National
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Could empty offices become affordable housing?
Empty office buildings in Melbourne’s CBD could be turned into apartments and create as many as 12,000 homes, new research has discovered.
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Kolmeo integrates with CustomerGauge
Property management software provider Kolmeo has integrated with customer experience platform CustomerGauge, to unlock Net Promoter Score (NPS) reporting capabilities for its customers.
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Experts predict the RBA will keep interest rates on hold
With inflation cooling, experts have predicted the Reserve Bank of Australia (RBA) will keep interest rates on hold, in what would come as welcome relief for struggling households.
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Harcourts to attempt 500 auctions on ‘Blue Friday’
Harcourts is hoping to “hit the ground running”, this spring with a world record attempt for the most number of auctions in one day.
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Real estate experts call for action against rental crisis
Real estate experts have called on property managers, agency owners and investors to make a serious amount of noise about the worsening rental crisis, imploring state and federal governments to ditch thoughts of rent freezes and rent caps, which they say will only make the problem worse.
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Property prices have recovered half their declines
Property prices have continued to gain momentum in the June quarter with values now halfway into their recovery according to a new report.
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Odds of an August rate hike slashed as inflation cools
There might be relief ahead for mortgage holders with the odds of an August rate hike slashed after a softer-than-expected inflation reading.
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Real estate consumers call for one agency for life
Almost two-thirds of Australian real estate consumers would prefer to have one agency for all of their property needs in their lifetime, according to new research.
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New Zealand claim honours in Real Estate of Origin
The Kiwis have claimed bragging rights after Ray White’s 12th Real Estate of Origin, securing a huge 2498 appraisals in just four hours this week.
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Property settlement volumes finish FY23 strongly
Property settlement volumes have trended significantly downward in the most recent financial year, but remain well up on pre-pandemic levels, according to new data from PEXA.
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Steve Maidment joins REA Group as Chief Technology Officer
A technology expert with international experience, Steve Maidment has joined REA Group as Chief Technology Officer.
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House in the same street as The Block homes comes up for sale
If you think you can do a better job of renovating a home than the contestants on TV series, The Block, then a Hampton property in Melbourne, might just give you an opportunity to test your skills as a renovator.
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Property market still faces “significant headwinds” despite a rebound in prices
After six months of property prices rising in the face of high-interest rates, the ongoing recovery still faces “significant headwinds” in the second half of 2023 according to the latest Herron Todd White (HTW) Month in Review.
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Tasmania top of the states for economic performance
Tasmania has the nation’s best performing economy, including leading the way on equipment investment and dwelling starts.
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NZ sales activity jumps and prices should follow
There are signs of life in the New Zealand property market, with new data showing that sales volumes are on the rise, which will begin to put upward pressure on prices.
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Higher cash rate hitting new home sales
The sharpest increase in the official cash rate in history has seen new home sales across the country continue to fall.
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High-interest rates the key driver of commercial property in 2023
The Real Estate Institute of Australia (REIA) expects to see interest rates remain at elevated levels, which will continue to drive commercial capitalisation rates higher over 2023.
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First home buyers saving deposits faster
First home buyers are saving almost $200 more per month than they were last year but it still takes more than eight years to gather enough for a deposit.
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Why a lower cash rate likely equals lower rents
With the cash rate still expected to peak this year, tenants are likely also in for a reprieve, with a property market expert explaining rent values usually move in line with interest rates.
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National Property Manager’s Day: Celebrating ‘the heart of every agency’
Kirsten Williams and Maree Chisnall have been named the Australian and New Zealand winners of MRI Software’s 1:1 Leadership Coaching Package to mark National Property Manager’s Day celebrated in Australia on Friday, July 21 and Wednesday, July 19 in New Zealand.
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Martin Millard and Rochelle Adgo join Ray White
Ray White has secured two big names in real estate, with Martin Millard and Rochelle Adgo joining the network.
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Are international students behind Australia’s housing crisis?
International students could absorb 70 per cent of the new homes built in Australia between now and 2028, a new study has revealed.
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Offices sales top industrial for most transacted
After the huge interest in industrial assets in recent years, the trend is now starting to normalise with sales of office assets overtaking industrial.
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Trend towards lifestyle locations set to continue
Queensland and Western Australia are set to be the big winners as people continue to flee the big cities and seek out affordable lifestyle locations.
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An “extended pause” on the cards for interest rates
The ANZ bank has predicted the Reserve Bank of Australia will keep interest rates steady in an "extended pause" next month.
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Homeowners forced to work 3.6 weeks per month just to pay their mortgage
If it feels like you’re working all week long just to end up with nothing to show for it, then you might be right, with new data showing a single-income household spends 3.6 weeks, on average, working each month just to pay the mortgage.
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New housing construction continues to decline but costs are easing
Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to slow, with building starts down 16.4 per cent compared to last year.
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Michele Bullock named new RBA Governor
Reserve Bank of Australia Governor Philip Lowe will step down at the end of his term in September, with Michele Bullock moving into the top job.
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New listings rise in some capitals but down nationally
New listings and total listings may be down at a national level, but some capital cities recorded a rise in fresh properties coming to market in June, new analysis shows.
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Commercial sales drop as interest rates bite
Higher interest rates have hit commercial property hard, with sales activity down 37.6 per cent on last financial year.
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REA Group delivers data-enriched buyer leads to MRI Software real estate agency clients with new CRM integration
REA Group has launched a new residential agency CRM integration feature that helps agents nurture leads by providing insight into buyers’ readiness to purchase a home.
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Easing rental market, but rising rents loom nationwide
Rental market conditions have eased the most since November 2020, but weekly rents are expected to continue rising.
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REA Group acquires 100 per cent ownership of CampaignAgent
REA Group has acquired full ownership of CampaignAgent, a leading fintech company specialising in property vendor funding solutions.
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NAB lowers refinancing stress test for select borrowers
NAB has joined CBA and Westpac in lowering the stress test on selected refinance applications for borrowers who do not pass the bank’s standard serviceability test.
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Ray White launches RWC Retail
The Ray White Group has announced the launch of RWC Retail, with the new business, aiming to provide a dedicated team for the sale of retail property across Australia.
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