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Social media advertising warnings, mortgage prison, Melbourne landlord woes and agent ethics: 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:
In the eyes of consumers, real estate agents are only more ethical than Australia’s federal politicians, according to the latest edition of the Ethics Index from the Governance Institute of Australia.
APRA’s recent increases to banks’ loan serviceability expectations are intended to cool rapidly rising prices, but industry experts warn that there could be unintended consequences, including hindering investors’ ability to refinance at a lower rate.
A neobank and two fintech lenders have pointed to problem areas in the home loan process, which they believe are holding the industry back.
Don’t get pulled up by Fair Trading for accidentally breaching the law with your social posts, a real estate industry marketing expert has warned.
The network has revealed a new and wide-reaching partnership with agent marketing platform RateMyAgent.
The majority of mortgage holders are already maintaining higher loan repayments than required and won’t be shaken by a climbing cash rate, according to the Reserve Bank.
Broker clients overwhelmingly believe brokers act in their best interests and would recommend them to friends and family, new bank research has found.
Credit licensees are being asked to respond to ASIC’s new regulatory guide on how they should conduct remediations to return money owed to consumers.
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