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Eviction threats, a tight talent market, and an October market prediction: 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:
1. COVID-19 eviction threats land Melbourne agency in hot water
The West Melbourne business was fined for behaviour that “had the potential to bring the industry into disrepute” among multiple breaches of estate agent professional conduct regulations.
Queensland’s peak real estate body has lauded the introduction of a potential new law that it believes will make downsizing an easier undertaking for Australian pensioners and consequently alleviate the housing supply shortage.
The total value of residential dwellings in Australia fell $162.4 billion to $9.98 trillion this quarter.
EXCLUSIVE: A report has found that bank customers are more satisfied with turnaround times than those who obtained a home loan through a mortgage broker.
There’s support for an October “business as usual” 25-bp cash rate hike following Reserve Bank of Australia governor Philip Lowe’s “inflation” speech at the Anika Foundation event on Thursday (8 September), according to the CBA.
While real estate businesses are very good at managing their engagement with the market, they’re not necessarily as good at engaging and communicating with staff in the same way.
The major brokerage is embroiled in a new class actions investigation led by Shine Lawyers.
Julie Collins, Minister for Housing and Minister for Homelessness, recently labelled Australia’s homelessness crisis as “unacceptable”.
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