National
215420
-
Extension of HomeBuilder construction start welcomed
The Federal Government’s weekend announcement that the construction commencement requirement for the HomeBuilder has been extended has been welcomed by industry groups. On Saturday, the Government announced an extension from six months to 18 months for the start of construction for all existing applicants. The changes will bring the total … …
Read More » -
Preliminary clearance rate tops 80 per cent on the back of higher volume
The combined capital city preliminary clearance rate has risen to 80.5 per cent this week after volume bounced back from the Easter slowdown. CoreLogic reported 2448 homes were taken to auction this week. Over the week prior, a lower 2199 auctions were held with preliminary figures showing 79.4 per cent … …
Read More » -
Property values are climbing, and so is industry confidence
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels. …
Read More » -
First-home buyers turning attention to homes requiring renovations
First-home buyers are increasingly looking for fixer-uppers to get a foothold in the property market, with four in five Australians planning to renovate their ‘new’ homes after purchasing. …
Read More » -
New home building hits highest level in more than 20 years
New home building surged to its highest level in more than 20 years in the December quarter, with the Housing Industry Association attributing the rise to the Federal Government’s HomeBuilder program. …
Read More » -
Domain report shows house rents hit new highs in most capital cities
Domain has just released its Rent Report for the March quarter, with data showing every capital city in the country bar Melbourne, Perth and Darwin hit new record highs in the first three months of 2021. …
Read More » -
CoreLogic data shows auction clearance rates hit 80 per cent
CoreLogic has released its Quarterly Auction Market Review, today, revealing Australia's combined capital cities clearance rate reached 80.0 per cent over the first quarter of 2021. …
Read More » -
New research reveals first home buyers need six-figure deposit to enter market
According to new research, prospective homeowners in Australia now need a six-figure deposit to purchase a property. …
Read More » -
Direct Connect partners with RACV to give movers access to even more benefits
Moving services company, Direct Connect, has announced an exclusive partnership with the Royal Automotive Club of Victoria (RACV), giving RACV members seamless access to Direct Connect’s moving service. …
Read More » -
Post Easter auction volumes climbing again
Auction volumes rose across the combined capital cities this week with 2170 homes taken to auction, increasing on the 845 auctions held over the Easter week. …
Read More » -
Ray White reports record month of transactions in March
Records are continuing to tumble in the Australian property market, with Ray White Group reporting a record month of transactions in March. …
Read More » -
CoreLogic data confirms national housing values hit new record high last month
Low mortgage rates, a rise in consumer sentiment and low listing volumes combined to propel national housing values to new record highs in March, according to CoreLogic’s latest Property Pulse report. …
Read More » -
Properties selling at record speeds according to latest REA Insights Property Outlook Report
The Australian property is showing no signs of slowing down for the remainder of 2021, with the latest REA Insights Housing Market Indicators Report revealing views per listing are at record highs and days on site at record lows. …
Read More » -
Console Cloud integration with Snug will streamline leasing process for property managers
A new application integration from software company Console Cloud will enable property managers to streamline the leasing journey. …
Read More » -
One in five first-time buyers considering crossing the border to enter property market
First-time homebuyers are increasingly looking outside their own back yards in an attempt to get a foothold in the property market, with many considering purchasing interstate, according to new research from comparison site Finder. …
Read More » -
Why ‘Pay On Success’ is a real estate game-changer for you and your vendor
As an agent, you know selling a home is a rewarding experience, however discussing the upfront costs for the marketing budget with your vendor always creates some friction in your otherwise streamlined process. …
Read More » -
Openn season: Reserve prices smashed using online negotiation platform
Reserve property prices are continuing to be smashed around the country, as Australia’s surging property market continues to exceed expectations due to pent-up buyer demand. …
Read More » -
Reserve Bank Board maintains current policy settings and leaves official cash rate on hold
As had widely been expected, the Reserve Bank Board opted to leave the official interest rate on hold at its meeting today, with the official cash rate remaining at the historic low of 10 basis points. …
Read More » -
CoreLogic data reveals busiest Easter auction week on record
The weekend before the four-day break helped make for the highest-volume week of auctions in three years, but that didn’t stop buyers and sellers coming out in droves over the weekend for the busiest Easter week of activity on record. …
Read More » -
Balancing act: How do you expand regional centres without destroying their character?
