National
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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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The secret to a successful high-stakes negotiation
To achieve the best possible result for your vendor, you need to leave your emotions at the door, was the key learning from Ray White’s Leadership Academy this week.
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Inflation is up but what does that mean for interest rates?
Inflation climbed 1 per cent in the June quarter and 3.8 per cent annually, according to the latest Australian Bureau of Statistics data, with experts conflicted on whether this will mean an interest rate rise.
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Sporting sanctuaries: Homes with gold medal features
As the Paris 2024 Olympics captivate the world, luxury real estate across the country is reaching for gold with properties brimming with 'champion' features.
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Unprecedented wealth transfer set to impact low to middle-income suburbs
Australia is on the brink of an unprecedented $3.5 trillion wealth transfer over the next two decades, in a shift poised to significantly impact the nation’s low to middle-income suburbs.
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Barry Plant joins forces with Propic for AI-driven solutions
Barry Plant is moving towards a ‘CRM-first’ culture, after partnering with Propic as they look to use technology to streamline and grow their business.
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South Australia ranked top economy in the country
South Australia’s property market is booming and the state has also been crowned the top economy in the nation for the third quarter in a row according to a new report.
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RE/MAX members stay curious at network’s annual conference
Staying curious, adopting change and adapting as innovation takes hold in a rapidly changing world, were the driving themes of the multi-day RE/MAX RMX24 conference held last week on July 24 and 25, RACV Royal Pines Resort on the Gold Coast.
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Realestate.com.au helps Australians to ‘keep moving’ in new brand campaign
The ups and downs Australians experience when finding a new home takes centre stage in realestate.com.au’s new brand strategy and creative platform.
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A starter home in the US now costs $1 million
Australia isn’t the only country that’s witnessed a staggering rise in property prices over the past few years, with starter homes now costing US$1 million in the US.
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Data insight: Immigration brings retail assets back to life for now
Record-high immigration levels have revitalised retail assets and boosted sentiment nationwide, but there are still headwinds for the sector.
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Federal Government needs “bulldog” to tackle housing crisis head-on
The Federal Government needs to appoint a “bulldog” to champion solving the housing crisis and bring together all three levels of government, according to a prominent real estate industry figure.
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Data insight: Property prices don’t care about high rates
Property markets continue to tick higher, despite high interest rates and cost of living pressures, however, there is still a big disparity between the different cities.
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Investors give Melbourne property a ‘wide berth’
Property prices are on the rise across the county, however, Melbourne continues to lag behind other major capitals.
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