The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 4 September.
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.
Housing downturn set to worsen as approvals collapse
CBA has revealed it now expects a deeper, longer property downturn, with ABS figures further showing housing construction momentum beginning to fade.
Help to Buy demand set to outstrip annual places
Housing Australia has revealed it is preparing for rising demand and has commenced work to manage the long-term complexities of shared-equity home ownership.
New Housing Australia chair appointed
A former Westpac executive has been appointed as the new chair of Housing Australia.
BNPL data reveals divergent consumer credit journeys
Experian’s first-year regulatory analysis has revealed that buy now, pay later is becoming a more nuanced credit signal.
Agents face tougher conversations as vendor discounting climbs
Rising listings, longer selling times, and deeper discounts could force agents to reset vendor expectations as buyer demand remains subdued.
Sydney leads national downturn as values continue to decline
The property market has continued to soften, with Sydney recording the largest drop while more than 90 per cent of suburbs across the combined capitals have declined, according to the latest data.
Regional and coastal properties to resist slowing market
While the national property market has slowed in recent months, regional centres, from coastal towns to mining hubs, have proven resilient in the face of a downturn.
9 in 10 suburbs record decline amid market downturn
Investors’ bottom lines have likely been hit once again, as property values fall in more than 90 per cent of capital city suburbs, with those in Sydney seeing the largest drop nationwide.
[Related: Hot Property: The biggest property headlines from the week 24–28 August]
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
