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The biggest real estate news – the week ending 28 April 2024

By Staff Reporter
26 April 2024 | 10 minute read
Hot property TA

Housing affordability concerns grow, Western Australia updates its tenancy laws, and speculation about the RBA’s next move heats up.

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. Next RBA move may be an increase: Brokerage CEO

The chief executive of a brokerage has said the central bank may lift the cash rate further if inflation fails to moderate.

  1. FHB activity ‘likely to weaken’: ANZ/CoreLogic

First home buyer activity could dampen as the year progresses amid worsening mortgage serviceability, ANZ and CoreLogic’s report has found.

  1. Not even 1 in 5 homes affordable as data paints ‘stark’ property picture: NAB economist

Just 13 per cent of homes for sale are affordable for the average Australian household – and the impacts are being felt across the board.

  1. Perth ‘builder’ slapped with $5k fine for falsifying work history

A Kwinana man claimed eight years of building experience, despite working as a courier during the specified period.

  1. Rental bidding out, pets in as WA’s new tenancy laws pass Parliament

The sweeping overhaul will see new regulations roll out over three phases, with the first set to take effect in May.

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  1. WA revs up for STRA reforms

The State Parliament has given the go-ahead to new legislation to tighten regulation of short-term rental accommodation.

  1. Qld nabs top spot for home loan financing: CBA

Home loan financing was the strongest in Queensland, according to the major bank’s latest research.

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