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The biggest real estate news – the week ending 18 February 2024

By Staff Reporter
16 February 2024 | 10 minute read
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Client fund misuse, a warning to Sydney’s grandparents, and a bull rider taking on the real estate ring.

Welcome to REB’s weekly round-up of headline stories that are important to both the real estate sector and the state of the Australian property market.

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. Conveyancer caught up in $4.6m client fund misuse saga

Victoria’s consumer affairs watchdog has revealed it is taking disciplinary action against an Avondale Heights conveyancer for the alleged misuse of client funds.

  1. Are Sydney’s sky-high housing costs making it too hard to have a family?

Residents in their child-raising years are leaving the capital in droves, according to a new report from NSW’s Productivity Commission.

  1. The bull rider who swapped the rodeo ring for real estate

Jesse van Nek has had a wide-ranging career, but three qualities have always seen him come out on top: mindset, commitment and dedication.

  1. Consumer sentiment bolstered by rate decisions

New sentiment reports have shown buyers are hopeful about interest rates, which has driven a slight uplift in sentiment among home buyers.

  1. Is the federal government reconsidering its negative gearing stance?

Questions about whether Prime Minister Anthony Albanese will reopen the debate on negative gearing have emerged since changes to the stage three tax cuts were announced.

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  1. PEXA data reveals drop in loan values over CY23

The decline in median loan values has indicated a small improvement in buyer affordability, PEXA’s report has found.

  1. RBA reveals looming uncertainties around inflation forecast

The RBA has elaborated on the potential risks facing its expectations for inflation.

  1. Be a leader, not a jack-of-all-trades

A chief executive officer has underscored the paramount importance of creating a strong team when building or growing a real estate agency.

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