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No-cause evictions in Canberra, a new CEO, and forecasts for the RBA’s movements in April.
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:
Years in the making, the ACT’s law banning no-cause evictions has officially faced a parliamentary vote.
State Premier Annastacia Palaszczuk has reportedly pledged to address the possibility of implementing a rental cap at a “meeting of government, industry, and advocacy groups next week.”
RBA members agreed on 7 March to consider a pause at next month’s meeting.
Andrew Coronis will be relinquishing the reins of the chief executive position, marking “a significant milestone” for the future of the group.
The Sydney market may have been falling, but that hasn’t stopped several Sydney suburbs from bucking the trend in a big way.
Mark Bouris has called on the federal government to allow astute borrowers ahead of their repayments to switch to interest-only payments to stimulate the property sector.
The surge in new fixed-rate loans written during the pandemic may cause the Reserve Bank to lift rates more aggressively due to a significant lag in the impact of monetary policy.
The state’s peak real estate body believes the Perrottet government’s decision to implement the ban has been counterproductive to date.
Research conducted by AHURI has found that a large number of young homeowner hopefuls are expected to rely on the bank of mum and dad.
The Property Council of Australia believes attracting global investment is essential if Australia is to address issues of affordable housing supply.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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