Dear client MARKET UPDATE- OCTOBER 2023 As we look back at the month of October, Adelaide’s housing market continues its steady climb, reaching unprecedented heights. August witnessed an increase of 1.1% in Adelaide’s housing values, pushing them to a new record high. Currently, the median house value in Adelaide is $682,642. Over the…
Dear Client CHANGES TO THE RESIDENTIAL TENANCIES ACT REISA lobbies Labor Party The State Government is seeking reform, issuing rolling changes to the Residential Tenancies Act 1995 & REISA is campaigning the SA Government to seek full visibility over these rolling reforms. REISA has forwarded a comprehensive submission to the Government…
August 2023 Dear Client Housing commitments front and centre at national cabinet. Following the national cabinet meeting of state and territory leaders, the Prime Minister stated the group has agreed on a number of collective measures to address housing pressures. This will see states and territories develop a nationally consistent…
Dear Client, ‘NO CAUSE’ EVICTIONS TO BE BANNED IN SOUTH AUSTRALIA – 16 JULY 2023 Media Releases – CBS – ‘No cause’ evictions to be banned in South Australia | Consumer and Business Services (cbs.sa.gov.au). Tenants will no longer be able to be evicted from their rental home without cause under new rental reforms…
Dear Client A LANDLORD’S GUIDE TO THE EOFY With the End of Financial Year (EOFY) fast approaching it is a good time to review whether you are doing all you can to be tax-compliant but also whether there are any opportunities to increase investment property returns. While many of us don’t particularly enjoy tax time…
May 2023 Dear Client, Is the RBA knocking Australia into a recession? Following the central bank’s shock decision to lift the cash rate at its May meeting, one financial expert has urged the Reserve Bank of Australia (RBA) to throw caution to the wind as recession threats loom large on the horizon. As part of…
April 2023 Dear Client, MRI PROPERTY TREE – CLOUD BASED PROPERTY MANAGEMENT As we close out the financial year DB Philpott will be moving to a cloud-based platform to assist in the management of your property. We hope this platform will streamline operations including communications across owners, tenants, and creditors. Key features of Property Tree…
March 2023 Dear Client CHANGES TO RENTAL BONDS Please note important changes affecting the payment of new tenancy bonds starting 1 April 2023. This South Australian Government will lower bonds paid for most rental properties. This is being implemented while the government works through further reforms to the Residential Tenancies Act 1995 You can read…
February 2023 Dear Client THERE’S STILL NO RELIEF IN SIGHT FOR RENTERS WITH VACANCY RATES RETURNING TO RECORD LOW LEVELS ACROSS THE COUNTRY Domain’s January Rental Vacancy Rate Report found after a seasonal rise in December, the national vacancy rate is back to its lowest point on record, at 0.8 per cent. Across the country,…
January 2023 Dear Client 50% OF AUSSIE MARKETS DECLINED IN 2022: CORELOGIC The number of Australian markets that reported a decline during the December quarter grew from less than 10 per cent in 2021 to 80.7 per cent last year, according to CoreLogic’s latest Mapping the Market report. This trend was part of a larger market downturn, which…
