Real Estate News
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NSW overtakes QLD as most popular location for people leaving the cities
Regional New South Wales has overtaken regional Queensland as the most popular destination for people looking to move out of the city.
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REIA’s plan to reduce the environmental impact of commercial property
The Real Estate Institute of Australia (REIA) has released a new report that outlines long-term measures commercial property owners, builders and developers can implement to make their properties more environmentally friendly and hit government targets.
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Investor numbers fall 27 per cent even as prices rebound
Despite the strong rebound in property prices, investors continue to exit the market spooked by higher rates according to the industry.
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From ordinary to extraordinary: The Block leaves lasting impression on property market
The 19th season of hit renovation show, The Block, may be nearing its finale, but it will leave a much longer lasting legacy on the Australian property market, according to Domain Editor Alice Stolz.
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RWC Medical uniquely links healthcare real estate and recruitment
Franz Stapelberg is looking to revolutionise the healthcare real estate sector, setting up an end-to-end service with the creation of RWC Medical.
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Perth’s crazy fast property market sees homes sell in just over a week
Perth houses are selling almost twice as fast as they were a year ago, with buyers snapping them up in a median of just eight days in October.
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New brokerages sued after jury rules against agencies in antitrust commissions case
Just minutes after a federal jury ruled the National Association of Realtors and two major real estate companies had conspired to inflate buyers' agent commissions, the plaintiffs attorney filed another class-action lawsuit against NAR and new residential brokerages.
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Australian property prices hit a new record
The downturn is officially over, with property prices hitting a new peak after rising 0.36 per cent in October.
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REA Group secures multi-grand slam champion for its 2024 headline property industry event
REA Group has secured former world number one and eight time Grand Slam champion, Andre Agassi, as the keynote speaker for Ready24.
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ASQA to audit real estate training for standards compliance
The Australian Skills Quality Authority (ASQA) will monitor the performance and conduct audits of registered training organisations (RTOs) across the country, following reports standards in three real estate qualifications are not being met.
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The home ownership dream feels out of reach for Millennials and Gen-Z
With property prices sitting at record highs a growing number of younger Australians feel that home ownership is increasingly out of reach.
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Tony and Serah Ngo say starting their own agency was 100 per cent the right move
A 'whirlwind, exciting and something he'd 100 per cent do again' — these are just three of the terms Brisbane agent Tony Ngo uses to describe the recent launch of his own real estate agency.
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Demand for regional property ‘here to stay’
The pandemic-infused flight to the regions is here to stay with a number of more affordable areas likely to see continued growth according to a new report.
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Chaotic auction sets a new record with 161 registered bidders for damaged home
When Cory Boyd and Keron Petzer listed the dilapidated home at 19 Billabong Drive, Crestmead, they had no idea of the chaos that would ensue on auction day.
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Rental market is ‘extremely challenged’ as listings drop and rents soar
A chronically challenged rental market, fuelled by record low supply and soaring weekly rents, is creating a self-perpetuating housing crisis where would-be first-home buyers are finding it increasingly difficult to stop renting and buy a home.
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Haunting for a home: Buyers spooked by prices, not ghosts
In a startling revelation this Halloween season, a recent survey from property giant Zillow suggests that a significant majority of would-be homeowners are open to sharing their living space with spectral inhabitants.
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Aussies could be making an extra $667 per month renting their spare room
Homeowners could be raking in an additional $667 every month if they rent out their spare room according to a new survey.
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REIA proposes plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has released bold suggestions to tackle the ongoing housing crisis and help more people get into the market.
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Queensland’s biggest property law shake-up in 50 years: REIQ flags some concerns
The Real Estate Institute of Queensland (REIQ) has largely welcomed the state’s new property laws, but warned there are a few illogical and ambiguous provisions that remain.
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Investors flee Victoria causing more pain for tenants
Already in the grips of a rental crisis, investors are selling off their Victorian investment properties en masse, discouraged by the raft of taxes and regulatory burdens that are being thrust upon them.
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Surging immigration sees overseas buyers targeting Australian property
Overseas buyers are increasingly targeting Australian property, with new data showing online searches have surged back above 2019 levels.
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South Australia’s property market goes from strength to strength
South Australian property prices continue to rise, despite the headwinds of higher interest rates and economic uncertainty.
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Inflation jumps as banks predict a November rate hike
Borrowers could be in for a Melbourne Cup day rate hike according to the major banks as the latest inflation data suggests the Reserve Bank of Australia (RBA) might have more work to do.
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Buyers seek transparency: 72 per cent skip properties without prices listed
Property listings without prices are buyers' biggest pain point when searching for a new home on realestate.com.au, according to new research from REA Group.
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First National equips property managers to handle domestic violence skilfully
In Australia, a domestic violence incident occurs every two minutes and with 88 per cent of incidents occurring in the family home, property managers are at the forefront of dealing with these troubling situations.
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World’s most expensive home to be worth US$1 billion
Billionaire Ken Griffin is raising the bar on luxury living with plans to build the world’s most expensive home in Palm Beach, Florida.
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Property market to recoup 2022 downturn by the end of the year
Australia’s property market has almost entirely recovered from the 2022 downturn and will do so by the end of the year, according to Domain.
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REIA looks to tackle real estate ethics score head-on
The Real Estate Institute of Australia (REIA) has taken a proactive approach to the industry recently being perceived as the least ethical occupation, teaming up with the Governance Institute of Australia (GIA) to brainstorm ways to change the public’s views.
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Gold Coast office market to run out of stock in three years
A lack of new office developments on the Gold Coast is likely to see the availability of office space dry up over the next three years.
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First-home buyers opting for “memories not mortgages”
First home buyers are increasingly First-home buyers are increasingly opting for “memories not mortgages” as the high cost of getting into the market makes owning a home less appealing to younger generations in the post-Covid world.
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Private island oasis up for grabs for US$15 million
Many buyers may dream of owning their own private island but it’s not too often one comes on the market.
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Bring the Mediterranean home in landscape design
The allure of the Mediterranean is leaving its imprint on Australian home and garden designs, with influences expected to reign well into 2024, according to landscape design expert Matt Leacy.
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$6.23 billion defence boost to elevate Northern Territory economy and property market
A multi-billion dollar defence building boom in the Northern Territory is set to create more than 7500 jobs, rapidly spur the economy and lift rental and residential property sales prices.
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Sarah Bester returns ‘home’ to Double Bay
JT Allen Real Estate has welcomed one of the country's top real estate professionals, Sarah Bester, back to Double Bay.
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3 things you need to know about the US buyer-agent commissions trial
Week one of the Sitzer/Burnett class action lawsuit has drawn to a close, in a case that has the potential to shake up the industry and change the way US agents get paid.
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