The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 29 May.
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.
CPI falls as banks predict June hold
Inflation data for April has come in lower than expected, with the major banks now forecasting the Reserve Bank to keep the cash rate on hold at its June meeting.
Broker calls for urgent action on ‘uncompetitive’ defence home loan scheme
Military personnel may be paying up to $130,000 more on their mortgage because of an uncompetitive federal scheme, a broker has warned, urging the government to overhaul the system.
MFAA: Brokers swamped by investor queries after budget
A new MFAA webinar has confirmed that investor clients are already flooding brokers with questions about Labor’s capital gains and negative gearing overhaul.
Albanese locks in CGT, negative gearing bill date
Prime Minister Anthony Albanese has confirmed when his housing‑focused tax overhaul will hit Parliament while signalling that carve‑outs could stretch beyond tech start‑ups.
Property prices set to fall further before the next growth cycle begins
Two weeks out from one of the most significant budget decisions in decades, the housing market is likely to remain resilient to the changes, with the fundamentals continuing to support activity.
Buyers given boost of confidence as inflation drop signals rate hold
Headline inflation softened slightly in April, with a potential rate hold expected to steady borrowing conditions and support renewed buyer confidence across the property market, opening a window of opportunity.
Banks split on cash rate sentiment
The property market could see a period of reprieve, with potentially no more rate rises before August, stabilising sentiment, as banks are split on cash rate expectations.
‘Pretty poor’: Auction market remains dismal despite early clearance rate rise
Preliminary clearance rates for the combined capitals jumped slightly last week, but an auctioneer has warned not to read too much into early data as buyers continue grappling with affordability pressures.
[Related: Hot Property: The biggest property headlines from the week 18–22 May]
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