Cutting through the noise – In the news

Property & Finance

AustralianSuper takes 25pc stake in build-to-rent platform 

AustralianSuper, the country’s biggest superannuation fund, has taken a stake in affordable housing developer Assemble Communities and expects to invest “a couple of hundred million” dollars annually in the company’s pipeline of homes that occupants rent for five years before buying. Buying the 25 per cent stake in the company founded by developer Kris Daff marks the fund’s first investment in a scalable housing platform… 

Total property listings increased in May

The total number of national residential property listings increased in May by 3.9% from 292,775 listings in April March 2020 to 304,137. Compared to 12 months ago, listings were down by 12.0%. The largest listings increase was in Melbourne and Sydney at 11.6% and 10.9% increase, respectively. Hobart also recorded a large increase of 7.8%. Stock over 60 days rose by 12% to 221,117 residential dwellings 


Housing values edge lower in May, while transaction activity partially recovers from a share drop in April

According to the CoreLogic Home Value Index results for May, Australian dwelling values posted their first monthon-month decline since June last year. The national index was down 0.4% over the month, with five of the eight capital city regions recording a fall in values. The reduction in values through May comes as transaction activity in the market shows more positive signs. The CoreLogic estimate of sales activity bounced back by 18.5% in May after a (revised) drop of 33% in April… 

Property market update: Brisbane May 2020 

The COVID-19 pandemic has caused fear and panic among investors in the property market as it halted economic growth across the world. However, Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos believes that the pain in the property market will be short-lived, with property prices expected to bounce back post-pandemic… 

New home sales plunge as Victoria plans stimulus 

Victoria is planning its own package to stimulate housing construction as the state faces down a recession that could see unemployment rise as high as 11 per cent. Speaking as industry figures showed new home sales in the southern state fell 12 per cent in May from April, Treasurer Tim Pallas called the federal government’s $688-million HomeBuilder package “a good first effort and every little bit helps” and said the state was planning its own measures… 


First drug proves able to improve survival from COVID-19, trial shows 

A low-cost, widely used anti-inflammatory drug has improved survival in patients with COVID-19, scientists say, the first treatment to show lifesaving promise months into the pandemic. Researchers in England say the steroid called dexamethasone reduced deaths by up to one third in severely ill hospitalised patients… 

Australia leads on economic recovery: OECD 

Australia is leading the developed world out of the pandemic-induced recession but governments must reform labour markets, tax, regulation and competition to ensure a sustained recovery, the Organisation for Economic Co-operation and Development says. In a warning to the Morrison government not to withdraw its emergency spending too quickly in September, the OECD also advised Australia to consider further stimulus to boost incomes and reduce unemployment… 

Spending on eating out, travel slowly returning to normal 

Australia’s consumer recovery is inching forward, with credit and debit card data from ANZ and Commonwealth Bank showing overall spending is now 6 per cent higher than at the same time last year. Both banks’ data show there has been a recovery in spending on services as COVID-19 related restrictions eased…. 

The age of industrialised childcare is coming to an end 

If you set out to design and fund a system of childcare that maximised the productivity and wellbeing of parents and gave children the very best start in life, modern “early childhood campuses” are not the model you’d settle upon. Fully subsidised childcare, which has been available to all families since April, is set to phase out from July. The measure was designed to keep childcare centres operational and provide hip-pocket relief to workers unable to perform their duties remotely during the pandemic… 


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