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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 29 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.
Brokers will dictate future of Choice, FAST, PLAN: White
After its management restructure, Loan Market Group will continue to consult with brokers to decide the fate of the three aggregator brands.
Rethink capital gains tax, NSW tells federal government
The state government has urged for a review of housing tax settings, stating the capital gains tax discount unfairly advantages investors and erodes affordability.
NAB unveils updated dwelling price forecast
With low interest rates and income support expected to soon disappear, the major bank has released a revised dwelling figure.
Expand comprehensive credit reporting, say lenders
The Australian Finance Industry Association has called for comprehensive credit reporting to be extended to smaller specialist lenders and fintechs, in order to boost competition.
$3m+ in trust account transfers land Victorian director in legal trouble
A former real estate agent, who was the officer in effective control and the sole director of an agency, has been prosecuted for withdrawing more than $3 million from a trust account before depositing the money back into that account at a later date.
‘Call it what it is’: Why this CEO is concerned by CBA’s latest deal
A network chief executive has decried the new Commonwealth Bank deal with :Different, warning business owners and property managers that they could soon be facing competition issues.
The rising price tag for new builds
The cost of building a new home has risen substantially over the past year, with increases in land prices compounded by a materials shortage, according to a report.
Investors flock to Qld as vacancy rates stay ridiculously low
Showcasing the popularity of Queensland as an investor haven, new investor loan commitments in the state reached $1.86 billion in August alone.
NSW short-term rental accommodation rules kick off 1 November
From next week, the new short-term rental accommodation (STRA) provider rules for NSW will finally come into effect after widespread backlash delayed their start.
The Agency talks growth strategy
ASX-listed The Agency is pulling the curtain on the strategy that’s fed the company’s exponential growth since going public in December 2016.
[Related: Hot Property: The biggest property headlines from the week 18-22 October]
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