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The hotly anticipated Top 100 Agents ranking, the May cash rate, agent ethics and the length of time it’s taking for loans to be approved are all in the news: 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. Agents rank 3rd last in new ethics and honestly poll
Real estate agents have ranked just above advertising people and car salesmen in a new online survey that measured the public perception of a number of Australian-based professionals.
The RBA has made its latest decision on interest rates as Treasurer Josh Frydenberg prepares to deliver his recovery budget next week.
3. Agent attraction on the agenda for McGrath
McGrath is looking to boost overall agent numbers, productivity and market share with a strategic new appointment.
4. Major bank makes appointment to newly created role
The major bank has made an appointment to the newly created head of specialised and private role, a part of the business banking commercial broker team.
5. The Top 100 Agents for 2021 revealed
REB, with thanks to ActivePipe, is pleased to announce the release of its Top 100 Agents ranking for 2021.
It’s the 10th year REB has published the ranking, which is considered the premier benchmark for Australian real estate professionals.
6. Automating broker loan assessments ‘on the priority list’: ANZ
The CEO of the major bank has confirmed that broker turnarounds are still taking too long, but added that the bank is focusing on digitisation and automation to speed up times.
7. Aussie-Lendi merger officially completes
The merger between major brokerage Aussie and online loan platform Lendi has officially finalised, with David Hyman taking the helm as group CEO.
8. Is it cheaper to buy than rent — and where?
New research has revealed that there are indeed dwellings in Australia that are cheaper to buy than rent (57 per cent to be exact), but where are these dwellings located?
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