Search Results for: first home buyers
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INDUSTRY NEWS
A record-breaking year and trends to watch in 2022
Australia has smashed property records in 2021, racking up the highest number of sales and fastest rate of annual house price growth on record, according to new research. Domain’s End of Year Wrap shows that 446,800 houses and 144,500 units sold this year, with the combined capital city house price quickly closing in on the magic $1 million mark. It’s…
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FEATURE INTERVIEWS
A career that kicks goals: Michael Dowling
Michael Dowling shares his most memorable sale and the one thing he'd like to see changed in the industry.
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INDUSTRY NEWS
Report tips Sydney’s top performers for 2022
Rydalmere is tipped to be among Sydney’s best performers in 2022, according to a recent report which has crunched the numbers and looked at growth indicators for more than 600 Sydney suburbs. According to the Shore Financial State of Sydney Report, the suburb, which is next to Parramatta in Sydney’s west, could enjoy price growth of 17.4 per cent in…
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INDUSTRY NEWS
Australian families spend 36 per cent of their income on their mortgage
Housing affordability continued its decline in the September quarter with hard-hit first-home buyers pulling out of the market, the latest Real Estate Institute of Australia (REIA) analysis shows. The REIA’s Housing Affordability Report found 36.2 per cent of owner-occupiers’ income went to paying their mortgage, which is a 3.9 percentage point rise over the past year. The national median weekly…
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INDUSTRY NEWS
RBA keeps cash rate on hold with Omicron a new source of uncertainty
At its final meeting for 2021, the Reserve Bank of Australia has opted to keep the official cash rate at its historic low of 0.1 per cent, with a new Covid variant causing some market uncertainty. In his monthly statement today, RBA Governor Dr Philip Lowe said the Australian economy was recovering well from the setback the Delta outbreak caused,…
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OPINION
Great sales agents don’t sell homes – they create raving fans
In this marketplace, selling a home hasn't been easy.
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INDUSTRY NEWS
Hot property market cools as gap between buyers and sellers narrows
Price growth in Australia’s scorching property market has peaked and the first signs of a shift from an extreme sellers’ market to one that is more balanced have appeared, new data shows. The latest PropTrack Housing Market Indicators Report shows that while there are still a throng of active buyers in the market, for the first time since the pandemic…
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Real Estate News
Clearance rate slips below 70 per cent as volume continues to surge
Auction volumes couldn’t quite equal the record highs of last week, but still this week proved the second busiest auction week ever, with 4136 properties going under the hammer across the major capitals.
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Elite Agent
How we sold it: 38A The Terrace, Ocean Grove
Building relationships is real estate 101, but it’s not just connections with buyers and sellers that can help you sell properties. RT Edgar Bellarine Director Brock Grainger says forging strong partnerships with local media organisations has helped him tell the story behind his properties and this works to complement his digital and print marketing campaigns. The result is more eyes…
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INDUSTRY NEWS
Investors back in the market but owner-occupier lending falls
New investor loan commitments rose for the 12th consecutive month in October, while lending to owner-occupiers dropped by more than $800 million, according to new data.
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INDUSTRY NEWS
Pearl Beach property bought for 78 pounds sells for $2.5 million
An unassuming home bought for just 78 pounds almost 100 years ago has just sold for $2.5 million at Pearl Beach on the NSW Central Coast. It’s the first time the four-bedroom home had been offered to the market since the original owner, Evelyn Smith, bought the land in 1928. Then part of the new Staples Estate, the 675sq m…
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INDUSTRY NEWS
How COVID-19 changed the way Victorians work, live, and play
Times have well and truly changed, and as a result, so have the wants and needs of Australians – including how and where they want to live. The pandemic has changed our collective priorities, and that’s reflected in PwC’s latest CityPulse 2021, which examines the liveability of Victorian suburbs. PwC Australia Melbourne Managing Partner Peter Konidaris said CityPulse 2021 unearthed…
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INDUSTRY NEWS
Perth property market gears up a notch
Perth has enjoyed its fourth consecutive month of increased sales activity, with a 9 per cent rise in volume during November, while price growth is also keeping pace.
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Real Estate News
Key number indicates a busy 2022 for real estate
The real estate industry could be in for a busy New Year, with Domain reporting increased appraisal volumes across the country as sellers ponder the prospect of taking their property to market in 2022.
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INDUSTRY NEWS
New research reveals Australia’s top family suburbs
New South Wales suburbs have dominated the top five spots in a new list of Australia’s best family housing markets. The research, commission by Well Home Loans, identifies the top 20 suburbs for families, with the NSW suburb of Horningsea Park coming out on top. Doug Vukojcic, property adviser for United Agents Property Group at Carnes Hill said the result…
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INDUSTRY NEWS
How property settlement period blowouts are impacting agency cash flow
If you’re an agent, you’ll know that the current tight market conditions have meant that settlement periods are expected to blow out, with some even extending far into next year.
