The coronavirus has instigated a major economic reshuffle of the Australian economy.
Ella Ross and Thomas Edwards were all set to buy land in southern Tasmania and build their first home until the coronavirus pandemic put a hold on their plans.
Housing markets are cyclical, and while the nation’s two biggest cities have come off the boil, other parts of the country are heating up.
The downturn has made homes more affordable for first-time buyers - usually younger people who feared they would never get on the property ladder as prices surg…
Canberra's property market is expected to keep its head above water in 2019 while several other capital cities across the country are likely to suffer a very di…
Australian Property Investor Magazine
Capital city median house prices dipped slightly in May for the first month-on-month decline in a year, but markets were nonetheless resilient with transactional activity starting to bounce back.
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.