The Federal Budget's $800 million expansion of the Help to Buy scheme offers Australian property professionals a nuanced landscape to navigate. While the initiative aims to support first-home buyers with smaller deposits and lower mortgages, it may inadvertently inflate demand and property prices. Mortgage broker Chris Bates acknowledges the scheme's potential to assist some buyers but cautions that increased demand typically drives price hikes. For Australian property professionals, this means advising clients to carefully weigh the potential benefits against long-term affordability challenges. The scheme, coupled with potential easing inflation and interest rates, could create a complex market dynamic. Bates also advises young Australians considering investment properties to factor in the significant tax advantages of owning a primary residence.
Category: Growth
Arts Venue Seeks Operations and Experience Assistant: Potential Impact on Property Values
Newcastle Art Gallery is offering a unique opportunity for a customer-focused individual to join their expanding team. This newly created, permanent part-time (28 hours/week) Operations and Experience Assistant role is based at the Gallery's entry desk, serving as the first point of contact for visitors. Responsibilities include providing exceptional customer service, promoting exhibitions and events, and processing ticket sales. While this role isn't directly property-related, the focus on customer experience and engagement is transferable to professionals in the property sector, particularly those dealing with sales, leasing, and property management. The position offers a competitive salary of $53,556.99 + 17.5% leave loading + superannuation, along with a robust benefits package including flexible work options. Applications close Sunday, 13 April 2025.
Modular Housing: WA Property Sector’s Game Changer?
Western Australia's property sector is grappling with significant housing supply shortages, impacting affordability and timelines, particularly for first-time buyers and regional areas. Summit Homes Group's introduction of Summit Modular aims to address this by leveraging prefabricated modular construction. This approach, detailed in a recent report, promises faster project completion – potentially slashing build times from over 12 months to just 16 weeks for the modular phase. Manufacturing modules in a controlled factory in Perth offers benefits like cost certainty, enhanced quality control, and suitability for remote locations where skilled trades are scarce.
For WA property professionals, modular housing presents both opportunities and considerations. Developers could benefit from quicker project turnarounds and potentially reduced costs. Real estate agents need to understand and communicate the design flexibility and quality aspects of modular homes to buyers. While promising sustainability advantages through reduced waste and efficient manufacturing, a comprehensive lifecycle analysis is essential. Industry-wide standards, finance and valuation considerations, and scalability for large-scale projects are crucial for widespread adoption. Understanding modular construction's evolving role is becoming vital for agents, managers, developers, and investors navigating WA's dynamic property landscape and seeking innovative solutions to housing challenges.
Avalon Airshow Crash: Property Values Take a Dive? Analysing the Impact
The Avalon Airshow near Geelong, Victoria, was disrupted by a single-engine aircraft crash, prompting immediate response and raising considerations for local property professionals. While the pilot is in stable condition, the incident suspended Thursday's events and triggered an ATSB investigation. Significant traffic delays followed, highlighting the logistical challenges of large events and potential impact on local businesses.
For Australian property professionals, the key takeaway is the potential impact on investor confidence in the Geelong region. While a single incident is unlikely to cause long-term declines, negative publicity surrounding the airshow, a major economic driver, could dampen demand for property in surrounding areas. The ATSB investigation's findings will be crucial, potentially leading to stricter regulations for such events, affecting future planning approvals and insurance premiums for developments near major venues.
However, it's essential to maintain a balanced perspective. The airshow contributes significantly to the local economy, driving population and employment growth, key drivers for strong property markets. Open communication with clients, coupled with a thorough understanding of local market dynamics, will be critical in navigating any potential fallout. Property developers and investors should monitor the ATSB investigation and assess any long-term implications for the region. Despite the immediate concerns, the underlying strength of the Geelong property market and the ongoing economic benefits of the Avalon Airshow should be considered.
Mapping the Future: Emerging Commercial Property Investment Trends in Moruya, New South Wales for 2025
The commercial property market in Moruya, NSW, is displaying promising growth potential as we approach 2025, driven by population increases and strategic infrastructure investments. This evolving landscape presents significant opportunities for Australian property professionals, investors, and business owners.
Moruya's commercial sector remains resilient, with a notable rise in property listings and an average yield of around 6.5%, positioning it competitively within New South Wales. Emerging trends highlight a shift towards sustainability, with a focus on eco-friendly and energy-efficient designs becoming increasingly important to attract investors and tenants. Additionally, the demand for flexible office spaces is on the rise, as many businesses redefine their operational models in response to the COVID-19 pandemic.
Furthermore, the retail sector is transforming with e-commerce integration, pushing for community-centric developments that include click-and-collect services. This aligns with the increasing preference for mixed-use developments, merging residential, commercial, and leisure spaces, appealing to diverse tenant profiles.
For investors, diversifying portfolios across asset classes and leveraging Moruya's advantageous location will be key strategies. Engaging local experts can provide valuable insights to navigate the complexities of this market.
Overall, with advancing technology enhancing property management and a positive economic outlook, those focusing on Moruya can expect potential capital growth and optimized rental yields. Understanding these trends will be vital for navigating Moruya's commercial property landscape successfully.
Maximising Thermal Comfort: Innovative Renewable Energy Solutions for Achieving Net-Zero Homes in Australia
As Australia faces climate change challenges, the concept of a "net-zero home" becomes essential, with indoor air quality (IAQ) playing a critical role. Indoor air can be significantly more polluted than outdoor air, impacting health and productivity. Property professionals must recognize the importance of IAQ in designing homes that are not only energy-efficient but also conducive to occupant wellbeing. Key components include efficient building design—leveraging passive design principles and thermal mass—along with renewable energy solutions like solar panels and energy storage systems.
Choosing quality, low-VOC materials and implementing effective ventilation systems enhances IAQ further. Case studies illustrate real transformations: families adopting sustainable practices saw significant health benefits and improved living conditions. However, challenges such as initial costs and shifting mindsets remain. Addressing these requires collaboration among homeowners, builders, policymakers, and communities.
Improving IAQ is an ongoing effort, involving regular maintenance, the use of natural cleaners, and the introduction of indoor plants. For Australian property professionals, prioritizing IAQ can lead to healthier homes that contribute positively to the environment, laying the groundwork for a sustainable future. Engage with clients to assess and enhance their home environments today for lasting benefits.
Flexible Hours and the Future of Work: How Technological Advancements Are Reshaping the Australian Property Market
In an age where technological advancements are reshaping industries globally, Australia's property market is at a pivotal point. The rise of flexible working hours, driven by innovations such as artificial intelligence and automation, is not only enhancing operational efficiency but also redefining the demand for residential and commercial properties. As remote work becomes entrenched, property needs are changing; spaces equipped for home offices and co-working environments are increasingly desirable. The shift towards digital solutions, as outlined in the Australian Government's Digital Economy Strategy, indicates a significant transformation in how properties are marketed and utilized.
Job displacement due to automation poses a risk, particularly for roles reliant on repetitive tasks, and may lead to a growing demand for affordable housing as lower-skilled workers face potential layoffs. Conversely, the premium property market could stagnate amid tightening budgets. Over the medium to long term, the focus on upskilling and the emergence of new job sectors will shape property demand in urban and suburban areas.
