National
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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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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.
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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.
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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.
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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.
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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.
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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.
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Leading agent Taney Jain to established his own business
One of Australia’s top agents, Taney Jain has announced he’s departing Reliance Real Estate after nine years.
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Property prices continue to defy rate hikes
National property prices keep on moving higher last month, despite the Reserve Bank of Australia (RBA) continuing to hike the cash rate.
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REA Group launches suite of AI-powered features
Popular real estate platform realestate.com.au has launched a suite of new AI-powered enhancements, including a Generative AI ChatGPT integration, for one of its most used features, ‘Suggested Properties’ on the platform’s home screen.
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Double your productivity without adding hours – with Elite Agent’s AI Powered Agent Workshop Series
Agents, property managers and leaders looking to supercharge their marketing and create content that effortlessly converts to customers, should sign up to Elite Agent’s full-day accelerated Artificial Intelligence workshops.
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It now takes 15 years for house prices to double in value
The old saying that property prices double every 7-10 years, might need to be updated, with new data showing that it now takes 15 years for properties in Australia to double in value.
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ACT and WA likely to see an uptick in listings
The ACT and Western Australia are likely to see the largest percentage of vendors listing their homes for sale in the coming months according to CoreLogic.
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Sad day as :Different goes into voluntary administration
Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platform’s assets and intellectual property.
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AI could potentially lead to white-collar “Rust Belt suburbs”
The rapid rise in AI is already changing the way white-collar workers operate and it has the potential to severely impact the price of real estate in certain suburbs according to an expert.
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Victoria dominates most in-demand suburbs
The Victorian suburbs of Berwick and Melbourne are the two most in-demand suburbs in the nation, according to new PropTrack data.
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Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing the number of loss-making resales held under two years has spiked.
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More branded residences coming to Australia
Australia could soon see more branded residences popping up, with developments featuring the likes of the Ritz-Carlton and Four Seasons brands predicted to grow across the country according to a new report.
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The hotel industry rebounds as tourism nears pre-COVID levels
The hotel sector is showing signs of a return to pre-COVID occupancy levels, while room rates are also forging ahead according to an expert.
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Lisa Pennell appointed new CEO for Barry Plant
Lisa Pennell has been appointed chief executive officer of the Barry Plant Group just six months after joining the brand as its chief operating officer.
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The fibs naughty renters tell their landlords
If you’ve ever told a fib to your landlord, then you’re not alone, with a new survey finding that 26 per cent of Australian renters have kept secrets from their landlord.
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Western Australia has the best property market conditions
Some of Australia’s smaller capital cities and their associated regional areas have the strongest property markets in the country according to new analysis.
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Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman Bay in regional South Australia.
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Profitability is the number one concern for agency bosses
Profitability has been named the biggest challenge in the real estate industry courtesy of falling transaction volumes, according to new analysis.
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Herron Todd White: $750,000 won’t buy you as much as it used to
The surge in property prices since 2020 has left many homebuyers out in the cold, with fewer options under $750,000 according to the latest Herron Todd White (HTW) Month in Review.
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