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The power of planning, reality TV woes, and the impact of Airbnb on Australia’s rental crisis.
Welcome to 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:
1. ‘Planning is underrated’: Why it’s helped SA’s no. 4 agent thrive
Harris Real Estate property consultant and South Australia’s top five agent, Arabella Hooper, is not fazed by market performance because her “stringent” business plan propels her forward, she said.
2. Property market predictions for Spring ‘23
As the winter months fade away and the weather warms up, attention turns to the upcoming spring property market – a traditionally busy period for the real estate industry.
3. Is reality TV warping buyers’ expectations?
The nitty-gritty of property purchases may not make for scintillating viewing, but are some shows running the risk of encouraging buyers to make bad decisions by leaving out too much?
4. Airbnb and Stayz not to blame for rising rents: inquiry
The results of Queensland’s inquiry into the effects of short-term rental accommodation on long-term rental markets are in.
5. 5 suburbs where sales volumes are through the roof on SPI’s FAST 50
In a year where consumer confidence dipped under the weight of rising rates and cost-of-living pressures, these five suburbs managed to experience more sales than any other FAST 50 suburbs.
6. Westpac increases house price forecast
The major bank has revised up its house price forecast after finding that the market continues to ‘outperform expectations’.
7. Historical high for mortgage repayments projected: RBA
The Reserve Bank has lifted its projection for the amount of disposable income that will need to be dedicated to scheduled mortgage repayments.
8. ‘Mammoth’ mortgage hikes hit as fixed rates expire: Lendi Group
Borrowers yet to have their fixed-rate terms roll off are facing a minimum increase of $1,000 to monthly repayments, according to Lendi Group.
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