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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 13 January.
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:
Home Equity Access Scheme not a credit product: ASIC
This article aimed to provide clarity to those looking to access the government scheme.
33% of Aussies saving to buy a home: BOQ
Home ownership is a major goal of many Australians young and old, but is it there top goal for 2023? If so, how do they plan to realise it?
Buyback scheme to help over 130 QLD homeowners ‘move on with their lives’
Following last year’s devastating flooding in the Sunshine State, the government’s buyback initiative launched early last year has begun the process of flood inundated homes in eight local government areas.
Housing spearheads annual November 7.3% CPI jump: ABS
The week brought with it the Australian Bureau of Statistics (ABS) Consumer Price Index (CPI) for November 2022, which revealed the figure had hit a 30-year high in the penultimate month of last year.
Building approval declines latest blow delivered by RBA rate hikes
The Reserve Bank of Australia’s (RBA) consistent cash rate increases implemented throughout 2022 to fight inflation had many unintended consequences, including drying up the large pipeline of building work from earlier in the year, according to data from the ABS.
Rents hit record high in 2022 despite market slowdown
Despite the market easing late, last year ultimately resulted in national rents rising to unprecedented levels, according to research from Corelogic.
2022 saw largest home value fall since GFC: Corelogic
Corelogic’s Home Value Index (HVI) for December 2022 revealed the rate of decline of national house prices re-accelerated during the year’s final month, taking the annual rate of decline to its greatest in over a decade.
NSW Labor’s hefty election housing promises
As the state gears up for a first election in four years, NSW Labor party began the second week of the new by promising a host of property legislative changes while also promising a pilot build-to-rent project on the state’s south coast.
[RELATED: Hot Property: The biggest property headlines from week 12-16 December]
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