NEWS
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No summer slowdown for auctions
As the property market gears up for another Super Saturday of auctions, data indicates November proved the busiest auction month on record …
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The capital city predicted to record the strongest growth in 2022
Capital city property prices will continue to rise in 2022, peaking in the first half, then slowing sharply from the middle of the year, new data suggests. …
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Last Big Four bank lifts its interest rate
The National Australian Bank has become the last of the major lenders to lift its fixed rate loans, closing the door on big four rates under 2 per cent. …
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Investors back in the market but owner-occupier lending falls
New investor loan commitments rose for the 12th consecutive month in October, while lending to owner-occupiers dropped by more than $800 million, according to new data. …
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Brisbane’s Matt Lancashire named Queensland’s highest selling agent
A combination of property and real estate IQ, effective processes, and a solid focus on vendors is the secret to success for Matt Lancashire, who has topped a list of Queensland’s top selling real estate agents for 2021. The Ray White New Farm principal placed ahead of the Gold Coast’s Michael Kollosche, the Managing Director of Kollosche, and Place Estate Agents Kangaroo Point Director Simon Caulfield. …
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Pearl Beach property bought for 78 pounds sells for $2.5 million
An unassuming home bought for just 78 pounds almost 100 years ago has just sold for $2.5 million at Pearl Beach on the NSW Central Coast. It’s the first time the four-bedroom home had been offered to the market since the original owner, Evelyn Smith, bought the land in 1928. Then part of the new Staples Estate, the 675sq m block is just 150m from the sand dunes at Pearl Beach. …
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Sydney apartments set to make a comeback
Sydney apartments are set to be back in favour come the new year, according to Sydney agent Adrian Wilson. …
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How COVID-19 changed the way Victorians work, live, and play
Times have well and truly changed, and as a result, so have the wants and needs of Australians – including how and where they want to live. The pandemic has changed our collective priorities, and that’s reflected in PwC’s latest CityPulse 2021, which examines the liveability of Victorian suburbs. PwC Australia Melbourne Managing Partner Peter Konidaris said CityPulse 2021 unearthed the rise of the family-friendly, …
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Optimism abounds, as new research reveals the state of Sydney’s CBD
The number of Sydneysiders working in the office tripled last month, according to the latest Office Occupancy survey by The Property Council of Australia. Property Council NSW Executive Director Luke Achterstraat said the survey revealed positive signs for Sydney’s CBD, with the office occupancy levels increasing from eight per cent to 23 per cent in November. “With lockdown restrictions lifting, and a festive summer season ahead, …
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Perth property market gears up a notch
Perth has enjoyed its fourth consecutive month of increased sales activity, with a 9 per cent rise in volume during November, while price growth is also keeping pace. …
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REIV appoints new CEO, as Gil King’s tenure comes to an end
The Real Estate Institute of Victoria (REIV) today announced that Quentin Kilian will succeed Gil King as the organisation's CEO from mid-February 2022. …
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New program teaches young people the ABC of property investing
A real estate workshop that aims to remove the fear and uncertainty associated with stepping onto the property ladder has launched in Burpengary, Queensland. RE/MAX Living Principal Kathy Sweeney and team members Chanae Roma, Melanie Wilks and William Sweeney have started Asset Building Club (ABC), a workshop where young people, aged 18 to 30, can gain valuable insight into what they need to do to purchase their first investment property. …
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New Zealand’s momentum slowing
New Zealand property prices have continued to increase nationally in November, but have slowed compared to October, according to the latest data from CoreLogic NZ. …
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Virtual land a hot commodity in the metaverse
Another block of virtual land has sold for an eye-watering amount, with a digital investor paying $4.3 million for an allotment in The Sandbox metaverse. According to its website, The Sandbox is a “virtual metaverse where players can play, build, own and monetise their virtual experience”. Republic Realm, which describes itself as “one of the most active investors in and developers of the metaverse real estate ecosystem”, …
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Key number indicates a busy 2022 for real estate
The real estate industry could be in for a busy New Year, with Domain reporting increased appraisal volumes across the country as sellers ponder the prospect of taking their property to market in 2022. …
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Rexlabs appoints new product managers
The real estate tech experts at Rexlabs have welcomed two new Product Managers into the fold. …
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New research reveals Australia’s top family suburbs
New South Wales suburbs have dominated the top five spots in a new list of Australia’s best family housing markets. The research, commission by Well Home Loans, identifies the top 20 suburbs for families, with the NSW suburb of Horningsea Park coming out on top. Doug Vukojcic, property adviser for United Agents Property Group at Carnes Hill said the result was no surprise to him. …
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How property settlement period blowouts are impacting agency cash flow
If you’re an agent, you’ll know that the current tight market conditions have meant that settlement periods are expected to blow out, with some even extending far into next year. …
