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Stamp duty discussions continue, underquoting alarm bells are raised, and a real estate icon makes a move: 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:
Premier Dominic Perrottet has again affirmed his support for stamp duty reform – an issue he targeted as treasurer and which many have speculated he may act on swiftly now that he holds the state’s top job.
Consumer Affairs Victoria has revealed it is once again monitoring the real estate industry closely for signs of underquoting.
The Reserve Bank has insisted the cash rate will not increase next year, despite inflation creeping up faster than expected.
It takes a little over 10 years for the average Australian to outgrow their current home, but some suburbs far outpace the standard, hanging on to their residents for 20 years or more.
Brisbane has experienced a bumper month during October in the residential property market. Prices have really taken off, bucking the national trend, gaining momentum throughout the month.
The Eastern Suburbs icon will be taking on a joint venture with one of the city’s fastest-growing names in real estate.
Select fixed rate home loans with the major bank have increased, less than 24 hours after Westpac announced similar changes.
The standing committee on taxation and revenue has heard that Australia’s current housing affordability issues are “categorically the most significant on record”.
A young agent who has logged impressive results independently running a business out of his home for the last three years has joined forces with the network.
There is a “disconnect” between what borrowers say they want and what brokers think they want, according to new research.
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