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A rate day decision, a resignation, and an agent sent to jail for a tax rort: here are the biggest property and real estate stories from the past week.
Welcome to REB’s weekly round-up of the headline stories that are 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:
The ASX-listed network has announced that Eddie Law will be stepping down from his role with the company.
A Western Australian real estate agent has been sentenced to three years in jail over fraudulent GST claims.
“Creative financing and ownership model solutions” are needed to help more Australians afford homes, according to the shadow minister for financial services and superannuation.
Coastal towns in NSW where property values have been driven up by the high demand from sea changers could experience further property price growth, according to new research.
A marketing expert who has served stints at New York City-headquartered Compass real estate and money transfer company XE has been lured back to Australia by a megabrand.
Australia’s peak residential building association said the First Home Loan Deposit has “proven to be highly successful” and should be extended to help combat housing affordability and supply issues, announced ahead of the federal budget.
Amid speculation of rising interest rates, the Reserve Bank of Australia (RBA) has made its first cash rate call for 2022.
Regional areas have always held an allure for metro-dwelling Australians who picture leaving the city for a slower lifestyle and more affordable cost of acquiring a home.
Prime Minister Scott Morrison has acknowledged that it is “terribly hard” for people to own their own home, as house prices continue to hit new records.
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