Real Estate News
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Australian residential property value nears $10 trillion
The total value of Australia’s 10.8 million residential properties has increased at record pace to nearly $10 trillion ($9901.6 billion) according to new data.
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How agencies are coping with losing management fees from flood-affected homes
Real estate agencies in flood-ravaged Northern NSW have urged others to set aside some profits every month, with their ‘rainy day’ disaster funds now coming in handy.
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Coming clean: the most satisfying TikTok videos
If you’ve ever wanted to quickly clean up a carpet stain minutes before an open home then data from a new study on TikTok trends shows that you’re not alone.
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Domain Trailblazer Awards to recognise emerging talent
Domain will recognise emerging agents and property managers who find innovative ways to help colleagues, clients and their business reach their goals, with a new awards series.
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REA Group refreshes property.com.au
REA Group has today announced a refresh to property.com.au, the first investment in the property website in a number of years.
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Jonah Hill selling his Lower Manhattan loft for $11 million
Funnyman Jonah Hill is selling his Lower Manhattan loft for US$11 million having recently purchased a new home in Malibu.
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Investors driving rising markets on Herron Todd White property clock
Soaring Sydney property prices in 2021 “overshadowed” another key market trend of rising rental rates, according to the latest Herron Todd White (HTW) Month in Review.
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House prices grew at the fastest rate in 20 years
National house prices grew at 25.1 per cent in 2021, making it the fastest annual growth rate in 20 years, according to new data.
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Reapit set to expand portfolio with acquisition of Console
Cloud-based property software provider Reapit, backed by private equity firm Accel-KKR (AKKR), has announced the acquisition of Console.
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Western Sydney duo seizes the chance to make their own decisions
Two Western Sydney agents have joined forces, to launch their own business, InHaus Estate Agents, powered by UrbanX.
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Kerry Washington’s former New York rental for sale
The luxury New York penthouse Scandal actress Kerry Washington used to rent has hit the market with the hefty price tag of US$25 million.
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Successive rate rises the biggest risk for homeowners
Successive interest rate increases from the RBA when they begin their tightening cycle could be the biggest issue for homeowners according to a leading expert.
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Australian house prices grow at the fastest rate in the world
Australia has taken top spot as the country with the highest rate of annual price growth in 2021.
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Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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Sherrie Storor: One size doesn’t fit all
Agents looking to build their profile, convert more appraisals to listings, grow their team and streamline their business processes and strategies have a wealth of knowledge waiting for them in an array of workshops from one of the real estate industry’s top coaches.
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Elon Musk unloads his $130 million property portfolio
After declaring he would “own no house”, billionaire entrepreneur Elon Musk has made good on his promise and successfully unloaded his entire US$130 million property portfolio.
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The Australian suburbs facing a rental crisis
South Australia, NSW, and Tasmania contain the most suburbs desperate for more rental stock with many locations now seeing zero per cent vacancy rates, according to new research.
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Looking after the welfare of his team: David Gray, Elders Lismore
When floodwaters swept through Lismore and much of the Northern Rivers, David Gray’s thoughts turned to his community, but as the principal of multiple offices, his priority was the welfare of his team.
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More Aussies intend to buy a home
A boost in home-buying intentions and increased spending on transport post lockdown are behind an increase in the CommBank Household Spending Intentions (HSI) index.
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East Coast floods to affect vacancy rates
The floods in Northern NSW could impinge on the state’s already tight vacancy rates according to industry experts.
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Auction volumes down by almost a third
Auction volumes have dropped by almost a third this week, but it is not recent flooding in Queensland and New South Wales that is the culprit but rather long weekends in four capitals.
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Perth’s median property price grows $325,000 in 20 years
The Perth property market has grown steadily over the last two decades with the median house price increasing by $325,000 in 20 years.
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Propps and First National partner up to streamline buying and selling
Proptech innovator Propps and the 350+ office First National network have joined forces to make the Propps digital offer management platform available to First National agents and their customers everywhere, streamlining the property transaction process for everyone.
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NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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The ‘mass devastation’ in Lismore revealed
In Lismore, Ray White’s office was among the businesses inundated with flood water, but principal Neil Scott’s focus isn’t on the personal impact. His thoughts are firmly with his community. Video courtesy of Ray White. Widely considered ground zero of the recent flood event, Lismore endured unprecedented levels of flooding throughout the township. In a video from the front of…
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Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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The legal must-haves of going out on your own
When it comes to starting a business, there’s a lot to get your head around, but nothing more complicated – or important - than the legal ins and outs.
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Place Estate Agents open around the clock with Propic AI
Queensland's Place Estate Agents has joined forces with Australian real estate PropTech innovator, Propic, to use its Artificial Intelligence (AI) technology to respond to sales and rental inquiries in the hot Brisbane market 24/7.
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Listings surge in busiest start to the year in almost a decade
Listing volumes across the country have surged, providing buyers relief from previously tight stock levels.
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Office occupancy rates start to bounce back post-Omicron peak
After nearly two years of working from home, Australians are finally starting to head back to the office.
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25 years after bringing Harcourts to Australia, the Greens still love Brisbane
25 years ago, on the 4th March 1997, Mike and Irene Green opened the first four Harcourts' offices, less than two months after they'd arrived in Brisbane from Auckland with two young boys and one big ambition - to take New Zealand's most successful real estate brand, Harcourts, to a country where it was almost completely unknown and franchise it.
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Eastell and Co grows 337 per cent in second year with UrbanX
Two years ago, Clinton Eastell decided to step outside of his comfort zone and launch his own business on the Sunshine Coast.
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Housing affordability stress ahead of the federal election
A social housing campaign group has called on the Federal Government to tackle Australia's growing affordable housing crisis, with a poll in the swing seat of Longman showing almost two-thirds of residents believe affording to buy or rent is excessively difficult.
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Actor Matthew Morrison lands a buyer for his Hollywood Hills home
Glee star Matthew Morrison has tripled his money after securing a buyer for his renovated Hollywood Hills home.
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