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Friday March 28, 2025Friday March 28, 2025Analysis, Community Initiatives, Insurance, Local, National, Perspective, Property, Urban Renewal

Bike Fatality Raises Questions for Property Investors Amidst Rising Crime Concerns

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Sydney Incident Highlights Crime Concerns for Property Market

A recent fatal incident in Waterloo, Sydney, involving an e-bike rider and a police vehicle, has raised concerns for Australian property professionals about the potential impact of crime on the local property market. The discovery of drugs and cash at the scene has fueled existing anxieties surrounding rising crime rates in gentrifying inner-city areas.

For property investors and agents in Waterloo and similar locations, this incident underscores the need to be aware of, and address, perceptions of safety. While the incident itself is under investigation, increased crime, whether perceived or actual, can lead to reduced buyer demand, higher insurance premiums, and lower rental yields.

The article emphasizes the importance of a balanced perspective, highlighting the positive aspects of the area, such as its proximity to the CBD and ongoing urban renewal. Professionals should leverage factual crime statistics from the NSW Bureau of Crime Statistics and Research (BOCSAR) and be aware of local government initiatives aimed at improving safety.

Finally, the article reminds agents of their legal and ethical duty of disclosure, advising consultation with legal counsel to ensure compliance with obligations regarding material facts relevant to property purchases. Staying informed, transparent, and data-driven is crucial for navigating these complex issues and providing valuable service to clients.

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Friday March 28, 2025Friday March 28, 2025Consumer Protection, Contracts, Due Diligence, Employment, Insurance, Maintenance, Office, Planning, Property, Property Prices, State

2025 Social Security Payment Dates: What Aussie Homeowners Need to Know

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Social Security payments are a hot topic, even for Australian property professionals. Why? Understanding US economic trends, particularly those impacting retirees and the disabled, can provide insights into global market shifts. The US Social Security Administration is undergoing significant changes, including job and office cuts, amidst federal spending constraints. These changes, coupled with increased scrutiny for fraud and proposed payment alterations, create uncertainty for millions of beneficiaries. While not directly impacting Australian property, these events highlight the importance of stable retirement systems and their potential influence on international markets. For example, changes in US Social Security could impact US investment in Australian property, particularly if retirees' financial security is threatened. Knowing the April payment schedule—second Wednesday for birthdays 1st-10th, third for 11th-20th, and fourth for 21st-31st—and the additional Supplemental Security Income payment dates can offer a glimpse into US consumer confidence and potential spending power. This article emphasizes the valuable practice of staying informed about global economic trends, even those seemingly unrelated to the Australian property market, as they can indirectly impact investment behaviors and market dynamics.

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Friday March 28, 2025Friday March 28, 2025Analysis, Decline, Employment, Geelong, Growth, Infrastructure, Insurance, Local, Maintenance, National, Perspective, Planning, Property, Victoria

Avalon Airshow Crash: Property Values Take a Dive? Analysing the Impact

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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.

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Friday March 28, 2025Friday March 28, 2025Decline, Economic Factors, Global, Insurance, Interest Rates, Loans, Local, Perspective, Property, Property Finance, Property Prices, State

SoFi Shares Dip: Aussie Property Sector Unfazed… For Now?

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While SoFi's recent share price dip on Wall Street might seem distant, Australian property professionals should heed the underlying causes as potential indicators of future market pressures. Concerns about US economic uncertainty, fuelled by proposed tariffs, weaker consumer spending, and a cautious Federal Reserve outlook, are impacting global investor sentiment.

Although the ASX operates independently, a prolonged US downturn could dampen enthusiasm for local financial services, including property finance providers. Crucially, many Australian non-bank lenders rely on overseas funding. Global market jitters can increase their borrowing costs, potentially translating to higher interest rates for Australian borrowers.

Furthermore, a significant global economic slowdown would inevitably impact Australia, potentially affecting consumer confidence and housing demand. While FinTech lenders offer alternative funding options, they are often more vulnerable to funding volatility. Therefore, issues affecting FinTech lenders globally, like the factors impacting SoFi, could reduce available credit and increase borrowing costs in Australia.

Despite current market stabilisation, affordability remains a key concern. Property professionals should remain vigilant, closely monitoring global financial developments and assessing their potential impact on the local market. Diversification of funding and robust risk management are crucial, while acknowledging that local economic factors predominantly influence the Australian property market and are not always linked to international events.

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Friday March 28, 2025Friday March 28, 2025Forecasts, House, Infrastructure, Insurance, Local, Planning, Property, Property Prices, Queensland, Regional, State

Qld Floods: Outback Evacuations Highlight Infrastructure Resilience for Property Sector

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Severe flooding in Outback Queensland is impacting numerous communities, with Jundah and Windorah particularly affected. Emergency services are airlifting residents to safety as floodwaters threaten a third of the state. The Thomson River has reached unprecedented levels, causing widespread damage to infrastructure, including roads, and posing a significant threat to livestock.

This event highlights the vulnerability of regional property and infrastructure to extreme weather. For Australian property professionals, understanding flood risks, implementing robust due diligence processes, and advising clients on appropriate insurance and mitigation strategies are now more critical than ever, especially when dealing with rural and remote Queensland. The focus now shifts to assessing the long-term economic and property value impacts of this disaster.

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Friday March 28, 2025Friday March 28, 2025Analysis, Due Diligence, Feasibility Studies, House, Infrastructure, Insurance, Land, Local, Maintenance, Planning, Planning Regulations, Property, Property Management, Residential, State, Western Australia, Zoning, Zoning Regulations

Battle-axe or Side-by-Side: Choosing Your Dual Occupancy Development Down Under

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Dual occupancy development is a growing trend in the Australian property market, offering opportunities for homeowners and investors to maximise land use. For Australian property professionals, understanding the nuances between battle-axe (house-behind-house) and side-by-side configurations is paramount. Battle-axe developments, cost-effective due to retaining the existing dwelling, are ideal for deep blocks and privacy-focused clients, though shared access and perceived lower value can be drawbacks. Side-by-side subdivisions, requiring wider blocks and potentially higher initial investment including demolition, maximise property value through coveted street frontage and broader market appeal, simplifying access and services.

