National
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No end in sight for rising construction costs
There’s still no relief in sight for builders with construction costs continuing to rise at a record rate.
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House price falls to continue into 2023: NAB
There’s likely more property price declines ahead with values to continue decreasing in 2023, according to the National Australia Bank.
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Different to offer property management as-a-service
Australian proptech :Different, has announced the launch of an all-in-one property management solution, :Different for Agencies.
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Rental stock levels well below five-year average
Rental stock levels are more than 35 per cent below the five-year average and growth in annual rents has broken into double digits for the first time on record, new figures show.
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Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take hold.
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Preliminary clearance hits its highest peak since late May
The preliminary clearance rate has reached its highest point since May after auction volumes increased this week.
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Sydney vacancy rates hit the lowest on record
Sydney's vacancy rate has dropped to a record low of 1.1 per cent, with the number of available rental properties more than halving in the past year.
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Affordability continues to cause problems for first home buyers
The surge in home prices over the past few years continues to make it more difficult for first home buyers to get into the market. Finder’s First Home Buyers Report 2022 has shown that those people currently looking to buy rated affordability as their top factor in selecting a home, followed by access to public transport, proximity to shops, and…
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Prevent burnout with new property management tools
Property managers are calling time on the real estate industry, struggling to cope with busy workloads and poor access to tools and resources needed to succeed.
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How to choose the right exit strategy for your business
Sales, retirements, and unforeseen events can lead to you or a partner exiting your real estate agency, but many business owners aren’t fully prepared for this critical step in their business’ life cycle.
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Lending to build new homes slows down
Rising interest rates continue to weigh on housing finance, with new data from the Australian Bureau of Statistics showing a decline in August.
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Rents rise at fastest quarterly pace on record
Rents have risen at the fastest quarterly pace on record, soaring 4.3 per cent nationally in the three months to September.
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Major banks to pass on full RBA rate hikes
Australia’s big four banks have been quick to pass on the Reserve Bank of Australia’s 25 basis point rate hike in full to their variable mortgage customers.
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Falling property prices contribute to drop in household wealth
Household wealth has fallen for the first time in more than two years, with $484 billion being wiped off in the June quarter.
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RBA takes more moderate approach with 0.25 per cent cash rate increase
After a series of bullish interest rate hikes in recent months, the Reserve Bank of Australia has tempered its approach, increasing the cash rate by 25 basis points at its October meeting today.
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Loss-making resales have started to rise as property downturn continues
The Australian property market has peaked and turned downwards, with the number of loss-making transactions starting to rise.
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Regional property values set to benefit from the renewable energy boom
Australia’s focus on renewable energy will see a number of regional property markets across the east coast benefit from rising prices and long-term capital growth.
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Exciting gifts deepen connections for property clients
What was the last gift you shared with a customer? A scented candle? A calendar with a card? Humdrum gifts will never compete with the chance to go parasailing in Queensland or a wine-tasting on the Margaret River, are they? Yet it has never been easier to deliver exciting gift ideas to customers with the help of We Wander. The…
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Auction volumes down but clearance rate holding steady
Consecutive long weekends have continued to impact auction volumes, with 1613 properties taken to auction across the combined capitals this week to return a preliminary clearance rate of 62.3 per cent.
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Property price falls moderate as spring activity increases
Property prices across the country were widespread in September, but the pace of falls moderated significantly, with the national median value of a home in Australia now at $752,000.
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Rising costs to see students look to student accommodation
Higher rents and rising living costs could see students turn back to specialist student accommodation according to an expert.
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Queensland real estate icon Andrew Bell joins REIA board
Ray White Surfers Paradise owner and widely respected agent Andrew Bell OAM has been appointed to the Real Estate Institute of Australia (REIA) board of directors as an additional director.
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CampaignAgent reacts to huge industry uplift in demand for more VPAPay
Agencies have reported a significant uplift in Pay Later applications as the property market turns from a seller’s to a buyer’s market, according to CampaignAgent.
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Demand increasing for energy efficient homes
Demand for energy efficient homes is on the rise as cost of living pressures are forcing Australians to look for more affordable options.
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Australia’s most ‘royal’ suburbs revealed
The town of Warragul in eastern Victoria is officially Australia’s “most royal” location, boasting more royal street names than any other suburb or town in Australia.
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858,000 households have an adult child living at home
The cost of living is surging across Australia and the higher expenses are forcing more people to move back in with their parents.
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Adelaide and Brisbane among the world’s best performed property markets
Adelaide and Brisbane have bucked the national trend and recorded strong house price growth as worldwide prices continue to climb.
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How Pay On Success VPA solves vendor reluctance in today’s market
The property market is changing. Your approach to vendor paid marketing needs to as well.
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Australian home buyers prepared to wait for lower prices
Nearly eight in 10 Australians are prepared to wait for house prices to fall further before jumping back into the market, according to new data.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the fourth consecutive week, despite a drop in auction volumes.
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The worst is yet to come on interest rates and the economy: Treasurer
Federal Treasurer Jim Chalmers has warned homeowners there will likely be more pain ahead as interest rate rises start to weigh on the economy.
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Luxury retailers expand their Australian presence
Luxury retailers are expanding their bricks and mortar footprint in Australia, with demand for luxury goods well ahead of pre-pandemic levels.
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Grow your rent roll with levelled up listings
Property managers have always been amongst the hardest workers in the room. Landlords expect great results in short timeframes, but are also looking for the cheapest possible prices, meaning PMs often have to compromise on using the best quality tools and services.
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New PMVA menu serves up office efficiency
Do you need help advertising a property? What about organising inspections or onboarding a new tenant?
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Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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