RBA Update December 2024

RBA Update December 2024

Statement by the Reserve Bank Board: Monetary Policy Decision

The Senate has released its findings on Australia’s financial regulatory framework and its impacts on home ownership

A Senate inquiry calls for reforms to help first-home buyers, including changes to APRA’s lending rules and support for co-ownership lending. The report urges policies to improve homeownership access.

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Federal Parliament Legislative Changes December 2024 Update

The Albanese Government passed key bills, including incentives for build-to-rent developments, the Help to Buy scheme, and expanded anti-money laundering rules for real estate professionals.

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Key Changes in the 2024 Housing Reform Bill

The Victorian Government's 2024 Housing Reform Bill introduces new regulations for the rental market, real estate professionals, and planning processes, including stricter rent increase rules, mandatory licensing, and streamlined development approvals.

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Further proposed rental reforms risk more damage to rental market

In response to new legislation, the REIV welcomes some measures but warns that other new measures will add further strain to a rental market already under pressure.

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Real Estate Sector Raises Concerns Over AML/CTF Bill's Compliance Costs

The federal government’s AML/CTF Amendment Bill has been scrutinised by the Legal and Constitutional Affairs Legislation Committee through an inquiry.

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Off-the-plan stamp duty concessions sail through Parliament

The Victorian Government’s temporary off-the-plan stamp duty concession is expected to pass through Parliament without any amendments.

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RBA Update November 2024

Statement by the Reserve Bank Board: Monetary Policy Decision

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Victorian Government must support rental providers to avoid further damage to rental market

The REIV appreciates the Victorian Government’s intent to ensure renters are securely housed but warns its proposed changes to rental legislation will create further pressure on an already endangered rental ecosystem.

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REIV celebrates Victorian real estate industry excellence

The REIV celebrated it's annual Awards for Excellence last night. Congratulations to all the winners.

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REIV welcomes stamp duty cuts for off-the-plan units, apartments and townhouses

The Real Estate Institute of Victoria (REIV) welcomes the Victorian Government’s plan to offer stamp duty concessions on all new apartments, units and townhouses purchased off-the-plan in Victoria.

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Units and apartments in outer Melbourne suburbs rally in an otherwise stable market

Quarterly median price data from the Real Estate Institute of Victoria (REIV) showed modest price changes across the state for the period ending 30 September 2024, but outer Melbourne units and apartments bucked the trend showing considerable growth for the third consecutive quarter.

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REIV appoints Jacob Caine as President for a second term.

Jacob Caine has been reappointed as President of the Real estate Institute of Victoria (REIV) for a second term following a vote of REIV board members last night.

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Real Estate Matters - A podcast by the REIV

The REIV provides a platform for informed, expert led conversations on the topics that matter to real estate professionals and enthusiasts.

A new episode of the REIV-owned podcast will launch every six weeks. The podcast will feature interviews with property sector experts and will include guests from the REIV membership, kindred bodies, policy makers and regulators.