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The RBA cash rate, a new real estate digital series and record-breaking results: Here are the biggest property stories from this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
1. TV personality to star in real estate series
The Gold Coast real estate market will play a starring role in a new digital series helmed by none other than lifestyle presenter Melanie Symons.
2. RBA confirms April cash rate call
As widely expected, the Reserve Bank of Australia (RBA) has held the official cash rate at 0.1 of a percentage point following its monthly board meeting on Tuesday, 6 April.
3. Real estate giant smashes monthly record, again
Ray White Group has revealed it recorded $8.74 billion in transaction values over the month of March — a whopping 30 per cent more than the brand’s previous best.
4. How this agent navigated Australia’s apartment market
One Sydney-based agent has weighed in on how he has maximised the opportunities being presented by the apartment and off-the-plan landscape to reap great success.
5. McGrath lessens stake in broking business
McGrath has entered into a transaction that will provide a financial services and technology investor consortium with a 55 per cent controlling interest in the Oxygen Home Loans business.
6. Brokerage launches 30-day interest rate tracker
My Mortgage Freedom has launched a new alert system that automates monthly interest rate reviews and notifies clients if a better deal can be found on their mortgage.
7. Properties in Perth selling at fastest pace in 15 years
Properties in Perth are selling at the fastest pace in 15 years, with the median time in March down to just 17 days, well below the 43 days recorded in March last year.
8. Investors steer away from Australia’s biggest capitals
Investor confidence in Sydney and Melbourne is down considerably, with the lack of international population growth, which has previously been a great market driver, costing Australia’s financial centres.
9. SME lender offers 4-week repayment holiday interest-free
Fintech lender Lumi has launched an “Australian first” business loan that enables businesses to pause repayments for four calendar weeks without accruing or capitalising interest.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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