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Another rate rise, acquisition talks, and a veteran calls time on his career: 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 Reserve Bank of Australia (RBA) has handed down its penultimate cash rate decision for 2022.
The agency’s director (and namesake) has revealed his retirement plans; he’ll be handing over the reins at the Victorian real estate agency group.
The value of owner-occupier mortgages dropped almost 10 per cent in September, according to the Australian Bureau of Statistics.
Tuesday’s (1 November) decision by the Reserve Bank of Australia (RBA) to raise the cash rate to 2.85 per cent, the highest in nearly a decade, will add further financial pressure to Australians.
A scheme implementation deed has revealed the potential for an alignment of PropTech Group with the multinational property technology giant.
Up to two-thirds of first home buyers will choose to pay a smaller annual property fee rather than forking out for stamp duty upfront, according to new NSW Treasury analysis.
Cash rate increases will impact consumer spending habits more than mortgage repayments and property costs, Joust has revealed.
A new program delivered by the NSW and federal governments will offer 2,000 flood-risk home owners to repair, retrofit, or have their home bought back.
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