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Housing affordability at lowest level since the GFC, the Senate approves the Housing Australia Future Fund (HAFF), and when can we expect rates to drop?
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:
It was the policy stalemate which threatened to send Australians to the polls, but finally we have a conclusion to the HAFF drama after Labor agreed to a deal sending $1 billion to public and community housing that gained the Greens’ support for the policy.
After experiencing the swiftest cash rate hiking cycle in history, Australians breathed collective sighs of relief this week when two prominent economists forecast interest rates will begin receding over the first quarter of 2024.
Australia’s housing crisis is no secret. Prices soared throughout the pandemic and were only halted by significant economic headwinds. New research from the Real Estate Institute of Australia (REIA) painted a clear picture of how poorly Australian affordability has progressed in the last 15 years.
The stalemate ending policy pledges to cure the housing supply woes plaguing Australian property, but will the benefits be reaped by all?
Real estate agents’ public perception took a major hit this week, with the profession ranking bottom of any Australian occupation for ethics.
Another naughty agency down in the Victorian capital, even after the watchdog offered them a dozen warnings about their wrongdoings.
Following a lean 18 months, the value of the Australian property market rose above $10 trillion according to data from CoreLogic. But what are the key factors driving this value increase, and are they sustainable?
Find out all you need to know about the cataclysmic deal responsible for the HAFF stalemate drawing to its long-awaited conclusion.
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