Real Estate News
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How Australia ranks for female empowerment and gender equality
Australia has ranked within the top 20 countries in the Female Opportunity Index 2021.
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Richard Matthews Real Estate gets behind Beyond Blue
Richard Matthews Real Estate director and auctioneer Matthew Everingham has announced a fundraising collaboration with Beyond Blue.
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Cash rate remains on hold, but RBA eases up on bond buying
The Reserve Bank of Australia has left the official cash rate on hold at its July meeting, but signalled it intends to wind back its bond buying program as Australia transitions from “recovery to expansion”.
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Scott Inglis and Nils Turner join forces to establish Century 21 Southern Gold Coast
It’s been 29 years since Scott Inglis and Nils Turner first worked together at Century 21. The pair, who have 69 combined years of experience and numerous awards, have now reunited to open Century 21 Southern Gold Coast. The new office officially opened on July 1, servicing the Burleigh Heads to Tweed Heads area. The duo sought to join forces…
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QR code check-in at open homes launched
Combined Franchise Services has launched a new QR code service that enables open home attendees to self-check in. Combined Franchise Service clients (including Century 21 and Better Homes and Gardens Real Estate) will now be able to check-in prior to entering a property by scanning a QR code with their mobile phones. The use of QR codes has thrived amid…
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Millennials use pandemic savings to put a deposit on their first home
Three in every five millennials plan to use the money they saved during the pandemic towards a payment on their first home, according a US study.
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CoreLogic New Zealand House Price Index shows market momentum continues to fade
Property values around New Zealand (NZ) increased by 1.8 per cent over June, according to the CoreLogic House Price Index (HPI). Corelogic’s data indicates a slight reduction in June from the 2.2 per cent growth rate from May, providing early evidence of a gentle deceleration in market momentum in NZ. CoreLogic’s Head of Research, Nick Goodall believes the turnaround will…
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Rental vacancy rates hit a milestone low
New Domain data shows national rental vacancy rates are the lowest on record.
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Interest rates predicted to hold but will property prices peak this year?
The non-stop rise in house prices may hit an apex this year, according to the latest expert housing predictions from Finder.
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Leak repair specialists Megasealed celebrate 25 years of business success
A business which services the real estate and strata industries with repair solutions for leaking showers and balconies is celebrating 25 years in operation.
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Property Council welcomes projected pathway out of COVID-19
The Property Council of Australia has welcomed National Cabinet's agreement of a four-phase pathway out of the pandemic based on vaccination thresholds being met and other key settings.
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Investor housing loan commitments rise
The latest Lending to Households and Business figures show the value of new loan commitments for housing increased again in May with investors back in force.
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Productivity of our large cities is at risk due to unaffordable housing
Economic growth and productivity in Australia's largest capital cities appears to be slowing, says new research.
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Auction volumes and clearance rates dip due to COVID uncertainty
The preliminary clearance rate came in at a lower 73.6 per cent this week after the volume of auctions dipped slightly due to COVID lockdowns in multiple Australian states.
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An entire island just off the Sunshine Coast is on offer for just $200,000
It’s not uncommon to sell properties that offer a slice of island paradise – but it’s not every day an entire island comes up for grabs. Listed by McGrath Noosa and currently for sale through Openn Negotiation, the almost-53 hectare Bandicoot Island is nestled between Fraser Island and the mainland and is surrounded by the crystal-clear waters of the Great Sandy Strait. …
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Melbourne is the best city in the world for working remotely
A new study has revealed the best cities to live in and work remotely from, based on data on legislation, costs and overall liveability. The on-demand housing platform Nestpick investigated the 75 best cities in the world for working remotely. Melbourne and Sydney came first and third respectively. The scores indicates which cities are best prepared to attract a new…
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Advanced ‘Pay on Success’ platform made available through innovative industry partnership
Fintech Innovator ListSure and Insurance Industry player Steadfast have joined forces to create new products designed specifically for the real estate industry. Steadfast is the largest general insurance broker network and underwriting group in Australasia, incorporating 454 brokerages and 25 underwriting agencies, with a current market capitalisation of AU$3.7 billion. ListSure is a real estate industry specialist with a unique…
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Australian dwelling values finish the financial year 13.5 per cent higher
National home values rose 1.9 per cent in June, taking annual growth to 13.5 per cent for the financial year.
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Property industry confidence remains robust but housing affordability concerns increase
Property industry confidence levels remained close to recent record highs as the sector continues to lead Australia’s economic recovery from the COVID-19 pandemic. The results of the latest quarterly ANZ and Property Council survey showed confidence within the property industry (which employs 1.4 million Australians) would be critical to the rebound from the current COVID-19 outbreaks. The survey found that…
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Family Home Guarantee and First Home Loan Deposit kicks off around Australia
Two highly anticipated government initiatives started 1 July, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner. The Family Home Guarantee and First Home Loan Deposit scheme have each offered 10,000 new spots to eligible lower income Australians. But financial comparison hub RateCity warns consumers to check the fine print for…
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Rita Yousef: When is the landlord liable?
