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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 10 May.
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:
Victorian Homebuyer Fund to end next year
The state government has earmarked an additional $700 million for its shared equity home buying scheme for its final year.
Law firm warns of soaring settlement scams
Hackers are increasingly targeting home buyers to scam them out of their settlement funds, according to Slater and Gordon Lawyers.
Housing market ‘far from healthy’: NHSAC
The National Housing Supply and Affordability Council has assessed Australia’s housing market in its inaugural State of the Housing System 2024 report.
RBA hands down May cash rate decision
Amid much speculation as to which way interest rates will go in 2024, the Reserve Bank of Australia (RBA) has shared its latest update to the cash rate target.
WA agent fined for selling wrong property to first home buyer
The mistake was not discovered until after the buyer had moved into her new home.
Real estate agents enlisted in money laundering crackdown
The so-called “tranche two” reforms have taken another step forward.
NSW property commissioner breaks silence on Netstrata
The state has launched an independent review into Netstrata’s practices following allegations the firm was charging excessive fees and taking kickbacks.
WA offers $5k incentive for vacant property owners to become landlords
A new incentive scheme for property owners to fill empty homes will be rolled out in Western Australia.
[RELATED: Hot Property: The biggest property headlines from week 29 April to 3 May]
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