The federal government has announced a new $700-million housing stimulus package aimed at rekindling property market activity. A $25,000 grant will be available to owner-occupiers “substantially renovating” or building a new home from 4 June to 31 December 2020, as part of the Morrison government’s new $688-million HomeBuilder package. A national price cap of $750,000 has…
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In the race to reach the post-COVID-19 recovery stage as quickly as possible, the necessity is to bring confidence back. However, at a time when everyone is hanging on announcements, commitments and timelines from politicians and regulatory officials, it’s important that the communication is clear, transparent and detailed in order to boost confidence. Recent discussions…
Managing our income and savings is so important if we wish to get ahead. The cost of living seems like it’s always increasing, our circumstances can change and the economy is forever fluctuating. We have to make savvy decisions now for our future. Because of this, it’s no surprise that many people are searching for…
Australia’s relationship with China may have come under scrutiny across the past couple of weeks in relation to COVID-19 but new data from the Foreign Investment Review Board indicates real estate investment from the Asian country is on the rise. According to the FIRB annual report for 2018/19, mainland Chinese real estate investment into Australia in…
Everyone matters in real estate – that’s why it’s important everybody is recognised equally when it comes to the NSW Government’s Residential Tenancies Amendment (COVID-19) Regulation 2020 (NSW), said the REINSW. Tim McKibbin, CEO, REINSW said Government needs to recognise that landlords are in a similar position to tenants throughout the COVID-19 pandemic. “There is a great…
The NSW property market will roll out the welcome mat from next weekend with agents and vendors able to hold traditional property inspections and on-site auctions after a six-week limited shutdown due to COVID-19. Neighbours have been told not to stickybeak! It starts from next weekend, May 9. Coming into the last of autumn’s listings,…
The NSW opposition have given their cautious support to the Berejiklian government’s push to abolish stamp duty and payroll tax in a bid to revive the state’s economy following coronavirus. With unemployment forecast to hit 10 per cent by the end of the year, NSW Treasurer Dominic Perrottet on Saturday laid out a plan to…
The major bank has set aside over $1 billion in new credit impairment charges, as it braces for a rise in delinquencies following the expiry of loan deferral periods. ANZ has released its half-year results for the 2020 financial year (1H20), reporting a 60 per cent plunge in its cash earnings after tax, from $3.5…
The Queensland government has backflipped on its six-month freeze of evictions, a waiver on rental payments and a ban on non-essential maintenance following over 400,000 petitioning the new laws designed to protect tenants during the COVID-19 pandemic. A statement by the Real Estate Institute of Queensland (REIQ) confirmed the government’s backflip after just 72 hours…
REINSW CEO Tim McKibbin has issued a statement in response to debate over the past few weeks around who should foot the bill for tenants suffering COVID-19-related hardship. “Little concern has existed in the public narrative regarding the difficulties COVID-19 is causing the landlord,” he said, noting that the NSW government “has made it very…