Industry News
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Hobart and regional Victorian homes lead the nation in profit-making sales
Hobart had the highest rate of profit-making re-sales of all capital cities over the September quarter, according to the most recent data from CoreLogic. …
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Virtual inspections see Brisbane market momentum continue
Brisbane’s lockdown did not stop house-hunters keen to inspect property last weekend with many switching to a virtual platform. …
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Hemsworth brothers’ Malibu mansion sells for US$4.9 million
A Malibu home that was owned jointly by Luke, Liam and Chris Hemsworth just sold for $4.9 million. The brothers purchased the property in 2016 for $3.45 million. Luke 40, Chris 37 and Liam 30 have had stellar careers in film and television since Luke began acting in an Australian soap opera in 2001,… …
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Gold Coast development shows no signs of slowing
The Gold Coast off the plan property market is continuing its stunning run into January, with the city’s major development companies and agencies reporting robust sales activities across a broad spectrum of the market. …
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Smashed avo to porridge at home: Young Australians are saving for home ownership
The coronavirus pandemic has accelerated the desire for homeownership in young people, according to Mortgage Choice research. …
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Record numbers of Aussies say now is a good time to buy
Optimistic home buying sentiment has reached a pre-pandemic high in Australia according to new research from Finder. …
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Agents set course for the Hills district
Co-Directors Ismail Ates and Marvin Dayupay have announced the opening of a new office in the Hills district of Sydney. …
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Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with …
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Property boom predicted for 2021
Five out of 8 Australian capital cities are likely to produce double-digit house price growth in the 2021 calendar year while forty (40) or more non-capital city locations will crack 20 percent capital growth over this 12-month block according to Propertyology's Simon Pressley. Pressley says the history books will show… …
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OFT approves new training requirements for Queensland real estate agents
The Office of Fair Trading (OFT) in Queensland has approved new training requirements for people wanting to enter the real estate industry. The new training, as part of initial licensing requirements, follows an independent review of the national property services training package. Before approving the new training, the OFT consulted… …
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REIA re-elects Adrian Kelly and Haydn Groves at 2020 AGM
2021 will be a year to watch says newly re-elected Real Estate Institute of Australia President Adrian Kelly. Both Mr Kelly and incumbent Deputy President Haydn Groves were re-elected to their positions at the AGM held last week. In addressing the AGM, Mr Kelly said although it's been a difficult… …
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Capital city home prices go up in a ‘resilient’ Australian property market
Median house prices in all Australian cities increased by 0.4 per cent during the September quarter, despite the effects of COVID-19. …
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Young gun agent sells $30 million in stratospheric seven weeks
In a fantastic run, real estate young gun Dion Markovics of Raine & Horne Double Bay has sold $30 million worth of property in seven weeks. …
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No takeover bid: The Agency
Contrary to news reports at the weekend, The Agency has asserted there is no takeover bid from Magnolia Equities. …
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Ray White Rural donates $100k to help farmers put Christmas dinner on tables
A small foundation run by big hearts will help drought-stricken farmers put food on the table this Christmas thanks to a generous donation. Ray White Rural chairman Paul White has donated $100,000 to the Drought Angels to support farming families in need in the lead up to Christmas. Mr White… …
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2021 home interiors predictions
Whether it’s broken stone or natural elements and the use of recycled materials, 2021 will be all about embracing raw-looking designs with crisp white interiors, according to property stylist and Vault Interiors founder Justine Wilson. Ms Wilson said there had been a major shift over the past 12 months to… …
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Our 10 most listened-to podcasts of 2020
10 Josh Tesolin: Digital marketing masterclass Do you want to know the secrets behind Josh Tesolin becoming agent of the year? From quickly adapting to COVID-19 to hot marketing tips and why using video and social media is more important than ever before, Josh shares in-depth insights into how he… …
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Sydney and Melbourne set for high capital growth in 2021
Pete Wargent, COO of property buyer's agent platform BuyersBuyers.com.au, says that the housing market landscape has shifted quickly over the past three months, with prices now rising across the capital cities and buyer sentiment surging. Mr. Wargent of BuyersBuyers.com.au said 'enquiry has picked up strongly over the past six weeks,… …
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Auctions clock 75.1 per cent preliminary success rate
The preliminary clearance rate is sitting at 75.1 per cent after a weekend that saw 2065 auctions held across the capitals. CoreLogic notes the volume is down slightly on the week prior when 2168 auctions were held, but the initial success rate has risen from last week’s 73.9 per cent,… …
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Almost $30 million worth of property sold at Ray White prestige auction
