Real Estate News
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What makes an ideal commercial property for an investor?
The commercial property sector in Australia has shown signs of getting hot after more than a year beset by the COVID pandemic.
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Simon Pressley: What 2022 has in store for Australian real estate
Adelaide, Brisbane, Hobart and Canberra could produce between 30 and 45 per cent capital growth for detached houses in the next two years, according to a leading property market analyst.
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Two-speed market as capital city price growth diverges
It’s been a tale of two halves when it comes to capital city property price growth, with the latest data showing Brisbane and Adelaide continuing to rise while Melbourne housing values have started falling. The CoreLogic Hedonic Home Value Index showed Australian housing values rose one per cent in December, slowing from a 1.3 per cent climb in November. The…
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December report reveals tight rental conditions
Rental conditions remain tight, with further strain expected as borders reopen, according to Domain’s latest Rental Vacancy Report.
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“It’s as if home building can’t scale up”: Here are 10 graphs that tell interesting stories about Australia (and real estate) in 2021
“One of the first things you have to decide on with a musical is why should there be songs.” The person speaking is Stephen Sondheim, the writer of some of the best songs for musicals in the 20th century, who died in November aged 91. You can put songs in any story, but what I think you have to look…
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With a focus on growth, The Agency announces the appointment of Geoff Lucas to the role of Managing Director and CEO
The Agency announced via the ASX that Geoff Lucas will take the role of Managing Director and CEO effective 28 January 2022. Mr Lucas has held the position of Group CEO of The Agency since March this year. The move comes from a company board desire to have a Managing Director based on the eastern seaboard. The Agency Chairman, Andrew…
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A year like no other for the property market
Herron Todd White (HTW) has released its final property clock for the year, looking at the factors which drove the property market in 2021.
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How will stalled population growth impact the property market?
With Australia’s international borders closed for the better part of two years, the Federal Government has revised its population outlook, noting there is likely to be a 1.5 million person shortfall by 2030/31 compared to previous predictions.
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$13M in sales for Bayside Property Agents, two months after joining UrbanX
For any agent that is thinking about starting their own business, there is always a fear about losing momentum.
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Block less than five metres wide expected to fetch more than $400,000
A narrow strip of land containing little more than a footpath has hit the market with an asking price of $400,000-plus. Located at 27 Leslie Crescent, Caloundra West, the block is just 4.6m wide and comprises 129sq m of land, according to its realestate.com.au listing. The listing also reveals the reason for the footpath running through the centre of the…
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Real estate roundup: the year that was
The Australian real estate market experienced a record year in 2021, with tight supply and strong demand leading to soaring prices. Agents, vendors and buyers innovated through COVID-19 restrictions, including lengthy lockdowns in Melbourne and Sydney. There were numerous mergers, acquisitions and buyouts, along with notable appointments and some surprising departures. Once again, AREC thrilled and inspired, while the AREAs…
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Property prices drive record household wealth in Australia
Rapidly rising property prices have driven total household wealth to record rates, new data reveals. Figures released by the Australian Bureau of Statistics show total household wealth climbed 4.4 per cent, or 590 billion, in the September quarter to reach a record $13,918.5 billion. Wealth per capita also reached new heights at $540,179, the statistics show. Head of Finance and…
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How AI can help you become a million-dollar agent
Most new agents find prospecting challenging as they don't know who to call and what to say.
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Australia’s top-selling suburbs revealed
New South Wales is home to almost all of the top-selling suburbs for houses in 2021, according to newly released data. The data, released by PropTrack, identified the top 10 Australian locations where median prices have made the biggest percentage gains this year. Nine of those were in New South Wales, with Diamond Beach topping the list with 84 per…
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Second generation agent starts a new chapter in Figtree
Wollongong native and respected agent Michael Moate, along with his devoted team, will send off the year with a bang by launching Richardson & Wrench Figtree.
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New PropTech business leveraging off-market selling surge
With international students set to return to Australian shores next month, new Melbourne based prop-tech business, OpenOpen, is predicting a sharp increase in interest and demand from international purchasers.
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Homebuyers lose $60k deposit to scammers
A young couple has lost more than $60,000 in home deposit savings, after falling victim to a business email compromise scam. This type of scam – which commonly targets homebuyers – has seen a rapid rise in recent years, with the number of cases jumping from 900 in 2019, to 1300 last year, according to The Daily Telegraph. Luke and…
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Property market concludes its busiest ever auction year
Just a week out from Christmas, the auction market continues to show its strength, with 4756 properties going under the hammer across the country.
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The growing hotspot for prestige homes
The number of prestige homes sold in Brisbane has more than tripled since 2019, with 38 homes sold in 2021 for between $5 million and $20 million.
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Economic forecast positive for the property market
The bounce back in the Australian economy forecast in the Mid-Year Economic and Fiscal Outlook (MYFEO) is positive for the property market, the new president of the Real Estate Institute of Australia said.
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REIQ slams Queensland Government’s land tax regime
The Real Estate Institute of Queensland has accused the Queensland State Government of ‘dipping into the piggy bank of property owners’, with its new land tax regime. The REIQ said it was a slap in the face to the very sector that was propping up the economy. The announcement comes off the back of soaring stamp duty revenue, with $5.38…
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Australia’s record-breaking year in real estate
Following an extraordinary 2020, this year has seen Australia’s residential housing market experience unprecedented growth, thanks to continued momentum. Last year’s momentum, combined with monetary and fiscal stimulus measures, has propelled the market, pushing its value to record highs, according to CoreLogic’s annual Best of the Best Report. CoreLogic’s Head of Research Eliza Owen said the estimated value of Australia’s…
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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…
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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…
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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)…
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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.
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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).
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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.
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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…
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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.
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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…
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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 –…
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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…
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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.
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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…
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