-
INDUSTRY NEWS
RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty” to hike the official cash rate 0.5 per cent on Tuesday, according to experts.
Read More » -
BTW
REIA says perspective required in interpreting CPI
The RBA's July meeting indicates that inflation is expected to peak later in 2022 and then decline back towards the 2 to 3 per cent range in 2023.
Read More » -
INDUSTRY NEWS
Home prices to fall 5 per cent by end of the year
Rising interest rates could see property prices drop by up to 5 per cent between now and the end of the year, according to a new report.
Read More » -
BTW
Local team reopen Ray White Chelsea
The Ray White Chelsea office closed late last year, but Ray White’s strong reputation in the area is what attracted Mr O’Sughrue and Mr Aldinger to reopen the business. The Announcement: Living and raising their families in the Chelsea area, real estate experts Shane O’Sughrue and James Aldinger are using their expertise to reopen Ray White Chelsea. The group’s Chelsea…
Read More » -
BTW
REIQ delivers $70K worth of flood support
The Real Estate Institute of Queensland also spearheaded a flood support auction on behalf of inCommunity and Beddown, which was supported with great prizes and money from sponsors. The Announcement: Member agents, partners, and sponsors of the Real Estate Institute of Queensland (REIQ) are proud to have delivered more than $70,000 worth of support in response to the February flood…
Read More » -
BTW
Going once, twice and 5000 times: Successful auctioneer marks an exciting milestone
Real estate veteran Paul Moore has just celebrated his 5000th auction for the LJ Hooker Group – and remarkably can recall every single sale thanks to keeping a detailed journal.
Read More » -
COMMERCIAL
Office market leads the way as commercial sales break new ground
Commercial property transactions set a record pace last financial year, with buyers taking advantage of the low interest rate environment.
Read More » -
INDUSTRY NEWS
New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.
Read More » -
INDUSTRY NEWS
One in five first home buyers take a year to buy a property
Tight supply and rapidly rising prices has seen many first home buyers taking over two years to purchase a property.
Read More » -
INDUSTRY NEWS
Westpac and NAB predict two more 50bps rate hikes
Borrowers should brace themselves for “more rate pain”, as Westpac and NAB follow ANZ predicting the Reserve Bank of Australia will lift the official cash rate higher and faster than previously expected.
Read More » -
BTW
When ‘psychology of the sale’ takes on an all-new meaning
Melisha Du Preez credits her certainty in joining the Mackay RE/MAX team to her many years in the psychology.
Read More » -
COMMERCIAL
HTW: rising costs slowing industrial development
Rising construction costs and higher land values has slowed the initiation of new development across the industrial sector according to the latest Herron Todd White (HTW) Month in Review.
Read More » -
FRANCHISE NEWS
RE/MAX makes key appointment for rent roll growth
Well-known WA real estate professional Tracy Kriwopischin joined the RE/MAX Extreme team this month in a career move that draws on her property management expertise.
Read More » -
INDUSTRY NEWS
What kind of property will $700,000 buy you?
After two years of record price growth, there are still opportunities to find good value properties for under $700,000 around the country, according to the latest Herron Todd White (HTW) Month in Review.
Read More » -
BTW
New Belle Property office for the NSW Southern Highlands
Belle Property has announced the opening of its latest new office in the picturesque New South Wales Southern Highlands, helmed by well-known local real estate expert, Debbie Pearce.
Read More » -
BTW
Housing data reveals Sydney faces undersupply
A recent Sydney housing analysis from the Property Council of Australia and Gyde Consulting has found several districts of Sydney are struggling to deliver enough housing, adding concern to Australia's housing affordability crisis.
Read More » -
INDUSTRY NEWS
Queensland rental market feeling the ‘squeeze’ of tight vacancy rates
Incredibly tight rental conditions are continuing to ‘squeeze’ renters across Queensland, with many areas still experiencing vacancy rates below 1 per cent.
Read More » -
INDUSTRY NEWS
Further increases in the cash rate will be needed: RBA
The official cash rate is still lower than it needs to be, according to the Reserve Bank of Australia, who maintain households are well-positioned for higher borrowing costs.
