INDUSTRY NEWS
-
Record inflation to keep pressure on households
The latest CPI figures shows inflation has risen to 5.1 per cent, putting increased pressure on mortgage holders and households according to experts.
Read More » -
Three of the big four banks predict a May rate hike
The big four banks continue to bring forward their cash rate rise predictions, with three of the majors now forecasting the official cash rate (OCR) will increase next week, with more hikes “imminent”.
Read More » -
The AI tech that powers agents across the nation
Artificial intelligence has been the buzzword for a decade and whilst other industries are advanced in its applications, the real estate industry is no longer a laggard as more and more agencies leverage this technology.
Read More » -
LJ Hooker Property Hub recruits leading prestige agent
LJ Hooker Property Hub, and strengthen the brand's position in the Gold Coast hinterland.
Read More » -
Property boom losing momentum – Sydney price growth ‘flatlining’
The rate of property price growth in Australia has dropped dramatically in the first three months of the year, new data reveals.
Read More » -
Slowdown arrives for New Zealand’s hot property market
New Zealand’s overheated property market looks to be slowing down thanks to rising interest rates and lower demand according to a new report.
Read More » -
New network manager to support Raine & Horne’s Queensland expansion
Raine & Horne has recruited experienced property specialist Ken Baker as its new network manager in Queensland. The Announcement: Leading real estate brand Raine & Horne has landed a major score with the appointment of experienced real estate professional Ken Baker as its new Network Manager in Queensland. Steve Worrad, General Manager, Raine & Horne QLD, who helped recruit Mr…
Read More » -
Propic appoints head of innovation amid record growth
PropTech Artificial Intelligence pioneer Propic has appointed former McGrath Head of Martech Ryan Campbell as Head of Innovation, as it records significant Australian market growth and seeks to push into international markets.
Read More » -
Victoria most affordable for average income earners
Victoria dominates the list of most affordable properties for buyers on average salaries, according to new research.
Read More » -
Inside Australia’s home of the year
JW Constructions in Queensland has won the HIA-CSR Australian Home of the Year award for a beautifully designed home that showcases open-plan living at its best.
Read More » -
Geelong leads pandemic population surge
Geelong saw the largest population increase during the pandemic as homebuyers sought out more space and an escape from the city.
Read More » -
New LJ Hooker office opens in booming regional Queensland market
LJ Hooker has further expanded its network along Queensland’s Capricorn Coast with the opening of LJ Hooker Agnes Water.
Read More » -
High-performing Sydney agents announced as Pello partners
Leading Sydney real estate agents Alex Mintorn and Michael Dowling have joined the partnership team of premium new real estate agency Pello, headed by founder and Group CEO Stefon Bertram. The Announcement: Pello, Australia’s newest premium real estate agency, today announced that leading Sydney agents Alex Mintorn and Michael Dowling have joined its partnership team. Alex and seven of his established Upper…
Read More » -
Sentiment remains high despite softening property prices
Confidence in the real estate market remains high despite slowing growth in property prices, according to a new survey.
Read More » -
Property Council welcomes easing of COVID close contact settings
The Property Council of Australia has welcomed the NSW Government's decision to end isolation requirements for close contacts, provided they have no symptoms and comply with relevant health guidelines.
Read More » -
The lowest preliminary clearance rate of the year
Despite the ANZAC Day long weekend, 1813 homes were taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 67.6 per cent.
Read More » -
Rental demand continues to soar as availability falls to lowest level in more than a decade
Near record demand and the lowest level of availability in almost 20 years is propelling a tough rental market, new analysis shows.
Read More » -
Foreign investment in Australian commercial property doubles
Foreign buyers continue to be active in both buying and selling Australian commercial assets according to a leading expert.
Read More » -
Perth’s bargain suburbs under $375,000
Despite Perth seeing a strong 12 months of property price growth, it’s still possible to find bargain buys close to the CBD according to REIWA.
Read More » -
New leadership duo for Belle Property Mosman
Matthew Smythe and Mark Jackson have taken on leadership roles at their fourth Belle Property office, Belle Property Mosman. The Announcement: Belle Property has announced that veteran lower north shore market experts, Matthew Smythe and Mark Jackson, will lead the brand’s well-established and highly successful Mosman office. Matthew and Mark are also the co-principals of three other high-performing Belle Property…
Read More » -
What’s driving the housing markets: HTW
Demand for residential property remains strong, however, the rate of growth is slowing according to the latest Herron Todd White (HTW) Month in Review.
Read More » -
First Home Guarantee Scheme might not help all first-time buyers
While the First Home Guarantee Scheme has been expanded to help more first home buyers enter the property market, a leading expert believes many purchasers will not be in a position to access the increased financial caps.
Read More » -
How property can help Australia become prosperous again
The Property Council of Australia is calling on the next Federal Government to adopt a range of property-related initiatives to help the country 'make the most of the 2020s' and return to prosperity.
Read More » -
How to deliver ‘wow moments’ in a changing market
constraints and weakening consumer sentiment, Exp Australia Director Emily Morgan knows her vendors need more than her knowledge and experience to successfully navigate the current changing market.
Read More » -
Local real estate professional expands to Berrima
One of the Southern Highland's most dynamic sales agents has expanded his business into Berrima with Australia's largest real estate group.
Read More » -
Hockingstuart opens new Bundoora office
Hockingstuart has announced the opening of its newest office in Bundoora, led by Principal Tony Nguyen.
Read More » -
Investor lending reaches record high
Lending to investors has hit a record high level, outpacing the last two property booms.
Read More » -
East coast kicks off 2022 with $150B worth of property sales
Despite talk of a softening market, Australia’s love affair with real estate continues, with the latest data from PEXA revealing more the $150 billion worth of property on the east coast settled during the first quarter of 2022.
Read More » -
Stefon Bertram opens Sydney’s newest premium real estate agency Pello
Pello, a new-model premium real estate agency that focuses on market segment mastery in price points and locations, has officially opened its doors.
Read More » -
Confidence in property dips in March
Confidence in Australia's property sector fell slightly in March but remains at historically elevated levels, according to the latest ANZ/Property Council's industry survey.
Read More » -
Construction costs rise at the fastest rate in 21 years
The cost to construct a new home is rising at the fastest rate since 2001 putting increased pressure on builders, new home buyers and renovators.
Read More » -
Rents continue to rise as supply shortage bites
Rental prices for houses in Australia’s capital cities have hit their highest point on record, with the median price now $508 per week, according to the latest data.
Read More » -
Low clearance rate due to Easter auction slowdown
The Easter long weekend resulted in the auction slowdown that had been widely predicted, with just 134 properties going under the hammer across the major capitals.
Read More » -
What’s making news: Ryan Serhant, indoor plants, Luxe Listings and the rental crisis
There's never a dull moment when it comes to real estate. And with so much happening it can be easy to miss a great news story, an in-depth podcast or the latest in industry trends. That's why, each quarter we're going to bring you a compendium of some of the best read, watched and listed to content from Elite Agent.
Read More » -
Australia’s top 10 most affordable regional areas
The great Australian dream of owning a home is still alive, with a new report identifying the Top 10 affordable regional areas in the eastern states.
Read More »