INDUSTRY NEWS
-
Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase
Read More » -
Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
Read More » -
Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes.
Read More » -
More than half of property managers have dealt with domestic violence in tenancies
The Real Estate Institute of Australia (REIA) surveyed property managers earlier this month about their dealings with domestic violence issues while on the job. The survey found 57 per cent of property managers have coped with domestic violence in tenancies over the past 12 months, with 30 per cent managing such issues two or three times each year. REIA President…
Read More » -
CoreLogic NZ expects mortgage lending volumes will ease
CoreLogic New Zealand (NZ) has tipped lending activity will slow down over the coming months with mortgage rate increases on the horizon. This comes despite property sales activity remaining solid in June. CoreLogic NZ Chief Property Economist Kelvin Davidson said it was interesting that first-home buyers had a monopoly on mortgage lending with less than a 20 per cent deposit.…
Read More » -
REI Super ranked eighth best performing fund across Australia
REI Super was ranked the eighth best performing super fund by the Australian Financial Review for the last financial year.
Read More » -
Most millennials believe the housing market needs more regulation
The majority of millennials (70 per cent) believe the housing market should be more heavily regulated, according to HomeLoanExperts.com.au.
Read More » -
Western Australian regional centres enjoy a spike in house prices
Eight of WA's nine regional centres have experienced growth in median house sale prices throughout the June 2021 quarter.
Read More » -
Overseas investment in US homes falls to the lowest level in a decade
Overseas buyers purchased US$54.4B worth of existing homes in the US from April 2020 through March 2021. This was the lowest level in a decade.
Read More » -
Industry leaders respond to Labor’s negative gearing pledge
ALP leader Anthony Albanese has pledged his part will not restrict negative gearing or increase capital gains tax if they win the next election.
Read More » -
Investors and owner-occupiers leap onto the booming Gold Coast market
While owner-occupiers want to downsize, investors are focused on the Gold Coast in the wake of historically low rental vacancy rates.
Read More » -
Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year
Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales.
Read More » -
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic.
Read More » -
Demand from South Australian residents drives Adelaide’s price growth
Adelaide's real estate market grew by almost 14 per cent over the last financial year, according to Raine & Horne.
Read More » -
Luxe Listings Sydney star Gavin Rubinstein is the first Ray White agent to reach ‘elite’ status this financial year
Luxe Listings Sydney star Gavin Rubinstein has kicked off the new financial year on a very high note.
Read More » -
Auctions continue to net higher prices: Ray White
Regardless of whether they occur online or on site, auctions are more likely to result in a higher property sales price, according to new data from Ray White.
Read More » -
Fewer properties taken to auction due to multiple lockdowns
There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 74.8 per cent this week.
Read More » -
New Zealand hits a turning point in the property investment market
The recent uptick in mortgage interest rates is yet another influencing factor in the New Zealand residential property investment landscape, with CoreLogic suggesting the market is close to a significant turning point.
Read More » -
REA celebrates National Property Managers Day
REA Group has commended its property manager customers across the country on the second National Property Managers Day. National Property Managers Day encourages agencies, landlords and tenants to publicly celebrate the efforts of outstanding Property Managers who play a significant role in Australia’s real estate industry. REA Group executive manager of Rent, Jarrod Scott commended the Real Estate Institute of…
Read More » -
EVENT sells $79.6 million of commercial property, cinemas reeling from lockdowns
EVENT Hospitality and Entertainment, best known for the Event Cinemas franchise, has sold $79.6 million worth of non-core property assets.
Read More » -
Building trust is the secret weapon to winning listings
New research from marketing automation platform ActivePipe has revealed the extraordinary power that staying connected and building trust has in helping agents win new listings. The Trust Report: What consumers want from real estate agents examined the factors that influence how people choose a real estate agent and what builds trust and drives loyalty, from deep-dive research with 124 property…
Read More » -
Low interest rates not solely responsible for property price growth
New analysis from the Property Investment Professionals of Australia (PIPA) has found that property price growth is less dependent on low interest rates than commonly believed.
Read More » -
Record low vacancy rates continue to impact Queensland
Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state's rental market continues to tighten.
Read More » -
REA offers an insight into what’s changed in property management in the past 12 months
Record rental inquiries, digital inspections, and legislative changes...aside from the ongoing impacts of lockdowns there's a lot going on in the rental and property management space. REA Chief Consumer Product Officer Val Brown explains how the group is catering to the shift with an update on REA's rent strategy.
Read More » -
CoreLogic launches their digital RP proposals platform
CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.
Read More » -
Celebrating National Property Managers Day
National Property Managers Day is July 23, raising awareness of the challenge property managers face and celebrating their hard work.
Read More » -
What the 2032 Olympic Games means for Brisbane’s property market
CoreLogic Asia Pacific research director Tim Lawless believes the 2032 Olympics should work as a positive influence on the Brisbane housing market.
Read More » -
Sydney’s luxury property market is number one in the world
Sydney’s luxury residential market is tipped to rise 10 per cent this year, according to Domain. This rise will make Sydney the world’s leading city for luxury property growth, as noted in Knight Frank’s Prime Global Forecast report. It’s a huge jump from last year’s 2021 forecast. In May last year, there was a forecast of just 1 per cent…
Read More » -
Property Council welcomes Brisbane Olympics win
The Property Council of Australia has welcomed tonight's announcement that Brisbane will be the host of the 2032 Olympic and Paralympic Summer Games, heralding it a 'golden decade of opportunity' for the city.
Read More » -
Openn Negotiation successfully lists on the ASX
Australian Proptech company Openn Negotiation has successfully listed and commenced trading on the Australian Securities Exchange (ASX) under the ticker OPN. Openn Negotiation’s listing on the ASX on July 21 comes after raising the maximum $9 million through the issue of 45 million shares at 0.20c per share, under the fully underwritten prospectus lodged in May. Openn Negotiation shares opened…
Read More » -
Victorian Government urged to allow one-on-one inspections amid ongoing lockdowns
The Real Estate Institute of Victoria (REIV) is urging the State Government to allow one-on-one inspections, noting the recently announced extension of Victoria’s fifth lockdown will wreak havoc on the real estate industry. On Tuesday, Victorian Premier Daniel Andrews announced the current lockdown would be extended seven days and is now slated to end on Tuesday, July 27. That’s likely…
Read More » -
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
Read More » -
Western Australia’s commercial property market is thriving
The commercial property market in Western Australia has risen from the ashes in the last financial year, according to Ray White. Ray White Commercial research has found Western Australia (WA) has greater certainty across all sectors, with tenants again occupying premises, business up and running, and low interest rates. Ray White head of research Vanessa Rader, in conjunction with Ray…
Read More » -
Property taxation is one of the largest barriers to housing affordability: REIA
Real Estate Institute of Australia (REIA) has urged the government to ‘axe the tax’, suggesting that removing property taxation will assist with the housing affordability crisis. REIA has suggested the National Housing, Finance and Investment Corporation (NHFIC) report Stamp Duty: Benefits and Challenges provides evidence that property taxation is one of the largest barriers to housing affordability and consistently performing markets. REIA…
Read More » -
US housing inventory jump is set to be a welcome relief for prospective buyers
Housing inventory saw significant recovery for the second straight month in June, according to the latest Zillow Real Estate Market Report. The increased housing inventory indicated the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favour. But demand is still strong, sending home value appreciation to new record highs for both monthly…
Read More »