The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 31 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:
Big 4 bank rules out further rate cuts
A major bank has suggested that Australia is at the end of its rate-easing cycle, while another has revised its cash rate forecast.
RBA will not ‘leap at a single number’ with cash rate call
Ahead of the release of quarterly inflation figures, the central bank’s governor has sought to downplay the impact of one-off changes to inflation and unemployment.
Inflation accelerates, dimming hopes of November rate cut
Trimmed mean inflation has accelerated to hit the top of the RBA’s 2–3 per cent target band, reducing the probability of a rate cut next week.
RBA governor labels housing supply ‘very knotty problem’
The central bank chief has said that a shortage of skills in the housing industry is a major barrier to boosting housing stock.
Top 10 NSW suburbs for first property buyers
The top 10 NSW suburbs for first home buyers have been revealed, led by a north-western Sydney suburb offering affordability, convenience, and strong growth potential.
Sydney Metro cuts commute, boosts home value
Properties near Sydney Metro stations have sold for notable premiums, with houses up to 16.6 per cent and units up to 24.4 per cent, showing the public transport network’s impact on the market.
WA rental supply to be boosted by BTR scheme
The introduction of a new build-to-rent scheme by the Western Australian government will stimulate large-scale developments and improve rental supply.
International commercial investors shun Victoria’s tax-hit market
Global investment in Victoria’s commercial property market has dropped sharply over the past three years, prompting industry calls to cut foreign investment taxes to retain international investors.
[Related: Hot Property: The biggest property headlines from the week 20–24 October]
