National
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Sydney mansion breaks national auction record, selling for $24.6m
Sydney enjoyed an impressive weekend of auctions, with the clearance rate hovering just under 75 per cent, and a new nationally residential auction record.
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Auction clearance rate holds above 70 per cent
The preliminary clearance rate continues to defy expectations, holding above 70 per cent for the second week in a row. Hot on the heels of the highest preliminary clearance rate since the beginning of the pandemic last week, this week 70.5 per cent of the auctions so far reported appear…
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QANTAS may soon be your new landlord
Qantas is subletting roughly 25,000 square metres of office space in Sydney, Melbourne and Hobart.
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Simpler home loan rules to fuel Australian economy
Reforms announced by the Morrison Government that will streamline and loosen the progress of applying for home loans is hoped to jumpstart our flagging economy.
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Should landlords be incentivised to make rentals energy efficient?
The Australian Housing and Urban Research Institute have released a 75-page report that proposes tax breaks and financial assistance for landlords willing to improve the energy efficiency of their rental properties.
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Planning reform will add $5.7b to economy: PCA
The Property Council of Australia are urging the various state and territory Governments to implement at least one of the 'quick win' reforms in their new Planning to Prosper report.
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Australia should aim for zero-carbon buildings by 2030
The Australian Institute of Architects has welcomed the Government's recently-announced $1.9b investment into lowering emissions, but urges the acceleration of the transition to a carbon neutral economy.
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Domain to offer a real estate marketing edge with new ‘Early Access’ product
Domain has announced the launch of Early Access, a tool they say will help agents build interest and demand for their vendor’s property before the traditional marketing campaign begins. The product has been designed to add a touchpoint to the traditional sales process which can take some time between the agency agreement being signed and the listing being uploaded to the…
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House prices set for a 15 per cent surge: Westpac
The economists have mapped out a four-stage housing cycle that they believe will lead to this surge.
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Dexus CEO warns of “far more painful” recession if work-from-home continues
"People will sit there and say it's the death of the office, but I don't think that's the case"
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Survey: Rent is easier to pay, but renters see a grim future
Renters are finding it easier to make their rental payments than at the start of the COVID-19 crisis, but feel less positive.
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PCA call for six-month Home Builder extension
Recent research by the National Housing Finance and Investment Corporation predicted that demand for housing in Australia would fall by up to 232,000 dwellings over the next three years.
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Drop in migration to cause drop in Aussie housing demand
The global COVID-19 pandemic could cut demand for housing in Australia by between 129,000 and 232,000 dwellings over the next three years, according to new research released today by the National Housing Finance and Investment…
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C21 boosts service offering
Century 21 Australia has acted on insight obtained while operating through COVID-19 and bolstered its service proposition to existing C21 network and those joining the brand. With the level of uncertainty introduced by the COVID-19…
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Highest preliminary clearance rate since March
With Melbourne still out of the picture, the remaining capitals have clocked up their highest combined preliminary clearance rate since March, coming in at 72.4 per cent. This is well above last week’s preliminary success rate of 67.3 per cent, which later revised down to 63.0 per cent at final figures, while CoreLogic notes this time last year, a final…
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Foreign investment fee an “outrageous impost” that will hurt economy: PCA
Proposed legislation that will increase the cost of foreign investment applications fees has been slammed by the Property Council as being "an outrageous impost on safe institutional investment into commercial property and discourage the very…
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Co-living company Hmlet moves into property and lifestyle sector
Hmlet, Asia-Pacific’s fastest growing co-living company, announced a range of products that see them enter the property and lifestyle space. “The goal of Hmlet’s new product lines is to change the way people live for…
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LJ Hooker turns 92, and partners with headspace
On September 20, 1928, Leslie Joseph Hooker opened a real estate office in Maroubra, a beachside suburb roughly ten kilometres from the Sydney CBD.
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$52.5m greener buildings package welcomed
The Property Council of Australia has welcomed today's announcement of a $1.9 billion package of investment in future technologies, including $52.5 million earmarked for improved energy efficiency in residential and commercial buildings.
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The pandemic has changed what buyers want, and developers are following suit
The pandemic has changed how and where people want to live, and what features they are now looking for in a house.
