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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 20 October.
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 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:
Housing shortfall evident as overseas arrivals climb: Economist
Australia’s post-pandemic migration has headed in one direction: up. New data from the Australian Bureau of Statistics (ABS) has revealed an increase of over half a million residents in the 12 months to August. But in a climate where house prices are rising and vacancy rates are plummeting, is increased migration good for Australian property?
Dwelling commencements fell in June quarter: ABS
Feels like all we’ve done is talk about supply, but here we are again. New figures from the ABS found the number of dwelling commencements in the three months to June dipped. Is this confirmation Australia’s supply crunch won’t heal anytime soon?
How satisfied are property professionals with their job?
Work; you spend a majority of your life there so you may as well be happy with it. A new report from big four bank NAB painted a picture of the satisfaction levels within Australia’s property sector, with results of the survey mixed to say the least.
WA carves out space in government to zero in on supply
Speaking of supply, the Western Australian government this week introduced a new housing supply taskforce aimed at increasing the state’s stock. At a time when state capital Perth is wrestling with the tightest rental market in the country and a listings shortage, the government’s action indicate its dedication to reversing this trend.
When lifestyle pain equals property gain
All good things come with sacrifice. That’s the message investors Scott and Mina O’Neill recently delivered when they regaled their story of short-term pain for long-term gain.
Granny flats go onto the rental market as SA overrules councils
Another government bid to creatively increase house supply saw the South Australian government turn to granny flats to cure its supply woes. The State’s Planning Commission approved changes urged by South Australian Planning Minister Nick Champion earlier this month. Find out more about the move here.
Top 10 Aussie locations for downsizers
Looking for a change of home and scenery? Well, look no further than this collection of pristine Australian regions waiting with open arms for your arrival.
Perth’s listing drought leaves investors eyeing units
As homes in the Western Australian capital dry up, investors have set their sights on apartments.
[RELATED: Hot Property: The biggest property headlines from week 9-13 October]
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