The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 6 February.
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:
RBA hikes cash rate for first time in over 2 years
The Reserve Bank Monetary Policy Board has begun a new tightening cycle, increasing the cash rate for the first time in two years.
Bullock warns inflation ‘too strong’ as RBA lifts CPI forecast
Reserve Bank governor Michele Bullock has said inflation is “too strong” for the RBA’s liking, as the central bank forecasts inflation to imminently tip into the low 4s.
Building approvals plunge 15% after November’s surge
A sharp reversal in multi-density projects drove December’s decline, reversing the previous month’s gains.
National house prices accelerate despite rate hike spectre
Fresh figures have revealed that national dwelling values continue to nudge higher amid tight supply and a mounting buyer squeeze.
Low stock, high prices: How can investors still reap benefits from the Perth market?
As Perth’s listings rapidly decline, investors can still maximise their profits by targeting specific suburbs, securing high-yield rentals, or selling their assets.
CGT discount cut: Labor reportedly leaves door open to changes
Investors could potentially see their CGT discount halved as the federal government reportedly considers cutting the current rate from 50 to 25 per cent, amid mounting pressure from unions.
$12m NT first home scheme extended
The Northern Territory government has announced the extension of its HomeGrown build grants program as it looks to solidify the future of Darwin’s rapidly shifting property market.
[Related: Hot Property: The biggest property headlines from the week 26–30 January]
