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declining apartment pipeline offset by low density surge

Declining apartment pipeline offset by low-density surge

A leading residential development review forecasts an ongoing decline in apartments. This comes in a year where total building approvals for new apartments dropped below 40,000 for the first time since 2013, with only 34,100 new approvals in 2020.    However, low-density development site sales record strong growth with the share of total sales growing 23.1 …

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the pressures driving regional property growth

The pressures driving regional property growth

Affordability and remote accessibility are two main motivators for the exponential growth in regional real estate.  COVID-19 played a key role in the initial push towards urban fringe or regional lifestyles. This was enhanced by remote work opportunities that were emphasised by pandemic-led realities. Yet even prior to the pandemic, it’s a common misnomer to …

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budget encourages young buyers and single parents and rewards retirees

Budget encourages young buyers and single parents and rewards retirees

The Australian Federal Government’s May 2021 budget offers positive signs for first-time buyers in the real estate sector. In terms of a recap and brief overview, the budget makes allowance for an extra 10,000 places to be added to the First Home Loan Deposit Scheme. The scheme enables first-home buyers to purchase a property with …

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practise makes perfect before committing to a loan

Practise makes perfect before committing to a loan

Buyers are being warned not to succumb to temptation and borrow beyond their means. As record-low interest rates in Australia attract first-time buyers to the property market at their highest level in years, the Federal Government is relaxing the responsible lending laws in place since the global financial crisis of 2008. The free flow of …

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