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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 15 September.
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 matters 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:
Senate greenlights Housing Australia Future Fund
It was the policy stalemate that threatened to send Australians to the polls, but finally, we have a conclusion to the HAFF drama after Labor a deal sending $1 billion to public and community housing gained the Greens’ support for the policy.
Rate cuts could come by March 2024, say AMP, CBA
After experiencing the swiftest cash rate hiking cycle in history, Australians breathed collective sighs of relief this week when two prominent economists forecast interest rates to begin receding over the first quarter of 2024.
Housing hits ‘lowest affordability on record since 2008’: REIA
Australia’s housing crisis is no secret. Prices soared throughout the pandemic and were only halted by significant economic headwinds. New research from the Real Estate Institute of Australia (REIA) painted a clear picture of how poorly Australian affordability has progressed in the last 15 years.
Experts warn HAFF deal no silver bullet for supply crisis
The stalemate-ending policy pledges to cure the housing supply woes plaguing Australian property, but will the benefits be reaped by all?
Agents ranked ‘least ethical’ of any profession
Real estate agents’ public perception took a major hit this week with the profession ranking bottom of any Australian occupation for ethics.
Melbourne agency in hot water for missing audits
Another naughty agent down in the Victorian capital, even after the watchdog offered them a dozen warnings about their wrongdoings.
How Australia’s housing market returned to $10tn
Following a lean 18 months, the value of the Australian property market rose above $10 trillion according to data from CoreLogic. But what were the key factors driving this value increase and are they sustainable?
Labor finds further $1bn to get Greens’ housing budget
Find out all you need to know about the cataclysmic deal responsible for the HAFF stalemate drawing to its long-awaited conclusion.
[RELATED: Hot Property: The biggest property headlines from week 4–8 September]
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