National
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Lockdowns lead to lower seller confidence but buyers remain keen for more
The REA Insights Listings Report August 2021 analysed new listings in order to deduce the latest market supply trends.
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What could burst the Australian property market boom?
Ray White chief economist Nerida Conisbee has investigated whether anything could bring Australia's current property market growth to a halt.
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What does the Spring selling season look like for states in lockdown?
Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne, NSW and NT.
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Pandemic and climate change to have lasting impact on the real estate industry
The pandemic and climate change are impacting so heavily on the nation that the real estate industry is poised for massive changes
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Herron Todd White: Property clock shows almost all markets in positive position
Most residential markets have remained in the rising-to-peaking sector of the national property clock, according to Herron Todd White's national property report for July.
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Debit card system EFTPOS partners with Beyond Blue to assist small businesses
EFPOS has announced a new partnership of Beyond Blue, providing funding to support Australian small businesses struggling with mental health issues.
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Openn Negotiation signs a partnership agreement with the Professionals
Australian-listed proptech company Openn Negotiation has established a partnership agreement with the real estate agency Professionals Group Australia.
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REIA welcomes the housing affordability and supply inquiry
The Real Estate Institute of Australia (REIA) has welcomed the House of Representatives Standing Committee on Tax and Revenue inquiry into housing affordability and supply in Australia.
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Housing affordability and supply in the spotlight
Housing affordability is set to be the focus after an inquiry into Australia’s housing supply was announced late today.
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Auction clearance rate lower as markets navigate lockdowns
The volume of properties taken to auction was slightly higher this week, but the clearance rate dropped marginally as the most popular markets navigated lockdown.
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How the property market has evolved amid the pandemic
Australia’s property market exceeded all expectations in 2020 and the first half of 2021, as a the suggestion of potential market crash was swiftly switched out to reports of a nationwide market boom. PRD has released its Australia Economic and Property Report for 2021, which analyses how the property market has evolved over the past year due to multiple factors,…
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New home sales plummet across Australia in July
The sale of new homes has dropped significantly in almost all Australian states, according to a new report that surveys the largest volume home builders. The Housing Industry Association (HIA) New Home Sales Report showed new home sales fell 20.5 per cent in July, with declines seen in almost every state. HIA Economist Tom Devitt revealed new home sales dropped…
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More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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Australians are using lockdown to hunt for property online
Search activity on realestate.com.au jumped 2.4 per cent last week as lockdowns were felt across the country.
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What is the state of the current property investment market?
Ray White chief economist Nerida Conisbee has revealed the current property investment is particularly buoyant.
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How the COVID-19 pandemic will change the Australian housing landscape long-term
A drop in investor appetite for high-rise apartments and a push towards lifestyle-centric housing are just some of the trends the COVID-19 pandemic has accelerated, according to property experts. Many of these trends were already underway in the Australian economy, but the spread of COVID-19 created an economic bubble for many industries, which will likely hold strong for years to…
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Rental market confidence is up but agents are concerned about rent roll and profitability margins
Australian property managers were surveyed to determine the true mood of the national rental market with the response overwhelmingly stating that while the market might be doing well, businesses are concerned by rent roll growth and profitability.
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Industry leaders are urging real estate agents to get vaccinated
Many industry leaders have supported the push by governments around Australia to improve vaccination rates by encouraging members of the real estate industry to get vaccinated. Raine & Horne chairman Angus Raine is one of many real estate industry leaders to speak out about the potential vaccination mandate. “As an industry, we need to support the government’s messages about the…
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How proptech startup Sorted Services doubled its headcount amid the pandemic
Sorted Services, an Australian digital platform streamlining the property management lifecycle, has announced significant growth amidst a challenging macroeconomic environment.
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Dwelling values and sale volumes continue to rise across Australia but rental yield declines, says CoreLogic
CoreLogic has released their August insights, summarising Australian housing market data to the end of July 2021. They found the Australian housing market has continued to maintain the highest dwelling values since 2004, but quarterly values have started to gently decline, when compared to May 2021. Sales volumes also rose across Australia, both in regional and metro markets. Rental values…
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REIA has urged the Australian Government to rethink their approach to sustainability in real estate
The Real Estate Institute of Australia (REIA) has called on the government to empower Australian consumers to adopt more 'sustainable and healthy' housing practices.
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Auction volumes and clearance rate dip with three major capitals in lockdown
Both auction volumes and the preliminary clearance rate fell this week in the wake of lockdowns across Australia's three largest capitals.
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REA Group Australia reveals strong growth in their FY21 results
REA Group has announced positive end of financial year results, with their revenue of $928 million up by 13 per cent, and net profit of $318 million up by 18 per cent.
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Sydney’s CBD office market shows resilience amid lockdowns
The Property Council of Australia's latest Office Market Report has highlighted the resilience shown by the Sydney CBD office market.
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New housing loan commitments are starting to wane
Australia’s strong property market is starting to settle down as economic concerns about lockdowns start to make an impact, new Australian Bureau of Statistics (ABS) data has shown. Real Estate Institute of Australia (REIA) President Adrian Kelly said housing loan commitments had fallen, but remained at an historically elevated level of $32.1 billion. “The latest figures show that the value…
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Adopt-a-Shop is keeping lights on for small businesses
An innovative not-for-profit initiative to help save small businesses struggling due to lockdown has already drawn in more than 70 businesses and raised $50,000 in benefactor support. Started by Destiny Financial Solutions Founder and property investment expert Margaret Lomas, the Adopt-a-Shop program was established just a few weeks ago, and pairs generous benefactors with struggling businesses to help them in…
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Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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Rex Software celebrates 10 years servicing the real estate sector
Rex Software looks back at 10 years servicing the real estate sector and the major milestones they've enjoyed along the way.
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The ATO warns property investors to be aware of common tax return traps
The Australian Taxation Office (ATO) has reminded property investors to look out for common tax return mistakes that can delay refunds or lead to an audit, costing taxpayers' time and money.
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Sydney lockdowns could cause another Australian recession
68 per cent of Finder's surveyed experts believe Sydney's extended lockdown could be a catalyst for another recession in Australia.
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Auction volumes steady, clearance rate rises
This week’s preliminary clearance rate has edged higher and volumes remain on par with previous weeks, despite the fact more than 250 of the anticipated 2077 auctions for this weekend were rescheduled to a later date.
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Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase
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The Agency on track for record financial year results
The Agency’s planned growth trajectory continues, with the group’s results for the June quarter indicating the company is on track for 2020/21 financial year EBITDA of more than $4 million.
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Market Buy seeks to provide a listing presentation advantage
A great digital profile and solid reputation might get you through the door, but nothing secures a listing quite like the cold hard data of proven results, according to Market Buy’s John Hellaby. A former agent himself, Mr Hellaby explained Market Buy provides all real estate clients with that data, with every sale on the platform compiled into a PDF…
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Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
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