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The biggest real estate news - the week ending 3 December 2023

By Staff Reporter
01 December 2023 | 5 minute read
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An ASIC ban, an unlikely crown for Sydney, and one in three homes still cheaper to buy than rent.

Welcome to REB’s weekly round-up of headline stories that are important to both the real estate sector and the state of the Australian property market.

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:

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  1. Sydney may not be the big bad wolf of property

Expensive, crowded and brutally competitive, right? According to new research, Sydney’s housing market may not be as hostile as it’s painted to be.

  1. 1 in 3 Australian homes are cheaper to buy than rent

More than one-third (or 36.3 per cent) of homes across the country are cheaper to buy than they are to rent at current prices.

  1. NSW government announces plans to fast-track low to mid-rise housing

The Minns government has announced plans to tackle housing supply issues by fast-tracking the creation of new homes.

  1. Translating soft skills into sales

Annabelle Feng, RT Edgar Boroondara director, knows that soft skills are the key to succeeding in Melbourne’s diverse housing market.

  1. Financial hardship rises for sixth consecutive quarter: NAB

The major lender has found the number of Australians who have experienced financial hardship rose to 44 per cent in Q3 2023.

  1. It now takes 10 years to save a 20% deposit across Australia

A new report has cemented what many already know to be reality: housing affordability is on the decline.

  1. ASIC heaps ban and disqualification on ex-Magnolia Group director

The former Magnolia Group director infamous for his spat with ASX-listed The Agency has been placed under a 10-year ban from providing financial services.

  1. The power of ‘knowing your landlord’ amidst the rental crisis

Urbanism researchers at the University of Sydney have launched a new creative project to reimagine the traditional power relationship between landlords and tenants.

  1. Monetary policy ‘taming the inflation beast’: CreditorWatch

The central bank’s rate hikes appear to be working as intended to mitigate inflation, CreditorWatch’s chief economist has said.

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