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The biggest real estate news – the week ending 2 June 2024

By Staff Reporter
31 May 2024 | 9 minute read
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Victorian investors get cold feet, loan volumes drop back, and a real estate reality TV star shares how a trip to Australia changed his selling strategy.

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. Investor taxes take a toll on Victorian rental market

Experts caution that reluctance among Victorian investors is expected to lead to fewer rentals over the next 12 months.

2. New loan volumes down 17%

Borrowing activity declined during the March quarter, new research has found.

3. Ryan Serhant on how Australian agents changed his game

The New York real estate broker and reality television star explained why he took a page from Australia’s playbook.

4. Regional dwelling values outperform capital counterparts: CoreLogic

Home values in regional areas are rising at the quickest pace in almost two years, CoreLogic has found.

5. CBA cuts out broker and proprietary channel for new loan offering

A new, cheaper refinance offering is set to be launched by the major bank that is only available directly to consumers.

6. NSW increases housing targets

The NSW government has announced it will provide community funding to local governments that exceed the state’s updated housing targets.

7. Qld rental reforms ‘missed the mark’: REIQ

Without a handful of 11th-hour amendments, the Real Estate Institute of Queensland (REIQ) warned last week’s rental reforms could have been “catastrophic”.

8. Top highlights from AREC 2024

AREC 2024 welcomed a record crowd to the Gold Coast Conference & Exhibition Centre with more than 5,000 industry professionals showing up to sharpen their skills and learn from leaders inside and outside of real estate.

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