2020 wrap-up and Happy Holidays from WILLIAMS MEDIA
This is the last Recon Daily newsletter for 2020; we will be back in 2021. Read the stories that were important to you in the real estate industry for 2020, on The Real Estate Conversation.
The four major trends expected to shape the Australian property market
"Preliminary figures released by the ABS on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.
New research from Westpac shows that COVID-19 is continuing to shape Australian home ownership goals, with the number of first home buyers looking to enter the property market in the next five years doubling from 7 per cent before the pandemic to 16 per cent.
REIA seeks new foreign investment fee structure for residential property sector
The Real Estate Institute of Australia (REIA) has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020.
Reduction in loan deferrals defies doom and gloom forecast: REIA
New figures from the Australian Banking Association showing that the number of deferred loans has fallen below 300,000 is positive news for property markets, according to the Real Estate Institute of Australia.
John McGrath – All signs point to growth in Melbourne & surrounds
John McGrath, founder and executive director, McGrath Estate Agents says Melbourne and surrounding regional areas are showing signs of potential growth and are likely to bounce back as they have after past crises.
Optimism on the rebound for the property market - survey
Sentiment among those in the property market has almost rebounded to pre-COVID-19 levels, with significantly greater optimism for house prices and less worries among homeowners, according to ME’s latest Quarterly Property Sentiment Report.