NEWS Headlines for Property Investors – Read by Todd Sloan 28/10/22

What’s happening in property investing news this week in Australia?

It’s time to find out!

We remove all the fluff to bring a neatly packaged news show, designed to keep you on the ball as an Australian Property Investor.

Presented by P&P podcast host and property investor Todd Sloan.

This episode:

In Flood property news:

Flood-hit home owners in NSW Northern Rivers offered $800 million buyback scheme

9 News staff writes:

https://www.9news.com.au/national/buyback-scheme-for-flood-hit-property-owners-nsw-northern-rivers/214e1bf5-50d2-4c68-80e0-7eeff1a0ef35

In finance & lending news:

Value of new home loan commitments fall as interest rates rise

Angie Raphael of news.com.au writes

https://www.news.com.au/finance/economy/australian-economy/value-of-new-home-loan-commitments-fall-as-interest-rates-rise/news-story/afc064d2a9e5b08c3a590c4f37e847c2

In general market news:

One group hit hard in Albanese government’s first budget

CATIE MCLEOD of the Australian writes

https://www.theaustralian.com.au/breaking-news/one-group-have-been-hit-hard-in-the-albanese-governments-first-budget/news-story/7b9704204e7bd5139fa29cec0fa1654d

In construction news:

Reserve Bank of Australia warns more insolvencies likely in building industry

Angie Raphael of news.com.au writes

https://www.news.com.au/finance/business/other-industries/reserve-bank-of-australia-warns-more-insolvencies-likely-in-building-industry/news-story/63b257fcc21ae99e0c9d2af45a1d0860