It’s hard to remember a time when building costs were less stable than they are currently, which makes the rise and fall clause in building contracts red hot right now.
With no pipeline of new dwellings being constructed, the volume of apartments being marketed has nearly halved over the past 12 months.
Financial advisors and mortgage brokers are being offered big commissions – up to 30 per cent bigger than last year – to sell completed apartments during the downturn.
The Property Council of Australia has commissioned a Newgate poll that has found Labor’s proposed negative gearing changes will discourage property investors.
A report earlier this year by the Australian Housing and Urban Research Institute (AHURI) says $1.7 billion could be saved if negative gearing tax laws were changed.
It’s a challenging environment for property investors – prices are falling, rates are rising, rental property is in oversupply and auction clearance rates are low.
Tighter regulations on foreign buyers of Australian residential property are starting to put the clamps on overseas investment.
Office buildings that lie outside Melbourne’s CBD are set to show strong price growth and are significantly undervalued according to a new office market report.
A good portion of the respondents went over budget by a significant amount, with nearly half of them blowing their budget by $30,000 or more.
The property industry remains overwhelmingly optimistic despite tougher lending conditions according to new Urban Developer and Development Finance Partners research.
