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Property news you need to know: The week ending 7 November

05 NOV 2021 • By Reporter • 3 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 7 November 2021:

  1. Adrian Bo joins family business

The high-performance coach and agent will be taking on a role as director at Ray White Park Coast.

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  1. RBA hands down November cash rate decision

It’s the rate that stops the nation. The Reserve Bank of Australia (RBA) has revealed its cash rate decision for November 2021.

  1. New home loan rules: What you need to know

From 1 November, banks must ensure that new home loan applicants would be able to repay their mortgage at a new rate – so what will this actually mean for would-be buyers?

  1. Smaller banks on edge watching APRA’s next steps

The chief of a banking industry body has warned any further lending controls APRA decides to implement has the potential to choke competition.

  1. Victorian landlords eligible for air conditioning rebate

Victoria has opened up an existing rebate for energy-efficient heating and cooling units to give landlords of residential properties access.

  1. 7/10 brokers unconvinced buffer changes will cool housing market

The majority of brokers remain doubtful that APRA’s buffer rate change will accomplish its intended effect, according to a new Hashching survey.

  1. Network appoints new national CEO

An internal appointment has seen the elevation of Harcourts Australia’s chief executive of growth to the top role.

  1. Owner-occupier lending falls for 4th month: ABS

The value of new home loans fell by 1.4 per cent in September, dragged mostly by a 2.7 per cent drop in the owner-occupier segment.

 

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RELATED TERMS

Investment
An investment is an asset or item purchased with the expectation that it will generate income or appreciate in value in the future.
Property
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.
Real estate
Real estate is a type of real property that refers to any land and its permanent improvement or structures that come with it, whether natural or man-made.
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