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The biggest real estate news – The week ending 29 January

By Staff Reporter
27 January 2023 | 5 minute read
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An updated REIA board, industry bans, and a boom in FHBs: Here are the biggest property and real estate stories from the past week.

Welcome to REB’s weekly round-up of 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:

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  1. Industry ban on the cards following agent’s trust funds misuse

Action has been taken against a former Ravenswood agent by Consumer Affairs Victoria (CAV) under the Estate Agents Act 1980.

  1. REIA confirms 2023 officeholders and board

Following its annual general meeting and appointment process, the Real Estate Institute of Australia (REIA) has publicly revealed its officeholders and board of directors for the year ahead.

  1. Inflation hits new 33-year high

Annual CPI hits its highest level since 1990, the latest ABS figures have confirmed.

  1. Thousands of FHBs register for NSW shared equity

The state’s key worker first home buyers can apply for the NSW government’s shared equity home ownership scheme following its launch.

  1. MFAA calls for BNPL to be regulated

Buy-now-pay-later products are credit and should be regulated, the MFAA has outlined in its response to the government’s consultation on BNPL.

  1. 5 new executives add weight to National Property Group

The new-look leadership team is set to bolster the experience and expertise of the data business in 2023.

  1. Australia’s most popular FHB locations revealed

A fresh batch of data from one of the big four banks has revealed the Australian postcodes most popular among first home buyers.

  1. Canada says ‘no’ to foreign buying; should Australia follow suit?

Should Australia emulate Canada’s ban on foreign investors owning property? According to this property professional, adopting the measure will not be the panacea to the Land Down Under’s housing supply crisis.

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