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Hot Property: The biggest stories this week 22

04 March 2021 Grace Ormsby
The biggest stories this week

Australia’s record-low cash rate continues: Here are the biggest property stories from this week.

Here is REB’s weekly round-up of the headline stories and news that’s affecting not only for the real estate sector, but also the state of property in Australia more broadly.

To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.  

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  1. RBA reveals March cash rate

As the property market continues to go from strength to strength, the Reserve bank of Australia has revealed its cash rate decision for the month of March.

  1. Network names new property management head

An industry veteran has jumped networks to take on the head of property management role with Harcourts Group Australia.

  1. Choice, FAST, PLAN join Loan Market Group

The Loan Market Group deal to acquire 100 per cent of the three broker aggregation businesses (Choice Aggregation Services, FAST and PLAN Australia) from National Australia Bank has officially finalised.

  1. Proposed separation of ASIC/APRA oversight a ‘problem’: FBAA

The broker association has voiced “serious concerns” of splitting bank and non-bank oversight between APRA and ASIC under proposed credit reforms.

  1. Another commercial agent jumps ship in Brisbane

In another big win for Agency HQ Commercial, the independent real estate business has nabbed yet another top agent from a major network.

  1. China Desk set to service ‘imminent’ investor demand

Anticipating an influx of foreign investors from both mainland China and Hong Kong, The Agency is launching a national China Desk service under the leadership of agent Linda Wu.

  1. Central Coast’s 2261 postcode swarmed by Sydney buyers

Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand revealed.

  1. Highest and lowest vacancy rates across Australia’s cities

New data has shown which of Australia’s capital city suburbs have the highest and the lowest vacancy rates.

  1. CAFBA urges Senate to protect business lending

The broker association has called on the Senate to ensure that any changes to lending laws provide a clear delineation between consumer and business lending, to prevent any roadblocks to lending to SMEs.

  1. Here are the suburbs where it’s cheaper to buy than rent

As mortgage rates hit record lows, Aussies are increasingly wondering whether it’s cheaper to buy or rent.

Hot Property: The biggest stories this week 22
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