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Key housing appointments confirmed, house prices begin to lag, and why granny flats are causing grief: here are the biggest property and real estate stories from the past week.
Welcome to REB’s weekly round-up of the headline stories and news that are important not only for the real estate sector but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matter to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape. Here are the biggest property stories of the week:
Complaints relating to granny flat rentals are up in NSW, as a tightening vacancy rate encourages property owners to leverage a secondary dwelling on the competitive market.
Australia’s new Prime Minister Anthony Albanese has revealed his full cabinet, appointing a member of parliament from the state facing some of the most extreme housing challenges to lead the housing and homelessness portfolio.
The property management payment platform has had a successful fundraising round to coincide with the appointment of one of its co-founders to the chief executive role.
The state’s Treasurer has unveiled his government’s vision for housing across Tasmania, pledging further support to spark ownership and supply.
The central bank should have raised the official cash rate earlier than May given rising inflation, according to economist Stephen Koukoulas.
Perth’s dwelling values hit a new record high in April, marking a recovery in the city’s property prices that was almost eight years in the making.
The shortage of affordable housing suitable for older people is worsening, fuelling the need for more alternative housing and finance options.
Skyrocketing house price growth appears to have faltered, after prices fell nationally in May, as the cost of borrowing rises.
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