National
Real estate news from across Australia – market shifts, regulatory changes, and industry developments that affect property professionals nationwide.
Capital city auction volumes fall 4 per cent
Capital city auction volumes fell 4 per cent this week, with 1742 homes going under the hammer to return a preliminary clearance rate of 61.4 per cent.
Rents hit record highs again as units outpace houses
Rents have hit record highs across the country again, with unit rents rising much faster than houses.
New Propic AI seeks to generate more leads and save agents time
PropTech innovator, Propic has reinvented its Artificial Intelligence technology, with a trio of revamped products aimed at meeting…
New listings 15 per cent below the long-term average
Despite rising interest rates and falling prices, homeowners are not rushing to sell.
Slower start to spring for new listings but what’s to blame?
The extra public holidays in late September have contributed to a slow start to spring for sellers, with…
Housing market passes ‘peak fear’ phase
Australian property markets have passed their “peak fear” phase and are expected to bottom out in the new…
Consumers start to cut spending as rates rise
Rising interest rates and high inflation, are starting to hit the hip pockets of consumers with new data…
No end in sight for rising construction costs
There’s still no relief in sight for builders with construction costs continuing to rise at a record rate.
House price falls to continue into 2023: NAB
There’s likely more property price declines ahead with values to continue decreasing in 2023, according to the National…
Different to offer property management as-a-service
Australian proptech :Different, has announced the launch of an all-in-one property management solution, :Different for Agencies.
Rental stock levels well below five-year average
Rental stock levels are more than 35 per cent below the five-year average and growth in annual rents…
Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take…
Preliminary clearance hits its highest peak since late May
The preliminary clearance rate has reached its highest point since May after auction volumes increased this week.
Sydney vacancy rates hit the lowest on record
Sydney's vacancy rate has dropped to a record low of 1.1 per cent, with the number of available…
Prevent burnout with new property management tools
Property managers are calling time on the real estate industry, struggling to cope with busy workloads and poor…
How to choose the right exit strategy for your business
Sales, retirements, and unforeseen events can lead to you or a partner exiting your real estate agency, but…
Lending to build new homes slows down
Rising interest rates continue to weigh on housing finance, with new data from the Australian Bureau of Statistics…
Rents rise at fastest quarterly pace on record
Rents have risen at the fastest quarterly pace on record, soaring 4.3 per cent nationally in the three…
Major banks to pass on full RBA rate hikes
Australia’s big four banks have been quick to pass on the Reserve Bank of Australia’s 25 basis point…
Falling property prices contribute to drop in household wealth
Household wealth has fallen for the first time in more than two years, with $484 billion being wiped…
RBA takes more moderate approach with 0.25 per cent cash rate increase
After a series of bullish interest rate hikes in recent months, the Reserve Bank of Australia has tempered…
Loss-making resales have started to rise as property downturn continues
The Australian property market has peaked and turned downwards, with the number of loss-making transactions starting to rise.
Regional property values set to benefit from the renewable energy boom
Australia’s focus on renewable energy will see a number of regional property markets across the east coast benefit…
Auction volumes down but clearance rate holding steady
Consecutive long weekends have continued to impact auction volumes, with 1613 properties taken to auction across the combined…
Property price falls moderate as spring activity increases
Property prices across the country were widespread in September, but the pace of falls moderated significantly, with the…
Rising costs to see students look to student accommodation
Higher rents and rising living costs could see students turn back to specialist student accommodation according to an…
Queensland real estate icon Andrew Bell joins REIA board
Ray White Surfers Paradise owner and widely respected agent Andrew Bell OAM has been appointed to the Real…
CampaignAgent reacts to huge industry uplift in demand for more VPAPay
Agencies have reported a significant uplift in Pay Later applications as the property market turns from a seller’s…
Demand increasing for energy efficient homes
Demand for energy efficient homes is on the rise as cost of living pressures are forcing Australians to…
Australia’s most ‘royal’ suburbs revealed
The town of Warragul in eastern Victoria is officially Australia’s “most royal” location, boasting more royal street names…
858,000 households have an adult child living at home
The cost of living is surging across Australia and the higher expenses are forcing more people to move…
Adelaide and Brisbane among the world’s best performed property markets
Adelaide and Brisbane have bucked the national trend and recorded strong house price growth as worldwide prices continue…
How Pay On Success VPA solves vendor reluctance in today’s market
The property market is changing. Your approach to vendor paid marketing needs to as well.