The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 27 March.
Inflation cools, yet banks flag CPI flare-up prompting further hikes
Inflation has edged lower, yet major banks have warned that energy price shocks could significantly push up inflation, heightening the chance of more cash rate hikes.
RBA says households can shoulder higher rates
The Reserve Bank of Australia (RBA) has said that most borrowers can absorb rising repayments and cost pressures as rate hikes accumulate.
Housing resale profits hit 20-year high
Strong resale outcomes reflect years of accumulated property value growth, according to Cotality’s latest research.
Mortgage borrowers pivot from savings to survival as rates rise
New data has shown households are reshuffling their cash flow after February’s rate hike, with mortgage holders now sacrificing savings to keep ahead on repayments.
Surge in profitability as 97% of regional resales record gains
The regions have led in dwelling profit-making in the December quarter, outdoing the combined capitals, as nationwide profitably surges to a 20-year high.
Growth and yields drive Melbourne’s high investor interest
Melbourne continues to recover, attracting more investors driven by high levels of value growth and rental yields across the city’s house and unit markets, according to recent reports.
Faulty work at 4 WA homes lands former building director in hot water
The former director of an insolvent Western Australian building company has been fined $33,000 for defective work at four homes.
Market shake-up: Supply, rentals, and new builds at risk under CGT changes
Industry bodies have warned that cutting CGT discounts and curbing negative gearing will deter investment, choke new housing supply, and intensify pressure in an already tight rental market.
[Related: Hot Property: The biggest property headlines from the week 16–20 March]
