Property Outlook

Welcome to the second edition of WBP's Property Outlook Quarterly.

Please use the links below to read this edition's articles. For the first time you are now able to make comment on the various articles presented using the blogging function at the end of each article.

Welcome to the new look and new name WBP Property Outlook Quarterly.

Please use the links below to read this edition's articles. For the first time you are now able to make comment on the various articles presented using the blogging function at the end of each article.

Past, present & future: Australia’s property markets in review

The last 12 to 18 months have challenged the way we, as individuals, as businesses, as an economy, function. The monumental global event we came to know as the GFC has driven positive change for many, while for others it has meant ruin.

In understanding where we are headed and what to expect from Australia’s property markets in 2012, it is beneficial to review where we have been.

Legislative changes mean greater transparency for property prices

By Patrick Brady AAPI - National Director

The Australian Competition and Consumer Commission put real-estate agents on notice in May following reports some agents are engaging in deceptive and misleading conduct.

The industry watchdog announced fines of up to $1.1 million for real-estate companies and $220,000 for individual agents and vendors proved to be engaging in misconduct. The move comes as part of changes to Component Pricing under the Trade Practices Act.

Changing Times

By Greville Pabst - CEO and Director

The last quarter of 2008 was, for many in property and finance markets, one of the worst trading periods they have ever experienced. Traditionally the property industry looks forward to the Spring season, epitomised by new property listings and a positive movement in stock levels. However, Spring as we know it, didn’t come in 2008 with many agents reporting stock levels and sales transactions to be down 50% on the previous year. For those who serve this industry: conveyancers, lawyers, valuers and others, this translated to a significant drop in sales volumes.

2009: A New World

By Greville Pabst - CEO and Director

Welcome to our new look WBP News! We trust that you will enjoy our new format and expanded national property commentary.

I hope everyone has had a joyous Christmas with family and a happy New Year. Most of us were glad to have said goodbye to a turbulent 2008 and welcome a year of new possibilities, but what will 2009 bring? As I return from holidays I have been bombarded with negative news of rising unemployment, heightened economic uncertainty and increasing incidence of business collapse. The good thing about being on holiday is that I did not read the newspaper! Refreshed, it is now time to tackle the New Year.