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A new FHB scheme is floated in NSW, a bank gives its updated 2022 forecast, and industry heavyweights throw their support behind a proptech player: 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:
NSW Premier Dominic Perrottet intends to float a plan that will see first home buyers hand over some of the equity of their property in exchange for help with the deposit.
A new report has revealed the concerning chasm that exists between Australia’s property managers and their employees – leading to heightened concerns for the turnover of property management teams across the country.
The growth of Australia’s property market is expected to flatten within months before prices start to fall later this year, according to updated forecasts from Westpac.
It has been two years since Aussies’ love for regional areas blossomed, as the latter’s appeal of more space, flexible working conditions and affordability lured city dwellers into its arms. But there are now questions about where this love affair is headed – and if it’s going to last.
The governor of the Reserve Bank has defended the central bank’s cash rate forecasting, despite increasing expectations from market that a rate rise will come sooner than flagged.
Residential rental vacancy rates are improving in NSW, according to a January 2022 report of the Real Estate Institute of NSW (REINSW).
The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said.
The property platform has added four heavyweights of Western Australia’s real estate industry to its list of backers.
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