National
-
New listings push higher as stock levels slowly rise
In good news for buyers, new listings have rebounded nearly 20 per cent last month, however, the flow of fresh levels is still lower than the same time last year.
Read More » -
Hundreds of markets lose million-dollar status
More than 250 house and unit markets have dropped out of the million-dollar club nationally, with Perth the only capital city not caught up in the downward spiral.
Read More » -
Regional areas not the solution to city housing pressures
In the face of soaring living costs, a growing number of urban residents are contemplating a shift to regional areas in search of affordable and comfortable lifestyles.
Read More » -
Homelessness across Victoria surges by up to 435 per cent in some areas
The housing crisis continues to hit the most vulnerable hardest of all, with a new report finding that homelessness across Victoria has increased by 435 per cent in some areas.
Read More » -
A financial review of the Australian Financial Review’s 24th fastest growing company
Being named in the AFR Fast Starters list was confirmation that the real estate market was ready for a new way of doing things. And things aren’t slowing down for UrbanX.
Read More » -
Rents surged up to 27.5 per cent in the past 12 months
Rents have jumped by as much as 27.5 per cent over the past 12 months marking the largest increase since 1994.
Read More » -
Escalating mortgage defaults as Australians grapple with mounting financial pressure
The number of Australians defaulting on their home loan is on the rise, according to new research.
Read More » -
More than 40 per cent of suburbs see rents increase by double-digits
Surging migration and tight supply have led to 44.4 per cent of house and unit markets seeing rents increase by 10 per cent in the past 12 months.
Read More » -
Property prices could make new highs in 2024
If the current rebound in property values can continue, prices will make fresh highs in January 2024 according to a new report.
Read More » -
Luxurious Perth French chateau-style home labelled the ‘finest in the country’, hits the market
A custom-designed Perth home, with a French-inspired feel, has just been listed for sale with price hopes of more than $14 million.
Read More » -
One in four properties purchased without a mortgage
Cash buyers have been active on the East Coast, with a new report showing that 25 per cent of all property purchases in 2022 were made without a mortgage.
Read More » -
Build-to-rent case study: the Smith Collective’s lasting legacy
The head of Australia’s first build-to-rent community, the Smith Collective, has called on the Queensland Government to include the housing model as part of the Brisbane Olympic’s legacy.
Read More » -
RBA doubles down on interest rates as REIA says housing affordability at its worst this century
The Reserve Bank boss has doubled down on the need for this week’s interest rate hike, despite admitting some households are feeling the pinch and mortgage arrears have increased.
Read More » -
Interest rates rise to highest level since April 2012
The Reserve Bank of Australia has lifted interest rates a further 25 basis points to take the cash rate to 4.1 per cent.
Read More » -
Office market underperforms compared to industrial and retail
Demand continues to wane for office assets as ongoing low occupancy rates and the changing nature of the workplace are leading investors to focus on other asset classes according to an expert.
Read More » -
Real estate institute urges Coalition to protect renters from Greens rent freeze
The Real Estate Institute of Australia (REIA) has called on Peter Dutton’s Coalition to support the Housing Australia Future Fund (HAFF) after the Greens laid down an ultimatum to the Government in exchange for its support on the housing bill.
Read More » -
House and unit rents finally fall in some cities, while room rents surge
Pressure might be starting to ease in some of the country's most tightly held rental markets with new data showing that asking rents fell in a number of capital cities last month.
Read More » -
Number of borrowers struggling to pay their home loan has surged
The record increase in interest rates is starting to weigh on borrowers with new research finding 40 per cent of mortgage holders struggled to pay their home loan in May.
Read More » -
Do low listings beget low listings?
Australia’s low levels of property listings could be creating a self perpetuating cycle and influencing would-be vendors to sit on their property, according to a property market expert.
Read More » -
Taxing vacant homes and holiday rentals could help ease the housing crisis
Incentivising investors, taxing vacant homes and holiday rentals and releasing more land are all measures being considered to address the current housing crisis according to the industry.
Read More » -
Rate Hike? Aussie property market says ‘No problem’ as price rebound continues
The Reserve Bank’s decision to lift the cash rate in May has not dampened the nation’s house price rebound with both PropTrack and CoreLogic reporting strong growth for the past three months.
Read More » -
Inflation rises as RBA boss suggests sad solution to rental crisis
In a shock few experts saw coming, inflation has risen to almost 7 per cent in April, with higher petrol prices fuelling the increase.
Read More » -
Rental affordability at the worst level in 8 years
Surging immigration and fewer people per home has seen rental affordability fall to the lowest level in eight years according to a new report.
Read More » -
Cashback offers for refinancers ‘dropping like flies’
The surge in refinancing as borrowers attempt to combat the Reserve Bank of Australia’s (RBA) hiking cycle is putting pressure on lenders with cashback offers getting slashed.
Read More » -
Capital city auctions record highest clearance rate in more than a year
The combined capital cities have recorded their highest preliminary auction clearance rate since November 2021, with 75.9 per cent of properties selling under the hammer last week.
Read More » -
Covid fallout to cause supply shortages for another two years
The impact of COVID-era policies is likely to lead to a lack of housing supply for the next two years according to new research.
Read More » -
Bank of Mum and Dad prepared to give kids $33,000 to buy a home
The bank of Mum and Dad has long been the way many first-home buyers get into the market and a new report has found that parents are prepared to give their kids $33,000 to get them into a property of their own.
Read More » -
Rising home prices might see listings increase
If the current growth in home prices continues, listings could increase by two per cent this year, according to an expert.
Read More » -
Top takeaways from AREC 2023 – Day 1
More than 4000 real estate professionals packed the Gold Coast Convention and Exhibition Centre yesterday for Day 1 of AREC 2023. This year’s headline speaker was Oscar-winner and Hello Sunshine Founder, Reese Witherspoon who revealed the power of storytelling and connecting with people is the most powerful marketing tool of all, whether your in movies or real estate. Here are…
Read More » -
Elite Agent timeline: What’s happening in the Metaverse?
Once a red-hot trend capturing the imagination of investors and tech enthusiasts alike, the metaverse is now experiencing a downturn in interest and demand.
Read More » -
DUO: the AI tool doing your prospecting for you
Revolutionising Real Estate: DUO Technology Powered by Propic AI Delivers Hot Leads and Transforms Sales for Agents!
Read More » -
Industrial property holds up as commercial growth declines
Higher interest rates have seen the growth in commercial assets dry up, however, industrial property continues to hold up according to an expert.
Read More » -
Brisbane homeowners spend the most to renovate their homes
Brisbane has emerged as the leading location in the country for home renovations, with new research finding homeowners in the Queensland capital spent $880 million on home improvements in 2022.
Read More » -
First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too much for a home, according to a leading auctioneer.
Read More » -
The top 10 holiday homes across Australia
Stayz has announced its 2023 Holiday Homes of the Year with the top three luxury properties located on the Sunshine Coast in Queensland, Berry in New South Wales and Wilyabrup in Western Australia.
Read More »