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.
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Australian Property Investor Magazine
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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.
Property market headlines around Australia right now are full of doom and gloom. They are usually based on a worst-case scenario, which includes a long and drawn out economic downturn on the back of the COVID-19 pandemic, but is this what we now expect?
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