Real Estate News
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Agent numbers surge for Area Specialist
Real estate agency platform, Area Specialist, has had a record couple of months, with 21 agents signing up to join the unique system.
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Increasing property prices see stamp duty skyrocket
Property prices have soared throughout the pandemic, as more Australians seek to achieve work/life balance, relocating to lifestyle locations in droves.
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Online auctions here to stay, as volumes surge this weekend
Australian capital cities are set to have their busiest auction week since late March, and their fourth busiest week since CoreLogic records commenced in 2008. This week 3810 homes are expected to go under the hammer – double the volumes recorded this time last year. Continuing the upward trend seen since early October, Sydney is set to host 1439 auctions…
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Childcare centres the latest hot property for investors
Demand for childcare centres is swiftly increasing with investors attracted to high leasing rates, long-term tenancy options and reassurance that the industry is an essential service. Colliers Associate Director, Melbourne Metro Sales, Ben Baines said childcare assets were one of the most highly sought in 2021. “Nationally this year, in excess of $200 million worth of childcare assets have transacted,…
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Liz Todd launches boutique agency on the Mornington Peninsula
High-end agent, and well-known member of the Mornington Peninsula community, Liz Todd has taken the next step in her career and launched her own business, Coastal Agents, powered by UrbanX.
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Market Buy appoints John Hellaby as new CEO
The online offer pioneer, Market Buy, has announced the appointment of John Hellaby as its new Chief Executive Officer.
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Metro Adelaide sets new record for median price
Metropolitan Adelaide has recorded a record-breaking median price increase of 13.82 per cent year-on-year, up 3.7 per cent from the previous quarter, according to new data. The new median price for the region has climbed to $560,000, which is also a record, the data revealed. The Real Estate Institute of South Australia’s Valuer-General’s price data for the 2021 September quarter…
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South Sydney flagged as emerging commercial hot spot
An increasing number of small businesses are basing their offices closer to employees, as the state emerges from lockdown fatigue, according to property expert and Urbis Regional Director, Princess Ventura. Ms Ventura, who will feature in the upcoming Dye & Durham, Future Property & Development Insights Virtual Roadshow Series, said some businesses were spreading their operations across multiple offices to…
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Return of international students welcome news for investors
The impending return of international students will be welcome news to Sydney investors, particularly those with apartments near the city’s universities. With most Sydney residents now vaccinated against COVID-19, the NSW Government has announced hundreds of international students will be permitted to return from as early as December, with tens of thousands to follow in 2022. Century 21 Eastern Beaches…
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REA Group completes transaction to sell Hong Kong assets
REA Group has completed a transaction to sell its Squarefoot.com.hk business assets in Hong Kong to 28Hse, a Hong Kong online real estate listings portal.
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Cash or crypto: vendors accepting Bitcoin ‘a natural progression’
A unique sprawling property, including a beach-house, studio and its very own island, has been listed for sale, with buyers offered the choice of cash or cryptocurrency when it comes to making payment.
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Luxury Queensland homes with Turkish steam rooms and teppanyaki hot plates
With the nickname “Millionaire’s Row”, it’s no surprise to see a property on Hedges Ave, Mermaid Beach, feature in the list of most expensive house sales in Queensland in the past 12 months. Spread across four levels, 159 Hedges Ave sold for $15.75 million earlier this year and features multiple outdoor entertaining terraces and bars, a sparkling in-ground pool, wine…
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Rexfest Live shares the secret to leveraging digital marketing
Internet users are spending almost two and a half hours on social media every day, according to information revealed at Rexlabs’ second Rexfest Live event, providing a huge, and largely untapped, opportunity for real estate professionals.
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Gold Coast property market pressure ‘some of the highest in the country’
Gold Coast property prices have surged since the start of the pandemic, following a decade of steady growth. Property market pressure in the region is now some of the highest in the country, according to a new Market Pressure Review Report. The data, released by InvestorKit, showed Broadbeach – Burleigh experienced the most significant growth, with property prices increasing 38.2…
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APRA tells standing committee its role is not to target house prices
The Australian Prudential Regulatory Authority (APRA) has appeared before the Standing Committee on Tax and Revenue, outlining its role in the financial regulatory system.
