Category: Finance

Property Development, Property News Update

New partnership puts focus on housing for all

The Australian Institute of Architects has entered into a new partnership with private sector, for-purpose initiative, Housing All Australians (HAA). The two organisations have executed a Memorandum of Understanding setting out a process of collaboration and range of joint activities.  The partnership recognises the need to do more in the face of Australia’s worsening social and affordable housing crisis. More than 155,000 people are currently on … Continue reading New partnership puts focus on housing for all

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Property Investment

CoreLogic: Construction costs rising at the fastest annual pace since 2005

CoreLogic’s Cordell Construction Cost Index (CCCI) for Q4 2021 showed that despite an easing in the quarterly rate of growth, national construction costs increased 7.3% over the 2021 calendar year, the highest annual growth rate since March 2005. Following a 3.8%  surge in national residential construction costs over the three months to September 2021 , quarterly construction cost growth softened in Q4 to 1.1%, bringing the quarterly … Continue reading CoreLogic: Construction costs rising at the fastest annual pace since 2005

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NEWS, Property Development, Property News Update

Average Cost of Building a New Home in Australia

How much does it cost to build a new house in different states across the nation?   Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design, and labour, several other factors are now influencing the market. Historic low-interest rates, implemented in the wake of the pandemic-related slow-down, have fuelled a general real … Continue reading Average Cost of Building a New Home in Australia

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Home Renovations, Latest Stories, Property Development

A Gallery-Like Family Home

When designing the Colonnade House in Melbourne’s East. Malvern, Splinter Society were tasked with creating a modern, concrete extension for grand Federation-era home. The vision was to bring these two very different architectural styles together into a single cohesive, family home. With a robust materials palette and deep, moody colour scheme, the architects have done just that! The resulting home cleverly balances old and new, and provides the … Continue reading A Gallery-Like Family Home

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Finance, NEWS

APRA taps the brakes

“Over 90 per cent of renters aspire to own their own home but less than half of them expect that they will ever achieve this goal. Today’s announcement by APRA will make this goal even harder,” stated HIA’s Chief Economist, Tim Reardon. “Australia has an unquestionably strong financial sector. It has withstood significant shocks, such as the Global Financial Crisis and the COVID recession, without … Continue reading APRA taps the brakes

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Finance

Monetary Policy Remains Conducive

Monetary policy remains conducive to house price growth, but headwinds could be on the horizon Commentary by Eliza Owen, Head of Research, CoreLogic Australia Today the RBA maintained its current monetary policy settings, with the cash rate target remaining at 0.1%, and the interest rate on exchange settlement balances at 0.0%. Likewise, there was no change to the rate of government securities purchases with purchases … Continue reading Monetary Policy Remains Conducive

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Finance, Latest Stories

Melbourne earthquake: Can you make a home insurance claim?

Victorians are being urged to check their home insurance policy, as the state records a 5.8 magnitude earthquake, the largest in nearly 200 years. The quake hit near Mansfield, about 150 kilometres east of Melbourne, at around 9:15 a.m. AEST today. Emergency services reported tremors as far north as Dubbo and Sydney, both about 700km from the epicentre. Finder checked 11 home insurance policies and … Continue reading Melbourne earthquake: Can you make a home insurance claim?

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Property Investment, Property News Update

What the 2032 Olympic Games means for Brisbane’s property market

The Olympics should work as a positive influence on Brisbane housing market conditions, however, with the Games still some eleven years away, the flow-on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency. The most significant positive influence on the housing market is likely to be seen in the … Continue reading What the 2032 Olympic Games means for Brisbane’s property market

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Finance, NEWS

Sydney lockdown will wipe billions from GDP

Finder’s RBA Survey: 73% of experts say Sydney’s lockdown will wipe $2bn or more off Australia’s GDP News highlights:  54% of experts think lockdown will continue past Friday  70% of economists say tax returns should be used to pay off debt  One-third of experts are expecting the cash rate to rise in 2022  6 July 2021, Sydney, Australia – The latest round of lockdowns is … Continue reading Sydney lockdown will wipe billions from GDP

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Property Investment

Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear

CoreLogic’s June Home Value Index shows Australia’s property values finished the financial year on a high with a further 1.9% growth over the month National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. CoreLogic … Continue reading Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear

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