Real Estate News
-
Melbourne climbs its way to the top as one of the world’s ‘hub cities’
Melbourne has achieved the world’s largest gain in rank in the Heitman Real Estate Securities Group’s annual real estate rankings, while Sydney ranked in the top 10. This year’s Global Prime Real Estate Securities rankings were topped by London, New York, Paris, and Tokyo, with the top four cities retaining their spots from the 2020 ranking. Melbourne, which benefitted from…
Read More » -
Home owners are happier than renters, research shows
The Great Australian Dream is a concept as old as time, and new research has now confirmed owning your own home could in fact be the key to happiness. According to Finder’s Consumer Sentiment Tracker, a nationally representative survey of more than 30,000 respondents, those who rent report lower levels of happiness and higher levels of money stress than homeowners.On average 83…
Read More » -
Confidence high as property industry ready for economic recovery
Confidence in Australia’s property sector has hit its highest point since March 2018, with the industry gearing up for a strong economic recovery in 2022, according to the ANZ/Property Council latest survey. The Confidence Index rose 12 points nationally in the December quarter, off the back of substantial confidence boosts in the ACT (33 point increase), Victoria (25 point increase)…
Read More » -
REIA elects Hayden Groves as president
The Board of the Real Estate Institute of Australia (REIA) has today (15 December 2021) elected leading Western Australian agent Hayden Groves as REIA's new President.
Read More » -
Sun still shining on Queensland property market
The demand for Queensland's residential property market appears to be insatiable with the latest median house price data from the REIQ showing another period of strong performance over the September 2021 quarter (July - September 2021).
Read More » -
Work-life balance is the key to an agency’s success
Great staff members are hard to find, and with a growing team over multiple offices Roy Amery knows the value of dedicated personnel.
Read More » -
House prices rise at the highest rate in 20 years
Australian house prices have increased by 23.4 per cent over the past year, the highest rate of growth in 20 years, according to recent Real Estate Institute of Australia’s (REIA) figures. The REIA’s Real Estate Market Facts report revealed this was the first time since June 2002 that the annual increase had been higher than 20 per cent. REIA President…
Read More » -
If you want to grow your business, there is only one option for you
Starting your own business can be a challenging decision, but it can also be the most rewarding of your life.
Read More » -
New Zealand property market trends to watch in 2022
For the New Zealand real estate market, 2021 has been the year the government stepped in and regulatory pressures increased in an effort to curtail rapidly rising property prices. Across the country the 12-month change in median values recorded jumps of between 6.7 per cent in Sunshine Bay, and a whopping 47.7 per cent in Woodville. The figures, released in…
Read More » -
Six out of eight capital cities deemed ‘affordable markets’
Despite an unprecedented property boom in 2021, new research reveals house prices across most of the country are ‘undervalued’ – suggesting positive signs of housing affordability. But Sydney and Melbourne house prices have now exceeded the affordability threshold. The data, compiled by InvestorKit, analysed housing affordability through home loan serviceability – the ability to make repayments on a loan –…
Read More » -
Almost two-thirds of borrowers use mortgage brokers
As competition ramps up within the lending space, more buyers are seeking the services of mortgage brokers to help them fully understand their options. Mortgage brokers accounted for almost 67 per cent of mortgages written last quarter, according to the latest figures from the Mortgage & Finance Association of Australia (MFAA). The result is 6.8 per cent higher than the…
Read More » -
15 real estate professionals offer their property market predictions for 2022
After a bumper year for real estate, there’s a lot of talk about what the property market will do in 2022.
Read More » -
The best in the west: luxury homes in WA
From sparkling in-ground pools to water views, teppanyaki plates and circular glass showers, a lot of luxurious homes have sold in Western Australia in the past 12 months. If you have an address in western Perth’s affluent suburb of Peppermint Grove you’re almost guaranteed to make the list of the state’s most luxurious sales, while Mosman Park is another standout…
Read More » -
Market Buy introduces immediate deposit transfer
Market Buy’s new direct deposit function is helping agents keep their deals together in a market where single buyers are submitting offers across multiple properties.
Read More » -
Nerida Conisbee’s top seven predictions for 2022
Since the start of the pandemic, Australian house prices have skyrocketed, rising by almost 24 per cent and remaining at record highs. Until now, prices have continued to rise. According to Ray White Chief Economist, Nerida Conisbee, growth over the past three months has been higher than the previous three. But while on most metrics, there is little evidence of…
Read More » -
6 metre wide Darling Point home sells for $15.5M in just nine days
Sydney’s skinniest harbourfront home, previously owned by the late Lady Susan Renouf, has sold for $15.5 million, snapped up by a Melbourne couple before its February 12 auction date. At just six metres wide, the Darling Point residence was only listed for sale on December 3, according to realestate.com.au. CoreLogic records show the last time the property sold, in June…
Read More » -
Records smashed as almost 5000 properties go under the hammer
Another auction record has been smashed with almost 5000 properties taken to auction in a week where volumes far exceeded all previous highs across almost every capital.
Read More » -
Alison Hatch takes out Transform XII title
The leader of Best Nest Property Management, Alison Hatch, has been named the winner of Transform XII after devising a 2022 marketing plan that focuses on rebuilding market presence lost during Sydney’s lengthy COVID-19 lockdown.
