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Investor woes, continuing rate climbs, and a “nail in the coffin”: 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:
A new general manager of network will lead a bolstered executive and leadership group as the brand looks to “best support” its offices and teams Australia-wide.
Mike Green, recently reappointed as the managing director of Harcourts, has offered a scathing assessment of the Australian real estate industry’s leadership.
With another 50-bp rate rise increasingly likely, one economist has warned that the Reserve Bank is putting the economy at risk.
Queensland’s controversial land tax plan is spurring investors to sell off their properties, and the prospects are grim for the country’s rental market that’s already knee-deep in a shortage crisis.
A Queensland broker is frustrated as the government’s land tax could deter investors from buying in the state as prices already soar.
Federal Treasurer Jim Chalmers and the Australian Banking Association have responded to the Optus data breach that saw millions of Australians have their personal information stolen.
Australians are flocking to the southern European country, which is offering a new program that offers citizenship to investors beyond a certain threshold.
A new report showed that Queensland lost almost a third of its rental supply over the past two years, as investors exited the market and consequently triggered the state’s ongoing rental crisis.
New emergency planning changes will urge home owners to lease secondary dwellings in Queensland over the next three years.
While the era of strong price growth has ended for Australia as a whole, Brisbane and Adelaide have emerged as the last strongholds amid the market downturn sweeping across the country.
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