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The biggest real estate news – The week ending 12 June

By Staff Reporter
10 June 2022 | 10 minute read
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An aggressive cash rate decision, a fall in lending, and a new housing legislation review: 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. RBA reveals June cash rate decision

Amid much speculation, the Reserve Bank of Australia has handed down its last cash rate for the 2021-22 financial year.

  1. CBA tips capital city housing to dive over 2023

The major bank has updated its Australian property forecast, stating that homes across the country’s capitals will fall by potentially 10 per cent.

  1. Brisbane clinches #10 spot on global price growth ranking

Three Australian capitals cracked the top 20 list of global cities that have recorded the strongest property price growth in residential prices over a 12-month period, according to a new report.

  1. Lenders begin hiking rates

Following the Reserve Bank of Australia’s decision to increase the cash rate by its greatest amount in over 20 years, several lenders have already begun hiking mortgage rates.

  1. New home loans sink across board over April: ABS

Owner-occupier and investor loan commitments fell over the month, affirming earlier predictions of a cooling housing market.

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  1. Tasmania’s housing legislation opens for review

Tasmania has invited the public to review its housing legislation, as it pledges to increase supply of social and affordable housing.

  1. Home prices fall at fastest rate in over 30 years

Australia’s housing boom has crashed into the wall, with a new PropTrack analysis suggesting that growth has dropped to its slowest since 1989.

  1. How a lack of BDM training can harm business growth

Business development managers (BDMs) are integral to the success and growth of a real estate office, yet their training is often lacking, according to a network’s growth and development manager.

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