INDUSTRY NEWS
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REIV announces excellence awards
The 2021 Winners of the REIV Awards for Excellence have been announced, with some strong competition across the board. …
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Hotel investment surging in regional NSW
It’s been a tough 18 months for the hospitality industry, but with lockdowns set to continue to ease, the outlook once again looks bright especially for regional hotels. …
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Sydney property prices not in bubble territory
Record-low interest rates have fuelled rapid house price growth around Australia, however, Sydney is not in a housing bubble just yet. …
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Rising rents push New Zealanders to buy
Signs that rental growth has accelerated sharply across New Zealand is leading many people to look at buying. …
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Historic Berrima Gaol hits the market
An iconic Australian gaol where the nation’s first serial killer was hanged has hit the market, with international interest expected in the historic site. Set on 1.9ha, the Berrima Correctional Centre was used as a gaol for almost 200 years and is made up of 60 prison cells and a watch tower. Constructed between 1835 and 1839, Berrima Gaol, as it is also known, …
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Strong selling conditions as new listings surge across Australia
Buyer demand for property continues to outstrip supply across the country, however, listings are starting to increase according to new data. …
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Housing affordability pressures create pain for apartment upgraders
Upgraders are increasingly running into affordability constraints as house prices around the country continue to increase. …
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Rent rolls across Eastern states hold value but fees are falling
The median value of a rent roll across Australia’s Eastern Seaboard is worth $400,012, data from a specialist rent roll broker shows. Real Estate Dynamics Annual Rent Roll Market Report also shows each property in the rent roll earns a median average annual management income (AAMI) of $1457 in the 2020-2021 financial year. Real Estate Dynamics Chief Executive Officer Nathan Brett said the figures come from the 101 rent rolls the group sold in the 20/21 financial year, …
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The price of swish ski homes continues to rise
Demand for homes in popular ski resorts is rising at a rapid rate all around the world according to a new report. …
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Regional property prices continue to climb in Western Australia
House prices across regional Western Australia are continuing to gain momentum after a strong period of growth. …
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Just 35 per cent of Aussies would buy property in the current market
Almost two thirds of Australians believe now isn’t the right time to buy property, according to new research by financial comparison site, Finder. …
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REIA releases policy agenda ahead of upcoming Federal Election
The REIA has set out the policies it believes the government needs to address on behalf of the industry in the lad-up to the Federal Election. …
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Snug and MRI Software join forces to save property managers time
Snug, a leading rental application and inspection booking software, has joined forces with MRI Software in a partnership that will give property managers back more time in their day. Central to the partnership is a scalable, API-based integration between Snug and MRI Property Tree that enables property managers to effortlessly create a tenancy by onboarding successful rental applicants. “In a competitive rental market and challenging COVID environment, …
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Queensland named number one property investment location
A new report has highlighted Queensland as Australia’s number one property investment location. …
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Mortgage Choice and Smartline to operate as one brand
REA Group today announced a significant integration milestone for its broker business with Mortgage Choice and Smartline to operate under one brand. …
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Auction volumes rising as clearance rate tops 80 per cent
Auction volumes are continuing to increase, with CoreLogic reporting a preliminary clearance rate of 81.8 per cent after 2920 properties were taken to auction across the combined capitals. …
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Record demand for regional NSW property continues
Record real estate activity in many areas of regional NSW, has local agents thinking that there could be more strong house price growth ahead. …
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Melbourne maintains $1 million median price as regions boom
House prices across Victoria remain incredibly strong, with the Melbourne median price above $1 million and regional areas growing at a record pace. …
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REIQ says rental reforms may hurt property owners
The Real Estate Institute of Queensland (REIQ) is concerned new rental reforms that were introduced this week hurt the rights of property owners. …
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Caring sees Cathy Baker capture top real estate awards
Cathy Baker has taken out two prestigious accolades at the Real Estate Institute of NSW Awards for Excellence, …
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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 the Australian Capital Territory (REIACT) Chief Executive Officer Michelle Tynan saying only the auctioneer was allowed to remove their mask when calling the auction. …
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Demand for property reaches an all-time high
It appears that nothing can slow down the red hot property market as both demand and transaction numbers continue to skyrocket. …
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New Zealand has more agents than homes for sale
The number of real estate agents across New Zealand has continued to grow over the past 12 months and the industry is doing its best to maintain high standards. …
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The ‘rightsizing’ boom is putting pressure on luxury supply
Sales of luxury apartments are booming and there are growing concerns that supply is going to get increasingly tight. …
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Hutly updates VicForms platform to boost productivity and data accuracy
Hot on the heels of Hutly's acquisition of Property Data last week, Hutly is today releasing an update to the VicForms platform that introduces a property-centric way of working with real estate contracts. …
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Auctions kick up a gear in busiest week in more than six months
This week is shaping up to be the busiest week for auctions since March, with more than 3000 properties set to go under the hammer across the nation – including the return of onsite auctions in Sydney. CoreLogic’s National Auction Market Preview shows 3096 auctions are booked across the combined capital cities for the week ending October 17, including 983 homes going under the hammer in the harbour city. …
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Unit rents rise for the first time since before the pandemic
In what is another positive sign for the property market across the country, units rents have risen for the first time since the onset of COVID. …
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Victorian Government boosts build-to-rent scheme
The Victorian Government has announced the build-to-rent scheme has been expanded in a bid to encourage investors to build rental properties. …
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The Perth suburbs where units are out performing houses
The Perth housing market has been gradually trending higher over the past 18 months and it now appears that the unit market also gaining momentum …
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Property Vulnerability Index reveals NZ regions most at risk of downturn
The New Zealand property market has been one of the strongest in the world recently with house prices increasing 27.8 per cent in the past 12 months. However, the price increases have started to cause some issues with affordability and only last week the Reserve Bank of New Zealand (RBNZ) was the first major central bank to increase official interest rates. …
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Warrnambool agent to test Victorian vaccine certification technology
A Warrambool real estate agency is playing its part in getting Victoria ready to reopen, taking part in the state’s “Vaccinated Economy trials”. …
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REINSW answers the big questions on real estate’s roadmap to reopening
The Real Estate Institute of NSW (REINSW) has sought to clarify some of the confusion as the industry returns to work after prolonged lockdowns. …
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How your social media account could get you sued
There’s no escaping the fact that social media has taken over the world. But as O*NO legal explains you need to take steps to ensure that asset isn't a liability. …
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How AI is helping agents win listings
Real estate agents are taking up technology at ever increasing rates, recognising the role artificial intelligence and machine learning can play in super-powering their listing ability. In today’s world, technology works in tandem with data. When you have information on house values, auctions, open homes, buyers and sellers, and much more, there’s a lot of facts, stats and information to sift through. …
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RBA expresses concerns over excessive borrowing
The Reserve Bank of Australia (RBA) has outlined its concerns about the risk of excessive borrowing, noting if house prices declined or interest rates increased in the longer term, everyday Australians could be in for a rough ride. …
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