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Another RBA decision heralds in new expectations for the cash rate, while a network stakes a claim in its top franchise: 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
Younger agents could lean towards a less personal approach to customer service due to a confluence of factors, including COVID, technology, and the quiet-quitting phenomenon, an agent has said.
With just three months left in 2022, the Reserve Bank of Australia (RBA) has now handed down its first decision of the final quarter.
Perth’s rental crisis has hit a new low, as the Real Estate Institute of Western Australia (REIWA) revealed that the number of homes available for rent in the city fell to its lowest level in more than a decade.
McGrath announced it had taken a minority interest in its top-performing Central Coast franchise, in line with the group’s strategy of investing in quality businesses and partners.
Household wealth fell for the first time since the beginning of the pandemic, coinciding with cost-of-living pressures and rising interest rates.
First movers have already announced rate changes following the central bank’s October rate hike.
Macquarie expects the Reserve Bank won’t begin easing monetary policy settings until late next year and anticipates the jobless rate will rise to 4.5 per cent.
Following the RBA’s October cash rate decision, several commentators have flagged the dollar impact to borrowers.
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