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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 24 December.
Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the mortgages 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.
Here are the biggest property stories of the week:
Government commits additional $500m for affordable homes
The federal government is providing an additional $500 million in low-cost financing to support 2,500 more social and affordable houses for vulnerable Australians.
‘A slap in the face’: Qld’s new land tax slammed
The Real Estate Institute of Queensland (REIQ) is accusing the state government of treating the property market like a “cash cow” it can milk for profit.
Australia makes top 5 for global house price growth
After six years, Australia has returned to a top-five position in a quarterly global house price index, having achieved 18.9 per cent annual price growth.
UK raises the cash rate – will Australia follow suit?
ANALYSIS: The Bank of England became one of the first major economies to increase rates since the pandemic first hit, but will Australia do the same?
Former director agrees to undertaking after historical underquoting
After admitting to numerous real estate agent law and regulation contraventions, a former Victorian western suburbs agency director has not lost his real estate licence but is not permitted to work in any executive or managerial roles for the next two years.
7 property predictions for 2022
The events of 2021 shaped the property market in ways both predictable and surprising, positive and negative. 2022 is shaping up to be no different, according to Ray White.
Qld property manager banned for flouting licensing laws
A Carseldine property manager who was found to be leasing dwellings and operating a trust account even though her licence had expired has been disqualified and fined $3,000.
CEO warns agents to ‘prepare for changes’ in 2022
Brace for a slowdown in the coming year, this chief executive is advising the profession.
[Related: Hot Property: The biggest property headlines from the week 13-17 December]
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