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The RBA hints at another rate hike, the Top 100 agents are revealed, and the ATO sets its sights on property.
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. How Alexander Phillips keeps a tight grip on the #1 ranking
For the past eight years, Alexander Phillips has stood at the pinnacle of the Australian property profession. So how does he continue to set the standard year after year?
2. REB reveals Australia’s top 100 agents in 2023
REB is thrilled to unveil its Top 100 Agents ranking for 2023.
3. RBA reveals another hike ‘may be required’
The central bank’s monetary policy minutes meeting for May have revealed more rate hikes could be likely as services inflation runs hot.
4. Home Guarantee spots remain vacant amid serviceability crunch
Tight borrowing capacity has resulted in plenty of spots remaining open for the government’s Home Guarantees, a broker has revealed.
5. RBA warned against knocking the Aussie economy into recession
Following the central bank’s shock decision to lift the cash rate at its May meeting, one financial expert has urged the RBA to throw caution to the wind as recession threats loom large on the horizon.
6. Property growth is dead for the next decade: Milford
EXCLUSIVE: A leading fund manager says 40 years of falling interest will not be repeated. The structural deflation that made Australians real estate millionaires is over. Get ready for a decade of little to no capital growth in housing.
7. ATO rental property focus to keep investors on their toes
An understanding of how CGT works for homes and rentals is vital, says HLB Mann Judd.
8. The 10 Australian suburbs where everyone’s looking but no one’s selling
Supply is an issue across the country, but some suburbs have it worse than others.
9. Brokers urge more lenders to scrap cashbacks
Members of the broking industry have welcomed the move by NAB and CBA to scrap cashbacks but have urged others to follow suit to ease the clawback pain.
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