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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 3 March.
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:
Interest rate ‘buffer’ should be reassessed: FBAA
APRA’s decision to keep the loan buffer at 3 per cent is making it even harder for mortgagors refinancing, the industry association has warned.
Construction insolvencies increased more than 85%: Equifax
Building activity has continued to decline amid rising construction collapses.
APRA says 3% loan buffer is still ‘appropriate’
The 3.0 per cent loan serviceability buffer and existing macroprudential policy settings are “appropriate”, APRA has concluded in an assessment of its policy settings.
‘Expect a major shift’: 4 emerging trends and opportunities for the commercial sector
Following years of strong capital value gains and low-income growth, a global commercial real estate services and investment firm is expecting a “major shift” in Australia’s commercial and residential markets due to emerging trends.
Not properly paying its property manager lands Perth agency in hot water
Nearly $18,000 in court penalties have been secured against the operators of a Western Australian real estate and business brokering company due to its “conscious decision” not to cooperate with the Fair Work Ombudsman.
Revealed: The cheapest and priciest suburbs for investors in 2023
With several factors clouding the market’s outlook, a new report revealed the most and least expensive suburbs across the country to help investors find clarity amid the uncertainty.
Vale Max Raine
The board of Raine & Horne Pty Limited has shared the passing of Max Raine, the group’s former chairman.
Trust accounting failures lead to Victorian agent’s licence cancellation
A Seymour-based agent has had her practising licence cancelled for the next two years, following disciplinary proceedings at the Victorian Civil and Administrative Tribunal.
LJ Hooker embarks on ambitious plan ahead of centenary
LJ Hooker Group chief executive Christine Mikhael has shared that the vision is to be Australia and New Zealand’s most profitable at-scale network to lead the industry into the next 100 years.
[RELATED: Hot Property: The biggest property headlines from week 20-24 February]
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