National
-
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
Surging demand meets limited stock: capital city clearance rates rebound
The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week high at a time when it traditionally plateaus.
Read More » -
Four amazing tips you need to know from Elite Retreat 2023
Adaptability is the new competitive advantage, building a community around your business, developing a positive workplace culture and using AI to grow your business without growing your costs, were just some of the main themes to come from Elite Retreat 2023.
Read More » -
Rents continue to rise, but growth is slowing
Record immigration and tight supply have seen rents across the country continue to rise, however, some cities are now starting to see rents fall as a multispeed market begins to develop.
Read More » -
Investors urged to ‘stop chasing cash flow’ alone
With ever-rising interest rates along with cost of living pressures, investors are being warned to not focus just on cash flow and should look to locations that offer good capital growth opportunities.
Read More » -
Australia’s rental crisis persists as rents jump again
There’s still no relief in sight for struggling tenants, with rents recording a two per cent rise over the past quarter, according to PropTrack.
Read More » -
RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 4.1 per cent.
Read More »