Powered by MOMENTUM MEDIA
realestatebusiness logo
Home of the REB Top 100 Agents

The biggest real estate news – The week ending 19 March

By Kyle Robbins
17 March 2023 | 10 minute read
HotProperty 850x400 reb

Home buyer sentiment at a three-decade low, Mark Bouris weighs in on the RBA’s inflation target and a post-pandemic property health check.

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:

  1.   Keeping the inflation target between 2–3% is ‘alarming’: Mark Bouris

After more than 25 years, the business and finance expert believes it’s time for Australia’s central bank to update its inflation target to one he believes is more “realistic.”

  1.   Home buyer sentiment at 34-year low as spending rises

Bob Hawke was prime minister last time home buyer sentiment was as low as it currently is.

  1.   New report paints grim picture of Australia’s post-pandemic rental market

The number of available Australian rental properties is half the volume reported prior to the pandemic, according to new PropTrack research.

  1.   Post-pandemic, how healthy is Australia’s property market?

As the nation approaches the three-year anniversary of the first COVID-19-induced lockdown, CoreLogic analyses the data and poses the question: Has the market returned to normal?

  1.   ANZ hit with $10m fine

The major bank has been penalised $10 million by the Federal Court in relation to its Home Loan Introducer Program.

==
==
  1.   When will the market bottom out?

Despite CoreLogic reporting a consistent cooling of Australia’s housing market decline since the back end of last year, new research from the firm has warned that the end of the cycle may not be near.

  1.   Property market stabilisation ‘a blip’: AMP chief economist

AMP’s chief economist Shane Oliver has forecast that prices will fall further this year, stating the current stabilisation is likely just a “blip”.

  1.   Mark Bouris reckons any form of payroll tax is ‘nonsense’

The mortgage broking veteran has slammed the government for taxing businesses that employ Australians. 

You need to be a member to post comments. Become a member for free today!

Do you have an industry update?
Subscribe
Subscribe to REB logo Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.