Real Estate News
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A tale of two cities: Sydney vacancies rise while Brisbane rental market tightens
Brisbane’s rental vacancy rates are continuing to tighten, but it’s a different story in Sydney, with vacancies rising to 4 per cent last month.
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The Rock on a roll: Dwayne Johnson buys $45m Los Angeles mansion
Dwayne 'The Rock' Johnson has made a fast and furious purchase, splashing out AU$45 million for a Los Angeles mansion.
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Former Wallabies star Will Genia looking to offload home in Brisbane’s Coorparoo
Australian rugby union star Will Genia and his wife Vanessa have put their suburban Brisbane home on the market, after the former Queensland Reds player extended his contract with a Japanese club.
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Madonna still living in material world after buying The Weeknd’s California estate
A global pandemic isn’t enough to stop Madonna living large in her material world, with the singer paying $A25 million for a California estate belonging to The Weeknd.
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Extension of HomeBuilder construction start welcomed
The Federal Government’s weekend announcement that the construction commencement requirement for the HomeBuilder has been extended has been welcomed by industry groups. On Saturday, the Government announced an extension from six months to 18 months for the start of construction for all existing applicants. The changes will bring the total level of expected Government support for the construction sector under…
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Preliminary clearance rate tops 80 per cent on the back of higher volume
The combined capital city preliminary clearance rate has risen to 80.5 per cent this week after volume bounced back from the Easter slowdown. CoreLogic reported 2448 homes were taken to auction this week. Over the week prior, a lower 2199 auctions were held with preliminary figures showing 79.4 per cent of homes sold. That success rate later revised down to…
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Peeved buyers demand pet-friendly apartments
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels.
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Property values are climbing, and so is industry confidence
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels.
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Metro Melbourne median house price passes the $1 million mark
The median house price in Victoria has recorded one of its largest quarterly increases, with the value of Melbourne metropolitan houses passing $1 million.
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Are barndominiums the next big thing in the world of modular construction?
There’s a new craze in modular construction barnstorming the world of social media, with interest in barndominiums going through the roof.
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First-home buyers turning attention to homes requiring renovations
First-home buyers are increasingly looking for fixer-uppers to get a foothold in the property market, with four in five Australians planning to renovate their ‘new’ homes after purchasing.
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New home building hits highest level in more than 20 years
New home building surged to its highest level in more than 20 years in the December quarter, with the Housing Industry Association attributing the rise to the Federal Government’s HomeBuilder program.
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Domain report shows house rents hit new highs in most capital cities
Domain has just released its Rent Report for the March quarter, with data showing every capital city in the country bar Melbourne, Perth and Darwin hit new record highs in the first three months of 2021.
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Sydney home achieves almost $1m price gain in nine months
In further evidence of the Sydney property market’s resurgence, a dilapidated three-bedroom home 14km from the CBD has achieved a price gain of almost $1 million in nine months.
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Canberra needs 12 new houses a day for next 20 years
Arabella Rohde was elected as the Property Council’s new ACT division president last month and she’s now issued a blunt warning about challenges faced by population growth in the nation's capital.
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There’s no place like Judy Garland’s former Malibu beach home
As Dorothy said in The Wizard of Oz, “there’s no place like home”, and although you don’t need a pair of ruby slippers to own Judy Garland’s former Malibu beach house, it will set you back more than $5 million.
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Sherrie Storor masterminds new program for high performers
Building a business that is profitable, with healthy revenue margins, encompasses a high-performing team, is structured, enables you to develop your leadership skills and allows you to build wealth and legacy and provides you with freedom is all within reach.
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Century 21 opens five new offices in five weeks
Century 21 has experienced strong growth in Australia and New Zealand so far in 2021, with the network opening five new offices in the past five weeks.
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REIWA predicts state’s property values to climb higher than first thought
The Real Estate Institute of Western Australian has revised its growth predictions for the state’s property market, with its new forecast tipping values will rise by 15 per cent this year.
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Luke Kenyon joins Homely’s Executive Team as Head of Product
One of the nation’s leading industry-backed real estate portals has appointed a new Head of Product, with Homely.com announcing Luke Kenyon has joined its Executive Team to take on the newly created role.
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CoreLogic data shows auction clearance rates hit 80 per cent
CoreLogic has released its Quarterly Auction Market Review, today, revealing Australia's combined capital cities clearance rate reached 80.0 per cent over the first quarter of 2021.
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New research reveals first home buyers need six-figure deposit to enter market
According to new research, prospective homeowners in Australia now need a six-figure deposit to purchase a property.
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RE/MAX expands Queensland presence with new North Lakes business
The Moreton Bay region north of Brisbane has a fresh real estate alternative, with RE/MAX Now expanding its footprint in the region to cater to North Lakes, Mango Hill, Murrumba Downs and surrounding suburbs.
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Two-thirds of US homebuyers purchasing properties sight unseen, according to survey
More Australian homebuyers have been purchasing properties without making physical inspections over the past year and buying sight unseen is something that has become even more prevalent in the US since the onset of COVID-19.
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Direct Connect partners with RACV to give movers access to even more benefits
Moving services company, Direct Connect, has announced an exclusive partnership with the Royal Automotive Club of Victoria (RACV), giving RACV members seamless access to Direct Connect’s moving service.
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Post Easter auction volumes climbing again
Auction volumes rose across the combined capital cities this week with 2170 homes taken to auction, increasing on the 845 auctions held over the Easter week.
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Shepherd joins Professionals’ flock as Queensland business development executive
Professionals Group Australia is forging ahead with its focus on agency growth in the Sunshine State, announcing the appointment of a new business development specialist in Queensland.
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Would scrapping negative gearing lead to more affordable house prices?
House prices are back in the news, and out of control. In the past three months the median house price in Sydney has risen by more than A$100,000 to A$1.12 million.
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Ray White reports record month of transactions in March
Records are continuing to tumble in the Australian property market, with Ray White Group reporting a record month of transactions in March.
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LJ Hooker goes for Gold with digital video series focused on Coast
LJ Hooker Solutions Gold Coast is putting the region’s property market on the national stage, with a new digital series hosted by television personality Melanie Symons set to launch this month.
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CoreLogic data confirms national housing values hit new record high last month
Low mortgage rates, a rise in consumer sentiment and low listing volumes combined to propel national housing values to new record highs in March, according to CoreLogic’s latest Property Pulse report.
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Ray White NSW appoints Mahan Shishineh as state’s Regional General Manager
With growth in the regions continuing apace, Ray White New South Wales have welcomed Mahan Shishineh to the newly created position of Regional General Manager for the state.
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Properties selling at record speeds according to latest REA Insights Property Outlook Report
The Australian property is showing no signs of slowing down for the remainder of 2021, with the latest REA Insights Housing Market Indicators Report revealing views per listing are at record highs and days on site at record lows.
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Console Cloud integration with Snug will streamline leasing process for property managers
A new application integration from software company Console Cloud will enable property managers to streamline the leasing journey.
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Coast is clear for Ray White team’s expansion to Burleigh Heads
In further evidence the Gold Coast property market is firing on all cylinders, the team at Ray White Broadbeach | Mermaid Beach have announced they have expanded, opening a new office in neighbouring suburb Burleigh Heads.
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