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Hot Property: The biggest property headlines from week 31 July–4 August

by Adrian Suljanovic10 minute read

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 4 August.

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 makes August cash rate call

The Reserve Bank has paused the cash rate yet again as it waits to assess the impact of the previous 12 hikes.


CBA rolls out digital refinancing function

Borrowers can now commence and submit refinance applications online with the major bank as part of a new digital refinancing solution.

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Owner-occupier refinancing sets new record


The number and value of owner-occupier refinances hit a new record high in May, with new lending also returning to growth.


Cash rate remains at 4.1% in August

The central bank has decided to hold the cash rate for the second month in a row.


PM gears up for rent cap clash as housing bill returns


The Prime Minister will bring the Housing Australia Future Fund Bill back to Parliament in a last-ditch effort to pass his hallmark housing package.


Underquoting Victorian agents hit with $500k in fines


Dozens of Victorian real estate agents and agencies have been slapped with fines and warnings for underquoting, handed down by a taskforce cracking down on the dodgy practice.


Perth suburbs record significant capital growth in FY23


During the latest financial year, the Perth property market achieved significant milestones, with several suburbs emerging as standout performers in terms of price growth.

[RELATED: Hot Property: The biggest property headlines from week 24-28 July]

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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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