Property news you need to know: The week ending 5 December

03 DEC 2021 8 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.

Here are the biggest stories for the week ending 5 December 2021:

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1. Property value-to-income ratio hits peak: ANZ, CoreLogic

The national dwelling value-to-income ratio reached a record high in the June quarter, according to a new data analysis.

2. ‘Nonsensical’: Economist shuts down 10% price drop talk

A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly shut down by an economist.

3. APRA to raise capital required against interest-only mortgages

Higher risk lending could become less profitable for the banks, with new standards to require more capital set aside for interest-only and investor loans.

4. ASIC sues banking giant for real estate referrals

The corporate regulator is pursuing the bank for its acceptance of home loan referrals from unlicensed third parties, including real estate representatives.

5. Is there a chasm between real estate agents and trusted advisers?

Should real estate agents be considered as trusted advisers in the same vein as accountants, lawyers, mortgage brokers and financial planners? Tom Panos has weighed in.

6. Brokers write two-thirds of Australian mortgages

Mortgage brokers wrote a record 67 per cent of all new residential home loans in the September quarter, according to MFAA data.

7. Banks announce disaster relief for flood victims

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