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Agents under fire for trust account abuse, the busiest areas for residential settlements, and the best regions for yield.
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. Former agency director convicted for $1.2m trust fraud
A prominent former Hunter Valley real estate director and self-described “energetic coach” has been convicted for 11 offences.
2. 5 land lots snagged for The Block 2025 as sustainability gets the spotlight
Plots in the regional Victorian town of Daylesford will be transformed into an ultra-sustainable, carbon-neutral community on next year’s season of the hit TV show.
3. Wingman Group adds to PM prowess
Rebecca Berry has been revealed as the latest addition to the Wingman Group.
4. 7 locations leading the surge in residential settlements
Residential property market spending has risen to $585.6 billion in FY24, a 12.6 per cent increase year-on-year, an industry report has revealed.
5. New loan volumes increase by 6% YOY
A report has revealed an increase in new loans issued over the last 12 months as refinancing volumes continue to dwindle.
6. 10 Perth suburbs that saw more than 30% price growth in FY23–24
Most of the suburbs saw properties snapped up in eight days or less, pointing to the competitive nature of the local market.
7. What are Australia’s best regions for rental yield?
Some regional markets are offering investors better bang for their buck than their metropolitan counterparts, according to new data.
8. Brisbane agent jailed after stealing $1.4m from clients
The agent fraudulently withdrew money from trust accounts to fund his gambling habit.
9. Risk of rate hike high after data points to tight labour market
The labour market continues to be tight, keeping the risk of another rate hike high. However, market pundits are conflicted on what the RBA’s next move will be.
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