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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 9 September.
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:
72% of brokers disagree with price drop forecasts
Nearly three-quarters of brokers do not expect property prices to fall as far as 20 per cent, despite market forecasts suggesting otherwise.
Government introduces incentive for pensioners to downsize
An additional 12-month asset test exemption is set to be introduced to help incentivise more pensioners to downsize and free up housing stock for young families.
Warning issued over off-the-plan purchases in Qld
The state’s Attorney-General is cautioning consumers to be wary of signing purchase contracts for off-the-plan properties
Convicted real estate director hauled back in front of VCAT
Consumer Affairs Victoria is arguing that the agent, who has a history of unprofessional conduct, should be banned from holding an estate agent’s licence.
RBA hands down September cash rate decision
Against a backdrop of rising inflation, Australia’s central bank has revealed its latest move.
Sunset clauses and agent education standards under scrutiny in Qld
Two new reviews being conducted by the state government that relate to the real estate sector are currently accepting commentary from the industry and consumers.
Stamp duty phase-out to boost property sales, rental supply — REIA
The Real Estate Institute of Australia (REIA) has launched a campaign to phase out stamp duty — a reform that the body claims will be the answer to major issues plaguing the housing market.
Repeal ‘rare beast’ land tax regime: REIQ
The institute has said Queensland’s commercial and residential property investors are in for a “rude awakening” when the state government’s latest land taxation laws come into effect next year.
[REALTED: Hot Property: The biggest property headlines from week 29 August to 2 September]
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