Search Results for: melbourne
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Movers and Shakers
LAWD appoints Henry Sayers to spearhead its industrial expansion
Specialist valuation and transaction firm, LAWD has appointed property specialist Henry Sayers to expand their industrial offering.
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Celebrity Homes
Oscar-winner Cate Blanchett lists her Melbourne home
Oscar-winning actor Cate Blanchett and her husband, playwright and director Andrew Upton, are selling their Melbourne home, with expectations of fetching between $2.25 million and $2.45 million.
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INDUSTRY NEWS
Stamp duty now costs up to six times more than a generation ago
Homebuyers are now paying up to six times more in stamp duty than a generation ago as incomes have not kept pace with surging home prices according to new research.
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National
Healthier market leads REA Group to excellent half-year financial results
REA Group Chief Executive Officer Owen Wilson has predicted “healthy market conditions” for the remainder of 2024 on the back of securing outstanding half-year financial results.
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INDUSTRY NEWS
How can housing values fall when demand is so high?
The housing crisis and ongoing demand for property due to population growth is being reflected most of all in rental markets, with home prices falling in some areas according to an expert.
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Real Estate News
The Agency welcomes two new offices in South East Queensland
The Agency has opened offices across South East Queensland as it embarks on ambitious growth targets for the region.
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Real Estate News
Distressed listings jump 9 per cent in NSW
The number of distressed listings has risen across Australia, despite the number of total listings falling in January.
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INDUSTRY NEWS
‘Bleak’ outlook for office assets as workers stay home
Workers are not returning to the office leading to sustained upward pressure on vacancy rates and a negative outlook for the sector according to an expert.
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Real Estate News
Vacancy rates fall again in the new year
Rental availability declined further in January, with the national vacancy rate falling to 1.09 per cent.
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Real Estate News
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the cash rate at 4.35 per cent at its first meeting of the year.
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Real Estate News
Australia’s auction season kicks off with near-record activity
Australia has recorded the second biggest start to auction season on record, with 1671 properties going under the hammer last week across the capital cities.
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Elite Agent
Aussie suburbs’ love affair with cars amid urban shift
Revving up for the upcoming Melbourne Grand Prix, let's dive into the Aussie suburbs that have an undeniable love affair with their four-wheeled companions.
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Celebrity Homes
Richmond CEO lists historic Brighton home with New York flair
In the vibrant heart of Brighton's north, a property that echoes the sophistication of a Manhattan dwelling is on the market.
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INDUSTRY NEWS
Competition cools despite record low vacancy rates
Vacancy rates have returned to record low levels, but there is hope for renters, with new data showing competition for properties is starting to ease.
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Real Estate News
The Agency recruits market leaders in Melbourne’s Williamstown
Highly regarded real estate professional Leigh Melbourne and his team have joined The Agency Victoria, and are looking to grow the brand in the Williamstown area.
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BTW
Cirrus8 brings David Matulis on board to boost its international expansion
Commercial property management software company Cirrus8 is bringing in David Matulis to help accelerate the business's international expansion.
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Real Estate News
Mixed results as home values climb for the 12th straight month
Australian property values have risen for the 12th consecutive month, but market performance remained varied among the capital cities.
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Real Estate News
Perth prices continue to surge in January
Perth has retained its title as the strongest property market in Australia, with house prices up 15.3 per cent over the past 12 months.
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INDUSTRY NEWS
Coastal hotspots set to see strong demand in 2024
Coastal locations continue to be in favour with buyers, with experts predicting a number of beachside suburbs across the country are likely to see solid growth in 2024.
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Real Estate News
Property prices hit new highs as growth continues
Australia’s property market has fully recovered from the 2022 downturn, with prices hitting a record high in the December quarter.
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INDUSTRY NEWS
Rents hit another record high but growth likely to slow
Tenants continue to feel the pressure of the housing crisis, with rents surging to a record high and passing $600 per week.
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INDUSTRY NEWS
Rising construction costs signal a return to trend
Construction cost increases have started to reaccelerate, but experts believe this is just a return to trend and not another new surge in prices according to CoreLogic.
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Real Estate News
Mathew Tiller: Property market more balanced in 2024
Increasing stock levels will create a more balanced property market in 2024, but prices will still climb, according to LJ Hooker Head of Research Mathew Tiller.
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Real Estate News
Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street and suburb reviews during the process, the solution he and his brother Adam created will celebrate a major milestone.
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CONTRIBUTORS
Leanne Pilkington: Interest rates, supply challenges and emerging real estate trends in 2024
In the throes of 2024, the Australian real estate market faces a critical juncture, challenged by the ebb and flow of interest rates and pressing supply issues. Here, Laing+Simmons Chief Executive Officer and Real Estate Institute of Australia President, Leanne Pilkington, reveals why this pivotal moment will demand unprecedented adaptability and strategic foresight from buyers, sellers, investors and agents alike.
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INDUSTRY NEWS
Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way with vacancy rates rising in December.
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INDUSTRY NEWS
Relief for renters as house rents remain steady
After a tough few years for renters, there is now a glimmer of hope with house rents across the combined capitals holding steady for the first time in almost three years.
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INDUSTRY NEWS
Property market resilience to be tested in 2024
After bouncing back in 2023, the resilience of the property market is set to be tested according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Perth property prices predicted to jump up to 10 per cent in 2024
Perth property prices could soar as much as 10 per cent in 2024, according to Damian Collins, who is the past president of the Real Estate Institute of Western Australia (REIWA).
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INDUSTRY NEWS
REIQ Zone Chairs to enhance local real estate insights
The Real Estate Institute of Queensland (REIQ) has appointed 16 Zone Chairs to lend their voice and local insights on real estate issues in the state's largest property markets.
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INDUSTRY NEWS
A year of two halves for property growth
The past 12 months has been a year of two halves for the Australian property market, with ongoing rate hikes and stretched affordability slowing growth since June.
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INDUSTRY NEWS
Housing crisis is due to lack of supply, not immigration
The more than 500,000 new immigrants aren’t causing pressure on the housing market or making property prices more expensive according to a leading buyers agent.
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INDUSTRY NEWS
Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
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INDUSTRY NEWS
Property prices could rise 4 per cent next year
The rebound in the property market is expected to continue in 2024, with values to rise by up to 4 per cent according to a new report.
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INDUSTRY NEWS
The Block serial buyer Danny Wallis to offload his 11 Victorian properties
One of the biggest buyers on The Block, Danny Wallis, is set to sell all of Victorian investment properties, with new taxes and regulations making it untenable for the investor.
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