AGP Executive Report
Last update: 9 hours agoUK Housing Watch: Rightmove says June’s average asking price fell 0.6% to £376,191, the biggest June drop in 14 years, blaming wider uncertainty, an early heatwave-driven slowdown, and the World Cup pulling attention from movers. First-Time Buyer Spotlight: Erith (Bexley) is flagged as one of London’s more affordable areas, with 92% of two-bed homes within a typical first-timer budget of £426,000. Seller Pressure Signals: In Orlando, 1,347 homes have active price reductions, and 52.19% have sat 60+ days—an indicator buyers are getting leverage. Apartment Buyer Protection: Victoria’s lower house passed a defects insurance law paving the way for decennial insurance for apartment buildings, modeled on NSW’s 2022 approach. Australia Market Shift: REA research finds buyers are going farther than ever—new home buyers averaging 32km from home (up from 26km in 2024). Homebuyer Costs & Risk: Victoria data shows thousands of buyers wrongly claimed stamp duty concessions and grants over the past decade, with the state recovering tens of millions. Construction & Finance: Vistry is offering voluntary redundancy as it tightens cash and slows work to match demand.
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