Real Estate News
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Dwelling approvals and construction loan commitments surge
The number of dwellings approved rose 15.4 per cent, according to ABS data released today.
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‘Bureaucratic inefficiencies’ keeping real estate agents unemployed
The Real Estate Institute of NSW has hit out at Fair Trading for bureaucratic inefficiencies that are keeping hundreds of fully-trained real estate agents in NSW "forcibly unemployed."
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Australian housing values are rising, after five months of declines
Following what CoreLogic refer to as "five months of consistent declines in residential property values", the national home value index is now showing positive month-on-month growth through October, posting a 0.4% rise in housing values.
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REINSW crowns its 2020 award winners
The Real Estate Institute of New South Wales has recognised outstanding achievements, crowning the winners of its 2020 REINSW Awards for Excellence. Now into its third decade, the REINSW Awards for Excellence is the most prestigious and respected industry awards event in New South Wales, recognising the best, bravest and brightest work across the real estate industry. REINSW President Leanne…
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Clearance rate at highest point since pre-pandemic
The preliminary clearance rate has hit its highest peak since the start of the coronavirus pandemic, coming in at 77 per cent on the back of volume that has exceeded both last week and last year. This week, CoreLogic notes 1757 homes were taken to auction across the combined capital…
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RBA to make second rate cut, say experts
This Tuesday is Melbourne Cup day, but the real punters will be watching the Reserve Bank of Australia that afternoon, as experts tip that the RBA board will announce a second rate cut for 2020, at the final meeting of the year. In the Finder RBA Cash Rate Survey, 29 of the 43 experts and economists predicted a rate cut announcement…
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Property developers and investors make AFR Rich List
Three moguls who have made their fortune in the property game appear in the top ten of the annual AFR Rich List, which was published in full today.
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Homely appoints David Webb as Head of Industry
Homely.com.au has announced that David Webb is joining its Executive Team as the Head of Industry. As Homely’s first Head of Industry, David will help execute on the strategic vision of the business by acting as an intermediary to ensure the needs of the real estate industry and the needs…
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HIA wins SafeWork NSW award for pandemic initiatives
The Housing Industry Association has been announced as the winner of the 2020 SafeWork NSW Awards for "outstanding work health and safety support to members in the changed working environment due to COVID-19." The 2020 SafeWork NSW Awards recognise excellence and innovation in work, health and safety response to COVID-19,…
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Pierce Brosnan lists Malibu beach house for $142m
Walls of glass, temperature-controlled wine storage unit, and mindblowing oceanic views: it's the perfect beach pad for 007.
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The Agency’s Sam Hobbs lands $20m of Melbourne sales in two weeks
The Melbourne property market has certainly bounced back since Stage 4 restrictions lifted across Melbourne earlier this month.
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Inhabit software launches free real estate QR check-in for open homes
Like the MiniDisc and the Beta Video, the QR code seemed destined to be another technology that never quite caught on. Then, the pandemic hit and the QR code was suddenly everywhere. The contactless nature and simplicity of the technology means it’s COVID-safe and everyone can use it. Bill Shields from Inhabit Software says he was sitting at a cafe…
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Inside the Hobart housing boom
Being a beautiful island state has never been so advantageous for Tasmania – and its capital city’s booming property market. “There’s no doubt that we’ve been the beneficiaries of the pandemic,” explains Matthew Chugg, department manager of residential sales for Knight Frank, Tasmania. With their offices located in the heart of Hobart, just a Tassie Devil’s whirl away from the…
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Sydney house prices rise as units fall, marking largest price gap on record
Sydney housing prices took a massive tumble in the June quarter, losing close to $22,000 off the median price.
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Hobart house prices to leapfrog Adelaide, as Darwin moves past Perth
Domain's latest House Price Report has revealed the Australian housing industry has largely bounced back, with all capital cities aside from Melbourne recording house price growth over the September quarter.
