Source: AVAA (Auctioneers and Valuers Association of Australia)
The AVAA recognises the growing integration of Artificial Intelligence (AI), including generative AI tools, into the valuation profession. While these technologies have the potential to support valuers in research, analysis, and report drafting, their use must remain consistent with professional responsibilities, ethical obligations, and the principles set out in the International Valuation Standards (IVS).
Under IVS Framework ...
Source: Courier Mail
Brisbane has begun overtaking its southern rivals but innovation will be vital to housing and moving its growing population, a "smart" cities conference has heard.
The Brisvegas economy was set to grow up to 40 per cent in the coming decade and by a whopping 70 per cent in the next 20 years according to Peter Hyland, director of prominent urban consultancy Urbis.
The population would increase by 1.2m in the coming decade and the Olympics was...
Source: Cotality
In May this year, the median house value across Brisbane surpassed $1 million for the first time on record – pushing the city into the exclusive million-dollar club alongside Sydney.The median house value hit $1,006,000 in May, up from$996,000 in the previous month and $942,000 a year prior.
In June, house values continued to move higher, with the median lifting to $1,011,000.
June also marked the ninth consecutive month that Brisbane was the second-highest house mar...
Source: CoreLogic
Australian housing values rose by 0.6% in June, marking a fifth straight month of growth following the -0.3% dip seen between November and January.
Monthly gains were recorded across almost every broad region of Australia, with Hobart (-0.2%), the only capital city or rest-of-state region to see a month-on-month fall.
The June quarter saw national home values rise by 1.4%, following a 0.9% lift through the first quarter of the year and a -0.1% decline in Q4 last year.
...
Source: Linkedin
Australia's housing market is now in a coordinated acceleration phase, with every single major market now exhibiting monthly growth rates that signal significant momentum building across the nation. Perth's 1.3 per cent monthly growth, if sustained, would deliver annual returns well above its current 11.6 per cent annual rate. Similarly, Darwin's 1.3 per cent monthly pace suggests the market is running considerably hotter than its 7.1 per cent annual figure indic...
Source: The Sydney Morning Herald
The cost of building a new house has reached a record high, and experts warn there’s little chance that prices will ease.
Labour and materials costs jumped when the pandemic began as lockdown-era stimulus of the construction industry collided with a global inflation breakout, and costs show no sign of reverting to previous levels.
The average cost to build a new house is $504,109 as of March, analysis by this masthead of ABS building approvals data...
Source: REIQ
Queensland’s rental market has started 2025 with even fewer options for tenants, as vacancy rates continue to tighten across most of the state in the March 2025 quarter, with the number of tightening regions outweighing those that eased.
According to the Real Estate Institute of Queensland’s (REIQ) latest Residential Vacancy Rate Report, released today, 24 of the 50 regions tightened, 12 held steady, and just 14 saw any relief.
The statewide vacancy rate has slippe...
Source: CoreLogic
National rent values rose 1.7% in the March quarter.
Despite the easing in demand, a shortfall in rental listings remains, with total rental listings down -22.1% compared to the levels typically seen this time of year, leading national vacancy rates to tighten to 1.6% in March.
All the capitals and rest of state regions saw both a rise in dwelling rents and an uptick in the pace of growth over the quarter.
Advertised rental supply remains relatively tight. Over the four ...
Source: Colin Biggers & Paisley
Further to our release below on 10 December 2024 regarding the Court of Appeal's decision, the High Court yesterday declined TfNSW's application for special leave to appeal. This outcome solidifies the Court of Appeal's decision setting out the steps involved in properly characterising the "public purpose" behind a compulsory acquisition.
In Brief
Further to our release below on 10 December 2024 regarding the Court of Appeal's d...
The excitement is building as delegates from around the world prepare to gather in Sydney for the highly anticipated Global Property Congress 26-29 May 2025. One of the major highlights will be the joint presentation by two of the industry’s leading minds: John Leeson and Charles Stuart.
John Leeson, renowned for his sharp insights and future-focused strategies, will open the session by challenging traditional thinking and offering bold predictions about the evolution of water entitl...