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FEATURE INTERVIEWS
24-year-old young gun writes $22M from his bedroom
Armed with nothing more than a laptop and mobile phone, 24-year-old Andrew Diadyk sold more than $22 million worth of property in the 12 months to November – all based from his bedroom based office in the Ingleburn home he shared with his mother.
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INDUSTRY NEWS
The prime real estate position Australians are willing to pay top dollar for
One in three super prime residential sales in Australia over the last year have been absolute waterfronts, with buyers paying greater premiums than ever before.
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Elite Agent
Behind the scenes: How a $35 million-plus property sold in four days
Selling a property for more than $35 million in just four days might seem like a whirlwind feat, but as sales agent and The Agency co-founder Steven Chen explains, it’s years of experience and hard work behind the scenes that goes into a sale of this nature.
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Real Estate News
Why you need a whole lot more in the bank to buy a luxury property in Australia
Forget the million dollar price tag for a prestige property, $4 million is the new $1 million, according to Ray White’s Nerida Conisbee. In a recent look into the luxury property market, Ms Conisbee noted the sector was among the beneficiaries of the pandemic. And, like other areas, it was being driven by low interest rates, high savings, more time…
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INDUSTRY NEWS
Vic auction listings break through 2000 for the first time
A record 2040 residential property auctions were expected to be staged in Victoria in the week ending 28 November, according to the Real Estate Institute of Victoria (REIV).
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Real Estate News
The busiest auction week on record
This week proved the busiest auction week on record with 4261 properties going under the hammer across the combined capitals.
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OPINION
Why real estate and debt are like wine and chocolate
It causes a heck of a lot less problems than booze, biscuits and cigarettes.
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Elite Agent
How to market a tiny apartment with a toilet in the shower
At just 17sq m and with a toilet located inside the shower it’s safe to say 43/20-22 Springfield Ave, Potts Point, is not your standard apartment. It forms part of the tiny home movement and while the selling agent, Belle Property Potts Point’s Silvia Vitale, has seen features like this before, there’s no doubt a specialised marketing plan, targeting a…
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INDUSTRY NEWS
COVID-19 drives ‘regional renaissance’ as house prices surge
The regional property market continues to skyrocket, with house prices jumping almost 30 per cent in the year to September, the fastest annual pace in 35 years. The rapid rise in the regional market is outpacing growth in metro areas, as the ripple effect of COVID-19 sees homeowners flee the city, thanks to increasing work-from-home arrangements. The findings were revealed…
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FEATURE INTERVIEWS
The Gold Coast agents rubbing shoulders with Hollywood stars
Clark Kent’s alter ego is Superman, Bruce Waynes’ is Batman, and now a Gold Coast real estate agent moonlights as a Hollywood actor and a stuntman. Alex Fleri and his wife Victoria, who also acts in movies, are part of the Amir Prestige Property Agents team, and when they’re not starring on the silver screen, they’re selling multi-million homes on…
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INDUSTRY NEWS
How big is the gap? How rising house values compare to wage growth
House values have risen at more than double the rate of wage increases over the past two decades, according to recent analysis by CoreLogic.
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INDUSTRY NEWS
New player enters the digital market
A new digital property platform has entered the Queensland market, creating efficiency and transparency in the sale-to-settlement journey for buyers and agents.Â
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INDUSTRY NEWS
The Australian city second in the world for prime price growth
Sydney’s prime prices are expected to rise by 9 per cent next year, according to new data, making it the second highest city for prime price growth in 2022.Â
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Real Estate News
PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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INDUSTRY NEWS
More than half of first home buyers are going solo
First home buyers in New South Wales are seeking a home not an investment, with more than half going it alone, according to new data. The latest InfoTrack Property Market Update revealed in the year to October’s end, 84 per cent of NSW first home buyers purchased either a house (47 per cent) or a strata property (37 per cent)…
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Real Estate News
Fifth busiest auction week on record
The combined capital cities have enjoyed their busiest auction week since late March and the fifth busiest since CoreLogic records commenced in 2008, with 3725 properties going under the hammer.
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INDUSTRY NEWS
Increasing property prices see stamp duty skyrocket
Property prices have soared throughout the pandemic, as more Australians seek to achieve work/life balance, relocating to lifestyle locations in droves.
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Real Estate News
Online auctions here to stay, as volumes surge this weekend
Australian capital cities are set to have their busiest auction week since late March, and their fourth busiest week since CoreLogic records commenced in 2008. This week 3810 homes are expected to go under the hammer – double the volumes recorded this time last year. Continuing the upward trend seen since early October, Sydney is set to host 1439 auctions…
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BEST PRACTICE
How top agents sell elite properties
When Sydney Sotheby’s International Reality Managing Director Michael Pallier listed this Point Piper waterfront mansion, he took an approach to marketing that was as unique as the property itself. Edgewater, on Wolseley Rd, sold for an eye-watering $95 million, showing it was a was a marketing approach that worked, and should be applied to most elite sales, according to Mr…
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