For investors, understanding these shifts is critical. Properties that accommodate remote work setups or offer lifestyle benefits will likely see increased demand. Adapting to technological advancements and investing in human capital will be essential for maintaining competitiveness in a rapidly evolving market. The implications for the Australian property sector are profound, urging professionals to remain vigilant and responsive to emerging trends.
Farming Futures: Exploring Entrepreneurship and the Unique Lifestyle of Rural Properties in Australia’s Scenic Hinterlands
Australia's rural hinterlands are thriving as centers of entrepreneurship, offering a unique lifestyle that appeals to individuals seeking sustainability and community. The region's breathtaking landscapes and strong local ties foster an environment conducive to innovative ventures, particularly in organic farming, eco-tourism, and artisanal production. As awareness of climate change grows, rural entrepreneurs are adopting advanced techniques such as permaculture and technology integration to enhance agricultural resilience. Stories like that of Sarah and Ben, who developed a successful organic farm, highlight the potential for personal fulfillment and community education. Moreover, collaborative efforts, such as regional farmers' markets, reinforce community bonds and economic vitality. For property professionals, recognizing the allure of rural living and the growing demand for sustainable practices is crucial. Engaging with these transforming landscapes can lead to lucrative opportunities in eco-tourism, sustainable agriculture, and community enrichment projects. As rural ventures flourish, they not only contribute to local economies but also help preserve cultural and environmental values, making the hinterlands increasingly attractive for investment and lifestyle choices. Embracing this narrative offers the potential for significant positive impact on both personal and community levels.
Building Community: How the Market Value Increase in Australian Suburbs Reflects Our Evolving Lifestyle Needs
By: Nick Clark Introduction As we move further into 2025, suburban Australia is witnessing a remarkable transformation driven by shifting lifestyle preferences. The increase in market value across many Australian suburbs not only highlights the rising demand for housing but also reflects a profound evolution in what home means in our contemporary society. This article...
Formycon AG Q4 2024 Earnings Analysis and Australian Property Market Impact
Formycon AG (XTER:FYB) reported mixed 2024 results, exceeding guidance for sales and EBITDA while navigating headwinds in the US market. Revenue decreased by 10%, impacted by Sandoz pausing sales of a key product due to US pricing pressures. Despite positive influences from one-off sales and milestone payments, net income was negatively affected by substantial impairments on FYB201 and FYB202. Working capital significantly outperformed guidance. For 2025, Formycon projects revenue of EUR55-65 million and negative EBITDA (EUR10-20 million) due to ongoing pipeline investment. Australian property professionals should note the company's strategic focus on regional commercialization partnerships, which may offer insights into localized market dynamics relevant to other sectors. Formycon expects to achieve EBITDA profitability in 2026.
Australian Election Campaign and Housing Market: Cost of Living Impact on Property Prices
As Australia heads to the polls on May 3rd, the election campaign's focus on cost of living issues could significantly impact the property market, with housing affordability taking center stage in political debates.
Gold Rush Glitters, Retail Sales Shine: What it Means for Property
Gold Rush Glitters, Retail Sales Shine: What it Means for Property Recent UK retail sales figures for February 2025 show a surprising uptick, driven in part by increased demand for gold jewellery amidst economic uncertainty. While seemingly unrelated, shifts in consumer spending patterns, particularly those driven by economic anxiety, can offer valuable insights into the...
2025 Federal Election: Building Industry Impact Analysis and Housing Policy Promises
As the 2025 Federal Election campaign heats up, Australian property professionals must analyse the potential impacts of Labor and Liberal party promises on the building industry. Labor's focus on continued large-scale housing projects, aiming for "the largest housing build in Australian history," presents opportunities for developers specialising in multi-dwelling residential projects, particularly within the social and affordable housing space. However, professionals need to consider if current labour shortages and material cost inflation will jeopardise profits in this space. Their pledge to cut HECS debt and invest in TAFE could alleviate skills shortages.
Conversely, the Liberal party prioritises economic management with infrastructure spending designed to encourage and enable more housing development. This includes funding for critical infrastructure designed to bring new housing markets online, support for first-time homebuyers, and restrictions on foreign investment. Such spending could create opportunities in previously less accessible areas, however, this funding may also lead to increased inflationary pressure in an already strained market. Restricting foreign investment, could, however, impact large-scale, high-end developments, though the actual effects on broader housing affordability remain debated.
Property professionals should scrutinise detailed housing and infrastructure policies from both parties, assess the potential impacts on projects, and remain informed about industry body advocacy. Understanding these evolving policy initiatives and market realities will be critical for navigating the post-election landscape and capitalising on emerging opportunities and mitigating associated risks.
Navigating Lifestyle Changes: Essential Consumer Advice for Australian Homeowners and Renters in a Shifting Property Market
The Australian property market is currently experiencing significant changes influenced by economic shifts, lifestyle preferences, and demographic trends. For homeowners and renters, understanding these dynamics is crucial to making informed decisions. As of 2023, while metropolitan areas such as Sydney and Melbourne show fluctuating home values, regional markets are gaining popularity due to their lifestyle appeal driven by remote work flexibility. Current data indicates a 7.1% average increase in national home values, highlighting growth in areas like Brisbane and Geelong.
Homeowners are advised to regularly assess property values, consider renovations for increased appeal, and stay informed about local developments that may influence market conditions. Renters should negotiate lease terms and explore co-living options in emerging suburbs to balance lifestyle needs with financial considerations.
For property investors, identifying high-growth areas is key, especially those benefitting from infrastructure projects and regional developments. Diversifying portfolios across residential and commercial properties can mitigate risks associated with market fluctuations.
Moreover, leveraging technology and data analytics can enhance decision-making. Online real estate platforms provide critical market insights, while smart home technologies may increase property value and tenant satisfaction. As the market evolves, adapting strategies and staying informed will empower Australian property professionals to successfully navigate the changing landscape.
Discovering Alexandra Headland: Your Ultimate Guide to Queensland’s Coastal Gem
Welcome to the Neighbourhood Nestled between the sparkling waters of the Coral Sea and the lush hinterland, Alexandra Headland stands as a vibrant coastal community within Queensland’s Sunshine Coast. Known for its stunning beaches, friendly locals, and an array of lifestyle choices, this neighbourhood is more than just a great place to live – it’s...
REIA Backs Budget Housing Investment, Calls for Deeper Reform
The Real Estate Institute of Australia (REIA) has given a qualified welcome to the Federal Budget's housing initiatives, acknowledging the $33 billion commitment and the ambitious 1.2 million new homes target. REIA President Leanne Pilkington views the investment as a "positive step," particularly highlighting the expansion of the Help to Buy scheme, increased social housing funding, and support for prefabricated construction. For Australian property professionals, these measures signal potential market activity and opportunities, especially for first-home buyers and affordable housing projects.
However, the REIA cautions that funding alone isn't sufficient. The organisation stresses the urgency of deeper structural reform to tackle persistent challenges like construction labour shortages, complex planning approvals, and regulatory red tape. While acknowledging measures for renters and workforce capacity boosts (like doubled apprentice incentives and expanded Free TAFE), the REIA urges the government to go further. They advocate for accelerated planning reforms, reduced red tape, and incentives to stimulate Build-to-Rent developments.
