The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 8 December.
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:
Borrower relief this holiday season as RBA holds
The Reserve Bank of Australia has decided to pause the official cash rate in its last meeting of 2023.
Borrowers to feel the pain as APRA holds buffers
The prudential regulator’s decision to uphold the 3 per cent serviceability buffer will continue to challenge borrowers.
Government pushes forward with Digital ID
Legislation has been presented before the Senate that aims to “strengthen and expand Australia’s Digital ID System” and could speed up the loan process.
E-conveyancers ‘investing heavily’ following UK cyber attack
Local e-conveyancing providers are “taking several steps to ensure we remain vigilant” in the aftermath of the cyber attack overseas.
‘Double dip’ on the horizon for property prices, says economist
While a dwelling supply shortfall has had the upper hand this year, high interest rates and their lagged impact are now coming to the forefront, according to a lead economist.
The 5 Aussie markets being crushed by low supply
Soaring populations, plummeting listings, and double-digit rent growth – these five neighbourhoods are feeling the crunch.
REIA announces new president
The Real Estate Institute of Australia has unveiled an all-female leadership team – a first for the national body.
Victorian network unveils CEO succession plan
Long-serving chief executive Nick Dowling is set to transition into an executive chairman role for the Jellis Craig Group early next year.
[RELATED: Hot Property: The biggest property headlines from week 27 to 1 December]
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