National
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App gets more offers on off-market properties
Launched in Sydney this month, Profound is a marketplace for off-market properties where agents can get access to more offers.
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New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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CBD office occupancy rates rise as workers return
Office workers are flocking back to CBDs across the nation despite Covid and a rising number of flu cases.
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Homeowners and renters facing record levels of financial stress
Financial stress has reached record levels across Australia as homeowners and renters struggle to keep up with the ever-increasing cost of housing as interest rate rises start to bite.
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Commercial service station sector still growing despite EV push
Growth in investment in commercial service stations was elevated in 2021, despite Government attempts to encourage electronic vehicles (EV).
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Growth across capital cities slowing at
record paceThe annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
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Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia (REIA).
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REA Group announces new organisational structure
REA Group has announced changes to its organisational structure to further progress its strategy to build next generation marketplaces.
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Is there a better way to utilise Australia’s 13 million spare bedrooms?
Recently, the Australian Bureau of Statistics (ABS) released its latest Survey of Income and Housing. One interesting piece of analysis looked at the number of spare bedrooms around Australia.
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RBA goes ‘hard’ with interest rate jump
Higher than expected inflation has seen the Reserve Bank of Australia lift the cash rate for the second consecutive month, with today’s 50 basis point increase taking the official interest rate to 0.85 per cent.
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Rents and mortgage repayments to keep rising
Rents and mortgage repayments are expected to continue to rise over the next 12 months, putting more pressure on households already struggling with the high cost of living.
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Lenders have been quick to pass on interest rate hikes
Following the first cash rate hike in over a decade, lenders have been quick to pass on the rate rise to borrowers, with 95 per cent of lenders raising interest rates 0.25 per cent according to Canstar.
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Annual auction volumes declined in May
After a record volume of auctions were held in the first four months of the year, last month saw an annual decline in listings for the first time since February 2021.
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Auction clearance rate drops to its lowest point in almost a year
Auction volumes were slightly lower this week, with 2635 properties going under the hammer across the combined capitals to return a preliminary clearance rate of 62.3 per cent.
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Barellan Point is Australia’s top family housing market
Barellan Point in regional Queensland has been named the top housing market for families according to new research.
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ANZ revises cash rate prediction on back of strong wages
The ANZ bank has tipped the Reserve Bank of Australia (RBA) will lift the cash rate by 40 basis points at tomorrow’s board meeting on the back of broadening inflation pressures.
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Cash poor Australian households look to downsize
After two years where Australians were scrambling for larger homes, a new survey has found one in eight are now looking to downsize as higher living costs start to bite.
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Unprecedented demand for industrial property pushing up prices
Record demand for industrial space has continued to put upward pressure on rents and property values with the trend expected to continue.
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Home prices fell in May as interest rates rose
Home prices across the country fell for the first time since the start of the pandemic just as homeowners saw the first RBA rate rise in over a decade.
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Prices fall in inner-city and expensive suburb micro markets
Micro markets in major capital cities have started to weaken, with prices falling as much as 8.5 per cent in the past three months. The latest CoreLogic Property Pulse showed inner-city and upper-quartile suburbs in Sydney, Melbourne and Canberra have led the price falls with suburbs such as Sydney’s Beaconsfield dropping 8.5 per cent in the past three months. In…
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The highlights from AREC 2022 – Day 2
Just as Day 1 delivered something for everyone, Day 2 at AREC 2022 saw plenty of laughter, a few tears and a host of inspiring takeaways. We were there for all of the action once again and have narrowed down our Day 2 highlights… Mel Robbins The 5 Second Rule In one of the most highly anticipated sessions of the…
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RBA examines the post-pandemic housing market
Property prices have increased, the construction industry is at capacity, and the average Australian household size has fallen throughout the course of the COVID pandemic. But will these trends continue into the foreseeable future?
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The highlights from AREC 2022 – Day 1
More than 4000 real estate professionals packed the Gold Coast Convention and Exhibition Centre yesterday for Day 1 of AREC 2022.
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Preliminary clearance rate rises on the back of auction surge
This week proved the busiest auction week since the pre-Easter spike, with 3229 properties going under the hammer across the combined capitals to record a preliminary clearance rate of 63.7 per cent.
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The East Coast’s most affordable and liveable suburbs
Sydney and Melbourne are becoming opportune markets for buyers with a growing list of affordable suburbs according to a new report.
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Australian home ownership rates lowest on record
The proportion of Australians who own their own home continues to sit at record low levels, new data has revealed.
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Auction numbers to bounce back after the Federal Election
Auction volumes are set to rise sharply this weekend following lower volumes last week as a result of the Federal election.
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Innovators join forces: Propps and Agents’Agency strike partnership
PropTech game changer Propps has joined forces with the Agents’Agency to empower the independent real estate network’s agents with its innovative digital offer management system, driving new efficiencies for its people while enhancing the buying and selling process for its customers.
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Cost of living pressures the leading concern for Australian voters
The cost of living, healthcare, and housing affordability are top of mind for Australians on the back of a Labor victory, according to new research.
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Foreign buyers behind half of 2022 commercial property investment
More than half of all commercial property sales in 2022 have been to overseas buyers according to new data from Ray White Commercial.
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AI lead generation proves its power in regional areas
Concerns over whether Ai technology could work in regional areas are very common across real estate agencies doing business there.
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Demand for industrial space sees vacancy rate hit 10-year low
Industrial and logistics properties across the east coast of Australia are seeing record demand with vacancy rates now at a decade low.
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Federal Election puts a dampener on auctions
With the nation heading to the polls for a Federal Election at the weekend, both the auction volumes and the preliminary clearance rate felt the effect, slumping to the lowest success rate of the year. CoreLogic reported auction activity was down across all capitals, except Perth, with just 1676 properties going under the hammer in the combined capitals to record…
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Rising construction costs to weigh on builders and home buyers: HTW
Rising construction costs are ongoing labour shortages are putting increasing pressure on builders and new home buyers, according to the latest Herron Todd White (HTW) Month in Review.
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Tight rental conditions forcing rents higher
Tight rental conditions across the country will likely see rents continue to surge in a number of locations according to new analysis.
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