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Musings on the state of franchising, stamp duty struggles and the raising of mortgage rates at a major bank: Here are the biggest property stories this week.
To compile this list, we consider the week’s most-read stories and the news that matters to you, and include stories that also have an impact on how you go about your business from our sister brands in the property space.
1 .Is the franchise model fractured?
A franchise director has condemned franchisors for their “stale” outlook on high-performers, which she says is punishing those agents and business owners who could be capitalising on growth.
2. To be great, just don’t be sh*t
The struggle is not selling, but rather getting the stock in the first place — and you are competing directly with every agent in your area to secure those vendors, writes Dan Argent.
3. Vic opposition vows to scrap stamp duty
The Victorian opposition party said that it would scrap the Labor government’s stamp duty tax increase on the family home if elected to power.
4. CBA lifts rates: Is this a sign of things to come?
Record-low interest rates could be a thing of the past as Australia’s largest bank begins to lift rates, despite the RBA’s ongoing “lower for longer” narrative.
5. Revealing REB’s Women in Real Estate Awards 2021 finalists
REB, with thanks to principal partner ListReady, is excited to announce the finalists across all award categories at the Women in Real Estate Awards 2021 ahead of this year’s event.
6. Home buyers daunted by pre-approval process: Aussie
More than two-fifths of all property buyers are confused about the home loan pre-approval process while over half said they missed out on a property as they did not have pre-approvals, according to a survey.
7. Property growth rates may have peaked but prices aren’t set to fall just yet
The booming property market is expected to keep growing despite the threat of rates moving earlier than expected, albeit the rate of incline is set to slow, a leading economist told sister brand Smart Property Investment.
8. Harcourts eyes off number 1 network spot
Harcourts CEO Marcus Williams has reported to the network’s business owners and teams that the group is now gunning for status as the top-ranked real estate brand in Australia.
9. Pepper Money officially lists on ASX
The non-bank lender has officially been admitted to the official list of ASX Ltd, with trading commencing on a conditional and deferred basis under the code PPM.
10. Treasurer stays firm on responsible lending repeal
Treasurer Josh Frydenberg has insisted now is a key time to wind back the responsible lending obligations, as the country recovers from the pandemic.
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