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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 29 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.
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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Investor concerns mount over Victorian land tax
The Victorian government’s decision to introduce a 7.5 per cent levy on short-term rental accommodation has alarmed investors in the state, with one labelling it “unfair and illogical.”
August CPI fulfils market expectations
Inflation rose slightly in the 12 months to September, according to the latest Consumer Price Index (CPI) data from the Australian Bureau of Statistics (ABS), with housing one of the highest rising commodities in that time.
How rental pain is expected to push home prices higher
With the Australian rental market expected to remain as volatile as the stock market, a new report from KPMG has predicted more and more Australian tenants will look to purchase homes in the coming years. How will this impact house prices?
60-day STRA cap placed on Byron Shire Council
Operators of short-term rental accommodation in arguably Australia’s most popular tourist town will have the number of days they are allowed to lease their holiday rental limited to 60 days when new rules kick into effect next year.
‘Think again’ before fudging property reporting, ATO warns investors
The ATO issued a stern warning to vendors hoping to gain capital gains exemptions on properties that have served other purposes than primary homes.
Cash rate calm urged as inflation rises again
Could the latest CPI increase be enough to push the Reserve Bank of Australia to increase the cash rate at its upcoming October board meeting? Hayden Groves, president of the Real Estate Institute of Australia, urged calm in light of the latest figures with other figures from the CPI indicating not all is doom and gloom.
Tertiary education goes to work for this agent and her high-achieving team
One of Australia’s leading real estate powerhouses, who placed in REB’s Top 50 Women in Real Estate, Top 50 Agents NSW, and Top 100 Agents for 2023, has revealed how her unique educational background created a perfect foundation for her career.
10 new areas, 14 new agents build network’s Qld presence
Better Homes and Gardens Real Estate has revealed a huge expansion of its Queensland operations.
[RELATED: Hot Property: The biggest property headlines from week 18–22 September]
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