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ISCOVER
Here’s the weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 12 February.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
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CBA focused on turnaround times
Matt Comyn has said the major bank has a “disciplined focus on turnaround times”, but that it’s “easier” to improve speed via the proprietary channel than broker.
Aussie settlements rose 11% in 2020
Aussie Home Loans has announced that its settlement volumes rose by 11 per cent in the 12 months ending 31 December 2020, driven by demand from refinancers, home buyers and ‘next home’ buyers.
NAB opens waitlist for FHLDS reissuance
The major bank is among the first to open a waitlist for those wishing to apply for one of the soon-to-be reissued First Home Loan Deposit Scheme guarantees.
Macquarie has announced that it will welcome a new managing director and CEO following the retirement of Mary Reemst.
CBA reports strong lending growth
Mortgage and business lending both rose in 1H21, but the major bank’s profit dropped 20 per cent as a result of low interest rates and the COVID pandemic, according to new figures.
Suncorp to withdraw from personal lending
The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home lending”.
Why this agency isn’t going off-market
Bucking a trend in which agents are finding off-market buyers to make offers on properties, a Brisbane-based agency has kicked off a new campaign that wants sellers to “Sell Loud”.
RBA washes hands of property price boom
Reserve Bank of Australia governor Philip Lowe has reiterated the bank’s stance on a property boom, stating that it holds no responsibility for house price targets.
Ray White: ‘We do not condone violence in any form’
The real estate giant has responded to the news that Ray White Balmain principal Karl Howard is being held under police guard on allegations he attacked two women – one with a samurai sword.
Network nabs executive as head of sales
After more than 15 years at a competitor, an executive has made the leap to a rival brand. Troy Malcolm has been appointed to a newly created role of head of sales at LJ Hooker.
Why his expert doesn’t expect the regional appeal to last
A certain class of individuals is heading to the regions, with their city jobs in tow, as a direct result of the shifting mindset created by the COVID-19 pandemic, but will this trend last and should investors heed the shift?
Hockingstuart makes first foray out of Victoria
The Victorian network is heading north to NSW in a milestone out-of-state venture.
10 small Aussie towns with big property price growth
COVID-19 has altered the dynamics of real estate, putting the spotlight on regional towns as more people look to swap the city rush with the laidback regional lifestyle.
[Related: Hot Property: The biggest property headlines from the week 1-5 February]
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