INDUSTRY NEWS
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The power of putting community first
For the G.J. Gardner Homes Shoalhaven team, supporting local communities is just good business.
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Homebuyers borrow more than ever but the market may be slowing down
The volume of new home loans fell last month, but when buyers do take on a mortgage they're borrowing more money than ever.
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Megan Jaffe brings Ray White back to Ponsonby
High-profile owner of Ray White Remuera, Megan Jaffe and her business partner Thomas Farmer, continue to build on their success in New Zealand with the opening of Ray White Ponsonby.
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Transforming prospecting: Laing+Simmons debuts new agent training academy
Laing+Simmons has launched a new training program set to supercharge agent’s lead conversion rates and generate more listings and sales.
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Mixed bag of rental distress across Australia
Rental distress is easing in some areas but rising in others, but the impact of high rents remains a vital issue, affecting tenants nationwide.
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Vacancy rates rise again in the capital cities
Pressure is slowly starting to ease for struggling tenants, with new data showing the national vacancy rate is on the rise.
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Perth agent’s gas mask video goes viral
A Perth real estate agent has gone viral for his unique marketing of a rundown house with a fully functional grow room.
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Perth rents unchanged for the fourth month in a row
Perth renters are slowly starting to see conditions ease, with rents remaining unchanged for the fourth straight month.
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A platform to inspire and empower women
Taking home the title of Most Influential Woman in Property at last year’s REA Excellence Awards was more than just a personal triumph for Sarah Hackett, Managing Director and Co-founder of Place Estate Agents.
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Laing+Simmons equip property managers with domestic violence training
Laing+Simmons have equipped their property managers to deal with domestic violence situations through a training session facilitated by the KYUP! Project.
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Keystart limits increased in WA to reflect changing buying conditions
The Real Estate Institute of Western Australia (REIWA) has welcomed the State Government’s increase to the Keystart property price and income limits.
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Brisbane penthouse fetches $4.1 million at luxury apartment complex
One of two penthouses at one of southwest Brisbane’s most anticipated developments has been snapped up just weeks after launching.
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Capital city unit rents quickly catching up to houses
The gap between weekly house and unit rents has narrowed to just $30 across the combined capital cities.
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Charles Caravousanos and David Walker expand to the Northern Beaches
Leading operators, Charles Caravousanos and David Walker from Ray White Upper North Shore are looking to expand on their success with the launch of Ray White Northern Beaches.
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REIA urges home buyers to use the Home Guarantee Scheme
The Real Estate Institute of Australia (REIA) is calling for home buyers to make the most of 50,000 new places available under the Australian Home Guarantee Scheme (HGS).
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Real estate credit is now Australia’s number one investment class
The private real estate credit market is now Australia's number one investment class by annual investment volume according to a new report.
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Young people hate making phone calls – could it be hurting their careers?
Ironically, younger generations are using smartphones for anything but actual phone calls.
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Rental prices start to stagnate as conditions ease
There has been some positive news for tenants, with the latest Domain Rent Report revealing rental prices are either falling or stagnating across the capital cities.
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Retirement villages could boost housing for older Australians
Retirement villages are a significantly cheaper housing option for older Australians and they could also help free up homes for younger generations according to the industry.
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Proposed minimum standards could have dire impact on rental ecosystem
The Real Estate Institute of Victoria (REIV) has called on the State Government to phase in new minimum rental standards and offer landlords financial incentives to avoid destabilising an already strained rental market.
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Borrowers stuck in ‘mortgage quicksand’
One in eight borrowers is stuck in 'mortgage quicksand' after extending their loan term in a bid to reduce their repayments.
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The number of million-dollar suburbs set to surge
Nearly 100 new suburbs are set to join the million-dollar club after the recent surge in house prices according to new analysis.
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Tarneit leads nation as the ‘greenest’ suburb for solar installation
Tarneit, in Melbourne’s western growth corridor, is emerging as one of the nation’s leading suburbs when it comes to renewable energy adoption.
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Property values hit new record in 2023-24 financial year
Australian property values soared 8 per cent in the 2023-2024 financial year, overcoming a significant slump from the year before.
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Realestate.com.au raises the bar for top properties with Luxe
Property portal realestate.com.au has launched a new premium listing product, Luxe, which is designed to raise the profile of top properties that need to stand out.
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The Studio Estate Agents expands into Quakers Hill, enhances service coverage in Blacktown areas
The Studio Estate Agents, a trailblazer in real estate services, proudly announces the opening of their second office in Quakers Hill.
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Zillow, Redfin facing video privacy lawsuits
US-based, Zillow and Redfin are facing class action lawsuits over their alleged use of secret tracking pixels on their websites for video home tours.
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Early signs of relief as rents finally decline
There are finally some early signs of relief for tenants, with capital city rents declining and vacancy rates creeping up according to new data.
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Knight Frank and Bayleys complete McGrath acquisition
Knight Frank and Bayleys have completed their acquisition of McGrath Limited and announced a new board of directors to lead the group.
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Queensland property continues its impressive run
Property prices across Queensland continue to go from strength to strength and it’s forcing home buyers to think laterally to get into the market.
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Cathie Crampton heads back to Belle Property
Cathie Crampton has been named Head of Property Management Growth and Performance and will be looking to grow the division and improve profitability.
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Property manager saves elderly tenant from eviction and despair
When an elderly tenant called to say he couldn’t afford rent or food, Ray White Maroochydore Property Manager, Kayla Johnson, knew she had to do something.
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Slim pickings for buyers with less than $750,000
The constant surge in house prices across the country is making life difficult for buyers according to the latest Herron Todd White (HTW) Month in Review.
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Inflation jump could spark interest rate rise
A 14th cash rate hike is once again on the table, after the monthly inflation rose to 4 per cent in May.
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Property gains hit a 14-year high
Homeowners are cashing in on the back of rising prices, with profitable resales reaching the highest level since July 2010 according to new data.
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