Why Airbnb is contributing to the sharp rise in rents More property investors are renting out their homes through Airbnb and similar platforms, which is reducing the number of properties in the long-stay rental market and pushing up rents, according to a new report. The Real Estate Institute of Australia (REIA) in its ‘Short Stay … Read more
Albanese govt reforms first-home buyer program The federal government has made it easier for first-home buyers to access the First Home Super Saver Scheme. Previously, if first-home buyers wanted to use the scheme, they had just 14 days to request a release of savings after entering into a contract. That has now been extended to … Read more
Consumers snapping up cars in “unprecedented” numbers Australian car buyers have set their second consecutive monthly record. After consumers purchased 96,859 new vehicles in July – the highest number ever for July – they followed up by purchasing 109,966 new vehicles in August – a record for the month, according to the Federal Chamber of … Read more
