Login
iscover
The RBA holds the cash rate steady, the government’s hallmark housing bill returns to parliament and Australian owner-occupiers look to refinance in record numbers.
Welcome to Hot Property, REB’s weekly round-up of headline stories that are important not only for the real estate sector, but also for the state of the Australian property market as a whole.
To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:
1. RBA makes August cash rate call
Following the decision to hold the cash rate at 4.10 per cent in July, the central bank has declared that the cash rate will remain at 4.10 per cent for August.
2. PM gears up for rent cap clash as housing bill returns
The Prime Minister will bring the Housing Australia Future Fund Bill back to parliament in a last ditch effort to pass his hallmark housing package.
3. Owner-occupier refinancing sets new record
The number and value of owner-occupier refinances hit a new record high in May, with new lending also returning to growth.
4. Underquoting Victorian agents hit with $500k in fines
Dozens of Victorian real estate agents and agencies have been slapped with fines and warnings for underquoting, handed down by a taskforce cracking down on the dodgy practice.
5. CBA rolls out digital refinancing function
Borrowers can now commence and submit refinance applications online with the major bank as part of a new digital refinancing solution.
6. Perth suburbs record significant capital growth in FY23
During the latest financial year, the Perth property market achieved significant milestones, with several suburbs emerging as standout performers in terms of price growth
You are not authorised to post comments.
Comments will undergo moderation before they get published.