Hot Property: The biggest property headlines from week 24–28 October

Welcome to The Adviser’s weekly round-up of headline stories and news that are important not only for the mortgages 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 matter to you, but we 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:

What’s in the budget for small-business owners?

The Labor government’s first budget has earmarked more than $15 million to support Australian small businesses and “help them prosper”.

Westpac Group to join Home Guarantees

Westpac has announced it will be able to help more home buyers into the market from mid-next year.

$1.1bn boost: Victorian Homebuyer Fund ‘supersized’

New state government funding has tripled Victoria’s Homebuyer Fund shared equity scheme.

Housing prices drive up CPI

New dwellings were one of the major contributors to the consumer price index rising in September 2022, according to the latest Australian Bureau of Statistics data.

21.1% of mortgagors ‘at risk’ of mortgage stress: Roy Morgan

Rising interest rates have resulted in an estimated 948,000 mortgagors being “at risk” of mortgage stress, according to new research.

Everything you need to know from the 2022–23 budget

With the second government of the year comes the second federal budget for 2022; here is how the first budget of the Albanese government impacts the property sector.

Triple office launch positions Laing+Simmons for year-end ‘growth spike’

With less than three months left in 2022, the network continues to kick its expansion into high gear as it prepares to welcome a host of new offices.

Melbourne’s house prices dip below $1m mark

Melbourne just became a friendlier market for aspiring home buyers, as house prices in the Victorian capital fell below the $1 million threshold in the latest quarter.

[RELATED: Hot Property: The biggest property headlines from week 17–21 October]

Written by Adrian Suljanovic

Last Updated: 27 October 2022

Published: 28 October 2022

Adrian Suljanovic

AUTHOR

Adrian Suljanovic is a journalist on Momentum Media's mortgages titles: The Adviser and Mortgage Business.

Adrian has written for a range of titles under the Momentum Media umbrella such as IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: [email protected]

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