Read More » -
How property aids Australia’s pandemic recovery
Regional property prices grew at a higher rate than Australia’s combined capital cities in 2021, helping underpin the country’s economic recovery from the pandemic, new analysis reveals.
Read More » -
First Home Loan Deposit Scheme issues more than 4600 new guarantees
Aspiring first home buyers are being urged to secure their place in the First Home Loan Deposit Scheme (FHLDS) before Christmas, with the release of more than 4600 new guarantees.
Read More » -
Australia makes Top 5 of Knight Frank Global Price Index
Australia has moved into the Top 5 countries for house price growth for the first time in six years with almost 20 per cent annual growth for the year to September.
Read More » -
Canstar report reveals some Aussies expect property prices to ‘skyrocket’
Despite property prices soaring more than 20 per cent this year, 18 per cent of Australians expect prices to “skyrocket” further at some point in the next two years, according to new research. Canstar’s fifth annual Consumer Pulse Report also showed 44 per cent of Aussies expect house prices to continue to grow at a steady pace, while 12 per…
Read More » -
The neighbourhood that’s going to get 100 3D-printed homes
One of America’s leading homebuilders is joining forces with a construction technologies firm to build the country’s largest community of 3D-printed homes in Texas. Lennar and ICON are breaking new ground with the development of the 100-strong community, codesigned by the acclaimed architecture firm, BIG-Bjarke Ingels Group, using ICON’s innovating robotics, software, and advanced materials. ICON’s 3D printing technology produces…
Read More » -
How these agents quadrupled their earnings
Real estate coach Sherrie Storor is set to share her secrets on how she helped some of the nation’s top agents quadruple their incomes in a free online experience starting December 13.
Read More » -
Australia’s most popular investment location revealed
Remote and borderless investing has been supercharged by COVID-19, with new data revealing property investors have doubled the distance between where they live and why they invest, in response to the pandemic. Managing Director of MCG Quantity Surveyors Mike Mortlock said the latest Property vs. Postal survey revealed a picture of changing investor buying habits. The numbers showed the average…
Read More » -
A record-breaking year and trends to watch in 2022
Australia has smashed property records in 2021, racking up the highest number of sales and fastest rate of annual house price growth on record, according to new research. Domain’s End of Year Wrap shows that 446,800 houses and 144,500 units sold this year, with the combined capital city house price quickly closing in on the magic $1 million mark. It’s…
Read More » -
Listings soar as sellers get moving before Christmas
Property listings are skyrocketing in the lead up to Christmas, with November numbers surging to multi-year highs. REA Group’s PropTrack Listings Report for December showed sellers scrambling to make up for lost time, despite November typically being a little seasonally slower than October. PropTrack Economist and report author, Angus Moore, said property market activity continued to soar in November as…
Read More » -
Report tips Sydney’s top performers for 2022
Rydalmere is tipped to be among Sydney’s best performers in 2022, according to a recent report which has crunched the numbers and looked at growth indicators for more than 600 Sydney suburbs. According to the Shore Financial State of Sydney Report, the suburb, which is next to Parramatta in Sydney’s west, could enjoy price growth of 17.4 per cent in…
Read More » -
Australian families spend 36 per cent of their income on their mortgage
Housing affordability continued its decline in the September quarter with hard-hit first-home buyers pulling out of the market, the latest Real Estate Institute of Australia (REIA) analysis shows. The REIA’s Housing Affordability Report found 36.2 per cent of owner-occupiers’ income went to paying their mortgage, which is a 3.9 percentage point rise over the past year. The national median weekly…
Read More » -
REA Group expands to deliver unique supply and demand insights
REA Group is empowering its customers with more supply and demand data than ever before following the expansion of realestate.com.au’s CMA this week.
Read More » -
Million-dollar agent starts his own business to chase his dreams
It is a passion for people and providing amazing service that has motivated high-performing Ipswich agent, Jordan Strudwick to launch his own business, STRUD Property powered by UrbanX.
Read More » -
NZ property market set to shift in 2022
A switch to a ‘buyer’s market’ is on the cards for New Zealand during the second half of 2022, according to CoreLogic’s latest Market Pulse. But buyers might have to work a little harder to secure finance, according to CoreLogic NZ Chief Property Economist Kelvin Davidson. “For some time now, the tight supply of listings on the market, set up…
Read More » -
Australian homes are now valued at more than $9.2 trillion
Australian residential property prices have recorded their strongest annual growth in 18 years, and are now valued at more than $9 trillion, according to new data. The Australian Bureau of Statistics has released its Residential Property Price Indexes: Eight Capital Cities report for the September quarter and it shows the total value of the nation’s 10.7 million residential dwelling jumped…
Read More » -
REIWA’s 2022 predictions for Perth’s housing market
Perth house prices will rise a further 10 per cent in 2022, according to REIWA’s latest figures, which show Western Australia’s strong property market is set to continue. The prediction comes off the back of a strong 2021 that saw Perth’s property prices rise by 14 per cent. REIWA President Damian Collins said despite the strong price growth recorded in…
Read More » -
RBA keeps cash rate on hold with Omicron a new source of uncertainty
At its final meeting for 2021, the Reserve Bank of Australia has opted to keep the official cash rate at its historic low of 0.1 per cent, with a new Covid variant causing some market uncertainty. In his monthly statement today, RBA Governor Dr Philip Lowe said the Australian economy was recovering well from the setback the Delta outbreak caused,…
Read More »