Property news you need to know: The week ending 10 October
Smart Property Investment is pleased to present a weekly round-up of the biggest stories across property, investment, real estate, and finance, with thanks to Momentum Media.
Here are the biggest stories for the week ending 10 October 2021:
APRA hopes changing the rules around how banks assess the serviceability of home loans will cool rising household debt levels.
The Reserve Bank of Australia (RBA) has made a judgment call on the cash rate for October amid a flurry of debate around lending and ever-increasing property prices.
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.
The two mortgage broker associations have flagged potential risks of increasing serviceability buffers, including impacting refinancing capacity.
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.
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.
Belle Property Sandringham is looking to up the ante once restrictions are lifted by joining forces with a duo from McGrath Estate Agents.
The value of new home loans declined by 4.3 per cent in August, as owner-occupier lending fell amid ongoing COVID-19 restrictions.