For agents, highlighting battle-axe privacy and affordability versus side-by-side's enhanced value proposition is key. Developers must weigh cost savings and block suitability against market demand for street frontage. Property managers need to consider the implications of shared driveways in battle-axe setups. The strategic choice between the two hinges on aligning client goals – cost sensitivity and privacy versus value maximization – with site characteristics and market conditions. Mastering these distinctions ensures informed decision-making and success in Australia's expanding dual occupancy landscape.

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Friday March 28, 2025Friday March 28, 2025Analysis, Economic Factors, Global, Government Policies, Housing Policy, Inflation, Infrastructure, Insurance, Interest Rates, Local, Mortgages, Property, Residential, Retail

Liberal Budget: Property Market Implications

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Liberal Budget: Property Market Implications The recent Liberal Party budget in reply has outlined various economic proposals, some of which hold significant implications for the Australian property market. The speech highlighted concerns about the cost-of-living crisis and the government’s economic performance over the past three years. Specific issues raised include escalating costs for energy, groceries,...

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Friday March 28, 2025Friday March 28, 2025Analysis, Dispute Resolution, Insurance, National, Property, Queensland, State

Building Regulations Update: Tranche 2 Impacts on Development

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Building Regulations Update: Tranche 2 Impacts on Development The Queensland government has released Tranche 2 of its building legislative reforms, aiming to streamline processes, reduce administrative burdens, and modernise the state’s construction industry. These changes are aimed at facilitating the building industry while addressing issues of compliance and financial obligations. Key Changes in Tranche 2...

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Friday March 28, 2025Friday March 28, 2025Analysis, Employment, Insurance, Local, National, Property

Job Loss Resilience: Maintaining Property Stability in Uncertain Times

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Job loss, whether due to economic downturn or natural disaster, significantly impacts individuals and communities. For Australian property professionals, understanding these impacts is crucial. The emotional toll of unemployment, encompassing grief, anxiety, and depression, can affect clients facing financial hardship due to property devaluation or mortgage stress. This article highlights the psychological distress linked to job insecurity and offers coping strategies. Property professionals can leverage this knowledge to approach clients with empathy, offering resources and support beyond financial advice. Recognising the human element of economic hardship can foster stronger client relationships and contribute to positive outcomes during challenging times. The "TEAR" and "grief wheel" models of grief discussed offer valuable frameworks for understanding client experiences.

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Friday March 28, 2025Friday March 28, 2025Analysis, Due Diligence, Forecasts, Growth, Inflation, Insurance, Interest Rates, Local, Maintenance, Market Reports, Planning, Property, Property Prices, Rural, South, South Australia, Sustainability

Pelican Point Eco Retreat: Luxury Coastal Investment with Airbnb Potential

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Attention Australian Property Professionals: A unique luxury property at 193 Pelican Point Rd, Pelican Point, SA offers significant investment potential. Boasting ocean and rural views, this four-year-old home features sustainable living with a large solar system and rainwater tanks, lowering running costs. An additional dwelling approved for short-term rentals (Airbnb) presents an immediate income stream opportunity. Situated on over 31 hectares, the property includes a large shed with a one-bedroom granny flat, catering to diverse buyer needs. Key features include a 12m indoor pool, hydronic underfloor heating, and ample space for self-sufficiency with a veggie garden and livestock potential. Expected to exceed $3 million, offers close April 23rd. Contact Gail Richards at Key 2 Sale for more information. This exceptional property represents a rare combination of luxury, sustainability, and income potential.

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Thursday March 27, 2025Thursday March 27, 2025Affordable Housing, Affordable Housing, Building Codes, Global, Growth, Infrastructure, Insurance, Local, Modular Construction, Modular Construction, National, Planning, Planning Regulations, Project Management, Property, Quality Control, Regional, Specialised, Sustainability, Traditional Construction, Training

Modular Housing: National Drive to Boost Aussie Housing Supply

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Australian property professionals should take note of a strong call from NAB executive Cathryn Carver for a national drive towards modular housing to combat Australia's intensifying housing crisis. Speaking at the Impact Investment Summit, Carver highlighted the urgency of addressing housing affordability, exacerbated by constrained supply and population growth. She positions modular construction as a vital solution, offering faster build times, reduced waste, and improved quality compared to traditional methods.

However, systemic barriers hinder widespread adoption, including inconsistent planning regulations, skills shortages in modular manufacturing, and financing hurdles. Carver urges coordinated action from government, industry, and finance to overcome these obstacles. Key recommendations include supply chain reform, financial innovation tailored to modular projects, and policy alignment, particularly leveraging the Housing Australia Future Fund.

For developers, modular offers speed and cost control. Real estate agents and property managers must understand and market modular homes effectively, highlighting their speed and quality. Investors should explore opportunities in modular manufacturing and developments. Carver's message underscores a growing consensus that innovative approaches like modular housing are crucial for resolving Australia's housing challenges, presenting both opportunities and strategic considerations for property professionals across the sector.

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Thursday March 27, 2025Thursday March 27, 2025Agricultural, Global, Insurance, Land, Lifestyle Properties, Local, National, New South Wales, Perspective, Property, Queensland, Regional, Rural, South

Supermarket Salad Recall: Supply Chain Woes Sprout Property Risks?

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A widespread recall of pre-packaged salads across major Australian supermarkets (Coles, Woolworths, Aldi, IGA, Drakes) due to potential E. coli contamination might seem unrelated to property, but highlights supply chain vulnerabilities potentially impacting development timelines and consumer confidence. While focused on food, the incident reflects broader risks for the construction industry, heavily reliant on global supply chains. Disruptions can cause delays and price increases for key materials like steel and timber, squeezing developer margins and potentially affecting project viability.

Repeated instances of supply chain issues, even outside property, can erode consumer confidence, impacting investment. Rural property and agricultural regions could be indirectly affected, influencing local economies and property markets. Increased supply chain risks could also lead to higher insurance premiums for developers and property owners.

Australian property professionals should be aware of these potential risks and consider strategies to mitigate them. This may include diversifying supply chains, building contingency plans for potential delays, and managing client expectations in uncertain times. While the Australian economy and property market have proven resilient, proactive risk management is crucial for navigating potential economic headwinds. This recall, while seemingly isolated to the food industry, serves as a reminder of the interconnectedness of the global economy and the potential for unexpected events to impact seemingly unrelated sectors.

