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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 24 June.
Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the mortgages sector but also for the state of property in Australia more broadly.
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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:
NSW confirms stamp duty reforms from 2023
First home buyers in NSW will be able to choose between an upfront payment or a smaller annual property tax from next year under First Home Buyer Choice reforms.
Lowe expects to consider 25 or 50-bp rate hike
The Reserve Bank tossed up increasing the cash rate by either 25 or 50 bps for June, with its governor revealing that he expects the same options next month.
RBA’s faster rate rises to accelerate housing decline: ANZ
Economists at the major bank have tipped that house prices will fall by around 15 per cent between April 2022 and December 2023.
NSW unveils shared equity trial for home buyers
The state will trial helping certain key workers, single parents and older singles buy homes in a new $780.4 million program.
NAB tips 15% house price fall in 2023
NAB’s chief economist has predicted house price growth will drop by more than expected.
Qld announces affordable housing partnership
The chairman has refuted claims that the Australian property market is headed for a crash, despite pointing out the need for reform in the rental sector.
Investors wanted: 12 Perth suburbs in dire need of rental supply
There is an urgent need for more investors in Western Australia, as a new report showed that the city continued to grapple with a shortage in rental listings in May.
[Related: Hot Property: The biggest property headlines from the week 13-17 June]
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