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The Reserve Bank of Australia makes yet another move, the government introduces an incentive for downsizers, and agent activity is again under the microscope: here are the biggest real estate news for the week ending 11 September 2022.
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
Consumer Affairs Victoria is arguing that the agent, who has a history of unprofessional conduct, should be banned from holding an estate agent’s licence.
Against a backdrop of rising inflation, Australia’s central bank has revealed its latest move.
Two new reviews being conducted by the state government that relate to the real estate sector are currently accepting commentary from the industry and consumers.
The Real Estate Institute of Australia (REIA) has launched a campaign to phase out stamp duty — a reform that the body claims will be the answer to major issues plaguing the housing market.
The institute has said Queensland’s commercial and residential property investors are in for a “rude awakening” when the state government’s latest land taxation laws come into effect next year.
Nearly three-quarters of brokers do not expect property prices to fall as far as 20 per cent, despite market forecasts suggesting otherwise.
The state’s Attorney-General is cautioning consumers to be wary of signing purchase contracts for off-the-plan properties.
An additional 12-month asset test exemption is set to be introduced to help incentivise more pensioners to downsize and free up housing stock for young families.
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