Real Estate News
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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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Building trust and breaking moulds: How Katie Kepner is elevating the real estate experience in Newcastle
Katie Kepner has always been crystal clear on the type of real estate agent she did and didn’t want to be.
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Fleeing the CBD: Australia’s rising rents force tenants to the fringes
Australia’s combined capital city rents have soared a further 10 per cent in the year to September, with tenants forced to look further away from the CBDs to find cost-effective properties.
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Perth and Adelaide tenants battle skyrocketing enquiry rates amid rental crisis
Tenants in Perth and Adelaide are facing increasingly tough rental conditions, with super low vacancy rates sending enquiry levels on properties in many suburbs soaring.
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Ballarat’s $3 million project adds 11 new homes for vulnerable Victorians
Delacombe, in the historic regional Victorian city of Ballarat, is the location of 11 new social and affordable homes set to be completed next month.
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New McGrath Lithgow and Rylstone offices evidence of surging demand from city buyers
McGrath Central Tablelands has launched a second and third office in the space of three months, with the latest venture in Lithgow quickly following on the heels of the Rylstone office.
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Can housing keep up with Australia’s forecast population boom?
Australia’s population is set to grow by $7.4 million by 2041, requiring an extra two million homes across four major cities to cater for more than 65 per cent of the forecast population spike.
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Rental costs rise sharply as vacancy rates hit record lows across Australia
The top 25 regions in the nation in Suburbtrends’ Rental Pain Index all scored either 100 or 99, underlying the currency of the rental crisis.
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One in 10 young adults forced to move back in with their parents
Increasing numbers of younger Australians are being forced to move back in with their parents as the cost of living bites.
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First-home buyers dominate the NZ market
The number of New Zealand property sales in September were 8 per cent higher than a year ago, with first-home buyers dominating the market.
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Landlord scores partial win in tussle over burst pipe claim
An Australian landlord is set to recover some of their $15,400 renovation costs following a ruling by the Australian Financial Complaints Authority (AFCA).
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November sellers can achieve a premium price
Homeowners who want to sell should consider selling in November, with new data showing that sellers achieve a 0.8 per cent premium compared to the rest of the year
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Transparency and efficiency: Why you need to get an inspection report upfront
Transparency is the key to establishing trust in any industry, but it holds particular significance in Australian real estate today.
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Home design trends to watch in 2024
Brutalist design elements, Murano glass chandeliers and cold plunge pools are set to transform homes and dominate social media feeds in 2024.
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