INDUSTRY NEWS
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One in five first-time buyers considering crossing the border to enter property market
First-time homebuyers are increasingly looking outside their own back yards in an attempt to get a foothold in the property market, with many considering purchasing interstate, according to new research from comparison site Finder.
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Why ‘Pay On Success’ is a real estate game-changer for you and your vendor
As an agent, you know selling a home is a rewarding experience, however discussing the upfront costs for the marketing budget with your vendor always creates some friction in your otherwise streamlined process.
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Openn season: Reserve prices smashed using online negotiation platform
Reserve property prices are continuing to be smashed around the country, as Australia’s surging property market continues to exceed expectations due to pent-up buyer demand.
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Reserve Bank Board maintains current policy settings and leaves official cash rate on hold
As had widely been expected, the Reserve Bank Board opted to leave the official interest rate on hold at its meeting today, with the official cash rate remaining at the historic low of 10 basis points.
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CoreLogic data reveals busiest Easter auction week on record
The weekend before the four-day break helped make for the highest-volume week of auctions in three years, but that didn’t stop buyers and sellers coming out in droves over the weekend for the busiest Easter week of activity on record.
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Balancing act: How do you expand regional centres without destroying their character?
With massive population growth in the regions over the past year, ensuring regional areas can sustainably expand without losing the character that made them attractive in the first place is often a difficult balancing act.
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Gumdale auction result beats previous record for Brisbane suburb by $2m
A recent auction in the outer-Brisbane suburb of Gumdale has blown the previous record for the postcode out of the water, selling under the hammer for more $5.05 million.
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Expats are coming home to boost Australia’s already-soaring property market
Well-heeled expatriates returning to Australia are helping drive the nation’s booming property market to new highs, according to the Property Investment Professionals of Australia.
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Good Friday Appeal Charity Auction sets new record
The hammer has fallen on this year’s Good Friday Appeal Charity Home Auction in Victoria, with the fully furnished Vogue 34 Henley home at Rathdowne Estate setting a new record of $903,000.
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CoreLogic national home value index rises at fastest rate in more than 30 years
CoreLogic’s national home value index rose by 2.8 per cent in March, the fastest rate of appreciation in more than 30 years.
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How deep are your pockets? Bee Gee Robin Gibb’s former home is on the market
The Long Island waterfront home where Bee Gee Robin Gibb lived in the 1970s and ‘80s is back on the market, but it will set you back a whopping $17 million.
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Perth properties selling at fastest rate in 15 years
Properties in Perth are selling at a faster rate than they have for 15 years, according to Real Estate Institute of Western Australia data for March.
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Darwin property market to fire up after $5 billion gas field announcement
There is plenty of competition in the pipeline for the Darwin real estate in 2021 and beyond after the announcement of a significant offshore gas development near the Northern Territory's capital.
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Capital works funding injection a shot in the arm for NSW social housing
The Community Housing Industry Association NSW has welcomed the Berejiklian Government’s announcement of $40 million in stimulus funding to upgrade social housing in the state.
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Lisa Pennell appointed Harcourts Australia chief operations officer
Building on its reputation as one of the nation’s leading franchise groups, Harcourts Australia has just announced the appointment of Lisa Pennell to the newly created role of Chief Operations Officer for the country.
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PRD Annual Awards a triumph over adversity
PRD Australia triumphed over adversity to acknowledge the achievements of the network’s top performers over the weekend, with attendees gathering in locations across three states for a hybrid in-person and live-streamed event.
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Building approvals soar across the nation
New Australian Bureau of Statistics data shows the number of building approvals across the nation skyrocketed in February. According to the ABS data released today, the number of dwellings approved rose 21.6 per cent in February, seasonally adjusted, after falling 19.4 per cent in January. ABS Director of Construction Statistics Bill Becker said approvals for private houses had increased 15.1…
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REIA welcomes end of moratorium on rental evictions
The Real Estate Institute of Australia (REIA) has welcomed the end of rental eviction moratoriums in many states but has urged landlords and tenants to keep the lines of communication open.