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Thursday March 27, 2025Thursday March 27, 2025Affordable Housing, Affordable Housing, Analysis, Decline, Due Diligence, Feasibility Studies, Forecasts, Growth, Inflation, Infrastructure, Insurance, Interest Rates, Investment Strategies, Local, Maintenance, Planning, Property, Regional, State, Victoria

Australian Property Market Update: Migration, Cost of Living, and Policy Impact Analysis 2025

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Amidst spirited political exchanges, including Greens MP Stephen Bates labelling Opposition Leader Peter Dutton a 'Temu Trump' (a comment now entered into Hansard), key economic and infrastructure discussions unfolded with relevance for property professionals. Prime Minister Albanese maintained any US president is welcome, anticipating a Quad meeting host role. Debate surged over cost-of-living measures, particularly the Coalition's proposed fuel excise cut. Barnaby Joyce argued it was an 'efficacious' way to help households, countered by Labor's Anne Aly referencing past Coalition opposition. The Greens ('bribe') and Senator David Pocock ('short-term tinkering') criticised the cut, advocating steadier relief through electrification. Treasurer Jim Chalmers addressed migration, confirming net overseas migration forecasts are higher than expected at 345,000 for 2024-25, driven mainly by fewer residents departing. He affirmed government efforts to reduce migration numbers, impacting housing demand dynamics. Crucially for infrastructure and development, Infrastructure Australia's David Tucker stated the Victorian government has withheld updated cost details for the Suburban Rail Loop since 2020, despite requests and project changes. This lack of transparency follows IA's warning against further federal funding without clarity on costs and the state's funding model, significant for major project pipelines and associated property markets.

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Thursday March 27, 2025Thursday March 27, 2025Analysis, Insurance, Lease Agreements, Negotiation, Property, South, South Australia, Training

One-Punch Death Sentence Impacts Pub Sector Property Values

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A man has been sentenced to over six years in prison, with a non-parole period of five years, for the one-punch manslaughter of Luke Sweetman outside an Adelaide pub. This case highlights the devastating consequences of alcohol-fuelled violence and raises important security considerations for Australian property professionals, particularly those managing licensed venues. The victim's mother called for mandatory armed security guards at all hotels nationwide, arguing this could prevent similar tragedies. While the court acknowledged the perpetrator's remorse, the victim's family expressed disappointment with the sentence length. The incident stemmed from a dispute over a missing cannabis pen, escalating to a fatal blow delivered by the offender, who had drugs in his system at the time. This case underscores the need for robust security measures and responsible service of alcohol practices within the hospitality sector.

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Thursday March 27, 2025Thursday March 27, 2025Brisbane, House, Insurance, Interest Rates, Local, Melbourne, Property, State

Help to Buy: Higher price thresholds boost market access for buyers

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A couple who earned a combined $160,000 could borrow enough to buy a home worth $969,118 if the government contributed 30 per cent and they had a 2 per cent deposit – enough to max out the scheme in Melbourne, but still short for Brisbane or Sydney. This highlights the impact of the government's shared equity scheme on borrowing power, particularly in different property markets. Experts like Sally Tindall from Canstar emphasize the scheme's potential to assist a diverse range of buyers, enabling lower mortgages compared to existing programs like the First Home Guarantee, while stressing the importance of thorough research and professional advice.

Angus Gilfillan of Finspo notes that while the price caps are unlikely to restrict single buyers, larger deposits or family assistance may still be necessary for maximizing the scheme's benefits, especially in higher-priced markets. He also points out that stamp duty costs still need to be factored in.

Nerida Conisbee from Ray White acknowledges that while the scheme helps individuals enter the market, it may not address overall housing supply. She also warns buyers to remember the repayment obligations to various parties upon sale, highlighting the complexity of shared equity arrangements. For property professionals, it's crucial to understand these nuances to effectively advise clients navigating the scheme and its implications.

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Thursday March 27, 2025Thursday March 27, 2025Commercial, Decline, Due Diligence, Employment, Forecasts, Growth, Insurance, National, Property, Property Prices, Residential, Retail, Sustainability

Aussie Jobs & Property: What the Latest Figures Mean for Investors

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Rising unemployment and underemployment are painting a concerning picture for the Australian economy, with implications for the property market. Roy Morgan reports underutilisation at a record high of 21.7% outside the pandemic, impacting consumer spending and potentially mortgage serviceability. While official job growth exists, it's primarily driven by the public sector, leaving the private sector struggling. Weakening job advertisements and increased applicant numbers across platforms like SEEK and Indeed further underscore this softness. This subdued consumer spending, coupled with a structurally weak labour market, poses a challenge for property professionals, suggesting potential headwinds for sales and rentals. The consumer sector appears to be in recession, according to Roy Morgan’s CEO, creating a “calamitous” environment for many Australians.

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Thursday March 27, 2025Thursday March 27, 2025First Home Buyers, Insurance, Melbourne, Property

Help to Buy: How Higher Caps Will Impact Aussie Property Pros

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A couple who earned a combined $160,000 could borrow enough to buy a home worth $969,118 if the government contributed 30 per cent and they had a 2 per cent deposit – enough to max out the scheme in Melbourne, but still short for Brisbane or Sydney. Canstar’s Sally Tindall notes the scheme’s appeal across diverse borrower situations, including singles and different interest rate climates, emphasizing its goal to broaden scheme accessibility rather than enabling unrealistic purchases.

Finspo’s Angus Gilfillan highlights that singles and those in NSW are less likely to be constrained by price caps, but larger deposits are often needed to maximise benefits. He also points out that a significant portion of first home buyers utilise such government schemes, drawn by low deposit requirements, waived lender’s mortgage insurance, and smaller loans.

Ray White’s Nerida Conisbee emphasizes the program’s potential to assist individuals, while raising concerns about its impact on increasing housing supply through established home purchases. She also flags the importance of understanding the repayment obligations to multiple parties when selling the property, making thorough due diligence essential for buyers and advisors alike. Professionals should advise clients to carefully review scheme details, shop for competitive rates, and understand long-term implications, including potential income threshold breaches.

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Thursday March 27, 2025Thursday March 27, 2025Building Codes, Commercial, Global, Growth, Insurance, Local, Modular Construction, Modular Construction, National, Perspective, Planning, Property, Residential, Sustainability, Traditional Construction, Training

XFrame Takes Home Top Gong for Sustainable Building Innovation

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XFrame, a modular construction company with experience in Australia and New Zealand, has won the Sustainable Innovation of the Year award at the UK's FIS Awards, spotlighting the global shift toward circular construction. Their reusable, low-carbon framing solutions promise reduced waste, faster construction times, and increased design flexibility relevant to the Australian market facing rising costs and sustainability demands.

