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The biggest real estate news – The week ending 13 March

By Staff Reporter
11 March 2022 | 10 minute read
Sydney Brisbane Melbourne reb
A banking giant lays out its predictions, flooding wreaks havoc across NSW and Queensland, and affordability again raises its head: here are the biggest property and real estate stories from the past week.
Welcome to REB’s weekly round-up of the headline stories and news that are important not only for the real estate sector but also for the state of property in Australia more broadly.
 
To compile this list, not only do we consider the week’s most-read stories and the news that matter to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape. Here are the biggest property stories of the week:
 
1. Hayden Groves warns ‘affordability could worsen’

The Real Estate Industry of Australia (REIA) has signalled another alarm on the state of housing affordability across the nation.

2. CBA predicts 8% property price drop in 2023

Commonwealth Bank economists are maintaining that property prices will end 2022 flat and decrease 8 per cent in 2023.

3. 20 affordable housing markets near capital city CBDs

Affordable rental properties in close proximity to the central business district (CBD) may be quite a challenge to find now that workers are encouraged to go back to the office, but new research shows several suburbs with investor potential. 

4. Qld investors implored to release holiday homes for long-term rental

An urgent appeal has gone out to investors with vacant properties in Queensland or those leasing them as holiday stays to release their homes for long-term rentals.

5. 3 Adelaide markets to keep an eye on in 2022

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South Australia’s rebranding campaign and pandemic-induced restrictions in major cities have benefited the Adelaide property market in ways it never thought could happen – a net positive migration for the first time in 30 years that could translate to a bigger pool of buyers.

6. Brisbane property market update February 2022

Despite an intense weather event, Brisbane residential property markets remained the fastest-growing capital city market throughout all of Australia throughout the months of February. It has been a whirlwind of a month.

7. Vacancy rates spiral to unprecedented lows

Australia’s national vacancy rate has just hit its lowest point in years, according to new data.

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