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INDUSTRY NEWS
Ray White encourages their agents to ‘get uncomfortable’ to grow
Get prepared to be uncomfortable if you want to grow was the message coming out of Ray White’s 2024 Launch event this week.
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INDUSTRY NEWS
You can now rent out your pool for extra income
Pool owners are now able to make extra income by renting out their pools on the side with some people making as much as $5000 over the summer.
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Movers and Shakers
First National announces their top performers in SA and NT
First National Real Estate has highlighted its top agents from the Northern Territory and South Australia at the company's 2024 General Excellence and Marketing Awards in Adelaide.
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INDUSTRY NEWS
Demand for share accommodation surges over summer
The housing crisis continues to force renters into share accommodation with demand for rooms soaring in January.
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INDUSTRY NEWS
The Sydney suburbs where house prices are set to grow
A host of Sydney suburbs are set to see house prices grow by more than five per cent in the next six months led by the more affordable end of the market.
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INDUSTRY NEWS
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest January in 40 years.
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INDUSTRY NEWS
Adman John Singleton lists The Bonython for $28 million
Famous Australian Adman, John ‘Singo’ Singleton is putting his Paddington office complex, up for sale with a price guide of around $28 million.
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INDUSTRY NEWS
The value of property purchases falls as buyers tighten their belts
Rising interest rates led Australian borrowers to tighten their purse strings last year, with the total value of property purchases down 12.7 per cent according to new research
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INDUSTRY NEWS
Commercial auction events to see 40 properties go under the hammer
Two major commercial auction events are set to see 40 commercial properties go under the hammer across the country.
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INDUSTRY NEWS
Retail asset transactions gain best market share in 20 years
For the first time in nearly 20 years, retail assets have made up the largest portion of commercial property transactions.
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INDUSTRY NEWS
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
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INDUSTRY NEWS
New listings surge in Sydney and Melbourne
A surge of sellers have listed their homes, with Sydney and Melbourne reporting the biggest jump in new listings in more than a decade.
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INDUSTRY NEWS
Busselton leads the way for regional price growth in WA
The coastal community of Busselton in Western Australia’s South West was the top-performing regional centre for the December 2023 quarter according to new data.
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INDUSTRY NEWS
Hotel room rates surge as Taylor Swift fever takes hold
Tourism assets are seeing a resurgence with a string of big-name artists including Taylor Swift and high-profile sporting events helping boost room rates across the country.
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INDUSTRY NEWS
Ray White agents focus on process in 2024
The opportunity to have your best year ever will be dictated by your process was the message coming out of Ray White’s annual Engage training session.
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INDUSTRY NEWS
NSW vacancy rates ease as the rental crisis continues
In a small win for New South Wales renters, residential vacancy rates have eased in some areas, however, there is likely more pain ahead for tenants according to the industry.
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INDUSTRY NEWS
Regional areas emerge as sanctuaries from the rental crisis
The rental crisis continues to put renters under extreme pressure, however, new research has found a number of regional areas are emerging as “sanctuaries” for renters in search of relief.
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Movers and Shakers
Buxton Real Estate Group brings in technology expert Jessica Oakley
Jessica Oakley has joined Buxton Real Estate Group as Business Technology Manager and is set to streamline the company's tech stack.
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INDUSTRY NEWS
REIA warns against over-favouring corporates in BTR investments
The Real Estate Institute of Australia (REIA) has cautioned the Federal government, not to prioritise foreign investment into Build to rent (BTR) over individual investors.
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INDUSTRY NEWS
Tribunal denies BTR landlord a rent increase of $85 per week
A Canberra landlord who wanted to hike their tenant's rent by 20 per cent has had the move denied by a tribunal.
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INDUSTRY NEWS
Stamp duty now costs up to six times more than a generation ago
Homebuyers are now paying up to six times more in stamp duty than a generation ago as incomes have not kept pace with surging home prices according to new research.
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INDUSTRY NEWS
How can housing values fall when demand is so high?
The housing crisis and ongoing demand for property due to population growth is being reflected most of all in rental markets, with home prices falling in some areas according to an expert.
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INDUSTRY NEWS
WeWork founder Adam Neumann looking to buy the company back
Five years after being ousted from WeWork, founder and former CEO Adam Neumann is looking to buy back the shared office provider.
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INDUSTRY NEWS
New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in two years.
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Real Estate News
Central Pier tenants settle $42 million legal dispute
A group of tenants that operated businesses at Mebourne’s Central Pier has settled a legal dispute with the Government after it was closed for safety concerns in 2019.
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Movers and Shakers
Raine & Horne unveils new brand refresh
Raine & Horne has revealed its first substantial brand refresh since 2017.
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INDUSTRY NEWS
First National Bowral bounces back after losing everything in a fire
When a fire in Bowral took out 13 businesses including the First National Real Estate offices, principal Allan Falvey knew he was going to have to dig deep to find a way to rebuild his business.
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INDUSTRY NEWS
‘Bleak’ outlook for office assets as workers stay home
Workers are not returning to the office leading to sustained upward pressure on vacancy rates and a negative outlook for the sector according to an expert.
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Movers and Shakers
Belle Property expands its reach across Brisbane’s Northern suburbs
Brooke Hawthorne from Belle Property Ascot is opening a new office in Nundah and expanding her reach in the area.
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Movers and Shakers
Better Homes and Gardens Real Estate servicing two new locations
Better Homes and Gardens Real Estate are expanding in Queensland with Angie Keegan running the Plainland office and Janice Cox taking on Caboolture.
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Movers and Shakers
Benjamin Dax and Ruth Roberts expand to Bentleigh
Benjamin Dax and Ruth Roberts of Woodards Carnegie are growing their reach by acquiring the nearby Bentleigh office.
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Movers and Shakers
Knight Frank Australia champions diversity with the Property Council of Australia
Knight Frank is focusing on diversity, equity and inclusion in partnership with the Property Council of Australia NSW.
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Movers and Shakers
Ray White expands its footprint across the far north of New Zealand
Ray White continues its growth in New Zealand's far north with business owner Sean Stratton acquiring multiple offices in the Northland region.
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INDUSTRY NEWS
Eight new Perth suburbs hit the million-dollar mark
Perth’s booming property market has seen eight new suburbs hit the million-dollar median house price according to The Real Estate Institute of Western Australia (REIWA).
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INDUSTRY NEWS
You can now order your own ‘foldable’ home from Amazon
If you’ve been looking for an affordable home, the good news is that Amazon can now deliver a foldable home to your door for just $53,100.
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