For Australian property professionals, this win underscores the potential for modular construction to address key challenges. However, successful adoption requires addressing regulatory hurdles, developing a robust local supply chain, and upskilling the industry in areas like BIM and off-site construction. Investment in local manufacturing and training are also vital. Careful planning and adaptation of financing and insurance risk assessment frameworks are needed to fully realize the benefits of this innovative approach in Australia.

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Thursday March 27, 2025Thursday March 27, 2025Commercial, Forecasts, Infrastructure, Insurance, National, Property, Retail, State, Urban Renewal

Tobacco Tax Hike Impacts Property: What Can Labor Do?

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The illicit tobacco trade is costing the Australian federal budget billions, impacting funding for vital programs. High tobacco excise taxes, while effective in reducing smoking rates, have inadvertently fueled a black market, with criminals undercutting legal sales. This has resulted in a $6.9bn projected loss in tobacco excise revenue over the next four years, almost equalling the cost of expanding Medicare bulk-billing. Australian property professionals should note this significant budget shortfall as it could influence future government spending on infrastructure, social services and potentially impact property market stability. The government is increasing funding for law enforcement to combat illicit tobacco, but experts are divided on whether this approach will be sufficient, with some advocating for excise reductions, a move public health experts oppose.

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Thursday March 27, 2025Thursday March 27, 2025Analysis, Commercial, Decline, Insurance, Investment Strategies, Local, Market Reports, Property

Eastern Suburbs Graffiti Incident Raises Property Security Concerns

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A 23-year-old man has been charged with property damage after allegedly vandalizing cars and buildings with antisemitic graffiti in Sydney's eastern suburbs (Kingsford and Randwick). NSW Police attached to Strike Force Pearl, established to combat rising antisemitism, arrested the man at a Daceyville residence following a search warrant execution on Wednesday. This arrest brings the total number of charges laid under Strike Force Pearl to 153 across 31 individuals. The incident highlights the ongoing issue of hate-motivated property damage, a concern for property professionals managing assets in affected areas. NSW Police have increased resources dedicated to this task force, signaling a stronger focus on preventing such crimes.

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Thursday March 27, 2025Thursday March 27, 2025Consumer Protection, Dispute Resolution, Insurance, Planning, Property

Super Insurance Gap: A Quarter of Aussies Uncovered & What It Means for Your Property

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One in four Australians are unaware of their superannuation insurance coverage, according to new research by Super Consumers Australia. This highlights a critical issue for property professionals, who often rely on this insurance for income protection and other benefits. The case of Lyndal Jordon, diagnosed with terminal cancer, exemplifies the potential pitfalls. Despite contributing for over a decade, Ms Jordon received significantly lower payouts than anticipated due to being on a "default" insurance level after a super fund merger. This situation, coupled with lengthy claim processing times and inconsistent communication, caused significant financial and emotional distress. ASIC's recent legal action against major super funds reinforces the need for greater transparency and improved customer service regarding insurance within super. Property professionals should proactively review their superannuation policies to ensure adequate coverage and avoid potential hardship.

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Thursday March 27, 2025Thursday March 27, 2025Analysis, Brisbane, Global, Growth, House, Inflation, Insurance, Interest Rates, Market Reports, Melbourne, National, Perspective, Property, Property Prices, Residential, Victoria

Aussie Housing Market: Latest Trends and Financial Impacts

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You are a senior property market analyst for the Australian Property Network. Your task is to rewrite the following news article (in Australian English) for an audience of Australian property professionals, with a specific focus on financial market reports and their potential impact on the property market. The rewritten article should: * Be a thorough...

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Wednesday March 26, 2025Wednesday March 26, 2025Infrastructure, Insurance, Local, Property, Property Management, State

Dogecoin Insider Linked to Cybercrime: Potential Property Market Risks

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Australian property professionals should be aware of potential cybersecurity vulnerabilities highlighted by the case of Edward Coristine, a key figure in Elon Musk's US DOGE Service team. Coristine, who has access to official US government networks, previously ran a company that provided network services to a cybercrime ring known as EGodly. This group engaged in data trafficking, cyberstalking, and doxing, including targeting an FBI agent. While the extent of Coristine's involvement remains unclear, this incident underscores the importance of robust cybersecurity practices, especially for those handling sensitive data. The potential for seemingly legitimate tech providers to have links to cybercriminal activity highlights the need for thorough due diligence when selecting technology partners and services.

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Wednesday March 26, 2025Wednesday March 26, 2025Analysis, Consumer Protection, Decline, Insurance, Land, Local, National, Opinion, Planning, Property, State

Budget Bypass: Green Policies Miss the Mark for Property Buyers

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The 2025 Federal Budget prioritised cost-of-living relief over environmental action, a potential miscalculation given voter concern for the environment. While the budget allocated funds for land and water protection and green industry transitions, it fell drastically short of addressing biodiversity loss and climate change. For Australian property professionals, this highlights the growing tension between economic pressures and environmental sustainability. Public support for stronger environmental policies remains high, suggesting opportunities for environmentally conscious development and investment may be overlooked. The upcoming election could see minor parties and independents capitalise on this disconnect, potentially influencing future environmental regulations and impacting the property sector.

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Wednesday March 26, 2025Wednesday March 26, 2025Analysis, Brisbane, Contracts, Employment, Government Policies, Growth, Inflation, Infrastructure, Insurance, Office, Perspective, Planning, Property, Retail, Training

Non-Compete Clauses: A Threat to Aussie Property Market Dynamism?

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The 2025 Australian Federal Budget proposes banning non-compete clauses for employees earning below $175,000. This is particularly relevant to the real estate sector, where ABS data shows nearly a third of employers utilize these clauses. While intended to boost wages, productivity, and job mobility, concerns exist regarding the potential impact on staff training and client poaching. The government plans to consult with industry stakeholders, including property professionals, to refine implementation details, including penalties and exemptions. Currently, these clauses are often unenforceable but create a "chilling effect" on employee movement, potentially suppressing wages. The ban aims to address this, encouraging a more dynamic and competitive labour market, ultimately benefitting both employees and the economy.

