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INDUSTRY NEWS
Perth’s tight market sees prices and rents continue to rise
Low listings and rentals have kept upward pressure on home and rent prices across Perth, according to the latest data.
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INDUSTRY NEWS
“Buyers are back”, as higher prices boost confidence
The likelihood that rate hikes have ended and rising prices, has seen buyers return to the market according to a new report.
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INDUSTRY NEWS
Domain’s updated app to create more engaged buyers
Domain’s recently updated app aims to help boost buyer engagement and make life easier for sales agents.
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INDUSTRY NEWS
Housing affordability hits the worst level in three decades
The great Australian dream of home ownership is becoming a nightmare for many families, with new data showing that median-income earners can afford just 13 per cent of homes across the country.
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INDUSTRY NEWS
QLD and WA suburbs continue to outperform
The property market across the country continues to look increasingly positive, with an expert tipping more growth is still ahead for many areas.
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INDUSTRY NEWS
Property prices have bounced again in August
Spring selling season has arrived and property prices are continuing to heat up, with new data showing that values jumped 0.28 per cent in August.
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INDUSTRY NEWS
NZ property prices inching closer to a “floor”
The “floor” in New Zealand property is getting close, with values falling just 0.2 per cent last month according to CoreLogic NZ.
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INDUSTRY NEWS
Three reasons rent growth could slow in 2024
There could be some relief on the way for struggling renters, with rental growth likely to start slowing down according to an expert.
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INDUSTRY NEWS
Sydney’s luxury rental growth surges 13.1 per cent
Demand for Sydney luxury property has continued to surge with new data showing that rents have increased 13.1 per cent over 12 months.
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INDUSTRY NEWS
PEXA acquires environmental analytics company Land Insight
Digital property settlements platform PEXA Group is expanding their offering after acquiring environmental analytics company Land Insight.
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INDUSTRY NEWS
REIA calls for more to be done to help ease rental crisis
The Real Estate Institute of Australia (REIA) is calling for an all-encompassing approach to deliver more homes and better conditions for renters to help ease the current rental crisis.
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INDUSTRY NEWS
Strong yields on offer in new home markets
Investors looking to buy new house and land are able to achieve yields of more than 7 per cent, thanks to the ongoing shortage of housing according to a new report.
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INDUSTRY NEWS
It costs $75,000 less to build a new home closer to Sydney CBD
Housing built closer to the Sydney CBD could end up saving $75,000 in infrastructure-related costs per home according to new research.
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INDUSTRY NEWS
5 times celebrities sold homes to each other
In recent years, Hollywood celebs have been busy buying and selling real estate and it’s becoming more common to see A-listers selling homes to each other.
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INDUSTRY NEWS
Katrina Garwood and Ian McCallum join The Agency in Tasmania
The Agency is expanding in Tasmania with the highly successful team of Katrina Garwood and Ian McCallum joining the national real estate brand.
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INDUSTRY NEWS
Affluent Sydney suburbs expected to outpace more affordable areas
Suburbs in the middle and upper end of the Sydney property market are expected to grow by as much as nine per cent in the next six months, far more than more affordably priced homes according to a new report.
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INDUSTRY NEWS
Strata managers struggling with verbal abuse and long hours
Strata managers are increasingly facing difficult working conditions, with nearly two-thirds facing verbal abuse from both owners and tenants on top of long hours.
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INDUSTRY NEWS
Rents likely to rise as vacancy rates fall again
There’s still no relief for struggling renters, with vacancy rates falling again in July.
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INDUSTRY NEWS
Bunbury tops the list of promising regional locations
Bunbury in the southwest of Western Australia has emerged as a top growth candidate, as the state's population continues to grow at a rapid rate.
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Elite Agent TV
Rising to the top: Elliott Placks on leadership, success, and innovation in Australian real estate
As the managing director of one of the highest-profile and top-performing agencies in the country, Elliott Placks understands that it takes a unique type of person to be an agency owner.
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INDUSTRY NEWS
Soft new home sales to hit builders in 2024
Australia is on the cusp of home building hitting a decade low at the same time demand for housing has reached crisis levels.
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INDUSTRY NEWS
Industrial assets remain the strongest commercial property class
Commercial assets have been the battling rising interest rates in 2023, however, industrial assets have managed to see strong ongoing demand.
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INDUSTRY NEWS
FHBs need up to two decades to save for a home deposit
Young Australians hoping to get into a home of their own are needing to spend up to two decades saving for a deposit according to new research.
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INDUSTRY NEWS
Agents need to plan auction campaigns early ahead of a busy Spring
With listings set to rise this Spring selling season, it’s critical that agents start planning their auction campaigns early to ensure they get the best possible result, according to an expert.
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INDUSTRY NEWS
Renters turn a blind eye to property flaws to secure a property
Renters are putting up with mould, bad smells and even being forced to share a room in a bid to secure a rental property according to a new survey.
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INDUSTRY NEWS
New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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INDUSTRY NEWS
Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an offshore debt restructuring plan for its $468 billion in liabilities.
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INDUSTRY NEWS
40,000 low-income earners able to access the government’s shared equity scheme
Up to 40,000 low-income earners will get additional government help to purchase a home under the new Help to Buy scheme.
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INDUSTRY NEWS
New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about to see an influx of new stock according to new data.
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INDUSTRY NEWS
Building industry says “yes we can” build 1.2 million homes
The building industry has thrown its support behind the Federal Government’s “ambitious” plans to build 1.2 million homes over five years to tackle the ongoing housing crisis.
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INDUSTRY NEWS
Inside Amazon founder Jeff Bezos’ $760 million property portfolio
He might have lost the title of world’s richest man, but Amazon founder Jeff Bezos has still been able to build a staggering property portfolio worth more than $760 million.
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INDUSTRY NEWS
New listings on the rise in Sydney and Melbourne
New listings are rapidly rising across Sydney and Melbourne, setting up a busy spring for agents, according to a new report.
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INDUSTRY NEWS
Sydney’s vacancy rate tightens again putting more pressure on renters
Relief for Sydney tenants has been short-lived with new data showing the vacancy rate has fallen again in July.
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INDUSTRY NEWS
Businesses flee secondary office buildings
The flight to quality across the office sector continues to see businesses move towards higher quality spaces in a trend that is likely to continue.
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INDUSTRY NEWS
Western Australian regional towns record double-digit growth
Tight stock levels and heavy demand continue to put upward pressure on prices in most of Western Australia’s large regional centres, according to new data.
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