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Agency groups charter new territory, a scam hits would-be tenants hard, and the cash rate to continue climbing: 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 network has acquired a century-old Launceston business as it makes its first foray into the island state.
Scammers who hacked into a Perth western suburbs’ real estate agency’s email account were able to steal thousands from two prospective tenants.
The bank’s chief economist has pitched its latest Reserve Bank prediction, predicting another half-percentage hike next month, followed immediately by a freeze.
The group’s chief executive Andrew Coronis has questioned whether the federal government’s initiatives are enough to combat affordability.
A new team within Place Estate Agents offers amped-up support for the professionals in its network.
Brokers prepare for a surge in refinancing, following the central bank’s decision to raise the cash rate by 50 basis points.
New Queensland rental legislative reforms could have a damaging impact on the industry, according to the Real Estate Institute of Queensland (REIQ).
Australia’s initiatives to allow first home buyers to enter the market are expensive and largely benefit existing home owners, according to a new report.
The bank has tipped inflation to have increased over this year’s second quarter, naming housing as a major contributor to the bump.
The major bank has announced emergency grants of up to $1,000 will be available to customers impacted by the widespread flooding across NSW.
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