Search Results for: melbourne
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INDUSTRY NEWS
Expensive property markets leading the downturn but end could be in sight
The country’s most expensive property markets have been bearing the brunt of higher interest rates, however, 2023 could mark a slowing in the rate of declines according to a new report. CoreLogic’s annual Best of the Best Report for 2022, found that Sydney has been hit hardest by rising borrowing costs along with other higher-priced housing markets. CoreLogic Head of…
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Queenslanders cop the biggest rent rise in nearly 20 years
Rents have risen sharply across the country over the past 12 months, with Queenslanders being hit with the biggest increase in nearly 20 years.
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FEATURE INTERVIEWS
Brock Rodwell: why real estate and superyachts go hand-in-hand
Elton John, David Beckham and Charles LeClerc are just a few of the big names Brock Rodwell has sold luxury yachts to over the years.
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INDUSTRY NEWS
Property market was a rollercoaster in 2022
From a once-in-a-generation property boom to a clear downturn, Australia’s property market has been a rollercoaster in 2022.
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INDUSTRY NEWS
Cash rate hits highest point in a decade
The cash rate is now at its highest level since 2012, with the Reserve Bank of Australia (RBA) using its last monetary policy meeting of 2022 to lift the cash rate 25 basis points.
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Adelaide and Brisbane to be the strongest performers in 2023
The smaller capital city markets of Adelaide and Brisbane are set to be the top-performing property markets of 2023 according to a new report.
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INDUSTRY NEWS
Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
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INDUSTRY NEWS
Busiest auction week since June
The combined capital cities have had the busiest auction week since mid-June, with 2506 homes going under the hammer.
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INDUSTRY NEWS
Vacancy rates hold steady in November
Vacancy rates across the country remain at record low levels, holding steady at 0.8 per cent according to Domain.
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INDUSTRY NEWS
Record low rental affordability puts low-income earners under severe rental stress
Surging rents and low vacancy rates are putting an increasing number of households under rental stress, with low-income earners the hardest hit according to a new report.
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National
Property values fall for seventh consecutive month
Property values have dropped more than $50,000 since their peak in April according to the latest CoreLogic Home Value Index.
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INDUSTRY NEWS
Home prices fell in November as rates pressure buyers
Interest rate pressure is contributing to the “downward trend” in home prices, with new data showing values declined again last month.
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INDUSTRY NEWS
Prime residential price growth to slow in 2023
Prime residential property prices in Sydney and Melbourne are expected to remain flat next year, after performing well in 2022, according to a new report.
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Real Estate News
A prosperous pathway in property: Joanne Patamisi joins Cirrus8
Property professionals have endured turbulent times. Now, more than ever, there is a growing need for an accessible and reliable property management and trust accounting solution.
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INDUSTRY NEWS
Unit growth falls into negative territory
Annual growth for units across the country has slipped into negative territory, with values down 1.4 per cent compared to this time last year, according to CoreLogic.
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Tenancy law reforms haven’t stopped investors
Tenancy law reforms in NSW and Victoria have only had a small impact on landlords’ decisions to purchase or sell rental properties according to new research.
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SUPPLIER NEWS
Properties selling faster than prior to the pandemic
Despite overall demand slowing down since the peak of the boom, properties across the country are still selling faster than they were before the pandemic, according to new data.
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FRANCHISE NEWS
Big wins for top performer in first year with Area Specialist
Sales agent Marcus Washington says his partnership with real estate network Area Specialist has unlocked his earnings potential and given him the freedom to enjoy an improved work-life balance.
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Rental growth to continue to underpin commercial property
Strong rental growth will help mitigate the impact of rising interest rates on commercial property according to a new report.
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Real Estate News
New real estate reality show rumoured to be in the works
With Luxe Listings Sydney becoming one of the big TV hits of the past few years, a new real estate-based reality show is rumoured to be in the works.
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Real Estate News
Auction volumes continue to rise in lead-up to Christmas
Auction volumes have risen further this week, and the trend is tipped to continue in the lead-up until Christmas.
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Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been able to keep pace with soaring values.
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Real Estate News
Leading ladies share their success journeys
A success coach and behavioural profiler that was once a personal bodyguard for the queen was just one of the inspiring speakers at Ray White’s Leading Ladies of Real Estate Canapes and Conversations events this month.
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Does selling off-market come at a cost?
Choosing to sell your property off-market could be costing you as much as $60,000 according to a new report.
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INDUSTRY NEWS
Cheapest suburbs to buy within 10km of the CBD
As office workers return to their pre-pandemic lives and head back to CBDs, there are still a number of affordable inner-city suburbs for homebuyers looking to move back to the city, according to a new report.
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Falling prices making access to liveable suburbs easier for buyers
Melbourne is now the most affordable city to purchase a house in suburb that is considered “livable” according to a new report.
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Real Estate News
Craig Caughlan joins The Agency on the Gold Coast
Craig Caughlan has joined The Agency as a property partner on the Gold Coast, as the national network looks to significantly boost its expansion in the region.
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Retail property transactions slow as consumers battle rising prices
Retail property sales have slowed, as economic uncertainty climbs according to the latest Herron Todd White (HTW) Month in Review.
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Prestige property market mixed across the country
The prestige property market has softened on the East Coast but continues to hold up well in the smaller capital cities according to the latest Herron Todd White (HTW) Month in Review.
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Nerida Conisbee: Australia the knockdown nation
In the 12 months to June 2022, there were more houses knocked down in Australia than ever recorded before.
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Real Estate News
Auction activity increasing as the countdown commences to Christmas
Auction activity increased this week and that trend looks set to continue, with CoreLogic tipping there will be a further rise in volume next week as the countdown commences until Christmas.
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Learning from London: Alice Geddes on apartments, auctioneering and how to keep your energy up
Barry Plant sales manager and auctioneer Alice Geddes didn’t start her career with visions of being a real estate agent. Instead, she planned to work in the fast-paced world of hospitality. So how did the Gold Coast native find herself working at one of the best known real estate chains in the UK, then go on to establish a successful…
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Real Estate News
Share of homes for sale below $600,000 hits record low
Two years of surging home prices across Australia has seen the portion of homes under $600,000 hit a record low level.
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INDUSTRY NEWS
Will an ‘Airbnb bust’ reach Australia?
Short-term rental hosts in the US are reporting significant losses amid fears of an “Airbnb bust” due to an over saturation of accommodation in the market.
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Where it’s cheaper to buy than rent
After the surge in property prices over the past few years, it’s now cheaper to buy than rent a house in only 13.8 per cent of suburbs, according to Domain.
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