Search Results for: melbourne
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INDUSTRY NEWS
How property aids Australia’s pandemic recovery
Regional property prices grew at a higher rate than Australia’s combined capital cities in 2021, helping underpin the country’s economic recovery from the pandemic, new analysis reveals.
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INDUSTRY NEWS
A record-breaking year and trends to watch in 2022
Australia has smashed property records in 2021, racking up the highest number of sales and fastest rate of annual house price growth on record, according to new research. Domain’s End of Year Wrap shows that 446,800 houses and 144,500 units sold this year, with the combined capital city house price quickly closing in on the magic $1 million mark. It’s…
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Real Estate News
Listings soar as sellers get moving before Christmas
Property listings are skyrocketing in the lead up to Christmas, with November numbers surging to multi-year highs. REA Group’s PropTrack Listings Report for December showed sellers scrambling to make up for lost time, despite November typically being a little seasonally slower than October. PropTrack Economist and report author, Angus Moore, said property market activity continued to soar in November as…
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INDUSTRY NEWS
Vacancy rates hit multi-year low in ‘landlord’s market’
It’s a landlord’s market, according to Domain’s latest Vacancy Rate Report, which showed the national rental vacancy rate at a multi-year low for the second consecutive month. November recorded national vacancy rates of 1.5 per cent, and showed rental prices were expected to increase with the opening of international borders bringing in a wave of new renters, according to the…
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FRANCHISE NEWS
Fortis appoints The Agency as lead agent on Pillar+Tide
Fortis has appointed The Agency as lead agent for Pillar+Tide, a boutique luxury development in Brighton, with project sales led by Michael Paproth. The appointment marks the first project between The Agency and Fortis in Brighton.
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INDUSTRY NEWS
The most rundown homes to sell for millions in 2021
You know the property market is hot when uninhabitable homes are selling for multi-million-dollar price tags. Peeling paint, mouldy walls and water damaged ceilings have been just some of the features found in rundown homes that have sent buyers into a frenzy across the country this year. Popular with developers as well as renovators, buyers have snapped up dilapidated homes…
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INDUSTRY NEWS
How Australia’s borders reopening will impact renters
Australian renters can expect to be hit with dramatic price rises as the nation’s borders reopen, according to experts. In this month’s Finder RBA Cash Rate Survey, 37 experts and economists weighed in on future cash rate moves and other issues relating to the economy, with 73 per cent predicting rental prices will rise sharply as Australia opens its international…
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Real Estate News
Clearance rate slips below 70 per cent as volume continues to surge
Auction volumes couldn’t quite equal the record highs of last week, but still this week proved the second busiest auction week ever, with 4136 properties going under the hammer across the major capitals.
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Real Estate News
No summer slowdown for auctions
As the property market gears up for another Super Saturday of auctions, data indicates November proved the busiest auction month on record
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Insights
The capital city predicted to record the strongest growth in 2022
Capital city property prices will continue to rise in 2022, peaking in the first half, then slowing sharply from the middle of the year, new data suggests.
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Elite Agent
How we sold it: 38A The Terrace, Ocean Grove
Building relationships is real estate 101, but it’s not just connections with buyers and sellers that can help you sell properties. RT Edgar Bellarine Director Brock Grainger says forging strong partnerships with local media organisations has helped him tell the story behind his properties and this works to complement his digital and print marketing campaigns. The result is more eyes…
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INDUSTRY NEWS
How COVID-19 changed the way Victorians work, live, and play
Times have well and truly changed, and as a result, so have the wants and needs of Australians – including how and where they want to live. The pandemic has changed our collective priorities, and that’s reflected in PwC’s latest CityPulse 2021, which examines the liveability of Victorian suburbs. PwC Australia Melbourne Managing Partner Peter Konidaris said CityPulse 2021 unearthed…
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Real Estate News
Key number indicates a busy 2022 for real estate
The real estate industry could be in for a busy New Year, with Domain reporting increased appraisal volumes across the country as sellers ponder the prospect of taking their property to market in 2022.
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INDUSTRY NEWS
26 Victorian suburbs join the Million Dollar Club
Melbourne property prices are booming and million-dollar homes are quickly becoming the new norm.
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Insights
Selling off market: new research shows whether it’s worth it
Vendors who choose to roll the dice with their properties by selling off-market are losing out, according to new data. A new report from PropTrack comparing sale prices for houses sold off-market with those listed on realestate.com.au, found on average they sell for 2.6 per cent less. Paul Ryan, PropTrack Economist and report author said consumers chose to sell properties…
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INDUSTRY NEWS
The prime real estate position Australians are willing to pay top dollar for
One in three super prime residential sales in Australia over the last year have been absolute waterfronts, with buyers paying greater premiums than ever before.
