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From a new real estate reality show to Labor’s housing pledge and an exodus of agents to the regions: 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. New details revealed for high-end real estate reality show
The name and premiere date of Australia’s own docu-reality real estate series that’s been likened to the wildly popular Selling Sunset have been revealed at a Sydney event.
2. McGrath nabs former Ray White New Zealand GM
The network has named a new head of learning and development for its franchise business, as it looks to move to a hybrid mix of online and offline learning, training and development.
3. Which lender do brokers most highly rate?
The results of the Third-Party Lending Report are in, showing which lenders brokers most rated over the past year.
4. Labor pledges to establish social housing fund
The leader of the Australian Labor Party, Anthony Albanese, has pledged to create a $10 billion housing fund to deliver 20,000 social housing properties should the party be elected into power.
5. Regions continue to outpace cities — but which areas are topping the profit ladder?
Regional markets have continued their winning streak, with property values growing at twice the pace seen across the capital cities in the last 12 months, new data has revealed.
6. Upper North Shore identities branch out with new brand
Two agents have left LJ Hooker to commence a new consolidated operation known as First National Real Estate Avenue.
7. Why this agent made the move from city to regional markets
With more buyers seeking opportunities outside the capitals, agents have now been joining the flight from metro to regional markets, leaving behind the city for country towns.
8. Non-banks and non-majors continue to lead on turnarounds
Turnaround times for broker loans lengthened at all four major banks in April 2021, but non-majors and non-banks continue to improve or maintain their decision speeds, new data shows.
9. Victorian government attempts to hijack property boom with new taxes
Ahead of this week’s state budget, the Victorian government has flagged several new tax measures targeting property investors in a move said to shore up the state’s revenue while also leaving the door open to possible negative gearing changes.
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