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Sydney’s coastal homeowners face their property values being reduced, as the future risk of increasingly extreme weather events grows, a climate risk consultant says.  Dr Karl Mallon, director of science and systems for Sydney-based consultants Climate Risk told The Sydney Morning Herald that there are “potentially millions and millions of dollars of revaluation that has to happen in […]

Web portal Rent.com.au has joined forces with Airbnb, partnering to encourage renters to ‘try before you buy’ by test driving a new neighbourhood before signing a rental lease. With a growing number of Australians opting to rent as a conscious lifestyle choice, Rent.com.au and Airbnb have signed an agreement that would allow renters the ability […]

A continuing surge in property investment is threatening future action from the banking regulator, economists have warned. The total value of investment housing commitments increased 3.2 per cent on a seasonally adjusted basis over June, Australian Bureau of Statistics Housing Finance data shows, according to a Domain article. This followed a 5.3 per cent increase in investor housing […]

Brexit is likely to channel more foreign investors to Australia property experts say. REA Group Chief Economist Nerida Conisbee says for offshore investors looking for a safe place to park their money, Australia is coming out as a sparkling first choice in the midst of the Brexit turmoil. Despite a significant drop-off of foreign investment activity, […]

Shrewd property buyers have bagged homes for discounts of more than $1 million by targeting properties in a belt of suburbs stretching from Bankstown through Canterbury to Holroyd. Buyers in these regions negotiated average discounts of between 10 and 20 per cent off the advertised price of houses over the past year, defying skyrocketing house […]