INDUSTRY NEWS
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Rental stock levels fall to record low levels
Rental stock has plummeted to historic low levels, with population growth continuing to drive demand.
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Enhanced site experience for view.com.au
Improved homepage search, ‘see all’ functionality and buyer leads for unlisted properties are among a raft of improvements unveiled as a part of view.com.au’s new autumn campaign, which launches this week.
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Clearance rate tops 80 per cent at Ray White Surfers Paradise auction bonanza
There were huge numbers of buyers on the Gold Coast this past weekend for Ray White’s annual The Event auction day, highlighting just how much demand there is for Queensland property.
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REIA on the hunt for solutions to the regional housing crisis
The Real Estate Institute of Australia (REIA) is putting together a summit focused on finding solutions to help ease the ongoing housing crisis that is severely hurting regional Australia.
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Perth suburbs grow in value by more than 30 per cent
Perth was one of the hottest property markets last year, with the top-performing suburbs seeing growth of more than 30 per cent according to new data.
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Second ride in 2025 to raise funds for underprivileged children in Thailand
When Grant Turner puts his foot on the pedal to set out on the next Digital Live Home Hug Ride, it will be a full circle moment.
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Coastal values soar despite economic challenges
More than one-third of Australia’s regional coastal markets have property values at record highs despite multiple interest rate hikes and soaring cost of living.
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Tenants to pay landlord $3000 over cockroach dispute
A Sydney couple have been ordered to pay their landlords $3000 for vacating an inner-city property just four days into their lease, due to a cockroach issue.
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First-home buyers make a record share of property purchases
First-home buyer (FHB) activity has jumped in New Zealand, with new data showing the cohort now make 27 per cent of home purchases.
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Coastal hotspots set to see strong demand in 2024
Coastal locations continue to be in favour with buyers, with experts predicting a number of beachside suburbs across the country are likely to see solid growth in 2024.
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REIQ demands crackdown on dodgy backyard rentals
The Real Estate Institute of Queensland (REIQ) has called on authorities to crackdown on blackmarket “backyard campsites” emerging as a result of the rental crisis in the state.
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Anton Babkov steps aside as Rex Software CEO
Anton Babkov, one of the founders of Rex Software, has stepped aside as chief executive officer and will move into a board role for the real estate software provider.
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First National CEO Ray Ellis to step down
First National Real Estate has today announced that Chief Executive Officer, Ray Ellis will step down from his role at the industry’s largest cooperative brand, where he has been recognised for his abilities to innovate.
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Rents hit another record high but growth likely to slow
Tenants continue to feel the pressure of the housing crisis, with rents surging to a record high and passing $600 per week.
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Inside the Brisbane home used in Boy Swallows Universe
A trio of Brisbane homes have showcased the Queensland capital to the world as part of the hit Netflix series, Boy Swallows Universe.
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Kolmeo’s new workflow checklists to help save time and money
Property management software provider Kolmeo has launched its latest innovative feature - workflow checklists.
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US commission lawsuit takes aim at 35 agencies and industry groups
A major commission lawsuit has been filed in California that names more than 35 defendants, including the National Association of Realtors (NAR), alleging they violated federal and state antitrust laws by conspiring to inflate broker commissions.
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How do you market what is possibly the nation’s worst house?
They say you should buy the worst house in the best street and, in a brutally honest marketing campaign, Belle Property Townsville Principal Sean Breitkreutz said he’s got a home that meets that description perfectly. In an extremely blunt listing description for 7 Corveth St, Thuringowa Central, Mr Breitkreutz said the property was “surrounded by stunning homes that are beautifully…
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Over two-thirds of mortgage holders struggle to make repayments
Life isn’t getting any easier for mortgage holders, with over two-thirds struggling to make their repayments according to a new survey.
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Rising construction costs signal a return to trend
Construction cost increases have started to reaccelerate, but experts believe this is just a return to trend and not another new surge in prices according to CoreLogic.
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Developers struggle to sell off the Paris Olympic Village
Developers building the Paris Olympic Village are struggling to sell the apartments once the Games are finished, due to France's property market downturn.
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Zillow’s new feature helps renters build credit history
US real estate platform Zillow will introduce credit-building payment reporting so tenants who pay their rent on time can build a credit history and access broader financial opportunities.
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Queensland rental crisis: vacancies dip, social housing queue soars
Queensland’s vacancy rate has continued to fall, while the state’s social housing waiting list has climbed to 43,000.
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Academics say first-home buyers shouldn’t buy now
First-home buyers should be cautious about purchasing in the current market, according to academics.
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Industry leaders unite at theOne Conference: pioneering success strategies for real estate in 2024
Win January and you win then you win the rest of the year was the main message from Avi Khan at theOne Conference on the Gold Coast.
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Mathew Tiller: Property market more balanced in 2024
Increasing stock levels will create a more balanced property market in 2024, but prices will still climb, according to LJ Hooker Head of Research Mathew Tiller.
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NSW vacancy rates ease but crisis far from over
Renters across NSW have seen a slight reprieve in December with vacancy rates rising but the rental crisis is far from over according to the industry.
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Premier Chris Minns: NSW won’t meet housing targets
New South Wales Premier Chris Minns has waved the white flag and admitted the state has “no chance” of meeting its first 12-month housing target as part of the National Housing Accord.
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Perth price growth set to continue in 2024
Perth house prices could grow as much as 10 per cent this year, with rising interest rates failing to dampen buyers’ desire for homes in the Western Australian capital.
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New Zealand property prices rise for the third straight month
The rebound in home prices across New Zealand has continued, with prices rising 1 per cent in December according to CoreLogic NZ.
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Is Adam Neumann’s apartment venture already struggling for money?
Adam Neumann's new apartment venture, Flow, looks to have encountered financial difficulties with its earliest acquisitions.
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Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street and suburb reviews during the process, the solution he and his brother Adam created will celebrate a major milestone.
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First-home buyers surge, defying rising costs and rates
First-home buyers are fighting back against rising interest rates, the increased cost of borrowing and the increasing cost of living, leaving the charge for new home loans.
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The best properties on the market right now with great tennis courts
With the Australian Open getting underway, tennis fever is back and more people than ever are wanting to go for a hit.
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Tenants who took on their landlords and won
It’s been a tough year for renters with a lock of supply and rising rents and it’s meant that tenants have started to push back against landlords excessive demands.
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