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The biggest real estate news – the week ending 4 August

By Staff Reporter
02 August 2024 | 5 minute read
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A ban on no-grounds evictions, three cities see prices drop, and the cost of land across the country.

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. Will a no-grounds eviction ban spell the end of investors in NSW?

Is the Minns government’s ban on no-grounds evictions a death sentence for the rental market, or are investors’ concerns overblown?

  1. 7 Aussie suburbs dominating sales

With short days on market and strong returns, these seven suburbs are a seller’s dream.

  1. Boardroom, a breakfast bar, and biscotti: Barry Plant Eastern Group’s ‘super office’

The new 800-square-metre space is being touted as setting “a new standard in the way real estate agencies work”.

  1. 3 capital cities have declined in value in the last 3 months

Despite headline growth remaining positive over the July quarter, CoreLogic expressed that momentum has left the growth cycle.

  1. No-grounds evictions to be banned in NSW

Here’s what you need to know about the Minns government’s upcoming 2025 ban on no-fault evictions.

  1. How much does land cost across Australia? (July 2024)

As undersupply problems persist, a new report has compared the changing costs of land the country over.

  1. Aussie banks’ loan books grow over $100bn over the year

The latest data has outlined a substantial increase in loan figures, highlighting strong growth between the 2023 and 2024 financial years.

  1. Perth’s industrial market is joining the residential price gain party

Honing in on opportunities available across the region, the Real Estate Institute of Western Australia has revealed one area of the commercial property market is standing head and shoulders above the rest.

  1. Home ownership ‘key pillar’ in retirement wealth

Research has found that home ownership is perceived as the main driver of wealth in retirement among respondents.

  1. Will the 2Q24 CPI figures be enough to trigger a rate hike?

The latest quarterly inflation figures are in, now the question remains what the RBA will decide to do at its next meeting.

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