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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 13 August.
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.
CBA chasing brokers as flows slow
The big four bank has boosted its investment in the broker channel, as the proportion of mortgages written by brokers has dipped to 39 per cent.
Treasury to amend DDO requirements
The government will change broker obligations under the design and distribution obligations regime, following industry feedback.
Law passes to extend digital signature usage
The government has passed legislation enabling digital signatures to be used on documents until 31 March 2022, with plans to introduce permanent reforms later this year.
The major bank has entered into an agreement to buy Citigroup’s Australian consumer business for approximately $1.2 billion.
RBA watching lending for year ahead
The Reserve Bank and fellow watchdog APRA are preparing to arm themselves should lending standards deteriorate, with its governor saying he “couldn’t rule it out within the next year”.
Byron Bay saga could result in real estate crackdown
Concerns have arisen around the “loophole” that allows Sydneysiders to leave the city to inspect properties, after a COVID-19 positive man travelled to Byron Bay.
Angus Raine leads vaccine call to arms
The Raine & Horne chairman has urged the real estate industry to get vaccinated.
Network adds 12 new offices through lockdown
Hard-hitting COVID-19 restrictions haven’t hindered one real estate brand’s ability to attract new offices across Sydney, Newcastle and the Hunter Region.
REIV pens letter to the Premier
Ahead of a potential extension to Victoria’s latest lockdown, the REIV is again calling for change to restriction rules.
Property investors locking in their gains while rental yields are ‘historically’ high
Data suggests that investors are moving to consolidate their profits while they can.
Brisbane property market update July 2021
This article will highlight what has been happening in the Brisbane Property Market during July 2021.
[Related: Hot Property: The biggest property headlines from the week 2 to 6 August]
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