Dear Client I hope this message finds you well. I wanted to take a moment to highlight our recent information night, where we covered important topics such as smoke alarm compliance and the necessity of annual checks, landlord insurance options, and effective debt recovery strategies. We believe these discussions are crucial for ensuring the…
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…
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 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…
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…
