With the “Implied Habitability Guarantee” we know that owners in California and other states are not required to provide air conditioning to their rental property. As a rule, if the owner provides air conditioning and/or heating as a comfort in his rental property, he is responsible for repairing it and paying for the associated costs. … Continue reading Air-conditioning mandate in rental properties
Sydney highest property price hikes
The Sydney property market is seeing its biggest quarterly growth in almost three decades, with the median home value in Sydney now reaching a staggering $1.31 million. Property prices in Sydney rose by 6.3% in the last quarter and the Sydney auction market remains strong, surpassing 90% of auctions in many parts of the city.… Continue reading Sydney highest property price hikes
Banks predict property prices will fall around 10 percent in 2023
One of Australia’s largest banks, Australia, expects property prices to fall by around 10% in 2023 as looming interest rate hikes threaten to derail the market. Economists at both banks are forecasting a 10% drop in house prices next year on the back of an expected hike in interest rates by the Reserve Bank. Economists… Continue reading Banks predict property prices will fall around 10 percent in 2023
First 3D-print house in Melbourne
Construction company Luyten 3D has unveiled what is believed to be the first 3D printed house in the Southern Hemisphere. The first ever 3D printed house in the Southern Hemisphere was built in a manufacturing warehouse in Melbourne in just three days. In 2020, the German company PERI built the first 3D printed house in… Continue reading First 3D-print house in Melbourne
10 most demand regional property hotspots in 2022
Hotspotting real estate meteorologists have named the top 10 places to buy property across Australia in 2021 and beyond, with long-term capital gains expected in each. As always, there are more real estate markets in Australia, but in general, a sharp increase in property values is expected throughout 2021. Although in 2021 the total value… Continue reading 10 most demand regional property hotspots in 2022