Dear Client RENTAL CONDITIONS STABILISING AS INVESTORS MAKE A RETURN Australia is in the grips of rental crisis which has shown no signs of abating until recently. With population growth booming and new housing supply failing to keep up, every sign pointed to a worsening of the rental crisis. But over…
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…
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…
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…
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…
