The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 24 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:
Record number of housing markets hit million-dollar milestone
More Australian housing markets than ever now have a median housing value of $1 million, according to new research from Cotality.
Markets lift bets on November rate cut
Financial markets have priced in around a 70 per cent chance of a November rate cut.
Big 4 banks drive surge in higher-risk lending
The majors are lending to more borrowers with deposits of 5 per cent or less, and the trend looks set to continue.
Property investor share of new lending hits 8-year high
Investors continue to make up an oversized share of property loan volumes and values.
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.
Strong returns and affordability put Vincent on investors’ radar
As one of Townsville’s fastest-growing suburbs in Queensland, Vincent offers affordable housing, high rental yields, and strong growth potential.
Rental bidding crackdown: Property platforms adopt fixed pricing
Agents and rental providers will be barred from advertising rental properties without a fixed price, with two real estate platforms upgraded to support the crackdown on rental bidding.
First home buyer scheme extended in NT
More Northern Territory residents will be able to own a newly built home after the government passed a bill to extend its First Home Owners Grant.
[Related: Hot Property: The biggest property headlines from the week 13–17 October]
