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Inflation moves in a promising direction, Australians spend big on holidays instead of home ownership, and Queensland’s stamp duty exemptions come under the microscope.
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. Latest on inflation – is a rate cut in the works?
The latest inflationary figures are painting a promising picture for the likelihood of a lower cash rate coming sooner rather than later in 2024.
2. Will interest rates be the biggest influence on housing this year?
Nearly three-quarters of real estate agents think rates will have the most significant influence on the housing market in 2024, according to a new survey.
3. Holidays over home ownership: Young Aussies put property on the backburner
With home prices rapidly rising over the course of last year and stock in short supply, it appears that a prime cohort of buyers are rethinking their ownership dreams.
4. Is Qld headed for a stamp duty shake-up?
Ahead of the October election, Queensland’s politicians are promising some big housing policy announcements.
5. Which state has Australia’s best performing economy?
It’s the first time this particular state has come out on top, according to the latest CommSec State of the States report.
6. Major bank handed maximum penalty for unconscionable conduct
The big four bank has been ordered to pay the maximum penalty for unconscionable conduct in relation to an interest rate swap transaction.
7. Is an east coast invasion to blame for Perth’s supply problem?
Australia’s eastern state residents have been increasingly eyeing Western Australian property.
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