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Byron Bay STRA cap to be enforced, September’s CPI data released, and warnings to ensure capital gains are accurately reported.
Welcome to Hot Property, REB’s weekly round-up of headline stories that are important not only for the real estate sector, but also for the state of the Australian property market as a whole.
To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:
Operators of short-term rental accommodation in arguably Australia’s most popular tourist town will have the number of days they are allowed to lease their holiday rental limited to 60 days when new rules kick into effect next year.
Inflation rose slightly in the 12 months to September, according to the latest Consumer Price Index data (CPI) from the Australian Bureau of Statistics, with housing one of the highest rising commodities in that time.
The ATO issued a stern warning to vendors hoping to gain capital gains exemptions on properties that have served other purposes than primary homes.
Could the latest CPI increase be enough to push the Reserve Bank of Australia to increase the cash rate at its upcoming October board meeting? Hayden Groves, president of the Real Estate Institute of Australia, urged calm in light of the latest figures with other figures from the CPI indicating not all is doom and gloom.
The Victorian government’s decision to introduce a 7.5 per cent levy on short-term rental accommodation has alarmed investors in the state, with one labelling it “unfair and illogical”.
One of Australia’s leading real estate powerhouses, who placed in REB’s Top 50 Women in Real Estate, Top 50 Agents NSW and Top 100 Agents for 2023, has revealed how her unique educational background created a perfect foundation for her career.
With the Australian rental market expected to remain as volatile as the stock market, a new report from KPMG has predicted more and more Australian tenants will look to purchase homes in the coming years. How will this impact house prices?
Better Homes and Gardens Real Estate has revealed a huge expansion of its Queensland operations.
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