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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 3 November.
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. More than $450k in fines issued to Victorian agencies for rental offences
Since the state’s renting taskforce was established in March of this year, Victoria reported that it has fined rental providers and real estate agencies more than $450,000.
2. Back in the band; inflation hits RBA’s target
The latest CPI figures have revealed that inflation has returned to the RBA’s coveted 2–3 per cent range.
3. Qld agent convicted for $1.2m misuse of trust funds
A Sunnybank real estate agent has been convicted on two offences and now faces a nine-month term of imprisonment, suspended for two years.
4. No-fault evictions out as Victoria reveals new rental reforms
The state has announced it will move to outlaw the practice of “no-fault” evictions and cap the amount a tenant can be charged for breaking a lease.
5. Biggest ever home hunter survey reveals what Aussies want from listings
More than 13,000 property seekers responded to the survey, sharing their number one desire when perusing property listings online.
6. APRA stands by 3% serviceability buffer, many disagree
The government body has reinforced its confidence in the 3 per cent serviceability buffer, claiming it ensures stability. It seems not many agree, however.
7. New loan volumes up 16% YOY
PEXA has revealed year-on-year increases in both residential and commercial new loan volumes for the September 2024 quarter.
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