Preliminary clearance rate lower as volumes remain steady
The lower clearance rate this week was across a similar number of auctions week-on-week, with 1,100 capital city homes taken to auction, slightly lower than the 1,124 homes auctioned the week prior.
Victorian Government appoints CSV CEO and proposes new apartment designs
The Victorian Government has welcomed Dan O'Brien as the new CEO of Cladding Safety Victoria and is set to introduce new design standards for the outside of apartment buildings, to ensure new developments are built to a "high-quality, and improve the look and feel of local neighbourhoods."
Property Council of Australia backs the appointment of NSW Building Commissioner
Property Council of Australia welcomes the news of the newly appointed NSW Building Commissioner, David Chandler, following this month's Building Minister's Forum.
For all this increased intelligence among our youth, there is one great failing letting down the next generation of Aussies. We continue to ignore the importance of financial literacy.
The newly formed Private Office, based in Sydney and led by Sarah Harding and Kymbal Dunne will offer a residential and commercial real estate advisory team, which will advise and transact for high-net-worth clients, family offices and their advisers.
The primary drivers for the turnaround in housing market performance were Sydney and Melbourne, where values have ticked higher over the past two months, taking values 0.3% off their floor in Sydney and 0.4% higher in Melbourne.