If a visitor is injured at a rental property is it the landlord, tenant or property manager that’s liable? Personal injury specialist Rita Yousef examines the most common risks and explains what a landlord’s duty of care is. Landlords of residential premises in NSW owe a duty of care to all visitors to their property. The duty is to take…
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Laing+Simmons Double Bay celebrates 40th birthday
The award-winning Laing+Simmons Double Bay opened for business on 1 July 1981 under the guidance of a young Bart Doff. Mr Doff had been working in the Laing+Simmons Potts Point business for about 18 months when the opportunity arose to take the reins of the new Double Bay office. He took the opportunity, success followed, and the rest is history.…
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Perth home values continue to climb in first half of 2021
Perth home values increased seven per cent in the first half of 2021, according to the Real Estate Institute of Western Australia (REIWA). REIWA President Damian Collins noted while the Perth home value index for June had only increased 0.2 per cent, the cumulative growth over the first six months of the year had been substantial. “Although the June price…
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Knight Frank research reveals promising luxury real estate trends
Australia’s major cities saw their highest quarter of prime residential sales volume on record. At the same time, the number of days a prime property was on the market compressed by almost a week, indicating there’s still more steam in the prestige market ahead, according to Knight Frank research.
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Course gives tenants skills to succeed and eases property managers’ pain points
An innovative tenancy skills program that equips tenants with the skills they need to maintain a successful tenancy and eases property managers’ pain points is being rolled out in Australia’s eastern states. The Tenancy Skills Institute program is already available across Queensland and is making its way into New South Wales and Victoria. The training package is available as a…
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Most investment properties no longer require physical inspections
Analysis by quantity surveyors, Washington Brown, has found more than 82 per cent of investment properties do not require a physical inspection to achieve the maximum depreciation. The company assessed 15,370 individual investment properties in Sydney over the past year since the pandemic and found 12,698 – or 82.6 per cent – of properties did not require a physical inspection…
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New Intergenerational Report indicates COVID-19 will have lasting impact on the economy
The Australian Government's Intergenerational Report was released on Monday, with the Property Council of Australia describing it as a ‘wake-up call’.
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Micro-nation Hutt River hits the market for the first time in 50 years
If you’re looking to find a safe haven from lockdowns, you might be in the market for an entire micro-nation. The historic Hutt River Province in Western Australia (WA), which once operated as a sovereign micro-nation complete with its own stamps and currency, has hit the market. Located 40km north of Northampton in WA’s North, the property comprises more than…
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Recent homeowners aren’t relying on the bank of mum and dad
There’s a pervasive myth that many millennials and recent homeowners are using the ‘bank of mum and dad’ to get their foot on the property ladder. But research from the Great Southern Bank (formerly CUA) has revealed just five per cent of recent homeowners relied on family to secure their first property. Great Southern Bank Chief Customer Officer Megan Keleher…
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Realestate 88 principal qualifies for REIWA Hall of Fame as a triple award winner
The Real Estate Institute of Western Australia (REIWA) awarded Realestate 88 Inner City Principal Brendon Habak the Top Residential Sales Agent of the Year 2021 for the third year running. Last month’s ceremony saw Mr Habak grace the stage for the third time in a row, as he took out the major REIWA award. Mr Habak was rewarded for going…
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PropTech Group to buy Eagle Software as part of growth initiative
PropTech Group has agreed to buy Eagle Software for $7.5 million as part of its objective to own and operate property technology businesses in the Australian, New Zealand and United Kingdom real estate markets. Under the agreement the payment will include $4.1 million in cash and $3.4 million in scrip. It forms part of a wider, $17.5 million equity raising…
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Riverbank House invites nature in to win Queensland architecture award
Wilson Architects’ Riverbank House has been awarded the Robin Dods Award for Residential Architecture at the Australian Institute of Architects’ Queensland Architecture Awards. The home is one-of-a-kind and sits on the banks of the Brisbane River in Highgate Hill, four kilometres south of the Brisbane CBD. Riverbank House is an interpretation of the classic Queenslander, a quintessentially Australian style of…
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Nigel O’Neil takes top Barry Plant job with clear vision for the future
Nigel O’Neil will take over from Mike McCarthy as chief executive officer at the Barry Plant Group from July 1. Mr O’Neil joined the group in late 2019 and has held the position of head of strategic growth up until this point. Mr McCarthy will remain a director and will continue to be significantly involved in the business. Mr O’Neil…
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Victorian and WA markets show impressive sales trends
Online offer management system Market Buy has reported solid sales trends across the country, with properties selling for up to $29,500 more in the June quarter compared to its March counterpart.
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Sydney holds firm despite lockdown, Melbourne enjoys second busiest auction week of the year
Melbourne has enjoyed its second busiest auction week of the year, but all eyes were on Sydney this weekend after the announcement of snap lockdowns in four local government areas.
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