National
-
Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes.
Read More » -
More than half of property managers have dealt with domestic violence in tenancies
The Real Estate Institute of Australia (REIA) surveyed property managers earlier this month about their dealings with domestic violence issues while on the job. The survey found 57 per cent of property managers have coped with domestic violence in tenancies over the past 12 months, with 30 per cent managing such issues two or three times each year. REIA President…
Read More » -
REA Group welcomes Eleanor Creagh as new senior economist
REA Group has announced the appointment of Eleanor Creagh as a senior economist. As a trusted financial commentator, Ms Creagh is set to bring a wealth of experience in local and international capital markets to the senior economist role. Working alongside REA Group’s Director of Economic Research, Cameron Kusher, Ms Creagh will play a fundamental role in driving forward the…
Read More » -
Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia.
Read More » -
Most millennials believe the housing market needs more regulation
The majority of millennials (70 per cent) believe the housing market should be more heavily regulated, according to HomeLoanExperts.com.au.
Read More » -
Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year
Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales.
Read More » -
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic.
Read More » -
Auctions continue to net higher prices: Ray White
Regardless of whether they occur online or on site, auctions are more likely to result in a higher property sales price, according to new data from Ray White.
Read More » -
Fewer properties taken to auction due to multiple lockdowns
There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 74.8 per cent this week.
Read More » -
REA celebrates National Property Managers Day
REA Group has commended its property manager customers across the country on the second National Property Managers Day. National Property Managers Day encourages agencies, landlords and tenants to publicly celebrate the efforts of outstanding Property Managers who play a significant role in Australia’s real estate industry. REA Group executive manager of Rent, Jarrod Scott commended the Real Estate Institute of…
Read More » -
EVENT sells $79.6 million of commercial property, cinemas reeling from lockdowns
EVENT Hospitality and Entertainment, best known for the Event Cinemas franchise, has sold $79.6 million worth of non-core property assets.
Read More » -
Low interest rates not solely responsible for property price growth
New analysis from the Property Investment Professionals of Australia (PIPA) has found that property price growth is less dependent on low interest rates than commonly believed.
Read More » -
REA offers an insight into what’s changed in property management in the past 12 months
Record rental inquiries, digital inspections, and legislative changes...aside from the ongoing impacts of lockdowns there's a lot going on in the rental and property management space. REA Chief Consumer Product Officer Val Brown explains how the group is catering to the shift with an update on REA's rent strategy.
Read More » -
CoreLogic launches their digital RP proposals platform
CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.
Read More » -
Celebrating National Property Managers Day
National Property Managers Day is July 23, raising awareness of the challenge property managers face and celebrating their hard work.
Read More » -
Property Council welcomes Brisbane Olympics win
The Property Council of Australia has welcomed tonight's announcement that Brisbane will be the host of the 2032 Olympic and Paralympic Summer Games, heralding it a 'golden decade of opportunity' for the city.
Read More » -
Openn Negotiation successfully lists on the ASX
Australian Proptech company Openn Negotiation has successfully listed and commenced trading on the Australian Securities Exchange (ASX) under the ticker OPN. Openn Negotiation’s listing on the ASX on July 21 comes after raising the maximum $9 million through the issue of 45 million shares at 0.20c per share, under the fully underwritten prospectus lodged in May. Openn Negotiation shares opened…
Read More » -
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
Read More » -
Property taxation is one of the largest barriers to housing affordability: REIA
Real Estate Institute of Australia (REIA) has urged the government to ‘axe the tax’, suggesting that removing property taxation will assist with the housing affordability crisis. REIA has suggested the National Housing, Finance and Investment Corporation (NHFIC) report Stamp Duty: Benefits and Challenges provides evidence that property taxation is one of the largest barriers to housing affordability and consistently performing markets. REIA…
Read More » -
Domain, Lendi and other business leaders offer paid vaccination leave
Lendi Group, Domain Group, Prospa, Zip Co, Honey Insurance, Athena and Valiant Finance have announced paid vaccination leave for all permanent employees. The companies have launched the Great Aussie Vaccine Drive, pledging to offer employees paid leave for both doses, should they choose to get vaccinated against COVID-19. “We can see from the events unfolding around the country that getting…
Read More » -
Affordable regional markets are attracting first-time commercial investors
Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing,…
Read More » -
Westpac revises its outlook for the Australian Dollar
Despite a long-term upswing in the value of the Australian Dollar (AUD), Big Four bank, Westpac believes there's still potential for more growth.
Read More » -
Are weekday auctions the new Saturday?
Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction day clearance rates, Friday is actually more successful.
Read More » -
Openn Negotiation set to go public
Digital sales platform, Openn Negotiation is just hours away from becoming a publicly-listed company, with the real estate proptech co set to start trading on the Australian Securities Exchange (ASX) from 10am on July 21.
Read More » -
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
Read More » -
Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the week that Sydney was extending the current lockdown and Melbourne was commencing a fifth lockdown.
Read More » -
Governments urged to improve planning approval times
The REIA is urging the Federal and State Governments to improve planning approval times in a bid to address the diminishing housing supply.
Read More » -
Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
Read More » -
The Australian launches new commercial property lift-out
The Australian and realcommercial.com.au have come together to launch a new commercial property platform. The 12-page commercial property lift-out will be published in The Australian every Thursday and complemented with digital content on both of the brands’ websites. The national commercial and rural property offering aims to become the go-to destination for investors and key decision makers as it profiles, not only the…
Read More » -
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
Read More » -
Vendor confidence up with appraisals rising 34 per cent
After a booming 12 months for Australian real estate, vendor confidence across the continent remains robust, according to Raine & Horne. Raine & Horne released new data that indicates property appraisals are about 34 per cent higher than winter 2020 and almost 44 per cent stronger than the same time in 2019. According to CoreLogic, national home values rose 13.5…
Read More » -
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
Read More » -
‘Inaction Figure’ campaign takes aim at traditional home loan lending industry
With 75 per cent of Australians frustrated with the traditional home loan process, Australian fin-tech Nano has launched the world’s first ‘Inaction Figure’ to take aim at the lending industry. The ‘Inaction Figure’ symbolises the frustrations Australians experience with traditional lenders when it comes to home ownership and refinancing. Some of the most significant frustrations include confusing jargon (72 per cent), too…
Read More » -
Property managers urged to stand up against domestic violence
The Real Estate Institute of Australia (REIA) is asking property managers to help them stand up against domestic violence by filling out a short three-question survey by 26 July, 2021.
Read More » -
The top 10 most undersupplied metro rental markets revealed
The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available properties for tenants.
Read More »