Real Estate News
-
Has the bank of Mum and Dad shut its doors?
Despite record-high property prices and surging interest rates, just 1-in-10 first-home buyers are tapping into the bank of Mum and Dad to get into their first property.
Read More » -
Foreign investors offload Australian commercial property
Foreign investors have reduced their exposure to Australian commercial property, as higher interest rates and soft returns for office and retail weigh on sentiment.
Read More » -
How’s the serenity at this all black Noosa Heads home
In Queensland's serene Noosa Heads, there stands a home that defies conventional expectations – a home as dark as the night, inside and out.
Read More » -
Queensland agent to set a new benchmark in Cairns
Over an 18-year career, Queensland agent Adam Saitta has worked with both big brands and boutique agencies, and now he’s set to tap into that extensive industry insight with the launch of his own brand, Benchmark Real Estate.
Read More » -
Australian households still managing to service their mortgage
Australian mortgage holders remain susceptible to financial stability risks, as higher inflation and rising interest rates continue to put pressure on household budgets.
Read More » -
Vacancy rates plummet to another record low
National vacancy rates have tumbled to yet another record low, with three capital cities recording a vacancy rate under one per cent.
Read More » -
The REIV elects Jacob Caine as new president
Caine Real Estate Chief Executive Officer Jacob Caine has been elected as president of the Real Estate Institute of Victoria (REIV) for the next 12 months.
Read More » -
Liza Balian joins First National as business growth manager for Victoria
Liza Balian has joined First National Real Estate’s Business Growth Management team in Victoria, with a remit to accelerating the network’s growth across the state.
Read More » -
Demand for the Home Guarantee Scheme surges
The number of Australian first-home buyers taking up the Home Guarantee Scheme has surged, as younger Australians battle to get into the housing market.
Read More » -
Anywhere and RE/MAX commit to clear costs in commissions case
Anywhere Real Estate and RE/MAX will require their agents to be clear and transparent about the cost of buyer agent services as part of their bombshell commission settlements in the US.
Read More » -
Generative AI tops global CEOs’ investment list
Generative AI is the top investment priority for 70 per cent of company leaders across the globe, according to new research from KPMG.
Read More » -
Investors flee the eastern states for Western Australia
After nearly a decade in the doldrums, property investors are flooding back into Western Australia at the expense of the East Coast.
Read More » -
New company set to make build-to-rent more flexible for tenants
A new property management company is aiming to make build-to-rent properties across Sydney more flexible and convenient for tenants with the ability to move buildings and be quickly approved for a rental.
Read More » -
Foreign Investment Review Board rejects Tinkler buyer
The multi-million dollar sale of Nathan Tinkler's beachfront mansion has collapsed, with reports suggesting the Foreign Investment Review Board (FIRB) rejected the buyer.
Read More » -
Chrissie Ren joins The Rubinstein Group
The Rubinstein Group has appointed its first female sales executive, with Chrissie Ren joining the group at its new Rose Bay office.
Read More » -
Richest US landlords see their wealth surge in 2023
Despite higher interest rates weighing on property prices, the wealth of the richest real estate tycoons in the US continues to skyrocket.
Read More » -
Perth listings hit the lowest level in 30 years
The supply of homes for sale across Perth has fallen to the lowest level in 30 years, with under 5,000 homes now on the market.
Read More » -
69 per cent of homeowners won’t cope if interest rates rise again
More than two-thirds of borrowers won’t be able to pay the mortgage if interest rates rise again according to a new survey.
Read More » -
Auction volumes hit the highest level in more than 12 months
Spring selling season is well and truly back in force with new data showing that auction volumes have spiked to the highest level since May 2022.
Read More » -
PEXA to strengthen UK expansion with acquisition of Smoove
Digital property exchange platform PEXA is set to acquire UK-based e-conveyancer, Smoove, in a $58.6 million (£30.8 million) deal.
Read More » -
Presence makes its mark in the Newcastle and Lake Macquarie real estate landscape
When Mark Kentwell rebranded his Newcastle-based real estate business to Presence recently, he did so with a clear vision in mind.
Read More » -
Going for gold: RE/MAX opens in Olympic Park
Experienced business owner and sales director, Joseph Choi, has opened RE/MAX Prestige, which is the first, and currently the only, residential real estate sales office established in Olympic Park, Sydney.
Read More » -
World’s tallest timber tower gets the go ahead in Perth
A groundbreaking development in South Perth has received approval to become the world's tallest hybrid timber tower.
Read More » -
Nationwide housing drought: Australia’s vacancy rates plunge to record low
Australia needs up to 70,000 additional rental properties to create a balanced market, which is a need unlikely to be met anytime soon.
Read More » -
Owner-occupiers lead the uptick in new lending
New lending is back on the rise after increasing 2.2 per cent in August, however, the overall level of lending remains down on last year.
Read More » -
BresicWhitney helps Vinnies turn art into aid
Boutique Sydney real estate group, BresicWhitney has joined forces with the St Vincent de Paul Society to help the most vulnerable people in the community.
Read More » -
Foreign investors selling back Australian agricultural land
The price of Australian farmland has surged in the past three years, with strong interest from overseas, but investors are now selling the land back to locals.
Read More » -
Interest rates on hold for fourth month in a row
The Reserve Bank of Australia has kept interest rates on hold at 4.1 per cent for the fourth consecutive month, with new Governor Michele Bullock noting the 12 earlier increases are working.
Read More » -
Adelaide leads the way as Australian home values rise for eighth straight month
Home values have risen 0.8 per cent in September as the nation’s supply and demand imbalance pushes prices skyward.
Read More » -
New zero per cent deposit home loan option for homebuyers
A new home loan product that allows homebuyers to purchase a property with a zero per cent deposit has launched across Australia, aiming to reduce the barriers to entry for homeownership.
Read More » -
Supreme Court rejects landlords’ challenge to NY rent law
The US Supreme Court has declined to hear a challenge to New York's rent stabilisation law, dealing a blow to landlords seeking relief from state rent controls.
Read More » -
Unliveable house sells for $1.3 million at auction
A run-down Sydney house, marketed solely for its land value, has sold at auction for $1.35 million.
Read More » -
Real estate couple return to RE/MAX
The passionate, results-driven duo of Lyn Griffiths and Rohan Banning have returned to the global RE/MAX network to open RE/MAX Central Residential in Brisbane’s inner suburban market.
Read More » -
Interest rates tipped to hold this month but experts warn hikes may not be over
Real estate and economic experts have tipped the RBA to keep the cash rate on hold at Tuesday’s board meeting, according to the latest Finder survey.
Read More » -
Lower prices for unrenovated homes starting to entice buyers
Rising construction costs, led by shortages of trades, are making buyers wary of unrenovated homes, however, lower prices are starting to make them more appealing according to the latest Herron Todd White (HTW) Month in Review.
Read More »