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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 7 July.
Welcome back to The Adviser’s weekly round-up of headline stories and news that are important not only for the real estate sector but also for the state of Australian property more broadly.
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 stories of the week:
Stamping out the tax burden
Two things in life are certain: death and taxes, according to Daniel Defoe. But several state governments have been ripping up the rule book when it comes to taxes recently, reducing the dread that some home buyers may face when it comes to taxes. Here, we cover off some of the big changes in property tax coming up.
Prime Minister ‘welcomes’ RBA rate pause
Anthony Albanese was one of many prominent Australian voices who welcomed the RBA’s second cash rate pause of its monetary policy tightening cycle.
Labor launches petition to stop Greens HAFF blockade
It was the talk of the town a few weeks ago, with the legislation’s failure to pass through the Senate threatening to return the public to the polls. Now, the government has stepped up their action to prevent that outcome from occurring.
RBA makes July cash rate call
The first Tuesday of the month brands with it an incredibly relieving cash rate decision from Australia’s central bank.
Trust account abuse lands agent with a 10-year ban
The trust account violations that landed this Victorian agent in decade-long hot water were discovered and reported by an employee.
Sydney leads the charge as national home values rise again
Despite economic headwinds working overtime to send property prices in the opposite direction, the national market’s continued defiance has extended into its fourth month.
Community service sentence for agent who mishandled trust funds
A former Victorian agent has been dished hundreds of hours of community service following their mismanagement of thousands of trust account funds.
Experts warn housing market not in the clear despite cash rate pause
While many Australians breathed collective sighs of relief following the decision delivered earlier this week, some housing experts warned the cash pause has not diverted the Australian market into the clear just yet.
[RELATED: Hot Property: The biggest property headlines from week 26–30 June]
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