Search Results for: melbourne
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INDUSTRY NEWS
Spring auction season shows resilience
National auction results for Saturday, Nov 9, 2024
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Real Estate News
Spookiest Real Estate of Origin ever
Ray White's 16th call-a-thon hit a spooky new level this week with 11,550 appraisals booked across Australasia during the Halloween-themed appraisal drive, 100 per cent powered by NurtureCloud, the group's cutting-edge prop tech platform.
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INDUSTRY NEWS
More good news for tenants as vacancy rates rise
The rental market continues to show signs of easing with vacancy rates increasing from record lows, signalling a potential shift in the housing crisis.
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INDUSTRY NEWS
REA Group: Healthy market boosts listings and revenue
REA Group (ASX) has reported a strong start to the 2024 financial year, with revenue from core operations reaching $413 million, a 21% year-on-year increase. REA Group CEO Owen Wilson said this impressive performance reflects strong seller confidence and high listing volumes, providing buyers with more options and moderating house price growth. “Seller confidence continued to drive a strong listings…
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INDUSTRY NEWS
Brisbane surpasses major cities to rank second in Global Cost of Living Rankings
Shock as Aussie city named in global top 2 for best cost of living.
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INDUSTRY NEWS
RBA holds rates steady: what it means for the real estate market
It came as no surprise: The RBA has held the official cash rate at 4.35% marking the eighth consecutive time rates have remained unchanged.
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INDUSTRY NEWS
New home approvals reach highest level since 2022
Australian housing construction is showing strong signs of recovery, with detached house approvals hitting their highest monthly level in two years during September.
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INDUSTRY NEWS
Auction market reports mixed outcomes
As the spring selling season continues to unfold, Australia's auction market is demonstrating varied results.
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Thought Leaders Podcast
On Closer Inspection: Because someone has to say what everyone is thinking…
"Reunited and it feels so good..." 🎵 Elite Agent publisher Mark Edwards and editor Samantha McLean are back together behind the mic for a unique new segment of the Elevate podcast called "On Closer Inspection" - taking a deeper (and definitely much cheekier) look at the stories shaping the real estate industry today.
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Real Estate News
Maxine Piekarski: finding her natural habitat with real estate
Maxine Piekarski has seen the real estate industry transform from print newspapers and landlines to digital platforms and mobile phones over her 30-year career.
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TECH + SOCIAL
Agents seeing uplift in views and enquiries with Domain’s AI targeted socialmedia property listings
Agents taking advantage of Domain’s recently introduced Audience Boost feature are seeing a 23% uptick in listing views on average.
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INDUSTRY NEWS
Will the RBA cut rates?
Record numbers of Australian homeowners are struggling with mortgage stress, but does that mean the RBA will be cutting interest rates?
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Movers and Shakers
Evan Yousif and Con Pedis launch Harcourts Roxburgh Park
Two experienced agents team up with marketing expert to open new Harcourts office in Melbourne's north.
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INDUSTRY NEWS
Home prices hit a record high as Melbourne leads growth
Australian home prices have surged to new heights in October, marking the 22nd consecutive month of growth despite ongoing affordability challenges.
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FEATURE INTERVIEWS
What is the Great Aussie Dream now?
The “Great Australian Dream” has changed. Once dominated by the ambition to own a home, today’s ideal centres on leading a life free from financial pressure and a focus on well-being.
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INDUSTRY NEWS
Property market shows signs of cooling despite record prices
Property prices have reached new highs across multiple capital cities, however, experts suggest the market is shifting in favour of buyers.
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INDUSTRY NEWS
Rental market shows signs of easing despite continued challenges
The rental market is showing early signs of relief as price growth slows and supply increases, according to new research.
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INDUSTRY NEWS
High auction volumes test market as clearance rates decline
Weekend auction summary: 27th October 2024 This past weekend saw one of the busiest periods for auctions across Australia’s capital cities, with over 3,000 homes going under the hammer, according to CoreLogic. The preliminary auction clearance rate was 66.8%, slightly down from last week’s 67.4%, which later revised to 58.2%, marking the lowest clearance rate of the year so far.…
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INDUSTRY NEWS
Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious housing targets.
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Movers and Shakers
Sotheby’s International Realty expands its presence in Victoria
New Zealand Sotheby's International Realty and Melbourne Sotheby's International Realty have formed a joint venture to strengthen their foothold in Victoria's luxury real estate market.
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INDUSTRY NEWS
Find out why November is statistically the best time to sell
Homeowners selling in November achieve higher prices.
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FEATURE INTERVIEWS
From commission houses to Melbourne’s best-selling agent under 30
From growing up in a commission home to being named in the Herald Sun’s Best-Selling Agents Under 30 list, Ozan Kanbur has come full circle.
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INDUSTRY NEWS
Blue chip property surges higher
Blue chip property across the country is experiencing a significant upswing, with several suburbs hitting record-high prices in 2024.
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INDUSTRY NEWS
Victorian government to release record amount of land for housing
The Victorian government is preparing to announce the largest release of land for housing in the state's history, targeting Melbourne's outer suburbs to combat the ongoing housing crisis.
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INDUSTRY NEWS
Glamour meets drama in Melbourne’s high-stakes luxury real estate show Listing Melbourne
Going beyond high-end homes, the show showcase the fierce rivalries, ethical dilemmas, and personal dramas these agents navigate.
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INDUSTRY NEWS
Stamp duty slashed for off-the-plan property purchases in Victoria
The Victorian government has announced a significant reduction in stamp duty for off-the-plan apartments, units and townhouses in a bid to stimulate the housing market and address the state's housing crisis.
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INDUSTRY NEWS
Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
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Movers and Shakers
Barry Plant’s Pinnacle Club Drive Day revs up
Get in the passenger seat with the Barry Plant’s Pinnacle Club Drive Day
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Elite Agent
September vacancy rates drop again: tight conditions ahead for property managers
Renters should prepare for increased competition and rising rental prices as PropTrack’s latest report reveals a third consecutive month of falling vacancy rates across Australia in September 2024, with conditions tightening in both capital cities and regional areas. Nationally, the rental vacancy rate dropped to 1.34%, with Sydney, Hobart, and Canberra seeing some of the most significant declines. Listen to…
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INDUSTRY NEWS
New home sales stabilise
The latest data from the Housing Industry Association (HIA) indicates that the Australian new home market is showing signs of stabilisation, with home sales unchanged in September compared to August. According to HIA Economist Maurice Tapang, “market confidence in new home building is returning,” which is an important indicator for agents working in the residential property sector. The HIA’s New…
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Elite Agent
The costly mistakes holding agents back
Discover how to overcome real estate agent inefficiencies with structured systems and technology. Boost productivity, streamline tasks, and grow your business. Learn more!
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INDUSTRY NEWS
Opposition vows to scrap Victoria’s controversial ‘Airbnb tax’
The Victorian Opposition has pledged to repeal the state's contentious Short Stay Levy Bill if elected in 2026, citing concerns over increased holiday costs and economic impacts.
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INDUSTRY NEWS
Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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Real Estate News
Taskforce Australia announced as Telstra Best of Business Awards Victorian State Winner
Taskforce Australia is delighted to announce that it has been named the Victorian State Winner for Outstanding Growth in the 2024 Telstra Best of Business Awards.
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QLD Real Estate News
Brisbane’s property boom continues despite national slowdown
Brisbane’s property market remains a standout performer in 2024, even as growth across other Australian cities moderates.
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