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RBA closes door on rate rises for 2021, networks make new appointments, and an update on the FHLDS: 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. RBA delivers December cash rate call
For the last time in 2021, the Reserve Bank of Australia has handed down its decision on the cash rate.
2. Leading GM crosses the bridge to join rival network
A strategic appointment has landed the former Ray White Double Bay GM at Raine & Horne Lower North Shore.
3. Government to reissue unused first home buyer grants
The government will roll over more than 4,500 unused guarantees for first home buyers from the previous financial year, giving aspiring property owners a second chance.
4. Network appoints inaugural head of growth
A national network has promoted its long-time network manager into a brand new role for the brand: national head of growth.
5. Frydenberg promises to press RBA, APRA on housing
The federal Treasurer has expressed concerns at the housing market running hot, but he is not sure if APRA will take further lending interventions.
6. ANZ sued over offset account, package failures
ASIC has commenced a civil lawsuit against ANZ over failure to provide loan benefits promised with offset transaction accounts or its Breakfree package.
7. The Sydney suburbs tipped to see strong growth in 2022
A new report has identified several Sydney suburbs that are tipped to record double-digit growth in 2022.
8. Goodbye 2% as last big four bank lifts fixed rates
The National Australia Bank (NAB) has become the final big lender to raise its fixed rate loans, effectively putting an end to big four rates below 2 per cent.
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