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Federal and state governments unite on housing measures, rate hikes make their mark, and agents answer to alleged offences.
Welcome to 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:
Following the national cabinet meeting of state and territory leaders, the Prime Minister stated the group has agreed on a number of collective measures to address housing pressures.
As the Reserve Bank’s decision to halt the cash rate was influenced by favourable inflation data, economists widely anticipate the bank will hold in September.
A north Queensland-based real estate agent and her company have been ordered to pay more than $13,000 in fines and compensation for trust account breaches and charging clients for unauthorised expenses.
A West Melbourne agency is facing steep potential fines of over $100,000 for allegedly trading without a licence.
CBA has said dwelling approvals could reach lows not seen since 2011, with people needing professional help “now more than ever”, according to a newly launched brokerage.
While a number of providers are continuing to use cashbacks as an incentive for borrowers looking to refinance, nearly one-third of lenders have dumped the idea, new data has revealed.
The aggregator has revealed the impact the current economic environment has had on mortgagors and prospective buyers through a recent survey.
RBA governor Philip Lowe noted that while the peak of the fixed-rate cliff had surpassed, one million borrowers are yet to transition.
The investment prospects of apartments are improving as Australians increasingly embrace life in high-rises.
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