INDUSTRY NEWS
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New auction year kicks off after record December quarter
As predicted, the 2022 auction year has kicked off early, with 448 properties taken to auction nationally this week. …
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Sales of new detached homes in a ‘super cycle’
Sales of new detached homes increased by 11.3 per cent in December putting the level of demand in ‘super cycle’ territory according to a leading economist. …
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Kiwis eye-off Australian real estate in greater numbers
New Zealand property seekers have their eyes firmly on the Australian real estate market, outranking the US and China as the overseas cohort with the largest increase in property searches Down Under. …
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Fancy your own fairytale castle? It comes with a hefty price tag
A custom-built Gothic castle has hit the market in the United States for an eye-watering price tag of US$35 million. …
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Inner city buyers and townhouse demand to drive property market in 2022
Reverse sea-changers and people moving back to the inner city and into townhouses could be the driving force behind the property market in 2022 according to a leading buyers agent. …
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Another lender weighs into the variable rate battle
Lenders might be raising their fixed interest rates, but variable rates continue to be slashed, with ANZ becoming the latest bank to cut its basic variable home loan. …
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Industrial property to outperform in 2022
Industrial property will continue to be a standout performer in the commercial sector while CBD office and retail will potentially struggle in 2022. …
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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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How much does the average real estate employee earn?
The Australian Bureau of Statistics has revealed the average weekly income for employees in the real estate sector. …
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Residential land value hits $6.6 trillion with further increases tipped
The value of residential land in NSW might have hit $2.67 trillion, but it’s still worth less than tech company Apple. …
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Central coast home jumps by $4 million in 18 months
A luxury home for sale on the Central Coast has increased in value by $4.5 million in und two years, highlighting the surge in demand for properties in the area. …
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Profit making resales rise despite lockdowns
The rate of profit making resales continued to increase last quarter, overcoming widespread lockdowns in many areas of the country. …
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WA skills shortage could lead to an affordability crisis
A new Property Council report has revealed 35 per cent of new apartment developments are on hold across Perth due to the impact of the state’s ongoing skills shortages. …
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Perth’s top 10 suburbs for price growth revealed
The Real Estate Institute of Western Australia (REIWA) has revealed the top 10 Perth suburbs with the greatest price growth in 2021, with Woodlands leading the charge. …
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Value of home loan commitments rises after three months of falls
New loan commitments rose 6.3 per cent according to the latest data from the ABS marking continued strength in the national housing market. …
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Every New Zealand suburb grew in value in 2021
A new report has highlighted just how strong the New Zealand property market has been, with every suburb showing positive capital growth in the past 12 months. …
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Top 20 locations where investors can buy with a deposit of $100,000
New research has revealed the top 20 locations that investors can buy into with a deposit of up to $100,000. …
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An unremarkable end to a remarkable property year in NZ
A remarkable year for New Zealand’s residential property market came to an unremarkable end, according to property intelligence firm QV. …
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Peak, peaked or peaking? How to read the current property market
Last year’s incredible house price growth drew plenty of media commentary, but there’s one big question many continue to ask: when will the market peak? …
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Rents hit record highs in most capital cities
The latest data from Domain shows that rents across most capital cities in Australia are now at record high levels. …
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More than 1000 suburbs top $1 million mark
The median house value has hit $1 million or more in 1120 Australian suburbs, new analysis from CoreLogic shows. The data released today shows that more than 400 suburbs in Sydney have a median house value equal to or greater than $1 million, while there are 221 suburbs in Melbourne. CoreLogic Research Director Tim Lawless said a $1 million price tag was becoming “more normal”. …
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Law reform key to digital Australia
Lawyers and business owners are calling out for consistent and permanent reforms across all Australian jurisdictions as digital document signing becomes a business mainstay. …
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A culture playbook can help you hire the perfect team member
Creating and using a culture playbook when hiring new team members is essential to ensure you select someone that aligns with your businesses values, according to a leading real estate legal practitioner. …
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Omicron hits the real estate sector
With more than 600,000 active cases of Covid in Australia, and the Omicron variant surging across the country, the impact on the real estate sector is now becoming more evident. From staff shortages to legal implications and a slowdown in the rental market, this is what the nation’s real estate institutes are hearing from their members… Real Estate Institute of New South Wales (REINSW) Chief Executive Officer, …
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First home buyer lending in NZ likely to slow down
The first home buyer market in New Zealand is likely to slow down in 2022 as banks continue to reduce low deposit home loans according to new analysis from CoreLogic. …
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Is this the end of ultra-low fixed rates?
The era of ultra-low fixed rate loans could be over as interest rates on fixed rate loan products continue to increase. …
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Rental market to stay tight as prices surge
Weekly rental prices have surged almost 5 per cent across the country to finish 2021 at a national median of $450 per week, new data shows. …
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Are Aussies happy where they live?
New research has highlighted that 70 per cent of Australian’s are happy where they live, however, those people living in Sydney and Tasmania are the least happy with their current location. …
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Where is the toughest place in Australia to find a rental?
The suburb of Casuarina, near Tweed Heads, has been named the toughest place in Australia to find a rental property. Research from Well Home Loans has found that the popular NSW beachside location had only one vacant rental property, while asking rents have jumped $205 in the past 12 months. Casuarina had a vacancy rate of just 0.45 per cent, when the research was conducted last month, …
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Ryan Serhant: The evolution of cryptocurrency, blockchain and the Metaverse in real estate
In the not too distant future half of all real estate transactions will be completed with cryptocurrency, according to the agent behind the most followed brand in real estate. …
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Values continue to increase, with two cities leading the charge
Brisbane and Adelaide are leading the charge when it comes to increasing home values, according to the latest property market indicator summary from CoreLogic. …
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Micro markets and varying price growth tipped for 2022
Property prices will continue to drift higher in 2022, however, a leading property expert believes house prices will soon be ‘demand-led’ as markets begin to normalise. …
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When will auctions really kick off for 2022?
Just over a week into 2022, and the auction market is well and truly back, with auctioneers across the country reporting they’ve never been so busy in January and the auction year has never kicked off this early. …
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83 Perth suburbs record December house price growth
House prices in more than 80 Perth suburbs jumped as much as 6.2 per cent in December, with property market experts tipping the trend to continue well into 2022. …
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What makes an ideal commercial property for an investor?
The commercial property sector in Australia has shown signs of getting hot after more than a year beset by the COVID pandemic. …
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