ACT Real Estate News
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ACT real estate portal launches industry-first build-to-rent solution in Canberra
In a pioneering move for the Australian real estate industry, ACT-based portal Allhomes has introduced a build-to-rent (BTR) product solution, making it easier for renters to find and apply for BTR homes alongside traditional rentals in Canberra. Allhomes, owned by Domain, launched the new feature on 1 August 2024, catering to the emerging BTR market in the capital. The platform…
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AI Powered Agents Course Goes National with Real Estate Institute Partnerships
In partnership with the Real Estate Institute of Tasmania (REIT), Real Estate Institute of the Australian Capital Territory (REIACT), Real Estate Institute of Queensland (REIQ) and Real Estate Institute of Victoria (REIV) the course will be offered across Australia from August 29 to equip real estate professionals with essential AI skills.
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Perry Edmondson-Clark named NSW Head of Auctions at Ray White
Ray White NSW | ACT state auctioneer Perry Edmondson-Clark has taken up the newly created role of Head of Auctions for the network.
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Tenant who subleased room and kept up to five cats ordered to leave rental
An ACT tenant who leased a room in her landlord's property on Booking.com and housed up to five cats without permission has been ordered to leave the property.
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Time running out for ACT agents to complete Class 1 licence renewal
Come July 1, real estate agents in the ACT, who transitioned to a Class 1 licence status following the 2022 legislative changes, must have completed at least 7 core units from the Diploma of Property (Agency Management) CPP51122 to retain their Class 1 licence status.
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Rent freeze would spell disaster for Canberra
The Greens latest proposal to freeze rents in the ACT would be a “catastrophe” for Canberran renters and families, according to a peak real estate body.
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Tribunal denies BTR landlord a rent increase of $85 per week
A Canberra landlord who wanted to hike their tenant's rent by 20 per cent has had the move denied by a tribunal.
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REIACT hosts the first Australian Auslan interpreted Auctioneering Championships
The Real Estate Institute of the Australian Capital Territory (REIACT) has hosted the first Australian Auslan interpreted Auctioneering Championships, in a push to build awareness for hearing-impaired home buyers.
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Connected Agency’s extraordinary 100-day transformation
Ask Canberra agents Joel Beard and Stephanie Attneave what they’ve loved most about their first 100 days with the Agents’Agency and the pair reply it’s the ability to tap into the insight of a network of highly experienced agents.
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Premium Sydney suburbs recovering the quickest
The Sydney suburbs that recorded the biggest price falls last year are the same ones that are leading the charge now that the market is recovering.
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Propic hits the nation’s capital with Luton introducing AI
A forward-thinking Canberra real estate agency has introduced market-leading artificial intelligence to ensure 24/7 customer service and that no potential sales or property management lead is missed.
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REIACT appoints new chief executive officer
The Real Estate Institute of the ACT (REIACT) has appointed Maria Edwards to the CEO role, taking over from Michelle Tynan.
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Canberra’s first electric vehicle apartment development
In a first for Canberra, a new apartment development will include individual Electric Vehicle (EV) chargers for each apartment in a bid to make the building more environmentally friendly.
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One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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Luke Evans joins The Agency
The Agency welcomes experienced performance and sales coach Luke Evans to the team as General Manager of Sales, NSW and ACT.
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Build-to-rent-to-buy housing to help vulnerable ACT women
A new initiative from the ACT Government aims to help vulnerable and at-risk women get onto the property ladder.
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The Agency launches in the nation’s capital city
The Agency continues to grow its national presence with the establishment of a high-performing team in Canberra.
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Onsite auctions return to Canberra as lockdown ends
Agents in the ACT have woken up this morning out of lockdown and able to conduct onsite auctions again, albeit with a few restrictions. Under the ACT’s pathway out of lockdown, live auctions can recommence from today with a maximum of 25 people on site. Mask wearing and social distancing requirements also remain in place, with Real Estate Institute of…
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Hangover from previous rental assistance could render new initiatives inadequate
REIACT has tentatively welcomed the announcement of rental assistance incentives for both residential and commercial tenancies.