For Australian property professionals, this excerpt underscores that while the budget offers promising investment and initiatives, true market improvement hinges on broader systemic changes. The REIA's message is clear: streamlined planning, reduced regulatory burdens, and innovative approaches like Build-to-Rent are crucial for a sustainable and affordable housing market, impacting long-term market health and development feasibility.
Lebanon Rocket Fire: Potential Middle East Instability & Aussie Property Impacts
While seemingly distant, geopolitical instability, like the reported US airstrikes in Yemen's capital Sanaa and surrounding regions, can indirectly impact Australian property markets. Increased global uncertainty can influence investor sentiment, potentially affecting foreign investment in Australian real estate. Houthi media reports indicate intense airstrikes targeting Sanaa's airport, military sites and other areas since early Friday, with potential civilian casualties. This escalation adds to existing regional tensions and could further destabilize global trade routes, impacting commodity prices and potentially influencing construction costs in Australia. Property professionals should monitor such geopolitical developments and their flow-on effects on global markets, as seemingly isolated events can have far-reaching economic repercussions.
Boom Times, But Storm Clouds Brew for Aussie Property
Sierra Metals Inc.'s strong 2024 financial results, despite strategic challenges, offer valuable insights for Australian property professionals, especially those involved in resource-related investments. Revenue exceeded $272 million USD, a 19% increase, driven by increased production of copper, zinc, and silver. Adjusted EBITDA rose 44% to $74.2 million USD, and cash flow from operations jumped 60%.
While not directly linked, Sierra Metals' performance reflects broader trends impacting the Australian property market. Increased mining activity can boost confidence in the resources sector, driving demand for housing and infrastructure in resource-rich regions. Commodity price fluctuations, impacted by Sierra Metals' production, influence the Australian economy, affecting wages and property investment. Planned capital expenditure signals ongoing investment in mining infrastructure, creating opportunities for property developers.
Australian property professionals should monitor these trends to identify potential opportunities. Real estate agents should stay informed about mining sector developments in their area. Developers can capitalise on new housing and commercial property demands. Investors should consider including properties in resource-rich areas in their portfolios, focusing on long-term viability. Sierra Metals' projected EBITDA of $130 million USD and commodity price forecasts, while speculative, reflect broader economic currents influencing Australia's property market.
Surrey Hills Founder Sacked Over Alleged Fraud
Singapore's Surrey Hills Holdings, known for its Australian-inspired cafe chain and other F&B brands like Mensho Tokyo and MoVida, has terminated CEO Pang Gek Teng due to "wrongdoings and fraud." This has implications for Australian property professionals observing F&B retail trends, as Surrey Hills Grocer's rapid expansion from a single outlet in late 2021 to five locations demonstrated strong consumer interest in Australian-themed hospitality. The company, which also operates Bon Broth in partnership with Taiwanese chef Andre Chiang, insists daily operations will continue uninterrupted under interim CEO Koh Chew Chee. While the full extent of the financial impact is still under investigation, Ms. Pang’s dismissal raises questions about the future trajectory of the popular chain and its expansion plans.
15-Minute Cities in Australia: Assessing Their Feasibility and Potential for Sustainable Urban Living
Imagine waking up on a sunny Tuesday morning in Melbourne and stepping outside to a familiar street scene. The 15-minute city concept prioritizes people-first urban spaces where residents can meet their daily needs within a 15-minute walk or bike ride. Findings from the APN Research Report highlight its vibrancy across urban Australia, presenting opportunities for community connections and economic growth.
Residents like Tom, a Sydney entrepreneur, thrive in these environments, enjoying more free time and enhancing social ties through local initiatives. Meanwhile, working mothers like Leila in Perth benefit from seamless daily routines, with schools and essential services close by, promoting family wellbeing. The potential benefits of 15-minute cities include enhanced wellbeing from reduced commute times, stronger communities through proximity to local businesses, and improved environmental sustainability by encouraging walking and cycling.
However, the concept raises concerns regarding property values and traffic patterns. To alleviate fears, comprehensive planning and community engagement are vital. Adopting this model could stabilize or enhance property values while reducing congestion, resulting in safer streets. By embracing the 15-minute city vision, Australian property professionals can champion a transformative approach to urban living—enhancing efficiency and fostering community-centric lifestyles. For deeper insights, explore the findings of the APN Research Report and engage in shaping Australia’s urban future.
Oz Property Outlook: MacroBusiness Weighs In on Rates, Recession Risk.
Asian stock markets are having a poor finish to the trading week, influenced by potential Trump tariffs and disappointing Japanese inflation data. This global uncertainty, coupled with a slightly stronger USD, has pushed the Australian dollar back below 63 cents. Notably, the ASX200 managed a small gain, closing 0.2% higher, but remains below the 8000 point threshold.
For Australian property professionals, this volatile environment signals a need for cautious optimism. While local stocks showed resilience, the weakened AUD could impact building material costs and potentially affect property values for international investors. Keep an eye on the upcoming German consumer confidence and US PCE figures, as these will provide further clues regarding global economic trends and their potential flow-on effects to the Australian property market. Strong oil and gold prices may also create inflationary pressures, impacting interest rate decisions and influencing borrowing costs. The upcoming federal election adds another layer of uncertainty, requiring professionals to closely monitor policy announcements related to housing and investment.
Polly Views: How the Election Could Stack Up for Aussie Property
Let’s be honest — there’s been a flood of election promises recently and it can be pretty hard to keep track of it all. With the election just over a month away, here’s a breakdown relevant to property professionals.
Cost of Living: Labor offers energy rebates, while the Coalition plans to halve the fuel excise. The Greens propose adding dental to Medicare, funded by taxing corporations. Understanding these measures helps gauge consumer spending power and potentially impacts property affordability.
Housing: The Coalition aims to invest $5 billion in infrastructure for 500,000 new homes and allow first homebuyers to access up to $50,000 from their super. Labor will expand its Help-to-Buy scheme. Both major parties pledge to ban foreign investors from purchasing existing homes. The Greens address rental issues with rent caps and a government-owned developer for affordable rentals. They also propose regulating mortgages and phasing out negative gearing and capital gains tax discounts.
Climate: The Greens push ending fossil fuel projects and subsidizing renewables. The Coalition champions nuclear power and expanding gas infrastructure. Labor aims for 82% renewable electricity by 2030. Climate policies influence long-term property value and development opportunities.
Commercial Property: Market Volatility Presents Investment Opportunities
Commercial Property: Market Volatility Presents Investment Opportunities The Australian commercial property market is exhibiting resilience amidst broader market turbulence, although some sectors are navigating headwinds. Analysts and fund managers highlight several key factors contributing to this dynamic situation. 2024 Performance and Sector Variations Commercial property, as represented by the A-REIT 200 Index, outperformed the S&P/ASX...
Bulldogs Back Sexton: Strategic Shift Away from Cherry-Evans Signals Confidence in Future Leadership
Bulldogs coach Cameron Ciraldo has expressed confidence in Toby Sexton and the emerging young halves at Canterbury, following the decision not to pursue Daly Cherry-EvAns. Phil Gould confirmed the club’s strategy, emphasizing satisfaction with their current players. Sexton has impressed since joining midway through the 2023 season, notably performing well in recent matches while filling in for injured five-eighth Matt Burton. He kicked over 1,000 meters in a win against the Eels, showcasing his growing impact.
