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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 9 February.
Welcome back to The Adviser’s weekly round-up of headline stories and news that are important not only for the real estate sector, but also for the state of Australian property 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 most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Here are the biggest stories of the week:
RBA delivers first rate call of 2024
After two months of anticipation, the Reserve Bank of Australia (RBA) has revealed whether February will see a cash rate hold or a 14th rate rise.
Rental bidding out in Qld housing shake-up
Queensland’s housing plan is here, with the government unveiling new laws to govern renting across the state and incentives to encourage development, among other changes.
New look for a ‘new era’ of McGrath
Network founder and chief executive John McGrath unveiled a brand refresh to convey the firm’s commitment to “integrity, transparency and being more human”.
Construction loan volumes hit record low in 2023
Just 32,116 construction loans were issued to owner-occupiers in 2023, the lowest number ever recorded, according to new data.
WA only state to record more investor loans in 2023
New lending figures from the ABS have revealed which states were the leaders in investor lending growth in 2023.
Tradie under fire for accepting deposit for work never done
Home owners have been warned about the risks of paying large deposits upfront for work to be undertaken, after a Western Australian paver took a 50 per cent deposit for a job he never showed up to.
Mortgage repayments ‘still rising’: RBA
Interest repayments on household debt are set to continue increasing as more fixed-rate mortgages roll onto higher rates, the central bank has said.
Raine & Horne unveils ‘sleek and sophisticated’ brand refresh
The updated look aims to unify the network’s operations across the residential, commercial, and rural sectors.
Employee households ‘most impacted’ by mortgage interest charges: ABS
Living costs for employee households were most affected by mortgage interest charges, the ABS has revealed.
New mortgage lending drops for first time in 5 months
Despite rising home values, new home lending volumes dropped in December 2023, new ABS figures have shown.
[RELATED: Hot Property: The biggest property headlines from week 29 January to 2 February]
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