Property news you need to know: The week ending 24 October

22 OCT 2021 By Grace Ormsby 9 min read Hotspots

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.

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Here are the biggest stories for the week ending 24 October 2021:

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  1. NSW agent banned, slapped with $75k compensation order

A Milton property manager has been banned from working in the real estate industry and ordered to pay $75,000 in compensation after she pleaded guilty to stealing from clients.

  1. ‘The whole world’s going that way’: Why property management must keep up

Property managers would do well to stay up to date with the trends that are taking place across other industries, according to this CEO.

  1. Brisbane emerges as property powerhouse

Brisbane has solidified its position as a property market hotspot by reaching new record highs amid the pandemic, according to a new analysis. 

  1. RBA unwavering on monetary targets

The central bank has refused to budge from its inflation target range and time frame to raise rates while acknowledging that less accommodative monetary policy could curb house price and credit growth.

  1. Sydney to get ‘sugar hit’ from NSW reopening

The expected influx of travellers into NSW starting next month will give Sydney’s economy a much-needed shot in the arm, according to experts. 

  1. It’s time property management seriously looked at an alternative to the trust account

Theft from an agency’s trust account is once again in the headlines, further damaging the reputation of the real estate industry.

  1. Non-major bank launches digital signatures

Customers of the non-major bank are now able to digitally review and sign home loan contracts and mortgage documentation.

  1. Key takeaways from the Treasurer

Property appears to be front and centre of the federal government’s economic agenda, so what should the real estate industry expect from the government in terms of economic recovery and the property sector? 

  1. Home loan delinquencies to creep up: Moody’s

Mortgage delinquency rates are tipped to increase moderately over the rest of the year, with Moody’s expecting economic aftershocks to linger from the lockdowns.

  1. Brokerages to integrate as one brand

Mortgage Choice and Smartline will operate under one brand, effective in 2022, according to the REA Group.

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