INDUSTRY NEWS
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Demand for Queensland land driving prices higher in growth corridors
A major shortage of land across South East Queensland’s growth corridors has driven up prices for new lots. …
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The East Coast’s most affordable and liveable suburbs
Sydney and Melbourne are becoming opportune markets for buyers with a growing list of affordable suburbs according to a new report. …
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Auction numbers to bounce back after the Federal Election
Auction volumes are set to rise sharply this weekend following lower volumes last week as a result of the Federal election. …
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Innovators join forces: Propps and Agents’Agency strike partnership
PropTech game changer Propps has joined forces with the Agents’Agency to empower the independent real estate network’s agents with its innovative digital offer management system, driving new efficiencies for its people while enhancing the buying and selling process for its customers. …
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Cost of living pressures the leading concern for Australian voters
The cost of living, healthcare, and housing affordability are top of mind for Australians on the back of a Labor victory, according to new research. …
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AI lead generation proves its power in regional areas
Concerns over whether Ai technology could work in regional areas are very common across real estate agencies doing business there. …
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Busselton is WA’s best performing regional centre in 2022
Busselton was the top-performing regional centre across WA during the March 2022 quarter, with prices increasing 5.5 per cent to $580,000. …
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Demand for industrial space sees vacancy rate hit 10-year low
Industrial and logistics properties across the east coast of Australia are seeing record demand with vacancy rates now at a decade low. …
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QLD sellers may have to disclose a home’s flood damage history
The flood history of a property in Queensland may need to be disclosed to potential buyers under a proposed plan from the State Government. …
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Demand for Perth CBD office space continues to grow
Demand for office space in Perth continued to rise in the first quarter of 2022 according to new data. …
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NZ shows the first sign of a slowdown as profitable resales fall
The number of properties across New Zealand resold at a profit has fallen slightly in the first quarter of 2022, according to CoreLogic. …
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Federal Election puts a dampener on auctions
With the nation heading to the polls for a Federal Election at the weekend, both the auction volumes and the preliminary clearance rate felt the effect, slumping to the lowest success rate of the year. CoreLogic reported auction activity was down across all capitals, except Perth, with just 1676 properties going under the hammer in the combined capitals to record a preliminary success rate of 62.9 per cent. …
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Rising construction costs to weigh on builders and home buyers: HTW
Rising construction costs are ongoing labour shortages are putting increasing pressure on builders and new home buyers, according to the latest Herron Todd White (HTW) Month in Review. …
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Perth luxury market ‘gearing up’ for growth
Luxury property market prices in Perth are expected to soar in the second half of 2022, according to experts. …
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Tight rental conditions forcing rents higher
Tight rental conditions across the country will likely see rents continue to surge in a number of locations according to new analysis. …
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Property flipping getting tougher as interest rates and building costs rise
Flipping property has been a solid investment strategy over the past 18 months, however, a leading buyers agent warns there are now additional risks that could make the practice less profitable. …
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Headhunter-style solution for rental applications
Inspect Real Estate has released a new innovation in leasing, and already it's producing results for agents. …
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Property price growth slows across regional Australia
Property prices across regional Australia are finally starting to show signs of easing after a record run of growth according to new data. …
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Sales activity starts to slow down across Tasmania
After a record 12 months for real estate sales across Tasmania, new data from the Real Estate Institute of Tasmania shows that sales and prices are beginning to slow. …
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Who has the better first home buyer policy?
With less than a week until the Federal Election, Ray White chief economist Nerida Conisbee examines the pros and cons of both parties' first home buyer policies. …
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Strong WA economy to boost the local housing market
The latest State Budget for Western Australia has revealed a healthy local economy which should continue to boost residential house prices, according to the Real Estate Institute of WA (REIWA). …
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Rising rents put pressure on desperate tenants
Tenants battling soaring rents and tight vacancy rates have turned to "desperate measures" in the struggle to find a home, while property managers are faced with testing conditions. …
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In the final weeks of the Federal Election campaign, housing supply takes centre stage
Last night, the Liberal Party launched its Federal Election campaign in Brisbane, unveiling two new housing policies to help people buy homes if they are re-elected. First is an extension of the existing superannuation tax incentive, which allows Australians aged over 65 to sell their homes and invest an extra $300,000 per person into their super. This will now be extended to those over 55. …
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Auction clearance rate falls for fourth consecutive week
The preliminary clearance rate continues to trend lower after auction volumes rose 38 per cent this week to see 2847 homes taken to auction across the combined capital cities. …
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New listings drop during a disrupted April
Listings eased off during April as vendors hit the pause on sales campaigns with the Easter and Anzac Day public holidays causing interruptions, according to new data. …
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Integrated Rex products to help create clients for life
Rex clients will soon have access to a broader real estate eco-system, with the company announcing the integration of its existing products, along with some new additions set to arrive later this year. …
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NSW regional vacancy rates on the rise
New data from REINSW indicates record low vacancy rates across much of regional NSW are now starting to ease. …
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O*NO Legal offers first month of membership for just $1
Real estate industry clients are seeking more one-on-one support and increased accountability, according to O*NO Legal founder Kristen Porter. …
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Buyer’s agent says keep interest rate rise in perspective
The headlines may be screaming doom and gloom, but one buyer’s agent says rising interest rates aren’t all bad news and purchasers need to keep things in perspective. …
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Perth property prices hit a record high
Property prices across Perth have finally reached a new record high of $552,128, according to the latest data from CoreLogic. …
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Demand for property falls in April
Demand for property eased in April with views-per-listings and sales both lower according to new data. …
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First home buyer activity falls away in New Zealand
New Zealand's first home buyer activity has continued to decline as higher mortgage costs have started to have an impact according to a new report. …
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The Australian suburbs that are primed for price growth
Campbells Creek in regional Victoria could be ripe for property price growth, as one of a number of locations that are set to buck the trend of a cooling market. …
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Rate hikes to impact borrow capacity
Rising interest rates could see average home buyers’ borrowing capacity fall by more than $150,000, according to new research. …
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How the rate rise affected this week’s auctions
After the first rate rise in over a decade, auction volumes were down this week, with 2039 properties going under the hammer, resulting in a preliminary clearance rate of 64.7 per cent. …
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