The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 10 October.
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 property stories of the week:
Most Australian mortgagors remain resilient as pressures ease: RBA
Australian households with mortgages remain well-positioned to meet repayments and maintain financial buffers, even as many face ongoing budget pressures, according to the central bank.
Bluestone Home Loans cuts rates despite RBA call
Another lender has moved out of market and reduced interest rates on its products, despite the central bank’s decision to hold the official cash rate last week.
The former MoneyPlace CEO has joined PEXA as its new chief customer and commercial officer, alongside several other executive team appointments, as the settlement platform ramps up growth.
Bluestone Home Loans expands range with new expat loans
The lender’s new expat loans have been designed to offer Australians living overseas competitive rates and flexible assessments.
ACT licensing scheme to boost property developer accountability
A new scheme in the ACT requires residential property developers to be licensed to work on larger housing projects in a bid to boost accountability and public trust in the industry.
Rental shortage sparks record-low vacancies and surging rents
A rental shortage has slashed vacancy rates, driving up rents, boosting owners’ income, but adding mortgage pressure and fuelling inflation.
Perth market sizzles: Fast sales and high demand continue
Perth’s property market has remained hot, with homes selling in days, low stock, and hesitant sellers driving competition, prompting buyers to act fast or risk missing out.
‘Once in a cycle’ opportunity for Melbourne investors
Investors are being encouraged to consider the Melbourne property market, as the city begins to bounce back from slower-than-average returns, according to industry experts.
[Related: Hot Property: The biggest property headlines from the week 29 September–3 October]