Ciraldo has highlighted Sexton’s dedication, stating he consistently remains the last to leave training, which underscores his commitment to improvement. With Sexton’s contract set to expire at the end of the season, discussions around his future are expected to intensify. However, Ciraldo insists that the focus remains on supporting Sexton’s development rather than contract negotiations.
As the Bulldogs prepare to face Cronulla, aiming for their first 4-0 start since 1993, Ciraldo is keen to harness the momentum built over the previous rounds. He acknowledges the challenge ahead against a strong Sharks team and emphasizes the importance of their performance this weekend to determine their progress. This situation demonstrates how nurturing talent and strategic planning are crucial in sports, akin to property professionals identifying and fostering emerging markets and talent in the real estate landscape.
Cost-of-Living Crunch: How Aussie Voters’ Hip Pockets Could Shape Property Policy
One in three Australians say the rising cost of living will influence their vote in the upcoming federal election, with housing affordability and escalating living expenses dominating concerns, according to new Finder research. The survey of over 1,000 Australians reveals that 33% have altered their voting intentions due to financial pressures, while another 26% remain undecided.
For property professionals, this signifies a crucial shift in the political landscape. With cost of living, including rent and mortgage repayments, cited as the top priority for three out of four voters, understanding the policies of different parties regarding housing, inflation, and financial relief is paramount. The research also indicates that one in five Australians are "extremely stressed" about their finances, highlighting the urgency of addressing these issues.
Finder's head of consumer research, Graham Cooke, emphasizes the need for government action to provide relief without fueling inflation. He suggests that individuals can proactively manage their finances by reviewing budgets, securing better mortgage deals, and optimizing essential expenses. These findings underscore the critical role of affordable housing and financial stability in shaping the upcoming election, directly impacting the Australian property market.
Fixing Strata Disputes: Tackling Bullying and Threats in Australian Properties
Inexperienced strata committees are vulnerable to manipulation, potentially hindering progress on critical building issues. Former NSW Strata Commissioner John Minns stresses the need for a shift in mindset within Australia's growing strata sector. Owners, he argues, must recognize their collective responsibility for building upkeep, moving beyond a focus on minimizing levies. He cites a case study of an 800-unit complex where a disgruntled minority derailed essential repairs, leading to bullying, threats, and misappropriation of funds. While the situation ultimately saw the community reclaim control and approve necessary works, it highlights the risks of uninformed and disengaged owners. Minns emphasizes the importance of proactive maintenance and intelligent investment, urging strata managers to provide strong advice, even if unpalatable, to empower owners to make informed decisions. This is crucial given the projected growth of strata living in Australia, demanding a proactive and informed approach to asset management for long-term value optimization. Professionals in the Australian property sector must heed this call, recognizing the growing significance of strata management and the need for effective owner engagement to safeguard property values and community well-being.
Federal Election 2025: How Australian Property Markets Could Be Impacted by Policy Changes
The federal election campaign is underway, with Prime Minister Anthony Albanese kicking things off in Brisbane. This Queensland focus is crucial for Labor, who currently hold a mere five out of 30 seats in the state. The Greens' strong 2022 showing in Brisbane, where they secured three seats, adds another layer of complexity to the electoral landscape. Labor aims to reclaim Griffith from the Greens while also targeting the Brisbane electorate. The Greens, led by Adam Bandt, will also be campaigning in Brisbane, highlighting the importance of this battleground state for property professionals to watch. With shifting demographics and younger voters less tied to traditional party loyalties, the battle for Queensland seats will likely be highly contested and unpredictable.
Unlocking Property Success: Expert Buyer’s Agent Strategies for Navigating Negotiations in a Competitive Australian Market
By APN National Perspective This information is for general guidance only and not financial advice. Introduction: The Landscape of Australian Property in 2025 In 2025, the Australian property market is thriving, showcasing an array of vibrant neighbourhoods and diverse opportunities. Whether you’re a first-time buyer, an experienced investor, or a seller contemplating your next move,...
Sydney Auction Frenzy: $44m Sale Smashes Reserve Amidst 60+ Bidders
Strong demand for inner-city land was evident at the recent auction of 18 vacant blocks in Haberfield, Sydney. The former Department of Defence lots at 140A Hawthorne Pde fetched a total of $44 million, exceeding reserves in many cases. Over 60 registered bidders competed for the prime real estate, highlighting the scarcity of vacant land close to the CBD. Lots ranged in size from 500sqm to 1044sqm, with an average sale price of $2.44 million. The highest price paid was $3.06 million for a 721sqm block. This auction demonstrates the significant buyer appetite and price premiums achievable for well-located development sites in Sydney's inner west, offering valuable insights for Australian property professionals.
Aussie Innovator’s US Life Science Play: Lessons for Property Down Under?
Australian property professionals should heed the lessons from the global life science sector, exemplified by Aussie Matt Callahan's success in Philadelphia. Callahan's story, while focused on innovation, underscores key drivers influencing demand for specific property types: skilled labour, research funding, proximity to universities, and government support.
The growth of life science hubs creates demand for specialised laboratories, commercial office space, and residential properties. In Australia, emerging hubs in Melbourne, Sydney, and Brisbane offer opportunities, requiring strategic property investment near universities, hospitals, and research institutions. Success hinges on understanding government incentives, adaptable property designs for specialised tenants, and the creation of appealing living environments to attract talent.
However, challenges exist. Competition for skilled workers is intense, and reliance on government funding can create uncertainty. A long-term investment horizon is crucial, given the prolonged research and development cycles. Property professionals must balance opportunities with cautious planning to avoid oversupply, and diversification remains key to mitigating risks. Monitoring the growth of the life science sector, both in Australia and internationally, is essential for identifying emerging opportunities and navigating the evolving property landscape.
2025 Federal Election: What it Means for Property
Generate a concise and informative excerpt (around 250 words) for the following article (Anthony Albanese has announced Australians will head to the polls on 3 May, kicking off a five-week campaign against Peter Dutton for the nation's top job.
With the cost of living crisis at the front of the minds of many Australians and the effects of the Reserve Bank's first interest rate cut in years yet to be fully felt, both major parties are entering the election campaign promoting policies they argue will alleviate financial strain without exacerbating inflation.
In the lead-up to the vote, here are all your questions answered.
When is the federal election?
Prime Minister Anthony Albanese has officially announced the date Australians will head to the polls as 3 May."Over the last few years, the world has thrown a lot at Australia," he said in a press conference outside Parliament House on Friday, 28 March."In uncertain times, we cannot decide the challenges that we face, but we can determine how we respond."Now on 3 May, you choose the way forward."
Parliament was dissolved on the same day and the government is now in caretaker mode.
How an election is called and what happens afterwards
Every three years, the Australian prime minister will call a federal election.Because there are no fixed terms or election dates, predicting when an election will be can turn into a guessing game.That means, generally, the prime minister will call an election at a time that's politically advantageous for them.
Elections are held on Saturdays, and candidates need to be given at least 33 days' notice of the poll, which this time will be held on 3 May.