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Real Estate News
Why you need a whole lot more in the bank to buy a luxury property in Australia
Forget the million dollar price tag for a prestige property, $4 million is the new $1 million, according to Ray White’s Nerida Conisbee. In a recent look into the luxury property market, Ms Conisbee noted the sector was among the beneficiaries of the pandemic. And, like other areas, it was being driven by low interest rates, high savings, more time…
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INDUSTRY NEWS
Vic auction listings break through 2000 for the first time
A record 2040 residential property auctions were expected to be staged in Victoria in the week ending 28 November, according to the Real Estate Institute of Victoria (REIV).
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Real Estate News
The busiest auction week on record
This week proved the busiest auction week on record with 4261 properties going under the hammer across the combined capitals.
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Thought Leaders Podcast
Mastering the basics: Anthony Webb on leadership, 50 years of family business, and what it takes to go the distance
If you’d told Anthony Webb at 16 he would one day lead the family real estate business, he would have scoffed at the idea.
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LEADERSHIP
Geoff Lucas: The office isn’t dead, it has just been reimagined
There’s no doubt that the COVID-19 pandemic has brought with it great hardship and many hurdles, but it has also delivered some unexpected gifts.
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INDUSTRY NEWS
Auction numbers jump 10 per cent each week since September
For the first time in CoreLogic history, the number of auctions scheduled across Australian capital cities has exceeded 4000. After delays from the extended lockdowns in Sydney, Melbourne and Canberra, the spring selling season is going full steam ahead with 4354 capital city homes set to go under the hammer this week. According to this week’s CoreLogic Property Pulse,…
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INDUSTRY NEWS
Australia’s best place to invest revealed
The Queensland suburb of Woolloongabba has been named the best place to invest in Australia, based on new research by ME. The inner eastern suburb ranked number one in the top 20 list of places to invest for residential property investors looking to forge new financial goals following the COVID-19 pandemic. The Queensland suburb of Burleigh Heads came in second,…
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INDUSTRY NEWS
Weekly listing results suggest hot summer market
Listing numbers continue to rise across Sydney, Melbourne and Brisbane, generating optimism that the positive spring market results will continue through summer. This week sees the highest weekly number of properties listed for sale in 2021, with a three per cent increase in newly listed properties for sale, according to Domain’s weekly property report. Many of those listings were located in…
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INDUSTRY NEWS
House prices grow at third fastest rate in Australia’s history
PropTrack analysis of house price growth in Australia from 1880 to now has found that house prices are growing at the third fastest rate in Australia’s history on the back of strong property market conditions.
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INDUSTRY NEWS
The Australian city second in the world for prime price growth
Sydney’s prime prices are expected to rise by 9 per cent next year, according to new data, making it the second highest city for prime price growth in 2022.
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INDUSTRY NEWS
Why airspace could be the big real estate trend of the decade
Where would Australia’s major capitals house an influx of new residents? According to strata property development specialist Warren Livesey, the answer could be airspace.
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INDUSTRY NEWS
ANZ forecasts house price fall in 2023
House prices look likely to peak in December at their strongest growth rate since the 1980s, before dramatically slowing down in 2022 and falling in 2023, a new forecast shows. The ANZ Australia’s Housing Rolling Over report shows price growth is set to peak at just above 21 per cent in December 2021 before starting to wind back. “This would…
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Real Estate News
PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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Real Estate News
Open borders to spark Melbourne suburban boom
Demand for homes in Melbourne’s inner suburban rim is set to skyrocket when international borders open, according to property expert, Mark Dawson. The Urbis Director, who featured in the Dye & Durham Future Property & Development Insights Virtual Roadshow Series, said while a sea or tree change had been the focus of many buyers in the past 12 months, a…
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Elite Agent
What 50 years in real estate has taught Vic Care
If there’s one thing Vic Care knows after 50 years in real estate, it’s how to build a successful career, and it’s deceptively simple. “Shoot for the stars – love what you do,” the Barry Plant co-founder says. “Have a vision, set your goals high and be the best that you can possibly be. “Never compromise standards and provide a…
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Real Estate News
Fifth busiest auction week on record
The combined capital cities have enjoyed their busiest auction week since late March and the fifth busiest since CoreLogic records commenced in 2008, with 3725 properties going under the hammer.
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Real Estate News
Home building boom to continue in 2022
Australia’s home building boom is set to continue throughout 2022 despite the cost of labour and materials rising and pushing the cost of a new home higher.
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INDUSTRY NEWS
Increasing property prices see stamp duty skyrocket
Property prices have soared throughout the pandemic, as more Australians seek to achieve work/life balance, relocating to lifestyle locations in droves.
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Real Estate News
Online auctions here to stay, as volumes surge this weekend
Australian capital cities are set to have their busiest auction week since late March, and their fourth busiest week since CoreLogic records commenced in 2008. This week 3810 homes are expected to go under the hammer – double the volumes recorded this time last year. Continuing the upward trend seen since early October, Sydney is set to host 1439 auctions…
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