July 2024 Key Updates: SA Implements New Rental Laws as National House Prices Continue to Rise

July 2024     Dear Client      OVERHAUL OF SA’S RENTAL LAWS TAKE EFFECT 1 JULY 2024    These reforms represent the most significant change to rental laws since the introduction of the Residential Tenancies Act 1995  and according to the state government these improvements lead the nation in delivering on National Cabinet’s plan for a Better Deal…

Federal Budget 2024: What’s In It For Property?

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…

INFLATION AND THE HOUSING MARKET

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…