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Real Estate News
Virtual real estate brokerage eXp celebrates growth milestone
eXp World Holdings have announced the company has exceeded 40,000 agents globally. This represents a year-over-year increase of 60 per cent when compared to 25,000 agents at this same time last year. Publicly traded eXp World Holdings and its global brokerage, eXp Realty, has been pursuing an aggressive growth strategy around the world with a presence in the United States,…
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Elite Agent
US platform Realtor.com acquires platform to help DIY landlords
Move Inc has announced the acquisition of Chicago-based Avail - a platform that improves the renting experience for do-it-yourself landlords and tenants.
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Real Estate News
OFT approves new training requirements for Queensland real estate agents
The Office of Fair Trading (OFT) in Queensland has approved new training requirements for people wanting to enter the real estate industry. The new training, as part of initial licensing requirements, follows an independent review of the national property services training package. Before approving the new training, the OFT consulted on its potential impact with a range of industry bodies…
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Credit card debt lowest in years: RateCity
In the past year, Australians have wiped $7.80 billion in debt and taken the scissors to almost one million credit card accounts. However, the rate at which Australians are paying off debt and closing cards has slowed in October. Also, people gave their credit cards more of a workout in…
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Real Estate News
Sydney and Melbourne set for high capital growth in 2021
Pete Wargent, COO of property buyer's agent platform BuyersBuyers.com.au, says that the housing market landscape has shifted quickly over the past three months, with prices now rising across the capital cities and buyer sentiment surging. Mr. Wargent of BuyersBuyers.com.au said 'enquiry has picked up strongly over the past six weeks,…
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Real Estate News
Work from home trend to continue to impact real estate in 2021: LJ Hooker
A recent survey conducted by LJ Hooker found that prior to COVID, 79 per cent of people worked at their place of work and 21 per cent from home. This shifted over the course of the year, with 38 per cent of people currently working from home. Furthermore, only 64 per cent say they will be returning to their place…
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Elite Agent
2 in 3 Aussies better off due to restrictions and govt stimulus
A recent survey from Money.com.au reveals two in three Australians have accumulated more money in their hip pocket this year, as a result of reduced spending, government stimulus, and loan repayment deferrals. The survey of 1013 consumers asked respondents questions about their earnings between April and October this year compared with the same period last year – taking into account…
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Real Estate News
‘Building Stronger Homes’ to make Aussie buildings more fire resilient
The Master Builders Australia and the Insurance Council of Australia brought together a number of peak construction industry bodies, insurance professionals, financial, scientific and economic experts for today's Building Stronger Homes Roundtable. According to the Australian Institute of Architects, this was "an important initial conversation among industry leaders following the…
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Elite Agent
Sydney’s prestige property market to soar in 2021: Knight Frank
Sydney’s prestige residential price growth forecast higher than global average: Knight Frank has released its Prime Global Forecast 2021, in which analysts have provided their prime price forecasts for 22 cities around the globe in 2021, as well as assessing future market drivers and risks • Sydney’s prime residential market…
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Elite Agent
Market update: Which regional areas are on the rise?
The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia's 25 largest non-capital city markets, saw Tasmania's Launceston & North East region remain the top performer for houses for the third consecutive quarter (10.5 per cent). However, the thriving Tassie region lost…
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Real Estate News
REINZ Awards for Excellence: the winners
The 2020 REINZ Awards for Excellence were held last night at Cordis Auckland, with more than 550 attendees from across the country coming together to celebrate the New Zealand real estate industry’s night of nights. Unlike a lot of their Aussie counterparts, the New Zealand industry was lucky enough to be able to hold their awards in person. Across the…
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Real Estate News
Payments have resumed for most deferred home loans
“This is an encouraging sign that most Australians are through the worst”, said Australian Banking Association CEO, Anna Bligh.
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INDUSTRY NEWS
Success magazine bought by eXp World Holdings
Leading business magazine Success and all related media properties have been bought by eXp World Holdings.
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Elite Agent
REINSW has big plans for the state’s strata schemes
REINSW's Strata Management Chapter Committee has outlined a number of changes they would like to see made to the current management and regulation of strata schemes.
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Real Estate News
Auckland is the global leader in luxury property price growth
Sydney, Perth and the Gold Coast have aslo ranked upon the top cities in the world for luxury residential price growth.
