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Multiple state lockdowns to put downward pressure on auctions

Multiple state lockdowns to put downward pressure on auctions By Bianca Dabu 22 July 2021 | 1 minute read SHARE While scheduled auction numbers appear stable for the coming weekend, CoreLogic anticipates downward revisions as Sydney, Melbourne and Adelaide sit through respective lockdowns. The latest figures from CoreLogic show that 2,153 auctions are scheduled across combined capital cities in the week ending 25 July, up from last week’s final figures at 2,097 and last year’s 1,176. Despite the current slight increase in auction volumes week-on-week, CoreLogic said the multiple state lockdowns are likely to trigger a downward revision. In Sydney, the impacts of the extended lockdown seem to have already manifested as the NSW capital stands to be the only capital city to see a lower volume of auctions over the week, with 652 homes scheduled to go under the hammer – down significantly from last week’s 769.

Western australiaNew south walesSouth australiaAustralian capital territoryBianca dabuமேற்கு ஆஸ்திரேலியாபுதியது தெற்கு வேல்ஸ்தெற்கு ஆஸ்திரேலியாஆஸ்திரேலிய மூலதனம் பிரதேசம்பியான்கா டப்பு

Low interest rates not the key driver of price growth: PIPA

Low interest rates not the key driver of price growth: PIPA By Bianca Dabu 22 July 2021 | 1 minute read SHARE While record-low interest rates are usually linked to strong property price growth, new analysis from the Property Investment Professionals of Australia revealed that prices are less dependent on the cash rate than commonly believed. With the record-low cash rate coinciding with strong market conditions, many have come to believe that low interest rates are the main driver for the exceptional price growth witnessed across the country. But, according to PIPA chairman Peter Koulizos, several other drivers exist, with many said to yield more influence on price growth than interest rates.

Bianca dabuPeter koulizosAustralian bureau of statisticsAustralian bureauபியான்கா டப்புஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்ஆஸ்திரேலிய பணியகம்

The most successful auction day in Australia revealed

The most successful auction day in Australia revealed By Bianca Dabu 21 July 2021 | 1 minute read SHARE Saturday might be the most popular day for property auctions, but it isn’t the most successful, new data has revealed. Ray White Group’s analysis on its national auction day clearance rates in the 12 months to 13 July 2021 revealed that Fridays are the most successful auction days, with a clearance rate of 91.2 per cent witnessed at 1pm on Fridays. Saturdays at 8am came in second, with a slightly lower clearance rate of 90.5 per cent. “Most auctions in Australia are held on Saturdays between 10am and 1pm, but new data from Ray White shows that looking at a midweek auction could create more competition,” Ms Conisbee said.

New south walesSouth australiaJo boothroydRay whiteBianca dabuRay white laraRay white groupWhite laraபுதியது தெற்கு வேல்ஸ்தெற்கு ஆஸ்திரேலியாராய் வெள்ளைபியான்கா டப்புராய் வெள்ளை குழு

Multiple state lockdowns to put downward pressure on auctions

Multiple state lockdowns to put downward pressure on auctions
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Western australiaNew south walesSouth australiaAustralian capital territoryBianca dabuமேற்கு ஆஸ்திரேலியாபுதியது தெற்கு வேல்ஸ்தெற்கு ஆஸ்திரேலியாஆஸ்திரேலிய மூலதனம் பிரதேசம்பியான்கா டப்பு

4 gaps in the COVID-19 support for renters

4 gaps in the COVID-19 support for renters By Bianca Dabu 20 July 2021 | 1 minute read SHARE The Tenants’ Union of NSW has called for a ‘better and permanent hardship protections’ for renters across the state following the NSW government’s announcement of a comprehensive COVID-19 economic support package. The state government last week announced the $5 billion COVID-19 support package covering renters, landlords, businesses and households. For renters, in particular, a 60-day moratorium on evictions was put in place for impacted tenants – or those who have suffered loss of income of 25 per cent and have fallen into arrears due to the pandemic. Landlords were also encouraged to provide rent relief or negotiate to reduce rents through a commitment to provide a grant of up to $1,500 or land tax reductions to eligible landlords who decrease rent for impacted tenants.

Bianca dabuJemima mowbrayRiley brookePublic healthTenant unionPublic health ordersChief health officerபியான்கா டப்புஜெமிமா மோப்ரபொது ஆரோக்கியம்வாடகைக்காரர் தொழிற்சங்கம்பொது ஆரோக்கியம் ஆர்டர்ஸ்தலைமை ஆரோக்கியம் அதிகாரி