Hot Property: The biggest property headlines from the week 5 to 9 July

by Reporter•06:30 AM, 9 Jul 2021•10 minute read

The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 9 July.

Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the real estate sector, but also for the state of property in Australia more broadly.

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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.

Treasury launches consultation on giving brokers CDR data

Stakeholders have until 30 July to respond to a consultation on new rules that will allow consumers to share their open banking data with mortgage brokers.

Banks explain lagging turnarounds to Parliament

Big four and non-major banks have given their reasons for delayed turnarounds for the broker channel, which vary from technology to regulation and loan complexity.

‘Responsible lending’ issues among top consumer complaints

Credit cards and home loan issues were the most complained-about products in financial year 2021, with responsible lending issues frequently cited, according to AFCA.

RBA delivers first rate decision for FY21-22

The RBA has announced its decision for the official cash rate for July, as well as changes to strategies around its government bond-buying program.

Business as usual for Bowral agency gutted by flames

The owners of a Bowral real estate agency have been left reeling after a fire ripped through their office space and that of several other local businesses.

Perth’s property market sizzles despite ‘winter slowdown’

Despite the typical winter slowdown, Perth reported plenty of property hotspot activity in June.

Why an end to the property boom isn’t all doom and gloom for agents

There’s no doubt the market is going to correct at some point, but it’s not something that good agents should fear, according to John McGrath.

News Corp director makes network move

LJ Hooker has found itself a new South Australia state manager.

Why 2021 is still a good year to start your property journey

A booming property market shouldn’t intimidate first-time investors, but should encourage them to alter their goals, an expert has said.

Property investors may cop a hit this tax time, accountants warn

The past year has raised new tax issues for mum and dad property investors, with many expected to cop a hit this tax time.