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The latest RBA decision, a change to lending, and plenty of spring activity for the real estate sector: 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:
APRA hopes changing the rules around how banks assess the serviceability of home loans will cool rising household debt levels.
The Reserve Bank of Australia (RBA) has made a judgment call on the cash rate for October amid a flurry of debate around lending and ever-increasing property prices.
A Melbourne real estate agent and business director has been elected as the new president of the Real Estate Institute of Victoria (REIV) for 2021-22.
The two mortgage broker associations have flagged potential risks of increasing serviceability buffers, including impacting refinancing capacity.
Universities Australia-wide have felt the pinch of the pandemic, but they aren’t the only sector struggling due to a traditional reliance on international students.
Home buyers using realestate.com.au may soon be able to generate a “financial passport” to help them understand their borrowing capacity, as part of a new partnership with Frollo.
Belle Property Sandringham is looking to up the ante once restrictions are lifted by joining forces with a duo from McGrath Estate Agents.
The value of new home loans declined by 4.3 per cent in August, as owner-occupier lending fell amid ongoing COVID-19 restrictions.
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