The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 17 April.
Higher rates and lower confidence reduce house price forecasts
A combination of higher interest rates and weaker confidence has seen one major lender rejig its house price forecasts for the years ahead.
Market shifts forcing deposit scheme users to compromise
While detractors have warned that the government’s 5 per cent Deposit Scheme is fuelling demand, brokers have revealed the scheme is spurring supply on the ground.
Supply squeeze doubles WA and Qld house prices
Fresh Cotality data has shown population growth surging ahead of construction, reshaping prices and competition across a number of states.
Westpac warns consumer slump won’t stop rate hikes
Australians’ confidence has slumped back towards pandemic‑era lows, yet Westpac has said it still expects the Reserve Bank to press ahead with more rate rises.
Perth and Brisbane prices to boom as tighter lending tests agents
As house prices are projected to rise in Perth and Brisbane, agents will have better commission opportunities, but shrinking borrowing power means they’ll have to work harder to close deals.
Delays, risk, and confusion: Qld’s seller disclosure laws create complexity
The property industry has continued to see complexities and uncertainties arising from Queensland’s seller disclosure laws more than eight months after their first rollout.
Cooling autumn market forces sellers to reset expectations
With clearance rates set to further dwindle this autumn as economic factors impact buyer confidence, sellers have been reminded to keep realistic pricing and focus on creating engaging campaigns.
New airport sees more buyers land in Western Sydney
The impending opening of the Western Sydney International Airport has significantly reshaped the region’s property market, providing investors with an opportunity to get in on the ground floor.
[Related: Hot Property: The biggest property headlines from the week 6–10 April]
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