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Illicit trust fund activity, an analysis of the rate hike speed from the Reserve Bank of Australia (RBA), and potential solutions to Australia’s housing crisis.
Welcome back to REB’s weekly round-up of headline stories and news that are important not only for the real estate sector but also for the state of Australian property more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape. Here are the biggest stories of the week:
Doubling down on his company’s plans for an ambitious period of growth, John McGrath has shared how the network has maintained profitability post-early 2022’s “silly” property market.
The former director of a Perth-based real estate agency has been fined $2,500 and ordered to pay $1,472 in costs for depositing trust account funds into his personal account.
A national real estate brand cited new data, which may indicate that the market will “turn again in 2023”.
The central bank says it’s the level of cash rate — not the speed it’s achieved — that matters, Australian senators have heard.
Australia’s next federal budget, set to be delivered on 9 May 2023, has the potential to unlock and aid the nation’s housing problem, according to the country’s leading real estate body.
The Australian Securities and Investment Commission (ASIC) issued the two infringement notices against fintech lender Jacaranda following concerns that a repayment estimate calculator on Jacaranda’s website may have misled consumers.
In a bid to get more Tasmanians “under a roof”, the Rockliff government is offering more incentives for private property owners to become landlords.
On the back of record profits, the major bank’s latest lending data has confirmed fewer Australians are purchasing new homes.
The federal government has laid out its objectives for Australia’s $3.3 trillion superannuation.
Launched last October, Upside Realty’s altered business model is responsible for a 59 per cent increase in new agents joining, according to the agency’s director of sales, James Kirkland.
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