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A buyer backs out, another agency hits trust account woes, and overseas rental interest booms: 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:
The purchaser of a unit has been found rightfully able to cancel an almost $400,000 contract after not being informed of issues with a neighbouring owner during the course of the sale.
Property prices are set to fall by up to 5 per cent by the year’s end, with further falls of up to 10 per cent likely by December 2023, according to new analysis.
Housing has been labelled as a key driver of the revelation that Australia’s annual consumer price index has grown to a rate of 6.1 per cent.
Medium- and long-term arrivals to Australia are ramping back up, as evidenced by the jump in listings searches from overseas locations being fielded by a major property portal.
Foreign investment fees will be doubled from Friday (29 July) as part of the Albanese government’s move to deliver its housing reform agenda.
The NHFIC is calling on ANZ and Westpac to put forward proposals to join the Home Guarantee Scheme panel from 30 September.
The latest State of the States report has shown home loan commitments remained above decade averages despite the cost of living pressures.
A Perth real estate agency and its licensee have been ordered to pay a penalty of $23,000 by Western Australia’s State Administrative Tribunal for failing to lodge tenancy bonds.
The isolation of COVID-19 caused many shifts in Australians’ lifestyles, not least among them the accrual of a furry companion. But with a third of the population renting, has this had an impact on the listings landscape?
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