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A new chief executive, a rapidly changing marketplace, and a property manager in hot water: 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 national real estate group has revealed the leader set to take its house of brands through its next phase of growth.
A new report showed that regional lifestyle areas — particularly NSW and Queensland’s trophy markets — are now losing their shine as demand continues to fizzle out.
A Victorian property manager will face Melbourne Magistrates Court over allegations that his business accepted thousands of dollars from contractors to refer them for work that never materialised.
Long-term borrowers are paying up to $70,000 more in repayments than first-time customers, according to new figures released by the broking group.
Melbourne continued its downward spiral in July, as the property values in the city recorded deeper declines during the month. But experts are also pencilling in when a potential rebound might occur for the Victorian capital.
Market shifts have been a recent cause of industry anxiety, but both historic data and current vendor attitudes show that there are many reasons to be positive about the current state of affairs.
Home loan applications continue to decline, according to the latest Equifax data.
New research has revealed the best suburbs for investors looking to enter the property market with a deposit of less than $100,000.
Ahead of the invite-only Jobs and Skills summit, the Real Estate Institute of Australia (REIA) has called on the federal government to prioritise real estate industry skill shortages that are exacerbating the housing crisis.
The “unusually busy” winter period saw property listings increase by 4.9 per cent on last year, the largest year-on-year increase in July listings since 2010.
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