The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 9 December.
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:
Bill passes to protect consumers from ‘predatory’ payday lenders
The Financial Sector Reform Bill 2022 was passed by Parliament on Tuesday (6 December) to improve national credit laws in regard to payday loans and consumer leases.
‘Overly aggressive hiking cycle’ to test housing market
Treasury has reacted to the RBA decision assessing a 2023 economic slowdown, but for ‘how long?’ and ‘by how much?’, economists have posed.
Aged Australians focus in largest retirement home-equity ‘boost’
Household Capital will now provide both federal government Home Equity Access Scheme and household loans to older Aussies, it has announced.
RBA delivers Christmas cash rate present
The Reserve Bank of Australia (RBA) has handed down its final cash rate decision for 2022.
Atlas makes its foray into the franchising space
LJ Hooker Group’s boutique brand is gearing up to franchise “strategically and selectively” across the country.
10 sub-$500k markets set to soar in Perth in 2023
Established suburbs with a median house price below $500,000 will be the big winners of the Western Australian property market over the next 12 months, according to a local expert.
What’s your ‘NCI’? And why is it more important than your GCI?
“It’s not what you make; it’s what you keep that counts,” is the message from One Agency chief executive officer, Paul Davies.
More than 40% of income required for Qld borrowers
Despite property prices falling this year, it would cost a Queensland borrower 40.3 per cent of their income to service a new mortgage, according to a new report.
Laing+Simmons returns to birthplace with latest office opening
Over half a century after the network opened its first-ever office in Potts Point, Laing+Simmons has revealed its re-entrance into the vibrant inner Sydney suburb.
[RELATED: Hot Property: The biggest property headlines from week 28 November to 2 December]
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