National
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Housing affordability pressures create pain for apartment upgraders
Upgraders are increasingly running into affordability constraints as house prices around the country continue to increase.
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Just 35 per cent of Aussies would buy property in the current market
Almost two thirds of Australians believe now isn’t the right time to buy property, according to new research by financial comparison site, Finder.
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REIA releases policy agenda ahead of upcoming Federal Election
The REIA has set out the policies it believes the government needs to address on behalf of the industry in the lad-up to the Federal Election.
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Snug and MRI Software join forces to save property managers time
Snug, a leading rental application and inspection booking software, has joined forces with MRI Software in a partnership that will give property managers back more time in their day. Central to the partnership is a scalable, API-based integration between Snug and MRI Property Tree that enables property managers to effortlessly create a tenancy by onboarding successful rental applicants. “In a…
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Cricket legend Don Bradman’s family retreat hits the market
The family retreat of Australian cricket iconic Don Bradman has hit the market in what is already garnering plenty of attention by cricket tragics from around the world.
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Tight market conditions cause settlement dates to blow out
New data from Ray White indicates that the era of short settlements might be coming to an end.
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Mortgage Choice and Smartline to operate as one brand
REA Group today announced a significant integration milestone for its broker business with Mortgage Choice and Smartline to operate under one brand.
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Auction volumes rising as clearance rate tops 80 per cent
Auction volumes are continuing to increase, with CoreLogic reporting a preliminary clearance rate of 81.8 per cent after 2920 properties were taken to auction across the combined capitals.
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Demand for property reaches an all-time high
It appears that nothing can slow down the red hot property market as both demand and transaction numbers continue to skyrocket.
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The ‘rightsizing’ boom is putting pressure on luxury supply
Sales of luxury apartments are booming and there are growing concerns that supply is going to get increasingly tight.
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Auctions kick up a gear in busiest week in more than six months
This week is shaping up to be the busiest week for auctions since March, with more than 3000 properties set to go under the hammer across the nation – including the return of onsite auctions in Sydney. CoreLogic’s National Auction Market Preview shows 3096 auctions are booked across the combined capital cities for the week ending October 17, including 983…
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Unit rents rise for the first time since before the pandemic
In what is another positive sign for the property market across the country, units rents have risen for the first time since the onset of COVID.
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How your social media account could get you sued
There’s no escaping the fact that social media has taken over the world. But as O*NO legal explains you need to take steps to ensure that asset isn't a liability.
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How AI is helping agents win listings
Real estate agents are taking up technology at ever increasing rates, recognising the role artificial intelligence and machine learning can play in super-powering their listing ability. In today’s world, technology works in tandem with data. When you have information on house values, auctions, open homes, buyers and sellers, and much more, there’s a lot of facts, stats and information to…
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RBA expresses concerns over excessive borrowing
The Reserve Bank of Australia (RBA) has outlined its concerns about the risk of excessive borrowing, noting if house prices declined or interest rates increased in the longer term, everyday Australians could be in for a rough ride.
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The Agency to ease divorcing clients’ pain with new agent training program
The Agency has joined forces with Australian Family Lawyers(AFL) to train agents in managing property sales during a divorce.
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The top suburbs where there’s still room for price growth
It’s no secret the property market has been running hot in 2021, but according to buyer’s agency network, BuyersBuyers there are still opportunities for growth in the country’s top three markets.
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Homely launches Well Home Loans integration
Online real estate marketplace Homely.com.au has integrated online home loan provider, Well Home Loans, into its full-service real estate search.
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Over 80 per cent of auctions successful in all capitals
Every capital has reported a preliminary clearance rate of above 80 per cent this week as auction volumes rise across the country.
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Industrial and logistics real estate market tipped to skyrocket
Australia looks likely to be the major beneficiary of booming investment in the logistics and industrial real estate market, according to a new report by JLL..
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High Court dismisses appeal over real estate restraint of trade
A legal case that serves as a warning for both real estate business owners and employees has come to a conclusion, with the High Court dismissing an agent’s final appeal over restraint of trade and confidential company information.
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Value of Australian housing market surpasses $9.1 trillion
The value of the Australian housing market has increased more than $1 trillion in the past five months, hitting a new record of more than $9.1 trillion in September.
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Auctions and open homes can be held across NSW
Freedom Day arrived in NSW yesterday with some good news from the State Government in that on-site auctions and open homes can take place statewide. Minister for Better Regulation and Innovation Kevin Andrews said there was currently no restrictions on where a live auction or open home could be held. “The Public Health order notes that from 11 October there…
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Office occupancy rates call for CBD recovery
As lockdowns on the East Coast begin to wind back, there have been calls for workers and businesses to return to the hard-hit CBD.
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National rental vacancy rate clocks up its fifth month at just 1.7 per cent
The national vacancy rate remains low, clocking up its fifth consecutive month at just 1.7 per cent, according to new data released by Domain.
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APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
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Will there be a real estate lockdown legacy in Sydney and Melbourne?
Property market commentator Simon Pressley has warned of a lockdown legacy in the making due to the exodus of residents from Australia’s two largest cities.
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Industry leaders analyse what RBA decision means for real estate market
The Reserve Bank of Australia (RBA) has maintained its record low cash rate at 0.1 per cent, with real estate industry leaders predicting Australia’s hot housing market will start to even out a little in the coming months.
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Busiest auction week since mid-July as Melbourne records its second highest clearance rate this year
CoreLogic has reported this was the busiest auction week since mid-July, with the preliminary clearance rate also on the rise and Melbourne returning its second highest initial success rate of the year.
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REIA claims the Government bolsters its coffers at housing affordability’s expense
Real Estate Institute of Australia (REIA) President Adrian Kelly believes stamp duty has become the antiquated blight of the Australian housing sector, based on new findings.
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Sydney sellers cash in with 97.6 per cent of housing resales selling for a profit in June
In Sydney over the June quarter, 97.6 per cent of houses sold for a nominal gain, the highest level since 1982, says CoreLogic
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Real estate industry leaders weigh in on stamp duty reform
Industry leaders have provided official submissions on behalf of the real estate sector, discussing stamp duty changes and housing affordability.
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School zones create a house price premium
New Domain research has found many school catchment zones continued to add a significant premium onto already spiking property prices across Australia.
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Harcourts Australia partners with Realhub to launch a new proptech offering
The Harcourts Australia network aims to assist agents and property managers with a new digital proposals and listings presentations platform from Realhub.
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Local Property Team offers new business model that’s local by name and nature
With a career spanning more than 17 years, encompassing the gamut of real estate companies and positions, Local Property Team chief executive officer, Brennan Hill has seen it all.
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