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Property growth is well and truly on the cards: Here are the biggest property stories this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
1. School students to study real estate
As part of a state-based curriculum reform, New South Wales high school students will have the option to learn the ins and outs of real estate as part of their Higher School Certificate (HSC).
Real estate is among 20 new virtual Vocational Education and Training (VET) courses that will become available to all NSW government high schools by 2022.
2. House prices to soar by 16% over 2 years: CBA
Analysis of lending indicators has suggested that property prices could rise more rapidly than at any point the major bank has seen before, according to a CBA economist.
3. Victorian agents ready for lockdown
With the return to stage 4 lockdown conditions in Victoria, a network CEO has said agents are well prepared to weather the newest challenge.
Thankfully, lockdown conditions have not extended beyond the five days initially proposed.
A positively geared property with high capital growth potential does not necessarily need to carry an astronomical price tag, an expert has said, with new market entrants able to land a home for under $300,000.
5. End of property bull market in sight: AMP Capital
The two key drivers of the long-term property boom may be drawing to a close, which may relieve the pressure off house prices over the longer term, according to an economist.
6. Tough times ahead for inner-city unit landlords
An economist has warned that Sydney and Melbourne’s inner-city apartment glut is showing no signs of easing.
7. National network posts 40% growth for 2020
Celebrating only its seventh year in operation, an Australian real estate group has revealed a 40 per cent increase in sales over the last 12 months.
8. Apartments v detached houses: Which should you buy?
The demand for larger properties is tipped to continue as Aussies turn their backs on apartment living out of both preference and convenience, as the COVID-19 pandemic leaves people looking for more personal space.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
