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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 1 July.
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:
Will anyone win with NSW’s stamp duty reform?
Those most connected to buyers agree that while the state’s proposed stamp duty reform is a good start, the slice of buyers whom it’s likely to help is even smaller than anticipated.
Outright ownership falls over 25 years: ABS
The proportion of Australians who completely own their property has fallen by 11 percentage points according to the latest census data.
More than 20% of homes sell for more than $1m
A record number of Australians spent $1 million or more to secure a home in the past year, according to new CoreLogic data.
Brokers feel the pinch amid construction folds
As construction industry collapses have left thousands of Australians with half-finished homes, brokers are left tending to impacted borrowers.
40% leveraging home equity to get ahead on repayments: NAB
Over four in 10 home owners are using the equity in their home to get ahead on their mortgage, a NAB survey has found.
Merger creates ‘Victoria’s largest independent commercial firm’
The newly amalgamated, independent brand will boast $5 billion in assets under management when it officially kicks things off at the beginning of next month.
Zero vacancies: 20 suburbs where renters are in ‘desperate mode’
A new report has revealed 20 suburbs where tenants are now in crisis mode, as they cough up more than half of their weekly income to pay the rent in markets characterised by limited housing supply and surging prices.
Why every PM should know the basics of a tax depreciation schedule
Knowing the facts about depreciation schedules could be a property manager’s silver bullet in growing a rent roll – especially around tax time.
[Related: Hot Property: The biggest property headlines from the week 20-24 June]
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