INDUSTRY NEWS Archives

Rowan CrosbyJune 21, 2024

Mortgage arrears hit three-year high

Borrowers are increasingly falling behind on their mortgage repayments with arrears hitting a three-year high.

Rowan CrosbyJune 21, 2024

Sabrina Gao heads up Ray White Lower North Shore’s China desk

Ray White Lower North Shore has enhanced its Chinese connection with a new full-service desk led by Sabrina Gao.

Rowan CrosbyJune 20, 2024

Handling the death of a tenant with compassion

Death is something that touches us all and property managers can at times find themselves confronted with the death of a tenant.

Rowan CrosbyJune 20, 2024

Calls to cap the number of short-term rentals

There is a new call to cap the number of Airbnb-type properties, with new data showing that 74 per cent of new housing supply heads straight to the short term rental market

Kylie DulhuntyJune 20, 2024

Record Real Estate of Origin for Ray White Group

Ray White agents across Australia and New Zealand have booked 10,141 appraisals at the 15th Real Estate of Origin event, with friendly rivalry fuelling the success.

Kylie DulhuntyJune 20, 2024

Harcourt’s icy plunge raises $10,000 for MND

Harcourts Ulverstone & Penguin team members have taken an icy trip down the town’s water slide to raise more than $10,000 for Motor Neurone Disease.

Kylie DulhuntyPartner ContentJune 20, 2024

View Media Group partners with Century 21

View Media Group has joined forces with Century 21, in a strategic partnership designed to shake up digital marketing in the real estate sector.

Kylie DulhuntyJune 20, 2024

Property prices to hit new records in new financial year

Property prices will continue to rise in the coming financial year, with Sydney’s house prices set to more than double Perth’s.

News RoomJune 19, 2024

REA Group acquires remaining interest in Realtair

REA Group has now acquired full ownership of Australian PropTech, Realtair.

Rowan CrosbyJune 18, 2024

NSW State Budget plans for 30,000 new homes

NSW Treasurer Daniel Mookhey has handed down this year's state budget, with a focus on building more homes and measures to help to manage the ongoing housing crisis.

Kylie DulhuntyJune 18, 2024

RBA keeps cash rate on hold at 4.35 per cent

The Reserve Bank of Australia has kept the cash rate on hold at 4.35 per cent at its June meeting, but hasn’t ruled out a further hike if sticky inflation continues to persist.

Kylie DulhuntyNews RoomJune 18, 2024

MRI Software partners with CBA on reimagined payments solution

Commonwealth Bank of Australia (CBA) has unveiled a strategic collaboration with MRI Software to enhance the residential real estate sector's payment processes.

Rowan CrosbyJune 18, 2024

Housing affordability is getting worse in WA

Home prices in Western Australia aren’t looking as cheap as they used to be, with new data showing that affordability has declined again.

Nerida ConisbeeJune 18, 2024

Nerida Conisbee: Shouldn’t we already be in recession?

An interesting global study was recently released by the International Monetary Fund (IMF,) which looked at how sensitive countries were to monetary policy based on their housing markets.

Rowan CrosbyJune 17, 2024

Ray White Queensland partners with the Brisbane Lions

Ray White Queensland has kicked off a three-year partnership with the Brisbane Lions, becoming their official real estate partner.

Kylie DulhuntyJune 17, 2024

Many experts tip first rate cut in July 2025

Economic and property experts have unanimously tipped the Reserve Bank of Australia will keep the cash rate on hold at its June 18 meeting, but almost one-in-five say a rate cut won’t come before July next year.

Rowan CrosbyJune 17, 2024

Mortgage cliff not finished yet

Life is not expected to get any easier for thousands of borrowers, with the last of the fixed-rate customers expected to see their rates rise substantially.

News RoomJune 17, 2024

Richardson & Wrench Crows Nest gears up for growth

Property sellers in Crows Nest can now stay one step ahead of market trends and capitalise on property values thanks to the new owners of local estate agency Richardson & Wrench Crows Nest.

Rowan CrosbyJune 17, 2024

Brisbane’s industrial market sees rising vacancy as supply comes online

Supply is rising in Brisbane’s industrial market leading to an increase in vacancy rates according to new research.

Kylie DulhuntyJune 14, 2024

Population growth outstrips housing supply

Australia’s population growth is outstripping housing supply, with net overseas migration driving the rise in residents.

Rowan CrosbyJune 14, 2024

Cash rate to remain on hold, but next move is down

The RBA is set to leave the cash rate on hold at 4.35 per cent at next week’s RBA meeting, but the next move will be a cut according to a major bank.

Rowan CrosbyJune 14, 2024

Property managers urged to put their wellbeing first

Property managers need to prioritise their well-being amidst the tough conditions the industry is facing.

Kylie DulhuntyJune 13, 2024

Amazon to invest extra $1.4 billion in affordable housing

Amazon will invest an extra US$1.4 billion in its Housing Equity Fund, which is aimed at creating or preserving affordable housing in regions with major corporate offices.

Kylie DulhuntyJune 13, 2024

Our top picks from the AREC 2024 Expo Hall

The Expo Hall at AREC is always a hit with principals, agents, and property managers, and this year was no different. Attendees were spoilt for choice, whether seeking cutting-edge solutions to streamline property management or fresh strategies to boost sales leads and listings. Innovation was in full swing, networking was buzzing, and many exhibitor stands enticed visitors with treats like…

Kylie DulhuntyJune 13, 2024

Australian’s ‘thriving’ in life but stressed at work

Australians and New Zealanders have reported “thriving” in life despite many being stressed at work and actively looking for a new job.

Kylie DulhuntyJune 13, 2024

Seller confidence surges: new listings up 6.5 per cent in May

Seller confidence is returning to the real estate market, with new listings up 6.5 per cent in May.

Rowan CrosbyJune 13, 2024

Microsoft removes listing data from Bing Real Estate

Bing Real Estate has come under fire for allegedly listing properties sourced directly from Zillow, Redfin and Realtor.com.

Rowan CrosbyJune 13, 2024

Agents need to ‘stand for something’

Agents must “stand for something” if they want to separate themselves from the pack was the message coming out of Ray White’s Ready SET Go training in Brisbane

Kylie DulhuntyJune 12, 2024

National median house price up 7.6 per cent

The national median house price has risen 7.6 per cent in the past 12 months to $1.026 million, according to the latest data.

Kylie DulhuntyJune 12, 2024

REIQ: Why the State Budget is a ‘mixed bag’

This week’s Queensland Budget delivers a “mixed bag” for housing and small business, despite the largely positive increase to the stamp duty threshold for first-home buyers, according to the state’s peak real estate body.

News RoomJune 12, 2024

Landlord ordered to compensate drug-growing tenant

A New Zealand landlord has been ordered to compensate a tenant $10,000, despite the tenant's involvement in illegal cannabis cultivation on the property.