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The biggest real estate news – The week ending 22 May

By Staff Reporter
20 May 2022 | 1 minute read

The election edges ever closer, the rental crisis rears its head, and the ATO sets its sights on landlords: 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:

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  1. 41.4% of income needed to service mortgage, finds report

More than two-fifths of a borrower’s income was needed to service mortgages in March 2022, after rising for the third consecutive quarter, according to new research.

  1. PM promises early super for housing

The Liberal Party has pledged to allow first home buyers to use their superannuation savings for housing deposits, but the proposal has come under scrutiny. 

  1. Super for housing scheme is ‘limited’, industry warns

The Coalition’s proposed scheme that would allow borrowers to use their superannuation for housing deposits may not help too many first home buyers, lending players have cautioned

4. New name for nationwide brand

According to the network’s chief executive, “it’s time to introduce the next chapter of our story”.

5. Why tenants have worse odds than our next PM

The odds of either Scott Morrison or Anthony Albanese winning the upcoming election is at least 10 times greater than a renter getting the keys to their own home in the current marketplace, according to new analysis.

6. ATO to crack down on rental income inaccuracies this tax time

Rental property income and deductions will be among the most scrutinised items this tax time, according to the Australian Taxation Office (ATO).

7. New REIP partnership puts power behind data

A landmark new deal has seen Real Estate Industry Partners (REIP) enter into a joint venture with data powerhouse Valocity.

8. 5 ways to better attract buyers through social media

As the property market enters new territory, there’s been a recent shift to attracting buyers rather than sellers – and agents need to be taking note.

The biggest real estate news – The week ending 22 May
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