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INDUSTRY NEWS
Is the downturn over? House prices on the rise
Australia's property market is showing cautious signs of recovery, with house prices across the combined capitals increasing in the March quarter for the first time in a year.
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INDUSTRY NEWS
Two-speed demand splits rental market
A two-tiered rental market is appearing, with demand for rentals in capital cities soaring while in regional areas it is falling dramatically.
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INDUSTRY NEWS
Half of households dip into savings to pay the bills
Households are being forced to dip into their nest eggs and even their kid's savings to try and cover the surging cost of living.
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INDUSTRY NEWS
Regional areas and high-end Sydney suburbs lead the bounce back
Affordable regional areas and high-end Sydney suburbs dominate the list of locations experiencing a market bounce back, according to new research.
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INDUSTRY NEWS
Commercial real estate sector resilient amid challenging conditions
Commercial property markets remained resilient this year despite higher interest rates hurting demand, according to a new report.
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INDUSTRY NEWS
The Queensland regions where homes are under $500,000
Despite surging immigration and tight supply, it’s still possible to find a home in Queensland for under $500,000, according to an expert.
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INDUSTRY NEWS
Young Australians left with just $13 a day as rents soar
Students and young Australians are being hit hard by the ongoing rental crisis, with new data showing that they are being forced to live on a “ridiculous” $13 a day.
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INDUSTRY NEWS
Essential workers paying two-thirds of their income on rent
Soaring rents across the country are hitting essential workers hard, with a new report finding they are paying two-thirds of their income on rent.
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INDUSTRY NEWS
New dwelling commencements near decade low
New home starts across the country declined last quarter as the industry worries that a lack of new supply in the pipeline will exacerbate the housing crisis.
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Elite Agent
Real estate businesses need all-encompassing solutions in light of Latitude hack
Cybersecurity threats are becoming increasingly common, with high-profile data breaches affecting some of the country's largest companies including lender Latitude Financial, which has now put the real estate industry on notice.
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INDUSTRY NEWS
Victorian property prices starting to stabilise
The pace of Victoria's property price decline has slowed, with new data showing values are stabilising.
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INDUSTRY NEWS
The real estate downturn hits the Metaverse
A couple of years ago the Metaverse was hot property, but just like in the real world, virtual real estate is also in decline.
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INDUSTRY NEWS
Interest rates and population growth lead to extreme property price swings
Falling interest rates, a rising population and demand for better-quality homes are some of the main reasons for the large swings in home prices across New Zealand according to a new paper.
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INDUSTRY NEWS
Perth rent rises a “certainty” amid tight supply
Rents have jumped 17 per cent across Greater Perth since April 2022, with house price rents in Morley and Scarborough the hardest hit.
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INDUSTRY NEWS
Sydney ranks 6th for luxury property rental growth
Prime rents in Sydney surged 6.7 per cent in 2022, placing the city at number six on the list of luxury property markets.
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INDUSTRY NEWS
New laser beam technology to improve building inspections
Building inspectors could soon be shooting laser beams in a bid to create faster and more effective inspections for buyers, according to new research.
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Elite Agent TV
Sam Paton: Planning for success
When Ray White Glenelg Sales Executive Sam Paton moved to Adelaide to start his real estate career, he had no contacts and no relationships. What he did have was an incredible work ethic and the drive to achieve something big.
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INDUSTRY NEWS
5000 rental properties lost to the WA market in the past 12 months
The number of rental properties in WA continues to fall as investors flee the state after a number of tough years.
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WEIRD AND WONDERFUL
Luxury home with James Bond-style shark tank for sale
If you’ve ever hoped to live like a Bond villain, then this luxury home in Sydney’s Kangaroo Point could fit the bill as it comes with its very own shark tank.
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INDUSTRY NEWS
Build-to-rent could boost housing supply by 150,000
Cutting government taxes on build-to-rent developments could lead to an increase of 150,000 new rental properties over the next 10 years, according to a new study.
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INDUSTRY NEWS
Ryan Serhant expands into six new markets
While other US brokerages have been cutting back amid a widespread market slowdown, celebrity agent Ryan Serhant has been busy expanding.
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INDUSTRY NEWS
Couples moving in together sooner to save on rising housing costs
New couples are moving in together faster and leaving the romance at the door, in a bid to try and save on the escalating cost of housing.
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INDUSTRY NEWS
Rents surge in longest ever stretch of price growth
Tenants continue to face extreme financial pressure, with rents rising at the fastest rate since before the pandemic.
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INDUSTRY NEWS
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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INDUSTRY NEWS
Bombshell US court ruling could see agents forced to reimburse sellers
An explosive court ruling in the US has opened the door for potentially millions of sellers to seek to be reimbursed for commissions paid to buyer's agents between 2015 and 2020.
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INDUSTRY NEWS
Smaller capital cities are the standout performers in a ‘segmented’ market
The smaller capital city property markets of Adelaide, Perth and Darwin have been the standout performers from across the country, while Melbourne continues to struggle, according to a new report.
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COMMERCIAL
Flight to quality for East Coast CBD office space
Businesses are demanding A-grade CBD office space in Melbourne and Sydney as employers try to entice workers back to the physical office.
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INDUSTRY NEWS
One-in-five new buyers want an inner city home but can’t afford it
New home buyers in Victoria want to be living in established areas, but a lack of suitable options is making that impossible according to a new report.
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INDUSTRY NEWS
One in four borrowers are paying over 6.5 per cent on their mortgage
Rising interest rates have caught borrowers off guard, with one-in-four now paying over 6.5 per cent interest on their mortgage.
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INDUSTRY NEWS
PMVA secures six-year lease with Clark Global City
Property Management Virtual Assistant (PMVA) has extended its lease with Clark Global City for six more years, allowing the company to improve its market-leading services even further.
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WEIRD AND WONDERFUL
Mansion with its own $300,000 gym hits the market
Fitness enthusiasts tired of overcrowded gyms might want to take a look at this exclusive mansion that comes with its own commercial-sized gym - fitted out with $300,000 worth of equipment.
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INDUSTRY NEWS
HomeBuilder deadline extended for property owners
Property owners at risk of losing the $25,000 HomeBuilder grant due to ongoing building delays have been given a reprieve from the government, with the scheme extended to June 2025.
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Celebrity Homes
Emily Blunt and John Krasinski’s Hollywood Hills home back on the market
The former Hollywood Hills home of celebrity couple Emily Blunt and John Krasinski is back on the market and up for grabs for US$6 million.
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INDUSTRY NEWS
New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase in interest rates has put the brakes on homebuyers.
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INDUSTRY NEWS
NSW and QLD top the list of recession-proof suburbs
NSW and QLD have a number of locations that could hold up in value in the event of a recession according to an expert.
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