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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 15 July.
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:
Borrowers expected to switch lenders amid rate hikes
Brokers prepare for a surge in refinancing, following the central bank’s decision to raise the cash rate by 50 bps.
FHB schemes ineffective at bringing equity to housing: AHURI
Australia’s initiatives to allow first home buyers to enter the market are expensive and largely benefit existing home owners, according to a new report.
The major bank has announced emergency grants of up to $1,000 will be available to customers impacted by the widespread flooding across NSW.
Rates to boost by 50 bps, pause by September: Westpac
The bank’s chief economist has pitched its latest Reserve Bank prediction, predicting another half-percentage hike next month, followed immediately by a freeze.
Housing key driver of incoming inflation: ANZ
The bank has tipped inflation to have increased over this year’s second quarter, naming housing as a major contributor to the bump.
The network has acquired a century-old Launceston business as it makes its first foray into the island state.
Prospective renters lose $23,500 in agency email hack
Scammers who hacked into a Perth western suburbs’ real estate agency’s email account were able to steal thousands from two prospective tenants.
Coronis slams ‘inadequate’ Home Guarantee Schemes
The group’s chief executive, Andrew Coronis, has questioned whether the federal government’s initiatives are enough to combat affordability.
How a ‘nurture’ team aims to ensure members stick around
A new team within Place Estate Agents offers amped-up support for the professionals in its network.
Latest law reforms could lead to Qld investor exodus
New Queensland rental legislative reforms could have a damaging impact on the industry, according to the Real Estate Institute of Queensland (REIQ).
[Related: Hot Property: The biggest property headlines from the week 4-8 July]
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