National
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Highest auction clearance rate since March
A sharp drop in the number of withdrawn auctions in Melbourne and Canberra has resulted in the highest auction clearance rate since March this year.
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Online offer management platform, Market Buy, has come of age
In the five years since Market Buy’s first external sale, the pioneers of online offer management have celebrated some major milestones.
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New and total listings drop across Australia as national rental supply nears all-time low
The Australian rental market has become increasingly competitive as available rental supply continues to sharply decline over 2021.
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The AREAs are back with a new feel-good award category
The Annual REA Excellence Awards (AREAs) are back to celebrate the success of the real estate industry, with a new wellbeing award added to the list of honours in 2021. Partnering with health experts at Benny Button for the Wellbeing Initiative of the Year Award, REA Group said it is designed to recognise companies and individuals who have introduced wellbeing…
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How millennials’ digital habits and home ownership trends have impacted the Australian property market
Millennials are a digitally savvy generation, going online to shop, socialise and work. So it is little surprise they would seek out digital alternatives in real estate, too.
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LJ Hooker celebrates its 93rd anniversary by partnering with Lifeline
LJ Hooker has announced an official partnership with Lifeline, which is aimed at helping the charity’s crisis support services and suicide prevention.
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Clearance rate improves across higher volumes
With one-on-one inspections now permitted in Melbourne, auction volumes have increased slightly this week while the combined capital preliminary clearance rate also edged higher to 74.6 per cent.
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More retirees have large mortgages but fewer are downsizing
Fewer retirees are looking to downsize this spring selling season, according to the REIA, with listings down 20-40 per cent
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Australia’s population growth rate is the slowest in more than 100 years
Australia's population only marginally grew in 2020, primarily due to the impact of international border closures on overseas migration.
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House prices have soared by almost 20 per cent
House prices have inflated by a whopping 18.4 per cent over the year to June, according to the Real Estate Institute of Australia (REIA).
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Sydney sees newfound confidence as new listing rates improve
The NSW Government's pathway out of lockdown has instilled newfound confidence in Sydney residents, according to REA Group's newly released PropTrack Listings Report September 2021.
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Domain set to acquire Insight Data Solutions
Domain has announced it has entered into a binding agreement to acquire Insight Data Solutions (IDS) by October this year, marking another step forward in executing its marketplace strategy.
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New Rexlabs technology takes the hassle out of database targeting
Since COVID-19 hit Australian shores, securing listings has become increasingly tough for real estate agents. It’s more important than ever to stand out from the crowd
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The Reserve Bank rejects suggestions cash rates will lift sooner than expected
Governor Philip Lowe has shut down suggestions the Reserve Bank of Australia (RBA) will lift the cash rate to cool the property market.
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Herron Todd White: Property clock has run out of batteries with no movement in any market
With the property market remaining the same as July, Herron Todd White’s property clock indicates nearly all Australian residential property sectors are either rising or approaching the peak. Herron Todd White‘s (HTW) August residential property clock remained identical to last month, with no positional changes in houses or units. The commercial property clock saw some changes. Residential property clock The…
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Housing affordability advocates condemn Liberal MP Jason Falinski’s ‘prejudiced’ objections to social housing reform
A coalition of housing affordability advocates have rejected the "prejudiced" comments made by Jason Falinski, MP for Mackellar
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Major changes to franchise laws will significantly impact the real estate industry
Important changes to Australian franchise laws, introduced in July, will impact both franchisors and franchisees, regardless of expansion plans.
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MRI Software acquires Box+Dice
Global real estate software provider MRI Software has acquired customer relationship management platform Box+Dice, in a move that will enable agencies to look after clients throughout their entire property journey.
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Auction volume and clearance rate enjoy slight increase
There has been a slight increase in auction volume this week as the preliminary clearance rate also took an upward turn.
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Differences between inner, middle or outer rings in Australia’s high performing cities
PRD has provided insights into the best areas to invest, buy and rent in major Australian capital cities, such as Brisbane, Sydney, Melbourne and Perth.
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Top 10 things to watch in the Australian property market
After correctly predicting this national property boom, Propertyology Head of Research, Simon Pressley now takes a look at the things that will shape future property market performance.
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Property seekers remain undeterred as buyer demand reaches an all time high
Buyer demand and email enquiries from property seekers have reached an all-time high despite lockdown restrictions in some states.
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The impact of discrimination in the private rental sector
Discrimination towards tenants in the private real estate sector has been highlighted by new AHURI research, but an expert believes these issues can be repaired through more education.
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Rental affordability improves across Australia
Rental affordability improved marginally across Australia by 0.3 percentage points over the June quarter, according to REIA.
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Cash rate steady as housing remains ‘one of the few positive indicators’
CoreLogic Research Director Tim Lawless shared his reaction to the Reserve Bank of Australia maintaining their cash rate hold at 0.1 per cent.
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Reserve Bank of Australia maintains historic cash rate hold of 0.1 per cent
The RBA announced the national interest rate will remain on hold at the historic low of 0.1 per cent.
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RBA’s cash rate hold of 0.1 per cent will motivate Australians to look into refinancing
Mortgage Choice and Smartline CEO Susan Mitchell said the Reserve Bank of Australia's (RBA) decision to keep the nation's official cash rate on hold at 0.1 per cent will continue the increasing trend of refinancing.
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Sydney homebuyers might have to find another $76,600 in the next 12 months
Experts in Finder's RBA Cash Rate Survey have estimated property prices are set to rise an additional 8 per cent by July 2022.
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Vast majority of experts say vaccine passports are an economic necessity
Vaccine passports will be an essential tool for economic recovery, according to experts in a new poll from Finder.
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Lower volumes lift the auction clearance rate
Auction volumes have dropped this week, but the clearance rate has risen, with 1535 properties taken to auction nationally, res
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First-home buyers flee as property prices continue to surge
First home buyer numbers have plummeted over July as the housing affordability crisis continues, according to REIA president Adrian Kelly
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Lockdown not a predictor of low national vacancy rates
While national vacancy rates remain steadily low in August, capital cities have seen varying rates that are not always congruent with their lockdown status, according to Domain.
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Pet ownership has surged, but so has the number of animals being surrendered
Google Search data indicates more Australians are looking to adopt a dog as lockdowns continue, but shelters are reporting more returns.
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National home prices continue to rise but housing boom is slowly losing steam
Affordability constraints, rather than lockdowns, have slowed but not halted the rise in property values, according to the latest report from CoreLogic.
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Is the home and business lending surge about to slow down?
Finance broker Savvy has analysed the latest ABS lending indicators to uncover whether the increase in new loan commitments has peaked yet.
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