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The areas where rents are set to surge, a step back in time, and NSW’s plan to overhaul stamp duty: 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:
With Australia’s rental crisis only set to worsen, one researcher is expecting certain suburbs to see rents surge by up to $5,000 over the coming one to two years.
Over the last two years, the Australian property market, and its booming prices, has been an investor’s dream – but not all suburbs are created equal.
A glimpse into how much the profession has changed is now on offer, all thanks to one brand’s determination to preserve the past.
NSW’s 2022-23 budget includes substantial changes to the tax code for property owners in the state, according to early commitments made ahead of the official release on 21 June.
The total worth of the nation’s residential dwellings rose by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a new high, according to the Australian Bureau of Statistics (ABS).
Banks will need to include buy now, pay later and higher education debts when reporting debt-to-income ratios to the regulator from September, APRA has said.
Economists at the major bank believe the Reserve Bank will repeat its largest cash rate increase in two decades not once, but twice more.
Australians’ ability to afford a home loan deteriorated over April, breaking a two-month spell of improvement.
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