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Cash rate decisions and reactions, trust account abuses, and Australia’s continued housing recovery.
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 the Australian property market 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:
The first Tuesday of the month brands with it an incredibly relieving cash rate decision from Australia’s central bank.
The trust account violations which landed this Victorian agent in a decade-long hot water were discovered and reported by an employee.
Despite economic headwinds working overtime to send property prices in the opposite direction, the national market’s continued defiance has extended into its fourth month.
Anthony Albanese was one of many prominent Australian voices who welcomed the RBA’s second cash rate pause of its monetary policy tightening cycle.
It was the talk of the town a few weeks ago, with the legislation’s failure to pass through the Senate threatening to return the public to the polls. Now, the government has stepped up their action to prevent that outcome from occurring.
A former Victorian agent has been dished up hundreds of hours of community service following mismanagement of thousands of trust account funds.
While many Australians breathed collective sighs of relief following the decision delivered earlier this week, some housing experts warned the cash pause has not diverted the Australian market into the clear just yet.
Two things in life are certain: death and taxes, according to Daniel Defoe. But several state governments have been ripping up the rule book when it comes to taxes recently, reducing the dread that some home buyers may face when it comes to taxes. Here, we cover off some of the big changes in property tax coming up.
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