Category: Finance

Property Development

Growth in Australian construction costs finally show signs of easing

After two years of unabated increases in the price to build a new home or renovation, there are signs pressures on construction costs are easing despite lingering labour shortages and volatility among timber, metal and petrol prices. CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new home, returned a growth rate of 0.9% for the first three months of … Continue reading Growth in Australian construction costs finally show signs of easing

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Property Investment, Property News Update

Investments still driving gender gap in home ownership

Women in Australia continue to trail men in the homeownership stakes amid crippling interest rate rises and falling home values. CoreLogic’s 2023 Women & Property report released ahead of International Women’s Day, found men were associated with ownership of 3.1% more of the housing stock analysed than women. Female-only ownership of dwellings was 26.8%, while male-inferred ownership was 29.9%. Property owned jointly between males and females were 43.4%.  … Continue reading Investments still driving gender gap in home ownership

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Finance, Property Investment

RBA continues with fastest and largest rate hiking cycle on record

The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting,  continuing what is now the fastest and largest rate hiking cycle on record. The cash rate has jumped  325 basis points since moving off record lows in May last year.   Today’s rise in the cash rate was broadly expected, but the trajectory of interest rates over the  … Continue reading RBA continues with fastest and largest rate hiking cycle on record

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Property Development, Property Investment, Property News Update

Australian construction costs hit new high, but signs of easing emerge

CoreLogic’s Cordell Construction Cost Index (CCCI) ended the year at a new high, climbing 11.9% over the 2022 calendar year, the largest annual increase on record, excluding the period impacted by the introduction of the GST. Q4 key highlights– The Cordell Construction Cost Index (CCCI) rose by 11.9% over the 12 months to December 2022– December quarterly growth rate of 1.9% was less than half the … Continue reading Australian construction costs hit new high, but signs of easing emerge

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Finance, Latest Stories

What happens to the economy if you can’t pay your home loan?

Australia is seeing mortgage stress and other cost-of-living pressures rise, but we can avoid the financial impact being felt in the UK and US, says a UNSW Business School real estate expert.  For economists – and indeed, anyone else with an interest on how much they spend at the supermarket – cost-of-living and housing prices have been hot topics in 2022. The Reserve Bank of … Continue reading What happens to the economy if you can’t pay your home loan?

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BMT, Property Investment, Property News Update

Investors expected to flock to The Block auctions this weekend

BMT Tax Depreciation has identified a staggering amount of depreciation tax deductions on this season of The Block. Bradley Beer, Chief Executive Officer of BMT, anticipates that this will attract many investors to the auctions, which take place this Saturday 5 November. Mr Beer revealed the eye watering amount of total depreciation deductions in the properties to be more than thirty million dollars – the … Continue reading Investors expected to flock to The Block auctions this weekend

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Property Development

Australia’s construction costs continue to rise at record rates

CoreLogic’s Cordell Construction Cost Index (CCCI) for Q3 2022 showed national residential construction costs increased at a record rate in the year to September 2022, the highest annual growth rate, excluding the period impacted by the introduction of the GST (10.2% over the year to March 2001). According to the national CCCI, residential construction costs increased by 11.0% over the 12 months to September, exceeding the 10% … Continue reading Australia’s construction costs continue to rise at record rates

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Blogs, Features, Property Investment

7 Tips for Making Your New Home Building Process Easier

Building a home with everything you could want is no easy task because it can quickly become overwhelming, especially if you don’t have the necessary assistance. Throughout all phases of home construction, you will require considerable guidance and expertise. Plus, there are many things to buy, plan and research for when it comes to the building process of your new home. If you wish to … Continue reading 7 Tips for Making Your New Home Building Process Easier

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Property Investment, Property Management, Property News Update

Air BNB owners hit with 50% premium on rates

Peak property body Strata Community Association (Qld) (SCA (Qld)) has welcomed the announcement of a 50% premium on rates for short-term accommodation in today’s Brisbane City Council Budget but argues this indicates a need for the state to devolve power to local communities. SCA (Qld) President, Kristi Kinast, maintains Air BNB is one of the biggest problems in Queensland strata communities and hopes today’s announcement … Continue reading Air BNB owners hit with 50% premium on rates

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Buying a property, Property Investment, Property News Update

Wait times balloon as scarce social housing is ‘rationed’

Australian state governments are struggling to meet growing demand for low-cost housing as cost-of-living pressure rises.  Low-income earners can face a wait of more than 10 years for a tenancy, as social rental queuing times explode due to growing public and community housing scarcity, nationwide.  A new report released today from UNSW City Futures Research Centre reveals plummeting supply of social housing after a decade of minimal sector investment.  The study, … Continue reading Wait times balloon as scarce social housing is ‘rationed’

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