Search Results for: melbourne
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INDUSTRY NEWS
Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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INDUSTRY NEWS
Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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INDUSTRY NEWS
Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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INDUSTRY NEWS
Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
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INDUSTRY NEWS
Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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INDUSTRY NEWS
If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
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INDUSTRY NEWS
Agents report strong buyer numbers
There might be a lot of talk about the property market downturn but Sydney and Melbourne agents have noted buyers are flocking to properties and this is translating to sales.
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FEATURE INTERVIEWS
5 questions with Fraser Lack, the Survivor ‘villain’ who wants to change the way Australians perceive real estate agents
Australian Survivor contestant and BigginScott Port Melbourne agent Fraser Lack may be playing a villain this season, but he's hoping to change perceptions of the industry with his appearance.
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INDUSTRY NEWS
Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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INDUSTRY NEWS
Tennis courts a hit with buyers as Australian Open reaches full swing
Buyers are increasingly searching for properties with a tennis court, according to new data from Domain, though suitably-equipped properties are in short supply.
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INDUSTRY NEWS
Residential land prices stabilise after 26 per cent surge
The cost of new residential land has stabilised following a strong two years of growth, with rising interest rates the key reason, according to the Housing Industry Association.
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INDUSTRY NEWS
One in two property markets declined in 2022: CoreLogic
Record high inflation, rising interest rates and weak consumer sentiment are leading to falling home prices, with new data showing that one in two markets declined in value in 2022
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INDUSTRY NEWS
Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20 years, according to PropTrack.
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INDUSTRY NEWS
Victorian property market not all one-way
Demand for regional Victorian property continued in 2022 with house prices rising eight per cent.
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INDUSTRY NEWS
Call for athlete villages to be turned into low-cost housing
Real estate bodies and community housing advocates have called on the Victorian Government to turn Commonwealth Games accommodation, built for athletes in rural areas, into much-needed social and low-cost rental homes once the games are over.
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Rental home cull as rents rise at their steepest annual rate on record
Australia’s rental crisis isn’t looking like it will ease anytime soon with more than 6000 affordable rentals to be scrapped under a national scheme this year, while the latest Domain Rent Report shows Australia recorded its steepest annual rental increase on record in 2022.
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INDUSTRY NEWS
Australia’s top 100 streets for property values revealed
A new report from Suburbtrends has uncovered the top 100 streets in Australia for high-value properties.
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INDUSTRY NEWS
Casey Estate Agents are preventing property manager burnout in 2023
Melbourne-based property management agency, Casey Estate Agents, are giving their team access to technology that will streamline their workload and help manage burnout, particularly over the school holiday.
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INDUSTRY NEWS
PropTrack, CoreLogic report slowdown in rental price growth
Rental prices finished 2022 at a significantly higher level than they were the year prior, but price growth began to moderate during the December quarter, according to a new report from PropTrack.
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INDUSTRY NEWS
The best locations for cash flow in 2023 revealed
Property investors chasing lower holding costs should set their sights on larger regional cities, according to a new report from Propertyology.
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INDUSTRY NEWS
New property listings plunge in December as homes stay on the market longer
The number of new listings hitting the market in December fell by 31.1 per cent when compared with Novembers figures, according to the latest update from SQM Research.
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Celebrity Homes
Red Hot Chili Peppers star ‘Flea’ selling Aussie home
Red Hot Chili Peppers bassist and songwriter Flea is selling his Australian beachside retreat, where the band wrote some of their best-selling music.
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INDUSTRY NEWS
Foreign buyers look to Australia after Canada ban
Canada’s decision to shut the door on foreign buyers could prove a bonus for the Australian property market, according to experts.
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Real Estate News
Australian property values record largest decline on record
Australian property values have clocked the largest decline on record, dipping by 8.4 per cent between their peak on May 7 2022 and January 7 2023, according to CoreLogic.
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INDUSTRY NEWS
Homebuyers ditch location for lifestyle
Once real estate was all about location, location, location, but now lifestyle, lifestyle, lifestyle is at the forefront of buyers' decision making, according to a leading property expert.
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INDUSTRY NEWS
New population report reveals what Australia’s cities will look like in 2033
Melbourne remains on track to overtake Sydney as the country's largest city within the next decade, according to new modelling.
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INDUSTRY NEWS
2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from rising interest rates during 2022, with some smaller capital cities still recording positive price growth despite a decline in national values not witnessed since the Global Financial Crisis.
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INDUSTRY NEWS
Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional locations in 2023, a leading property analyst has predicted.
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Real Estate News
The top 50 residential real estate influencers and innovators for 2022
There is rarely a dull day in real estate. From mergers and acquisitions, pivoting in a changing market and continued acceleration of PropTech, 2022 has been a year for the record books.
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COMMERCIAL
Demand for quality commercial assets to increase in 2023
Demand for value-add commercial assets and locations that will experience strong population growth will be a key focus for investors in 2023 according to an expert.
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FEATURE INTERVIEWS
Record-breaking results: how Marcus Chiminello set two state records in one week
It’s not every week you set two Victorian property price records within the space of just a couple of days.
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INDUSTRY NEWS
Distressed property sales could increase next year: HTW
The end of many borrowers' fixed-rate loan term in 2023 is expected to present a significant challenge for real estate values, according to a new report.
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SUPPLIER NEWS
Most searched for suburbs, property features in 2022 revealed
The skyrocketing cost of borrowing is shaping up to be one of the biggest influences on the property market, but rising rates haven't stopped buyer demand in certain suburbs, according to a new report.
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INDUSTRY NEWS
Victorian suburbs top the list for best buying opportunities in 2023
Victoria has topped the list for the most suburbs that offer great buying opportunities in 2023 according to a new report.
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INDUSTRY NEWS
Uptick in property listings during November, PropTrack says
New property listings rose during November, according to a new report, with regional areas witnessing the largest increase.
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