National
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The Agency announces appointment of Geoff Lucas as Group CEO
The Agency has just announced the appointment of Geoff Lucas as Group CEO, with the highly experienced industry executive set to start the new role March 29.
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Auction volume rising, clearance rate holds firm
It’s been the busiest auction week since April last year, and volume is set to increase again, with CoreLogic tipping a three-year auction volume high next Saturday when 3800 properties are slated to go under the hammer. Key auction market points Busiest week since April last yearPreliminary clearance rate: 82 per centSevere weather did little to impact Sydney marketSydney now…
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Riskwise warns of possible credit restrictions to cool housing market
According to RiskWise Property Research, there is a possibility that regulators could introduce credit restrictions later this year in an attempt to slow down Australia’s booming housing market.
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Australia second-most-popular offshore destination for Asian property investors
Despite the COVID-19 pandemic having restricted and reduced the physical movement of Asian real estate buyers around the world, it has not dampened enthusiasm for overseas real estate.
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Houses the standout performers as auction volumes rise
Auction volumes rose across the combined capital cities this week, with 2232 homes taken to auction, marking the second highest number of weekly auctions this year.
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Market confidence ensures strong start to 2021 for new home sales
New home sales have surged in Australia over the past 12 months, with the latest Housing Industry of Australia (HIA) New Home Sales report showing new home sales last month were 1.7 per cent higher than they were in February 2020.
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Trigger happy: Rex announces integration with automated tech tool Zapier
Rex Software has integrated a new automation tool into its CRM that has helped US agents reduce their lead follow-up time by 90 per cent.
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Reserve Bank Governor issues warning on housing prices
In a speech in Sydney on Wednesday, Reserve Bank Governor Dr Philip Lowe has issued a warning about the current boom in the Australian property market - and raised the possibility of regulators stepping in to address the situation.
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Report finds fixing income equality key to addressing property ownership imbalance
A new report released by CoreLogic suggests addressing gender income equality could also help close the gender wealth gap as it pertains to real estate over time.
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Clearance rate rises but volume lower as most states enjoy long weekend
The preliminary clearance has risen to 84.5 per cent on the back of lower volumes this week, courtesy of a long weekend in several states including Victoria. CoreLogic reports 1587 capital city homes were taken to auction this week. Of the 1311 results collected so far, 84.5 per cent have reportedly sold. This is an improvement on last week’s preliminary…
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Karmen Costigan joins Harcourts Australia as Head of Property Management
One of the nation’s largest real estate franchise networks, Harcourts Group Australia, has appointed seasoned industry professional Karmen Costigan as Head of Property Management Australia.
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Property Council survey reveals slowdown in rate of workers returning to offices
Australia’s central business districts are taking a long while to recover from the effects of COVID-19 social restrictions, with new data revealing a slowdown in the rate of workers returning to their offices.
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Reserve Bank leaves official interest rates at historic low
As widely expected, the Reserve Bank left official interest rates unchanged at the historic low of 0.1 per cent when it met for the second time this year on Tuesday.
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Price growth in capital cities outstripping regions according to REA Insights Home Price Index data
Capital city price growth outpaced regional growth for the second time in 12 months in February, data from the new REA Insights Home Price Index released today shows.
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Australian home values rise at fastest rate in 17 years
CoreLogic’s national home value index for February showed prices rose across each of the capital city and rest-of-state regions in February, demonstrating the breadth of the housing upswing.
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The Agency announces half-year profit and record earnings
The Agency has released its half-year financial results, chalking up a maiden profit and record earnings for the six months to December 20.
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Fourth week of auction preliminary clearance rate above 80 per cent
Auction volumes continue to climb across the capitals, with the preliminary clearance rate topping 80 per cent for the fourth consecutive week this year. CoreLogic reports there were 2451 homes taken to auction across the combined capital cities this week, up from 2128 over the previous week, although lower than this time last year when 3026 auctions were held. Of…
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Call for fast-tracked infrastructure investment
Infrastructure Australia has released its 2021 Priority List, which the nation’s property industry has labelled a “wake-up call” for governments to fast-track investment to speed up economic recovery.