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Wednesday March 26, 2025Wednesday March 26, 2025Decline, Forecasts, Growth, Inflation, Insurance, Interest Rates, Property, Sustainability

Cost of Living Crisis Deepens: Implications for Aussie Property Market

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Australian property professionals should note that while the Federal Budget extends electricity rebates ($150 over six months to end-2025), underlying cost-of-living pressures remain. Treasury forecasts inflation rising to 3% by mid-2026, once the rebates expire. Rents continue to climb (5.5% annually) amidst tight vacancy rates, impacting affordability and tenant demand. Further, essential costs like groceries and services (education, insurance) are also increasing. While Treasurer Chalmers claims the inflation battle is being won, experts like David Koch predict ongoing high supermarket prices and doubt interest rate cuts. This sustained pressure on household budgets could influence property market activity, warranting close attention from industry professionals. The budget's untargeted cost-of-living relief measures also raise concerns about ongoing deficits.

peace of mind
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Wednesday March 26, 2025Wednesday March 26, 2025Closing, Insurance, Local, Maintenance, National, National Perspective, Perspective, Property

Mastering the Final Stretch: Ensuring Peace of Mind During the Closing Process of Property Transactions

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Mastering the Final Stretch: Ensuring Peace of Mind During the Closing Process of Property Transactions As the sun begins to set on a long and busy journey of property transactions, it’s natural to feel a mix of excitement and anxiety as you approach the closing process. For property professionals, helping clients navigate this final stretch...

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Wednesday March 26, 2025Wednesday March 26, 2025Consumer Protection, Insurance, Property, State, Victoria

Dodgy property deals: How to protect yourself

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Keyless car theft is a growing concern for Australian property professionals, impacting not just vehicle owners but also potentially property security. Thieves are exploiting keyless entry systems using devices like the "Flipper Zero" to intercept and replicate key fob signals, even from inside homes. This has led to a surge in car thefts, with Victoria experiencing its highest rate since 2003. To mitigate this risk, experts recommend physical deterrents like steering wheel locks, parking in secure locations like garages, and using Faraday pouches to block key fob signals. These preventative measures can offer an extra layer of security for both personal vehicles and those associated with managed properties.

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Wednesday March 26, 2025Wednesday March 26, 2025Government Policies, Growth, Infrastructure, Insurance, Land, National, Opinion, Property, Sustainability

Budget 2025: Missed Opportunity for Green Property Growth?

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The 2025 Federal Budget prioritised cost-of-living measures like tax cuts and energy bill relief, seemingly overlooking environmental concerns. For Australian property professionals, this highlights a potential disconnect between government spending and public sentiment. Despite the budget's focus, polling consistently shows strong voter support for increased environmental action, including conservation and climate change mitigation. This presents both a challenge and an opportunity. While immediate economic concerns dominate, the long-term implications of climate change, such as extreme weather events and resource scarcity, directly impact property values and development. Understanding this public concern and incorporating sustainable practices can give property professionals a competitive edge in a market increasingly sensitive to environmental issues.

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Wednesday March 26, 2025Wednesday March 26, 2025Insurance, Local, National, Planning, Property, Property Valuation, Risk Assessment, Sustainability, Tasmania, West Coast

EPBC Act Changes: Impact on Tasmania Property Market and Salmon Industry

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Proposed amendments to Australia's Environment Protection and Biodiversity Conservation Act are causing a stir, particularly concerning the Tasmanian salmon industry. The federal government, backed by the Opposition, aims to secure the industry in Macquarie Harbour, despite environmental concerns regarding the endangered Maugean skate. The Greens strongly oppose the legislation, arguing it prioritizes the salmon industry over species preservation, accusing the government of "gutting environmental laws." These amendments could limit the environment minister's power to overturn previous approvals, potentially setting a precedent for other industries. Australian property professionals should be aware of this developing situation, as it highlights the ongoing tension between development and environmental protection, a key consideration in property development and management. The outcome of this legislation could influence future environmental regulations impacting property development.

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Wednesday March 26, 2025Wednesday March 26, 2025Affordable Housing, Affordable Housing, Analysis, Decline, Economic Factors, Growth, House, Inflation, Infrastructure, Insurance, Interest Rates, Melbourne, Perspective, Property, Property Management, Property Prices, Regional

Budget 2025 Tax Cuts Passed: What it Means for Property

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Federal Budget 2025: Key Takeaways for Australian Property Professionals

The 2025-26 Federal Budget, handed down last night, offers important insights for the Australian property sector. While lacking significant new property-specific measures, the budget addresses broader economic factors influencing the market. Treasurer Jim Chalmers emphasized responsible economic management, highlighting a downward trend in net overseas migration, a factor with implications for rental demand and housing supply. The budget acknowledges the increasing economic burden of natural disasters, like ex-Tropical Cyclone Alfred, which will impact construction demand and timelines. Debate continues around the long-term structural deficit, and its potential effects on future economic stability, a key concern for property investment. The budget also includes income tax cuts, which, while intended to ease cost-of-living pressures, raised questions about their impact relative to rising energy costs. The government’s focus on responsible migration management and its commitment to addressing the structural deficit are key areas property professionals should monitor.

Pago Pago
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Wednesday March 26, 2025Wednesday March 26, 2025Property, Analysis, Commercial, Global, Growth, Industrial, Infrastructure, Insurance, Land, Local, Melbourne, National, Perspective, Regional, Residential, Retail, South, Specialised, Training, Upgrading

Pago Pago: Strategic Investment & Development Opportunities in Oceania’s Harbourfront Market

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Pago Pago: Unique Opportunities and Complexities in a US-Affiliated Pacific Harbour

Ash Prasad explores the often-overlooked property market of Pago Pago, American Samoa, presenting a unique investment landscape distinct from typical South Pacific destinations. For Australian property professionals, Pago Pago's status as a US unincorporated territory is key – operating with the US dollar, under US federal influence, and receiving significant US funding. Its spectacular natural harbour is a strategic asset, historically tied to the US Navy and currently dominated by the StarKist tuna cannery, though diversification into tourism and other ventures is being explored.

The critical factor for any potential investor is the land tenure system. Over 90% of land is communal (aiga), governed by traditional Samoan custom (fa'a Samoa), and generally cannot be bought or sold, particularly to non-ethnic Samoans. Development hinges on navigating complex, long-term lease negotiations requiring deep cultural sensitivity, patience, and local partnerships. The small segment of freehold land is scarce and faces restrictions.

