Plans for competition in electronic conveyancing on hold
Efforts to broaden competition in the electronic conveyancing industry have been paused indefinitely. The Australian Registrars’ National Electronic Conveyancing Council (ARNECC) says issues raised by the banking industry about the Interoperability Program are “beyond the remit of state and territories to resolve”. “While reiterating their support for competition in the marketplace, state and territory ministers […]
AI being trialed to shave planning application times
Artificial Intelligence is being tested by 16 New South Wales councils as part of an $5.6million initiative to cut planning application times. The technology on trial could have saved an incredible 6,300 days wait on 500 applications already analysed as part of the preliminary AI study, according to NSW officials. While councils assess approximately […]
<strong>Real estate at “very high” risk of money laundering</strong>
Real estate is one of just a few “very high” risk industries vulnerable to money laundering, according to a new report. Criminals attracted to Australia because of its stable economy and buoyant housing market are suspected of laundering billions into the economy through property. While the AFP seized $1.1 billion in criminal assets between July […]
<strong>WA only state to see a rise in confidence among property professionals</strong>
Western Australia was the only state to see an increase in confidence levels among property professionals, according to a new report. High taxing, high spending state budgets on the east coast and interest rate concerns have impacted property industry confidence nationwide, with Victoria plunging into negative territory for the first time since the COVID-19 pandemic, […]
Aust shares dip amid European, US election uncertainty
By Derek Rose, AAP The local market has slipped amid uncertainty about elections in Europe and the United States, although a fire at a major Queensland coalmine led to strong gains for rival coalminers. The benchmark S&P/ASX200 index on Monday finished at the highs of the day, down 16.8 points, or 0.22 per cent, to 7,7507, […]
‘Not open to negotiation’: New homes face delays
By Andrew Brown and Tess Ikonomou, AAP The federal government minister tasked with delivering housing solutions has sidestepped questions on whether a place to call home should be a human right. The Albanese government will give an extra $1 billion to the states and territories to help boost housing supply as the nation faces a shortage. […]
Average Australian house price hits almost $800,000
By Amanda Parkinson, AAP It’s been another bumper year for house price growth, spelling bad news for people trying to get on the property ladder. The median cost of a home in Australia grew by $59,000 to $794,000 in 12 months, according to CoreLogic’s July report. The continued growth since February means average dwelling prices […]
Tried and true plan to build homes cheaper and faster
By Jack Gramenz in Sydney Plans to build much-needed homes in the nation’s most expensive market will draw on an old idea to deliver houses cheaper and faster. The NSW government is taking expressions of interest for a design competition to create pattern books that are hoped to accelerate housing construction by streamlining the planning […]
triConvey V9.0 Release Notes
Version 9.0 includes a host of exciting upgrades to the triConvey Desktop App and triConvey Companion Site Web App. Desktop App updates Create a Purchase matter in one click from the NSW Contract of SaleIf you have the triSearch integration enabled, you can now upload a NSW Contract of Sale from your computer to […]
Government lays foundation for social housing upswing
By Amanda Parkinson, AAP Billions of dollars in funding have been allocated to states and territories in Labor’s plan to address shortfalls in social housing and homelessness services. Labor’s nationwide plan to increase social housing is days away from starting, but will take years to put a roof over the heads of some families. The […]
