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The biggest real estate news – the week ending 18 August 2024

By Staff Reporter
16 August 2024 | 5 minute read
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A builder boasts boosted profits, rental bonds land agent in hot water, and rate rise fears diminish.

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. Agent banned after $21k rental bond misuse

“Bond money doesn’t belong to agents,” warned Victoria’s director of consumer affairs.

  1. Former LJ Hooker GM rejoins Ray White

Stephen Mutton is going back to his roots, with a move back into the agency space.

  1. Rate rise fears dissipate; buyer sentiment at new lows

Concerns over a potential rate hike seem to have eased, while house buying sentiment plummets to historical lows.

  1. $3bn of sales for group which sticks out in a ‘sea of sameness’

Over FY24, this national network saw significant growth, thanks to innovative business solutions.

  1. Parliament pushed to make build-to-rent changes

Proposed amendments to BTR legislation could help deliver more than 105,000 homes to national supply, according to an industry body.

  1. Bigger builder profits for FY24: Has the housing industry turned a corner?

Metricon believes that the nation’s construction crisis is coming to an end.

  1. HIA urges government to build more affordable homes

The government’s National Housing Accord is a positive step in addressing Australia’s housing crisis. However, the lack of affordable options has the HIA calling for change.

  1. Attractive auction price guides imperative in a cautious market

There’s no question about it, the current market is tricky and delicate.

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