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Jail time for trust account abuse, a bank hikes its rate hike projections, and the rent freeze debate rages on.
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 Australian property more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters most to you, but we also 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:
A former Newmarket real estate agent will spend time behind bars for the mishandling of over $58,000 in trust money and other misdemeanors.
The major bank has lifted its terminal cash rate call once again after already adjusting its forecast to 4.35 per cent.
Federal housing minister Julie Collins has insisted rent caps are ineffective for solving the nation’s rental crisis.
In a bid to ensure property investors properly claim income and deductions this tax time, the Australian Tax Office (ATO) has revealed the expansion of its data-matching capability.
New research from the Institute of Public Affairs has estimated a housing shortage of over 250,000 dwellings due to a rise in overseas migration.
While the federal government’s Home Guarantees have helped 100,000 Australians purchase their own home since the program commenced, places remain available this financial year.
The head of the broker association has hit back at governor Philip Lowe’s comments that people could reduce spending and work more to go into positive cash flow.
Delivered earlier this week (13 June), the ninth state budget of the Palaszczuk government’s tenure is littered with housing promises — but is it enough?
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