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NEWS
Step into the future at Australia’s most tech-enhanced apartment development
Australia’s most tech-enhanced apartment complex will be built in Melbourne, with features including an air purification system and a smart oven that listens to your commands and answers your cooking questions.
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NEWS
Sophie Lyon takes on a new role at Real+
Leadership and property management expert Sophie Lyon has joined national training and consulting platform Real+, with a goal of helping leaders take the next step in their career.
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INDUSTRY NEWS
Arresting development: Fremantle Police Headquarters ‘cells’ for $5 million
The heritage-listed Fremantle police station in Western Australia has been sold to a private buyer after the sales team was able to successfully market the property to local investors.
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INDUSTRY NEWS
Capital cities to outpace regional areas with price growth
The big capital cities are shaping up as the best buying opportunities in the next 12 months led by Brisbane, Adelaide and Sydney.
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INDUSTRY NEWS
Domain: The rental crisis could reach a turning point in 2024
Embattled renters could be in for some relief ahead with an expert predicting that the rental crisis could be reaching a turning point.
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NEWS
REIA launches action plan to tackle housing crisis and boost property management
The Real Estate Institute of Australia (REIA) has launched a Property Management Action Plan designed to simultaneously tackle the housing crisis and bolster property management as a profession.
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NEWS
Build-to-rent lift-off won’t solve the housing crisis
Build-to-rent continues to gather momentum in Australia, but it is unlikely to be the housing crisis saviour, according to the Real Estate Institute of Australia (REIA).
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NEWS
Transforming the lives of refugees with homes in Australia
Property manager Sharon Burke doesn’t just help tenants find homes, she helps refugees start new lives in Australia.
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NEWS
The roaring regions: affordable havens for first-home buyers
Australia is now officially a “million-dollar country”, with a median capital city house price of $1.005 million, but there are still some council areas where first-home buyers have a shot at owning their own home.
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NEWS
Property prices hit a new record in March
National property prices have hit a new record, rising .34 per cent in March to sit at a median $768,000.
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INDUSTRY NEWS
Inflation remains steady, but rate cut hopes remain
The Consumer Price Index (CPI) remained unchanged at 3.4 per cent in the 12 months to February, however, experts believe rate cuts are still coming.
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NEWS
A property manager’s rapid response brings tenant comfort after robbery
When a call came through to property manager Kat Byrne’s after hours number she was anticipating a potential maintenance issue but not a distraught tenant who’d just been burgled on the other end of the line.
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NEWS
McGrath to sell to Knight Frank and Bayleys
John McGrath has struck a deal to sell McGrath Limited to Knight Frank and Bayleys, in a move that would also see the company delisted from the ASX.
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NEWS
REIQ: Queensland rental reforms are “unworkable”
The Real Estate Institute of Queensland (REIQ) has warned new rental reforms currently before parliament are extreme, unnecessary and unworkable.
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NEWS
Australia one of the world’s happiest countries
Australia has been named the 10th happiest country in the world, according to the World Happiness Report 2024.
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NEWS
Interest rates on hold as RBA says economic outlook remains ‘uncertain’
The Reserve Bank of Australia has opted to keep interest rates on hold at 4.35 per cent at its March meeting, highlighting that the economic outlook remains uncertain, despite a recent drop in inflation.
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NEWS
First National Real Estate appoints David Edwards as CEO
First National Real Estate has appointed former Forty Winks Chief Executive Officer, David Edwards as its new CEO as it looks to further grow its member-oriented network.
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NEWS
Interest rates to stay on hold despite drop in inflation
Despite lower than expected inflation, economists don’t expect the Reserve Bank of Australia to cut interest rate before September.
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NEWS
Distressed listings fall in all capital cities
The number of distressed listings has fallen substantially over the past year, as mortgage holders weather the interest rate storm and look forward to potential cuts later this year.
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NEWS
One-in-four eastern state homes paid for with cash
More than $120 billion worth of property was purchased in Australia’s eastern states with cash in 2023.
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NEWS
Andre Agassi inspires Ready24 attendees to redefine success
More than 1000 real estate professionals packed Royal Randwick today for Ready24, eager to level up and further their careers by downloading knowledge from some of the best speakers from here and overseas.
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NEWS
Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of about $111,000 able to afford to rent the smallest share of properties since 2008.
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NEWS
More Australian women own property than men but struggle with early entry
More Australian women own property than their male counterparts but are more likely to do so later in life, while affordability and investment are significant hurdles.
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NEWS
Vibrant auction market bodes well for Autumn selling season
Buyer confidence appears to have returned just in time for the Autumn selling season, with auction volumes and clearance rates on the rise.
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NEWS
National vacancy rate hits a new record low
The national vacancy rate has plummeted to a new record low of 0.7 per cent, although there does appear to be less competition among tenants, according to the latest figures from Domain.
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NEWS
Nigel O’Neil takes the reins at Woodards
Nigel O’Neil has been named as the new Chief Executive Officer at Woodards, with network growth and developing the next generation of agents firmly in his sights.
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NEWS
Stable inflation sparks optimism for the RBA’s next move
Industry experts are quietly confident the Reserve Bank of Australia will leave interest rates on hold when it next meets, with inflation holding steady.
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NEWS
The best low competition, high opportunity areas for real estate agents in Sydney
Ambitious real estate agents looking to make a name for themselves and get runs on the board should consider working in the Strathfield, Parramatta and Hills Shire areas, according to a new study.
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NEWS
What the Right to Disconnect legislation means for you
Clear education and communication will be the key to the real estate industry navigating the new Right to Disconnect legislation, according to the sector’s leading workplace advisory service.
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NEWS
Australian property professionals drag their feet on AI
More than one-third of property professionals believe Artificial Intelligence (AI) will have a “revolutionary impact” on the sector, but few have truly started to implement it.
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NEWS
House and unit price gap hits record $300k in capital cities
The gap between capital city house and unit prices has never been wider, with detached homes now costing almost $300,000 more.
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INDUSTRY NEWS
New listings surge in Sydney and Melbourne
A surge of sellers have listed their homes, with Sydney and Melbourne reporting the biggest jump in new listings in more than a decade.
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NEWS
Market turnaround leads to profit for Domain
Domain has witnessed a “pleasing turnaround” in the property market and its financial performance, with profits rising 48.7 per cent.
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NEWS
Consumer confidence boosts property market auction success
Consumer confidence is returning to the property market, resulting in higher than normal auction clearance rates.
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National
Healthier market leads REA Group to excellent half-year financial results
REA Group Chief Executive Officer Owen Wilson has predicted “healthy market conditions” for the remainder of 2024 on the back of securing outstanding half-year financial results.
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