In June 2020, Prime Minister Scott Morrison announced the introduction of HomeBuilder, a $25,000 grant for any new residential build or substantial renovation. Tim Stafford, head of research at WBP Group, looks at why this grant was necessary, its impact on the residential construction [...]
Have you ever read through a bank valuation and thought this valuer has no idea what they're doing. How could they have possibly arrived at that figure! While it's frustrating to receive a valuation that does not meet your expectations, keep in mind, valuers [...]
Property valuers have a reputation similar to AFL umpires. An umpire must provide an opinion based on their interpretation of a set of rules created by the AFL commission. And sometimes, they cop abuse for doing so! If you sat and watched a game [...]
Everyone wants to know – "will house prices continue rising?" To help answer this question, Tim Stafford, senior valuer and head of research at WBP Group, examines the critical factors that have got us to where we are today. While speculating on the future [...]
With Australians signing up for the Federal Government HomeBuilder program in droves, approvals for new dwellings and the subsequent lending to building them have skyrocketed – creating a residential construction boom. However, cracks are beginning to emerge on the back of timber shortages and [...]
