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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 17 February.
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:
Australian mortgage confidence lowest in three years
Research from major banks revealed consumer confidence and sentiment took a tumble during the week with all three housing-related cohorts reporting confidence declines to levels not seen in over 30 years.
RBA not intent on ‘smashing Australia’ into recession: Lowe
Following the central bank’s decision last week to raise the official cash rate once more, Reserve Bank of Australia (RBA) governor Philip Lowe faced up a Senate economic committee to defend the bank’s recent decisions.
Australia’s high-end regional markets lose mojo
Data from CoreLogic has highlighted the market subgroup that has felt the greatest brunt of the recent market downturn, but why was this trend considered “unsurprising”?
Abrupt yearly decline sends Australian residential real estate value spiralling down
It’s no secret Australia’s property market has experienced a sharp decrease in prices over the last 12 months, led by rising interest rates, but what is the extent of the value declines?
Federal government’s ‘turning point’ legislation delights industry
The introduction of three former federal budget-promises-turned-bills into Parliament late last week was welcomed by many stakeholders within the industry, including one prominent real estate body.
3 state government’s make social housing calls
Several leading governments revealed major social housing movements and milestones over the course of the week, from targets hit to programs extended.
Buxton appoints new CEO
The Victorian real estate giant announced a new man to replace former chief executive Marcus William at the helm.
REIQ knocks back ‘short-sighted’ calls for rent control
Australia’s gripping rental crisis has seen many stakeholders offer solutions, but Queensland’s leading institute slammed a recent proposal from a state-based tenants advocate for failing to consider the long term.
[RELATED: Hot Property: The biggest property headlines from week 6-10 February]
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