Real Estate News
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Kyle Raven soars after launching with UrbanX
For 15 years, Kyle Raven has built a reputation around his passion for real estate and the time has come for him to put his own name on the door, launching Kyle Raven in Wangaratta, Victoria. Kyle’s dedication, discipline, and expertise in the field has now led him to partner with UrbanX to bring a consistent high standard to his…
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Property market was a rollercoaster in 2022
From a once-in-a-generation property boom to a clear downturn, Australia’s property market has been a rollercoaster in 2022.
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Carey Smith recognised for contributions to real estate industry
Ray White New Zealand has grown from 56 offices to 195 offices with its market share sitting at 23.86 per cent of all residential property sold across the country. The Announcement: Ray White New Zealand Executive Chairman Carey Smith has been recognised as a life member by the Real Estate Institute of New Zealand for his contribution to REINZ and…
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Commercial property in regional Australia to outperform
Commercial property in regional Australia is set to benefit from the changing demographics experienced during Covid with Queensland likely to be the big winner according to a new report.
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Explore Property opens another office to finish the year
With Whitsundays, Mandurah, Augusta and now Atherton Tablelands on board Explore Property continue its emergence through 2022.
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Refinancing burst takes off as rates rise
More Australians are refinancing their home loans at greater rates and for larger amounts on the back of rising interest rates, new data shows.
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Big Four banks quick to pass on interest rate rise
Well, that didn’t take long. Just a few hours after the Reserve Bank lifted the cash rate 25 basis points to 3.10 per cent at its final meeting for 2022, all four big banks announced they would pass the hike on in full.
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Cash rate hits highest point in a decade
The cash rate is now at its highest level since 2012, with the Reserve Bank of Australia (RBA) using its last monetary policy meeting of 2022 to lift the cash rate 25 basis points.
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REIV calls on re-elected State Government to act on stamp duty reform
Disappointed that the real estate sector still doesn’t have a dedicated ministerial portfolio, the Real Estate Institute of Victoria is calling on the re-elected State Government to focus on “good property sector policy”.
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Adelaide and Brisbane to be the strongest performers in 2023
The smaller capital city markets of Adelaide and Brisbane are set to be the top-performing property markets of 2023 according to a new report.
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eXp delivers diverse revenue streams for agent
Victoria Nicholson’s sales career has hit a new high after partnering with the fast-expanding international agency eXp.
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Jarrod O’Neil joins The Agency in WA
One of Western Australia's top real estate agents and recently crowned REIWA Grand Master for 2021/2022, Jarrod O'Neil, has joined The Agency.
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Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
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First-home buyers choosing pets over family
First-home buyers would rather have more space for a pet than be close to their family according to new research.
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New home lending falls to lowest level in three years
New home lending has fallen to the lowest level in three years as industry experts believe it's time for the RBA to stop hiking interest rates.
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Ray White SA’s top salesperson opens new business
Matthew Lindblom, Chief Executive Officer of Ray White South Australia, congratulated Stefan Siciliano on the launch of his new business. The Announcement: Top Ray White South Australian agent Stefan Siciliano has opened Ray White Prospect to service Adelaide’s inner suburbs. Mr Siciliano has been named the network’s top salesperson for three years running after beginning in the industry seven years…
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High performers turn to tech for the edge
Technology continues to play an increasing role in the real estate industry, with more and more high performers relying on online platforms, such as Market Buy, to drive their success forward.
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Auction volumes drop across Sydney in November but sentiment starting to change
Sydney auction volumes have halved compared to this time last year as uncertain vendors have moved across to private treaty sales according to an expert.
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Mark Wahlberg relists Beverly Park mega-mansion at a lower price
Mark Wahlberg has relisted his luxury Beverly Park mansion and is looking at taking a US$8 million haircut in the process.
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Busiest auction week since June
The combined capital cities have had the busiest auction week since mid-June, with 2506 homes going under the hammer.
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Cash rate expected to rise again on Tuesday
The odds of another cash rate rise at this month’s Reserve Bank of Australia (RBA) meeting remain high, with 88 per cent of experts tipping another hike is on the cards.
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Vacancy rates hold steady in November
Vacancy rates across the country remain at record low levels, holding steady at 0.8 per cent according to Domain.
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‘Job crafting’ the new Harcourts NSW BOM role
The appointment has paved the path for a new opening within the Harcourts corporate team as they begin to actively search for a specialised admin support role to underpin the entire team’s day-to-day activities. The Announcement: The innovations continue at Harcourts with the creation of a new position. Harcourts New South Wales is delighted to announce that Corie Forsack has…
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McGrath South Yarra expands with Hayden Melbourne to spearhead growth
The expansion, according to Charlie Clemons and Shaun Broadbent, the principals of McGrath South Yarra, was a significant accomplishment for the company and would give the team an opportunity to grow following the hardships of the pandemic. The Announcement: McGrath South Yarra has announced plans to expand through Melbourne’s Inner East as it joins forces with Hayden Melbourne, an agency with a…
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First metaverse residential skyscraper takes shape
The first metaverse residential skyscraper is officially under construction as virtual real estate continues to grow in popularity.
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Steph Curry quietly sells mansion for $31 million
NBA superstar, Steph Curry has quietly offloaded his California “dream home”, for US$31.2 million. According to The Dirt, Singapore-based Chinese billionaire Forrest Li was the buyer, paying just US$150,000 more than the Golden State Warriors point guard spent on the mansion a little over three years ago. The contemporary stucco and glass structure sits on more than an acre of land…
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Record low rental affordability puts low-income earners under severe rental stress
Surging rents and low vacancy rates are putting an increasing number of households under rental stress, with low-income earners the hardest hit according to a new report.
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Queensland housing crisis action plan revealed
A multimillion dollar cash injection to help struggling tenants stay in their homes, along with an audit of government-owned land will be among the Queensland Government’s response to the recent Housing Summit.
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Stone Real Estate opens Central Sydney office in Waterloo
The Stone Real Estate network has continued its rapid growth in NSW. The Announcement: Boutique real estate firm Stone Real Estate has continued its rapid growth in New South Wales, with the addition of an office in Central Sydney. The newly launched Stone Waterloo will service Waterloo and surrounds, under the direction of Principal Sabrina Wang, and supported by a…
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The band is getting back together at RE/MAX
RE/MAX Australia Managing Director Joel Daveron credits the return of Kai Evans to the growth in the RE/MAX Bayside business. The Announcement: In another big move on the Brisbane Bayside – well know Redlands Agent Kai Evans has returned to RE/MAX. Kai is no stranger to the red, white and blue commenting that his most enjoyable years were while he…
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Property values fall for seventh consecutive month
Property values have dropped more than $50,000 since their peak in April according to the latest CoreLogic Home Value Index.
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Home prices fell in November as rates pressure buyers
Interest rate pressure is contributing to the “downward trend” in home prices, with new data showing values declined again last month.
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The Agency expansion gathers momentum with Rockhampton launch
National real estate group The Agency has continued its expansion in Queensland, launching an office in Rockhampton.
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Long-term commercial investments still performing well
Despite rising interest rates and slowing growth in 2022, commercial property has continued to perform strongly over a long period of time according to an expert.
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