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A new chief executive, the importance of borrowing power, and the real impact of rising interest rates: 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:
OBrien Real Estate has appointed a new chief executive officer to the business, marking “an exciting new chapter” for the brand.
2. Borrowing capacity ‘most important’ factor for home buyers: NAB
New NAB research has revealed that borrowing capacity is most important for buyers in regard to purchasing a new home.
3. ‘Big shock coming’: fixed-rate refinancers warned
There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.
4. New NSW tool sparks stamp duty v land tax decision-making
A new online calculator from the NSW government aims to assist first home buyers enter home ownership.
5. :Different makes industry play
The property management proptech is making a foray into the agency sector as it aims to deliver property management as a service.
6. New Double Bay leaders return LJ Hooker to prestige pocket
Alon Beran and Aaron Del Monte are set to bring “a new level of energy” to Sydney’s eastern suburbs.
7. Loan arrears rates ‘likely to increase’: RBA
A small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, the RBA has flagged.
8. Reducing housing backlog on NSW agenda
Sticking to its $2.8 billion budget commitment to housing, the Perrottet government has announced a new round of funding to fast-track delivery of the state’s housing.
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