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The biggest real estate news – the week ending 9 June 2024

By Staff Reporter
07 June 2024 | 5 minute read
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Australian house prices record another month of growth, Brisbane becomes the second most expensive city to buy, and why borrowers are holding back from seeking hardship support.

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. Brisbane takes over as Australia’s second-most expensive city

The Queensland capital has beat Canberra and Melbourne for the second-highest median dwelling value, a position it has not held since 1997.

  1. Australian home prices hit a new record

The latest figures show that home prices climbed to a fresh peak in May 2024, with the month recording a 0.3 per cent increase nationally.

  1. ‘Concerning’ number of Australians not seeking financial support: ASIC

New research has found that Australians are opting for other methods to meet debt repayments instead of reaching out for financial assistance.

  1. 1 in 8 mortgage holders have missed repayments: Survey

New research has found a “worrying” number of home owners struggling to meet their mortgage repayments.

  1. Energy efficiency mandates proposed for Victorian rentals

The Real Estate Institute of Victoria will participate in the consultation in hopes of ensuring any new regulations don’t push investors out of the market

  1. Owner-occupiers dominate established housing markets

Owner-occupier market share remained heightened during the March quarter, a major bank’s report has found.

  1. Regional relocation reignited: Why Millennials are leading the charge

Internal migration across the nation has soared in the first three months of the year, according to the latest Regional Movers Index.

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