Search Results for: melbourne
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Elite Agent
ACT real estate portal launches industry-first build-to-rent solution in Canberra
In a pioneering move for the Australian real estate industry, ACT-based portal Allhomes has introduced a build-to-rent (BTR) product solution, making it easier for renters to find and apply for BTR homes alongside traditional rentals in Canberra. Allhomes, owned by Domain, launched the new feature on 1 August 2024, catering to the emerging BTR market in the capital. The platform…
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Movers and Shakers
Ray White Victoria and Tasmania celebrates top performers
Ray White Victoria and Tasmania has recognised its top performers at its annual awards night, with Ray White Ferntree Gully taking out the top office spot for the eighth consecutive year.
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INDUSTRY NEWS
Property market delivers record profits for Australians
Australia’s property market continues to solidify its reputation as a reliable wealth-building avenue, with a significant surge in profit-making sales across the nation.
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Real Estate News
The Gold Coast is set to outshine Sydney as Australia’s luxury property hotspot
The Gold Coast property market is experiencing an unprecedented boom, overtaking other major Australian cities and attracting significant interest from investors and luxury buyers. With a median house price of $1.17 million, the region now boasts the second-highest median property price in Australia, trailing only Sydney’s $1.7 million, according to Ray White Chief Economist Nerida Conisbee.
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Thought Leaders Podcast
Peter Hooymans: Coaching, Culture, and Calculated Risks – A 30-Year Real Estate Journey
How much of your current strategy is driven by luck, and how much by taking deliberate actions? According to Peter Hooymans, the founder and chief executive officer of Melbourne Real Estate, success is about perseverance, innovation, and strategic decision-making.
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Real Estate News
Domain reports solid jump in revenue and profit
Domain has reported a “strong” set of financial results for the 2024 financial year, with revenue increasing 13.1 per cent to $391.1 million, while net profit increased 27.9 per cent to $49.4 million.
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INDUSTRY NEWS
Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
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Real Estate News
Harcourts bids big for mental health with Blue Friday auctions
Harcourts Australia is getting ready to paint the country blue, with its nationwide auction event to raise money for mental health and wellbeing charity Beyond Blue.
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Real Estate News
Buyers find more options as property supply rises
Properties will need to be priced right coming into the spring selling season, with the latest data from Domain showing momentum is swinging towards buyers.
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Real Estate News
Nationwide workshops to shape future of property services qualifications
BuildSkills Australia (BuildSkills) will hold consultation workshops around the country as part of qualification reform in the property services industry.
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INDUSTRY NEWS
Buyers cautious with economy stuck between a ‘rock and a hard place’
The Australian property market is currently mixed with the economy trapped between a ‘rock and a hard place’ and buyers are becoming more cautious according to a new report.
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Real Estate News
REA Group reports revenue and net profit surge
REA Group has reported strong financial results for the year ended June 30, 2024, with revenue up 23 per cent and net profit climbing 24 per cent year-on-year.
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Real Estate News
Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per cent increase in national rents during July.
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INDUSTRY NEWS
International student caps not enough to free up housing
Universities across Australia could soon face new regulations limiting their international student enrolments to a maximum of 40 per cent - but it may not be enough to ease the housing crisis.
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Real Estate News
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its August 2024 meeting, but stressed that monetary policy will need to be “sufficiently restrictive” until it is confident inflation is moving sustainably towards the target 2-3 per cent range.
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INDUSTRY NEWS
Barry Plant’s “Call-lympics” nets 1800 appraisals
Barry Plant's network-wide appraisal drive, dubbed the "Call-lympics," has resulted in over 1,800 appraisals booked during two short call bursts.
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Movers and Shakers
Brocke Hambrecht opens Belle Property Commercial Brisbane North
Experienced auctioneer Brocke Hambrecht has launched Belle Property Commercial Brisbane North, expanding the brand's presence in Southeast Queensland.
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Movers and Shakers
Jacob Caine and Toby Campbell join Ray White
After almost 30 years in operation, East Melbourne's top independent agency, Caine Real Estate, has joined Australasia's largest real estate group as Ray White CRE.
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Real Estate News
Demand for high-quality offices drives down vacancy rates in capital city CBDs
Office vacancy rates have fallen in half of Australia’s CBDs, with demand for space, particularly high quality offices, on the rise.
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Real Estate News
One-minute data: Home price growth continues
National home prices have increased 0.08 per cent in July and are now 6.3 per cent higher than a year ago.
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INDUSTRY NEWS
Data insight: Immigration brings retail assets back to life for now
Record-high immigration levels have revitalised retail assets and boosted sentiment nationwide, but there are still headwinds for the sector.
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INDUSTRY NEWS
Data insight: Property prices don’t care about high rates
Property markets continue to tick higher, despite high interest rates and cost of living pressures, however, there is still a big disparity between the different cities.
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INDUSTRY NEWS
Investors give Melbourne property a ‘wide berth’
Property prices are on the rise across the county, however, Melbourne continues to lag behind other major capitals.
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Celebrity Homes
Cotton On owners to take tropical haven to auction
Co-owners of the renowned Australian retail giant Cotton On are bidding farewell to their tropical haven on the edge of the Great Barrier Reef.
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Real Estate News
Rohin Arora: Freedom to run your own business
Rohin Arora knew he wanted to go out on his own and build a business for himself, but he quickly realised that as a young agent he was going to have to go above and beyond to make it happen. Mr Arora joined Area Specialist after starting his career with a larger franchise and establishing himself in the industry. He…
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INDUSTRY NEWS
One-minute data: Australian house prices hit record highs, but growth slows
House prices in Australia's capital cities have reached new highs for the sixth consecutive quarter, but the pace of growth is decelerating.
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Real Estate News
Palm Beach gets a ‘glow up’ with new apartment developments
The Gold Coast’s Palm Beach is in the midst of regentrification, with numerous new luxury apartment developments popping up along the shoreline of the once sleepy seaside village.
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INDUSTRY NEWS
One-minute data: Australian home value growth cools as winter sets in
CoreLogic's daily home value index shows a slowdown in national property price growth, with values rising just 0.5 per cent over the past four weeks.
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Real Estate News
One-minute data: Metro areas drive Australian property market growth
Sales volumes jumped 5.5 per cent in the 2023-2024 financial year with Australia’s mainland states recording 663,158 residential property settlements.
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Real Estate News
One-minute data: June new listings plunge
The seasonal new listings slowdown hit in June, but total listings are still higher than the same time last year.
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Real Estate News
How a trip to Disneyland turned Buxton’s Owen Bowditch into a Make-A-Wish ambassador
When Buxton Brighton agent Owen Bowditch gets on stage to raise money for Make-A-Wish Australia, he’s not just speaking from the heart but experience.
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INDUSTRY NEWS
Renters forced to save their pennies for essential costs
Surging unit rents are finally slowing down in the major capital cities as the heat comes out of the rental market.
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Real Estate News
Changing the game for renters and landlords
Leap Real Estate always strives to think outside the box.
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Movers and Shakers
Professionals Real Estate expands nationally
Professionals Real Estate marks a strong start to the new financial year with nine new offices and a key executive appointment.
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INDUSTRY NEWS
Vacancy rates rise again in the capital cities
Pressure is slowly starting to ease for struggling tenants, with new data showing the national vacancy rate is on the rise.
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