In a reminder that pubs remain an attractive investment, regional pub sales in New South Wales have been concluded this month to the tune of $22 million.
NEWS & INSIGHT
The Australian dollar has risen amid rising optimism about the economic outlook.
A fundamental shift in Hong Kong’s economy is starting to take place.
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Airbnb bookings have been decimated in popular Australian locations, threatening to send overleveraged investors into financial peril.
A tax expert has warned it’s “inevitable” that a looming deadline will end up hurting taxpayers’ wallets as the coronavirus crisis rages on.
The coronavirus crisis is unlikely to make real estate affordable for young, first-home buyers despite predictions of double-digit price falls, experts say.
The concept that owning property is a license to print money is under threat.
HSBC has forecast property prices will fall nationally, and it says Sydney and Melbourne are the most vulnerable markets.
Australian Property Investor Magazine
The Real Estate Institute of NSW is heaping pressure on the state government to provide additional support for landlords affected by COVID-19, saying several insurers were not honouring rent protection policies if a tenant’s rent is voluntarily reduced, while stimulus announced to date only is available to a small percentage of property owners.
Australia’s peak real estate industry group has warned the federal government that providing stimulus for new homes and not established dwellings could have detrimental effects on the property sector and the wider economy.
Sublease office space in Sydney’s CBD has surged to a 10-year high, but COVID-19 hasn’t been the primary cause, according to analysis by commercial agency CBRE.
ASX-listed residential leasing portal Rent.com.au says a recent surge in the number of renters getting ready to move is indicative of the increasing optimism in property circles that Australia is past the worst of the coronavirus pandemic.
COVID-19 has placed stamp duty reform back on the agenda in Victoria, New South Wales and Western Australia, with state governments expected to face tumbling revenue due to a sharp reduction in transaction volumes during the crisis.
Australian Property Investor Magazine this week sat down for a virtual coffee with leading Melbourne academic, Sam Tsiaplias, a senior research fellow in the Macroeconomics Research Program at the Melbourne Institute of Applied Economic and Social Research.