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Hot Property: The biggest property headlines from the week 9-13 May

by Reporter3 minute read

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The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 13 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.

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...

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Time taken to save a deposit hits record 11.4 years

Housing affordability has worsened, with the median time required to save a 20 per cent deposit blowing out to 11.4 years, according to a new ANZ CoreLogic report.

Australians tighten home-buying budgets

Spending on homes dropped in April, while Australians splashed on entertainment and travel, new data reveals.

Qld confirms review into HomeBuilder applicants

The state’s Treasurer has announced that Queensland will be re-examining applications that were rejected under the HomeBuilder scheme.

Deceptive marketing disputes rise in hot Qld market

A booming property market in South-East Queensland has brought with it a rising number of legal disputes over how properties are presented for sale, according to a local law firm.

Investor activity indicates where rentals are set to increase

Data just released by the Australian Bureau of Statistics (ABS) shows new lending to investors is on an upswing. Examining their areas of interest, an economist has pinpointed where an uptick in rental listings might follow.

The 20 Australian suburbs ‘heating up’ this winter

The latest quarterly Well Home Loans Green Shoots report has identified 20 national markets that present ample investment opportunities as national markets cool.

Stockdale & Leggo changes hands

It’s a changing of the guard for Peter Thomas, the agency’s long-time owner, who has revealed he’s stepping away from the business.

McGrath mega team hits $1bn milestone

Since officially merging 10 months ago, a multi-office group operating in Sydney’s west reports having transacted $1 billion in sales.

Brisbane property market update – April 2022

The Brisbane property market has again recorded strong price growth throughout the month of April 2022, according to the CoreLogic Hedonic Home Value Index, with dwelling price growth of 1.7 per cent.

[Related: Hot Property: The biggest property headlines from the week 2-6 May]

Hot Property: The biggest property headlines from the week 9-13 May
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