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The biggest real estate news – The week ending 25 June

By Staff Reporter
23 June 2023 | 10 minute read
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Rent cap discussion resumes, reflections on the latest rate rise, and investment into property managers.

  1. Victorian government bends knee to Greens, considers rent caps

In a desperate bid to gain support from the Greens for tax reforms included in the state’s upcoming budget, the Andrews government is heavily considering several renter safeguards, including rent caps.

  1. Former Victorian agent jailed for $1.6m trust account abuse

The former Torquay agent will spend time behind bars for trust account mishandling and deficiencies.

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  1. Brokers welcome SA stamp duty changes for FHBs

SA brokers have welcomed the state government’s move to scrap stamp duty for first home buyers who purchase a new home.

  1. Extended downturn could hit most mortgaged regions: CoreLogic

Higher interest rates may result in households in highly mortgaged regions feeling more pressure than others, CoreLogic research says.

  1. June rate call was ‘finely balanced’ between pause and hike: RBA

It was a close call between holding the cash rate and increasing it by 25 bps, newly released minutes from the central bank have revealed.

  1. Over 250 Aussie markets lose million-dollar status

As the property market downturn worsens, a new report reveals the country’s million-dollar club has become even more exclusive, with hundreds of markets’ membership now revoked.

  1. How the Top 100 Agents have changed since 2013

The top-performing agents across the country are selling 40 more properties per year than they did a decade ago, new analysis has unveiled.

  1. How a major player is putting ‘significant investment’ into its PMs

Acknowledging PMs as “a leading force in the industry”, one network is ensuring it is making a real investment in its people.

  1. Labor announces $2bn social housing investment

The Albanese government has announced a new $2 billion investment aimed at delivering thousands of new social homes across the country.

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