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The REIV has hit out at the Victorian Premier, the RBA reveals the first cash rate for spring, and a path out of lockdown begins to crystallise: 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.
Here are this week’s biggest stories:
Full-page ads decrying the Victorian Premier’s stance on real estate closures are being circulated across major metropolitan newspapers today, courtesy of the Real Estate Institute of Victoria (REIV).
Spring may have arrived – but has the promise of warmer weather and a path out of lockdown swayed the Reserve Bank of Australia (RBA) away from its record low cash rate?
The housing market boom and economic rebound grew loan books in the three months to June, but APRA has warned the ongoing lockdowns have made the outlook “uncertain”.
The regulator has warned the banks they have high exposure to criminal activity, while reporting cases of broker-facilitated loan fraud.
The Victorian government has announced its intentions for a more lenient policy on house inspections and construction as its lockdown continues.
Refinance levels surpassed the previous record set in 2020 to reach a new high in August 2021, according to PEXA.
As the state looks to get back to business, a number of Victorian leaders have united with the Real Estate Institute of Victoria (REIV) to deliver an important COVID-19 vaccination message.
This new state-based ranking comes at a time when property markets across Australia are seeing record-breaking results.
This month started with the short sharp lockdown throughout Brisbane, so buyer and seller activity stalled until the second week of the month.
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