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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 23 June.
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.
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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:
Brokers welcome SA stamp duty changes for FHBs
South Australian brokers have welcomed the state government’s move to scrap stamp duty for first home buyers who purchase a new home.
Labor announces $2bn social housing investment
The Albanese government has announced a new $2 billion investment aimed at delivering thousands of new social homes across the country.
Extended downturn could hit most mortgaged regions: CoreLogic
Higher interest rates may result in households in highly mortgaged regions feeling more pressure than others, CoreLogic research says.
June rate call was ‘finely balanced’ between pause and hike: RBA
It was a close call between holding the cash rate and increasing it by 25 bps, newly released minutes from the central bank have revealed.
Victorian government bends knee to Greens, considers rent caps
In a desperate bid to gain support from the Greens for tax reforms included in the state’s upcoming budget, the Andrews government is heavily considering several renter safeguards, including rent caps.
Former Victorian agent jailed for $1.6m trust account abuse
The former Torquay agent will spend time behind bars for trust account mishandling and deficiencies.
Over 250 Aussie markets lose million-dollar status
As the property market downturn worsens, a new report reveals the country’s million-dollar club has become even more exclusive, with hundreds of markets’ membership now revoked.
How the Top 100 Agents have changed since 2013
The top-performing agents across the country are selling 40 more properties per year than they did a decade ago, new analysis has unveiled.
How a major player is putting ‘significant investment’ into its PMs
Acknowledging PMs as “a leading force in the industry”, one network is ensuring it is making a real investment in its people.
[RELATED: Hot Property: The biggest property headlines from week 12–16 June]
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