Search Results for: melbourne
-
COMMERCIAL
Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia. …
Read More » -
Vic
Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year
Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales. …
Read More » -
National
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic. …
Read More » -
INDUSTRY NEWS
Fewer properties taken to auction due to multiple lockdowns
There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 74.8 per cent this week. …
Read More » -
QLD
Record low vacancy rates continue to impact Queensland
Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state's rental market continues to tighten. …
Read More » -
NEWS
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based. …
Read More » -
COMMERCIAL
Affordable regional markets are attracting first-time commercial investors
Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing, a regional growth centre can offer cost benefits, …
Read More » -
INDUSTRY NEWS
Are weekday auctions the new Saturday?
Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction day clearance rates, Friday is actually more successful. …
Read More » -
FRANCHISE NEWS
From Wagga to Canberra: The next big step for Dave Skow
Dave Skow has set his sights on Canberra, teaming up with Independent Property Group as their new senior operations manager …
Read More » -
INDUSTRY NEWS
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009. …
Read More » -
INDUSTRY NEWS
Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the week that Sydney was extending the current lockdown and Melbourne was commencing a fifth lockdown. …
Read More » -
NEWS
Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures. …
Read More » -
NEWS
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a set of mortgage assumptions and valuation estimates, …
Read More » -
CONTRIBUTORS
The real estate revolution is gaining pace
Major change is rarely an overnight event. It takes a great idea, time, and the ability to bring others on board with your infectious enthusiasm. Revolution requires momentum – once that’s built and becomes entrenched, you either get on board or get out of the way. Of course, change is also resisted by some – people whose established income streams rely on maintaining the status quo will not only repel change, …
Read More » -
National
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per cent, …
Read More » -
National
The top 10 most undersupplied metro rental markets revealed
The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available properties for tenants. …
Read More » -
NEWS
National auction volumes remain steady despite drop in Sydney
The preliminary auction clearance rate has risen to 76.4 per cent this week, with volumes remaining relatively steady despite a 17 per cent drop in the number of predicted auctions in Sydney. …
Read More » -
INDUSTRY NEWS
CoreLogic investigates how the housing market reacts to lockdowns
CoreLogic has released a comprehensive overview of housing market performance through lockdowns. …
Read More » -
INDUSTRY NEWS
Herron Todd White issues ‘half time’ property market score for 2021
Herron Todd White (HTW) has issued their ‘half time score’ for the property market in 2021, with their June Month in Review highlighting ‘mostly robust property markets across the nation’. …
Read More » -
INDUSTRY NEWS
Major global cities see house prices rising at the fastest rate since 2007
Darwin, Canberra and Hobart house prices are rising at the fastest rate since 2007, says Knight Frank Global. …
Read More » -
National
Just 19 per cent Australians think you can buy a house for the listing price
Prospective homebuyers think they should brace themselves to pay more than the asking price, says new Finder research. A national survey of 1012 respondents found just 19 per cent of Australians agree that houses sell for the price they are listed for. The research revealed 70 per cent expect property to sell for more than what the seller asks. One in every four Australians (26 per cent) think that properties normally sell for between 11 to 20 per cent over their asking price, …
Read More » -
Insights
Rental vacancy rates hit a milestone low
New Domain data shows national rental vacancy rates are the lowest on record. …
Read More » -
INDUSTRY NEWS
Auction volumes and clearance rates dip due to COVID uncertainty
The preliminary clearance rate came in at a lower 73.6 per cent this week after the volume of auctions dipped slightly due to COVID lockdowns in multiple Australian states. …
Read More » -
INTERNATIONAL
Melbourne is the best city in the world for working remotely
A new study has revealed the best cities to live in and work remotely from, based on data on legislation, costs and overall liveability. The on-demand housing platform Nestpick investigated the 75 best cities in the world for working remotely. Melbourne and Sydney came first and third respectively. The scores indicates which cities are best prepared to attract a new breed of remote workers by using digital nomad visas, …
Read More » -
NEWS
Australian dwelling values finish the financial year 13.5 per cent higher
National home values rose 1.9 per cent in June, taking annual growth to 13.5 per cent for the financial year. …
Read More » -
National
Family Home Guarantee and First Home Loan Deposit kicks off around Australia
Two highly anticipated government initiatives started 1 July, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner. The Family Home Guarantee and First Home Loan Deposit scheme have each offered 10,000 new spots to eligible lower income Australians. But financial comparison hub RateCity warns consumers to check the fine print for these offers. …
Read More » -
Insights
Knight Frank research reveals promising luxury real estate trends
Australia’s major cities saw their highest quarter of prime residential sales volume on record. At the same time, the number of days a prime property was on the market compressed by almost a week, indicating there’s still more steam in the prestige market ahead, according to Knight Frank research. …
Read More » -
FEATURE INTERVIEWS
Standing the test of time: Tony Pickering
The name Tony Pickering is synonymous with Darwin real estate. After 50 years of dedicated service in the industry, the KG Young & Associates director has been awarded the Real Estate Institute of Australia’s top gong – the 2021 President’s Award. Here, Tony shares how he got started in real estate, his long list of achievements and why he’s not ready to retire just yet. …
Read More » -
OPINION
The impact of the Lords of Property Instagram page
A few days ago, I received a link to an Instagram account along with a laughing emoji. The account was called Lords Of Property, which instantly made me cringe at the thought of what stomach-churning content could potentially be on it. I was expecting to see rented Lamborghinis, no socks, and other stuff disguised as ‘motivation’ spewed from some self-idolising muppet, …
Read More » -
NEWS
PropTech Group to buy Eagle Software as part of growth initiative
PropTech Group has agreed to buy Eagle Software for $7.5 million as part of its objective to own and operate property technology businesses in the Australian, New Zealand and United Kingdom real estate markets. Under the agreement the payment will include $4.1 million in cash and $3.4 million in scrip. It forms part of a wider, $17.5 million equity raising to acquire not just Eagle Software, …
Read More » -
NEWS
Sydney holds firm despite lockdown, Melbourne enjoys second busiest auction week of the year
Melbourne has enjoyed its second busiest auction week of the year, but all eyes were on Sydney this weekend after the announcement of snap lockdowns in four local government areas. …
Read More » -
NEWS
Profit-making resales jump thanks to hot property market
The number of home owners selling their property at a profit jumped in the March 2021 quarter thanks to the record run for property prices. …
Read More » -
The Elevate Podcast
Client care that converts: Tanja Neven-Jones
In this episode of the Elevate podcast, Tanja Neven-Jones shares the strategies that helped her establish a successful real estate career, not just once, but twice. …
Read More » -
Elite Agent
Listing Loop: Three myths about selling off-market
Selling a property off-market may not be a new concept, but it has gained a lot of traction in recent times. It’s not uncommon to drive around the streets of any major city or town and see a ‘sold sign’ appear out the front of a property when just 24 hours earlier, there was nothing there. Not even a ‘for sale’ sign. …
Read More » -
INDUSTRY NEWS
Over three-quarters of auctions successful this week
Over three quarters of auctions proved successful this week after 2418 properties were taken to auction, resulting in a preliminary clearance rate of 77.8 per cent. CoreLogic noted the volume was again down on numbers predicted earlier in the week, revising down from 2610 with the majority of that drop occurring in Melbourne. Of the 1955 results collected so far, 77.8 per cent were successful, …
Read More »
