With property and housing front and centre of political, social and economic debate so far in 2024, Treasurer Jim Chalmers has delivered his hotly anticipated federal budget for 2024–25 to Parliament. Walking a fine line between delivering cost-of-living relief without adding to inflation, the Treasurer sought to assure Australians in his 2024-25 budget address that…
April 2024 Dear Client CONSTRUCTION SECTOR ON ROAD TOWARDS NORMALISATION OF COSTS With detached dwelling approvals hitting a 12-year low in January, growth in national construction costs continued to stabilise in the first quarter of 2024, CoreLogic’s Cordell Construction Cost Index (CCCI) shows. The Q1 2024 national CCCI, which tracks the…
Dear Client RBA DELIVERS MARCH CASH RATE DECISION It’s the first-rate decision to be handed down outside of the previous ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate…
Dear Client WARM WELCOME TO OUR NEW TEAM MEMBERS! I hope this message finds you well. We are thrilled to announce the newest additions to our team who will be working diligently to ensure the best service for our valued clients. Welcome Jesse Holcroft: We are delighted to welcome Jesse Holcroft as…
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…
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…
It comes as no surprise that the Reserve Bank of Australia has raised the cash rate by 50 bps to 0.85% during its June 2022 meeting. What was surprising was the level of the increase and the back-to-back nature of the rate hike. This was the first back-to-back rate hike in 12 years, as the…
According to CoreLogic, auction figures are down 40.2 per cent this week, with 1,722 homes set to go under the hammer across the major capital cities this week, well below the 2,879 auctions held the previous week. This week’s volumes represent the fourth-quietest week of the year, only bettering the Easter long weekend and the…
The RBA has finally conceded that rising inflation and stronger than anticipated wages growth have brought forward the likely timing of the first increase in interest rates. A June interest rate lift looks more likely than not, with the Reserve Bank of Australia (RBA) itself hinting rates could head north sooner than anticipated as…
Flashback two years to March 2020, when a collective cloud of anxiety first loomed as the state was plunged into our first COVID-19 lockdown. We didn’t know then, of course, the extent to which the government would cushion the pandemic’s blow, propping up the economy over the next two years with low interest rates and…
