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The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 18 December.
Welcome to The Adviser’s weekly round-up of the stories that are getting big reads across Momentum Media’s property titles: The Adviser, Mortgage Business, Real Estate Business, Smart Property Investment and nestegg.
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We hope it helps inform you of the biggest issues shaping the mortgage and property markets.
Home buying plans jump in November
Home buying intentions have strengthened since the official cash rate was reduced in November, while motor vehicle spending intentions have also improved, according to the CBA.
NSW new mortgage activity hits two-year high
The number of newly originated mortgages on resi titles has hit a two-year high in NSW, with CBA continuing to take the lion’s share, new data shows.
Auction activity continues to rise, with more homes taken to auction across the combined capital cities last week.
‘Jaw-dropping’: Giant posts $6.68bn in November sales
Thirty-three days after Ray White reported its biggest month on record with $5.71 billion in property sales, the network has one-upped itself — breaking the $6-billion barrier in November.
New overhaul of NSW strata laws
The NSW government is inviting more than 1 million people to “have their say on how laws can be changed to improve the experience of the growing number of people living and working in strata communities”.
House prices set to rise by 25 per cent, economist hints
BetaShares’ estimates are based on the median capital city national established house price, combined after-tax income for a male and female couple earning average ordinary time earnings, a 10 per cent housing deposit and the average bank mortgage rate for new owner-occupier loans.
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