New depreciation laws came into effect earlier this month, in one of the most dramatic changes to property depreciation legislation in more than 15 years.
First-home buyers are prepared to compromise on trendy neighbourhoods, safe streets, and proximity to work and public transport in order to get their foot on the property ladder, according to the findings in the 2017 Westpac Home Ownership Report.
Perth’s rental market appears to be recovering, with new reiwa.com data revealing improvements in leasing activity and listing levels during the September quarter.
Sydney records strongest office rental growth globally, Melbourne second: JLL
Sydney has again recorded the fastest office rental growth in the world, with a rate of 30.1 per cent growth over the year, according to JLL's Global Office Index.
Even owners would be happy to see property prices fall
New research from ME Bank has revealed that 24 per cent of home owners and 20 per cent of investors would like to see property prices fall, revealing a perception in the market that house prices have risen to such heights they are now "unfair".
Almost 50% of groups at Darwin open homes are first-time buyers, with satellite city Palmerston attracting the most first-home buyer attention, says Glenn Grantham of Raine & Horne Darwin.
Sydney's true clearance rate could be 40%: John Cunningham, REINSW
An unusually high percentage of Sydney auction results weren't reported last week, says REINSW president John Cunningham, causing him to ponder the worst-case scenario: if those properties didn't sell, Sydney's clearance rate could be 40 per cent.