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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 18 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:
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Dwelling commencements ‘to remain soft’: CBA
CBA has said dwelling approvals could reach lows not seen since 2011, with people needing professional help “now more than ever”, according to a newly launched brokerage.
Banks scale back cashback offers amid easing competition
While a number of providers are continuing to use cashbacks as an incentive for borrowers looking to refinance, nearly one-third of lenders have dumped the idea, new data has revealed.
Rate hikes ‘working as intended’: RBA
As the Reserve Bank’s decision to halt the cash rate was influenced by favourable inflation data, economists widely anticipate the bank will hold in September.
Life decisions postponed due to high rates: Mortgage Choice
The aggregator has revealed the impact the current economic environment has had on mortgagors and prospective buyers through a recent survey.
1 million borrowers face fixed-rate cliff: RBA
RBA governor Philip Lowe noted that while the peak of the fixed-rate cliff had surpassed, 1 million borrowers are yet to transition.
Charging tenants for Wi-Fi, trust account woes come back to bite Cairns agent
A North Queensland-based real estate agent and her company have been ordered to pay more than $13,000 in fines and compensation for trust account breaches and charging clients for unauthorised expenses.
Melbourne agency in court for alleged unlicensed trading
A West Melbourne agency is facing steep potential fines of over $100,000 for allegedly trading without a licence.
Housing commitments front and centre at national cabinet
Following the national cabinet meeting of state and territory leaders, the Prime Minister stated the group has agreed on a number of collective measures to address housing pressures.
Australia’s top 10 emerging apartment markets
The investment prospects of apartments are improving as Australians increasingly embrace life in high-rises.
[RELATED: Hot Property: The biggest property headlines from week 7-11 August]
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