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…
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…
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…
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…
As you may recall in early 2021, we discussed Electronic Lease Renewals – will the good news is that after tenants having benefited from the paperless system for some time now we launched in late 2021 Landlord Electronic Lease Renewals. Yes, the email will look a little different and will come from a iPropertyExpress.com email…
It was the year of the auction for Australia’s property market with a record number of properties being sold under the hammer in 2021. Every weekend seemed to break the previous auction volume or clearance rate record while at the same time, lockdowns and capped numbers meant breaking away from the traditional methodology. Sellers who decided…
With borders set to open on 23 November we wanted to keep you informed of what measures we have in place as an agency. VACCINATIONS – Our staff have been encouraged to have COVID-19 vaccinations for their personal health and wellbeing, although we acknowledge that this is a decision for individual staff to make. We…
