INDUSTRY NEWS
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Vacancy rates rise, but no relief for renters
The national vacancy rate has seen a modest increase in March, but renters are still under extreme pressure according to new data.
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Connectnow to enhance the moving experience for more tenants
Leading utilities connection service, connectnow, has partnered with next-gen property management platform Managed, to enhance the home moving experience for Australian tenants and home buyers.
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Landlords must prepare for ESG scrutiny in asset valuations
Landlords will need to prepare for more questions from valuers about an array of different Environmental, Social, and Governance (ESG) elements for assets, following changes to the International Valuation Standards (IVS).
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WA and QLD renters under extreme pressure
Life is not getting easier for renters with new data showing that tenants in Western Australia and Queensland are experiencing the worst rental conditions in the country.
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Build-to-rent lift-off won’t solve the housing crisis
Build-to-rent continues to gather momentum in Australia, but it is unlikely to be the housing crisis saviour, according to the Real Estate Institute of Australia (REIA).
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Perth house price rises 2.5 per cent to hit a new record
Perth’s median house sale price has hit a new record, rising 2.5 per cent to $620,000 in March.
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The Block property listed for auction with surprise $1 reserve price
The luxurious home sisters, Eliza and Liberty, renovated on The Block 2023, has been listed for auction with a reserve price of just $1.
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National rents remained relatively stable in March
Despite record-low vacancy rates across the country, rents remained relatively stable in March according to new data.
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Transforming the lives of refugees with homes in Australia
Property manager Sharon Burke doesn’t just help tenants find homes, she helps refugees start new lives in Australia.
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Regional Queensland leads the property price surge
Regional Queensland has recorded the highest growth in the country in the past four years, with prices rising 66.5 per cent.
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Number of ‘million-dollar cities’ hits a new record in the US
The number of US cities where the typical home value exceeds $1 million has reached a record 550, according to new figures.
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Is this NSW’s cheapest home?
It’s not often you hear the phrase “cheap as chips” in real estate, but that’s exactly how the listing description describes a house in outback NSW.
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Slow start for New Zealand property prices in 2024
The average value of a property in New Zealand had risen to $934,806 following a 0.5 per cent increase in the CoreLogic House Price Index in March.
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The roaring regions: affordable havens for first-home buyers
Australia is now officially a “million-dollar country”, with a median capital city house price of $1.005 million, but there are still some council areas where first-home buyers have a shot at owning their own home.
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Audience embraces a new view as View.com.au’s popularity soars
New Australian property portal view.com.au’s audience has more than doubled in just five months, according to new data.
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Property prices hit a new record in March
National property prices have hit a new record, rising .34 per cent in March to sit at a median $768,000.
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Cashed up investors to capitalise on rising prices
The resurgence in property prices has continued across the country, and investors are well positioned to capitalise on further growth according to the latest Herron Todd White (HTW) Month in Review.
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Buyers pay more for decked out backyards
Buyers are prepared to pay more for homes with backyards decked out with the latest ‘on trend’ features, according to new research from Zillow.
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Women’s home buying resilience outshines singles market dip
The number of single people purchasing homes is falling, but becoming more evenly matched by gender.
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NSW has more than 40,000 unused ‘ghost homes’
In the midst of the escalating NSW housing crisis, startling figures have emerged, revealing a vast number of 'ghost homes' lying unused across the state.
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Inflation remains steady, but rate cut hopes remain
The Consumer Price Index (CPI) remained unchanged at 3.4 per cent in the 12 months to February, however, experts believe rate cuts are still coming.
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Sydney’s cost of living stifling investment
Sydney’s high cost of living is holding it back as an investment hub, despite being one of the top locations for tech startups and innovation according to a new report.
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A property manager’s rapid response brings tenant comfort after robbery
When a call came through to property manager Kat Byrne’s after hours number she was anticipating a potential maintenance issue but not a distraught tenant who’d just been burgled on the other end of the line.
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Darwin property market on the cusp of major growth
Interstate investors are starting to pay attention to Darwin’s property market, potentially leading to the next growth phase according to an expert.
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Australian property market sees a surge in profitability
Even though transaction volumes increased at the end of 2023, the level of loss-making sales dropped to just 5500, according to the latest figures.
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Kolmeo now integrates with Inspection Express
Property management software provider Kolmeo now integrates with Australia’s premier inspection tool, Inspection Express.
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First National celebrates its best performers
First National Real Estate has highlighted its best performers across the country in its state-based General Excellence and Marketing Awards, with one incredible agent scoring the Number 1 Salesperson of the Year for the seventh time.
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Calls to extend first home owner grant to established homes in WA
The Western Australian government needs to extend the First Home Owner Grant (FHOG) to established homes to help ease pressure on the construction industry and get more young people into their own property.
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Canadian landlords call for “automatic eviction” rights
Landlords in Ontario, Canada, have launched an online petition calling for the “automatic eviction” for tenants who don’t pay rent.
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Mum and dad builders targeting affordability and liveability
Mums and Dads looking to build a home in Victoria are increasingly targeting the “sweet spot” between location and affordability according to new research.
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Australia’s only two-storey beach box up for grabs
What's believed to be Australia’s only two-storey beach box is up for grabs on the Mornington Peninsula, boasting exclusive water views out to the city skyline.
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Buyers and renters are increasingly worried about energy costs
The cost of living crisis is forcing both home buyers and renters to pay more attention to energy-efficient homes according to a new survey.
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McGrath to sell to Knight Frank and Bayleys
John McGrath has struck a deal to sell McGrath Limited to Knight Frank and Bayleys, in a move that would also see the company delisted from the ASX.
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Compass settles commissions law suit
Compass has agreed to a US$57.5 million settlement to resolve class-action lawsuits alleging the company, along with other brokerages and trade groups, engaged in anticompetitive practices to inflate agent fees.
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Australia’s property market buckles as immigration hits a 70-year high
The Australian housing market is being put to the test after a record 765,900 new overseas arrivals landed in the country in the 12 months to September.
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