AGP Executive Report
Last update: 2 hours agoMarket Pressure: Australia’s central bank raised rates to an 18-year high of 4.85%, and CBA now forecasts a 14% national home-price fall from peak to trough, with declines of about 18% in Brisbane and Perth. In the UK, Foxtons investors are urging the agency to pursue takeovers and halt dividends as the property slump weighs on the sector. Housing Policy: New Zealand’s parties are offering sharply different approaches to property taxes, first-home support and rent controls, putting housing policy in focus ahead of the election. Development: Construction is underway on five Bronx projects expected to add more than 900 homes. In Saskatchewan, Kindersley has taken the first step toward allowing a former motel to become affordable housing; in Rochester, a developer paid $4.5 million for land for a planned market-rate apartment complex after an affordable project lost its funding. Property Technology: Homesage.ai launched a tool connecting AI agents to data on more than 160 million U.S. properties, including valuations, rental estimates and renovation costs.
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