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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 31 March.
Welcome to The Adviser’s weekly round-up of 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:
Arrears begin to tick up: Fitch Ratings
Australia’s 30+ day mortgage arrears rose by 11 bps in the three months to December and are expected to continue to rise as inflation and rate rises impact borrowers, the credit ratings agency has said.
Brokers ‘must diversify to survive’
The current economic headwinds have opened opportunities for brokers to diversify their offerings as the SME sector is neglected by mainstream lenders, according to non-bank and SME specialists.
Millions of ID documents stolen in Latitude attack
Around 7.9 million driver’s licence numbers and hundreds of thousands of passport numbers have been stolen in the major cyber attack, Latitude has revealed.
Rate pause expectations strengthen as inflation falls
A sharper-than-expected fall in annualised inflation has supported mounting expectations of a pause in the Reserve Bank’s (RBA) monetary policy tightening cycle.
NSW has a new leader; How does he intend to move on property?
NSW’s newest Premier Chris Minns declared Labor’s election victory a “golden opportunity for a new government — a young government — to look at what the future can be”. So what’s in store for the state’s property sector?
Self-reported trust account abuse leads to 900+ charges for former agent
The Dandenong man allegedly misused approximately $75,000 in trust account funds.
‘Sad puppy score’ ranks Australia’s least pet-friendly suburbs
With pets often viewed as an extended member of the family, a new report has ranked Australia’s worst suburbs when it comes to accommodating tenants’ non-human relatives.
Qld to limit rent increases to once a year
The Palaszczuk government says it wants to give the state’s renters “a fair go”, releasing its plans to stabilise rental prices across Queensland.
[RELATED: Hot Property: The biggest property headlines from week 20-24 March]
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