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Real Estate News
Australians are building the biggest houses in the world
Australia is again building the biggest houses in the world, pushing ahead of the United States, according to the latest CommSec Home Size Report. The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. Conversely, American houses are shrinking, with sizes falling for…
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Real Estate News
Canberra leads the slow return to CBDs
The latest survey of CBD office occupancy by the Property Council of Australia shows that workers are slowly returning to city offices, although uptake is slower than ideal.
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Real Estate News
Online glitz to celebrate Barry Plant’s Awards for Excellence
As has been custom in 2020, last Thursday, the Barry Plant Group hosted its 2020 Awards for Excellence in the living rooms of close to 900 of their staff members, invited guests, sponsors, suppliers and interested family. “Following the real estate downturn in 2018/19, our offices and their teams only had about…
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Elite Agent
Home loans dive under 2 per cent, with all eyes on the big four
Sally Tindall, research director at RateCity.com.au, said all eyes were now on the big four banks, which hold around three quarters of home loans in Australia."A rate cut has the potential to put $33 per month back in the hands of the average mortgage holder, that's almost $400 per year,"…
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Real Estate News
Cash rate cut will improve housing affordability – if banks get on board
The RBA's decision to cut the official interest rate to a historical low of 0.10 per cent will improve housing affordability.
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Real Estate News
A fifth of Aussies in a better position to buy a house thanks to COVID-19
A fifth of Aussies in a better position to buy a house thanks to COVID-19 New research has revealed around half of Australians are planning home ownership within the next year, but what they are looking for in a new home is shifting as a result of COVID-19. “The CUA…
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Real Estate News
REIQ appoints two new board directors
The Real Estate Institute of Queensland announced the appointment of two new directors to its board.
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Real Estate News
Dwelling approvals and construction loan commitments surge
The number of dwellings approved rose 15.4 per cent, according to ABS data released today.
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Real Estate News
REINSW crowns its 2020 award winners
The Real Estate Institute of New South Wales has recognised outstanding achievements, crowning the winners of its 2020 REINSW Awards for Excellence. Now into its third decade, the REINSW Awards for Excellence is the most prestigious and respected industry awards event in New South Wales, recognising the best, bravest and brightest work across the real estate industry. REINSW President Leanne…
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Elite Agent
RBA to make second rate cut, say experts
This Tuesday is Melbourne Cup day, but the real punters will be watching the Reserve Bank of Australia that afternoon, as experts tip that the RBA board will announce a second rate cut for 2020, at the final meeting of the year. In the Finder RBA Cash Rate Survey, 29 of the 43 experts and economists predicted a rate cut announcement…
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Real Estate News
HIA wins SafeWork NSW award for pandemic initiatives
The Housing Industry Association has been announced as the winner of the 2020 SafeWork NSW Awards for "outstanding work health and safety support to members in the changed working environment due to COVID-19." The 2020 SafeWork NSW Awards recognise excellence and innovation in work, health and safety response to COVID-19,…
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Elite Agent
Green Building Council takes steps to eliminate natural gas in new buildings
Green Building Council of Australia have completely overhauled its Green Star rating system in a push to eliminate natural gas in buildings.
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Real Estate News
National rent prices fell annually for the first time
The September 2020 quarter CPI figures show the impact that the pandemic has had on national rental prices.
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Real Estate Content
CoreLogic partners with innovation program RealTechX
CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures' RealTechX program. CoreLogic Executive and Head of Product, Tim Jenner, says the partnership hits a sweet spot for the business at just the right time. Mr Jenner said "The world's moving fast from a…
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Elite Agent
Queensland rentals hit lowest vacancy rate on record
Queensland's rental market has been hit hard by COVID-19, with Brisbane's vacancy rate swinging from a high of 14 per cent to 8.8 cent in just four months.
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Elite Agent
Housing prices rise in WA’s regional centres
Western Australia's regional centres are in high demand, as eight of nine areas saw an increase in median sale price for the September 2020 quarter.
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Real Estate News
Tassie market activity at pre-COVID levels, as sales rise almost 40 per cent
The Real Estate Institute of Tasmania have delivered an extremely postivie September Quarterly report, which confirms that market activity has returned to pre COVID-19 levels.
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Real Estate News
2020 REIV Awards: The complete winners list
Check out the acceptance videos from all the winners, and the complete list of winners and finalists.
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Real Estate News
Most Aussies are made responsible for their own workplace COVID cleaning
New research has found that 59 per cent of Australians have had their bosses task them with cleaning their workplaces amid the COVID-19 pandemic.
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Elite Agent
Remain vigilant: REIA’s message to the industry
REIA President calls on the real estate industry to remain vigilant as state borders reopen.
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