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The Reserve Bank of Australia raises an alarm, real estate partnerships hit the spotlight, population growth bombs: 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:
Risks to financial stability could be building as house prices and debt levels keep rising, the Reserve Bank has cautioned.
The Commonwealth Bank of Australia (CBA) is throwing its support behind the property management business after its successful series B fundraising.
New ABS data has revealed that Australia’s population has grown by just 0.14 per cent over the past 12 months.
Reforming stamp duty, increasing housing supply and further extending home-buyer assistance would help housing affordability, according to REA Group.
With COVID-19 changing many people’s priorities, One Agency has announced it’s now offering two new services to better meet business demand.
The lifestyle shift that’s seeing many Australians trade up for properties better suited to working from home has been touted as a “race for space” by a property expert.
The big four boss has voiced some scepticism around newer players in lending and how they present their products.
Hundreds of days in lockdown haven’t stopped this network from adding to its Victorian presence in a big way.
The major bank has confirmed that its new digital home loan product, Unloan, will be “focused on digital direct distribution to start with”.
Australia just recorded its highest rate of annual price growth since 2003, at 16.4 per cent.
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