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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 14 July.
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:
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Snakes and the property ladder
The Australian dream of home ownership isn’t dead yet. Just cast one look at the outer rings of any Australian capital city and you’ll notice thousands of new homes popping up. But, an overwhelming number of home buyers agree the dream is growing harder to attain under the weight of increased costs.
Fixed-rate borrowers ‘less stressed’ than others: ANZ
According to one of Australia’s largest banks, borrowers coming off of fixed rates are less stressed than their variable counterparts, spelling relieving news for many fearing the heavily predicted fixed-rate cliff looming ahead.
Interest rates weaken household spending, latest data reveals
Good reading for the Reserve Bank of Australia (RBA), which can feel vindication that their swift and aggressive rate-hiking cycle has begun inspiring its intended effects with household spending data over the year to May down according to the Australia Bureau of Statistics.
3/4 of Australian auctions report success in winter
Speaking of Australia’s strongly performing auction market, around 75 per cent of homes that went under the hammer last week reported a positive result, defying typical winter conditions.
NSW appoints inaugural rental commissioner to level playing field for tenants
Recently elected Premier Chris Minns followed through on a key election promise with the appointment of the former chief executive of Homelessness Australia. Much to the distaste of some in the industry, the commissioner’s role will be geared towards advocating for and uplifting tenants.
REA Group goes all in on CampaignAgent
Two years on from purchasing a 27 per cent stake in the proptech, REA Group this week announced 100 per cent ownership of the property vendor funding solution provider in a move both brands admitted excitement about.
‘Double-dip downturn’ risk remains as listings rise
Despite the nation cooling as winter sets in, data from SQM Research has revealed the number of properties for sale is up, perhaps due to a recent run of strong auction performances.
Australian property prices double every decade: True or false?
Rising house prices; they’re great for home owners and tough for prospective buyers. New data from PropTrack poses a simple question: how long does it take for Australian homes to double their value?
[RELATED: Hot Property: The biggest property headlines from week 3-7 July]
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