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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 27 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.
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.
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Here are the biggest stories of the week:
Q3 CPI shifts cash rate expectations
For the second consecutive month Australian inflation is on the rise, according to new data from the Australian Bureau of Statistics (ABS). With less than a fortnight to go before the Reserve Bank of Australia’s (RBA) November meeting, could we be set for the first cash rate rise since June?
FHB market share near 8-year low: NAB
In line with the potential death of the great Australian dream, new figures from one of Australia’s big four banks indicate FHB participation in the market is at near-decade-long lows.
Renting makes you age faster, new research suggests
For tenants in Australia, this news may come as no surprise especially considering the high rent, low vacancy conditions categorising the nation’s rental market in recent months. This new report conducted by two universities found private renting is worse for participants’ health than smoking. Who would have thought?
Surging prices could push home ownership out of reach of Aussie FHBs
Is the great Australian dream dead for young Aussies? With house prices soaring in recent years, the answer to that question is maybe.
3 factors that will determine the RBA’s next move
With the nation nervously waiting for the central bank’s decision at 2:30pm AEDT on Melbourne Cup Day, one economist at Westpac revealed the trio of factors that will dictate the board’s next actions.
Where are Australia’s most in-demand rental suburbs?
New data from PropTrack revealed the Australian regions’ tenants are most hunting this year, with one city leading the charge, claiming nine of the top 10 spots.
Property prices to fully recover by year’s end: Domain
Following a lengthy downswing throughout much of last year, leading brand Domain has given a timeline of when last year’s property value losses will be recouped for home owners.
[RELATED: Hot Property: The biggest property headlines from week 16–20 October]
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