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Labor hints at home loan affordability help, FHB supports are slammed, and McGrath caps off a strong financial half-year: 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’s proposed property equity scheme has been called “a slap in the face for first home buyers” by the Real Estate Institute of NSW (REINSW).
Rental markets may be tightening in many places, but suburbs remain where renters have somewhat of an upper hand, and according to new research, they’re all in Victoria, NSW and the ACT.
The shadow assistant treasurer has said that the ALP is “deeply concerned” with the rising cost of housing, noting that home ownership may be out of reach for some Australians.
The ASX-listed company increased its EBITDA by 60 per cent in the first half of the 2022 financial year, up to $10.6 million, placing it in a prime position to “capitalise on future growth opportunities”, according to chief executive Eddie Law.
The first phase in Victoria’s planned sweeping review of consumer laws in the property sector has launched, giving residents a platform to voice their concerns.
As Australia’s housing market begins to show clear signs of slowing, amid tightening conditions, Westpac economists are predicting a drop in house prices sooner than expected.
The state will introduce a new Social and Affordable Housing Contribution on certain developments from July 2024, it has been announced.
New data shows that net migration from capital cities to Australia’s regional areas has doubled since the start of the pandemic, even if the tide is now starting to ebb.
Between April 2018 and August 2019, a Victorian business owner allegedly caused more than $185,320 in trust account deficiencies, which he then fraudulently converted to his own use.
New research shows that voters in the real estate industry are among the most set on their preference for a Coalition government, even while their priorities diverge from other party adherents.
The cost of broker commissions is “priced into the cost of a mortgage”, the shadow financial services minister has claimed but highlighted the “value” of the channel.
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