Ray White hosted its annual prestige auction event in Brisbane on Saturday, with Ray White New Farm, Ray White Bulimba, Ray White Spring Hill, and Ray White East Brisbane joining forces to sell seven properties under the hammer for close to $30 million. Temperatures soared throughout the city, as did… …
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2 in 3 Aussies better off due to restrictions and govt stimulus
A recent survey from Money.com.au reveals two in three Australians have accumulated more money in their hip pocket this year, as a result of reduced spending, government stimulus, and loan repayment deferrals. The survey of 1013 consumers asked respondents questions about their earnings between April and October this year compared… …
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Homely reaffirms their commitment to real estate agents
Homely.com.au has reaffirmed their stance as an agent-friendly real estate portal, confirming today they will continue as an agent-only listing platform. As an industry-backed property portal, Homely notes they are an advocate for the betterment of the real estate industry and all those it services. “We believe it’s in the… …
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First home-buyers dominate for the first time in 10 years: REIA
The most recent 'Housing Affordability Report (HAR)' revealed a 10-year high for first home ownership and an overall improvement in housing affordability across Australia. REIA President, Adrian Kelly, said a combination of factors meant that housing affordability has faced a bright spot for those who entered the market during the… …
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Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September.According to CoreLogic’s Head of Research,… …
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Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," With interest rates set to remain at these record lows for an extended period of time, attention is already focusing on how to manage associated risks of an 'over-heated' housing market while at… …
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Detached house building approvals hit a 20-year high
"October 2020 was the best month for new detached house building approvals in almost 21 years,"Master Builders Australia Chief Economist Shane Garrett said. During October 2020, a total of 10,936 new detached houses received building approval. The last time a higher figure was recorded was back in February 2000. "The… …
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1.1 million Aussies plan to sell their houses in the next six months
DFA’s survey data concluded that over 1.1 million Australians intend to sell their property in the next six months. In terms of the demographics, 298,093 international owners (foreign citizens and Australians living overseas), 309,032 investors, 115,893 up traders, 350,093 down traders and 28,003 first home buyers intend to sell in… …
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50 lenders now offer mortgages under 2 per cent
There are 50 lenders now offering a total of 126 home loan under 2 per cent. That's 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a '1'. On the average $400,000 home loan, a rate under 2 per… …
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89 per cent of property experts want land tax not stamp duty
Finder's RBA cash rate survey: 89% of experts support axing stamp duty nationally News highlights: Majority of respondents in favour of national land tax rollout Brisbane ranked as best capital city to buy property All experts surveyed (40/40) predict a cash rate hold for December 30 November 2020, Sydney, Australia -… …
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HomeBuilder extension announced
The Federal Government has announced an extension of the HomeBuilder grant in a move that’s been widely welcomed by the property sector On Sunday, Prime Minister Scott Morrison announced the extension of the scheme at a reduced rate until March 31. The HomeBuilder scheme was initially devised as a COVID-19… …
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Melbourne overtakes Sydney as busiest auction market
The preliminary clearance rate has held firm, keeping pace with a rise in auction volumes this weekend as Melbourne overtook Sydney to become the busiest capital. This week CoreLogic reports 2155 homes were scheduled for auction across the combined capital cities, up from 1803 the week prior. Of the 1763… …
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Cancelling rental debt would be ill-informed and cause mayhem: REIV
The Real Estate Institute of Victoria has hit out against calls by tenancy advocate groups to cancel all rental debt. …
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Which are the most affordable and liveable suburbs?
Research from PRD Real Estate has revealed the most affordable and liveable suburbs in Sydney, Melbourne, Brisbane, and Hobart, as we swing into the new year. PRD calculated the difference between the average home loan in a state, and the median unit and house prices in the suburbs to measure… …
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Property Council implores Qld Government to support build-to-rent projects in Budget
Ahead of Tuesday's budget, the Property Council of Australia is urging the Queensland Government to match the commitments of the New South Wales and Victorian Governments and introduce land tax concessions for Build-to-Rent projects in Queensland. "With COVID-19 drastically impacting economies around the globe, there has never been a more… …
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‘Building Stronger Homes’ to make Aussie buildings more fire resilient
The Master Builders Australia and the Insurance Council of Australia brought together a number of peak construction industry bodies, insurance professionals, financial, scientific and economic experts for today's Building Stronger Homes Roundtable. According to the Australian Institute of Architects, this was "an important initial conversation among industry leaders following the… …
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