News
Interest rate increase – 7 June 2022
From the CEO of REINT; As anticipated another interest rate increase hike was announced by RBA on 7 June 2022. A material increase of 0.5% although the expectations were for a lower increase. Needless to state this increase would add to the already...
Construction costs rising at the fastest annual pace since introduction of the GST
CoreLogic’s Cordell Construction Cost Index (CCCI) for Q1 2022 showed national residential construction costs increased 9% over the 12 months to March 2022, the highest annual growth rate on record outside of the introduction of the GST (10.2% over...
Two years on from COVID – how has the Perth sales market changed? – REIWA
Since the onset of the COVID-19 pandemic in March 2020, Perth home values have increased 21.6 per cent, sales activity is up 56 per cent and the median time to sell has dropped from 43 days to just 14 days. REIWA President Damian Collins said the...
Pipeline of new homes construction grows – HIA
Detached home commencements fell by 10.1 per cent in the final quarter of 2021 but the number of homes under construction continues to grow,” stated HIA Economist, Tom Devitt. The ABS today released its building activity data for the December 2021...
4 ways rural agents are leveraging technology – Openn
The perks of technology in rural Australia go beyond just posting your property to a major real estate portal. What if you could take it a step further and manage an entire property sale online – all while building future clients and getting the...
The Property Council of Australia today welcomes expanded guarantee scheme
The Property Council of Australia today warmly welcomed the Federal Government’s decision to extend the house price caps within the Home Guarantee Scheme, helping more people bridge the deposit gap. The new capital city and regional city price...