Real Estate News
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Borrowers are slashing non-essential spending as rates bite
Rising interest rates are forcing borrowers to cut back, with new research showing that Australians are trimming their non-essential purchases to deal with mortgage stress.
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Simon Cohen and Joshua Meli join forces to help everyday Aussies build wealth through property
Leading property buyer’s agent and Cohen Handler Chief Executive Officer Simon Cohen, has joined forces with Joshua Meli to form CH Secure.
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Industry welcomes extension of WA stamp duty relief
The move by the WA government to extend stamp duty relief on apartments that are under construction is a step in the right direction according to the industry.
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Andrew Bell set to hand over the reins of Ray White Surfers Paradise Group
Queensland real estate icon Andrew Bell OAM has announced his succession plans for Ray White Surfers Paradise Group (RWSPG).
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Adapting to thrive: How Liam McAlister’s Darwin-inspired philosophy drives his real estate success
Liam McAlister is a big believer in Charles Darwin’s Origin of Species and that it’s not necessarily the strongest or smartest of the species that survives, but the one that’s most adaptable to change.
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Propertyology boycotts Victorian real estate
National property market analysts and buyers’ agency, Propertyology, will boycott investing in Victorian real estate until the State Government improves its attitude towards investors, policies, government finances and economic management.
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Industrial assets to remain an investor favourite for now
Industrial property has been hot over the past few years, however, as alternative assets continue to gain attention and office and retail bounce back, demand will likely slow down according to an expert.
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NSW and Queensland vacancy rates take another dip
Vacancy rates across NSW and Queensland dropped in September, signalling a growing rental crisis.
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Top investment locations that renters can afford to live in
Rising rents have been putting the squeeze on tenants while at the same time, boosting yields for investors.
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Tight stock levels prop up spring clearance rates
Tight stock levels and rising prices around the country are continuing to help boost auction clearance rates according to experts.
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600,000 potential granny flat sites identified to help with housing crisis
More than 650,000 properties are suitable for the construction of granny flats across Australia’s three largest states, according to new research.
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Tenants awarded compensation for mould damaged rental
A New South Wales landlord has been ordered to pay $14,766 in compensation to her tenants after her property suffered severe mould damage following heavy rain.
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Investors can still find affordable options
Despite near-record high property prices across the country, there are still affordable locations for investors, according to a new report.
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Sydney and Melbourne’s southeastern suburbs emerge as wise investment choices for 2024
Sydney and Melbourne’s southeastern suburbs are shaping up to be investment hotspots in 2024, courtesy of improved infrastructure, good schools and lifestyle amenities.
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New listings up annually but dip in September
Vendors have returned to the market this Spring, with new data from PropTrack showing that new listings are up 4.5 per cent compared to last year.
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Supporting local artists, the community and charities with The Studio
For the past two years, Laing+Simmons Young Property in Avalon has been trying to give back and support local artists through community exhibitions with local artists.
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Building a house ‘one room at a time’
We’ve all heard about building a house one brick at a time, but an innovative new construction approach could see homes built ‘one room at a time’, in a bid to tackle the current housing crisis.
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RBA getting on top of inflation as borrowers cut back
The Reserve Bank of Australia’s (RBA) aggressive cash rate hikes are starting to have the desired effect on inflation, with borrowers being forced to dramatically tighten their purse strings.
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More pain for Perth tenants as the vacancy rate tightens again
In a blow for Perth renters, the vacancy rate has fallen again after only recently showing signs that conditions were starting to improve.
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Pressley’s proposal: Why stamp duty should be swapped for a Medicare-style housing levy
Leading property analyst Simon Pressley has called on stamp duty to be abolished and replaced with a three per cent, Medicare-style housing levy.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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