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Sydney’s seeing an investor exodus, mortgage deferrals rise, and dwelling prices hit new heights: 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:
The Real Estate Institute of Victoria has finally offered its thoughts on Dan Andrews’ plan to loosen restrictions around real estate when 70 per cent of the eligible population has at least one COVID-19 jab.
Sydney’s rental vacancy rate has dropped to a four-year-low – and investor pressures are reportedly to blame.
Australia has just recorded its highest rate of annual price growth since 2003, at 16.4 per cent.
Home loan and business deferrals have escalated due to the latest COVID-19 outbreak, according to the Australian Banking Association.
Both residential property prices and the total value of residential dwellings recorded the largest quarterly rise on record, according to figures.
The price of property in Australia keeps climbing – but how does it compare with the rest of the world?
Members of Parliament are considering ways in which housing affordability can be improved, with one MP suggesting that LMI was a “rort” in need of reform.
Increasing housing supply will help combat rising prices but it’s “not a panacea”, according to a Reserve Bank economic adviser.
