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Hot Property: The biggest property headlines from the week 4-8 October

by Reporter10 minute read
Hot Property: The biggest property headlines from the week 4-8 October

The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 8 October.

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.

To compile this list, not only do we consider the week’s most-read stories and the news that matter to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.

APRA makes move on home loan buffers

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The prudential regulator is increasing the minimum interest rate buffer it expects banks to use in serviceability of home loans.

Serviceability buffers in RBA’s sights

Reserve Bank governor Philip Lowe has said regulators are looking to maintain lending standards and serviceability buffers at an “appropriate” level.

Association heads flag downside risks of buffer changes

The two mortgage broker associations have flagged potential risks of increasing serviceability buffers, including impacting refinancing capacity.

Owner-occupier lending dragged amid lockdowns

The value of new home loans declined by 4.3 per cent in August, as owner-occupier lending fell amid ongoing COVID-19 restrictions.

‘Days of the monolined broker are over’, SME lenders warn

“Brokers of tomorrow” will need to provide a full-service offering – including commercial loan writing – to meet borrower demand, a panel of business lenders has suggested.

REA Group to trial ‘financial passport’ for home buyers

Home buyers using realestate.com.au may soon be able to generate a “financial passport” to help them understand their borrowing capacity, as part of a new partnership with Frollo.

Concerns raised over impact of buffer change on FHBs

First home buyers could be hit the hardest by the latest round of credit tightening by APRA, according to some in the housing industry.

REIV reveals new president

A Melbourne real estate agent and business director has been elected as the new president of the Real Estate Institute of Victoria (REIV) for 2021-22.

When will international students return to the rental market?

Universities Australia-wide have felt the pinch of the pandemic, but they aren’t the only sector struggling due to a traditional reliance on international students.

Belle Property merger cements Melbourne footprint

Belle Property Sandringham is looking to up the ante once restrictions are lifted by joining forces with a duo from McGrath Estate Agents.

[Related: Hot Property: The biggest property headlines from the week 27 September to 1 October]

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