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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 4 November.
Welcome to The Adviser’s weekly round-up of 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:
Cash rate to surpass 4% in next year: Survey
Cash rate increases will impact consumer spending habits more than mortgage repayments and property costs, Joust has revealed.
Owner-occupier loans drop 9.3% in a month: ABS
The value of owner-occupier mortgages dropped almost 10 per cent in September, according to the Australian Bureau of Statistics.
Buyback scheme announced for Northern Rivers
A new program delivered by the NSW and federal governments will offer 2,000 flood-risk home owners to repair, retrofit, or have their home bought back.
The rate that stops the nation
The Reserve Bank of Australia (RBA) has handed down its penultimate cash rate decision for 2022.
Philip Webb Real Estate joins forces with fellow Victorian outfit
The agency’s director (and namesake) has revealed his retirement plans; he’ll be handing over the reins at the Victorian real estate agency group.
Does a 2.85% cash rate push Australia towards ‘uncharted waters’?
Tuesday’s (1 November) decision by the Reserve Bank of Australia (RBA) to raise the cash rate to 2.85 per cent, the highest in nearly a decade, will add further financial pressure to Australians.
PropTech Group and MRI Software enter acquisition talks
A scheme implementation deed has revealed the potential for an alignment of PropTech Group with the multinational property technology giant.
2 in 3 FHBs will say no to stamp duty, says NSW government
Up to two-thirds of first home buyers will choose to pay a smaller annual property fee rather than forking out for stamp duty upfront, according to new NSW Treasury analysis.
[RELATED: Hot Property: The biggest property headlines from week 24-28 October]
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