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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 7 October.
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:
Lenders announce rate hikes following RBA move
First movers have already announced rate changes following the central bank’s October rate hike.
Cash rate to hit 3.35% by year end: Macquarie
Macquarie expects the Reserve Bank won’t begin easing monetary policy settings until late next year and anticipates the jobless rate will rise to 4.5 per cent.
How the RBA’s rate move will impact mortgagors
Following the RBA’s October cash rate decision, several commentators have flagged the dollar impact to borrowers.
Household wealth tumbles
Household wealth fell for the first time since the beginning of the pandemic, coinciding with cost-of-living pressures and rising interest rates.
Real estate ‘ripe for disruption’ amid quiet quitting
Younger agents could lean towards a less personal approach to customer service due to a confluence of factors, including COVID, technology, and the quiet-quitting phenomenon, an agent has said.
RBA reveals October cash rate decision
With just three months left in 2022, the Reserve Bank of Australia (RBA) has now handed down its first decision of the final quarter.
Perth’s rental supply skids to 12-year low
Perth’s rental crisis has hit a new low, as the Real Estate Institute of Western Australia (REIWA) revealed that the number of homes available for rent in the city fell to its lowest level in more than a decade.
McGrath takes 30% stake in top Central Coast franchise
McGrath announced it had taken a minority interest in its top-performing Central Coast franchise, in line with the group’s strategy of investing in quality businesses and partners.
[RELATED: Hot Property: the biggest property headlines from week 26 to 30 September]
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