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This is what's moving in property this week.
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In the news
1
Did baby boomers really win the housing lottery?
Boomers v younger generations: each age group has dealt with housing challenges, but experts say one had it easier.
2
Housing, gas and back to the office: how CEOs see productivity fix
Major business bosses say it is essential the Albanese government deliver at this week’s productivity roundtable. Their wishlist, if realised, poses solutions for housing supply, energy reliability and reinvigorating office towers.
3
Clock is ticking for homebuyers to make most of borrowing boost
Home hunters have until the end of the year to make the most of the August rate cut’s boost in borrowing power before any benefit is eroded by price rises.
4
RBA asbestos bomb now a $1.2bn Sydney renovation nightmare
Asbestos on almost every floor of the RBA building in Martin Place has forced governor Michele Bullock to consider stripping its heritage-listed headquarters back to its steel frame.
5
REA names Cameron McIntyre new CEO
The new boss of the real estate platform is trading cars for the biggest purchase Australians will ever make: their home. Many of the same rules apply, but the incoming REA chief starts his new role looking over his shoulder to protect that top spot.
Market movers
Triguboff urges banks to join productivity party by unleashing credit
A slowdown in apartment sales has confounded the Meriton billionaire, who says banks are being too cautious writing loans. ‘We could sell 20 apartments a week; it’s down to five,’ he says.
Goodman swoops on $575m airport precinct slot
The company is poised to unveil the logistics purchase of the year, buying up a massive site next to the new Western Sydney airport.
Tarascio family sells market after 20 years amid planning woes
Melbourne’s billionaire Tarascio family has sold Preston Market to its Sydney co-owners, after community opposition and planning restrictions stymied its housing development plans.
Prestige property
Island of Gods shaking off image as wild west of property investing
Australian investors can now buy into a new Bali hotel development for $234,000 per room, with promised returns of up to 15 per cent annually.
Commercial property
Stockland rides residential, data centre boom
The property major will develop more housing and make a push into data centres as it looks to set itself up for the next property boom.
Property landlord flags office market recovery