How is a federal election called?
When the prime minister decides to call an election, a few steps need to happen.First, the prime minister needs to tell the representative of the King, the governor-general, that they wish to call an election.Then, the governor-general terminates the sitting parliament and dissolves the House of Representatives.Afterwards, the governor-general instructs the independent electoral body, the Australian Electoral Commission (AEC), to conduct an election, which includes setting dates for nominations, electoral rolls, and, of course, election day.
Then, the writs are issued.
Voting is compulsory in Australia, and to cast your vote, you must be registered on the electoral roll. Source: AAP
What are the key election dates?
The federal election will take place on 3 May, with polling booths open from 8am to 6pm. Voting locations are typically set up at local schools, church halls, or community centres.Voting is mandatory for all Australian citizens aged 18 and over.
Writs will be issued within 10 days of the parliament's dissolution, which took place on 28 March. Enrolment closes seven days after the writs are issued.
How can I enrol to vote?
To enrol to vote, you need to be 18 or older. If you've moved since 2022, remember to update your address as well.You can easily check your enrolment status and update your details online .Alternatively, you can enrol in person at your local AEC office or submit an . The AEC website also provides that may make enrolling more challenging.
How do I know if I'm registered to vote?
Voting is compulsory in Australia. To vote, you must be registered on the electoral roll. . If you're not enrolled, there's still time to do so.
The electoral roll will close seven days after the issue of writs, which must happen within 10 days of the parliament's dissolution.
Which electorate am I in?
To find out your electorate, simply enter your address on the .
When and where should I be voting?
Typically, a majority of Australians will head to a local polling place on election day (3 May) to cast their votes.However, this is not a requirement, as if you're unable to vote on election day itself, you're welcome to vote in person in the two weeks leading up to the election or via a postal vote.In fact, in the last federal election in 2022, half of the voters decided to cast their ballots like this,
You can find your local polling place on the AEC website.
How can I vote if I'm away on election day?
If you are not able to head to a polling place in your electorate — for example, if you are travelling or working — on 3 May, you still need to vote. Early voting centres will open across the country progressively from Tuesday, 22 April. Locations and addresses will become available closer to the early voting period. You may also be eligible to apply for a postal vote, which means your ballot papers will be sent to you in the mail. You can apply for a postal vote now .
There are a number of options for early voting ahead of the federal election. Source: AAP / Bianca De Marchi
If you are not going to be in Australia in the lead-up to the election, you may be able to vote in overseas voting centres, which are usually in Australian embassies, high commissions and consulates. You can find out more about overseas voting centres
The AEC also offers mobile voting in some locations to cater for people who cannot attend an in-person polling place. This can include people in residential aged care, hospitals, mental health facilities, prisons, homelessness services, and First Nations communities. Mobile voting schedules for the 2025 federal election have not yet been finalised.
What to know about Anthony Albanese, prime minister and Labor leader
As Prime Minister Anthony Albanese makes his case for a second term in office, here's everything you need to know about his life and political career.
Five quick facts about Anthony Albanese
1. He became prime minister in May 2022, as Australia started to emerge from the COVID-19 pandemic, ending almost a decade of Coalition government.2. Before securing the top job, he had been in parliament for over a quarter of a century, mostly as a member for the inner-western Sydney seat of Grayndler.3. Known widely as "Albo", the 61-year-old father-of-one has traditionally aligned himself with Labor's left; however, as prime minister, he has adopted more centrist positions, analysts say.4. He joined the Labor Party at age 16 and says his working-class roots have shaped his political values.
5. When taking office, Albanese said his government's areas of focus would be the cost of living, bolstering Indigenous rights, and tougher climate action.
Prime Minister Anthony Albanese has said Australians will go to the polls on 3 May. Source: AAP / Mick Tsikas
What have been some of Anthony Albanese's most challenging moments as PM?
Since taking office, Albanese has had to navigate a complex mix of domestic and international issues — including a cost of living crisis, a worldwide inflation surge, and the wars in Ukraine and Gaza.Early in his term, one of his most defining policies was to hold a referendum on whether or not to in Australia's constitution.After a divisive campaign, . The result devastated many Indigenous Australians, and hurt Albanese politically, some analysts argue.
Legislative setbacks, rising interest rates and living costs, as well as concerns over housing affordability, have impacted Albanese's government, while Labor says it has given cost of living relief through tax cuts, energy bill relief and an increase to paid parental leave.
What to know about Peter Dutton, the leader of the Opposition vying to be PM
Peter Dutton is seeking to defy almost 100 years of political history by defeating Prime Minister Anthony Albanese and unseating his first-term government. Here's a rundown of his life and career.
Peter Dutton became the Liberal leader in 2022.
Five quick facts about Peter Dutton
1. He has served as the leader of the Liberal Party since 2022 after it suffered its worst electoral loss since its formation in 1948.2. He has represented the Queensland seat of Dickson in the Australian House of Representatives since 2001.3. The 54-year-old has held several significant positions in successive Coalition governments, including stints as the Minister for Home Affairs, Health and Defence.4. A married father of three, Dutton was a police officer and businessman before entering politics.
5. He is known for his conservative views on issues such as national security, immigration, and law and order.
What did Peter Dutton do before he entered politics?
Before his time in Canberra, Dutton was a small business owner who also had a long career in law enforcement.
In 1988, he joined the Queensland Police Force (now Service) where he worked as an officer for several years before becoming a detective. He later studied at the Australian Federal Police College, and held positions in the National Crime Authority and Drug and Sex Offenders' Squads. He often credits his background in policing as playing a critical role in shaping his views on issues such as security and immigration.
What to know about Adam Bandt, the leader of the Australian Greens
Adam Bandt has framed the upcoming election as a choice between progressive policies that make people's lives better, or a US-style shift to the right.
Adam Bandt has been leader of the Australian Greens since 2020. Source: SBS News
Five quick facts about Adam Bandt
1. Bandt has been the leader of the Australian Greens since 2020 and a member of parliament since 2010.2. He was the first Greens candidate to win a seat in a general election for the House of Representatives.3. The 52-year-old has framed the upcoming election as an opportunity for the Greens to win "new seats across the country" and potentially play a pivotal role in a minority government.4. During his time at university, he was a member of the Left Alliance, a national organisation of socialist, feminist, and progressive students.
5. Under his leadership, the Greens have come up with what they refer to as a series of "Robin Hood-style" policies to take to the election, which would tax the super-rich to free up money for the cost of living issues.
What did Adam Bandt do before he entered politics?
Bandt was born in Adelaide but spent most of his childhood in Perth. After working with a string of student unions both before and after earning his degree in Law and Arts at Murdoch University, .
He eventually became a partner at the firm Slater & Gordon, where he specialised in industrial law and represented several unions. After going part-time in 2008, he completed a PhD at Monash University.
What to know about David Littleproud, leader of the National Party
If Peter Dutton becomes Australia's next prime minister, David Littleproud would be in the running to become his deputy. Here's a basic rundown of the National Party leader's life and career.
David Littleproud was elected to lead the National Party in May 2022.
