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INDUSTRY NEWS
Knight Frank: 2024 will be better for commercial property
After a tumultuous 12 months, 2024 is shaping up as a better year for commercial property, with Knight Frank tipping it’s going to be a good time to acquire assets.
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INDUSTRY NEWS
Sydney’s blue-chip suburbs see values grow by more than $2 million in 10 years
The premium Sydney locations of Manly, Mosman and the Eastern Suburbs have seen home prices surge over the last decade with values up by more than $2 million.
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INDUSTRY NEWS
ANZ predicts next New Zealand interest rate move will be a cut
New Zealand interest rates will likely remain on hold until February 2025 at which time they will likely drop, according to a new forecast from ANZ New Zealand.
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APPOINTMENTS
James Kirkland to head up Little Real Estate’s sales and marketing
Australia's largest independently owned real estate agency, Little Real Estate, has appointed James Kirkland as Executive General Manager of Sales and Marketing.
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INDUSTRY NEWS
REIA wants to phase out stamp duty and boost supply to tackle housing crisis
The Real Estate Institute of Australia (REIA) has called for stamp duty to be phased out and lending criteria to be revisited to encourage more housing investment and ease the housing crisis.
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INDUSTRY NEWS
Ray White’s annual conference uses curiosity to drive innovation and growth
The Ray White team has come together at their annual conference on the Gold Coast with a focus on curiosity, and finding ways for the company to continue to grow
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INDUSTRY NEWS
Property values rise in more than 80 per cent of markets
The Australian property market continues to build steam, with new data showing 82.4 per cent of house and unit suburbs recorded a jump in values in the past three months.
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INDUSTRY NEWS
REIQ supports Queensland body corporate reforms
Body corporate reforms aimed at prohibiting smokers and making life easier for pet owners living in units, strike the right balance according to the Real Estate Institute of Queensland (REIQ).
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INDUSTRY NEWS
Victoria’s new ‘granny flat’ reforms to boost housing supply
New secondary dwelling reforms introduced by the Victorian Government will likely boost housing supply by around half a per cent according to new research.
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INDUSTRY NEWS
NAR seeks a “complete reversal” in US commissions case
The National Association of Realtors (NAR) are set to fight the decision against it in the Sitzer Burnett commission lawsuit and will seek a “complete reversal” suggesting the controversial case is far from over.
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INDUSTRY NEWS
“Fundamentally broken” rental market crushing low income earners
Low income earners continue to be the hardest hit from the ongoing rental crisis, with renters in Sydney, Hobart and Canberra all but priced out of the market.
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INDUSTRY NEWS
Office market declines approaching GFC level
The decline in office assets is approaching GFC levels, with the outlook for 2024 looking “rough” according to an expert.
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INDUSTRY NEWS
Greg Norman launches $300 million Sydney luxury estate
Golfing legend Greg Norman is back in Australia to launch a $300 million luxury residential community in southwest Sydney alongside developer Sekisui House.
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INDUSTRY NEWS
More high-profile departures from NAR after US commission case
National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement following the CEO's exit, as the fallout continues after a federal jury ruled the NAR and two major real estate companies had conspired to inflate buyers’ agent commissions.
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INDUSTRY NEWS
One in 10 homes must be affordable to end homelessness
With the housing crisis leaving many Australians without a place to live, there are calls for one in ten homes to be affordable to help end homelessness.
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INDUSTRY NEWS
Demand for share accommodation heats up
Demand for share accommodation is ramping up this year, with the number of people looking for a room already well ahead of the typical summer peak season.
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INDUSTRY NEWS
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes are a record rate.
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INDUSTRY NEWS
Immigration surge putting short-term pressure on rental markets
The flood of overseas migrants is putting the rental market under extreme pressure in the short term and the Government needs a more consistent long-term target according to an expert.
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INDUSTRY NEWS
Alternative assets grow in popularity despite commercial slowdown
Higher interest rates and geopolitical uncertainty are slowing down commercial property transactions, however, alternative assets are continuing to attract the attention of investors according to an expert.
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INDUSTRY NEWS
Australians believe energy-efficient features make properties more valuable
Seven out of 10 Australians believe energy-efficient features will make their homes more valuable, a new survey has discovered.
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INDUSTRY NEWS
How Ray White agents sold The Block house for a record profit
Sunday night marked a historic day for The Block, with Steph and Gian Ottavio, of House 4, selling their home for an eye-watering $1.65 million over reserve and setting the record for the highest profit ever recorded on the Channel 9 show.
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INDUSTRY NEWS
Raine & Horne release new book highlighting their 140-year history
Raine & Horne has released a new coffee table book highlighting the business's 140-year journey in Australian real estate.
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INDUSTRY NEWS
Auction volumes hit an 18-month high as confidence returns
Spring selling season has seen a surge in the number of vendors taking their properties to auction as confidence comes back to the market.
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INDUSTRY NEWS
Tough conditions for buyers across Queensland, South Australia and Victoria
Property buyers in parts of Queensland, South Australia and Victoria are facing the toughest buying conditions in the country, according to an expert.
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INDUSTRY NEWS
New real estate platform to help vendors sell without agent fees
A new real estate platform is set to shake up the traditional role of a sales agent, offering vendors the ability to sell their property without paying real estate agency fees.
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INDUSTRY NEWS
Will there be rental homes for new year movers?
There's no relief yet for tenants who are struggling to find a property to rent, with the rental vacancy rate remaining at a record low 0.8 per cent.
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INDUSTRY NEWS
Tiny, but mighty, house on 30sq m wins national architecture award
A unique house with a tiny 30sq m footprint (about the size of a hotel room) has won the 2023 Robin Boyd Award from the Australian Institute of Architects.
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INDUSTRY NEWS
New Zealand property prices rise for the first time in 18 months
The first signs of a recovery in New Zealand property prices have begun with values increasing 0.4 per cent last month and 0.1 per cent for the quarter according to CoreLogic NZ.
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INDUSTRY NEWS
NSW overtakes QLD as most popular location for people leaving the cities
Regional New South Wales has overtaken regional Queensland as the most popular destination for people looking to move out of the city.
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INDUSTRY NEWS
REIA’s plan to reduce the environmental impact of commercial property
The Real Estate Institute of Australia (REIA) has released a new report that outlines long-term measures commercial property owners, builders and developers can implement to make their properties more environmentally friendly and hit government targets.
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INDUSTRY NEWS
Investor numbers fall 27 per cent even as prices rebound
Despite the strong rebound in property prices, investors continue to exit the market spooked by higher rates according to the industry.
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INTERNATIONAL
New brokerages sued after jury rules against agencies in antitrust commissions case
Just minutes after a federal jury ruled the National Association of Realtors and two major real estate companies had conspired to inflate buyers' agent commissions, the plaintiffs attorney filed another class-action lawsuit against NAR and new residential brokerages.
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INDUSTRY NEWS
The home ownership dream feels out of reach for Millennials and Gen-Z
With property prices sitting at record highs a growing number of younger Australians feel that home ownership is increasingly out of reach.
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INDUSTRY NEWS
Demand for regional property ‘here to stay’
The pandemic-infused flight to the regions is here to stay with a number of more affordable areas likely to see continued growth according to a new report.
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INDUSTRY NEWS
Aussies could be making an extra $667 per month renting their spare room
Homeowners could be raking in an additional $667 every month if they rent out their spare room according to a new survey.
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