The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 28 August.
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.
NAB predicts September hike in major forecast overhaul
NAB has ripped up its rate outlook, while CBA and ANZ are now expecting a November hike after inflation came in hotter than expected.
Majors flag rate-rise risk after ‘hawkish’ RBA minutes
The major banks have said that a further cash-rate hike remains in play after the release of minutes from the RBA’s August meeting.
ANZ tips November hike after hot inflation print
ANZ has overhauled its cash rate forecast, while NAB has placed its outlook under review as July’s price data significantly reshapes the interest rate outlook.
Jobless uptick reduces chances of future hikes, majors say
The major banks have said that a lift in unemployment has eased the case for future cash rate increases.
National listings continue to decline
Agents could face a quieter spring, with vendors holding back as softer values, cautious buyers, and an uncertain rates outlook weigh on listing activity.
Seasonal activity spike to soften
While agents would typically rely on a surge in listing opportunities in spring following a slow winter period, according to John McGrath, this year may see softer activity.
Property downturn holds hidden opportunity for investors
Softer national conditions could be masking the next big opportunity, with savvy investors looking beyond headline figures to uncover markets where fundamentals remain strong.
Cheap property, strong prospects: 10 markets to watch
Overlooked markets are emerging as key areas to watch, with affordable entry points combining with the right fundamentals and long-term growth drivers.
[Related: Hot Property: The biggest property headlines from the week 17–21 August]
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