The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 23 October.
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.
FHB loan sizes jump as rate rises blunt 5% Deposit Scheme saving benefits
First home buyer mortgages have climbed substantially since the federal government expanded its 5% Deposit Scheme, while rate rises have eroded its upfront financial benefits.
FHBs increasingly being edged out of new housing market
First home buyers’ foothold in new housing is shrinking as financial pressures reshape market participation.
‘Nightmare’: RBA’s inflation warning puts another hike in play
Borrowers face renewed rate pressure as the Reserve Bank confronts worsening inflation and wavering confidence.
Borrowers reveal why they are deserting the housing market
Australians across the country are delaying property purchases while waiting for cheaper homes and steadier interest rates.
Sydney and Melbourne headline capital city exodus
Population migration data into regional centres hit a high, with Sydney and Melbourne leading the capital-city outflow.
‘This too shall pass’: Auctioneer dismisses Brisbane’s 17% clearance rate
As Brisbane’s auction clearance rate plummets to 17 per cent, an auctioneer has dismissed the bleak data, insisting the market outlook is more optimistic on the ground.
RBA’s ‘nightmare’ warning puts property market on edge
A fifth rate hike is looming after the RBA has warned inflation was far worse than expected, raising the prospect of a 17-year cash rate high and throwing the property market into a new phase of uncertainty.
To refinance or wait? Why a cheaper rate could cost investors their next property
Investors rushing to refinance before another rate hike could secure cheaper repayments but sacrifice hundreds of thousands of dollars in borrowing power if they choose the wrong lender. Here is what to know before refinancing.
[Related: Hot Property: The biggest property headlines from the week 12–16 October]
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