Opportunities exist in waterfront revitalisation, niche sustainable tourism (boutique accommodation, eco-tourism), port-related commercial activities, and potentially niche residential development, often via leases or the limited freehold market. However, significant risks include the land tenure complexities, economic reliance on the cannery and US funds, infrastructure limitations, and natural disaster vulnerability. Prasad concludes that Pago Pago suits patient, culturally attuned investors focused on long-term, relationship-driven projects, demanding rigorous due diligence and local expertise rather than conventional transactional approaches.

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Wednesday March 26, 2025Wednesday March 26, 2025Adelaide, Analysis, Commercial, Insurance, Local, Property, Residential, South, Upgrading

Adelaide Business Break-ins Lead to Arrest: Property Security Alert in Northeast Suburbs

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Northeast Burglary Bust: Property Pros Urged to Tighten Security A 41-year-old Adelaide man has been arrested and charged with 35 offences related to a series of business break-ins across Adelaide’s north-eastern suburbs. The arrest follows an investigation by Eastern District police into a string of incidents reported since March 6th, impacting local businesses and prompting...

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Wednesday March 26, 2025Wednesday March 26, 2025Analysis, Growth, Infrastructure, Insurance, Land, National, Planning, Property, Regional, Victoria

Climate Risks Squeezing Aussie Homeowners: Insurance Premiums Pinch

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Climate Change and the Australian Property Market: A Perfect Storm of Unaffordability and Uninsurability The intensifying impacts of climate change are exacerbating Australia’s existing housing affordability woes, creating a double whammy for homeowners and investors alike. Rising insurance costs, driven by increasingly frequent and severe weather events, are pushing some properties towards uninsurability, while also...

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Wednesday March 26, 2025Wednesday March 26, 2025Consumer Protection, Dispute Resolution, Infrastructure, Insurance, National, Property, Retirement Living, State

2025-26 Federal Budget: How IT Projects Could Impact Aussie Property

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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:

The final budget before the next federal election includes scant funding for technology projects compared to previous years, with the health portfolio one of few winners. 

The full list of IT projects in the 2025-26 federal budget


Several of the larger spending initiatives included in the budget – such as an expansion of the fibre overbuild by NBN Co – had previously been announced, including funding allocations.

The budget follows much the same pattern as the one delivered in 2022 prior to the last federal election, where the focus was on cost-of-living rather than IT projects.

The sole mention of technology by Treasurer Jim Chalmers in his parliamentary speech was a fleeting reference to artificial intelligence.

Chalmers said Australia "is well placed to respond to ... seismic changes shaping this new world of uncertainty", declaring one of the changes to be a transition "from information technology to AI", although there was no indication of any specific initiatives or funding aimed at building domestic AI capability.

The key projects and agencies to receive funding are:

  • $228.7 million in 2025–26 to continue modernising My Health Record and support the digital health reform agenda 
  • $207 million over two years from 2025–26 to deliver the second tranche of stabilisation and uplift of the Australian Securities and Investments Commission’s (ASIC) business registers 
  • $151 million over four years from 2025–26 to continue enhancements to the National Disability Insurance Agency’s (NDIA’s) fraud detecting IT systems
  • $53.2 million in 2025–26 to continue implementation of the Single Assessment System and support the staged digital implementation of the Aged Care Act 2024 to ensure continuity of aged care assessment services
  • $37.8 million in 2025–26 for the Aged Care Quality and Safety Commission to support the staged digital implementation of the Aged Care Act 2024
  • $17.1 million in 2025–26 to continue to invest in the NDIA’s ability to detect and respond to fraud and non‑compliant payments
  • $6.7 million in 2025–26 to extend the operation of the National Anti‑Scam Centre within the Australian Competition and Consumer Commission
  • $5.7 million in 2025–26 to extend funding to ensure sustainability of Australia’s electronic [pharmaceutical] prescribing infrastructure 
  • $5.4 million in 2025–26 to support the National Emergency Management Agency’s engagement with the states and territories on a national high‑speed and high‑capacity mobile broadband emergency response capability 
  • $5.3 million in 2025–26 to the Office of the Australian Information Commissioner to continue its regulatory oversight of the Digital ID and Identity Verification Service programs 
  • $3 million over four years from 2025–26 for the Australian Securities and Investments Commission to improve its data analytics capability to better target enforcement activities to deter illegal phoenixing activities, particularly in the construction sector 
  • $2.2 million in 2025–26 for the Office of the Commonwealth Ombudsman, the Department of Home Affairs and the Australian Criminal Intelligence Commission to continue to support access to data for law enforcement and national security purposes under the AUS‑US Data Access Agreement 
  • $1.8 million in 2025–26 to continue the Measuring Broadband Australia program 
  • $300,000 in 2025–26 to AGD to support consultation on a national database for hate crimes and incidents
  • Unknown amount for "additional resourcing for the Department of the Prime Minister and Cabinet to strengthen IT systems including whole‑of‑government systems"
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Wednesday March 26, 2025Wednesday March 26, 2025Global, Growth, Inflation, Insurance, Interest Rates, Local, Maintenance, Mortgages, Property, Property Prices, South, Victoria

Eggflation Hits Home: How Global Food Prices Impact Aussie Property

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Eggflation hits home: US and Australian markets grapple with soaring prices. Avian flu outbreaks in both countries have decimated poultry flocks, driving US egg prices up a staggering 65% in the past year. While the US is importing eggs from countries like South Korea and Turkiye as a short-term solution, Australia, currently free of the H5 strain, shows no signs of following suit despite ongoing Victorian outbreaks and supermarket purchase limits. This highlights the fragility of global food supply chains and the potential impact on Australian consumers. Although the US wholesale egg price has recently dropped, the long-term outlook remains uncertain. Australian property professionals should be aware of these trends as food security and rising living costs can influence market dynamics.

