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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 25 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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MyState Bank reveals over 14% home lending growth
The non-major bank has attributed its loan book growth and customer base expansion to increased broker partnerships in mainland Australia.
Spending to ‘slow significantly’ as mortgage repayments rise: AMP
While accumulated household savings are helping cushion impact of high rates, consumer spending is set to slow as borrowers approach record-high mortgage repayments.
NSW government splits department to provide greater housing focus
From January 2024, the state will have a dedicated Department of Planning, Housing and Infrastructure.
Union push for RBA board not ‘controversial’: Treasurer
The federal Treasurer has addressed the criticisms aimed at union representatives being appointed to the central bank’s board.
3 in 5 Aussie renters putting up with problems to secure a place to live
Around 1.7 million Australian renter households could be putting up with unsuitable or unsafe properties just to put a roof over their heads, according to new analysis.
Help to Buy enters next phase
The federal government has set a timeline to launch its shared equity home buying scheme, which was a key Labor Party election promise in 2022.
5 ways Qld’s new property laws will benefit investors
Full disclosure in property transactions is set to change the game for real estate transactions across the state, according to one tech player.
Tasmania on board with federal housing plans
Tasmanian Premier Jeremy Rockliff has called the housing commitments made at the recent national cabinet meeting “a good result for Tasmania”.
[RELATED: Hot Property: The biggest property headlines from week 14–18 August]
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