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…
CHRISTMAS MESSAGE From all of the team at DB Philpott Real Estate we’d like to wish you a very Merry Christmas and Happy New Year! This year, instead of traditional Christmas cards and gifts, we have made donations to the Variety Children’s Charity and Hanson Institute. We feel that the greatest gifts are those that…
Dear Client PROPOSED TENANCY REFORMS The SA Government has officially launched an extensive review of the Residential Tenancies Act with the release of a discussion paper on 15 November entitled “Modernising SA’s Renting Laws”. The issues dealt with in the discussion paper include renting with pets, shared housing, and the practice of rent bidding. Standardised…
Dear Client After a series of bullish interest rate hikes in recent months, the Reserve Bank of Australia has tempered its approach, increasing the cash rate by 25 basis points at its October meeting. A large proportion of economic experts had tipped another 50 basis point jump, but the sixth successive rise lifted the…
The Reserve Bank of Australia (RBA) will continue to lift interest rates until it is confident that higher inflation will not become entrenched, the governor of the RBA, Philip Lowe, told the House of Representatives Standing Committee on Economics on Friday, 16 September. However, it said it will consider a 25 or 50 basis points…
Inflation and the Housing Market ABS figures showed the highest annual rate of inflation in June 2022 in almost 32 years. As we head into the new financial year, annual inflation is expected to peak at over 7%, according to the Treasury and the RBA. This means household budgets will be tighter, savings will be…
FAREWELL & CONGRATULATIONS Rakhi Bandara officially finished up at DB Philpott on Friday 8 July 2022. Rakhi was an invaluable member of the team but has decided to move into a commercial letting and management role. The management team wishes Rakhi well in his future pursuits. As one door closes another opens and we have…
