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The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 17 September.
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.
Mortgage deferrals rise 86% in a month: ABA
Home loan and business deferrals have escalated due to the latest COVID-19 outbreak, according to the Australian Banking Association.
Dwelling price rise strongest on record: ABS
Both residential property prices and the total value of residential dwellings recorded the largest quarterly rise on record, according to figures.
Government committee questions LMI structures
Members of Parliament are considering ways in which housing affordability can be improved, with one MP suggesting that LMI was a “rort” in need of reform.
Higher housing supply won’t kill price rise: RBA
Increasing housing supply will help combat rising prices but it’s “not a panacea”, according to a Reserve Bank economic adviser.
BOQ responds to criminal charges facing ME Bank
The group was aware of the home loan communication issues ME Bank is now facing criminal charges for, before it closed its acquisition.
REIV rebukes Victorian plan to ease real estate restrictions
The Real Estate Institute of Victoria has finally offered its thoughts on Dan Andrews’ plan to loosen restrictions around real estate when 70 per cent of the eligible population has at least one COVID-19 jab.
Why Sydney is seeing an investor exodus
Sydney’s rental vacancy rate has dropped to a four-year-low – and investor pressures are reportedly to blame.
Aussie property prices are rising like it’s 2003: Report
Australia has just recorded its highest rate of annual price growth since 2003, at 16.4 per cent.
Around the world: How far does $1m stretch?
The price of property in Australia keeps climbing – but how does it compare with the rest of the world?
[Related: Hot Property: The biggest property headlines from the week 6 to 10 September]
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