INDUSTRY NEWS
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Hockingstuart opens new Williamstown office
Principal David Lawson is a well-respected expert in the area and will bring a high calibre of local experience, knowledge and exemplary client care to everything he does.
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A quarter of homes sold for more than $1 million
Almost one-quarter of all homes sold in the past 12 months have been worth more than $1 million dollars
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Property prices fuel rise in household wealth
Climbing property prices continued to fuel an increase in total household wealth in the March quarter, with wealth per capita soaring to a record high of $574,807.
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Just how at risk is Australia of falling property prices?
Australian property prices will not fall as much as they have gained in the past 12 months according to industry experts, despite a new global study saying the market is one of the most at risk in the world of dropping.
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Stone Real Estate strongholds Sydney’s north shore market with new Crows Nest office
Stone Real Estate is opening its fourth office on Sydney’s Lower North Shore, with a new Crows Nest office joining the McMahons Point, Willoughby and Mosman/Neutral Bay locations. The Announcement: Boutique real estate firm Stone Real Estate has added a Crows Nest office to its repertoire, capitalising on fast-growing momentum across Australia. Despite the real estate market slowing, Stone Real…
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LJ Hooker has its sights set on new offices with executive appointment
Kim Greenan has a wealth of experience in real estate, having owned and operated her own office, and worked in franchise growth and development. The Announcement: As Australia’s second-largest real estate network, LJ Hooker will continue to expand its footprint with the appointment of Kim Greenan as a Strategic Growth Manager in NSW. It signals an exciting new direction for…
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Gold Coast developer accepts crypto as deposit on luxury apartments
A Gold Coast property developer is accepting Bitcoin as a deposit for their latest luxury apartment development.
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Virtual assistants a timesaver for agents
Not enough hours in the day? Frustrated because you really need more hands in the office but don’t have the budget?
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2021 Census: Apartment living rises but fewer homes owned outright
The way Australians live is becoming increasingly diverse, with fewer households owning their home outright and more people living in apartments, according to the 2021 Census.
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Sydney in top 10 for prime residential rent growth
Sydney has ranked fifth on a global list of cities with the highest annual rise in prime residential rents.
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How blockchain will revolutionise real estate
The Real Estate Institute of Australia has released a groundbreaking report, outlining the many use cases for blockchain in real estate and examining how it could shape the industry moving forward.
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Ollie Gearing wins REINSW Novice Auctioneers Competition
The Novice Auctioneers Competition is a platform for the state’s up-and-coming auctioneers to try their hand at auctioneering, and this year Ollie Gearing claimed the title. The Announcement: A record seven finalists battled it out on Friday evening at this year’s REINSW Novice Auctioneers Competition (NAC) Final. The NAC is a platform for the State’s would-be and up-and-coming auctioneers to…
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Where are you most likely to find an energy efficient home?
Energy prices are on the move and although a crisis of widespread blackouts looks to be averted for now, longer term, having an energy efficient home is going to become increasingly important. So, are we seeing more energy efficient homes? And in what suburbs are we seeing more of them?
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Melbourne named Australia’s most liveable city
Melbourne has been named Australia’s most liveable city and number 10 in the world, while other state capitals have tumbled down the rankings.
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REIA partners with Re-Leased to deliver commercial agency engagement program
The program will aim to elevate the voice of Australia’s commercial real estate sector through research, one-on-one engagement, digital forums and in-person events. The Announcement: The Real Estate Institute of Australia (REIA) has signed a three-year partnership with global commercial property management software company, Re-Leased. REIA President, Mr Hayden Groves said the sponsorship involved a holistic partnership with Re-Leased to support…
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ANZ and Westpac lift fixed rates again
ANZ and Westpac have again hiked the interest rate on their fixed rate loan products.
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Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted by the higher cost of living and could experience mortgage stress, according to data.
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Drop in auction volumes sees clearance rate rise
Auction volumes fell across the combined capitals this week, largely driven by a drop in properties going under the hammer in Melbourne.
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MoneyMe revamps ListReady for agents
Digital lender and non-bank challenger MONEYME (ASX: MME) has revamped its ListReady product for real estate agents, in a bid to create a more seamless process that allows them to focus on what they do best, while empowering sellers in a shifting market.
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The blueprint for becoming a million dollar agent
Are you ready to step up your real estate game, target the 2022 consumer, make more money and become a listings machine, all while building your profile and reclaiming your time?
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Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy rates and rising rents put pressure on low-income earners.
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Homeownership increasingly “out of reach” as average deposit hits $120,000
The surge in property prices has seen the hurdle to get into the property market get even higher with the average first home buyer deposit hitting $119,560.
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$20 billion boom to keep the Gold Coast property market firing on all cylinders
Colliers latest Gold Coast Market Overview predicts the city will continue outperforming the rest of the country. The Announcement: Strong population growth, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games will continue to drive the Gold Coast property market over the next decade, according to a new report by Colliers.…
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Homely continues Queensland expansion with Ray White partnership
Homely.com.au, one of Australia's largest online real estate marketplaces, has further expanded their Queensland presence with their most recent sponsorship of the largest real estate networks in Australia, Ray White Queensland.
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Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that saw values surge 40 per cent between June 2020 and March 2022.
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The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
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Market boom prompts agent increase
Whether it was the popularity of Luxe Listings or the fact the property market enjoyed an upswing, real estate has become an increasingly popular career choice over the past couple of years.
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LJ Hooker Group launches new training platform Lighthouse
LJ Hooker Group has launched its new learning and development platform Lighthouse, powered by Northpass, which also supports the world’s most innovative brands like Uber, Shopify and Compass. The Announcement: The LJ Hooker Group today announced its exclusive agreement with US-based Northpass, a leading Learning Management System (LMS), that powers the LJ Hooker Group’s new training platform Lighthouse. Northpass is…
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Expansion and diversification a winning strategy for Hockingstuart’s 35-year-old brand
This year the brand has diversified into property development with the recent launch of Hockingstuart Land | Projects, and expanded its Melbourne footprint with two new offices in Dandenong and Bundoora and a new Williamstown office set to open on 28 June. The Announcement: 35-year-old Victorian real estate brand, Hockingstuart, is on a strong growth trajectory in 2022. So far…
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Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.
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REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is disappointed at the lack of action on housing affordability and accessibility.
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NSW Budget helps certain sectors of the property market
The NSW Government’s stamp duty reform, shared equity scheme and housing infrastructure boost are all positive starts but don’t stretch far enough to make a meaningful, long-term impact on the property market, according to industry experts.
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Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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Ray White partners with Three’s The Block NZ for fifth season
For the fifth season in a row, Ray White will be the exclusive agency partner for Three's The Block NZ.
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