Momentum Media’s weekly round-up of the biggest news headlines from the week ending May 6.
Welcome to our weekly round-up of advisors that are important not only to the mortgage sector, but more broadly to the state of property in Australia.
To compile this list, we not only consider the week’s most read stories and news stories that matter to you, but we tailor it to include stories from our partner brands that have a bearing on the Australian property landscape. also has an effect.
Introducing this week’s biggest property story…
Rising inflation will enter housing market: CoreLogic
With inflation peaking and rising liquidity rates, mortgage demand and home prices are likely to decline earlier than expected.
RBA brings down the much-awaited May cash rate
The Reserve Bank of Australia has released its cash rate for May amid widespread speculation it will be the month to break a record low since November 2020.
Home ownership and housing affordability plans for labor backed by industry
Anthony Albanese has promised that a Labor government will cut the cost of a mortgage by up to $380,000 for some eligible Australians under its Help to Buy scheme – details of which were widely appreciated in the real estate sector.
National housing price benefit slowest since 2020
CoreLogic’s Home Value Index (HVI) posted its lowest monthly growth since October 2020, driven by slow growth in the country’s two largest markets.
WA woman loses $732k in settlement scam
Email communication between a home buyer and a settlement agent was hacked last month, resulting in huge loss to the property buyer.
The nation’s capital says no-cause evictions
According to the ACT government, the plan to remove unreasonable evictions from Canberran residential tenancy agreements has been “warmly welcomed” by tenants.
REIV announces new president
The Real Estate Institute of Victoria (REIV) has revealed that a former president will take on the role once again, set to serve until October 2022.
Property Market Update: Perth, March 2022
The reopening of Western Australia’s borders gave Perth’s property market its second wind in March, as the city saw a surge in monthly growth amid Australia’s slowing pandemic boom.