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Hot Property: The biggest stories this week

By Staff Reporter
26 November 2021 | 1 minute read
The biggest stories this week

An agency saga comes to an end, a bank predicts upcoming doom and gloom, and a number of investor suburbs come to the fore: 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:

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  1. The Agency x Magnolia saga comes to end with costs order

A judgment on costs has now been handed down in the case of MCL Pty Ltd v The Agency Group Australia Ltd (No 3) [2021] FCA 1241.

  1. CBA forecasts 10% house price drop for 2023

The Commonwealth Bank is now the most negative of the majors on property prices.

  1. Are these the top 20 places to invest in Australia right now?

A new report from ME Bank has reportedly uncovered Australia’s top 20 best places to invest.

  1. 1/4 of Australians considering buying property with ‘non-traditional partners’

A quarter of Australians are pondering whether to co-invest with their parents or friends, according to new data published by CBA.

  1. New strategy head for Ray White among 3 big corporate moves

Ray White Group has named a veteran of the network to the role of chief strategy officer while on the same day making two additional key corporate appointments.

  1. 4 reasons townhouses are gaining popularity

The booming Melbourne housing market is undergoing transformation – and it’s seeing more investors and owner-occupiers express interest in townhouses. But why?

  1. Housing affordability down 15.6%: Bluestone

National housing affordability took a greater slide in the three months to August, with an index recording a 15.6 per cent annual fall.

  1. Victorian FHB grants rise by 29.4%

The Victorian state government has dished out almost 30 per cent more grants to first home buyers year on year.

Hot Property: The biggest stories this week
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top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
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