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Proply and ListReady partnership offers ‘list now, pay later’ solution
Leading digital proposal software group Proply and real estate credit provider ListReady have teamed up to provide agents and vendors with a seamless “list now, pay later” payment solution.
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Survey reveals pandemic has proven prosperous for proptech sector
A new study from the Property Council and Yardi Systems has found data analytics, business process automation and virtual tours are the top technologies the Australian real estate sector has embraced in 2021.
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Positive conditions forecast to continue according to REA Insights Property Outlook Report
REA Group's newly released Insights Property Outlook Report is tipping positive conditions to remain throughout 2021, with a few notable exceptions.
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Top independent agents named at 15th annual Australasian Real Estate Results Awards
The region's top performing agencies and individuals came together last night competing for top honours at the 15th annual Australasian Real Estate Results Awards (ARERAs).
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Spike in demand leads to rise in construction costs according to CoreLogic figures
The cost of construction in Australia rose by 1 per cent over the December quarter, according to newly released figures from CoreLogic.
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A new leash on life: Study finds benefits for all parties in pet-friendly residential arrangements
More than 60 per cent of households across the nation own a pet but those living in private rentals are much more likely to have to give up a companion animal due to housing circumstances, according to Australian Housing and Urban Research Institute research.
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Clearance rate holds above 80 per cent, with volume set to skyrocket
Sydney has enjoyed its third consecutive week of an auction clearance rate above 80 per cent as national volumes continued to climb.
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Homely partners with REIWA to strengthen affordable advertising options
Industry-backed real estate portal Homely.com.au has joined forces with the Real Estate Institute of Western Australia (REIWA) to strengthen access to affordable property advertising for all Australians.
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Inland Australia in vogue as rural areas record surge in house values
As large swathes of rural Australia emerge from long-running drought conditions, and the mining sector benefits from higher commodity prices and a lift in investment, many rural areas are recording a surge in housing prices.
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Rent.com.au hits new milestone with one million Renter Resumes created
Rent.com.au has announced that more than one million renters have now created a Renter Resume through its site.
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Seventh heaven: @realty celebrates anniversary with 40 per cent rise in sales
National real estate network @realty celebrated their seventh birthday in style this week, with a 40 per cent increase in sales over the past 12 months and an even brighter outlook for 2021.
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Realestate.com.au honours the top residential and commercial real estate agents across Australia
Recognising industry excellence and best practice, 40+ Annual REA Excellence Awards (AREAs) have been announced across the categories of Innovation, Service, Marketing Excellence, and Community. With pandemic-era restrictions preventing the usual gala celebration, the winners have been celebrated in a unique way – with a mural designed by renowned Brisbane graffiti artist Sofles. The 17m x 16m artwork will be…
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REA Group changes Track with rebranding of data and valuations business
REA Group has announced a rebranding of its property data and automated valuations business Hometrack, which will now be known as PropTrack.
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Video of the Week – Location and living space
Never in our lifetime has the concept of the home been so important, including the ability to have a functional and relaxing space.
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Auction clearance rate hits a high despite latest lockdown
The preliminary auction clearance rate has hit 86.1 per cent across the capitals this week as auction volumes continue to increase.
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All financial conditions met: The Agency’s shares lift
Shares in The Agency have resumed trading on the Australian Securities Exchange after the ASX yesterday confirmed the company had met all requirements relating to its financial condition. As of the close of trading last night, the company’s share price had lifted .1c to 5.5c a share. The news follows a series of recent announcements relating to The Agency’s financial…
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Think outside the box to capitalise on Year of the Ox
Few people will be sorry to see the tail end of the Year of the Rat but as we enter the Year of the Ox in the Chinese zodiac, what can we expect?
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