Top Real Estate News: Latest Headlines from 27th to 31st March

Rewritten: Written by Adrian Suljanovic at 5:40 AM on March 31, 2023, this blog post can be read in approximately five minutes.

Here are the highlights of the major news stories from Momentum Media's portfolios related to property for the week ending on March 31st.

Greetings! It's time for The Adviser's weekly roundup of noteworthy news and headlines that significantly impact the mortgage industry and the real estate market in Australia as a whole.

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In order to create this lineup, we don't just take into account the most popular stories from the week and the news that's relevant to you. We also meticulously select stories from our affiliated brands that have an influence on the real estate market in Australia.

The credit ratings agency has reported that Australia has experienced an increase of 11 basis points in mortgage arrears that lasted over 30 days in the last three months of 2020. This trend is expected to continue due to the effects of inflation and rate increases on borrowers.

In order to stay alive in the industry, brokers must broaden their range of services. This means offering more than just one type of product or service. By doing this, brokers can appeal to a wider customer base and increase their chances of success. Failure to diversify could lead to stagnation and ultimately, failure. It's crucial for brokers to adapt to changing market conditions and offer competitive services to remain relevant in the industry. In short, diversification is key for brokers to withstand the challenges of the unpredictable market.

A fresh report has listed the worst Australian suburbs for providing housing options for pets, which are widely considered as a beloved family member.

Queensland is introducing a new regulation stating that landlords can only increase rent once a year. This change is designed to offer more affordable and stable housing for renters. The new rule is likely to benefit tenants who have been struggling to pay their rent due to frequent rent hikes. Landlords, on the other hand, may understandably have some concerns as they will have to control their profits, however, it is important for everyone to remember that fair and reasonable rental prices are the key to a functional and healthy housing market.

The government of Palaszczuk has declared that it aims to grant equitable treatment to tenants within the state. It has revealed its strategy to maintain rental costs throughout Queensland at a steady rate.

Looking for the latest news on the property market? Check out the hottest property headlines for the week of 20-24 March. Stay up-to-date and in-the-know with the latest developments in the world of real estate. Don't miss out on any important updates or announcements that could impact your investment decisions. Stay tuned and stay informed.

Further Insights from the Advisor.

Porter Davis, the major player in the construction industry, goes bankrupt.

"Blog section transforming into personal journal" says Annie Kane with date March 31st, 2023.

PDH Group, one of Australia's biggest companies that specializes in constructing homes, made an announcement on the 31st of July...

Record-breaking increase in number of brokers

It's March 30th, 2023 and here's the latest post from Adrian Suljanovic. Today marks the end of March, in the year 2023, and I have some exciting updates to share with you all.

Recently, the Mortgage and Finance Association of Australia published their latest report from the Industry Intelligence Service (IIS).

Banks predict a temporary break in April.

Rewritten: As of March 30, 2023, this blog post is presented by Adrian Suljanovic.

CBA and Westpac, two Australian banks, predict a halt in the actions of the Reserve Bank of Australia.

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