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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 10 June.
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:
RBA reveals June cash rate decision
Amid much speculation, the Reserve Bank of Australia has handed down its last cash rate for the 2021-22 financial year.
New home loans sink across board over April: ABS
Owner-occupier and investor loan commitments fell over the month, affirming earlier predictions of a cooling housing market.
Tasmania’s housing legislation opens for review
Tasmania has invited the public to review its housing legislation, as it pledges to increase supply of social and affordable housing.
CBA tips capital city housing to dive over 2023
The major bank has updated its Australian property forecast, stating that homes across the country’s capitals will fall by potentially 10 per cent.
Home prices fall at fastest rate in over 30 years
Australia’s housing boom has crashed into the wall, with a new PropTrack analysis suggesting that growth has dropped to its slowest since 1989.
Brisbane clinches #10 spot on global price growth ranking
Three Australian capitals cracked the top 20 list of global cities that have recorded the strongest property price growth in residential prices over a 12-month period, according to a new report.
Following the Reserve Bank of Australia’s decision to increase the cash rate by its greatest amount in over 20 years, several lenders have already begun hiking mortgage rates.
How a lack of BDM training can harm business growth
Business development managers (BDMs) are integral to the success and growth of a real estate office, yet their training is often lacking, according to a network’s growth and development manager.
[Related: Hot Property: The biggest property headlines from the week 30 May to 3 June]
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