National
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Social housing and investor reforms urgently needed
The government needs to focus on building more social houses, eliminate policies like negative gearing and coordinate national rental reform to help address the housing crisis in Australia.
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Sydney records the highest prime rental growth in the world
Sydney has once again recorded the highest annual prime rental growth across 15 of the world’s leading cities.
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Home buyers make offers after just 20 minutes
Home buyers in the UK, are spending less than 20 minutes looking at a home before putting in an offer according to new research.
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Senate launches enquiry to examine first home buyer finance
The Senate has voted to begin an inquiry examining the impact of Australia's financial regulations on home ownership, with a focus on improving access for first-time buyers.
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Domain reports solid jump in revenue and profit
Domain has reported a “strong” set of financial results for the 2024 financial year, with revenue increasing 13.1 per cent to $391.1 million, while net profit increased 27.9 per cent to $49.4 million.
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Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
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Foreign investors drive commercial property sales to $11.5 billion
Foreign investors have made a significant return to Australia's commercial property market, driving sales to $11.5 billion in the first half of 2024.
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Harcourts bids big for mental health with Blue Friday auctions
Harcourts Australia is getting ready to paint the country blue, with its nationwide auction event to raise money for mental health and wellbeing charity Beyond Blue.
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Buyers’ optimism grows, but affordability challenges slow property searches
Prospective buyers feel positive about entering the property market, but once the house hunt starts, affordability challenges mean it takes longer to find a home than first desired.
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Grant Hackett: Focus on purpose and meaning to succeed
If you want to succeed in real estate or sports you need to focus on finding your purpose and meaning.
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Buyers find more options as property supply rises
Properties will need to be priced right coming into the spring selling season, with the latest data from Domain showing momentum is swinging towards buyers.
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Nationwide workshops to shape future of property services qualifications
BuildSkills Australia (BuildSkills) will hold consultation workshops around the country as part of qualification reform in the property services industry.
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One-minute data: Rental vacancy rate stabilises as investors return
The national rental vacancy rate held steady at 1.42 per cent in July, with some cities seeing improved conditions.
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Construction costs spike again, driving property prices to new heights
Last year, it looked like the rapid rise in construction costs had come to an end.
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Angela Limanis on breaking barriers: How women can succeed in auctioneering
Not letting your fears outweigh your passion for real estate is the key to more female agents taking up auctioneering, according to Angela Limanis.
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Kolmeo’s new platform to deliver smart, on-demand services for tenants and landlords
Property management software provider Kolmeo has launched an innovative new platform for its subscribers aimed at helping them meet their tenant and landlord needs and create an extraordinary customer experience.
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Buyers cautious with economy stuck between a ‘rock and a hard place’
The Australian property market is currently mixed with the economy trapped between a ‘rock and a hard place’ and buyers are becoming more cautious according to a new report.
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REA Group reports revenue and net profit surge
REA Group has reported strong financial results for the year ended June 30, 2024, with revenue up 23 per cent and net profit climbing 24 per cent year-on-year.
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Ex-partners forced to live together to save money
Almost one in five Australians have been forced to remain living with an ex to save money on housing costs.
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Population growth puts renters under extreme pressure
Surging population numbers are continuing to drive the rental crisis and politicians will need to answer for policies that continue to drive up house prices according to a new report.
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Geoff Lucas contract terminated with The Agency
The Group Chief Executive Officer and Managing Director of The Agency, Geoff Lucas, has had his contract with the company terminated.
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Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per cent increase in national rents during July.
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NSW to ban background check fees for renters
The NSW government is set to ban fees charged to prospective tenants for background checks when applying for a rental property.
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International student caps not enough to free up housing
Universities across Australia could soon face new regulations limiting their international student enrolments to a maximum of 40 per cent - but it may not be enough to ease the housing crisis.
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RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its August 2024 meeting, but stressed that monetary policy will need to be “sufficiently restrictive” until it is confident inflation is moving sustainably towards the target 2-3 per cent range.
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Barry Plant’s “Call-lympics” nets 1800 appraisals
Barry Plant's network-wide appraisal drive, dubbed the "Call-lympics," has resulted in over 1,800 appraisals booked during two short call bursts.
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Most buyers and sellers rate their experience with agents positively
Three-quarters of buyers and sellers involved in a property transaction in the past year have rated their experience directly with real estate agents as either “excellent” or “above average” according to a new national survey.
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Valentina Parra finds work-life balance through auctioneering
When experienced sales agent, Valentina Parra, made the move to Ray White corporate, she realised she missed the thrill of selling homes at auction.
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Australian owner-occupier mortgage surges $154 a day
The average new owner-occupier mortgage in Australia has reached a record high of $636,597, marking an increase of $154 per day over the past year.
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Anna Neelagama resigns from REIA
Anna Neelagama has resigned as chief executive officer of the Real Estate Institute of Australia (REIA), but will continue her push to help solve Australia’s housing crisis with Master Builders ACT.
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Million-dollar milestones: Australia’s next wave of suburbs on the rise
More than 160 suburbs could join the million-dollar club in the next 12 months, according to research from PropTrack.
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Cash rate likely on hold, but a cut looms
Experts are predicting the Reserve Bank of Australia will be leaving the cash rate steady in August, but with inflation cooling a cut could be on the cards.
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Demand for high-quality offices drives down vacancy rates in capital city CBDs
Office vacancy rates have fallen in half of Australia’s CBDs, with demand for space, particularly high quality offices, on the rise.
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One-minute data: Home price growth continues
National home prices have increased 0.08 per cent in July and are now 6.3 per cent higher than a year ago.
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View Media Group buys The Property Agency
View Media Group has acquired property communications agency, The Property Agency, as part of a wider growth plan focused on moving beyond the traditional listings model.
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