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Final countdown before AREAs submissions close
REA Group customers have until midnight Wednesday 17 November to finalise submissions for the Annual REA Excellence Awards (AREAs).
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Rising interest rates won’t burst the property market
Interest rates don’t create property booms or busts, according to new research by the Property Investment Professionals of Australia.
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What agents need to tell potential buyers about house flipping
A real estate agent’s reputation is their lifeblood, so it’s critical they give the right advice when it comes to flipping houses.
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Vacancy rates fall across most of NSW, except Inner-City Sydney
Vacancy rates across Sydney and much of New South Wales have dropped this month, while the Inner Ring bucked the trend, experiencing its highest vacancy rate rise since June.
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Auction volumes up 79.4 per cent since early October
High auction volumes continued this week, rising 8.2 per cent on the week prior to see 3562 properties go under the hammer. CoreLogic tips this weekly increase in volumes is likely to continue now lockdown restrictions have eased in Sydney, Melbourne and Canberra, with auction volumes increasing by 79.4 per cent since the first week of October. “With each week…
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Changes to money laundering laws must consider home buyers, tenants and small business, says REIA
The Real Estate Institute of Australia (REIA) has urged the Inquiry into Australia's anti-money laundering and counter-terrorism financing regime to consider genuine home buyers, tenants and real estate agencies when making its recommendations.
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Average NZ home value tops $1 million
Lockdowns have done little to dampen buyer demand in New Zealand where house values have reached a new high.
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HomeBuilder legacy lives on in record number of houses being built
The legacy of the HomeBuilder initiative lives on, with a record number of houses commencing construction in the recent June quarter.
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New listings across the capitals reach highest number on record
New listings across Australia’s capital cities reached a record high in October, with sellers flocking to the market due to eased restrictions.
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Retired NBL star Shaquille O’Neal sells his Lake Butler mansion
Despite dropping the price twice, American basketball legend Shaquille O’Neal made a cool $7.05 million profit, following the sale of his Isleworth, Lake Butler estate near Orlando, Florida.
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Australians put property buying plans on hold
Australians are putting their property buying plans on hold as the year comes to a close, according to newly released data.
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Rise in listings and auction volumes as Spring comes to an end
Domain’s latest weekly property report has revealed a rise in listing and auction volumes as spring draws to a close.
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Properties selling at warp speed
Australian properties are selling at their fastest rate in five years with weekly sales volumes also reaching their highest level this year, fresh data reveals. The REA Group’s latest PropTrack Housing Market Indicators Report showed that in October buyers snapped properties up quickly, with the median amount of time a property was listed on realestate.com.au before selling dropping to just…
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Noosa’s Suter Smith Cleine celebrates record first month
Four of Noosa’s best-known agents have launched their own business, celebrating their first month on the UrbanX platform with a record $19.15 million in sales.
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Husband and wife team open third C21 office, following record sale
Having been married for almost 30 years, Shelley and Tony Bezuidenhout know exactly what to expect from one another.
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NZ First Home Buyers hit record market share
Despite tough market conditions and rapidly rising house prices, first home buyers in New Zealand have hit record high market share.
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Survey analyses real estate professionals mental health in tough year
A leading mindset coach conducting research for a whitepaper analysing the mental health and wellness of real estate professionals is searching for more respondents. Jet Xavier says the Revive survey takes just a couple of minutes to fill in and the results are used to help inform projects such as the Rise Initiative and the Real Care App, as well…
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Are we in a housing bubble? Nerida Conisbee offers her thoughts
Ray White Chief Economist Nerida Conisbee offers her perspective on whether or not the current high prices represent a housing bubble
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The 20 housing markets to watch around Australia
Queensland suburbs have taken out the top three spots in the Well Home Loans Green Shoots Report, which identifies the top 20 Australian suburbs likely to experience strong growth in 2022.
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Landlords make the move to Ray White AKG
Ray White AKG has had a flurry of landlords joining their service offering in the last three months.
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