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Recapping the rate pause, an overseas move, and a house value lift — here are this week’s biggest headlines.
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 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. $1.3bn rental tax gap puts 1.7m landlords in ATO’s sights
As part of a regular review of returns related to rental property landlords, the Australian Taxation Office will collect residential investment property loan data on 1.7 million individuals.
2. Megabrand moves into NZ market
One of Australia’s biggest real estate brands is hopping over the Tasman Sea to launch in New Zealand.
3. Brisbane price growth has officially turned around
There is a lot to get excited about for Brisbane’s future!
4. 50% of fixed-rate loans to expire in September, Aussie warns
Aussie Home Loans has revealed that one in five mortgage holders will have their fixed-rate home loan end in the next three months.
Australia’s residential real estate value rose to $9.4 trillion in March, according to CoreLogic.
6. Rate pause was ‘always on the cards’: RBA
Instability in the global banking system did not reroute the Reserve Bank’s monetary policy path, according to the deputy governor.
7. Majors tweak terminal rate forecasts
Following the Reserve Bank of Australia’s decision to hold the official cash rate, the major banks have offered updates to their terminal cash rate forecasts.
8. The cost of being unlicensed and irresponsible: PM cops $23k penalty
A Western Australian property manager has found himself on the wrong side of the law.
9. Scathing review of REIV puts spotlight on PM wellbeing
A former member says the Real Estate Institute of Victoria is on the path to become an “ineffective outsider” and alienate property managers across the state if its current trajectory of inaction remains.
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