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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 17 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:
Mark Bouris reckons any form of payroll tax is ‘nonsense’
The mortgage broking veteran has slammed the government for taxing businesses that employ Australians.
The major bank has been penalised $10 million by the Federal Court in relation to its Home Loan Introducer Program.
Property market stabilisation ‘a blip’: AMP chief economist
AMP’s chief economist Shane Oliver has forecast that prices will fall further this year, stating the current stabilisation is likely just a ‘blip.’
Home buyer sentiment at 34-year low as spending rises
Bob Hawke was prime minister last time home buyer sentiment was as low as it currently is.
Keeping the inflation target between 2–3% is ‘alarming’: Mark Bouris
After more than 25 years, the business and finance expert believes it’s time for Australia’s central bank to update its inflation target to one he believes is more “realistic.”
New report paints grim picture of Australia’s post-pandemic rental market
The number of available Australian rental properties is half the volume reported prior to the pandemic, according to new PropTrack research.
Post-pandemic, how healthy is Australia’s property market?
As the nation approaches the three-year anniversary of the first COVID-19-induced lockdown, CoreLogic analyses the data and poses the question: has the market returned to normal?
When will the market bottom out?
Despite CoreLogic reporting a consistent cooling of Australia’s housing market decline since the back end of last year, new research from the firm has warned that the end of the cycle may not be near.
[RELATED: Hot Property: The biggest property headlines from week 6-10 March]
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