Search Results for: melbourne
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INDUSTRY NEWS
RBA hits pause on interest rates for now
After 10 straight rises the Reserve Bank of Australia has today elected to keep interest rates on hold, pausing the cash rate at 3.6 per cent.
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INDUSTRY NEWS
New shared equity fund to help hundreds of buyers
An innovative real estate industry leader is looking to help as many as 200 homebuyers get their foot on the property ladder over the next 12 months through a new shared equity fund for residential property.
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INDUSTRY NEWS
Smaller capital cities are the standout performers in a ‘segmented’ market
The smaller capital city property markets of Adelaide, Perth and Darwin have been the standout performers from across the country, while Melbourne continues to struggle, according to a new report.
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FEATURE INTERVIEWS
Nicola Parreira: risking everything on a dream
When Nicola Parreia was given the opportunity to have her own office, she put almost every red cent her family had into the venture.
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COMMERCIAL
Flight to quality for East Coast CBD office space
Businesses are demanding A-grade CBD office space in Melbourne and Sydney as employers try to entice workers back to the physical office.
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INDUSTRY NEWS
Housing shortfall tipped to worsen rental crisis
Australia’s housing crisis is set to worsen, with the nation expected to experience a shortfall of 106,000 homes over the next five years.
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INDUSTRY NEWS
Experts weigh in on interest rate debate
More than one-third of experts in Finder’s RBA Cash Rate Survey believe the central bank will put the cash rate on hold at its meeting today.
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INDUSTRY NEWS
Low stock levels fuelling national property price rises
Positive demand drivers, including low stock levels, are keeping a floor under property prices with national values rising for the third consecutive month in March.
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INDUSTRY NEWS
One-in-five new buyers want an inner city home but can’t afford it
New home buyers in Victoria want to be living in established areas, but a lack of suitable options is making that impossible according to a new report.
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INDUSTRY NEWS
Look to the regions for affordable property
Home loan affordability may be declining but the great Australian dream of owning your own home is still alive, if buyers are prepared to look outside capital city and metropolitan areas.
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FEATURE INTERVIEWS
The deal: Marty Fox on work ethic, success and building a brand
Marty Fox’s advice on how to succeed in real estate is as poignant as it is simple - “do the frigging work”.
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INDUSTRY NEWS
Loss-making resales jump across Sydney and Melbourne
The share of loss-making home sales across the country has jumped, led by both Sydney and Melbourne, which saw homeowners selling at a loss at the highest rate in four years.
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Thought Leaders Podcast
The Deal: Marty Fox on building a brand on social media, selling luxury property and how to launch your career
Marty Fox does things differently.
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INDUSTRY NEWS
New listings suffer as sellers err on the side of caution
The seasonal uptick in property listings that usually occurs in the first half of March has been noticeably absent this year, with sellers having “erred on the side of caution” amidst declining property prices.
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INDUSTRY NEWS
Herron Todd White: too soon to call a bottom in the property market
High interest rates and the prospect of more pain ahead for borrowers as fixed-rate loans roll off, suggests it might be “too soon” to call the bottom of residential property prices, according to the latest Herron Todd White (HTW) Month in Review.
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FRANCHISE NEWS
Dynamic duo launch L&M Property Co with Agents’Agency
After working together for five years, established Victorian agents Leman Djamal and Michael Abbas have taken the next step in their real estate careers, launching L&M Property Co in partnership with the Agents’Agency.
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INDUSTRY NEWS
Sydney renters paying $633 a week more than a year ago
Rents in Australia's unit market have surged, with the national trend recording its highest annual growth on record at 13.7 per cent.
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INDUSTRY NEWS
Time to save a deposit drops for first-home buyers
The time taken to save a deposit to purchase an entry-level first home has dropped by as much as 13 months according to new figures from Domain.
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INDUSTRY NEWS
Listing Loop now offers conveyancing to further deliver qualified buyers to agents
Top Australian off-market and pre-market property portal ListingLoop.com.au has partnered with leading licensed law firm Bond Conveyancing to offer conveyancing as part of the company’s goal of delivering 'Buyer Ready' high-intent and qualified property buyers to its real estate agent members.
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INDUSTRY NEWS
Auctions rebound in second busiest week of year
As predicted, auctions rebounded last week, with 2234 properties going under the hammer - the second largest number this year.
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Elite Agent
How honesty in advertising is paying off for one Melbourne real estate agency
Forget “This house has good bones”, the signboard out the front of a MATTHEWS. listing is much more likely to say “Makeover or bulldozer? This one’s a real 50-50”.
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Real Estate News
Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little relief in sight for renters according to fresh data.
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INDUSTRY NEWS
Real estate agency ordered to pay after advertising mislead buyer on air-conditioning
A Melbourne real estate agency has discovered the hard way that it pays to get your listing copy right after being ordered to pay more than $6000 to a vendor who bought a home on the assumption it had refrigerated cooling.
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INDUSTRY NEWS
Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid pandemic, despite recent property value falls.
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INDUSTRY NEWS
PropTech is not something for agents to fear
Technology is continuing to change the way real estate agents operate, but the huge increase in new PropTech should be seen as an opportunity and not something to fear, according to an expert.
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EPM: Industry News
City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before the pandemic, according to the latest PropTrack figures.
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INDUSTRY NEWS
Investors seek hotels after near record year of transactions
The $575 million sale of Australia’s first Waldorf Astoria Hotel is evidence investors are continuing to turn to hotel assets following a bumper year of transactions in 2022.
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INDUSTRY NEWS
Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from Chinese buyers suggests the downturn will be short lived.
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INDUSTRY NEWS
February listings rebound as Autumn selling season approaches
New property listings increased by nearly 25 per cent over the month of February, though they remain below 2022's strong levels.
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INDUSTRY NEWS
House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report from Domain.
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Elite Agent
Ready for take-off: how Zali Reynold’s marketed a property with a plane on the roof
Some agents might be hesitant to know how to market a family home with a crashed plane sitting on the roof of its detached studio, but not Zali Reynolds. The Shelter Real Estate leader knew exactly what to do when she listed the quirky, five-bedroom, three-bathroom home in the Melbourne suburb of Ashburton. “We got ourselves organised pretty far in…
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Real Estate News
RBA announces tenth consecutive rate rise at its March meeting
The Reserve Bank of Australia has increased the cash rate by 25 basis points at its March meeting, taking it to 3.6 per cent.
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INDUSTRY NEWS
Mortgage affordability declines, rent crisis eases slightly: REIA
Mortgage holders are facing an increased financial strain for mortgage holders but renters have been given a slight reprieve, according to the Real Estate Institute of Australia's latest affordability report.
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INDUSTRY NEWS
Share of sub-$400 per week properties falls sharply
The number of rental listings asking for $400 per week or less on realestate.com.au has nearly halved in the past year, new data shows.
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INDUSTRY NEWS
Improving auction clearance rates: what do they tell us about the rest of the market?
Australia's auction clearance rate edged past 70.3 per cent last week, following a strong month of auction activity in February, but it's too soon to interpret the improvement as a sign that the downswing is over, experts say.
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