The laws of attraction: economic drivers of inter-regional migration, housing costs and the role of policies
The capacity of workers to move regions in response to local economic shocks is one key dimension of labour market dynamism which could contribute to the recovery from the COVID-19 crisis. In this context, this paper proposes articulating structural with place-based policies to help prospective...
The authors of this paper discuss the potential impact of COVID-19 on commercial property values and the issues that commercial property valuers will be facing.
Prosper Australia has prepared this policy brief to present a solution as to how state governments can provide relief and certainty to businesses, while allowing landlords to participate in economic resilience measures.
What are the effects of residential building energy performance disclosure policies on property values?
A rapid systematic review of international academic literature suggests that home buyers typically value a more energy efficient home, and when presented with easily accessible information in the form of an energy performance rating, are willing to pay more to live in one.
This paper addresses the legal frameworks and rules about what local and regional councils in New Zealand can and cannot do to adapt to the coastal hazards associated with sea-level rise and climate change.
This project, RP3039, sought to adapt the existing Liveability Real Estate Framework to develop an online “real estate knowledge” handbook for ‘moderators’ of the website developed in CRCLCL project RP3029e1 and an online Liveability Real Estate Specialist training course suitable for TAFE Sydney Students studying...
This guide from the World Green Building Council’s (WorldGBC’s) Europe network and EeMAP's partner E.ON sets out how they believe the sectors and stakeholders involved in delivering green buildings should support the growth of energy efficient mortgages.
Australia’s financial regulators have recently made a call for action to deal with climate change, with the Reserve Bank of Australia, APRA and ASIC all citing risks posed by climate change as a central concern for the economy and financial stability. This report asserts that...
The aim of this paper is to discuss the philosophy of value and valuation methods described for sustainable real estate development within its dimensions. The so-called sustainable real estate has to power the highest and best use with functionality, energy efficiency, resource intensity, environmental compatibility...
Energy efficiency delivers energy savings and therefore energy cost savings, as well as direct environmental benefits. Besides, as an indirect effect, it has smaller or larger consequences on other economic values. This report reviews current knowledge about the impact of energy efficiency improvements on the...
This study identified five Australian housing markets that could use online technology to match highly specific ‘buyers’ and ‘sellers’. The five markets considered are: swaps in public housing; disability accessible housing; low-cost private rental housing brokerage; apartment presales for low/mid income earners; and precinct-level urban...
This study looks at how short-term letting (STL) platforms like Airbnb, HomeAway and Booking.com are reshaping housing opportunity in private markets. It analyses Airbnb listing data from Sydney and Melbourne to reveal insights into the extent STL is contributing to housing affordability issues and to...
This Guidance Note provides information for foreign investors proposing to invest in Australian agricultural land, including when an acquisition of agricultural land is a notifiable action, approval processes and compliance.
This review calls for Land Information New Zealand (LINZ) to expanding its current roles and responsibilities in issues that affect the country, such as the safeguarding of national assets, the management of the Crown Estate, disaster recovery and urban development.
This study focused on the Australian private rental sector including formal rules (policies and regulation); organisations and structures; and informal rules (social norms and practices), and reviewed the sector in ten countries.
The Australian National Audit Office (ANAO) selected foreign investment in residential real estate for audit because of the extent of parliamentary and public interest in the issue, including concerns that foreign investors were not complying with foreign investment obligations and purchasing properties they were not...
Engaging the private sector in the social housing provision is a contested public policy discussion in Australia and internationally. A valuable reference case for Australia is the social housing policy in Chile, which has drifted from a traditional procurement approach, meaning that the public sector...
This research is a comprehensive analysis of the private rental sector (PRS) and explores the interplay between regulation, organisations and structures, and social norms and practices of prevailing policies. It also explores the impact of innovation and digital technology on the sector.
This research models several politically acceptable pathways to reform negative gearing and CGT so as to reduce impacts on less sophisticated property investors. Two reform models— a rental deduction cap of $5,000 and a progressive rental deduction based on income—could lead to savings of over...
This study analysed recently completed affordable housing developments across Australia to ascertain how affordable housing project costs, revenues and subsidies interact.
Reforming property taxes can help deliver a more sustainable housing system with economic and social dividends. This research proposes a nationally coordinated incremental strategy with short, medium and long-term objectives.
The Register of Foreign Ownership of Agricultural Land (the Agricultural Land Register) was established to provide greater transparency about the level of foreign ownership of Australia’s agricultural land.
This report sets out 19 recommendations for the reform of the current seller disclosure regime, including the introduction of a statutory seller disclosure regime for sales of freehold land in Queensland.