INDUSTRY NEWS
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Auction Snitch app to boost price transparency in property market
Two Sydney entrepreneurs, with a background in real estate and tech projects, have launched a new app that aims to increase price transparency in the Australian property market.
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Temporary buyer window opens in slowing Sydney luxury market
Price growth in Sydney’s luxury property market is starting to slow down opening up a ‘temporary window’ to buy according to an expert.
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REIQ calls for stamp duty concessions to keep up with rising property prices
The Real Estate Institute of Queensland (REIQ) has called for the stamp duty concession threshold for first home buyers to be increased to be more in line with current day property prices.
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NAR president Tracy Kasper resigns in shock move
The turmoil at the top at the National Association of Realtors (NAR) has continued with president Tracy Kasper resigning just two months after Chief Executive Officer Bob Goldberg brought forward his retirement.
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Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way with vacancy rates rising in December.
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Relief for renters as house rents remain steady
After a tough few years for renters, there is now a glimmer of hope with house rents across the combined capitals holding steady for the first time in almost three years.
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Housing approvals remain at low levels
Despite surging demand and already low stock levels, new house building approvals numbers have fallen, with the Government’s plan to build 1.2 million homes looking further out of reach according to the industry.
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Over 100 Gold Coast properties to be auctioned at The Event
Over 100 properties are set to go under the hammer at the iconic Gold Coast auction day The Event.
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Raine & Horne acquires New Zealand’s Mike Pero Real Estate network
Australian real estate brand Raine & Horne is expanding its reach after acquiring the nationwide Mike Pero Real Estate network in New Zealand and agreeing on a strategic partnership with Mike Pero Mortgages.
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Ray White’s Seasonal Initiative Strengthens Community Ties
Ray White’s annual Christmas-themed charity event, “A Little Ray of Giving,” saw significant participation this year, with 353 offices across Australia and New Zealand joining in. The Ray White Barossa Valley | Two Wells team The initiative, highlighted by the introduction of a Christmas Elf named ‘Little Ray’, focused on community engagement and support, and through various activities, including the…
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The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI boom, 2023 has once again been a year for the record books.
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Geared for growth on the Gold Coast
The Gold Coast real estate market has emerged as a standout success story in the wake of the Covid pandemic, and at the forefront of this boom is Alex Phillis, the innovative managing director of Phillis Real Estate.
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Barry Johnston named new REINSW president
The Real Estate Institute of NSW (REINSW) has named Barry Johnston as its new president.
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Property market resilience to be tested in 2024
After bouncing back in 2023, the resilience of the property market is set to be tested according to the latest Herron Todd White (HTW) Month in Review.
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Perth property prices predicted to jump up to 10 per cent in 2024
Perth property prices could soar as much as 10 per cent in 2024, according to Damian Collins, who is the past president of the Real Estate Institute of Western Australia (REIWA).
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REIQ Zone Chairs to enhance local real estate insights
The Real Estate Institute of Queensland (REIQ) has appointed 16 Zone Chairs to lend their voice and local insights on real estate issues in the state's largest property markets.
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A year of two halves for property growth
The past 12 months has been a year of two halves for the Australian property market, with ongoing rate hikes and stretched affordability slowing growth since June.
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Step inside Santa’s home with a virtual tour that unveils the magic of Christmas
Surrounded by crisp white snow and adorned with festive lights and mistletoe, Santa’s North Pole cabin isn’t on the market, but you can take a tour, courtesy of some Artificial Intelligence magic.
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NSW Fair Trading cautions against inadequate real estate training
NSW Fair Trading has urged agents and property managers to only use trusted, quality focused and registered training organisations for professional development and licensing, or risk having their qualifications challenged.
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Adam Neumann turns attention to new venture after WeWork collapse
Hot on the heels of the besieged WeWork being forced to file for bankruptcy, founder Adam Neumann has turned his attention to his newer real estate startup Flow.
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Sydney property outperforms expectations, with more growth ahead
Pent-up demand across Sydney’s property market has seen price increases outperform analysts' forecasts, with an expert predicting 2024 could be “boom mode” for prices.
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Barry Plant Eastern Group takes a collaborative approach to growth
Just over 12 months on from the successful acquisition of Philip Webb Real Estate, Barry Plant Eastern Group has successfully navigated the rapid expansion thanks to a collaborative approach with members of the new team.
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Housing crisis is due to lack of supply, not immigration
The more than 500,000 new immigrants aren’t causing pressure on the housing market or making property prices more expensive according to a leading buyers agent.
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Shane Smollen to sell Byron Bay beauty worth more than $40 million
A lavish beachfront property in Byron Bay, spanning three land titles with a 30m coast frontage, is currently drawing significant attention from potential buyers.
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Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
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Australia’s top-growth suburbs saw values rise 30 per cent
The top-performing suburbs across the country, saw their values surge more than 20 per cent this year according to new data.
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Housing affordability drops to a new low
Australians are struggling to afford housing like never before as rising interest rates and soaring housing and rental prices continue to bite.
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Foreign investment fees up, aiming to ease Aussie housing crisis
The Federal Government will triple foreign investment fees for the purchase of established homes and double ‘ghost house’ fees for foreign-owned dwellings in a bid to boost Australia’s housing stock.
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Agency operating costs and commissions impacting profit margins
Challenging market conditions over the past few years with rising costs and declining commissions have been weighing on real estate businesses according to a new report.
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Store linked to bushranger Ned Kelly hits the market
A Benalla store where Ned Kelly battled with police has hit the market for the first time in 35 years.
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Perth house prices hit a new record high
Strong demand for property in Perth has seen the median house price hit a record high of $585,000 in November according to new data.
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RBA appoints a new chief economist and assistant governor
Sarah Hunter has been appointed chief economist and assistant governor (Economic) at the Reserve Bank of Australia (RBA).
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Property prices could rise 4 per cent next year
The rebound in the property market is expected to continue in 2024, with values to rise by up to 4 per cent according to a new report.
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Aussies are stashing cash in their offset accounts
Borrowers are stashing spare cash in their offset accounts in a bid to help fend off higher interest rates and rising cost of living.
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The Block serial buyer Danny Wallis to offload his 11 Victorian properties
One of the biggest buyers on The Block, Danny Wallis, is set to sell all of Victorian investment properties, with new taxes and regulations making it untenable for the investor.
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