With massive population growth in the regions over the past year, ensuring regional areas can sustainably expand without losing the character that made them attractive in the first place is often a difficult balancing act. …
Read More » -
Expats are coming home to boost Australia’s already-soaring property market
Well-heeled expatriates returning to Australia are helping drive the nation’s booming property market to new highs, according to the Property Investment Professionals of Australia. …
Read More » -
REIA welcomes end of moratorium on rental evictions
The Real Estate Institute of Australia (REIA) has welcomed the end of rental eviction moratoriums in many states but has urged landlords and tenants to keep the lines of communication open. …
Read More » -
The CEO Magazine announces new Real Estate Executive of the Year award
The CEO Magazine has just announced applications are open for its annual Executive of the Year Awards, and this year the publication has announced a series of new categories, including one aimed specifically at real estate industry leaders. …
Read More » -
Capital city CBD occupancy rates on the rise
The latest Property Council of Australia office occupancy survey has revealed more workers are returning to capital city CBDs, with figures showing Melbourne, Sydney and Perth recorded a rise in occupancy levels in March. …
Read More » -
REA Group announces proposal to acquire Mortgage Choice
REA Group has today announced a proposal to acquire publicly listed mortgage-broking firm Mortgage Choice. …
Read More » -
Clearance rate rises in busiest week of auctions since 2018
The busiest week of auctions since 2018 proved a major success, with the preliminary clearance rate sitting at 84.4 per cent after 3791 properties were taken to auction at the weekend. CoreLogic noted this is the highest volume of auctions since March 25, 2018 when 3990 capital city homes went … …
Read More » -
The Agency announces appointment of Geoff Lucas as Group CEO
The Agency has just announced the appointment of Geoff Lucas as Group CEO, with the highly experienced industry executive set to start the new role March 29. …
Read More » -
Auction volume rising, clearance rate holds firm
It’s been the busiest auction week since April last year, and volume is set to increase again, with CoreLogic tipping a three-year auction volume high next Saturday when 3800 properties are slated to go under the hammer. Key auction market points Busiest week since April last yearPreliminary clearance rate: 82 … …
Read More » -
Riskwise warns of possible credit restrictions to cool housing market
According to RiskWise Property Research, there is a possibility that regulators could introduce credit restrictions later this year in an attempt to slow down Australia’s booming housing market. …
Read More » -
Australia second-most-popular offshore destination for Asian property investors
Despite the COVID-19 pandemic having restricted and reduced the physical movement of Asian real estate buyers around the world, it has not dampened enthusiasm for overseas real estate. …
Read More » -
Houses the standout performers as auction volumes rise
Auction volumes rose across the combined capital cities this week, with 2232 homes taken to auction, marking the second highest number of weekly auctions this year. …
Read More » -
Market confidence ensures strong start to 2021 for new home sales
New home sales have surged in Australia over the past 12 months, with the latest Housing Industry of Australia (HIA) New Home Sales report showing new home sales last month were 1.7 per cent higher than they were in February 2020. …
Read More » -
Trigger happy: Rex announces integration with automated tech tool Zapier
Rex Software has integrated a new automation tool into its CRM that has helped US agents reduce their lead follow-up time by 90 per cent. …
Read More » -
Reserve Bank Governor issues warning on housing prices
In a speech in Sydney on Wednesday, Reserve Bank Governor Dr Philip Lowe has issued a warning about the current boom in the Australian property market - and raised the possibility of regulators stepping in to address the situation. …
Read More » -
Report finds fixing income equality key to addressing property ownership imbalance
A new report released by CoreLogic suggests addressing gender income equality could also help close the gender wealth gap as it pertains to real estate over time. …
Read More »
