Real Estate News
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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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Why more housing stimulus will be needed to sustain recovery
In response to the COVID-19 recession, federal, state and territory governments quickly provided support to the housing industry for two reasons. First, to safeguard jobs and, second, because investment in the housing and construction industries has a high economic multiplier effect. However, new research released today shows further housing stimulus measures will be essential to help drive an economic recovery into 2021…
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PCA: Proposed fees make Australia “less attractive destination for investment”
Proposed foreign investment rules that introduce a steep new fee for investing in Australian real estate have been slammed by the Property Council of Australia's Chief Executive Ken Morrison.
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Foreign real estate investors tipped to favour Australia over UK and US
“Australia’s reputation has been buffed and shined to a new level of polish.” Australia’s Foreign Investment Review Board has released data on foreign buyer transactions in 2018-19 that reveals where foreign investors buy residential real estate, and what types of properties they prefer.Insights into foreign purchases and sales of residential real estate 2018-19 shows that during FY19, the total number…
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Remain vigilant: REIA’s message to the industry
REIA President calls on the real estate industry to remain vigilant as state borders reopen.
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REIWA declares ‘rental crisis’ as Perth vacancy rate hits 13-year low
Perth's residential vacancy rate has fallen to 0.96 per cent, the lowest it has been in 13 years.
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Reserve Bank notes increased housing activity, despite weak investment levels
On October 6, the same day as the Federal Budget was announced, the Reserve Bank Board met and decided not to change the cash rate.
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Victoria ‘well-placed’ to further ease restrictions
During a press conference this morning, Daniel Andrews said Victoria was "well placed" to receive some very significant announcements about further easing of restrictions.
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Cullen and Royle partner in new boutique property agency
Deborah Cullen has a background in prestige residential property, and Richard Royle is an expert is in rural assets.
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The Southern Highlands set to showcase agent’s new brand
Eview Group's momentum continues throughout their most successful year of expansion, as they set their sights on the Southern Highlands, launching an unapologetically bold and savvy new brand.
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Eview set to shake up Melbourne’s outer South-East
Eview Group's momentum shifts up a gear, as the network continues their widespread grasp on Melbourne's outer eastern suburbs.
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Melbourne’s real estate industry reacts to relaxed restrictions
Spring selling season may have gotten off to a slow start in Melbourne, but the announcement over the weekend that real estate auctions can now occur with a maximum of ten people should help spur it into action.
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WA’s social housing plan to alleviate rental crisis
A ten-year plan to create 2,600 affordable houses across Western Australia will hopefully ease the "rental crisis" that the state looks likely to experience.
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REA Group celebrates ‘excellent results’ in annual report
REA Group have delivered an annual shareholders report that celebrates a number of wins in what Chairman Hamish McLennan calls "unprecedented market conditions."
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Auction clearance rates strengthen as Melbourne activity ramps up
Auction clearance rates strengthen as Melbourne activity ramps up The combined capital city preliminary auction clearance rate hit 72.4 per cent this week as volumes rose across the capitals. CoreLogic reports 1134 homes taken to auction this weekend, up from the 1084 auctions held last week. Of the 878 results…
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All Victorian real estate re-opens
As restrictions continue to lift in Victoria, outdoor auctions for residential and commercial properties will now be permitted with up to 10 people in attendance while in-person inspections are also back on the agenda for commercial sales and leasing. Effective as of midnight Sunday, 18 October, the news has been…
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Property investment falls to a record low
As with a lot of things, the levels of property investment in the Australian housing market crashed during COVID.
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Perth houses selling twice as quickly as last year
As yesterday's ANZ/Property Council survey showed, Western Australia's property industry is the most positive in the country, and with very good reason.
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REA Group commits to carbon neutrality
REA Group has announced its commitment to become carbon neutral.
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New webinar to help real estate agents build profitable strategic partnerships
O*NO Legal services led by real estate lawyer Kristen Porter have today announced a new webinar called 'Skyrocket for Real Estate'. The series is designed for principals and senior managers looking to smash their revenue goals - or who are looking to go out on their own. Ms Porter, who…
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RE/MAX team adds sales and leasing specialist in key role
Business Development Manager Richard Masigan wasted no time when he joined RE/MAX Xtra in Parramatta on July 1 this year; he grew a rent roll of 68 to 93 in the September quarter. “My goal is to have 140 on the rent roll by the end of 2020 and at that point we’ll be growing the property management team,” said…
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Domain Rental Report shows rental markets in flux
Domain's September Rental Report has shown there is little consistency across the states and territories, with prices hitting all-time highs in some capitals, while rent declines severely in others.
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Cash rate won’t rise for three years: RBA
"We do not expect to be increasing the cash rate for at least three years."
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Repayments have begun on almost half of deferred loans
Australian Banking Association has announced that repayments have resumed on 45 per cent of deferred loans for mortgages and small businesses.
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Property confidence rises in SA but plummets in ACT
The latest ANZ/Property Council Survey has shown that as South Australia's property industry continues to gain confidence, the ACT industry's confidence levels have plummeted.
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WA property industry the most positive in Australia
The WA property industry has the most positive outlook in Australia according to the ANZ/Property Council survey for the December 2020 quarter. Overall sentiment increased to 107 index points for the quarter, a 25 point increase on the previous period. This was the largest quarterly increase in sentiment for any…
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Both NSW and QLD need to revitalise their CBDs
The latest results from the ANZ/Property Council Survey show that, while confidence levels in the real estate industry have risen in both Queensland and New South Wales, ghostly city centres in both states are continuing to cause concern.
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Ray White launches new specialty division
Ray White has broadened its service offering with the launch of a new division. Sydney-based business division, ‘Ray White Commercial Asian Investment Services’ (known as ‘Ray White AIS), is a new initiative from the team at Ray White Commercial Western Sydney. It was borne out of a need to provide a fully integrated commercial property advisory service for Sydney’s Asian investors.…
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Confidence in the housing market has boomed: Westpac
"This is an extraordinary result," said Westpac chief economist Bill Evans of the overall consumer sentiment.
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Rob Lowe sells stunning Montecito mansion for $63.4m
To quote his character from Parks and Recreation, Rob Lowe is, literally, on top of the world right now. After two years on the market Rob and wife Sheryl Lowe have managed to sell their Rob and Sheryl Lowe have shown that patience is not only a virtue, but often…
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New Zealand sees flood of first home buyers over September quarter
First Home Buyers made up a quarter of the total property purchases in New Zealand during the September quarter, according to figures from CoreLogic.
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The full impact of HomeBuilder is now evident: HIA
The full impact of HomeBuilder is now evident with sales now 11.8 per cent higher compared to last year. HIA
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Commercial real estate sales down 58 per cent in 2020
Commercial real estate sales plummeted during the first nine months of 2020.
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