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Real Estate and Property Market News

The latest real estate and property market news from our team of real estate industry leading professionals

Eligible residential tenants impacted by COVID-19 who can’t meet their residential rent payments are protected from eviction until 11 September 2021. After September 11, landlords can take termination action for rent arrears if their tenant have not entered into an agreement with them to vary their rent.
As the lockdown continues across Sydney, landlords are able to access support for rent reductions granted to their tenants over the two months from July 14. The financial support by the NSW government is capped at the amount of rent reduction that is passed onto their tenants, or $3000, whichever is lower.
The whole of NSW is now under "stay at home" orders. You must stay at home unless you have a reasonable excuse to leave. You cannot have visitors to your home, including family and friends. Please follow the rules and stay at home. NSW has had a significant increase in COVID-19 community transmissions!
Covid-19 across the country is causing concern. Almost 16 million Australians were in lockdown recently, which suggested possible economic consequences, yet house prices around Australia have continued to increase.
Brisbane to host 2032 Olympics! -Saturday, 7 August 2021
Brisbane won the bid to host the 2032 Olympics, which should give home buyers and investors some strong property gains.
The CoreLogic Quarterly Rental Review for June suggests that paying a mortgage is now cheaper than paying rent on approximately 36% of Australian properties. This is higher than before COVID which was approximately 33%.
Tenants across NSW will receive a 60-day eviction ban, while both residential and commercial landlords can apply for financial assistance to reduce their tenants’ rental payments.
The NSW Government has extended the COVID-19 lockdown. COVID-19 is spreading fast. So Stay safe, and stay at home. Restrictions are up to 11.59pm Friday 16 July From 6pm on Saturday 26 June to 11.59pm Friday 16 July, the stay at home direction applies to people who live in, usually work in, or usually attend a university or other tertiary education facility in Greater Sydney including the Blue Mountains, Central Coast, Wollongong and Shellharbour local government areas. COVID-19 is very serious. It can cause severe illness and death in people of all ages. People with COVID-19 are now in hospital in NSW. Stay at home unless leaving for an essential reason, then: > One member of the household ONLY should leave home to shop for food once each day > You may leave home to seek medical care, exercise, or for essential work and education > You can leave home to get a COVID test or get vaccinated Wear masks indoors. Protect yourself and others. Do not have visitors to your house. Do not have family visitors if they do not live at your house. Everyone in your family should get tested if anyone has COVID-19 symptoms or has come into contact with someone with COVID-19. Existing restrictions remain in place for regional and rural NSW until midnight Friday 16 July.
The Real Estate Institute of Australia [REIA] has announced the winners of the 2021 REIA National Awards for Excellence presented by realestate.com.au
The cost of long term money for banks is rising. This suggests that longer fixed-term loans to consumers are already increasing. However, a small group of lenders has continued to offer the low rates from last year.
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