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INDUSTRY NEWS
The $1.5 million house covered in doodles
Most parents tell their kids not to draw on the walls but for artist Sam Cox, he’s been able to take his childhood passion for doodling and transform his US$1.5 million Kent home into a piece of art.
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INDUSTRY NEWS
Leading Cairns agencies join Ray White
Top Cairns agents Ray, David and Sharyon Murphy are rebranding their market-leading agencies, to become Ray White Cairns and Ray White Palm Cove.
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INDUSTRY NEWS
QLD unit prices ‘awaken from their slumber’
QLD home buyers are starting to chase affordability with new data showing that unit price increases are starting to outpace freestanding homes.
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INDUSTRY NEWS
Borrowers to be spared a Christmas interest rate hike
This week’s lower-than-expected inflation number is shaping up as an early Christmas present for borrowers, with the Reserve Bank of Australia (RBA) set to keep rates on hold at next week’s board meeting according to the experts.
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INDUSTRY NEWS
‘Beds and sheds’ to see strong demand in 2024
Property assets in “beds and sheds” sectors which include tourism, boarding houses, blocks of units and industrial assets are all set to perform strongly in 2024 according to an expert.
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INDUSTRY NEWS
New Zealand property prices continue to recover
Property prices in New Zealand ticked higher last month adding to the recent string of increases suggesting the market has turned the corner for the time being.
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INDUSTRY NEWS
The RBA was ‘too hasty’ in raising interest rates again
The Reserve Bank of Australia (RBA) might have been too hasty in hiking interest rates last month, with the latest inflation data showing inflation slowed down in October.
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INDUSTRY NEWS
Sydney super prime sales buck the worldwide trend
Rising interest rates have been slowing down the super prime market around the world, however, Sydney has bucked the trend and seen sales rise according to a new report.
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INDUSTRY NEWS
US home sellers file another commission lawsuit
Another lawsuit has been filed in the US against the National Association of Realtors (NAR) and major real estate companies, accusing them of conspiring to keep commissions high.
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INDUSTRY NEWS
Two-thirds of buyers and renters want energy-efficient homes
Increasing energy costs are leading homebuyers and renters to turn towards energy-efficient homes according to a new report.
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INDUSTRY NEWS
Bringing pets to work could help bring office sector back to life
With workplaces around the country struggling to get people back to work, allowing pets could help bring offices back to life according to an expert.
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INDUSTRY NEWS
Help to Buy scheme set to get more people into a home
Thousands of Australians looking to buy a home and struggling with affordability will soon get more government help, with the introduction of the Help to Buy scheme.
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INDUSTRY NEWS
Reforms needed to boost housing supply
Reform is needed to help boost housing supply amidst an unprecedented population increase according to an expert.
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INDUSTRY NEWS
Airspace development association aims to tackle housing crisis
A new association has been set up aiming to encourage the new construction process of airspace development to help ease the housing crisis.
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INDUSTRY NEWS
Falling prices in some suburbs make it easier to buy in Sydney and Melbourne
With interest rates rising, buying conditions remain tough however, there are still locations where people can find both affordable and livable locations according to a new report.
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INDUSTRY NEWS
Wiseberry Heritage acknowledges renters with new Tenant of the Year winner
Wiseberry Heritage continues to appreciate the important role that tenants play in real estate, with the latest winners of the Tenant of the Year award announced at an awards night.
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INDUSTRY NEWS
REIA President Hayden Groves to hand over the reins
Real Estate Institute of Australia (REIA) President Hayden Groves is set to finish up his term as head of the industry body after two years in the role.
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INDUSTRY NEWS
Barry Plant goes back to its roots with its rebrand and new offices
Barry Plant Group is set to rebrand with a fresh new look that takes the company back to its roots.
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INDUSTRY NEWS
New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent in the past 12 months.
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INDUSTRY NEWS
REIQ helps arm agencies against cyber attacks
The Real Estate Institute of Queensland (REIQ) is stepping up the battle against cyber criminals with the launch of its cyber resilience toolkit.
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INDUSTRY NEWS
Tourism and industrial sectors the big winners this year
The tourism and industrial sectors have been the shining lights in whats been a rough year for commercial property, according to an expert.
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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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