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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 17 November.
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:
Gen Z eager to own property despite financial woes
Despite ASIC data showing growing financial concerns from Gen Z, brokers are still seeing strong appetite for home ownership.
CBA loan book continues to shrink
The major bank’s home loan balance fell $4.5 billion in the September quarter, with a drop-off in broker-introduced loans.
RBA revises up forecasts
The central bank has upgraded its inflation and scheduled repayment forecasts following its latest interest rate increase.
Granny flats get the green light in Victoria
By December 2023, it will be much easier for Victorians to build a “small second home” on their property.
Canberra expands stamp duty exemption
The ACT government’s stamp duty concession will now apply to off-the-plan properties valued up to $800,000.
Why Australians are no longer in a rush to refinance
Record refinancing numbers appear to have hit a cliff, as the rate of borrowers looking to change lenders experiences a substantial fall.
WA offers $10k incentive to flip Airbnbs onto long-term market
A slew of new regulations on short-term rentals in Western Australia – and some monetary bonuses – are designed to push property owners back into the long-term market.
[RELATED: Hot Property: The biggest property headlines from week 6-10 November]
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