INDUSTRY NEWS
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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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REIQ: Queensland rental reforms are “unworkable”
The Real Estate Institute of Queensland (REIQ) has warned new rental reforms currently before parliament are extreme, unnecessary and unworkable.
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Architectural gem hits the Sydney auction market
One of Sydney’s most unique homes, a cantilevered architectural gem high above Middle Harbour, will go to auction next month with a price guide of $10 million to $11 million.
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New virtual reality technology to preview homes before they’re built
New virtual reality (VR) technology has been released that allows people to preview homes before they are built using just their floor plans.
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The Sunshine State tops the list for investors chasing yield
Queensland is shaping up as a top investment location for investors searching for a combination of high yields and growth potential.
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Australia one of the world’s happiest countries
Australia has been named the 10th happiest country in the world, according to the World Happiness Report 2024.
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Sydney ranks fourth in global super-prime property sales surge
Sydney’s super-prime residential property market is proving buoyant, with the city coming in fourth on the latest Knight Frank rankings for that market sector. According to the Global Super-Prime Intelligence Q4 report, the NSW capital city recorded 42 sales in the super-prime market in the final three months of 2023. The super-prime market comprises residential sales above US$10 million and…
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New tech creates professional 2D floor plans in 5 minutes
Listing Loop, a leading Australian PropTech that’s streamlined the property transaction journey with an all-in-one platform, has launched FloorPlan AI, a game-changing new floor plan technology.
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Numbers ‘not adding up’ for New Zealand investors
Despite rising rents in New Zealand, investor yields are still lagging behind mortgage repayments, forcing ‘Mum and Dad investors’ to reach into their own pockets to make up the shortfall.
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Unlocking Australia’s future: embracing housing density for affordable living
Australia needs to embrace greater housing density, particularly in the capital cities, as a means to combat the housing affordability crisis.
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Stamp duty is holding us back from moving homes – we’ve worked out how much
If just one state of Australia, New South Wales, scrapped its stamp duty on real-estate transactions, about 100,000 more Australians would move homes each year, according to our best estimates.
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The power of praise: Unlocking leadership with Ray White
You must be prepared to praise your teams if you want to develop leadership was the message coming out of Ray White’s inaugural Leadership Week on the Gold Coast.
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Rental bond subscription service to save tenants thousands and property managers time
A new subscription rental bond service has been launched that has the potential to save tenants thousands of dollars as well as ease the demands on property managers.
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Interest rates on hold as RBA says economic outlook remains ‘uncertain’
The Reserve Bank of Australia has opted to keep interest rates on hold at 4.35 per cent at its March meeting, highlighting that the economic outlook remains uncertain, despite a recent drop in inflation.
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NAR agrees to $418 million settlement in US commission case
The National Association of Realtors (NAR) has agreed to a US$418 million legal agreement that could see agent commissions in the US slashed.
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Busy start to 2024 with new listings surging in February
Capital city activity surged with the busiest February for new listings on realestate.com.au in over a decade, according to the PropTrack Listings Report February 2024, released today.
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Interest rates to stay on hold despite drop in inflation
Despite lower than expected inflation, economists don’t expect the Reserve Bank of Australia to cut interest rate before September.
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WA Rent Relief Program pays out $1 million in three months
Struggling WA renters have received more than $1 million as part of the State Government’s Rent Relief Program.
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Richardson & Wrench scoop the pool at major awards night
Richardson & Wrench’s real estate network has swept the board in the 2024 RateMyAgent Awards, with its agents and offices across Australia winning more than 20 accolades for exceptional client service, standards, and satisfaction.
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Distressed listings fall in all capital cities
The number of distressed listings has fallen substantially over the past year, as mortgage holders weather the interest rate storm and look forward to potential cuts later this year.
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Vacancy rates drop again to a record low 1.07 per cent
The rental crisis is showing no signs of easing just yet, with new data finding that the national vacancy rate has fallen to a record low of 1.07 per cent.
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Council takes legal action on what could be the world’s worst home
A UK council has taken legal action against a homeowner with a derelict property where vegetation grows inside.
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Sail away to your own slice of paradise on Victor Island
If you’ve ever wanted to own an island in the Whitsundays, now is your chance with Victor Island officially on the market.
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National median house and unit prices continue to rise
National house prices have tipped over the $1 million mark after a strong quarter of growth right across the country.
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One-in-four eastern state homes paid for with cash
More than $120 billion worth of property was purchased in Australia’s eastern states with cash in 2023.
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WA and Queensland renters in a world of pain
Western Australia and Queensland now lead the nation when it comes to rental hardship, according to the latest Rental Pain Index.
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First National Port Stephens resurrect the famous ‘Chopper Ball’ for charity
First National Port Stephens has relaunched the famous “Chopper Ball” and has raised $62,016 to help support the work of the Westpac Helicopter Service.
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What sellers want in a real estate agent
Today’s sellers want a real estate agent that will work hard to get the best outcome for them and who is confident they can achieve the best price.
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Japanese garden oasis for sale in the heart of Horsley Park
One of Australia’s most unique properties, featuring its own Japanese-style gardens, with pontoons and bridges has hit the market in Sydney.
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Four years later: How Covid changed housing trends
In the four years since the onset of Covid, the housing market has seen prices surge 32.5 per cent according to new analysis.
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Andre Agassi inspires Ready24 attendees to redefine success
More than 1000 real estate professionals packed Royal Randwick today for Ready24, eager to level up and further their careers by downloading knowledge from some of the best speakers from here and overseas.
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REA Group’s Ready24 raises $400,000 for charity
Ready24 has returned for another year, with the sold-out event set to raise over $400,000 for community organisations working to end homelessness.
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Modular construction and airspace development form part of plant to ease housing crisis
Building homes with more modular and prefab construction, along with using airspace over existing buildings for new development are among a nine-point plan the Property Council of Australia has announced to solve the nation’s housing crisis.
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High-income households rent more, low-income renters face greater stress
The number of high-income households who choose to rent is on the rise, while lower-income renters are under more financial stress than ever before.
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Tenants union calls for empty home levy in Tasmania
The Tenants Union of Tasmania has called for an empty home levy after discovering almost 1000 homes were left empty in the state last year.
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