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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 29 September.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Here are the biggest property stories of the week:
1. Negative gearing back in the spotlight amid Treasury review
Prime Minister Anthony Albanese and Treasurer Jim Chalmers have confirmed that Treasury is exploring changes to Australia’s negative gearing and capital gains tax policies.
2. Industry warns against ‘unwise’, ‘illogical’ negative gearing moves
Amid reports that the government is considering changes to Australia’s negative gearing and capital gains policies, industry leaders are drawing attention to the potential ramifications.
3. REA Group to buy share in non-bank lender
The REA Group has agreed to acquire a 19.9 per cent interest in non-bank lender Athena Home Loans.
4. CPI now within RBA target band
New figures have revealed that inflation is now within the RBA’s 2–3 per cent target band, with energy rebates largely driving the fall.
5. Cost of living now the main barrier to home ownership
The cost of living has surpassed housing affordability as the main barrier to home ownership, according to new research from Helia.
6. In Focus: What’s driving the surge in investor lending?
Investor lending has been growing apace over the past year, with more borrowers seeking more opportunities in market and turning to brokers to access the finance to do it.
7. NSW reforms to cut rental costs and simplify pet ownership
The state’s renters could soon find it easier to own pets and pay rent without additional costs as a result of new reforms set to be introduced in Parliament.
8. WA introduces new regulations to govern short-term rentals
Perth properties will soon require DA approval to be rented on the short-stay market for more than 90 days.
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