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The CEO Magazine announces new Real Estate Executive of the Year award
The CEO Magazine has just announced applications are open for its annual Executive of the Year Awards, and this year the publication has announced a series of new categories, including one aimed specifically at real estate industry leaders.
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Why isn’t there a big increase in tiny house living?
Heather Shearer, Research Fellow, Cities Research Institute, Griffith University and Paul Burton, Professor of Urban Management & Planning and Director, Cities Research Institute Griffith University, contributed this article to The Conversation. The original title was Loving the idea of tiny house living, even if you don’t live in one.
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Capital city CBD occupancy rates on the rise
The latest Property Council of Australia office occupancy survey has revealed more workers are returning to capital city CBDs, with figures showing Melbourne, Sydney and Perth recorded a rise in occupancy levels in March.
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New report reveals growth in property values throughout Queensland
The Real Estate Institute of Queensland’s latest quarterly data on the state’s property values has confirmed something market watchers are already well aware of - prices are rising in almost every region across the state.
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HTW property clock reveals Melbourne, Sydney and Sunshine Coast on the rise
Herron Todd White have released their monthly property clock and unsurprisingly, Melbourne is one of the markets forecast as being on the way up, officially swinging to 'rising market' status.
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Christian Hamilton to head Harcourts Australia’s new national auction team
Harcourts Group Australia has announced the expansion of its auction training and support program.
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Rex’s visual dashboards provide valuable sales insights at a glance
Rex Software has launched a new series of live visual dashboards, designed to provide 'at-a-glance' insights into where your next sale could come from.
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CoreLogic forecasting third-busiest auction week since 2008
Following a solid week of activity last week, CoreLogic is forecasting this week to be the third-busiest week for auction volumes across the combined capital cities since it began collecting auction data in 2008. There are 3380 properties scheduled to go under the hammer across the combined capital cities this week, which represents a 43 per cent increase on last…
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Receivers release second batch of Mission Beach properties
Prospective buyers looking for a tropical sea change are in luck, with a variety of houses and vacant lots in the tropical village of Mission Beach, in far north Queensland, hitting the market.
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Homecorp secures ANZ to fund Gold Coast build-to-rent project
As the Gold Coast experiences one of the tightest rental markets in its history, construction has started on the city’s first dedicated build-to-rent project, with Homecorp Property Group securing ANZ as senior funder.
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Andy Reid handed the hammer for Good Friday Appeal charity auction
After 13 years at the helm of the annual Good Friday Appeal Charity Home auction, Real Estate Institute of Victoria’s Master Auctioneer and four-time winner of the institute’s Senior Auctioneering competition Adrian Butera is handing over the hammer.
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Ocean Grove home sells for $123k above reserve in Openn Negotiation
Online sales methods are still a relatively new concept for buyers in Victoria’s Ocean Grove market but a recent sale in the area attained $123,000 above its reserve price after listing through Openn Negotiation.
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CoreLogic report shows more gain than pain for resales in December quarter
There was an increase in the profitability of Australian real estate in the three months to December 2020, with almost 90 per cent of sales resulting in a gain, according to the latest CoreLogic Pain and Gain quarterly report.
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Forms Live commits to Victorian Rental Tenancies Act updates
Forms Live - Victoria's most experienced provider of online digital forms to the real estate industry - has confirmed its property management forms and contracts have been updated and will be compliant with the changes to the Victorian Rental Tenancies Act that come into effect on Monday, March 29.
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Better Homes and Gardens grows QLD presence with Beerwah office
After launching the first Queensland-based Better Homes and Gardens Real Estate office in November 2019, Danelle Wiseman and Jonathan Pattinson have opened their second office in the Beerwah, in the Sunshine Coast hinterland.
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Eview Group’s Melbourne growth continues
Eview Group's mammoth growth continues, as the network expands their reach across the North Melbourne property market with the addition of a new brand.
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UrbanX marks the spot for Gavin Croft’s latest role
Experienced real estate industry executive Gavin Croft has been appointed Director of Growth at UrbanX, a support platform for high-performance agents wanting to create their own brands.
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