News

Construction Costs Ease, But Builder Confidence Still Fragile. The nations construction sector continues its slow recalibration, with the latest ABS data showing a modest 0.7% rise in construction costs for the June quarter, down from 0.9% in March. The annual increase now sits at 3.4%, marking the lowest year-on-year growth since late 2021. While this signals a welcome easing in inflationary pressure, the industry stays cautious, with builder sentiment still subdued.

Establishing Value at a Point in Time. Requests for retrospective valuations are becoming much more common, particularly in family law matters. Retrospective valuations are often necessary to establish a property’s value at the beginning of a relationship, thereby determining contributions for each party in the event of a separation.

As we round out the series of articles based on the findings of the Valuation Insights Report, produced by the Australian Property Institute earlier this year, the last sector to discuss is Commercial property.

Sydney’s transport hub projects are set to reshape commercial property significantly. Strategic planning and rezoning around key stations are unlocking new investment opportunities and shifting how we live, work, and do business.

A significant rethink of the drivers of farmland values is currently underway in Western Australia...

The Australian Property Institute (API), the national governing body for property valuers, has released a commissioned report, offering long-term financial performance data of the various sectors within the property industry. The results contained within the report provided some interesting findings.

Legislative Shifts and Ongoing Obligations. As insurance costs continue to rise and legislative frameworks evolve, strata communities across Australia, including Body Corporates (QLD), Strata Companies (WA), and Owners Corporations (NSW, VIC) are under growing pressure to make sure their schemes are adequately insured.