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The REIV has a new leader, John McGrath shared some thoughts on the state of the market, and the RBA recognised Australia’s worsening mortgage debt.
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:
One of the nation’s leading property institutes, the Real Estate Institute of Victoria (REIV) elected its next president earlier this week.
He’s one of Australian property’s prominent figures, and this week John McGrath framed the Australian property market as both volatile and fragile. Comparing its current era to another economic whirlwind, the global financial crisis, Mr McGrath shared tips for buyers looking to be active in the current market.
Given the RBA’s persistent rate hiking cycle enacted over most of 2022 and early 2023, does this news come as a surprise to anyone?
One of Australia’s big four banks has offered their predictions of where property prices may venture in the coming year.
In the eyes of one prominent investor, a belief that present conditions will remain forever is misguided and limiting for investors hunting success.
One of Australia’s leading real estate agencies has bolstered its marketing team in a left-field manner. Read more about the move and decision-making behind it here.
It appears the seemingly never-ending trajectory of Australia’s rising construction costs is drawing to a conclusion. Could this be the spark for increasing stock levels?
How much did the Australian government’s housing scheme improve in the last financial year? Find that out, and much more, in this report diving into the figures provided by the National Housing Finance and Investment Corporation.
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