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Real estate agencies among Australia’s most loved local businesses
Podium, the leading communication and payments platform for local businesses, has today announced the winners of Australia’s Most Loved Local Businesses, alongside COSBOA, the Council of Small Businesses Organisations of Australia. Podium, the leading communication and payments platform for local businesses, has today announced the winners of Australia’s Most Loved Local Businesses, alongside COSBOA, the Council of Small Businesses Organisations of Australia. …
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Double digit-growth boom for regional housing markets
Regional Australia is continuing to witness house value increases that outpace the capitals, with the best performing regions enjoying an annual rise of more than 30 per cent. …
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Adele adds to $30 million Beverly Hills real estate portfolio
Singer Adele has increased her real estate holdings with another purchase in the Hollywood Hills, taking the combined value of her property portfolio to more than $30 million. …
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The number one feature Australian homebuyers are looking for
With Australians spending more time at home than ever, it appears the backyard swimming pool is back in vogue, as homebuyers scramble to get ready for summer. According to Domain, the most searched term across all capital cities in October was, ‘pool’, ahead of other popular terms such as ‘home office’ and ‘courtyard.’ With Australians unable to travel overseas, and interstate travel still up in the air, …
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26 Victorian suburbs join the Million Dollar Club
Melbourne property prices are booming and million-dollar homes are quickly becoming the new norm. …
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Australia’s cheapest street to buy a home is in Western Australia
A tiny town in outback Western Australia with less than 500 people is also home to Australia’s cheapest street in which to buy property. Main Rd in Mullewa has a median house price of just $28,500, according to Ray White Chief Economist Nerida Conisbee. Mullewa, which is 99km east of Geraldton and 450km north of Perth, is known for its abundance of wildflowers in spring, …
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Selling off market: new research shows whether it’s worth it
Vendors who choose to roll the dice with their properties by selling off-market are losing out, according to new data. A new report from PropTrack comparing sale prices for houses sold off-market with those listed on realestate.com.au, found on average they sell for 2.6 per cent less. Paul Ryan, PropTrack Economist and report author said consumers chose to sell properties off-market for a number of reasons, …
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The prime real estate position Australians are willing to pay top dollar for
One in three super prime residential sales in Australia over the last year have been absolute waterfronts, with buyers paying greater premiums than ever before. …
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Why you need a whole lot more in the bank to buy a luxury property in Australia
Forget the million dollar price tag for a prestige property, $4 million is the new $1 million, according to Ray White’s Nerida Conisbee. In a recent look into the luxury property market, Ms Conisbee noted the sector was among the beneficiaries of the pandemic. And, like other areas, it was being driven by low interest rates, high savings, more time spent at home and a desire for space. …
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Vic auction listings break through 2000 for the first time
A record 2040 residential property auctions were expected to be staged in Victoria in the week ending 28 November, according to the Real Estate Institute of Victoria (REIV). …
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The busiest auction week on record
This week proved the busiest auction week on record with 4261 properties going under the hammer across the combined capitals. …
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Big Four bank’s decision to scrap sub-2 per cent interest rates a ‘wise one’
The National Australia Bank (NAB) is the only big four bank offering an interest rate lower than 2 per cent, following Westpac’s decision to discontinue its introductory variable rate of 1.99 per cent. …
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Openn’s US pilot program: Century 21 and RE/MAX broker agreements
Australian-listed property technology company, Openn Negotiation Limited (‘Openn’ or ‘the Company’) (ASX: OPN), has entered into binding agreements with two real estate brokerage firms to participate in the Company’s Pilot Program in the United States. …
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COVID-19 drives ‘regional renaissance’ as house prices surge
The regional property market continues to skyrocket, with house prices jumping almost 30 per cent in the year to September, the fastest annual pace in 35 years. The rapid rise in the regional market is outpacing growth in metro areas, as the ripple effect of COVID-19 sees homeowners flee the city, thanks to increasing work-from-home arrangements. The findings were revealed in the PropTrack Regional Australia Report 2021, …
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Auction numbers jump 10 per cent each week since September
For the first time in CoreLogic history, the number of auctions scheduled across Australian capital cities has exceeded 4000. After delays from the extended lockdowns in Sydney, Melbourne and Canberra, the spring selling season is going full steam ahead with 4354 capital city homes set to go under the hammer this week. According to this week’s CoreLogic Property Pulse, the volume of scheduled auctions is set to reach new highs across Sydney, …
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How NZ’s cash rate rise will impact the property market
Experts tip the latest NZ cash rate increase isn't the last hike the RBNZ will announce, and that is likely to impact the property market. …
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How big is the gap? How rising house values compare to wage growth
House values have risen at more than double the rate of wage increases over the past two decades, according to recent analysis by CoreLogic. …
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