were steady in January (-0.03%) with the headline result weighed down by the capital cities, where values fell 0.2%. Dwelling values across the combined regional areas of Australia rose a further 0.4% in January, reaching new record highs. Three of the eight capitals recorded a…
By Sebastian Holloman 31 January 2025 Strong price growth resulted in a record number of Perth suburbs entering the $1 million median house sale price category in 2024, far surpassing the previous record set almost 20 years ago. Recent findings from the Real Estate Institute of Western Australia (REIWA) have revealed that a record 37 Perth…
By Emilie Lauer 31 January 2025 The national median rent rose by 6.9 per cent over 2024, marking the slowest growth since late 2021. The REA Group Rental Report for the December 2024 quarter showed that the median rent in Australia increased by nearly 7 per cent over 2024, reaching $620 per week. Despite data showing a…
Research News, Thought Leadership • 23 Jan 2025 In today’s Pulse, CoreLogic’s Head of Research Eliza Owen looks at key changes in the economic landscape in 2025, and how it will influence the housing market. As we step into 2025, the economic landscape is shifting. Pandemic-driven trends like high inflation and overseas migration are easing. The RBA…
by Annie Kane•12:22 PM, 29 Jan 2025 Westpac Group (Westpac) has revised its cash rate call for February 2025, suggesting that the Reserve Bank of Australia (RBA) will now start the easing cycle following its meeting next month. It is now the third major bank to bring forward its cash rate reduction call, mirroring Australia and…
By Adrian Suljanovic 24 January 2025 The non-bank lender has been ordered by the Federal Court to pay $8 million in penalties for failing to meet its design and distribution obligations. Non-bank lender, Firstmac Limited (Firstmac) has been ordered to pay the $8 million in penalties in what was the Australian Securities & Investments Commissions’ (ASIC)…