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Gen Z wants split-rate mortgages, Boomers want fixed rates
The generational gap is evident in new research by Finder, which shows a new level of employment uncertainty is influencing how younger generations would prefer to structure their home loans. Out of 1000 Australians surveyed on how they would structure their mortgage if they were to refinance, 20 per cent would choose a split mortgage, dividing their loan into fixed…
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HomeBuilder will keep residential building industry afloat in December Quarter
The HIA New Home Sales report indicates that HomeBuilder will support building activity and protect jobs in the industry during the December 2020 Quarter.
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Australia’s lowest mortgage rate is now 1.89 per cent
In late June, Loans.com.au became the first lender in the country to offer a home loan rate of under 2 per cent, with their 1.99 per cent introductory rate. Since then, nine other lenders have slid under the 2 per cent bar, prompting a race to the bottom that is now being led by Reduce Home Loans – who clearly…
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The 10 ‘danger zones’ for unit oversupply in Australia
RiskWise has identified the Top 10 'Danger Zones' areas in Australia.
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Domain teams up with The Block agents to sell this year’s properties
Domain will again be supporting the selling agents on this season of The Block. In the lead up to the finale, Domain will be helping the agents maximise their exposure for the five period homes in the Melbourne bayside suburb of Brighton. The Block listings will be exclusive to Domain, with agents given access to property marketing offerings across print,…
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LJ Hooker launches new spring campaign for the DIY consumer
LJ Hooker has launched its latest campaign ‘spruce up for spring’ to drive customer engagement and brand awareness during the competitive spring selling season. The national three-month campaign, which kicked off on 1 September, is based on a spring season giveaway offering homeowners the chance to win a share of $17,500 in home renovation vouchers by receiving a property appraisal…
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Homely appoints David Holmes as Qld State Manager
Real estate portal homely.com.au has appointed well-known industry figure and auctioneer, David Holmes as their Queensland State Manager. This announcement comes off the back of Homely rolling out their Agent Participation Program in Queensland and…
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Rent.com.au raises $1.5m to launch RentPay
Rent.com.au has raised $1.5m to market and launch RentPay, RENT's flagship 'tenancy period' product.
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Banks plan to hike interest rates for COVID-impacted customers
Three of the country’s largest banks have conceded that they will increase interest rates for those financially distressed customers planning to make interest-only repayments after the mortgage holiday period ends. NAB, Commonwealth and Westpac have admitted that rates will be higher for those customers only paying interest on their home loans, as opposed to those who pay principal plus interest.…
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RE/MAX team with live streaming platform
RE/MAX Australia Operations Director, Josh Davoren, has announced a ground-breaking partnership between a real estate company and streaming platform Home Live. Home Live is a live streaming solution for real estate agents globally. The platform was developed specifically for real estate by co-founders Luke Watson and Jon Tyson, and was launched to the RE/MAX network last month. Onboarding of offices…
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Residential land demand highest in two years
The impact of HomeBuilder is finally beginning to be represented by statistics.
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Who’s where on the property clock as spring selling begins?
Tasmanian cities are among the new additions to the top of the property clock, according to the September Month in Review by Herron Todd White. Launceston and Bernie/Devonport have now joined capitals like Adelaide, Hobart and Canberra, along with regional areas like Albury, Geelong, and Bathurst at the peak of the market, while Melbourne has officially entered decline, and Darwin…
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Time’s up: Banks begin contacting deferred mortgage holders
Over half of the 900,000 loans that were deferred in Australia will be assessed in the coming weeks, as the six-month ‘mortgage holiday’ period comes to an end. According to the Australian Banking Association, banks have already started contacting customers to “discuss the next stage of support and assistance”. Among these, 260,000 deferred mortgages will be assessed before the end…
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Katie Cotton appointed to grow RE/MAX business
RE/MAX Australia has appointed Katie Cotton, former National Manager with easyBondpay and easyAdpay, to the role of Business Growth Manager. Ms Cotton will focus on expanding the network through the southern Queensland and northern New South Wales regions. “With easyBondpay being a well-known product supplier to the real estate sector, and a RE/MAX partner, I have already established relationships with…
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Australia hits Top 20 in Global Home Price Index
Australia has ranked 19th in the world for house price growth for the year to June 2020, according to the Knight Frank Global House Price Index Q2 2020. The index tracks the movement in mainstream residential pricesacross more than 50 countries and territories worldwide using official statistics. It showed Australia’s house prices grew 6.1 per cent over the year to…
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