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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 29 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:
REA Group forecasts property market falls of 15%
Property prices are set to fall by up to 5 per cent by the year’s end, with further falls of up to 10 per cent likely by December 2023, according to new analysis.
Foreign investment fee increases to fund housing reform agenda
Foreign investment fees will be doubled from Friday (29 July) as part of the Albanese government’s move to deliver its housing reform agenda.
Government looks to add more majors to Home Guarantee Scheme panel
The NHFIC is calling on ANZ and Westpac to put forward proposals to join the Home Guarantee Scheme panel from 30 September.
Home loan commitments stick above decade average: CommSec
The latest State of the States report has shown home loan commitments remained above decade averages despite the cost-of-living pressures.
Rockingham agency fined $23k for trust account failings
A Perth real estate agency and its licensee have been ordered to pay a penalty of $23,000 by Western Australia’s State Administrative Tribunal for failing to lodge tenancy bonds.
Overseas rental searches spike – here’s where tenants are looking
Medium and long-term arrivals to Australia are ramping back up, as evidenced by the jump in listings searches from overseas locations being fielded by a major property portal.
The state of pet-friendly rentals
The isolation of COVID-19 caused many shifts in Australians’ lifestyles, not least among them the accrual of a furry companion. But with a third of the population renting, has this had an impact on the listings landscape?
Buyer wins right to back out over undisclosed nasty neighbour
The purchaser of a unit has been found rightfully able to cancel an almost $400,000 contract after not being informed of issues with a neighbouring owner during the course of the sale.
[Related: Hot Property: The biggest property headlines from the week 18–22 July]
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