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Australia’s supply of rental properties falls, Sydneysiders in the city’s south-west are revealed to be the most behind on their mortgages and new building activity eases all as a result of rate rises.
Welcome to Hot Property, REB’s weekly round-up of headline stories that are important not only for the real estate sector, but also for the state of the Australian property market as a whole.
To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:
A new report directly linked the worsening rental crisis to the Reserve Bank’s monetary policy tightening, with the rate rises named as having a hand in the reduced availability of rental properties in the market.
The south-west of Sydney has the highest home loan arrears of any capital city, according to new data from S&P Global Ratings.
While the demand for new dwellings has eased, today’s inflation data showed that new homes purchased by owner-occupiers increased over the June quarter.
Victorian Premier Dan Andrews has indicated that a forthcoming raft of policy measures could include limits on rent rises.
The current high level of rental growth is expected to ease next year, as interest rates come close to peaking and the supply of homes improves, according to an expert.
More borrowers are turning to brokers as economic uncertainty persists, NAB’s latest trend report for brokers has revealed.
The Reserve Bank of Australia has revealed the dates for its eight meetings in 2024.
In a year when price declines became a normality, these five Smart Property Investment FAST 50 suburbs bucked the national trend to report incredible price growth relative to economic conditions.
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