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A landlord’s mould problem, home owners look to sell up, and mortgage stress is coming down.
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:
1. Victoria’s no. 1 agent embarks on new chapter
The agent, who also ranks number six nationally, joins Kay & Burton in a director role.
2. Unresolved mould costs landlords $5.7k
In a reminder of the obligations on landlords, an ACT tribunal has ordered Canberran landlords to pay compensation for failing to address a mould issue in their rental property within the required time frame.
3. Where Adelaide will be rezoned to build 1k new homes
Rezonings in Adelaide’s north, south and west are expected to facilitate the construction of at least 1,000 new homes.
4. 40% of home owners intend on selling within 5 years
Almost 40 per cent of Australian home owners are reportedly planning to sell a property within the next five years, with nearly one in five citing financial pressures as the reason.
5. Mortgage stress down despite Cup Day hike: Roy Morgan
Levels of mortgage stress dropped for the second consecutive month, the research company has revealed.
6. Victoria’s top performing suburbs in 2023
Welcoming “stability” for the state’s market at large, the Real Estate Institute of Victoria has revealed one area that’s running at a substantially different pace.
7. Mortgagors still expect rates to rise: Westpac
While rate rise fears have eased in January, the major bank has noted that mortgage holders still maintain a “hawkish” interest rate outlook.
8. Dwelling commencements fall to decade low
The number of new homes being built has fallen by 10 per cent to reach a new decade low, according to new data.
9. What do property managers want?
The owner of a property management firm made it her mission to find out what professionals in the field feel they need to stay in the job long-term. The results of her research surprised her.
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