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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 14 June.
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:
SA stamp duty abolition could drive up house prices: Brokers
South Australian brokers have expressed concern over the abolition of stamp duty for FHBs, fearing that the policy could further increase house prices.
The major bank has cited “several factors” contributing to the change of its cash rate call.
Perth property listings down 41.5% YOY: REIWA
As supply has continued to undercut demand, the amount of properties listed for sale has plummeted in Perth, according to the institute.
Australia’s median house price is up 7.6% YoY
Australia’s median house price is now $1.03 million, according to the latest data from the Real Estate Institute of Australia (REIA).
Inspection provider kicks off major rebrand
Before You Bid has rebranded under a new name, signalling the start of a new era for the company.
Qld’s new rental laws are now in effect
Price hike restrictions, domestic violence provisions, and mandatory training for agents are just some of the changes that have now kicked in.
Why Millennials are driving the rentvesting trend
One in five first home buyers are purchasing property to rent out, not to live in. What’s behind the meteoric rise of young investors?
Does Qld’s stamp duty reform go far enough?
The threshold for the state’s first home owner concession on transfer duty has been raised, alongside land tax and transfer duty surcharges for foreign investors as Queensland looks to combat affordability challenges.
[RELATED: Hot Property: The biggest property headlines from week 3–7 June]
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