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Trust account woes, the Brisbane property market surges, and delinquency concerns arise: 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:
A Milton property manager has been banned from working in the real estate industry and ordered to pay $75,000 in compensation after she pleaded guilty to stealing from clients.
Property managers would do well to stay up to date with the trends that are taking place across other industries, according to this CEO.
Brisbane has solidified its position as a property market hotspot by reaching new record highs amid the pandemic, according to a new analysis.
The central bank has refused to budge from its inflation target range and time frame to raise rates while acknowledging that less accommodative monetary policy could curb house price and credit growth.
The expected influx of travellers into NSW starting next month will give Sydney’s economy a much-needed shot in the arm, according to experts.
Theft from an agency’s trust account is once again in the headlines, further damaging the reputation of the real estate industry.
Customers of the non-major bank are now able to digitally review and sign home loan contracts and mortgage documentation.
Property appears to be front and centre of the federal government’s economic agenda, so what should the real estate industry expect from the government in terms of economic recovery and the property sector?
Mortgage delinquency rates are tipped to increase moderately over the rest of the year, with Moody’s expecting economic aftershocks to linger from the lockdowns.
It’s been nearly a decade-and-a-half since Highland Property Group hit the Sutherland Shire scene – and founder and CEO David Highland said it’s now time for a rebrand.
Mortgage Choice and Smartline will operate under one brand, effective in 2022, according to the REA Group.
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