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Consumer spending is set to slow due to rising mortgage costs, Help to Buy gets a 2024 kick-off date, and renters make tough calls on property condition.
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:
Around 1.7 million Australian renter households could be putting up with unsuitable or unsafe properties just to put a roof over their heads, according to new analysis.
The federal government has set a timeline to launch its shared-equity home buying scheme, which was a key Labour Party election promise in 2022.
While accumulated household savings are helping cushion impact of high rates, consumer spending is set to slow as borrowers approach record-high mortgage repayments.
From January 2024, the state will have a dedicated Department of Planning, Housing and Infrastructure.
Full disclosure in property transactions is set to change the game for real estate transactions across the state, according to one tech player.
Tasmanian Premier Jeremy Rockliff has called the housing commitments made at the recent national cabinet meeting “a good result for Tasmania”.
The non-major bank has attributed its loan book growth and customer base expansion to increased broker partnerships in mainland Australia.
The federal Treasurer has addressed the criticisms aimed at union representatives being appointed to the central bank’s board.
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