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Property News Update: 20th April 2018

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20/04/2018

What's made the news this week? 

Kieran and Kevin catch up to discuss the stories that grabbed their attention this week.  Among them is a warning to Melbourne unit owners, negative rent growth (the boys ask how growth can be negative!) and they name the top 10 growth suburbs in Australia.  
 

Capital city rent growth hits a 20-year low.
New research shows capital city rental price growth between 2012 and 2017 has been the lowest in 20 years, but one property analyst says renters may soon be shocked by added price pressures as the effects of stricter regulation on Australian property investors materialises

Questions about agent selection sites
Agencies that provide real estate agent selection services should be treated the same as financial advisers and directly remunerated by the vendor, according to the Real Estate Institute of Australia (REIA).

Apartment owners warned to “get real” on asking prices.
“There is not going to be an auction today,” declared the young sales executive standing in the entrance foyer of an apartment building in Abbotsford.
It was just two minutes before a two-bedroom apartment in the block was scheduled to be auctioned on a Saturday in early April – and now the sale had been called off. (According to a market analysis released this month by Capital Economics, apartment prices in Melbourne could fall 8 per cent this year and by 4 per cent in Sydney.)

Australia’s top 10 suburbs for capital growth last year
Who doesn’t love a fairytale ending? When something or someone succeeds despite having the odds stacked against them, most people relish the feeling of pleasant surprise that comes with it.

With thanks to Real Estate Talk – the only place where you hear all Australasia’s leading property experts.

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