INDUSTRY NEWS
-
Do low listings beget low listings?
Australia’s low levels of property listings could be creating a self perpetuating cycle and influencing would-be vendors to sit on their property, according to a property market expert.
Read More » -
Affordable capital cities the best option for buyers
The cheaper capital cities of Adelaide and Perth continue to attract buyers and have the potential for more capital growth according to an expert.
Read More » -
Taxing vacant homes and holiday rentals could help ease the housing crisis
Incentivising investors, taxing vacant homes and holiday rentals and releasing more land are all measures being considered to address the current housing crisis according to the industry.
Read More » -
Rate Hike? Aussie property market says ‘No problem’ as price rebound continues
The Reserve Bank’s decision to lift the cash rate in May has not dampened the nation’s house price rebound with both PropTrack and CoreLogic reporting strong growth for the past three months.
Read More » -
Inflation rises as RBA boss suggests sad solution to rental crisis
In a shock few experts saw coming, inflation has risen to almost 7 per cent in April, with higher petrol prices fuelling the increase.
Read More » -
The Sydney suburbs tipped to see values rise
With home prices rebounding across Sydney in recent months, a number of high-profile suburbs including Kogarah Bay, North Bondi and Paddington are tipped to see even more growth according to a new report.
Read More » -
Rental affordability at the worst level in 8 years
Surging immigration and fewer people per home has seen rental affordability fall to the lowest level in eight years according to a new report.
Read More » -
Cashback offers for refinancers ‘dropping like flies’
The surge in refinancing as borrowers attempt to combat the Reserve Bank of Australia’s (RBA) hiking cycle is putting pressure on lenders with cashback offers getting slashed.
Read More » -
Capital city auctions record highest clearance rate in more than a year
The combined capital cities have recorded their highest preliminary auction clearance rate since November 2021, with 75.9 per cent of properties selling under the hammer last week.
Read More » -
Covid fallout to cause supply shortages for another two years
The impact of COVID-era policies is likely to lead to a lack of housing supply for the next two years according to new research.
Read More » -
Bank of Mum and Dad prepared to give kids $33,000 to buy a home
The bank of Mum and Dad has long been the way many first-home buyers get into the market and a new report has found that parents are prepared to give their kids $33,000 to get them into a property of their own.
Read More » -
Top takeaways AREC 2023 – Day 2
Day 1 at AREC 2023 was a tough act to follow, but Day 2 certainly turned up the inspiration, motivation and real life impact of digging deep and committing to your goals. Olympic gold medallist and media personality Caitlyn Jenner gave an insightful reflection on her sporting career and the impact believing in yourself can have, while former think tank…
Read More » -
How to apply Grant Cardone’s number 1 rule for success
In a world where success can be elusive and multifaceted, a single rule emerges as the key ingredient to achieving your goals: showing up.
Read More » -
Rising home prices might see listings increase
If the current growth in home prices continues, listings could increase by two per cent this year, according to an expert.
Read More » -
Top takeaways from AREC 2023 – Day 1
More than 4000 real estate professionals packed the Gold Coast Convention and Exhibition Centre yesterday for Day 1 of AREC 2023. This year’s headline speaker was Oscar-winner and Hello Sunshine Founder, Reese Witherspoon who revealed the power of storytelling and connecting with people is the most powerful marketing tool of all, whether your in movies or real estate. Here are…
Read More » -
Elite Agent timeline: What’s happening in the Metaverse?
Once a red-hot trend capturing the imagination of investors and tech enthusiasts alike, the metaverse is now experiencing a downturn in interest and demand.
Read More » -
Proposed rental laws in Queensland threaten to drive landlords out of market
More than 80 per cent of Queensland landlords would consider selling their investment properties if proposed changes to rental laws come in, a new survey has revealed.
Read More » -
DUO: the AI tool doing your prospecting for you
Revolutionising Real Estate: DUO Technology Powered by Propic AI Delivers Hot Leads and Transforms Sales for Agents!
Read More » -
Victorian Government considering rent caps
Victorian Treasurer Tim Pallas has let slip that the State Government is considering rent caps, just days after it hit investors with new taxes set to cost thousands of dollars a year.
Read More » -
Are New Zealand’s interest rate hikes over?
The New Zealand Reserve Bank has shocked economic and property experts this week, raising the cash rate 0.25 per cent while indicating the next interest rate move will likely be down.
Read More » -
New Zealand homeowners feel the pain as loss-making resales spike
Properties reselling at a loss have reached a seven-year high in New Zealand as the impact of higher interest rates continues to hit homeowners.
Read More » -
Victorian Budget sparks outrage: Industry bodies warns of investor exodus and soaring rents
The Real Estate Institute of Victoria has slammed the Victorian Budget as a blatant money grab that will see property investors flee the market and cripple tenants with higher rents.
Read More » -
Brisbane homeowners spend the most to renovate their homes
Brisbane has emerged as the leading location in the country for home renovations, with new research finding homeowners in the Queensland capital spent $880 million on home improvements in 2022.
Read More » -
First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too much for a home, according to a leading auctioneer.
Read More » -
Surging immigration sees share of cheap rentals plummet
Conditions for renters continue to go from bad to worse, with new data showing that surging immigration has pushed the share of rentals listed for under $400 per week to fall to a record low 16.2 per cent.
Read More » -
Cliff-hugging Tasmanian property named home of the year
A stunning Tasmanian home that has been labelled “a once-in-a-lifetime build”, has been named the Housing Industry Association (HIA) CSR 2023 Australian Home of the Year.
Read More » -
Little town, big sensation: Victoria’s most affordable property sparks a frenzy
A derelict property in a tiny Victorian town has created a frenzy.
Read More » -
90 per cent of NSW teachers can’t afford to live where they teach
The surging cost of housing over the past decade has led to teachers being unable to afford a home in the same location that they teach in according to new research.
Read More » -
Call to cut refinancer stress test to let borrowers out of mortgage prison
Australia’s leading financial comparison site, RateCity, has called on the Australian Prudential Regulation Authority (APRA) to lower its stress test for refinancers.
Read More » -
New study finds low interest rates lock first home buyers out of property market
Long periods of low interest rates are responsible for locking many first home buyers out of the property market, new research shows.
Read More » -
Listings up 5.6 per cent compared to last year
Property listings experienced their traditional lull during April, however, in positive news for homebuyers, they are now higher than the same time last year.
Read More » -
South Australia’s top performed locations likely to see more growth
The South Australian property market has defied the national downturn, with a host of well performing suburbs set for more growth, according to new figures.
Read More » -
PropTech funding climate shifts as market conditions improve
The funding market for PropTech companies is experiencing a positive shift, making it easier for businesses to access capital, according to an expert.
Read More » -
New social media platform Boa connects business owners
A new social media platform that will help business owners connect, network, grow their businesses and seek advice from their peers has launched.
Read More » -
Is the new home sales market turning around?
New home sales have risen 6.8 per cent, with industry experts hinting the market could be starting to rebound
Read More »