National
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Lifestyle demand sees rental prices surge
A surge in Aussies moving to lifestyle destinations is causing a hike in rents, with it now costing more to lease a unit in Brisbane than in Melbourne. …
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Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with …
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Property boom predicted for 2021
Five out of 8 Australian capital cities are likely to produce double-digit house price growth in the 2021 calendar year while forty (40) or more non-capital city locations will crack 20 percent capital growth over this 12-month block according to Propertyology's Simon Pressley. Pressley says the history books will show… …
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Video of the Week – ‘Home Alone?’
Collings Real Estate's Stefan Perera listed 1/197 Separation Street, Northcote in Victoria for sale this week, launching the property campaign with a Home Alone themed house tour just in time for Christmas. The inspiration was iconic Christmas movie(s) Home Alone, which they felt would do well to show off the… …
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Auction results indicate a race to the 2020 finish line
The final weekend of property auctions for 2020 proved there is still impetus and interest in the market, with this weekend's high volume matched by an equally impressive preliminary clearance rate. With the Christmas break now under way, Domain is the only source providing auction results. They have reported… …
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Best of the Best Report shows 2020’s biggest property market winners
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient. …
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Auction activity shows no sign of a Christmas slump
Auction activity ramped up this week with CoreLogic reporting 2537 homes were taken to auction across the combined capital cities. …
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RE/MAX financial services brand expands directorship
Pivotal Financial, the RE/MAX aligned financial services group, this week announced the appointment of Matthew Andrews to the Board of Directors. …
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Real estate viewed more positively after the events of 2020
Real estate agents have improved their net score when it comes to how people perceive their conduct, with the industry jumping 21 per cent in the ethics index over the past year. …
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Housing affordability sentiment at an all-time high
Experts have never felt better about housing affordability around the country, with signs that first home buyers may finally get a foothold into real estate. …
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Return to CBDs should be a New Year resolution
Office occupancy in major CBDs is still well below pre-COVID pandemic levels, and most building owners or managers do not expect to see an increase in CBD office occupancy for three months or longer. …
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Capital city home prices go up in a ‘resilient’ Australian property market
Median house prices in all Australian cities increased by 0.4 per cent during the September quarter, despite the effects of COVID-19. …
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Ray White Rural donates $100k to help farmers put Christmas dinner on tables
A small foundation run by big hearts will help drought-stricken farmers put food on the table this Christmas thanks to a generous donation. Ray White Rural chairman Paul White has donated $100,000 to the Drought Angels to support farming families in need in the lead up to Christmas. Mr White… …
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Our 10 most listened-to podcasts of 2020
10 Josh Tesolin: Digital marketing masterclass Do you want to know the secrets behind Josh Tesolin becoming agent of the year? From quickly adapting to COVID-19 to hot marketing tips and why using video and social media is more important than ever before, Josh shares in-depth insights into how he… …
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Elders record their strongest result in five years
Rural and agribusiness real estate specialist Elders released their end of year result, reporting a profit after tax of $122.9 million and underlying EBIT of $119.4 million, representing a 62 per cent increase on the previous financial year. The company reports transacting just over $5 billion in sales during the… …
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Sydney and Melbourne set for high capital growth in 2021
Pete Wargent, COO of property buyer's agent platform BuyersBuyers.com.au, says that the housing market landscape has shifted quickly over the past three months, with prices now rising across the capital cities and buyer sentiment surging. Mr. Wargent of BuyersBuyers.com.au said 'enquiry has picked up strongly over the past six weeks,… …
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Auctions clock 75.1 per cent preliminary success rate
The preliminary clearance rate is sitting at 75.1 per cent after a weekend that saw 2065 auctions held across the capitals. CoreLogic notes the volume is down slightly on the week prior when 2168 auctions were held, but the initial success rate has risen from last week’s 73.9 per cent,… …
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Eview Group celebrates its best for 2020 with an interactive global event
Using the latest virtual technology and partnering with a leading event company in Melbourne, this year's Eview Group awards were televised live with interactive communication crossing to all nominees and award winners. "One minute we were in Melbourne, the next on the Sunshine Coast and then across the globe to… …
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Work from home trend to continue to impact real estate in 2021: LJ Hooker
A recent survey conducted by LJ Hooker found that prior to COVID, 79 per cent of people worked at their place of work and 21 per cent from home. This shifted over the course of the year, with 38 per cent of people currently working from home. Furthermore, only 64… …
