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New beginnings, new brands, new CEOs: Here are the biggest property stories this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for 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.
1. Major network drops new agency brand
One of Australia’s longest-running real estate businesses has unveiled a new brand of company-owned offices.
2. Head of network services promoted to CEO
Century 21 has revealed a new chief executive officer is taking the reins.
3. RBA makes first rate decision for 2021
The Reserve Bank of Australia (RBA) has announced the cash rate for February, after a number of cuts occurred in 2020 to cope with the COVID-19 pandemic.
4. Government to reissue unused FHLDS guarantees
The federal government has revealed that it is to reissue unused guarantees from the first tranche of the First Home Loan Deposit Scheme “in the coming days”.
A boutique real estate network’s CEO has made a move from her home in Victoria to Queensland — and taken on a “C-change” to boot.
6. Takeovers Panel rules on Magnolia bid
The Australian Government Takeovers Panel has made a declaration and final orders in the Magnolia v The Agency saga.
7. Major bank to acquire 86 400
National Australia Bank has announced that it has entered into an agreement to buy 86 400 to accelerate the growth of the group’s digital bank, UBank.
8. Why units are a bad investment
If COVID-19 has taught us one thing, it’s that units are a bad investment, a pair of self-proclaimed data nerds have revealed.
9. New ACL application process following ASIC incident
The financial services regulator has outlined its stop-gap measure for new Australian credit licence applications, as it investigates “unauthorised access” of one of its servers.
10. Top regional towns tipped for growth in 2021
It has been over 12 months since Australia’s first reported COVID-19 case, and while a lot has changed, the fundamentals of property investing remain the same, an expert has said.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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