Five quick facts about David Littleproud
1. He was elected to lead the National Party in May 2022, after Labor's win, succeeding Barnaby Joyce.2. He has represented the Queensland seat of Maranoa in the House of Representatives since 2016.3. Throughout his career, Littleproud has been an advocate for regional Australian communities, often stressing the importance of agriculture, and calling for more infrastructure development.4. A father of three, Littleproud worked as a farm manager and businessman before he became an elected official.
5. He was born and raised in the rural town of Chinchilla, in Queensland's Western Downs Region.
What did David Littleproud do before he entered politics?
Before entering office in 2016, Littleproud worked as an agribusiness banker with the National Australia Bank (NAB) and Suncorp, where he focused on rural and agricultural finance.
He lived and worked in several rural towns, including Miles, Nanango, Charleville, St George, Stanthorpe and Warwick.
What are Labor's key policies?
Labor has pledged tax cuts if they win the election, with the average earner getting $268 back in their pocket by 2026, according to the treasurer.Earnings between $18,201 and $45,000 are currently taxed at 16 per cent, and this will fall to 15 per cent in 2026-27 and 14 per cent in 2027-28, Labor said.The party has also pledged to increase access to childcare and a $1 billion fund for 160 new childcare centres.
Labor also said they would spend $8.5 billion on increasing bulk-billing rates at GPs, and an extension of the energy rebate until the end of 2025 which will save households $150.
The Coalition has agreed to both of these policies.
What are the Coalition's key policies?
The Coalition said there would be no promise of income tax cuts, but that fuel excise would be cut in half from July. This would mean savings of 25 cents per litre, Opposition leader Peter Dutton said.People would be allowed to use more of their superannuation towards a house deposit, and the Coalition said it would invest $5 billion into essential infrastructure to "unlock up to 500,000 new homes".The party would restore the number of mental health sessions subsidised by Medicare from 10 to 20.
It said it would allow businesses with a turnover of less than $10 million a year to claim a tax deduction of up to $20,000 for business-related meal and entertainment expenses and increase the instant asset write-off for small and medium businesses from $20,000 to $30,000.
). Highlight the key points and make it relevant to Australian property professionals. IMPORTANT: Your response must begin *directly* with the first word of the excerpt. Do *not* include any introductory phrases, greetings, or repeat any part of these instructions (e.g., "Generate a concise..."). Output ONLY the excerpt text.
Agent as Counsellor: A Comprehensive Guide for Australian Homeowners Approaching Retirement — Discover the Process and Benefits of Downsizing for a Simpler, More Fulfilling Lifestyle
For many Australians, retirement signifies a significant transition, often accompanied by complex decisions about housing, particularly downsizing. This emotional journey is bittersweet, filled with nostalgia and anxiety, as homeowners move from homes rich with memories to smaller, more manageable spaces. Property professionals are not just transaction facilitators but also trusted guides who can empathize with clients’ motivations for downsizing, which may include financial benefits, reduced home maintenance, or enhanced community living.
Understanding the emotional landscape is crucial; clients often face the challenge of sorting through belongings and reconciling what they leave behind. Offering support through sorting sessions, facilitating estate sales, and encouraging the retention of meaningful mementoes can greatly alleviate the strain of this process.
The benefits of downsizing—financial freedom, simplified living, and a newfound sense of community—can far surpass initial discomfort. However, it’s essential to navigate potential challenges, such as attachment to the family home and fear of change. Encouraging clients to envisage the advantages of their new lifestyle can pave the way for a smoother transition.
As property professionals, the role encompasses providing market insights, connecting clients with necessary resources, and offering emotional support. By fostering a deeper understanding of this phase, agents can help clients embrace retirement as an exciting opportunity rather than merely a logistical move. Ultimately, this partnership can enhance the experience of life after retirement, ensuring that memories endure even as homes change.
Property Pulse: Budget Buzz, Perth Heat & Election Watch for Building Pros
Property Pulse: Budget Buzz, Perth Heat & Election Watch for Australian Building Pros
The Federal Budget's indirect impacts on the construction industry are under scrutiny. Tax cuts aimed at easing cost-of-living may stimulate housing demand, whereas proposed rollbacks of these and fuel excise cuts by the Opposition could increase material costs and create project costing uncertainty. Australian property professionals should pay close attention to infrastructure spending commitments, vital for job creation.
Perth's recent heatwave highlights the necessity of climate-resilient building design. Prioritising worker safety, incorporating passive design, and selecting materials to mitigate the urban heat island effect are becoming increasingly vital, especially with rising energy costs.
The upcoming Federal election introduces market uncertainty. Potential changes to the First Home Owner Grant, environmental regulations, and infrastructure investment could significantly impact the building sector. Builders, developers, and investors should analyse party policies on housing, climate change, and infrastructure to understand potential impacts on future projects.
Finally, recent farmer protests related to live sheep export are a reminder of potential supply chain vulnerabilities. Geopolitical factors and policy changes can disrupt the flow of construction materials. Diversifying supply sources and proactive risk management are crucial for Australian construction businesses to maintain project schedules and budgets.
Colorado Builds Aussie-First 3D Printed Homes: Lessons for Down Under?
A US initiative involving Alquist 3D and the State of Colorado to establish a 3D printed housing hub offers valuable insights for the Australian property sector. The $4 million public-private partnership aims to develop skills, materials, and showcase projects for 3D construction.
This model potentially addresses key challenges in Australia, including escalating costs, labour shortages, and housing affordability. 3D printing could reduce reliance on traditional labour and potentially fast-track projects, especially in remote areas. It presents opportunity for more eco-friendly builds with less waste. The article highlights design flexibility to cater to unique community demands.
However, Australian property professionals should be aware of hurdles. Regulatory frameworks need to adapt to 3D printed construction, and the industry must invest in training to facilitate workforce transition. Material limitations specific to Australian conditions and high start-up costs also need consideration. Community acceptance of this new build aesthetic is important.
While not a silver bullet, 3D printing can revolutionize construction efficiency and addresses housing issues. To capitalise on this opportunity, Australia needs collaborative efforts between government, industry, and educational institutions to develop standards, invest in R&D, and provide adoption incentives. The Alquist 3D project serves as a blueprint for Australia to foster innovation and build a more sustainable future by integrating this new tech into the property development landscape.
Bridging the Gap: How Technological Advancements and the Future of Work are Shaping Inequality in Australia’s Property Market
Bridging the Gap: How Technological Advancements and the Future of Work are Shaping Inequality in Australia’s Property Market By: APN Economic Analyst Introduction The intersection of technological advancements and the future of work is reshaping economies globally, and Australia is no exception. This article aims to dissect how these changes influence inequalities within Australia’s property...
Discovering Aldinga Beach: A Local’s Guide to South Australia’s Hidden Coastal Gem
Welcome to the Neighbourhood Aldinga Beach, located just 45 minutes south of Adelaide, is a true hidden gem of South Australia’s coastline. With its stunning beaches, vibrant community, and rich history, this charming suburb has become a favoured spot for families, retirees, and investors alike. Known for its friendly locals and laid-back lifestyle, Aldinga Beach...
Oz Property Boom: Smoke and Mirrors or Solid Gold?
