Here’s the weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 15 January.
Welcome to The Adviser’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
According to the December 2020 Residential Mortgage Activity report from NSW Land Registry Services (NSW LRS), there were 249,254 mortgages registered on NSW residential titles over the year – up nearly 14 per cent on the prior year.
The growth was strongly propelled by refinance activity, which rose 22 per cent year-on-year as the country as a whole saw record-low interest rates and lenders offer competitive cashback offers.
National Australia Bank has released a new disaster relief package for customers affected by the recent bushfires in Lucindale in South Australia.
More than 100 people from the town of Lucindale in the state’s south-east had been forced to evacuate their properties on Monday (11 January), as grass fires threatened the town.
Brokers believe that refinancing activity will continue to drive mortgage activity in 2021, according to a non-bank lender’s latest research.
According to Resimac’s monthly broker survey, the majority (40 per cent) of broker respondents predicted that refinancing will continue to drive home loan activity in 2021, following strong growth in 2020.
The Northern Territory government has extended its BuildBonus grant to 31 March 2021, after experiencing a surge in applications at the end of last year.
The BuildBonus grant, modelled off the federal government’s HomeBuilder program, initially gave Territorians access to a grant of $20,000 to build their own home.
The Western Australian government will be expanding the application of its Residential Rent Relief Grant Scheme to incentivise landlords who maintain tenancies and avoid evictions post-March 2021.
As Australian property markets recover from a tumultuous 2020, most experts believe that this new year is shaping up to be stellar for real estate.
Property Investment Professionals of Australia’s chairman, Peter Koulizos, said that 2021 will be a better year than 2020, particularly for the residential property market, as capital cities are expected to see a higher rate of value increases.
The Western Australian capital concluded 2020 on a property sales high, as forecasts for the coming year predict further price growth of between 6 and 10 per cent.
2021 is tipped to be a big year for the property market despite a number of well-known economic challenges in the form of sluggish growth and trade tension.
But according to Knight Frank, the outlook remains bright as the market continues to respond positively to low interest rates and the weight of private and institutional capital seeking to be deployed.
Two real estate business performance trainers have become the newest franchise recruits for Ray White.
With more than 25 years of industry experience between them, Jessica King and Kirrilli Cobley have started a venture of their own, after their most recent roles as corporate Queensland performance executives at Ray White.
A Sydney-based, family-owned business is both spreading its wings and returning to its roots with the alignment of a Malabar agency.
Kicking off the new year, NGFarah has revealed that it will be joining with South Eastern Realty this month.
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