News & Events
This Week In Property 13 August 2019
5 THINGS YOU NEED TO KNOW THIS WEEK - 13 AUGUST 2019
A quick read to give you all the top things you need to know within the property industry this week.
- Bank loans to property investors increased in June for the first time in almost a year, according to the Australian Bureau of Statistics.
- According to Reserve Bank governor Philip Lowe, Australia is likely to be a low interest rate environment for a decade, given the state of the global economy.
- Waterproofing issues have been tipped as the next major defect issue to impact high-rise residential developments in Australia.
- Owners and employees of collapsed apartment developer, Ralan Group marched on NSW parliament last week, trying to get support for efforts to claw back the $500 million owed by the company.
- Owner-occupier loans also rose in June, by 2.4 per cent, as property market demand picks up in Sydney and Melbourne in particular.
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