Australia's residential housing stock reached a record $11 trillion at the end of 2024, with the average dwelling valued at nearly $980,000, creating a nation of "paper millionaires." This contributes to Australia's high ranking in global wealth surveys, according to recent ABS data, which reveals total household wealth at $16.95 trillion, a 6.6% increase year-on-year. Per capita household net wealth hit a record high of $617,643.
However, this wealth is largely tied up in illiquid assets like property and superannuation, leaving many Australians "cash-poor." Finder's research indicates that the majority of household net worth is "untouchable," invested in these areas.
The author argues that this inflated housing wealth is a mirage, exacerbating affordability issues for younger generations. They propose that Australians would be better off with lower average home values and reduced household debt. The current system, with homes costing significantly more, disadvantages future generations, diverting capital from productive businesses and representing a gross misallocation of resources. For property professionals, this highlights the growing tension between asset value and affordability, posing challenges for sustainable market growth and equitable access to housing.
Coalition’s Public Sector Cuts: What it Means for Property
For Australian property professionals, the upcoming federal election presents a critical juncture. The Coalition, under Peter Dutton, has pledged to cut 41,000 public sector jobs, a move with potential ramifications for the Canberra property market, given the concentration of public servants in the ACT. While details remain scarce, this proposed reduction raises questions about future office space demand and potential impacts on rental and property values within the capital. Furthermore, the Coalition's gas reservation policy, aimed at lowering energy costs by prioritizing domestic supply, could influence the operating expenses of commercial properties. Property professionals should monitor these policy developments closely, as they could significantly reshape the Australian property landscape.
Navigating the Future: The Policy Environment’s Role in Shaping Australia’s Property Market Amidst Technological Advancements in the Workforce
Navigating the intricate dynamics of Australia's property market demands a keen understanding of the evolving workforce shaped by technology. As automation and remote work gains traction, forecasts suggest that by 2030, up to 15% of Australians may need to change occupations. This shift brings uncertainty for workers like construction professionals while also creating opportunities for others, such as individuals pivoting to tech careers through community support.
The rise of remote work is altering housing demand, shifting preferences from urban centers to suburban and regional locations, as families seek more space and affordability. This trend carries significant implications for property professionals, who must adapt to changing market dynamics and buyer preferences. Urban planners highlight the necessity for policies that support these transitions, addressing housing affordability and infrastructure challenges in emerging communities.
Collaboration among local authorities, property developers, and community organizations is crucial. Initiatives like training programs, tech education investments, and affordable housing projects are becoming essential for maintaining resilience in the property sector. Property professionals should engage in community education, support local development initiatives, and advocate for adaptive policies that reflect these shifts.
Ultimately, embracing this transformative era requires property professionals to recognize the interconnectedness of workforce changes and housing trends, fostering resilience and innovation in a rapidly evolving market. By empowering communities and adapting to new realities, professionals can navigate the future with optimism and strategic foresight.
Property News: Staying Informed in Today’s Market Through The Australian
Property News: Staying Informed in Today’s Market Through The Australian Staying current with the latest market trends and economic developments is crucial for property professionals in Australia. A key element in that process is access to reliable and comprehensive information sources. This article explores aspects of keeping up-to-date in the current Australian market, acknowledging the...
Balancing the Books: The Crucial Role of Central Banks and Monetary Policy in Shaping Australia’s Economic Landscape
By: APN Economic Analyst Introduction In an era of economic uncertainty and rapid change, understanding the dynamics of monetary policy and the role of central banks has become paramount for property professionals in Australia. The Reserve Bank of Australia (RBA), as the nation’s central bank, plays a crucial role in shaping economic conditions that directly...
Prefab Housing: A Real Solution for the Aussie Housing Crunch?
Australian property professionals take note: Prefabricated housing offers a potential solution to the nation's housing shortage. While traditional builds face escalating delays and costs, factory-built homes offer significantly faster completion times (10-12 weeks vs. 12+ months) in controlled environments. Financing has been a major hurdle, but Commonwealth Bank's recent partnership with prefabAUS is changing the landscape. New standard-form contracts allow for earlier progress payments, reducing upfront costs for buyers. Overcoming perceived quality concerns and outdated lending practices are crucial for wider adoption. With government backing and industry advancements, prefab construction presents a viable opportunity for property professionals seeking efficient and timely project delivery.
Realmark’s Investment-Focused Approach: Insights for Australian Property Managers
Realmark’s Investment-Focused Approach: Insights for Australian Property Managers Realmark, a prominent property management firm in Western Australia (WA), has highlighted a strategic emphasis on understanding the investment motivations behind property transactions. This approach, focusing on cultivating a team capable of deeply understanding investor needs, is intended to yield improved outcomes for clients. Investment Considerations in...
Federal Election: What a May Vote Means for Property
Australian Federal Election Called for May 3rd: Implications for Property Professionals
A federal election has been called for May 3rd, with the incumbent Labor government seeking re-election amidst a tight race against the Liberal-National coalition. Key election issues impacting the property sector include cost-of-living pressures, despite recent tax cuts and an interest rate reduction, and rising US tariffs. The outcome of the election could significantly influence future economic policy, impacting market stability, investment and development. Property professionals should closely monitor the campaign and its potential impact on interest rates, inflation, and international trade, particularly concerning building materials affected by US tariffs. The election's outcome could significantly influence the Australian property market's trajectory in the coming years.
Radley’s Bondi Buy: What NRL Star’s Purchase Means for Local Market
One of the NRL's toughest players, Roosters star Victor Radley, is making savvy moves off the field, hinting at a future beyond football. The 27-year-old recently purchased a two-bedroom Art Deco apartment in North Bondi for $1.26 million, undercutting the suburb's median price for similar properties. Located at 3/38 Ramsgate Ave, the 64 sqm "chic garden retreat" boasts a modern gas kitchen, European appliances, and is just steps from the iconic beach, with neighbors including Hugh Jackman.
Radley wasted no time listing the property for rent at $1100 per week, a significant increase from the previous rental rate. This latest acquisition follows Radley's previous successful property ventures in Bondi, showcasing his eye for investment. He bought his first home in 2018 for $1.2m and sold it in 2021 for $1.97m. He then purchased and renovated a Waverley house. As Radley juggles his NRL career with burgeoning property interests, his Bondi investment signals a strategic play for long-term financial security, relevant for property professionals assessing athlete investments and North Bondi's rental market.
Hardie’s US Expansion: Aussie Investors Unconvinced?
James Hardie shares (ASX: JHX) plummeted after announcing a deal to acquire Azek, a maker of outdoor building products like decking. The deal, a mix of cash and shares, aims to capitalize on cross-selling opportunities; James Hardie, known for its fibre-cement siding, believes over half of homeowners re-siding their homes also renovate outdoor areas. The company projects an extra $500 million in revenue by 2030.
Despite the perceived strategic fit, the market reacted negatively, with shares losing around 25% of their value. Concerns center around the price paid for Azek and the potential for its business to be more cyclical than James Hardie's core siding market – potentially delaying property renovation in a downturn.
Morningstar analyst Esther Holloway believes the market reaction is overdone, seeing potential for expanding Azek's products into new European and Asia-Pacific markets where James Hardie has a presence and identifying cost-saving synergies. She reiterates her long-term Fair Value estimate for James Hardie shares, suggesting the sell-off presents a buying opportunity. Of particular interest to Australian property professionals should be the fact that James Hardie holds a 90% market share within the US for their fibre-cement products.
