National
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Buying a rent roll can supercharge your business – but only if it’s done right
While purchasing a rent roll can be an effective strategy for increasing cash flow and encouraging business growth, doing so comes with risks if you don’t do it properly, warns O*NO Legal founder Kristen Porter.
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New listings suffer as sellers err on the side of caution
The seasonal uptick in property listings that usually occurs in the first half of March has been noticeably absent this year, with sellers having “erred on the side of caution” amidst declining property prices.
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Australia’s rental system is ‘broken’ study reveals
Australia’s residential rental system is “broken” and fails to provide affordable, secure housing for tenants or a solid investment option for landlords.
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Herron Todd White: too soon to call a bottom in the property market
High interest rates and the prospect of more pain ahead for borrowers as fixed-rate loans roll off, suggests it might be “too soon” to call the bottom of residential property prices, according to the latest Herron Todd White (HTW) Month in Review.
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Little Real Estate partners with Rental Heroes to deploy AI technology
Australia’s largest independently owned real estate agency Little Real Estate has joined forces with Rental Heroes to implement AI technology called “Alex” across their network of 12 offices.
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Sydney renters paying $633 a week more than a year ago
Rents in Australia's unit market have surged, with the national trend recording its highest annual growth on record at 13.7 per cent.
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Time to save a deposit drops for first-home buyers
The time taken to save a deposit to purchase an entry-level first home has dropped by as much as 13 months according to new figures from Domain.
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Listing Loop now offers conveyancing to further deliver qualified buyers to agents
Top Australian off-market and pre-market property portal ListingLoop.com.au has partnered with leading licensed law firm Bond Conveyancing to offer conveyancing as part of the company’s goal of delivering 'Buyer Ready' high-intent and qualified property buyers to its real estate agent members.
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High interest rates weigh on new homes sales
The record rise in interest rates is continuing to weigh on new home sales, while a better than expected jobs report could mean rate cuts might not be on the way.
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Australian RE/MAX agents top commission earned globally
Australia had the highest level of average commission per agent in 2022 throughout the 140,000-plus agents in the global RE/MAX network, and the second highest number of sales transactions globally in 2022.
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AREAs finalists credit leadership and innovation for success
Putting property managers first, pushing the boundaries of innovation and the banding together of a leadership team are among the features finalists in the AREAs have credited for their success. South Australia’s Ouwens Casserly Real Estate, along with TOOP+TOOP Real Estate and Victoria’s LongView have all been named finalists in the Annual REA Excellence Awards Residential Agency of the Year.…
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Auctions rebound in second busiest week of year
As predicted, auctions rebounded last week, with 2234 properties going under the hammer - the second largest number this year.
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Coronis Group appoints new CEO with a vision for growth
Karuna Mazzocchi has been appointed as the new chief executive officer for Coronis Group, bringing with her a keen desire to pivot and grow the business and its people.
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Introducing the AREAs finalists for 2022
REA Group has today announced the 2022 Annual REA Excellence Awards (AREAs) finalists, with winners set to be announced at a national event on Thursday 27 April.
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Australia has taken a ‘light touch’ with Airbnb. Could stronger regulations ease the housing crisis?
The current housing crisis has renewed debates about how to regulate short-term rental platforms such as Airbnb.
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Richardson & Wrench appoint new Head of Network Growth
Jacki Williams, the newly appointed Head of Network Growth for Richardson & Wrench, grew up literally dining out on real estate. Her family has been in the business for most of her life, so property has been a common topic of conversation around the dinner table. “I learnt early on to love the thrill of negotiation; the back and forwards…
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Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little relief in sight for renters according to fresh data.
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Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid pandemic, despite recent property value falls.
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Auctions dip with public holiday, but tipped to rebound next week
Auction volumes and clearance rates took a bit of a dip over the weekend with a public holiday on Monday in four of the eight states and territories to blame, according to experts.
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City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before the pandemic, according to the latest PropTrack figures.
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Investors seek hotels after near record year of transactions
The $575 million sale of Australia’s first Waldorf Astoria Hotel is evidence investors are continuing to turn to hotel assets following a bumper year of transactions in 2022.
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Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from Chinese buyers suggests the downturn will be short lived.
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February listings rebound as Autumn selling season approaches
New property listings increased by nearly 25 per cent over the month of February, though they remain below 2022's strong levels.
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House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report from Domain.
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The three things it takes to sell property in 2023
While mainstream headlines may indicate the current property market is somewhat turbulent, Market Buy CEO John Hellaby says the deals that are getting done, are getting done by agents who are getting the recipe right.
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RBA Governor indicates a rates pause could be on the way
Reserve Bank of Australia Governor, Philip Lowe, has given his strongest indication yet that a rate rise pause is on the cards.
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Agent warns of the risk of overpricing rental properties
Brisbane-based real estate agency Place Sunnybank has drawn attention to the risk of landlords overpricing their properties in a post that's gone viral online.
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RBA announces tenth consecutive rate rise at its March meeting
The Reserve Bank of Australia has increased the cash rate by 25 basis points at its March meeting, taking it to 3.6 per cent.
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Mortgage affordability declines, rent crisis eases slightly: REIA
Mortgage holders are facing an increased financial strain for mortgage holders but renters have been given a slight reprieve, according to the Real Estate Institute of Australia's latest affordability report.
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Share of sub-$400 per week properties falls sharply
The number of rental listings asking for $400 per week or less on realestate.com.au has nearly halved in the past year, new data shows.
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Improving auction clearance rates: what do they tell us about the rest of the market?
Australia's auction clearance rate edged past 70.3 per cent last week, following a strong month of auction activity in February, but it's too soon to interpret the improvement as a sign that the downswing is over, experts say.
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Inspect Real Estate joins forces with Reapit ANZ
Reapit ANZ, backed by US private equity firm Accel-KKR, has added local real estate software company InspectRealEstate to its portfolio.
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Rate cuts could begin from 2024, Westpac says
The Reserve Bank of Australia is expected to issue seven rate cuts between 2024 and 2025, according to a new forecast from Westpac, but not before the cash rate reaches a high of 4.1 per cent.
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Sydney beats out Geneva, Paris for super prime sales
Sydney ultra high-end market has proven relatively resilient to economic headwinds, according to new research from Knight Frank.
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Domain sees spike in rental demand coming from China
New figures from Domain show Australia's vacancy rate remained stubbornly low during February, with the company reporting a spike in rental search traffic from China.
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