News

The extremely tight residential rental market across Australia’s capital cities shows signs of easing. CoreLogic Australia’s recent Housing Chart Pack reveals national vacancy rates now sit at 1.8%, an increase of 40 basis points from 1.4% a year ago. While this increase is encouraging for renters, the current vacancy rate of 1.8% still sits 1.5 percentage points below the pre–Covid five-year average.

Rising property values can significantly increase the total asset pool, offering opportunities for equitable division. However, they can also lead to financial strain, prolonged negotiations, and the need for creative approaches to achieve fairness. This article explores how current market conditions influence family law property settlements.

Across Australia, the prestige property market has shown resilience, with several key areas performing strongly despite broader economic conditions. From Perth to Sydney, market dynamics have been influenced by factors such as migration, housing supply shortages, and shifts in buyer sentiment. Here's a snapshot of some of the standout sales and trends in the national prestige market for 2024.

Demand for timber plantation land in Western Australia remains robust, fuelled by limited timber supply and strategic government initiatives. The long-term availability of harvestable timber resources is low, exacerbated by the Western Australian government's decision to end logging in native forests.

Sydney’s transaction volumes, though still historically low, reflect increasing confidence and comfort in the core CBD market. This optimism is supported by moderate improvements in leasing activity and the continued enhancement of key public transport infrastructure, with train, light rail, and Metro networks all now established.

As Australia continues to grapple with a housing shortage, the construction industry faces the complex challenge of rising costs. Recent data from the Australian Bureau of Statistics (ABS) and other sources provide a detailed look at the current state of construction costs and their implications for the housing market.

Acumentis, national property valuation company, is pleased to announce its new partnership with Reliance Auditing Services, a leading national SMSF audit service provider.

The Queensland Rent Roll Market remains strong, with transaction numbers settling, but limited impact on multiples and value being achieved. The Gold Coast market still leads the way, with consistently high multiples being achieved for quality portfolios, even though this market is the one under the most pressure with respect to management fee percentages being achieved.