INDUSTRY NEWS
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NurtureCloud reshaping the real estate industry
Ray White embarked on its journey with the PropTech platform NurtureCloud in 2021 to reshape the way real estate is conducted in Australasia.
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Home Value Index rises for the first time in almost a year
CoreLogic's national Home Value Index (HVI) increased 0.6 per cent in March, marking the first month-on-month rise since April 2022.
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Housing shortfall tipped to worsen rental crisis
Australia’s housing crisis is set to worsen, with the nation expected to experience a shortfall of 106,000 homes over the next five years.
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Experts weigh in on interest rate debate
More than one-third of experts in Finder’s RBA Cash Rate Survey believe the central bank will put the cash rate on hold at its meeting today.
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Low stock levels fuelling national property price rises
Positive demand drivers, including low stock levels, are keeping a floor under property prices with national values rising for the third consecutive month in March.
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One-in-five new buyers want an inner city home but can’t afford it
New home buyers in Victoria want to be living in established areas, but a lack of suitable options is making that impossible according to a new report.
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Look to the regions for affordable property
Home loan affordability may be declining but the great Australian dream of owning your own home is still alive, if buyers are prepared to look outside capital city and metropolitan areas.
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One in four borrowers are paying over 6.5 per cent on their mortgage
Rising interest rates have caught borrowers off guard, with one-in-four now paying over 6.5 per cent interest on their mortgage.
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Highlights from The Tesolin Conference
The power of family, hard work and creating competition was on display at the inaugural The Tesolin Conference today.
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Will drop in inflation bring a rates pause?
Inflation has fallen for the second month in a bring, bringing with it renewed hope the Reserve Bank will pause interest rates next week.
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Ruff times for pet owners: Oaklands Park earns top ‘sad puppy’ score
The southern Adelaide suburb of Oaklands Park has been ranked the hardest in Australia for tenants with pets to secure a rental, according to new research.
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5 things to know about New Zealand’s refinancing wave
The steady flow of existing mortgage borrowers across NZ who have had to stomach higher interest rates each time they come up to a loan repricing has been a constant theme in property and personal finance for some time now.
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AuctionWORKS brings the hammer down on 60,000 auctions
Leading auctioneers, AuctionWORKS has officially brought the hammer down on more than 60,000 auctions and in excess of $40 billion in unconditional sales after 26 years in business.
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PMVA secures six-year lease with Clark Global City
Property Management Virtual Assistant (PMVA) has extended its lease with Clark Global City for six more years, allowing the company to improve its market-leading services even further.
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HomeBuilder deadline extended for property owners
Property owners at risk of losing the $25,000 HomeBuilder grant due to ongoing building delays have been given a reprieve from the government, with the scheme extended to June 2025.
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Queensland Government to introduce rent cap
Queensland Premier Annastacia Palaszczuk has this morning given the strongest indication the State Government will push ahead with a plan to cap rent rises to one per year.
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New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase in interest rates has put the brakes on homebuyers.
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Deposit scheme allows Aussies to fast-track property ownership
An innovative deposit scheme is giving buyers along the East Coast of Australia the opportunity to buy off-the-plan homes sooner than if they had to save a full, lump sum deposit.
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Virtual agency eXp Realty dominates the RealTrends 500 list
Virtual brokerage eXp Realty has dominated the 2023 RealTrends 500 list after closing the most transaction sides in 2022 and being ranked the No. 1 Public Independent in the US.
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New NSW Government must address housing crisis
New South Wales may have a new premier in Chris Minns, but the state is still afflicted by the same widespread housing crisis, with leading property bodies calling for change.
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NSW and QLD top the list of recession-proof suburbs
NSW and QLD have a number of locations that could hold up in value in the event of a recession according to an expert.
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Loss-making resales jump across Sydney and Melbourne
The share of loss-making home sales across the country has jumped, led by both Sydney and Melbourne, which saw homeowners selling at a loss at the highest rate in four years.
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The great debate: short-term holiday rentals in Australia’s housing crisis
Are short-term holiday rentals the solution to or the problem in Australia’s housing crisis?
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Buying a rent roll can supercharge your business – but only if it’s done right
While purchasing a rent roll can be an effective strategy for increasing cash flow and encouraging business growth, doing so comes with risks if you don’t do it properly, warns O*NO Legal founder Kristen Porter.
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New listings suffer as sellers err on the side of caution
The seasonal uptick in property listings that usually occurs in the first half of March has been noticeably absent this year, with sellers having “erred on the side of caution” amidst declining property prices.
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Perth remains affordable to buy and rent
Despite rising interest rates making life more difficult for homebuyers, Perth is still the second most affordable property market in the country.
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Australia’s rental system is ‘broken’ study reveals
Australia’s residential rental system is “broken” and fails to provide affordable, secure housing for tenants or a solid investment option for landlords.
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Buyer demand fuels record month for The Agency in WA
The Agency’s Western Australia office has recorded a record month with 321 properties under offer in February.
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Global banking instability on the RBA’s radar
Instability in the global banking sector could cause the Reserve Bank of Australia to think more carefully about raising the cash rate next month according to a leading economist.
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Cirrus8 launches its Executive Management Plus Dashboard
Cloud-based, commercial property management software platform Cirrus8 has just released its industry-leading Executive Management Plus Dashboard.
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Herron Todd White: too soon to call a bottom in the property market
High interest rates and the prospect of more pain ahead for borrowers as fixed-rate loans roll off, suggests it might be “too soon” to call the bottom of residential property prices, according to the latest Herron Todd White (HTW) Month in Review.
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Little Real Estate partners with Rental Heroes to deploy AI technology
Australia’s largest independently owned real estate agency Little Real Estate has joined forces with Rental Heroes to implement AI technology called “Alex” across their network of 12 offices.
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Investors sell, rent bidding ban backfires, property managers leave as rental crisis rolls on
The overwhelming majority of investors are not wealthy property magnates flush with money, but cash-strapped mums and dads who are leaving the residential market because it’s just too hard, a leading property manager says.
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Sydney renters paying $633 a week more than a year ago
Rents in Australia's unit market have surged, with the national trend recording its highest annual growth on record at 13.7 per cent.
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Time to save a deposit drops for first-home buyers
The time taken to save a deposit to purchase an entry-level first home has dropped by as much as 13 months according to new figures from Domain.
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