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The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 15 October.
Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the real estate sector, but also for the state of property in Australia 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 to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Victoria launches $500m home-buyer fund
The state has launched a new home-buyer fund, under which it will pay 25 per cent of the property purchase price if eligible borrowers have a 5 per cent deposit.
Treasurer bats for negative gearing
EXCLUSIVE: Treasurer Josh Frydenberg has highlighted housing taxes as a key issue ahead of the federal election, despite Labor abandoning its previous calls to scrap negative gearing.
Brokers play ‘fundamentally important role’ in competition: Frydenberg
The Morrison government “strongly supports” brokers and the role they play in providing competition, the federal Treasurer has told Momentum Media.
Victoria expands eligibility for build-to-rent concession
More Victorian rental properties will be eligible for a 50 per cent land tax discount following the state government’s expansion of its building incentive scheme.
The chief of BNK’s banking business will depart to lead rival ASX-listed bank MyState.
Hefty fines headed for unvaccinated agents in Victoria
From 15 October 2021, unvaccinated agents across Victoria could be hit with fines of more than $20,000 – or $100,000 for their agency – if they continue to work on-site without the jab.
Freedom Day: Navigating NSW’s ever-changing COVID restrictions
Lockdown restrictions across Greater Sydney and NSW may be lifting on Monday (11 October), but for the real estate industry, the road forward has felt anything but clear.
Be wary of suburbs that have grown too much
Investors would be well versed to heed the warning: “Past growth is not a predictor of future growth.”
Sea change lands Sydney director in Byron
A NSW agent is making a sea change of his own, swapping the streets of Sydney for the beach at Byron Bay.
[Related: Hot Property: The biggest property headlines from the week 4-8 October]
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