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The biggest real estate news – the week ending 17 March 2024

By Staff Reporter
15 March 2024 | 5 minute read
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Property prices keep rising, the argument against losing negative gearing, and the reality of retirement savings being used for house deposits.

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. The madness of removing negative gearing in a housing crisis

Recent debates on negative gearing have me reflecting on Economics 101 at the University of Otago in New Zealand.

  1. Total residential housing values near $10.4tn: ABS

Australia’s 11 million residential homes have continued to rise in value, the ABS has revealed.

  1. National median house price over $1m: REIA

A new report has found that Australia’s median house prices grew to over $1 million in the December 2023 quarter.

  1. Does real estate have an education problem?

It isn’t a lack of expertise on the part of agents that’s the problem.

  1. Growing number of Qld properties bought without mortgage

Nearly 30 per cent of residential purchases in Queensland were paid for in cash, according to new PEXA data.

  1. Sydney network heads for the hills

Manor Real Estate has acquired their first rural acreage office in a recent merger.

  1. Smart Property Investment FAST 50 2025

Presenting 50 suburbs set for growth across the coming 12 months, the Smart Property Investment FAST 50 report is back for another year.

  1. Want to raid retirement savings for a home deposit? Think again

Alarming new modelling shows that property prices could drastically rise across Australia if first home owners are granted access to their super for house deposits.

  1. Arrears to rise as repayments outpace income growth: Moody’s

Residential mortgage delinquency rates are set to continue to increase in 2024, a report has flagged.

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