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BTW
Ray White NSW | ACT celebrates its 2022 winners
ay White NSW/ACT Chief Executive Officer Andrew McCulloch said the night celebrated an amazing year, and now was the time to take market share, create competition and continue to lead the market rather than follow.
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INDUSTRY NEWS
First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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COMMERCIAL
Perth industrial and logistics demand on the rise
Demand for industrial and logistics commercial property is rising as Western Australia's economy bounces back from the Covid era, according to new data.
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Celebrity Homes
Microsoft co-founder Paul Allen’s $90 million superyacht for sale
If you’ve got a lazy US$90 million to spend, why not take a look at the superyacht Microsoft co-founder Paul Allen owned, and which has been listed for sale in Monaco.
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INDUSTRY NEWS
Former REA Group CEO Tracey Fellows retires
Former REA Group Chief Executive Officer Tracey Fellows has announced her shock retirement.
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BTW
First home buyer activity falls below decade average
Zippy Financial Director and Principal Broker Louisa Sanghera said the market lull won’t last forever and first home buyers should look to buy in the next six months. The Announcement: The number of first home buyers in the market has fallen below the decade average after hitting a record peak in January last year, according to one of the nation’s…
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INDUSTRY NEWS
Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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BTW
Stars shine at 2022 REIACT awards for excellence
The annual REIACT awards for excellence saw 440 professionals come together to celebrate their achievements. The Announcement: A Covid lockdown and Federal Election couldn’t deter the real estate industry from reaching new heights in 2021-2022, with 440 professionals from the ACT real estate sector coming together on Friday night at the Hotel Realm to celebrate their achievements and recognise both…
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INDUSTRY NEWS
A scroll through Melbourne’s most popular streets
Outer suburb Melbourne McMansions have dominated Victoria’s buyer interest over the last three years according to realestate.com.au.
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INDUSTRY NEWS
International buyers return to luxury property markets
With travel restrictions continuing to ease by the day, international buyers have returned to hunting for luxury property in many of the world's most exclusive markets.
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INDUSTRY NEWS
Rising rates to continue to weigh on property markets: RBA
Rising borrowing costs will likely see property prices fall, however, the magnitude and timing is unclear according to the RBA.
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BTW
Dan Cooper joins Ray White Canberra
Ray White Canberra Chairman Ben Faulks said Dan Cooper will be focused on his sales and auctioneering at Ray White.
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INDUSTRY NEWS
Building high-quality housing doesn’t make older properties more affordable
Filtering, the process of building new high-quality homes for higher income earners, doesn’t necessarily make older homes more affordable according to new research.
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INDUSTRY NEWS
Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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SUPPLIER NEWS
Nathan Gallagher takes the helm as REA Group’s national sales director
REA Group continues its focus on customers with new roles announced for Ben Auchettl and Nathan Gallagher.
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INDUSTRY NEWS
Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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INDUSTRY NEWS
Sydney’s Annandale Abbey back on the market for $15 million
One of Australia’s finest heritage homes, Annandale Abbey, is back on the market for $15 million.
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BTW
Ray White AKG promotes female leadership
The Ray White Avi Khan Group has appointed a series of female leaders in key roles as it recalibrates for the future.
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BTW
New home sales fall further in August
Sales of new homes over the past two months are reflective of a slowing market and the impact of the cash rate rise. The Announcement: “New home sales fell by 1.6 per cent in August after the 13.1 per cent decline seen in July,” stated HIA Economist Tom Devitt. The HIA New Home Sales report – a monthly survey of…
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INDUSTRY NEWS
AI tech that assists agents in qualifying buyers
Buyer management is in the spotlight as the needle shifts on buyers this Spring selling season. The common way of qualifying buyers, via phone call, is working, but is it scalable?
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INDUSTRY NEWS
Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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COMMERCIAL
“Tax grab” could see investors leave the Queensland market
The Queensland government’s “tax grab” could see residential property investors exit the market and put pressure on small businesses according to an expert.
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INDUSTRY NEWS
Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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BTW
Top achievers and contributors recognised at Barry Plant Awards
On the 8th of September nearly 800 people gathered at the Palladium Room at Crown Casino to hear who would take home this year’s Awards for Excellence in the Barry Plant Group.
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INDUSTRY NEWS
Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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National
Domain supports ‘Move to More’ campaign with Regional Australia Institute
Domain will partner with the Regional Australia Institute (RAI) in its ‘Move to More’ campaign, which aims to showcase all vibrant regional communities can offer those seeking a tree change. The national property platform will use its data-based regional property insights to highlight the opportunities and challenges that exist in the regional property market, including rising demand and housing supply…
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BTW
Devonport office recognised for outstanding contribution to the LJ Hooker Group
Just three years after opening, LJ Hooker Devonport has taken out the prestigious title of Business Owners of the Year at the network’s annual Night of the Stars Awards.
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INDUSTRY NEWS
Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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INDUSTRY NEWS
$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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INDUSTRY NEWS
Cloudstaff launches dedicated property division for the Australian market
Cloudstaff, the Australian-headquartered remote staffing platform, has announced the launch of a dedicated division to service the Australian real estate market.
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BTW
BresicWhitney reveals 2025 Strategic Direction
BresicWhitney’s Mission for 2025 is to be the ‘leading property group in Sydney’. The Announcement: BresicWhitney has revealed its 2025 Mission to be the ‘leading property group in Sydney’. This is an evolution of its lifestyle-focused positioning, taking a wider lens that aims to continue leading the property experience and environment for all who participate. This includes its people, its…
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INDUSTRY NEWS
Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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INDUSTRY NEWS
Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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INDUSTRY NEWS
A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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BTW
REIQ: encouraging ‘rightsizing’ is the right move
The REIQ supports initiatives that make downsizing an easier financial decision for older Queenslanders.
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