After electronic conveyancing regulator ARNECC paused its decade-long work to facilitate interoperability in the industry and break a property settlement monopoly, two states bodies have vowed to push ahead with the reform.
The Australian president of CrowdStrike has apologised for the cybersecurity company's role in causing an outage that crippled global IT systems. Friday's outage, which hit an estimated 8.5 million Windows devices worldwide, was caused by a logic flaw in a software update sent by cybersecurity provider CrowdStrike to its customers, the company's Australian president Michael Sentonas told Sky News.
As technology evolves, so do criminals, and the government must update its infrastructure and standards to keep Australians safe, an expert has urged.
A recovery in home building is coming but will take time and is still expected to fall short of the 1.2 million national target.
Clouds are finally starting to part for Australian tenants, with rents in most major cities either falling, stalling or growing at a slower pace. Low vacancy rates have pushed advertised rents higher for several months running but the latest report from real estate platform Domain shows conditions are improving for renters.
New home lending remains far ahead of where it was a year ago despite a minor dip in May for property investors and owner-occupiers. Over the month, the Australian Bureau of Statistics logged a 1.7 per cent fall in all new housing loans, to $28.8 billion, with first-home buyer loans down the most, sinking 2.9 per cent.
The first planned mini-cities have been unveiled under a signature NSW housing policy a minister insists will enable the state to deliver on ambitious home-building goals. Tens of thousands of homes could be built near four stations as part of a blanket high-density rezoning around those and other transport hubs. Plans for the initial fast-tracked precincts were revealed on Tuesday as part of a strategy the government says will rebalance housing growth around new metro stations and existing train infrastructure.
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