INDUSTRY NEWS
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How Pay On Success VPA solves vendor reluctance in today’s market
The property market is changing. Your approach to vendor paid marketing needs to as well.
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Top team joins Ray White Doreen
Aaron Geary started his real estate career in 2017 and quickly progressed to an auctioneer and has won multiple awards as an outstanding sales performer.
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Hefty deposit needed to inspect Melissa Caddick’s Dover Heights home
The Dover Heights home of missing alleged fraudster Melissa Caddick has officially hit the market, but if you’ve been wanting to take a peek inside, these photos are likely the closest you’ll get.
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Queensland rental supply falls 30 per cent as investors exit market
Surging house prices across Queensland have caused a wave of investor selling, the the number of available rental properties dropping dramatically.
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Australian home buyers prepared to wait for lower prices
Nearly eight in 10 Australians are prepared to wait for house prices to fall further before jumping back into the market, according to new data.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the fourth consecutive week, despite a drop in auction volumes.
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The worst is yet to come on interest rates and the economy: Treasurer
Federal Treasurer Jim Chalmers has warned homeowners there will likely be more pain ahead as interest rate rises start to weigh on the economy.
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Grow your rent roll with levelled up listings
Property managers have always been amongst the hardest workers in the room. Landlords expect great results in short timeframes, but are also looking for the cheapest possible prices, meaning PMs often have to compromise on using the best quality tools and services.
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Adelaide land prices climb north of $200,000 for the first time
Adelaide real estate continues to be among the strongest in the country, with the value of land now surpassing $200,000 for the first time.
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Ray White NSW | ACT celebrates its 2022 winners
ay White NSW/ACT Chief Executive Officer Andrew McCulloch said the night celebrated an amazing year, and now was the time to take market share, create competition and continue to lead the market rather than follow.
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First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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US home mortgage rates top 6 per cent for the first time since 2008
Mortgage rates in the US have hit their highest level since 2008, as the popular 30-year fixed rate loan has now topped 6 per cent.
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Former REA Group CEO Tracey Fellows retires
Former REA Group Chief Executive Officer Tracey Fellows has announced her shock retirement.
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First home buyer activity falls below decade average
Zippy Financial Director and Principal Broker Louisa Sanghera said the market lull won’t last forever and first home buyers should look to buy in the next six months. The Announcement: The number of first home buyers in the market has fallen below the decade average after hitting a record peak in January last year, according to one of the nation’s…
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New PMVA menu serves up office efficiency
Do you need help advertising a property? What about organising inspections or onboarding a new tenant?
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Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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Stars shine at 2022 REIACT awards for excellence
The annual REIACT awards for excellence saw 440 professionals come together to celebrate their achievements. The Announcement: A Covid lockdown and Federal Election couldn’t deter the real estate industry from reaching new heights in 2021-2022, with 440 professionals from the ACT real estate sector coming together on Friday night at the Hotel Realm to celebrate their achievements and recognise both…
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A scroll through Melbourne’s most popular streets
Outer suburb Melbourne McMansions have dominated Victoria’s buyer interest over the last three years according to realestate.com.au.
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International buyers return to luxury property markets
With travel restrictions continuing to ease by the day, international buyers have returned to hunting for luxury property in many of the world's most exclusive markets.
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Rising rates to continue to weigh on property markets: RBA
Rising borrowing costs will likely see property prices fall, however, the magnitude and timing is unclear according to the RBA.
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Agent hits ground running with morning workout
Real estate sales professional Angela Stergou prepares for the day ahead with a 30-minute workout every morning.
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Clearance rate rises as auctions enjoy their busiest week since June
Spring selling season is under way in earnest with this week proving the busiest auction week since June while the preliminary clearance rate climbed to its highest point since May.
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Dan Cooper joins Ray White Canberra
Ray White Canberra Chairman Ben Faulks said Dan Cooper will be focused on his sales and auctioneering at Ray White.
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Building high-quality housing doesn’t make older properties more affordable
Filtering, the process of building new high-quality homes for higher income earners, doesn’t necessarily make older homes more affordable according to new research.
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Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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Rent roll values rise across the eastern states
The median value of a rent roll across Australia’s eastern seaboard has risen to $470,657, new data from a specialist rent roll broker shows.
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The pitfalls of buying and selling a rent roll
Buying a rent roll can be risky, but only if you don’t have all the necessary information before making your decision, according to O*NO Legal founder Kristen Porter.
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Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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Sydney’s Annandale Abbey back on the market for $15 million
One of Australia’s finest heritage homes, Annandale Abbey, is back on the market for $15 million.
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Ray White AKG promotes female leadership
The Ray White Avi Khan Group has appointed a series of female leaders in key roles as it recalibrates for the future.
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Andreessen Horowitz officially invests in real estate startup Flow
Venture capital firm Andreessen Horowitz has officially taken a stake in Flow, the real estate startup founded by WeWork’s Adam Neumann.
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New home sales fall further in August
Sales of new homes over the past two months are reflective of a slowing market and the impact of the cash rate rise. The Announcement: “New home sales fell by 1.6 per cent in August after the 13.1 per cent decline seen in July,” stated HIA Economist Tom Devitt. The HIA New Home Sales report – a monthly survey of…
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AI tech that assists agents in qualifying buyers
Buyer management is in the spotlight as the needle shifts on buyers this Spring selling season. The common way of qualifying buyers, via phone call, is working, but is it scalable?
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Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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