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The biggest real estate news – the week ending 31 March 2024

By Staff Reporter
28 March 2024 | 10 minute read
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A major network sale, a crackdown on Victorian rentals, and an ATO investigation into residential and commercial property.

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. Knight Frank and Bayleys enter McGrath acquisition talks

John McGrath has called the potential alignment “a marriage made in heaven”.

  1. Nearly 90% of Aussie markets have seen prices leap

The national median home price has jumped a whopping 8.9 per cent since last February to hit an all-time high.

  1. Embracing the new possibilities of agency operations

In an industry beset by change, taking on new mindsets and technologies can better help businesses to thrive.

  1. Brokers see surge in tiny home demand

More Australians are looking at funding tiny homes, however, securing a loan has proved difficult for some, brokers have revealed.

  1. ATO investigating 16.5k SMSFs over valuation compliance

More than 16,500 SMSFs are being scrutinised by the Australian Taxation Office as they allegedly reported certain classes of assets at the same value for at least three income years.

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  1. Seasoned coach appointed at Harcourts Tasmania

A new performance coach has arrived to inspire success among the network’s members in Australia’s southernmost state.

  1. New taskforce set to stamp out ‘dodgy’ Victorian rentals

Aiming to send “a clear message to rental providers”, the state is putting $4 million into a team to crack down on those breaking tenancy laws.

  1. ‘Shrinkflation’ hits kitchen and bathrooms renovation market

The cost-of-living crisis and higher construction costs are leading to smaller kitchens and less bathrooms in new builds and renovations.

  1. Mortgage stress up despite no rate rise: Roy Morgan

Borrowers at risk of stress hit another record high in February, Roy Morgan research has revealed.

  1. Government should look to pilot tracker mortgages, says competition report

A range of recommendations to improve mortgage competition have been put to government by the House Standing Committee on Economics.

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