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The biggest real estate news – the week ending 8 September 2024

By Staff Reporter
06 September 2024 | 5 minute read
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A new CEO for one Aussie network, Airbnb weighs in on Victoria’s STR decision, and home lending competition ramps up.

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. Belle Property names new CEO

Nick Boyd has been appointed to the executive role and will now lead the Belle Property Australia, Hockingstuart and Acton | Belle Property brands.

  1. Agencies could cop $78k fines under Greens’ proposed ‘authority’

The National Renters Protection Authority could issue on-the-spot fines and remove a real estate agent’s licence to practise, among other punitive measures for rental breaches, if the Greens Party plan is adopted.

  1. NSW recoups $9m from first home buyers caught ‘gaming the system’

The state offers stamp duty exemptions and concessions for first home buyers – but only as long as they use the property as their primary residence.

  1. Melbourne is now one of Australia’s cheapest capitals – here’s why

From government policies to tax settings, a lot has been blamed for Victoria’s housing slowdown – but the real story is more complex.

  1. Airbnb gears up to fight Victoria’s short-term rental tax

The short-term rental platform expressed its “disappointment in the government’s backflip”.

  1. Home lending competition ramps up

ANALYSIS: It’s just two months into the financial year 2025 and there are already signs that this year will be a hot one for home loan competition.

  1. How are brokers helping buyers gear up for spring

Research released by Mortgage Choice has revealed that those hoping to buy a property this spring will need to get their finances ready as soon as possible.

  1. Apartment surge drives approval growth

The total number of dwelling approvals rose 10.4 per cent in July, largely driven by an increase in approvals for high-density apartments.

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