Anti-Phoenixing Decision - Creditor Defeating Disposition

Posted on 31 May 2022
Source:  AVAA The first decision under recent Anti-Phoenixing Laws has been handed down. Victorian Supreme Court Associate Justice Gardiner observed that the case had “all the classic hallmarks of a phoenix transaction” before handing down his decision. It is his opinion that assets had been transferred below market value - or best available price at the time.
Introduced under the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 and takin...

Rental crises deepens, worse yet to come

Posted on 3 May 2022
Source:  Australian Property Journal RENTAL properties are becoming less and less available, as the country’s rental crisis mounts the national vacancy rate continues to fall, reaching just 1%. According to the latest data from SQM Research, in March there were just 36,868 residential rental properties available Australia-wide, down again from February’s 43,844 and last March’s 72,446. In Sydney the vacancy rate fell to 1.6% with 12,748 vacancies, while in Melbourne ...

Qld rental market tightens further

Posted on 3 May 2022
Source:  Australian Property Journal Rental availability continues to shrink, as vacancy rates across more than half of Queensland LGAs and sub regions reached record levels in the first quarter of the year. According to REIQ’s Residential Vacancy Report for the March quarter, rental stock is fast running out in the Sunshine State, with record lows most apparent in the Tablelands Region and Southern Downs Region where vacancy rates are tightest at 0.1%. Likewise in the regional ...

Corelogic's Home Value Index continues to lose steam as the case for higher interest rates mount

Posted on 3 May 2022
Source:  Corelogic The residential property markets of Australia’s two largest cities have hit their first quarter of negative territory since the extended lockdowns of 2020. Sydney and Melbourne’s market slowdown has seen CoreLogic’s national Home Value Index (HVI) continue to lose steam through April. Housing values are still rising at the national level, however the 0.6% monthly rate of growth is the lowest reading since October 2020. Sydney and Melbourne, which h...

Australia's smallest cities drive growth in national housing values as Sydney and Melbourne decline

Posted on 6 April 2022
Source: Corelogic CoreLogic’s national Home Value Index (HVI) was up 0.7% in March, a subtle increase on the 0.6% lift recorded in February. The uptick in the monthly rate of growth was primarily driven by stronger conditions in Brisbane, Adelaide, Perth and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne. The first quarter of the year has seen Australian dwelling values rise by 2.4%, adding approximately $17,000 to the val...

East coast floods & the housing market

Posted on 8 March 2022
Source:  CoreLogic Property market performance across Australia’s east coast, particularly South East Queensland and Northern New South Wales over the past year, could be summarised as having leading price growth, increased auction activity, and favourable internal migration trends. However, the end of February was a sobering reminder of the impact of extreme weather events and climate change. 

Numerous enquiries from the industry and media have reached CoreLogic regard...

Asking rent set to jump in 2022

Posted on 22 February 2022
Source:  Toowoomba Chronicle Toowoomba's rental crisis could push the cost of rent up by more than $5000 this year as the Garden City records the second lowest volume of vacant properties in 17 years. With a population of 171,000 housed in 66,000 dwellings, an estimated 22,000 of those make up Toowoomba’s total rental pool, according to property research firm Propertyology. Analysis of the city’s rental market has found just 81 dwellings are currently being advertised ...

Migration to regional Australia more than double pre-COVID

Posted on 22 February 2022
Source: Australian Property Journal The numbers are in on the accelerated escape from the city trend, with quarterly migration from capital cities to regional areas over the past two years up 15% on the two years prior to the global pandemic. According to the latest Regional Movers Index, produced in partnership by the Commonwealth Bank and the Regional Australia Institute (RAI), the December quarter index showed net migration to the country’s regions is more than double what it was i...

Rents to rise as Brisbane vacancy rate hits 16-year low

Posted on 22 February 2022
Source: Brisbane has hit its tightest residential vacancy rate in 16 years, sitting at 1.1 per cent with just 3,878 homes available for rent, which experts warn will see rent spike. Brisbane’s fall from December’s 1.3 per cent vacancy rate meant there were about 1,000 fewer rentals available in January, with the figure also a 0.6 percentage point drop from the same time last year – amounting to 2,000 fewer vacancies. SQM Research managing director ...

Sharpened buyer intent shows signs of significant housing market shift: PropTrack Housing Market Indicators Report

Posted on 14 February 2022
Source: Buyers have hit the 2022 property market with a running start according to new data from REA Group. In January, purchaser activity reached an highest and more house hunters searched in the $1 million plus price bracket than ever before. But despite the year beginning with a bang, this year’s housing market isn’t expected to match the unparalleled year that was. REA Group’s PropTrack Housing Market Indicators Report for February s...

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