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A new permit system to kick in, Parliament launches probe into housing affordability, and the Australian cities that have benefited from pandemic-induced price gains: 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. Belle Property duo nab The Block house listing
It’s only early in the season, but two Melbourne-based agency directors have been revealed as co-agents for Ronnie and Georgia’s House on the current season of The Block, “Fans vs Faves”.
2. New permit system bars property investors from going regional
The New South Wales government’s new regional permit system means that for the duration of the Greater Sydney lockdown, investors will no longer be permitted to inspect property in regional NSW as of 21 August.
3. Parliament launches housing affordability inquiry
The House of Representatives standing committee on tax and revenue has indicated its commencement of an inquiry into the affordability and supply of housing across Australia.
4. Domain to repay JobKeeper, scales up brokerage
The property listings group has committed to returning millions of dollars in JobKeeper subsidies to the government while it expands its broker business.
5. Should investors turn their attention to units?
The premium for houses over units has hit record highs, so should investors turn their gaze to units?
6. Could the COVID-19 jab become a selling tool?
Could a COVID-19 vaccination become a competitive advantage for agents? Tom Panos seems to think so.
7. Turnarounds continue to quicken
Turnarounds have improved for the fourth month in a row, with time to initial credit decision at its fastest level in over a year, according to the latest Broker Pulse.
8. 4 Aussie cities among the biggest winners in pandemic price gains
Four Australian cities have been recognised as some of the biggest winners in a global trend of pandemic-induced property price gains.
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