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The biggest real estate news – the week ending 7 April 2024

By Staff Reporter
05 April 2024 | 10 minute read
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A proptech merger canned, advice to autumn buyers, and a dodgy Victorian builder feels the brunt of the law.

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. Tenants, landlords want NSW to act on no-grounds evictions now

The Labor party in NSW committed to introducing a “reasonable grounds” eviction policy during the March 2023 election.

  1. Proptech sale shelved following ACCC investigation

It appears to be an amicable decision for both parties, given that REA Group’s plan to acquire Dynamic Methods was under scrutiny from the Australian Competition and Consumer Commission (ACCC).

  1. Angus Raine: Autumn buyers must act fast

The executive chairman of Raine & Horne believes that a unique buying window is available over the next three weeks – but buyers must act fast or risk missing out.

  1. Victorian builder allegedly pocketed $100k before skipping out on jobs

Victoria’s Department of Consumer Affairs is taking action against an unregistered builder that it says failed to complete work for seven separate consumers after taking deposits for jobs.

  1. Housing affordability ‘one of the biggest policy issues’: Dutton

The rising cost of housing in Australia is “one of the biggest policy issues we need to get right”, the leader of the Opposition, Peter Dutton, has said.

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  1. Residential dwelling prices drive up household wealth: ABS

Growth of total household wealth accelerated in the December 2023 quarter, the ABS has revealed.

  1. Government forges ahead with tripling fees for foreign investors

The Property Council of Australia (PCA) has warned that the fee increase could put the government’s housing targets “at risk”.

  1. Why are more borrowers using mortgage brokers?

With broker share at a record high, members of the broking industry have revealed why more consumers are turning to brokers than ever before.

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