INDUSTRY NEWS
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New REINSW president Peter Matthews takes the reins
Peter Matthews, Founder & CEO of Realtair, today begins a two-year tenure as President of the Real Estate Institute of NSW (REINSW). Mr Matthews takes the reins from Leanne Pilkington, CEO and co-owner of the Laing+Simmons network, who remains on the REINSW Board.
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Snug and Zango integrate to make renting easier and faster
"In the highly competitive Canberra rental market speed counts. As a modern, vibrant property portal with an unwavering focus on user experience and customer service, Zango is delighted to partner with Snug to expand upon our platform's digital agility to reliably and conveniently connect people with places" said Zango CEO, Darryn McRae.
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Sydney house prices to reach new heights in 2022
House prices are expected to surge as domestic borders open and international travel resumes, according to experts surveyed by financial comparison site, Finder.
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Regional property markets predicted to outperform capital cities in 2022
Regional property markets will be the ones to watch in 2022, according to Canstar’s inaugural Rising Stars Report, which identifies the top suburbs for future price growth.
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Crypto tokens welcome all global property investors
The Real Estate industry is buzzing as international properties can now be bought and sold using cryptocurrency tokens.Â
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RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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Housing affordability declines as investors flock to COVID-free states
New loan commitments for housing have fallen, particularly in COVID-ravaged states, as housing affordability continues to decline.
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New guide helps real estate agents master digital marketing
Australians spend 1.46 hours on average a day on social media and 20.5 million of us use Facebook in this country, yet most agents have not fully embraced the power of social media as an advertising tool.
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Investments and carbon reduction all part of REA Group’s sustainable year
Despite unpredictable economic and social conditions created by the global pandemic, REA Group has remained committed to its Environment, Social and Governance (ESG) obligations, adopting new technology and innovation to continue positive forward progression.
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Spring selling sees surge in Perth listings
The number of houses on the market has jumped across Perth as sellers ‘take advantage of Perth's strong market conditions.’
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Clearance rate slips below 80 per cent as auction volumes surge
This week again proved busy for auctions, with CoreLogic tracking 3524 auctions across the major capitals.
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REA Group backs stamp duty exemptions supporting City of Melbourne
REA Group has announced a new partnership with the City of Melbourne to help bring to life the council’s latest campaign, ‘This is Your Local’.
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Hobart median house price hits the $1 million mark
The record run of house price growth across Tasmania has seen many inner-city Hobart suburbs hit the exclusive $1 million median price for the first time.
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New Zealand’s hot property market starting to slow down
New Zealand’s property market may see a mini bounce back in the final two months of 2021, but conditions for a sustained upswing are unlikely to materialise, according to an industry data provider.
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Regional renters struggle as listings plummet
Regional renters are facing an uphill battle to put a roof over their heads with the number of listed properties on realestate.com.au 40 per cent below their pre-pandemic levels.
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Residential land in high demand across Australia
Vacant land is one of the hottest commodities in residential real estate at the moment with some blocks increasing in value 45 per cent in just five months.Â
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Australian real estate ranks number one for sustainability
Australia’s real estate market has topped the list in the internationally recognised GRESB Real Estate Assessment ranking for 2021, proving yet again that Australia’s real estate sector leads the world in sustainability.
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CPI edges towards RBA target
Newly released figures show the All Group Consumer Price Index for September increased at a similar rate to the previous quarter, while the changes in the analytical series were the highest they’ve been in six years.
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Property prices hit records across the country but the market is cooling
Australia’s median house price is fast approaching $1 million with the fastest rate of annual growth on record hitting 21.9 per cent, according to the latest data.
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Scorching land demand continues across Southeast Queensland
A 70% fall in land for sale in southeast Queensland has led to surging prices and one of the most ‘most competitive land markets in recent history’.
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Rent.com.au financial report reveals further growth
Rent.com.au has released its 2020/2021 financial report, revealing another year of growth, despite posting a net operating loss after tax of $1.295 million.
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Rental prices surge amid stock shortages and high demand
Australian rental prices have surged over the past 12 months, recording the fastest annual rise since 2008, new data has revealed.
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Units hot property in Northern Territory market
The unit and townhouse market across the Northern Territory continues to soar with sales volumes and weekly rents climbing.
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NSW property market the strongest in 40 years
REINSW, CEO Tim Gibbons, believes the strength in the current market is ‘like nothing he’s seen before,’ as house prices across the state continue to surge upward.
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Five key pillars to identify growth suburbs
With property market around the country growing at a rapid rate, one property expert has urged buyers to look beyond the headlines and focus on ‘micro factors’ that impact property growth.
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RiTA by AiRE wins industry innovation award second year running
RiTA by AiRE has been awarded the REIQ Awards For Excellence 2021 - Industry Innovation on Saturday 23 October 2021.
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Sydneysiders take the longest to save a house deposit
Sydney continues to be Australia’s least affordable property market, with new data suggesting it takes up to 18 years to save a deposit in many blue-chip locations.
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Fitzroy tops Melbourne’s most liveable suburbs list
Inner-city suburbs continues to top the list of most liveable in Melbourne according to new analysis.
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REIV announces excellence awards
The 2021 Winners of the REIV Awards for Excellence have been announced, with some strong competition across the board.
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Hotel investment surging in regional NSW
It’s been a tough 18 months for the hospitality industry, but with lockdowns set to continue to ease, the outlook once again looks bright especially for regional hotels.
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Sydney property prices not in bubble territory
Record-low interest rates have fuelled rapid house price growth around Australia, however, Sydney is not in a housing bubble just yet.
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Rising rents push New Zealanders to buy
Signs that rental growth has accelerated sharply across New Zealand is leading many people to look at buying.
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Historic Berrima Gaol hits the market
An iconic Australian gaol where the nation’s first serial killer was hanged has hit the market, with international interest expected in the historic site. Set on 1.9ha, the Berrima Correctional Centre was used as a gaol for almost 200 years and is made up of 60 prison cells and a watch tower. Constructed between 1835 and 1839, Berrima Gaol, as…
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Strong selling conditions as new listings surge across Australia
Buyer demand for property continues to outstrip supply across the country, however, listings are starting to increase according to new data.
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Housing affordability pressures create pain for apartment upgraders
Upgraders are increasingly running into affordability constraints as house prices around the country continue to increase.
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