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Lockdowns leading to stellar sales, a change to Labor’s negative gearing stance and the promise of further COVID-19 relief: 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. ‘Very quick’ lockdown decisions land $56m worth of sales
One Sydney-based real estate agency is reaping the benefits of an aggressive approach to lockdown selling.
2. No change to negative gearing: ALP
Labor has confirmed it will not take its divisive negative gearing policy to the next federal election.
3. Raine & Horne goes rural with major partnership
The network has partnered with a major rural business to service broadacre markets across Western Australia and the Northern Territory.
4. Are the Olympics the break Brisbane’s property market has been waiting for?
The Olympics are officially headed for Brisbane, and although some 11 years away, the 2032 Olympic Games are expected to yield a positive influence on the city’s housing market conditions. But to what extent?
5. Government extends COVID support to NSW, Vic
The state and federal governments have offered support packages to businesses across NSW and Victoria, as Sydney has extended its ongoing lockdown.
6. Reality star rates highly for FY22 sales
Starring in a top-rating reality TV show has not stopped Gavin Rubinstein from breaking a network sales record this year.
7. New agent-focused brand to ‘challenge old business model’
Two former franchise leaders have banded together to establish a new business that will celebrate customers while also recognising the importance of the agent in the transaction.
8. NAB tips 19% price growth for property in 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19 per cent price growth in 2021.
9. Joust launches broker-borrower matching service
The online home loan auction platform has launched a new matching tool that connects brokers and mortgagors.
10. Millennials call for more housing regulation
A survey has revealed that almost three-quarters of Millennials said they believe the housing market needs more regulation to slow property prices.
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