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The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 30 September.
1. LJ Hooker Group shakes up its senior leadership team
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A new general manager of network will lead a bolstered executive and leadership group as the brand looks to “best support” its offices and teams Australia-wide.
2. Network executive criticises industry leadership, calls for unity
Mike Green, recently reappointed as the managing director of Harcourts, has offered a scathing assessment of the Australian real estate industry’s leadership.
3. Over 80% expect 50-bp hike next week
With another 50-bp rate rise increasingly likely, one economist has warned that the Reserve Bank is putting the economy at risk.
4. 1 in 5 landlords preparing to exit market, report shows
Queensland’s controversial land tax plan is spurring investors to sell off their properties and the prospects are grim for the country’s rental market that’s already knee-deep in a shortage crisis.
5. ‘Nail in the coffin’: Qld broker frustrated at land tax grab
A Queensland broker is frustrated as the government’s land tax could deter investors from buying in the state as prices already soar.
6. Government and banks respond to Optus data breach
Federal Treasurer Jim Chalmers and the Australian Banking Association have responded to the Optus data breach that saw millions of Australians have their personal information stolen.
7. The golden perks of a Portuguese investment property
Australians are flocking to the southern European country, which is offering a new program that offers citizenship to investors beyond a certain threshold.
8. ‘Cash cow’ no more: Investors turn their back on Qld’s rental market
A new report showed that Queensland lost almost a third of its rental supply over the past two years, as investors exited the market and consequently triggered the state’s ongoing rental crisis.
9. Granny flats a go as Qld aims to ease leasing pressure
New emergency planning changes will urge home owners to lease secondary dwellings in Queensland over the next three years.
10. Brisbane, Adelaide best other Aussie capitals on global price growth ranking
While the era of strong price growth has ended for Australia as a whole, Brisbane and Adelaide have emerged as the last strongholds amid the market downturn sweeping across the country.
[Related: Hot Property: The biggest property headlines from week 19–23 September]
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