INDUSTRY NEWS
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Propic hits the nation’s capital with Luton introducing AI
A forward-thinking Canberra real estate agency has introduced market-leading artificial intelligence to ensure 24/7 customer service and that no potential sales or property management lead is missed.
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Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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LJ Hooker Property Centre expands with South-East specialists
LJ Hooker Property Centre welcomes the team from independent operator Julie Harris Realty into the fold.
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RBA expecting up to 800k fixed-rate loans to end in 2023
A senate committee looking into cost of living of living pressures has shed light on the size of the anticipated 'mortgage cliff' set to test the property market in 2023.
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Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with someone other than a romantic partner as a way to get their foot on the property ladder.
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Jimmy Burgess’s $500 million sales strategy
Top US real estate agent Jimmy Burgess has shared the secret to his success, outlining the strategy he used to generate more than $500 million in sales.
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NZ records 10th month of property value declines
Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10 months.
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Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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Leading brand opens new office in Mount Lawley
Acton | Belle Property welcomes Chris Pham and Scott Fletcher to the team with opening of new office.
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Sam Towndrow joins forces with BresicWhitney
Sam Towndrow joins the team at Bresic Whitney after seven years at Ballard Property Double Bay.
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South Australia notches a new record despite declining sales
The South Australian property market posted a record new median price during the December quarter despite a decline in the volume of sales, the Real Estate Institute of South Australia says.
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REACH Australia announces class of 2023
Second Century Ventures, the strategic investment arm of the National Association of Realtors and the most active global real estate technology fund, has announced the acceptance of eight companies to the 2023 REACH Australia program.
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Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
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Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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McGrath opens a new office in dynamic BeecroftÂ
McGrath Estate Agents has opened a new office in Beecroft to further consolidate its presence in this important market of Sydney’s northwest corridor, servicing the affluent family-focused areas of Beecroft, Cheltenham, Cherrybrook and Pennant Hills.
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If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
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Agents report strong buyer numbers
There might be a lot of talk about the property market downturn but Sydney and Melbourne agents have noted buyers are flocking to properties and this is translating to sales.
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Zillow’s new AI-powered tool finds your perfect home with one sentence
US listings portal Zillow has launched a new AI-powered feature that lets prospective buyers search for homes in the same way they would describe it to their friends and family.
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Keller Williams lawsuit: Is this the end of cold calling?
US real estate firm Keller Williams has agreed to pay US$40 million as part of a settlement agreement after it faced a class action lawsuit alleging it had violated the Telephone Consumer Protection Act, raising questions about the viability of cold calling.
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Four top agents partner with Ray White in Sydney’s inner suburbs
Jeremy Brink, James Peach and Walter Burfitt-Williams have joined Peter Taylor at Ray White Taylor and Partners.
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Laing+Simmons opens new office in Balmain
The Laing+Simmons growth plan which saw eight new offices join the network in 2022 has started the new year where it left off, with the new Laing+Simmons Balmain opening this month.
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Rupert Murdoch to sell Realtor.com
Rupert Murdoch’s News Corp is looking to sell the parent company of Realtor.com, with the news breaking just hours after it became clear his plan to combine the news company with Fox Corp had been scrapped.
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New Zealand inflation figures remain stubbornly high
The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to opt for a 0.75 per cent increase to the cash rate when it meets next, a leading economist says.
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Bel-Air canyon price tag slashed by 70 per cent
An undeveloped golf course-sized patch of land in one of Los Angeles' ritziest neighbourhoods is on the market at a 70 per cent discount on its original asking price.
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December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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James Ledgerwood joins McGrath’s Double Bay office
James Ledgerwood has returned to the McGrath brand, joining Craig Pontey and Michael Finger in the Double Bay office. The Announcement: McGrath Estate Agents, today announced that James Ledgerwood and his sales associate Ben Fraser will join its Double Bay office under the leadership of Craig Pontey and Michael Finger. “Michael and I welcome both James and Ben who we…
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Top C21 office expands with third location
Century 21 Platinum Agents has expanded to the Fraser Coast joining forces with local leading agency One Realty Maryborough.
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Belle Property expands its footprint on Queensland’s Sunshine Coast
Ben Radcliff said he was thrilled to spread the brand’s reach across the Sunshine Coast. The Announcement: Leading real estate group, Belle Property, is excited to announce the acquisition of a successful family-owned local agency, North Shore Realty, whose two office locations will become known as Belle Property Marcoola and Belle Property Coolum.  The businesses will be led by principal and leading…
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Tennis courts a hit with buyers as Australian Open reaches full swing
Buyers are increasingly searching for properties with a tennis court, according to new data from Domain, though suitably-equipped properties are in short supply.
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Queensland’s vacancy rate inches higher in December quarter
The Sunshine State's rental market remains incredibly tight despite a slight uptick in vacancy levels during the December quarter, a new report from the Real Estate Institute of Queensland shows.
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RE/MAX flagship launches in Hamilton, New Zealand
Harry Luther has opened the doors to RE/MAX's new flagship office in New Zealand
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Ray White Surfers Paradise’s The Event sees 94 properties go under the hammer
Ray White Surfers Paradise's annual The Event auction saw a clearance rate of 59 per cent, with 302 registered bidders and more than 1200 attendees.
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Louise Schofield joins PMVA to elevate property management success
Industry authority Louise Schofield has joined real estate outsourcing company PMVA, aiming to create better workplace culture, more streamlined workflows and a better customer experience for property management businesses.
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