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INDUSTRY NEWS
Commercial sales drop as interest rates bite
Higher interest rates have hit commercial property hard, with sales activity down 37.6 per cent on last financial year.
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INDUSTRY NEWS
Former Fairfax family estate hits the market for $12 million
A stunning country estate that was built for media mogul John Fairfax's grandson, has hit the market with an asking price of $12 million.
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INDUSTRY NEWS
Perth’s growing population to support property market prices
Perth’s property market has managed to defy 12 interest rate hikes and remain resilient, with strong population growth likely to continue the trend.
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INDUSTRY NEWS
Ray White launches RWC Retail
The Ray White Group has announced the launch of RWC Retail, with the new business, aiming to provide a dedicated team for the sale of retail property across Australia.
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INDUSTRY NEWS
Rents continue to rise, but growth is slowing
Record immigration and tight supply have seen rents across the country continue to rise, however, some cities are now starting to see rents fall as a multispeed market begins to develop.
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INDUSTRY NEWS
Investors urged to ‘stop chasing cash flow’ alone
With ever-rising interest rates along with cost of living pressures, investors are being warned to not focus just on cash flow and should look to locations that offer good capital growth opportunities.
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INDUSTRY NEWS
Australia’s rental crisis persists as rents jump again
There’s still no relief in sight for struggling tenants, with rents recording a two per cent rise over the past quarter, according to PropTrack.
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INDUSTRY NEWS
RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 4.1 per cent.
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INDUSTRY NEWS
Leading agent Taney Jain to established his own business
One of Australia’s top agents, Taney Jain has announced he’s departing Reliance Real Estate after nine years.
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INDUSTRY NEWS
Florida law bans some international buyers
Certain groups of foreigners will no longer be able to purchase property in Florida in the US after Governor Ron Desantis signed a new bill limiting foreign ownership.
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INDUSTRY NEWS
Property prices continue to defy rate hikes
National property prices keep on moving higher last month, despite the Reserve Bank of Australia (RBA) continuing to hike the cash rate.
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INDUSTRY NEWS
It now takes 15 years for house prices to double in value
The old saying that property prices double every 7-10 years, might need to be updated, with new data showing that it now takes 15 years for properties in Australia to double in value.
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INDUSTRY NEWS
ACT and WA likely to see an uptick in listings
The ACT and Western Australia are likely to see the largest percentage of vendors listing their homes for sale in the coming months according to CoreLogic.
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INDUSTRY NEWS
South Australia bans rent bidding
The South Australian government has followed New South Wales’ lead and outlawed rent bidding in the hope it will help ease some pressure on the rental crisis.
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INDUSTRY NEWS
AI could potentially lead to white-collar “Rust Belt suburbs”
The rapid rise in AI is already changing the way white-collar workers operate and it has the potential to severely impact the price of real estate in certain suburbs according to an expert.
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INDUSTRY NEWS
Scammers fleece agent out of $300,000
A WA real estate agent has lost $329,500 after scammers successfully stole $329,500 from a trust account last week.
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INDUSTRY NEWS
More branded residences coming to Australia
Australia could soon see more branded residences popping up, with developments featuring the likes of the Ritz-Carlton and Four Seasons brands predicted to grow across the country according to a new report.
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INDUSTRY NEWS
The hotel industry rebounds as tourism nears pre-COVID levels
The hotel sector is showing signs of a return to pre-COVID occupancy levels, while room rates are also forging ahead according to an expert.
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INDUSTRY NEWS
The majority of agents are complying with NSW rent bidding laws
The vast majority of agents in NSW are doing the right thing and complying with rental bidding laws according to NSW Fair Trading.
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INDUSTRY NEWS
The fibs naughty renters tell their landlords
If you’ve ever told a fib to your landlord, then you’re not alone, with a new survey finding that 26 per cent of Australian renters have kept secrets from their landlord.
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INDUSTRY NEWS
Profitability is the number one concern for agency bosses
Profitability has been named the biggest challenge in the real estate industry courtesy of falling transaction volumes, according to new analysis.
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INDUSTRY NEWS
States desperate for social housing as rough sleeping numbers spike
The government needs to build 6000 new social houses every year for the next decade to end homelessness according to a new report.
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INDUSTRY NEWS
Your chance to own a former theme park
The former Fantasy Glades theme park in Port Macquarie is up for sale with potential buyers able to relive their childhood adventures.
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INDUSTRY NEWS
Herron Todd White: $750,000 won’t buy you as much as it used to
The surge in property prices since 2020 has left many homebuyers out in the cold, with fewer options under $750,000 according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Sydney and Melbourne jump up the liveability rankings
After tumbling down the liveability rankings during government-imposed COVID-19 lockdowns, Sydney and Melbourne have bounced back in 2023.
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INDUSTRY NEWS
House prices have doubled in two years in some regional areas
The surge in regional house prices has seen values in a number of locations double in just over a year.
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INDUSTRY NEWS
NZ home sales record first annual increase in two years
After being battered by one of the sharpest tightening cycles in the world, there are signs that the New Zealand market might be starting to turn the corner.
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INDUSTRY NEWS
Failed QLD land tax has seen investors flee
The Queensland government’s failed attempt to introduce an expanded land tax has done long-term damage to the state’s stock of rental properties according to new analysis.
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INDUSTRY NEWS
Share house demand surges across the country
Rapidly rising rents and a lack of rental properties are forcing renters to return to share houses in a bid to save money and secure a place to live.
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Real Estate Agent Events
Cyber security for real estate agencies
Trust is the bedrock of every successful real estate agency and in today’s world of data breaches, that trust must now extend to digital trust, according to an expert.
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INDUSTRY NEWS
Recent borrowers could end up spending 50 per cent of their income on their mortgage
Homeowners could be soon forking out up to 50 per cent of their income on mortgage repayments if the cash rate reaches 4.6 per cent according to new analysis.
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INDUSTRY NEWS
New home sales rise in May but remain low
New home sales have increased for a second month, however, they still remain sharply lower than the same time last year as the impact of higher interest rates continues to weigh on the market.
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INDUSTRY NEWS
New listings push higher as stock levels slowly rise
In good news for buyers, new listings have rebounded nearly 20 per cent last month, however, the flow of fresh levels is still lower than the same time last year.
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Elite Agent TV
Nick Borelli: Overcoming extreme adversity
After miraculously waking up from a two-week coma and surviving multiple organ failures after a mystery illness struck, Nick Borelli knew that he needed to pursue his passion in life.
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INDUSTRY NEWS
Homelessness across Victoria surges by up to 435 per cent in some areas
The housing crisis continues to hit the most vulnerable hardest of all, with a new report finding that homelessness across Victoria has increased by 435 per cent in some areas.
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