The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 19 August.
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:
Mortgage demand continues to fall, according to latest Equifax data
Home loan applications continue to decline, according to the latest Equifax data.
Rates up to 91 bps higher for existing borrowers: Lendi
Long-term borrowers are paying up to $70,000 more in repayments than first-time customers, according to new figures released by the broking group.
July listings record largest yoy increase for 12 years
The “unusually busy” winter period saw property listings increase by 4.9 per cent on last year, the largest year-on-year increase in July listings since 2010.
LJ Hooker names new CEO
The national real estate group has revealed the leader set to take its house of brands through its next phase of growth.
Trophy regional markets lose lustre as demand fizzles
A new report showed that regional lifestyle areas — particularly NSW and Queensland’s trophy markets — are now losing their shine as demand continues to fizzle out.
Property manager faces court over alleged referral fee scheme
A Victorian property manager will face Melbourne Magistrates Court over allegations that his business accepted thousands of dollars from contractors to refer them for work that never materialised.
Property market update: Melbourne, July 2022
Melbourne continued its downward spiral in July, as the property values in the city recorded deeper declines during the month. But experts are also pencilling in when a potential rebound might occur for the Victorian capital.
Why you should be reassured by what vendors aren’t saying: Tom Panos
Market shifts have been a recent cause of industry anxiety, but both historic data and current vendor attitudes show that there are many reasons to be positive about the current state of affairs.
20 of the best suburbs for low-deposit investing
New research has revealed the best suburbs for investors looking to enter the property market with a deposit of less than $100,000.
REIA urges federal action on property manager shortage
Ahead of the invite-only Jobs and Skills summit, the Real Estate Institute of Australia (REIA) has called on the federal government to prioritise real estate industry skill shortages that are exacerbating the housing crisis.
[RELATED: Hot Property: The biggest property headlines from week 8-12 August]
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