21% of those who don't want an EV said there are too few charging stations. Low EV charger numbers leave holidaymakers miffedAustralia has just over 3000 electric vehicle charging stations (and 6500 petrol stations). The NRMA, which manages 55 charging stations across New South Wales, reported a 50% increase in demand during the first week of January. However, State Governments are planning to roll out more charging stations to close the gap. The fast trackNSW is investing $39.4 million in the first of three rounds of Fast Charging Grants to co-fund 86 new fast and ultra-fast EV charging stations, each with four to 15 bays.
Three-month volume of new listings, nationalSo, why was the 2022 spring selling season such a lacklustre one? The pandemic warped the spring selling season during that, with ultra-low interest rates creating a buying frenzy. In 2021, listings in winter surged by 33.1%, with the spring season extending into summer. Rolling 4 week count of new listings added to the market, AustraliaNational stock turnover – rolling 12 monthsWhich markets had the best/wrong spring selling seasons? Spring selling season volumesWhere to from here?1 month ago The Property Tribune
The company announced and completed the acquisition of Fortius Funds Management. Dexus (ASX: DXS) also provided a September quarter update, the company reported rent collections were 98.6% for the September quarter. Today, Vicinity Centres (ASX: VCX) announced its quarterly results, with the company announcing a slight increase in occupancy to 98.4%. Mirvac (ASX: MGR) announced the appoint of Campbell Hanan as Mirvac’s next Group CEO & Managing Director. Eureka Group (ASX: EGH) announced the successful completion of the institutional component of its $28.2 million equity raising announced yesterday.3 months ago The Property Tribune
The $116,500 decline follows a 27.9% surge, or roughly $252,900, in the city’s dwelling values from the COVID-trough to the peak. The $116,500 decline follows a 27.9% surge, or roughly $252,900, in the city’s dwelling values from the COVID-trough to the peak. “Sydney values are now down –9.5% since 3 May, and -10.1% since peaking on 13 February this year.” Tim Lawless, CoreLogicSydney dwelling values since January 2020The daily index shows Melbourne’s values are second to Sydney’s and have fallen by 6.4% since 14 January. Darwin remains the only capital city where housing values have not trended lower, although they remain 10% below the record high in 2014. “Despite the -10.1% decline so far, Sydney home values still have a way to go before wiping out the capital gains accrued over the recent growth cycle.3 months ago The Property Tribune
Gone are the days when Rishi Sunak was prepared to open the government coffers up to see the UK through a crisis. He will be determined not to see the bond market run amok again, threatening the country’s financial stability. He is also set to style himself as a tech evangelist Prime Minister, given this record in funding tech start-ups while at the Treasury. With the medium-term fiscal plan and the crucial OBR report looming, Sunak will be mindful not to cause another gilt market horror show.”Ben Woolman, Director at Woolbro Group, commented:“Rishi Sunak must now work at pace to undo the damage that Kwasi Kwarteng’s mini-Budget inflicted on the housing market. Until then, it’s the wild west out there.”Tom Bill, head of UK residential research at Knight Frank, said:“Falling borrowing costs will support demand and transaction volumes in the UK housing market, but this should be seen in context.3 months ago Property Notify
It’s also now the only area of the UK with annual house price inflation in double figures, with an average property price of £173,587. Wales (+7.9%, average price of £220,689) and the South West (+8.4%, average price of £307,750) have seen the sharpest slowdown of annual growth (from +11.5% and +10.7% respectively). House prices in Northern Ireland are up +9.1% year-on-year, easing back from +9.7% last month, with an average property price of £185,097. It’s likely we will continue to see softer house prices but the question focuses on how hard a landing we might see for house prices. Nevertheless, for the next year we are certainly likely to see more volatility in UK house prices.”1 month ago Property Notify
The number of student enrolments, including both undergraduates and postgraduates, has increased from 2,503,010 students in 2010/11 to 2,751,865 in 2020/21. But that growth stands at 9.9%, meaning that it is a higher proportion of the student body now living in community establishments, not just a higher number. Graham Hayward, Chief Operating Officer, Housing Hand, says: “The new Census figures reflect students’ increasing preference for communal establishments. James concludes: “The result of all this is pressure on all those concerned – on universities, accommodation providers and individual students and their families. University halls, PBSA providers, HMOs and landlords in the privately rented sector will all play a key role in the future of the UK’s student housing sector.16 days ago Property Reporter
The research, undertaken in partnership with Get Living and M&G, shows that by 2032 8% of UK homes for rent will be purpose-built, up from 1.5% today. The Montague Review is widely acknowledged to have marked the birth of the modern BTR sector. A decade later, as of Q3 2022, £30bn has been invested into the BTR sector, delivering 76,800 completed homes and a further 163,400 in the planning and delivery pipeline. Local authorities are now planning more effectively for the delivery of BTR homes, with 47% of local authorities now having BTR in their housing pipelines, versus just 20% in 2017. “Over the last 10 years, institutional investment into BTR has made a significant contribution to UK housing numbers with further growth continuing year on year.3 months ago Property Reporter