Search Results for: melbourne
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INDUSTRY NEWS
Call to cut refinancer stress test to let borrowers out of mortgage prison
Australia’s leading financial comparison site, RateCity, has called on the Australian Prudential Regulation Authority (APRA) to lower its stress test for refinancers.
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INDUSTRY NEWS
Listings up 5.6 per cent compared to last year
Property listings experienced their traditional lull during April, however, in positive news for homebuyers, they are now higher than the same time last year.
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INDUSTRY NEWS
Australia’s housing crisis: unmasking the real culprits and solutions
The housing crisis is the hot topic on everyone's lips, and with last week's Federal Budget, and the release of the third and final whitepaper from LongView and PEXA examining the conundrum released this week, it's not going anywhere fast.
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Real Estate News
New rental listings nosedive in April
Vacancy rates may have eased slightly in April but the latest PropTrack data shows the number of new rental listings on realestate.com.au plummeted last month.
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INDUSTRY NEWS
Sydney council proposes tax on empty homes
In an effort to combat the housing affordability crisis and increase the availability of rental properties, the Inner West Council in Sydney has put forward a proposal for a tax on empty homes.
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Elite Agent
Bill Karp: Why leadership will be his legacy
Bill Karp is celebrating 40 years in the real estate industry, but that doesn’t mean he is thinking about retirement.
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INDUSTRY NEWS
Aussie renters feel ‘left out’ of the Federal Budget despite new housing initiatives
More than half of Australian renters say they’ve been ignored in last week’s Federal Budget, with a further 25 per cent saying the government measures aimed at fixing the housing crisis don’t go far enough.
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INDUSTRY NEWS
Rental vacancy rates show slight improvement nationally
Rental vacancy rates eases slightly across the nation in April, with Darwin the only capital city to see a drop in vacancy rates.
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SUPPLIER NEWS
REA Group revenue hit by interest rate turbulence; Indian market shines
Interest rate uncertainty and subdued listing numbers have contributed to REA Group posting a decline in third-quarter revenue and earnings.
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OPINION
Nerida Conisbee: low volume winter looks likely
In April, new listings were down 17.1 per cent with Sydney and Melbourne seeing the biggest falls.
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INDUSTRY NEWS
Foreign buyers return to the Australian housing market
Foreign buyers are returning to the Australian market following a drop in numbers in 2022, according to a new property report.
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INDUSTRY NEWS
Remote investing soars, but it could trouble tight rental markets
Remote investing has accelerated for the third year running, despite the easing of Covid restrictions, and it could spell bad news for some of our tightest rental markets.
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INDUSTRY NEWS
Some capital city vacancy rates starting to ease
The nation’s vacancy rate remained at its lowest point on record in April at 0.8 per cent, despite the number of available rentals increasing slightly in five capital cities.
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FRANCHISE NEWS
Personal ambition and work-life balance: David Samarges first 100 days with Agents’Agency
As a highly-driven sales agent, David Samarges has carved a reputation among Victoria’s elite.
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INDUSTRY NEWS
Confidence returns to the property market
Confidence is slowly returning to property markets across the country, with demand for quality properties still remaining high according to experts.
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INDUSTRY NEWS
Australian housing downturn has likely ended with positive growth trend emerging
Three of Australia’s leading real estate data providers have suggested the property market downturn is over.
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INDUSTRY NEWS
Buyers increasingly focused on lifestyle and location: HTW
While interest rates and affordability have dominated the headlines, most home buyers are increasingly focused on access to transport, lifestyle and community when making their purchase decision according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
REA Group announces all the AREAs winners
Winners in the Annual REA Excellence Awards (AREAs) have been announced with Ouwens Casserly Real Estate taking out the coveted Residential Agency of the Year Award.
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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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COMMERCIAL
Landlords to cut office leasing incentives
As workers return to the office in increasing numbers, landlords are expected to reduce office leasing incentives in 2023, according to experts in the field.
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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
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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OPINION
Nerida Conisbee: when will property prices return to their peak?
We’re now consistently seeing house price growth across every Australian capital city.
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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
Rentals snapped up in record quick time
Rental properties are once again being leased at record fast rates.
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INDUSTRY NEWS
Hobart records the highest price growth over the past 20 years
Sydney and Melbourne are regularly in the real estate headlines, but it’s a much smaller capital city that has come out on top as recording the best median house price growth over the past 20 years.
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FEATURE INTERVIEWS
Caleb Venneri: Why confidence is key
Caleb Venneri grew up around real estate but never dreamt he'd become an agent himself. But all that changed when his father teed him up with a job when he moved to Melbourne. Here, the Barry Plant agent explains what he loves about the job, his most memorable sale and the clear goals he has for the future.
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INDUSTRY NEWS
The Aussie real estate magnates among Forbes’ top billionaires
Eight Australia real estate and property development magnates have made Forbes’ annual World Billionaires List for 2023.
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FEATURE INTERVIEWS
Josh Horner: putting rhythm into real estate
Shakespeare once wrote, “All the world’s a stage,” and for Josh Horner, that’s certainly proven true.
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INDUSTRY NEWS
March was the busiest month for new listings since May
Sellers have slowly started to return to the property market with new listings rising 10.5 per cent in March.
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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
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
Rental market reaccelerates from supply shortage
A chronic shortage of rental properties across Australia has reignited growth in weekly rents and further tightened already low vacancy rates.
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