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Predictions abound as to how long the current boom cycle will stick around, while networks continue to push ahead with growth: 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. Barry Plant brings in PM leader
The Australian real estate franchise has nabbed a “trailblazer” to take on the role of group head of property management.
2. Could real estate go cold this winter?
With the property market red-hot right now, a number of property professionals have weighed in on what may be coming in winter 2021.
3. Top yields revealed: Rents grow at fastest pace since 2007
Housing rents are rising at the fastest pace since 2007, but experts are warning that rental conditions around the country are extremely diverse.
4. McGrath expects $12m earnings boost
An ASX announcement has forecast McGrath’s FY21 financial figures in a strong light.
5. James Symond to leave Aussie
The CEO of Aussie, James Symond, is to step down from his role, marking the end of the Symond family’s leadership of the company they founded.
6. Non-major unveils new LMI offering
Gateway Bank has unveiled a Monthly Premium LMI offering to help those with low deposits access a mortgage sooner.
7. Leadership revamp leads to network changes
A New South Wales-based network has introduced a new formal leadership structure, which shakes up its C-suite and adds a number of board appointments.
8. Associations call out majors for turnaround channel conflict
The FBAA and MFAA have hit out at the major banks regarding the disparity between “time to yes” for broker-lodged loans and those written through the proprietary channel.
9. Big 4 tips price growth to slow based on 4 key reasons
Despite remaining bullish on Australia’s housing outlook, a big four bank has tipped that affordability pressures and prudential measures will cool the market in the months ahead.
10. Has the property market reached its peak?
Australian property has shown exceptional strength as it rebounds post-pandemic, with the national growth rate in March beating a 33-year record. However, some experts believe it’s all downhill from here.
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.
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