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The end of financial year brought with it mergers, million-dollar properties, and a lacklustre attempt at tax reform: 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:
The newly amalgamated, independent brand will boast $5 billion in assets under management when it officially kicks things off at the beginning of next month.
Those most connected to buyers agree that while the state’s proposed stamp duty reform is a good start, the slice of buyers who it’s likely to help is even smaller than anticipated.
The proportion of Australians who completely own their property has fallen by 11 percentage points, according to the latest census data.
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes sold in the 12 months to March were snatched up with a whopping price tag of seven figures or more.
As construction industry collapses have left thousands of Australians with half-finished homes, brokers are left tending to impacted borrowers.
Knowing the facts about depreciation schedules could be a property manager’s silver bullet in growing a rent roll — especially around tax time.
Neo-lender Volt Bank is handing bank customer deposits and will exit the banking industry; it has been revealed.
A new report has revealed 20 suburbs where tenants are now in crisis mode, as they cough up more than half of their weekly income to pay the rent in markets characterised by limited housing supply and surging prices.
APRA has told the banks how they need to treat the reporting and risk management for loans under the government’s expanded Home Guarantee Scheme.
A new research showed that property owners are unlocking the equity in their homes for a range of reasons but with the same end goal: financial security and certainty.
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