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2 in 3 Aussies better off due to restrictions and govt stimulus
A recent survey from Money.com.au reveals two in three Australians have accumulated more money in their hip pocket this year, as a result of reduced spending, government stimulus, and loan repayment deferrals. The survey of 1013 consumers asked respondents questions about their earnings between April and October this year compared… …
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Homely reaffirms their commitment to real estate agents
Homely.com.au has reaffirmed their stance as an agent-friendly real estate portal, confirming today they will continue as an agent-only listing platform. As an industry-backed property portal, Homely notes they are an advocate for the betterment of the real estate industry and all those it services. “We believe it’s in the… …
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First home-buyers dominate for the first time in 10 years: REIA
The most recent 'Housing Affordability Report (HAR)' revealed a 10-year high for first home ownership and an overall improvement in housing affordability across Australia. REIA President, Adrian Kelly, said a combination of factors meant that housing affordability has faced a bright spot for those who entered the market during the… …
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Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September.According to CoreLogic’s Head of Research,… …
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Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," With interest rates set to remain at these record lows for an extended period of time, attention is already focusing on how to manage associated risks of an 'over-heated' housing market while at… …
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Detached house building approvals hit a 20-year high
"October 2020 was the best month for new detached house building approvals in almost 21 years,"Master Builders Australia Chief Economist Shane Garrett said. During October 2020, a total of 10,936 new detached houses received building approval. The last time a higher figure was recorded was back in February 2000. "The… …
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1.1 million Aussies plan to sell their houses in the next six months
DFA’s survey data concluded that over 1.1 million Australians intend to sell their property in the next six months. In terms of the demographics, 298,093 international owners (foreign citizens and Australians living overseas), 309,032 investors, 115,893 up traders, 350,093 down traders and 28,003 first home buyers intend to sell in… …
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50 lenders now offer mortgages under 2 per cent
There are 50 lenders now offering a total of 126 home loan under 2 per cent. That's 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a '1'. On the average $400,000 home loan, a rate under 2 per… …
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89 per cent of property experts want land tax not stamp duty
Finder's RBA cash rate survey: 89% of experts support axing stamp duty nationally News highlights: Majority of respondents in favour of national land tax rollout Brisbane ranked as best capital city to buy property All experts surveyed (40/40) predict a cash rate hold for December 30 November 2020, Sydney, Australia -… …
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HomeBuilder extension announced
The Federal Government has announced an extension of the HomeBuilder grant in a move that’s been widely welcomed by the property sector On Sunday, Prime Minister Scott Morrison announced the extension of the scheme at a reduced rate until March 31. The HomeBuilder scheme was initially devised as a COVID-19… …
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Melbourne overtakes Sydney as busiest auction market
The preliminary clearance rate has held firm, keeping pace with a rise in auction volumes this weekend as Melbourne overtook Sydney to become the busiest capital. This week CoreLogic reports 2155 homes were scheduled for auction across the combined capital cities, up from 1803 the week prior. Of the 1763… …
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Which are the most affordable and liveable suburbs?
Research from PRD Real Estate has revealed the most affordable and liveable suburbs in Sydney, Melbourne, Brisbane, and Hobart, as we swing into the new year. PRD calculated the difference between the average home loan in a state, and the median unit and house prices in the suburbs to measure… …
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‘Building Stronger Homes’ to make Aussie buildings more fire resilient
The Master Builders Australia and the Insurance Council of Australia brought together a number of peak construction industry bodies, insurance professionals, financial, scientific and economic experts for today's Building Stronger Homes Roundtable. According to the Australian Institute of Architects, this was "an important initial conversation among industry leaders following the… …
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:Different appoints first Head of Leasing and launches rent roll management service
Australian property management company, :Different has appointed seasoned real estate expert Kasey McDonald to the newly-created role of Head of Leasing. …
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Stamp duty is a terrible tax – its evils are well understood: Property Council
This week, State Treasurer Tim Pallas announced the Victorian Government would be slashing stamp duty. It's not the wholesale removal of the tax that New South Wales — for home sales under $1 million only — at a rate of 50 per cent for new build homes and 25 per… …
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Market update: Which regional areas are on the rise?
The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia's 25 largest non-capital city markets, saw Tasmania's Launceston & North East region remain the top performer for houses for the third consecutive quarter (10.5 per cent). However, the thriving Tassie region lost… …
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