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Improper pay for a property manager, a network’s centenary growth plans, and emerging trends in the commercial sector — here are the biggest property and real estate stories from the past week.
Welcome back 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 curate this life, not only do we consider the week’s most-read stories and the news that matters most 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 stories of the week:
Nearly $18,000 in court penalties have been secured against the operators of a Western Australian real estate and business brokering company due to its “conscious decision” not to cooperate with the Fair Work Ombudsman.
With several factors clouding the market’s outlook, a new report revealed the most and least expensive suburbs across the country to help investors find clarity amidst the uncertainty.
The board of Raine & Horne Pty Limited has shared the passing of Max Raine, the group’s former chairman.
A Seymour-based agent has had her practising license cancelled for the next two years, following disciplinary proceedings at the Victorian Civil and Administrative Tribunal.
LJ Hooker Group CEO Christine Mikhael has shared that the vision is to be Australia and New Zealand’s most profitable at-scale network to lead the industry into the next 100 years.
APRA’s decision to keep the loan buffer at 3 per cent is making it even harder for mortgagors refinancing, the industry association has warned.
Building activity has continued to decline amid rising construction collapses.
Following years of strong capital value gains and low-income growth, a global commercial real estate services and investment firm is expecting a “major shift” in Australia’s commercial and residential markets due to emerging trends.
The 3.0 per cent loan serviceability buffer and existing macroprudential policy settings are “appropriate”, APRA has concluded in an assessment of its policy settings.
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