Brisbane 2032 Plan: Investment Implications for Property
Brisbane 2032 Plan: Investment Implications for Property The Queensland Government has released the “Delivering 2032 and Beyond Plan,” outlining its vision for the Brisbane 2032 Olympic and Paralympic Games infrastructure and venues. Building on the Games Independent Infrastructure and Coordination Authority’s (GIICA) review, the plan details key infrastructure projects and their projected impacts. Key Infrastructure...
SA Resources Boom Fuels Property Market Growth
South Australia's resources sector is booming, offering significant opportunities for property professionals. A new report by SACOME reveals a 61% surge in economic contribution over five years, injecting $9.5 billion into the state economy in 2023-24. This equates to 6.4% of SA's Gross State Product, with the sector creating one in every 15 dollars. Direct employment has skyrocketed by 86% to almost 12,000 full-time roles, supporting one in 23 jobs statewide. Average salaries in the sector reach $140,780, significantly higher than the state average, driving increased demand for housing and related services. With $4.8 billion spent on local goods and services, the flow-on effects for businesses and property markets are substantial, making SA's resources sector a key area to watch for property professionals.
Australian Federal Election 2025: Impact on Property Market and Planning Regulations
Generate a concise and informative excerpt (around 150 words) for the following article, highlighting the key points and making it relevant to Australian property professionals:
SYDNEY - Australia’s Prime Minister Anthony Albanese on March 28 called a national election for May 3, launching a five-week campaign that is set to be dominated by cost-of-living pressures.
Mr Albanese’s Labor party won a majority at the last federal election in 2022, but most recent opinion polls show the party neck-and-neck with the opposition Liberal-National coalition when votes from smaller parties are redistributed.
“Our government has chosen to face global challenges the Australian way - helping people under cost-of-living pressure, while building for the future,” he told a press conference. “Because of the strength and resilience that our people have shown, Australia is turning the corner. Now on 3 May, you choose the way forward.”
Mr Albanese earlier in the morning met the country’s Governor-General Sam Mostyn to seek permission to call a nationwide federal election.
Under Australia’s constitution the prime minister must formally seek permission to call an election from the governor-general, who represents the head of state, Britain’s King Charles.
Three-year term limits mean Australia must go to the polls by May 17 at the latest to elect a new parliament.
Tight campaign
Mr Albanese has announced a slew of measures aimed at pleasing families and businesses in recent months, including tax cuts in March 25’s budget, with the rising cost of living in the country set to dominate the campaign.
A close-run election could mean no single party or coalition of parties will be able to form a government on its own, instead relying on smaller parties to command a majority in the country's lower house.
Mr Albanese, a long-time Labor lawmaker who grew up in government housing, came to power on a wave of personal popularity, but has suffered from the rising cost of living and a steep rise in interest rates during his tenure.
Falling inflation and the decision by Australia’s central bank to cut interest rates for the first time in five years at its February meeting have done little to help Albanese’s polling numbers.
After enjoying a healthy lead for much of his term, his personal approval ratings are now close to those of Liberal leader Peter Dutton, a former police officer and the interior minister in the last Liberal-National government.
Mr Dutton has campaigned on law-and-order and a plan to adopt nuclear power in the country, in opposition to Labor's transition to renewable energy.
Both leaders have promised an extra A$8.5 billion (S$7.17 billion) over four years to shore up the country’s public healthcare system. REUTERS
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Trade War Threat: How US Car Tariffs Could Hit Aussie Property
Generate a concise and informative excerpt (around 250 words) for the following article (
Canadian Prime Minister Mark Carney says he will respond with unspecified trade actions if US President Donald Trump goes ahead with more tariffs that have expanded a global trade war.
Carney said he had not yet determined what actions Canada might take if Trump follows through with his plan to impose new 25 per cent levies on cars and light trucks imported to the US.
He said he would respond next week, when the auto tariffs and a separate set of reciprocal tariffs on US trading partners are due to take effect.
“We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada,” Carney said on Thursday (local time).
The tariffs could add thousands of dollars to the cost of an average vehicle in the US, contradicting Trump’s campaign promise to lower consumer prices.
After Trump revealed his plan for tariffs on imported vehicles, Ferrari announced price hikes of up to 10 per cent for cars sold in the US. Other car makers have warned they might follow, while dealers have raised fears of job losses.
The S&P 500 ended lower on Thursday, with auto stocks falling. General Motors tumbled over 7 per cent and Ford slid 3.9 per cent. Car parts manufacturers Aptiv and BorgWarner each lost about 5 per cent.
Tesla edged up 0.4 per cent, with investors betting the electric vehicle maker will be hurt less by tariffs because of its largely domestic production.
The tariffs are a sucker punch for some of the US’s most important allies and will come atop other trade penalties Trump has already imposed. Mexico, Japan, South Korea, Canada and Germany are the biggest suppliers of automotive imports to the US that were worth $US474 billion ($A752 billion) in 2024.
Carney said Canada would transform its economy to become less dependent on its southern neighbour, which has long been a close ally and important trading partner.
“We will need to reduce our reliance on the United States,” he said.
That may prove difficult. Vehicles are the second-largest Canadian export by value at $US51 billion in 2023 – of which 93 per cent went to the US.
With billions of euros wiped from German auto shares on Thursday, officials in Europe’s biggest economy have also called for a tough response.
“The US has chosen a path at whose end lie only losers, since tariffs and isolation hurt prosperity for everyone,” outgoing German Chancellor Olaf Scholz said.
In neighbouring France, Finance Minister Eric Lombard called Trump’s plan “very bad news,” and said the only solution was for the EU to raise its tariffs.
Britain, which has struggled to expand its economy, was scrambling to secure an exemption. But it has also threatened to review subsidies for Tesla, which is headed by top Trump adviser Elon Musk.
The company, whose sales have plunged this year amid increased competition and a political backlash, is less exposed to Trump’s tariffs than its rivals, but Musk said on X that the impact was “still significant”.
Sources said the Trump administration had also paused contributions to the World Trade Organisation, further hobbling the global trade watchdog, as it yanks support for international institutions it sees at odds with its “America First” agenda.
China’s foreign ministry said the US approach undermined the multilateral trade system and was “not conducive to solving its own problems”.
With shares falling, Japanese Prime Minister Shigeru Ishiba said Tokyo will put “all options on the table” and South Korea said it would put in place an emergency response by April.
Trump considers tariffs a tool to raise revenue to offset his promised tax cuts and to revive a long-declining US industrial base.
Many trade experts, however, expect prices to initially rise and demand to fall, hurting a global auto industry that is already reeling from uncertainty caused by Trump’s rapid-fire tariff threats and occasional reversals.
Trump said he might hit the EU and Canada with larger tariffs if they teamed up to retaliate.
-AAP
). Highlight the key points and make it relevant to Australian property professionals. IMPORTANT: Your response must begin *directly* with the first word of the excerpt. Do *not* include any introductory phrases, greetings, or repeat any part of these instructions (e.g., "Generate a concise..."). Output ONLY the excerpt text.