The practice of conveyancers handing up to $500 kick-back payments to real estate to land work is wrong and “unethical”, says the Victorian AIC president. And she has 1,260 petition signatures to back up as a case to regulators to ban it.
REIQ has warned real estate agents of the possibility of delays and disruption to auctions of properties in strata buildings.
The laws to combat money laundering through real estate are coming and professionals in the property sector need to get themselves ready to manage the change. It’s a necessary evil but it could also be costly.
Just a small percentage of the Anti-Money Laundering-related fines handed out to UK conveyancers and lawyers are for handling the proceeds of crime.
The Housing Industry Association (HIA) latest report will be good news for government hoping to see the Housing Accord back on track.
FOMO back in the market with super competitive auctions making it feel like 2021 when rates were very low.
Meeting minutes have shed new light on the Reserve Bank's decision to hold rates steady in July, with Australia's low unemployment rate a concern for the board.
Australia's jobless rate rose from 4.1 per cent to 4.3 per cent in June, in a surprise outcome driven by a 34,000 increase in the number of unemployed people.
The 47,645 new dwelling commencement figure revealed by the Australian Bureau of Statistics is behind the 60,000 that is needed per quarter.
From households fitted with solar panels to electric car drivers and business operators, a new research centre aims to model nationwide trends in energy use.
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