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The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 6 May.
Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the mortgages 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.
Here are the biggest property stories of the week...
Amid a peak in inflation and a looming cash rate rise, mortgage demand and house prices are tipped to slide earlier than expected.
RBA hands down much-awaited May cash rate
The Reserve Bank of Australia has released its cash rate for May amid wide speculation this would be the month to break the record low that has been held since November 2020.
Labor’s home ownership and housing affordability plans backed by industry
Anthony Albanese has promised a Labor government would cut the cost of a mortgage by up to $380,000 for some eligible Australians under its Help to Buy scheme – the details of which were largely applauded across the real estate sector.
National housing value gains slowest since 2020
CoreLogic’s Home Value Index (HVI) has recorded its lowest monthly growth since October 2020, impacted by the slowing growth of two of the nation’s largest markets.
WA woman loses $732k in settlement scam
Email communications between a home buyer and settlement agent were hacked last month, resulting in the hefty loss for the property purchaser.
Nation’s capital says no to no-cause evictions
The planned removal of no-cause evictions from Canberran residential tenancy agreements has been “warmly welcomed” by tenants, according to the ACT government.
The Real Estate Institute of Victoria (REIV) has revealed a former president will once again take on the role, set to serve through to October 2022.
Property market update: Perth, March 2022
The reopening of Western Australia’s borders gave Perth’s property market its second wind in March, as the city saw a boost in monthly growth amid Australia’s slowing pandemic boom.
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