The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 9 October.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Vast majority of aspiring buyers likely to use a broker
New research has revealed prospective purchasers increasingly want support when navigating home loan decisions.
Credit fears fuel push to overhaul reporting rules
An industry and consumer alliance is calling for major changes to the credit reporting system as new research exposes barriers to competition.
Discharge practices worsen as brokers lash banks
Brokers have said that discharge requests are increasingly becoming the gateway to a lender’s best retention offer.
RBA finds borrowers resilient as economic pressures build
The central bank’s latest review has found that most households and businesses appear to be well placed to manage more challenging conditions.
‘Yields are improving’: Opportunity for investors as rents flatline
As rental growth stalls, investors can still unlock opportunities for strong returns, with record-high rents and falling purchase prices allowing for improved gross yields.
‘Buyers are doing the math’: Auction market feels shock from rate rise
Clearance rates fell to their lowest in more than three months last week, with investors urged to capitalise on higher negotiating power while taking higher borrowing costs into account.
Unit growth heats up across the east coast
Unit values have continued to surge nationwide, outperforming houses in most markets, with new high-rise apartments gaining growth momentum.
Rental growth hits the ceiling: Why PMs need to rethink pricing
Accurate pricing will be more important than ever for property managers, with last quarter’s flatlining rents suggesting tenants have reached their affordability limits.
[Related: Hot Property: The biggest property headlines from the week 28 September–2 October]
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