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Wednesday March 26, 2025Wednesday March 26, 2025Conflict Resolution, Insurance, Property, State, Training

Spotting and Stopping Covert Bullying in Property Offices

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Covert workplace bullying, characterised by subtle tactics like exclusion, gossip, and micromanagement, poses a significant threat to Australian property professionals. These underhanded behaviours can be just as damaging as overt aggression, impacting productivity, morale, and wellbeing within teams and across agencies. While difficult to prove, meticulous documentation is crucial. Workplace behaviour expert Franca Sala Tenna advises keeping a detailed diary of every incident, noting dates, times, specific actions, and the impact on you. This record can be invaluable should the situation escalate and require formal intervention. Learn more about identifying and addressing covert bullying by listening to Franca's insights in this podcast. [link to podcast]

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Wednesday March 26, 2025Wednesday March 26, 2025Inflation, Insurance, Interest Rates, Loans, Property, State

2025 Budget: Impact on Aussie Homeownership

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The upcoming Australian federal election is shaping up to be a significant event for property professionals. The government's budget, released in the context of an upcoming election, includes substantial funding boosts for housing initiatives. A key highlight is an $800 million top-up for the Help to Buy scheme, increasing its total commitment to $6.3 billion. This aims to make homeownership more accessible by reducing the amount buyers need to borrow, with revised eligibility criteria impacting borrowers' income levels and property price caps. The budget also includes $54 million for faster housing construction methods, aiming to increase housing supply. Also, a policy of potentially reducing HECS/HELP student loan debts by 20% is back in the spotlight, potentially impacting mortgage serviceability. While interest rate impacts from the budget are likely to be minimal, the election context and associated policies warrant ongoing monitoring by Australian property professionals. These proposals will influence the market, and it is essential for professionals to keep abreast of further announcements and policy evolutions throughout the campaign.

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Wednesday March 26, 2025Wednesday March 26, 2025Forecasts, Global, Growth, Inflation, Infrastructure, Insurance, Interest Rates, Local, National, Property, Property Prices, Sustainability

Federal Budget 2025-26: Deficit Trajectory and Property Market Implications

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The latest Australian Budget delivers tax cuts, cost-of-living relief, and infrastructure spending, but also cements bigger government and medium-term deficits. Property professionals should note the expansion of the Help to Buy scheme, though limited to 40,000 places, and a $54m investment in pre-fabricated and modular homes, which is unlikely to significantly impact the housing shortage. While cost-of-living measures aim to curb inflation, increased government spending may lead to higher interest rates than otherwise anticipated, potentially impacting the property market. The budget forecasts modest home price growth for this year. Infrastructure projects, including $7.2bn for the Bruce Highway, may present opportunities for the property sector. Overall, the budget's impact on the property market appears neutral, with continued reliance on bracket creep for long-term budget repair raising concerns.

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Tuesday March 25, 2025Tuesday March 25, 2025Downsizing, Infrastructure, Insight, Insurance, Investment Strategies, Mortgages, National, Property, Property Prices

Budget 2025: Generational Impacts on the Aussie Property Market

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The 2025 Australian Federal Budget offers a mixed bag for property professionals navigating a market shaped by generational needs. Gen Z, burdened by housing affordability, sees some relief in increased rent assistance and a 20% student loan cut, but more substantial housing policy changes are needed. Millennials, facing similar pressures, acknowledge the expanded Help to Buy scheme as promising but insufficient to address the crisis. Gen X, juggling mortgages and childcare, welcomes tax cuts and education funding, but finds the budget lacking on housing affordability and environmental action. These generational challenges have significant implications for the property market, emphasizing the need for innovative solutions and long-term planning by property professionals.

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Tuesday March 25, 2025Tuesday March 25, 2025Analysis, Economic Factors, First Home Buyers, Insurance, Interest Rates, Loans, Northern Territory, Perspective, Property, Queensland, Regional, South, South Australia, State, Tasmania, Victoria, Western Australia

Budget 2025: First Home Buyers Facing Uphill Battle, Mate

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The 2025 Federal Budget offers limited relief for first-home buyers, primarily through the "Help to Buy" scheme. This initiative sees the government taking an equity stake (up to 40% new builds, 30% existing) allowing for deposits as low as 2%. However, with only 40,000 places over four years, it's expected to assist less than 10% of first-home buyers.

Industry reactions are mixed. While some, like REIA President Leanne Pilkington, criticise the scheme's limited scope, others like PropTrack economist Angus Moore highlight potential benefits based in price thresholds. Crucially, the scheme includes state-specific price caps, varying from $600,000 in the Northern Territory to $1.3 million in metro NSW, impacting property eligibility.

For Australian property professionals, this means managing buyer expectations regarding access to the "Help to Buy" scheme and exploring alternative financial pathways. Understanding the price caps in each region is vital for developers targeting construction towards first-home buyers. The continued Regional First Home Buyer Guarantee offers opportunities for regional development. Investors should remain cautious, recognising that broader economic factors like interest rates and housing supply will heavily influence market dynamics. Given elevated interest rates, property professionals must stay informed and adapt strategies accordingly.

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Tuesday March 25, 2025Tuesday March 25, 2025Affordable Housing, Affordable Housing, Analysis, Due Diligence, Growth, House, Inflation, Insurance, Investment Strategies, Land, Local, Property, Residential

Coastal Property: 1000% Price Surge – A Deep Dive for Investors

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Coastal property in Australia faces a cyclical challenge: while tropical cyclones and storms may temporarily dampen buyer interest, long-term demand for beach houses remains strong. Historical data, as evidenced by Cotality's (formerly CoreLogic) figures, demonstrates significant value growth in high-risk coastal areas over the past three decades, with some properties increasing by as much as 500%. This resilience suggests that, despite short-term market fluctuations caused by natural disasters, the appeal and value of beachfront properties will likely endure. Australian property professionals need to understand these cyclical patterns to advise clients effectively and navigate the dynamics of coastal markets. While potential buyers may be deterred initially, the long-term investment potential remains.

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Tuesday March 25, 2025Tuesday March 25, 2025Agricultural, Analysis, Government Policies, Infrastructure, Insurance, Investment Strategies, Land, Local, New South Wales, Northern Territory, Property, Queensland, Rural, South, South Australia, State

Outback Deluge: Queensland’s Western Rainfall Boom and Property Implications

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Unprecedented rainfall across Queensland is impacting the state's outback and is set to affect eastern regions. Property professionals should be aware of widespread flooding and potential isolation in south-western areas, with some locations receiving 9-12 months' worth of rain in just days. Totals exceeding 200mm have been recorded in towns like Quilpie and Windorah, while areas from Mount Isa to the NSW/SA border have seen 100-200mm. The slow-moving system is expected to bring further rainfall (25-50mm, up to 100mm in isolated areas) to the far west and another 100-200mm to central areas like Hughenden and Longreach. Eastern Queensland, including the coast, can expect 100-150mm by the weekend. This prolonged deluge will likely impact accessibility, infrastructure, and potentially property values in affected areas.