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The Pilbara agent on the cutting edge of technology
The ‘online auction guy’ – that’s what buyers and sellers in the Pilbara region are calling Realmark Karratha agent Jordan James. Jordan has been using digital property sales method
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Green Building Council takes steps to eliminate natural gas in new buildings
Green Building Council of Australia have completely overhauled its Green Star rating system in a push to eliminate natural gas in buildings.
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National rent prices fell annually for the first time
The September 2020 quarter CPI figures show the impact that the pandemic has had on national rental prices.
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CoreLogic partners with innovation program RealTechX
CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures' RealTechX program. CoreLogic Executive and Head of Product, Tim Jenner, says the partnership hits a sweet spot for the business at just the right time. Mr Jenner said "The world's moving fast from a…
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The Reserve Bank believes the recession could be over
Reserve Bank deputy governor Guy Debelle told a Senate estimates hearing on Tuesday that the RBA believes the country has pulled itself out of the recession.
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Don Ha and the growth of RE/MAX New Zealand in 2020
When the global RE/MAX brand expanded to four new countries in the first of half of 2020 and continued its reign as the real estate brand operating in more countries around the world than any of its competitors, it recognised its resilient global leaders who championed entrepreneurship, innovativeness and technology.…
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Energy-saving AI tech trialled in CBD offices and malls
AMP Capital has started to roll out new energy saving AI technology in a number of its Australian office buildings and retail centres.
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Over a quarter of Aussies say now is the time to buy property
New research commissioned by ING has found Australians have no real qualms about investing during this recession, with 44 per cent of those surveyed feeling property is the strongest investment option, and 26 per cent feeling now is the best time to make such an investment.
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Queensland rentals hit lowest vacancy rate on record
Queensland's rental market has been hit hard by COVID-19, with Brisbane's vacancy rate swinging from a high of 14 per cent to 8.8 cent in just four months.
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Eview Group continues growth across the Sunshine State
Eview Group is excited to announce further reinforcement of their Queensland network, as they unveil their fifteenth national partnership for the year. With a real estate sales career spanning 10 years, together with over a decade of experience as an award winning interior designer, and a wealth of practice as…
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Survey highlights rental uncertainty during COVID-19
A new survey from Flatmates.com.au with more than 12,000 respondents highlights the uncertainty felt by renters during the pandemic.
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Over 96% of First Home Loan Deposit places have already been filled
The First Home Loan Deposit scheme allows buyers to purchase a property with just a five per cent deposit and without buying mortgage insurance, but the party is coming to an end.
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Housing prices rise in WA’s regional centres
Western Australia's regional centres are in high demand, as eight of nine areas saw an increase in median sale price for the September 2020 quarter.
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Auction markets continue to strengthen
As Victoria returns to in-person auctions, the market is gaining moment, with a surge in Melbourne listings contributing to 1456 capital city homes taken to auction this week. The figure is the highest volume of auctions seen since early April, while the clearance rate also proved strong, with preliminary data…
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Tassie market activity at pre-COVID levels, as sales rise almost 40 per cent
The Real Estate Institute of Tasmania have delivered an extremely postivie September Quarterly report, which confirms that market activity has returned to pre COVID-19 levels.
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2020 REIV Awards: The complete winners list
Check out the acceptance videos from all the winners, and the complete list of winners and finalists.
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Mirvac sees 40 per cent rise in residential land sales
Over the September quarter, developer Mirvac saw a 40 per cent lift in housing lot sales, selling over 660 lots across the country, with the majority located in newly-developed housing estates.
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Most Aussies are made responsible for their own workplace COVID cleaning
New research has found that 59 per cent of Australians have had their bosses task them with cleaning their workplaces amid the COVID-19 pandemic.
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Certificate IV the new minimum real estate requirement in Victoria
New regulations for real estate education introduced by the State Government came into effect today, Thursday, October 21.
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Melbourne overtakes Sydney in new property listings
Since private inspections started back up again in Melbourne towards the end of last month, a flood of new listings have entered the marketplace.
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