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Agency allegiances, the Sydney COVID-19 crisis, and the lifting of FHLDS price caps: 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:
1. Government puts expiry date on property boom
As part of the state budget, the NSW government has laid out its predictions for how and when the current housing boom will run out.
2. Geoff Lucas explains his The Agency x McGrath listing decision
Reflecting on the successful sale of his own mother’s home just last week, The Agency’s Group CEO has revealed to REB why agents from both his own network and McGrath Estate Agents were entrusted with the transaction.
3. 1 in 5 borrowers lies on loan applications
One-fifth of Australians have admitted to not telling the whole truth on their credit applications, with a researcher warning of consequences for lenders and their responsible lending obligations.
4. Net appoints head of broker
NextGen.Net has appointed its inaugural national head of broker partnerships.
5. Stone sets eyes on New Zealand
The CEO of Stone has revealed big plans to grow the network.
6. First home buyer hotspots revealed
Backed by government stimulus and low interest rates, first home buyers have been flocking into the market, but their buyer preferences have changed slightly.
7. Up to $150k extra value on offer for first home buyers and single parents
Acknowledging sky-rocketing property prices across Australia, the federal government has revealed new, higher price caps across the First Home Loan Deposit Scheme (FHLDS) and Family Home Guarantee.
8. Teachers Mutual targets brokers in digital bank launch
Hiver, a new digital bank to be launched under Teachers Mutual, is exploring a deal with an unnamed aggregator in the lead-up to rolling out its home loans, with brokers highlighted as key.
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