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Hot Property: The biggest property headlines from week 8–12 May

by Adrian Suljanovic11 minute read

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 12 May.

Welcome back to The Adviser’s weekly round-up of headline stories and news that are important not only for the real estate sector but also for the state of Australian property more broadly.

To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.

Here are the biggest stories of the week:

RBA forecasts suggest 3.85% is the peak

The central bank’s updated forecasts signal the cash rate has hit its peak, economists reveal.

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Broker heads tentatively welcome no-frills budget

While the government’s ‘cost of living’ budget has been welcomed, members of the mortgage broking industry have suggested more could have been done to improve housing supply.


Economists warn federal budget shows cracks

Economists warn while the 2023–24 budget forecasts show inflation easing, it may not be enough to halt rising rates.

Construction loan demand falls to new low

The number of owner-occupiers taking out loans to build a home has fallen to record-low levels, new data has revealed.


Budget 2023: What’s in it for housing?

The Albanese government has delivered its first full-year budget since winning last year’s election. Here, we give a run-down of how the spending will impact the nation’s housing market.


Minns cracks down on rental bidding

NSW Premier Chris Minns is set to introduce rental reforms that aim to stamp out the practice of rental bidding in an effort to improve prospects for the state’s renters.


A state-by-state insight into Australia’s property markets (post-rate hikes)

Which markets are still reeling and which are rebounding from the downturn? Seven experts from Property Investment Professionals of Australia (PIPA) unpack what’s happening in each state or territory to glean what investors can expect in the coming months.


9 tips for bringing a property development back from the brink

The property and construction industry is facing a rising trend of developments collapsing, but an industry expert says there are effective strategies to turn around troubled projects.


To run a successful business, plan for succession

Succession planning is often overlooked when business owners are devising their strategy for success. It can feel antithetical to the goal of building a strong company to simultaneously plan for its end — or the end of your role within it.


[RELATED: Hot Property: The biggest property headlines from week 1–5 May]

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Adrian Suljanovic

AUTHOR

Adrian Suljanovic is a journalist on Momentum Media's mortgages titles: The Adviser and Mortgage Business.

Adrian has written for a range of titles under the Momentum Media umbrella such as IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: [email protected]

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