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Tuesday March 25, 2025Tuesday March 25, 2025Analysis, Due Diligence, Insurance, Leasing, Local, Maintenance, Planning, Property, Property Insurance, Property Management

Hidden Costs of Aussie Investment Property Ownership

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Australian property professionals need to be aware that calculating investment property cash flow is more complex than simply comparing rent to mortgage repayments. Recent data from the PIPA 2024 Investor Sentiment Survey reveals a concerning trend: nearly 65% of respondents reported negative cashflow, up from 57% the previous year. This highlights the crucial need to factor in a wider range of expenses beyond the basics. Essential items include property management fees (5-8% of weekly rent), council rates, water costs, strata fees (including insurance), landlord insurance, vacancy periods (buffer of 2-4 weeks’ rent), and ongoing maintenance and repair costs (setting aside 5-10% of annual rental income). Failing to account for these varied costs, particularly for first-time investors, often results in a negative cashflow. Australian property professionals should advise clients to thoroughly research and understand all relevant expenses before committing to an investment.

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Tuesday March 25, 2025Tuesday March 25, 2025Adelaide, Analysis, Decline, House, Insurance, Property, South, South Australia

Dodgy Plates Costing Drivers: Can Illegal Regos Affect Property Values?

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Dodgy Plates Costing Drivers: Can Illegal Regos Affect Property Values? **Adelaide, SA** – An Adelaide motorist sporting a number plate reading “PRIVATE” above the smaller text “Special Trust Security” has drawn attention online, highlighting the issue of illegal number plates and prompting debate about the potential links to organised crime and sovereign citizen movements in...

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Tuesday March 25, 2025Tuesday March 25, 2025Building Codes, Decline, Due Diligence, Energy Efficiency, Energy Efficiency, Forecasts, Global, Green Building, Growth, Infrastructure, Insurance, Local, Modular Construction, Modular Construction, Office, Planning, Prefabrication, Prefabrication, Property, Regional, Residential, Social Responsibility, Sustainability, Training

Dutch Property: Key Trends & Takeaways for Aussie Pros

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Dutch Property: Key Trends & Takeaways for Aussie Pros The European property market is currently experiencing a significant shift. In 2024, investment volumes across Europe climbed to €174 billion, marking a 17% year-on-year increase. This growth has been fuelled by more optimistic price forecasts and a loosening of monetary policy, creating a valuable opportunity to...

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Tuesday March 25, 2025Tuesday March 25, 2025Analysis, Infrastructure, Insurance, Property, Property Prices, Regional

Capsized Boat Drama: How Coastal Safety Impacts Property Values on the Border

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Stay Informed: Riverina Property Insights

Keep ahead of the curve in the Riverina property market with local news updates from publications like The Daily Advertiser and The Area News. Access comprehensive coverage of real estate trends, development projects, and local council decisions impacting the property sector. Digital subscriptions offer access to content across multiple regional news websites, including invaluable insights and analysis for property professionals. Stay informed on market shifts, investment opportunities, and community developments that influence property values in the Riverina region. Don't miss out – subscribe today for unlimited access.

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Tuesday March 25, 2025Tuesday March 25, 2025Consumer Protection, Contracts, Dispute Resolution, Global, Insurance, Local, Negotiation, Property, Retail, State

US Tariff Tussle Hits Aussie Homewares: What it Means for Your Wallet

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US tariff disputes offer a glimpse into potential future supply chain disruptions for Australian property professionals. Retail giants Walmart and Target are battling suppliers over price increases stemming from tariffs, highlighting the vulnerability of global trade relationships. Suppliers, facing increased material costs (like Nordic Ware's 10-15% jump), struggle to balance absorbing costs and passing them on to retailers resistant to price hikes. Lengthy retailer price reviews further exacerbate supplier burdens. This situation mirrors potential challenges for Australian property development, where material import costs and supply chain disruptions can significantly impact project feasibility and profitability. Observing US market reactions provides valuable insight for risk assessment and strategic planning in the Australian property sector.

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Tuesday March 25, 2025Tuesday March 25, 2025Agricultural, Central West, Due Diligence, Infrastructure, Insurance, Investment Strategies, Land, National, Perth, Property, Property Prices, Queensland, Regional, Residential, Rural, Western Australia

Outback Floods Threaten Regional Property Markets

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Heavy rainfall and potential flooding are impacting outback Queensland, posing risks for property professionals operating in the region. The Bureau of Meteorology has issued severe weather warnings for the Central West and Channel Country, with some areas forecast to receive up to 200mm of rain in 24 hours and totals potentially reaching 300mm before easing early next week. Flood warnings are in place for several rivers, including a major flood alert for the Bulloo River. Communities like Longreach, Quilpie, Windorah, Isisford, Barcaldine, and Winton may be affected. Property professionals should be aware of potential impacts on property access, valuations, and insurance, and should advise clients accordingly. While conditions are expected to ease from tomorrow, the significant rainfall will continue into the weekend.

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Tuesday March 25, 2025Tuesday March 25, 2025Analysis, Bendigo, Buying a Property, Growth, Insurance, Interest Rates, Local, Melbourne, Mornington Peninsula, National, Property, Rural

Mornington Peninsula: Investor Appeal Soars

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The Mornington Peninsula, an hour from Melbourne, is experiencing renewed interest from homebuyers seeking a coastal lifestyle. Expected easing interest rates are predicted to fuel further activity in the coming months. While the market saw a slight lull recently, demand for quality properties remains strong, with price increases anticipated for the latter half of 2025 and into 2026. The peninsula's 30km of beaches, thriving café culture, and relaxed atmosphere make it attractive, particularly for first-home buyers in more affordable areas like Dromana, Rosebud, and Capel Sound. Bendigo Bank's Victorian Home Buyer Fund, offering shared equity schemes with as little as a 5% deposit, is aiding entry to the market for eligible buyers. Australian property professionals should anticipate increased buyer interest and transactions in the next six months. Understanding the local market conditions, along with access to financial support mechanisms, is crucial to capitalizing on this resurgence.

Australian Property Network™