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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 27 October.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Here are the biggest property stories of the week:
1. ‘A bad tax’: Housing Minister says stamp duty should be axed
Federal Housing Minister Clare O’Neil has made it clear she’s no fan of states and territories’ current property tax settings.
2. Coalition commits $5bn to infrastructure under election housing plan
Peter Dutton has promised that a Coalition government will dedicate $5 billion for works like sewerage, water and power to get new homes off the ground.
3. Inflation expected to drop into RBA’s target band in Q3
Economists have predicted the upcoming September quarter CPI data to show inflation falling into the central bank’s coveted target band of 2–3 per cent.
4. Victoria shakes up stamp duty concessions
The state is looking to rev up activity in the off-the-plan apartment market.
5. The age of 2–3% mortgage rates is over: John McGrath
The network CEO says it’s time to adapt to the “new era” of Australian real estate.
6. Lending laws ‘holding back the Australian dream’: Senator Bragg
After hearing evidence from the banking industry in the final hearing for the Senate home ownership inquiry, Senator Andrew Bragg has said lending laws are too rigid.
7. RBA finds ‘limited evidence’ that investors pass through rates
The central bank has investigated the notion that investors pass on higher mortgage costs to their tenants.
8. ABA backs ‘conversations’ on changing buffers
The banking industry association has told the Senate home ownership inquiry it believes APRA’s 3 per cent serviceability buffer should be more flexible.
