Test for consumer sector as optimism creeps back in
By Poppy Johnston, AAP The state of the consumer and business sectors will be on display this week, with a speech from a Reserve Bank of Australia official also of interest. Household budgets are still under pressure but green shoots of optimism are starting to sprout in the consumer sector. Consumer confidence as measured in […]
Older Australians may win big from homebuyer scheme
By Kat Wong, AAP Australians expected to retire in the next decade could avoid the renting on a pension thanks to the government’s first homebuyer scheme. Older renters who have already put down a deposit for a house could benefit most from the federal government’s first homebuyer scheme. Under the Help to Buy scheme, the […]
Chalmers hints at ‘warning sign’ ahead of GDP figures
By: Poppy Johnston and Andrew Brown Weaker sales figures in the retail figures are a warning sign ahead of national growth figures, the treasurer says. The treasurer has foreshadowed a weak end to the year for the national economy, saying warning signs were present in the retail sector. National growth figures for the December quarter […]
Home price rise not ‘typical recipe’ for rate cuts
By: Poppy Johnston, AAP Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary. Australia’s housing market continues to exhibit strength though its resilience could push out the timeline for interest rate cuts. HSBC chief economist for Australia Paul […]
Growth report likely to show households in pain
By: Poppy Johnston, AAP Households have been pinching their pennies as financial pressures intensify and that weakness is likely to show up in a soft economic growth print. The Australian economy is losing its sheen and tipped to post another weak growth result in the December quarter national accounts. The Australian Bureau of Statistics is […]
ARNECC publishes Interoperability timetable
Source: Office of the Registrar General The Australian Registrars’ National Electronic Conveyancing Council (ARNECC) has published Version 7 of the Model Operating Requirements (MORs) and the Model Participation Rules – ARNECC (MPRs). Version 7 (adopting the Model versions) will take effect on and from 28 March 2024: On and from that date, Subscribers must use the updated Client […]
Homebuyer scheme on shaky ground as calls for help echo
By Dominic Giannini, Kat Wong and Poppy Johnston, AAP Opponents of a homebuyer scheme that would split upfront costs with the government are being urged to back the plan to help more people buy their first house. A new plan to help aspiring homeowners crack into the housing market with as little as a two […]
Pulse to be taken on inflation, retail and home prices
By: Poppy Johnston A key monthly inflation indicator is expected to inch a little higher but such a result is unlikely to worry the Reserve Bank as it ponders interest rates. Australia’s inflationary pulse will be taken this week, with check-ups on spending activity, the property market and business investment also on the calendar. The […]
Climate risk and property: Where the legal obligations sit
By: Leigh Reinhold The Law Society of NSW has warned its members they could be legally liable for compensation claims from clients affected by property damage brought on by climate change-induced weather events. Potential negligence claims could arise for solicitors including in the areas of conveyancing and commercial transactions, highlighting climate risks associated with real […]
Sharehousing on rise as renting and living costs bite
Share house living is growing as the rental market remains tight and high living costs prod home owners to rent out spare rooms. Online share accommodation site Flatmates has recorded an 18.8 per cent increase in new listings since this time last year, but even with that boost, demand for rooms is still dramatically outpacing […]