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The ACT real estate industry can bring new properties to the market as restrictions ease
As of midnight, ACT agents can arrange a building inspection, EER reports and photography and videography.
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REIACT and the Attorney General urge tenants and landlords in Canberra to work together in lockdown
REIACT supported Attorney General Shane Rattenbury' suggestion tenants and landlords in Canberra will have to work together amid lockdowns.
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Ray White Canberra welcomes Chris Dixon and Maree van Arkel to the team
Ray White Canberra has welcomed top agents and north Canberra specialists Chris Dixon and Maree van Arkel to their rapidly expanding group.
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REIACT speaks out against proposed Residential Tenancies Act changes
The Real Estate Institute of the Australian Capital Territory (REIACT) has urged all landlords and tenants to speak up about proposed changes to the Residential Tenancies Act. REIACT CEO Michelle Tynan said the proposed changes to the Residential Tenancies Act (RTA) could have wide and damaging consequences for private rental stock numbers in the territory. “The minimum energy efficiency standards…
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Brett Hayman: Olympian to AREAs winner
As a three-time World Champion and Olympic silver medallist, Brett Hayman knows a thing or two about discipline. Here, the Hayman Partners director explains how adopting the same approach in real estate has seen him rise to the top of his field.
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From Wagga to Canberra: The next big step for Dave Skow
Dave Skow has set his sights on Canberra, teaming up with Independent Property Group as their new senior operations manager
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Canberra needs 12 new houses a day for next 20 years
Arabella Rohde was elected as the Property Council’s new ACT division president last month and she’s now issued a blunt warning about challenges faced by population growth in the nation's capital.
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Know your Territory: Getting your listing right can make a big difference in Canberra
With Canberra house prices setting a new record high and unit prices also edging their way towards a new peak, many potential sellers appear to be changing gear.
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Independent Property Group announces new General Manager and shifts focus solely to Canberra market
Canberra’s longest-running real estate agency, Independent Property Group (IPG), has announced major changes to its operation in an effort to position itself for further growth in what is one of Australia’s hottest property markets.
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Agents for change hit milestone as Zango celebrates first birthday
Canberra-based property-listing portal, Zango, has just turned one, with the locally owned and operated business celebrating the anniversary of its go-live date on Wednesday.
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REIACT Awards 2020: All the winners
The ACT’s real estate sector came together on Saturday night to celebrate its’ achievements and recognise outstanding performers in a year that has changed the way real estate has had to be done. “This year, our Awards for Excellence has showcased the adaption, innovation and education the real estate sector…
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Property confidence rises in SA but plummets in ACT
The latest ANZ/Property Council Survey has shown that as South Australia's property industry continues to gain confidence, the ACT industry's confidence levels have plummeted.
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Ray White NSW | ACT celebrates its 2020 winners
Close to 1000 people tuned in to watch the Ray White NSW | ACT 2019-20 awards, which looked a little different this year, held over Zoom. Nonetheless, the night felt the same, as the network celebrated the achievements of its top offices and individuals. Ray White NSW CEO Andrew McCulloch said the iso-style awards were a sign of 2020 given…
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Rental affordability best since 2007: REIA
The REIA Housing Affordability Report shows rent affordability has improved across the country in the June quarter, with figures not seen since late 2007. “The proportion of income required to meet rent payments decreased to 23.3 per cent in the quarter, a decrease of 0.4 percentage points over the quarter and down 0.5 percentage points compared to the same time…
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Canberra’s property prices quadrupled since 2000
Housing prices have quadrupled in just two decades, unit prices have tripled, and values could reach an average of over $3.8 million and $1.3 million respectively – These are some of the key insights from Allhomes’ research on Canberra’ property market over the past 20 years. The report also noted that, since 2000, houses sold at auction have risen from…
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ACT tax rebate for landlords extended
The ACT Government scheme which awards a land tax rebate to landlords who slash their tenants’ rents by 25 per cent has been extended until December. Over 750 landlords are currently involved in the scheme. “We understand this is a difficult time for many Canberrans, particularly those who have suffered a significant reduction in their income,” ACT Attorney-General Gordon Ramsay…
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