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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 24 February.
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:
Fintech lender hit with 2 infringement notices: ASIC
The Australian Securities and Investment Commission (ASIC) issued the two infringement notices against fintech lender Jacaranda following concerns that a repayment estimate calculator on Jacaranda’s website may have misled consumers.
Cash rate hike speed ‘doesn’t matter much’, says RBA
The central bank says it’s the level of cash rate — not the speed it’s achieved — that matters, Australian senators have heard.
New mortgages ‘fell further’ in January 2023, CBA reveals
On the back of record profits, the major bank’s latest lending data has confirmed fewer Australians are purchasing new homes.
Government pledges super reforms to help housing investment
The federal government has laid out its objectives for Australia’s $3.3 trillion superannuation.
McGrath posts $1.8m profit despite listings crunch
Doubling down on his company’s plans for an ambitious period of growth, John McGrath has shared how the network has maintained profitability post-early 2022’s “silly” property market.
Ex-director slapped with $4k in costs after illicit trust fund transfer
The former director of a Perth-based real estate agency has been fined $2,500 and ordered to pay $1,472 in costs for depositing trust account funds into his personal account.
Could the market cycle ‘turn again’ in 2023?
A national real estate brand cited new data that may indicate that the market will “turn again in 2023”.
5 ways the 2023 budget can fix Australia’s housing problem
Australia’s next federal budget, set to be delivered on 9 May 2023, has the potential to unlock and aid the nation’s housing problem, according to the country’s leading real estate body.
Up to 400 Tassie landlords to get almost $10k under expanded rental scheme
In a bid to get more Tasmanians “under a roof”, the Rockliff government is offering more incentives for private property owners to become landlords.
How a model pivot grew this agency’s recruitment by 60%
Launched last October, Upside Realty’s altered business model is responsible for a 59 per cent increase in new agents joining, according to the agency’s director of sales James Kirkland.
[RELATED: Hot Property: The biggest property headlines from week 13-17 February]
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