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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 6 September.
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 property stories of the week:
‘Higher mortgage interest costs’ slowing spending: Chalmers
As new GDP figures show the economy barely grew in the June quarter, the federal Treasurer flagged that consumer spending has plummeted as home loan costs bite.
Apartment surge drives approval growth
The total number of dwelling approvals rose 10.4 per cent in July, largely driven by an increase in approvals for high-density apartments.
Melbourne is now one of Australia’s cheapest capitals – here’s why
From government policies to tax settings, a lot has been blamed for Victoria’s housing slowdown, but the real story is more complex.
HIA calls out worst states for home approvals owing to planning delays
Planning gridlock is impacting the ability to get homes on the ground, according to the Housing Industry Association, and now the organisation is naming the states it sees as the worst offenders.
Up 20% in the past year, Perth house prices show no signs of slowing
The median house price is nudging closer to hitting a new milestone with each passing week, according to the Real Estate Institute of Western Australia (REIWA).
Victorian short-stay rental reforms unlikely to solve housing crisis, expert says
New powers granted to Victorian councils and owners corporations to restrict or ban short-stay rentals are unlikely to have a significant impact on the state’s housing crisis, according to an RMIT University expert.
Queensland property prices continue to soar, REIQ data shows
The Queensland property market has maintained its strong performance, with median sales prices increasing across the state, according to the latest data from the Real Estate Institute of Queensland (REIQ).
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