Modest growth in housing market likely in 2016

Modest growth in housing market likely in 2016

While residential property prices might fall in 2016, it will be limited to less than 10% with “little significant downside risk” to the housing market, ANZ has said in its latest housing update. According to a recent Australian Financial Review article, despite the headwinds facing the housing market though the second half of 2015, ANZ […]

Bigger fines for foreign property breaches

Bigger fines for foreign property breaches

Tougher financial penalties now apply with the introduction of strict new rules around foreign property investment in Australia, according to a recent article in The Sydney Morning Herald. The Australian Taxation Office is now in charge of overseeing foreign residential property investment, with 50 compliance officers charged with investigating potential breaches of the law. According […]

Compulsory land acquisition, compensation and independent valuations

Compulsory land acquisition, compensation and independent valuations

An article published late last year revealed that the NSW government will acquire hundreds of Sydney homes and businesses to make way for future infrastructure projects like the WestConnex motorway and the Eastern Suburbs light rail extension. It’s not unusual for government entities and private enterprise to acquire land to be used for development. Land […]