A potential property royal commission, the continuing crackdown on NSW agents, and the capital cities among the world’s most liveable: 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.
Here are this week’s biggest stories:
This year’s global liveability score has been strongly influenced by measures taken to stem the spread of COVID-19, with cities ranked according to how successfully they dealt with the pandemic. Perhaps unsurprisingly, New Zealand and Australia dominated the top 10.
A new report is calling for a Royal Commission into Housing Future Australia, expressing the concern that Australia’s national household debt levels expose “a ticking economic time bomb”.
CreditorWatch has suggested that Australia’s economic recovery has lost some momentum, as it has tracked a 9 per cent increase in credit defaults across businesses.
It is “unacceptable” that turnaround times in branches can be measured in hours yet brokers are “waiting weeks”, according to the managing director of a mortgage broking franchise.
Glorifying agents who work hard and play hard is a thing of the past, according to a leading real estate trainer.
A tax-time mistake can be a costly one for Australian property investors, so here are some tips to help you navigate the devil in the details.
NSW Fair Trading has revealed it is continuing its blitz on the real estate profession, with fines of up to $22,000 on the cards.
Having wrapped its first month post-merger with Aussie, Lendi’s chief has given some insight into the company’s plans for the coming years.
Teachers Mutual has unveiled a new streamlined home loan portfolio, slashing its previous six offerings down to three products.
With the boom cycle expected to end eventually, a CEO is urging agents to strengthen their businesses now — while “the sun is still shining”.