Read More » -
INDUSTRY NEWS
Chinese property buyers to return to Australia
Chinese property buyers are likely to head back to Australia sooner than expected as Australia emerges from COVID stronger than many other countries, according to an expert.
Read More » -
INDUSTRY NEWS
Commercial property settlements surged higher last financial year
The volume of commercial property settlements has surged by as much as 60 per cent across the east coast of Australia, according to new data.
Read More » -
BTW
Well-known Cleveland agent makes all the right moves
Leana Reynolds has spent the past five years building great relationships in the Cleveland market, which will serve her well moving forward with the Re/MAX Bayside Properties team. The Announcement: Experienced and results driven agent, Leana Reynolds, joins the award winning RE/MAX Bayside Properties team, newly married and just home from her honeymoon. Leana targeted the high performing Cleveland team,…
Read More » -
INDUSTRY NEWS
REA Group celebrates Australia’s Property Managers
REA Group is today applauding its Property Manager customers across the country on National Property Managers Day.
Read More » -
Real Estate News
Elite Retreat giveaway winners announced
An app that powers up a consumer’s knowledge bank before they buy or sell a home and increased use of video messaging are among the trends agents have tipped to play out in the industry in 2023.
Read More » -
BTW
Raine & Horne strategic focus on youth achieves office growth gold in 2021/2022
Raine & Horne achieved a record year for growth with 33 offices joining the group in 2021/22. The Announcement: In the 2021/22 financial year, Raine & Horne focused on building its network management team, and the proof is in the pudding, with a record 33 offices chockful of young gun agents joining the Group. The brand appointed Ms Tina Ashton…
Read More » -
INDUSTRY NEWS
Upside Realty offers three new payment models for agents
A national fixed-fee agency will now offer a full-fee option, giving agents a choice of how they are paid, with commission splits of up to 75 per cent. Upside Realty, which launched in 2017, said ‘Upside Performance’ would be an agent-driven pricing model with three distinct options for agents. Option one is an employment model where the company pays the…
Read More » -
Real Estate News
Real estate industry celebrates National Property Managers Day
Often the unsung heroes of a real estate agency, property management can a tough gig that requires a specialised skillset and dedication.
Read More » -
INDUSTRY NEWS
Rate rises now to avoid sharper economic slowdown
The Reserve Bank of Australia hopes taking swift action on soaring inflation will halt the need to increase the cash rate as high as previous economic cycles.
Read More » -
BTW
McGrath Crows Nest expands into Willoughby
Top-tier industry performer Peter Chauncy has welcomed Jason Georges to his McGrath Crows Nest team.
Read More » -
BTW
Leading agent joins Ray White Surfers Paradise
Ray White Surfers Paradise has brought high-performer Lana Faulkner and her team into the ever-growing fold.
Read More » -
COMMERCIAL
Growing crane count suggests construction activity is on the rise
Construction activity across Australia continues to ramp up, with the latest Rider Levett Bucknall's Crane Index showing the first increase since prior to the pandemic in early 2019.
Read More » -
INDUSTRY NEWS
Outer Melbourne and regional Victoria continue to set record prices
Melbournians have continued to leave the inner-city, with values in outer suburbs and regional areas at record highs.
Read More » -
BTW
Ray White Land Sales opens in Victoria
Real estate experts Karandeep Singh and Ash Kalkat have joined with Ray White to open Ray White Land Sales Victoria.
Read More » -
INDUSTRY NEWS
First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with 37 per cent exceeding their budget.
Read More » -
FEATURE INTERVIEWS
Adrienne Robinson: the recipe for success
From earning $2 an hour working at KFC to selling properties for First National Real Estate Homeway, Adrienne Robinson has come a long way in her career. Here, she shares what she learnt working for Colonel Sanders, why her most memorable sale was a derelict house and why you should never judge a book by its cover. What was your…
Read More » -
INDUSTRY NEWS
Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the past three months.
Read More »