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Victoria brings in minimum rental standards, the rising popularity of “property pals”, and alarm over NSW tax talk.
Welcome to REB’s weekly round-up of headline stories that are important to both the real estate sector and the state of the Australian property market.
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:
The Victorian government is cracking down on minimum rental standards in the wake of a concerning rise in tenant complaints.
Local councils working with the state government on its Transport Oriented Development Program have helped identify six further sites for residential construction.
Almost half of Australians think that purchasing property with someone who isn’t a spouse or partner will become common practice, ING has found.
The NSW government has said it may look to increase taxes on foreign investors in the same week it confirmed that property owners would be tapped to pay for the state’s emergency services.
The change in the debt service ratio has been “extraordinary”, according to the major bank.
Better informed consumers benefit the entire industry, which is why the Real Estate Institute of Queensland is going directly to the source.
South Australian Premier Peter Malinauskas will create a new Department of Housing and Urban Development to roll together many of the state’s existing entities to coordinate efforts.
Prices across the state are down over the past 12 months, but regional houses have recently buoyed the numbers with strong quarterly growth.
An increased number of SMEs have fallen into insolvency as growing land taxes have forced landlords to increase rent.
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