The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 5 November.
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.
Owner-occupier lending falls for 4th month: ABS
The value of new home loans fell by 1.4 per cent in September, dragged mostly by a 2.7 per cent drop in the owner-occupier segment.
The Reserve Bank has confirmed its rate decision for November, as talk of a faster-than-expected rise has fired up.
Smaller banks on edge watching APRA’s next steps
The chief of a banking industry body has warned any further lending controls APRA decides to implement has the potential to choke competition.
7/10 brokers unconvinced buffer changes will cool housing market
The majority of brokers remain doubtful that APRA’s buffer rate change will accomplish its intended effect, according to a new Hashching survey.
Brokers to shape new AFG-Volt mortgage
The development of AFG’s new Sparc mortgage, funded by Volt, will be determined by broker feedback, the chief executives of the two companies have revealed.
AFG launches PFM app and new white-label loan
One of Australia’s largest mortgage aggregators has launched a personal finance app and a white-label home loan product, powered by Volt.
Adrian Bo joins family business
The high-performance coach and agent will be taking on a role as director at Ray White Park Coast.
New home loan rules: What you need to know
From 1 November, banks must ensure that new home loan applicants would be able to repay their mortgage at a new rate – so what will this actually mean for would-be buyers?
Victorian landlords eligible for air-conditioning rebate
Victoria has opened up an existing rebate for energy-efficient heating and cooling units to give landlords of residential properties access.
Network appoints new national CEO
An internal appointment has seen the elevation of Harcourts Australia’s chief executive of growth to the top role.
[Related: Hot Property: The biggest property headlines from the week 25-29 October]
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