The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 17 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:
Building activity slips as housing targets fall further from reach
The value of building work carried out on new housing fell over the quarter, new ABS figures have shown.
RBA signals cautious stance, says cash rate remains restrictive
The central bank has characterised monetary policy as “still a little restrictive” in its latest meeting minutes.
Expanded First Home Guarantee could lead to higher prices: RBA
The central bank’s governor has answered a number of questions on housing and inflation in an appearance before the Senate economics legislation committee.
BOQ’s home lending shrinks amid intense competition
The banking group grew commercial and asset finance lending during the year, but warned of a future squeeze on its mortgage book.
$1m median: Suburbs where prices are set to surge
Several suburbs are tipped to cross the million-dollar median mark, driven by a mix of affordability, strong infrastructure growth, and surging buyer demand.
Victoria overhauls rental rules with bond reforms
A new portable rental bond scheme in Victoria will allow renters to transfer bonds to new properties, providing landlords and agents with guaranteed protection and streamlined processes.
Perth selling spree: Houses snapped up in days
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.
Darwin surges as Australia’s market value soars towards $12tn
The national residential property market has been valued near $12 trillion, driven by lower borrowing costs, tight supply, and strong investment activity, with Darwin leading the growth.
[Related: Hot Property: The biggest property headlines from the week 6–10 October]
