Here are the biggest property and real estate stories from the past week.
Welcome to REB’s weekly round-up of the headline stories that are 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:
New rental figures for December have shown the early impact of Omicron on the property market, according to the Real Estate Institute of NSW (REINSW).
First National has strengthened the ties of its Australian and New Zealand outfits, cementing the relationship with key leadership moves.
New research has revealed just how tight some of Australia’s rental markets have become.
The Reserve Bank’s policy decisions could face scrutiny irrespective of the upcoming election outcome, with both major parties signalling support for an independent review.
The residential property market in Sydney enjoyed considerable growth over the past year, far beyond even the most optimistic forecasts.
Significant monthly increases in rental supply have resulted in higher national vacancy rates, but the majority of capital cities in the country continue to operate as a “landlords’ market”, according to a new report.
Brisbane continues to be the fastest-growing capital city throughout all of Australia, according to CoreLogic data released on 4 January 2022.
Although APRA’s recent intervention is yet to have a sizeable impact, analysts believe the policy will contribute to slowing the big four banks’ home loan growth.