Real Estate News
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Rents set to keep rising across the country
Rents are expected to keep on rising in Sydney, Melbourne and a number of the smaller capital cities and regional areas according to new research.
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Increasing number of homeowners selling in under three years
Short-term selling is on the rise, with homeowners trading their property after owning them less than three years.
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From jockey to Property Partner: How a brush with mortality led Damian Miller to a career in real estate
It was while recovering from a fall from a horse and surgery to remove a bone tumour, that former jockey Damian Miller realised he needed more in his life than horse racing.
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Brisbane to claim both (property) grand finals
Maybe it’s an omen. If this weekend’s footy grand finals were based on property, and not players, Brisbane would return home with both the AFL and NRL trophies.
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View Media Group launches new real estate portal
Antony Catalano’s View Media Group (VMG) has launched property portal view.com.au, with an innovative listings model where sellers can list their homes for free.
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US home values are up $2.6 trillion in 12 months
US home prices have bounced back from last year's short-lived downturn with values up $2.6 trillion in the past 12 months according to new data.
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First in best dressed: How top agents are gaining market share using AI
In the dynamic and fast-paced world of real estate, securing leads and gaining a competitive advantage can make all the difference in a successful career.
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Knockdowns and rebuilds don’t always mean gentrification and rising prices
Suburbs that are seeing a high number of homes being knocked down and rebuilt doesn’t necessarily mean the area is going through gentrification or that prices will rise according to an expert.
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House prices set to surge by June 2025
House prices will rise almost 15 per cent nationally by June 2025, with limited property supply, heavier migration and anticipated interest rate cuts fuelling the growth.
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QLD and NSW aren’t releasing enough land to meet surging population
New South Wales and Queensland are not releasing enough land to keep up with surging population growth, according to a new report.
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Gold Coast trophy home sets new auction record
Queensland has a new auction record after a luxury Gold Coast estate with views that span from Main Beach to Broadbeach, sold for $24.8 million on the weekend.
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‘Hostile’ rental conditions see tenants paying 41 per cent of their income on rent
The ongoing rental crisis is making life hard for renters in WA, SA, and QLD, with some suburbs seeing tenants forced to pay over 40 per cent of their income on rent according to a new report.
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Harcourts helps to beat the blues with bids
Harcourts will take its Blue Friday charity auction day international in 2024, courtesy of the event’s amazing success on Friday, September 21.
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Auction numbers surge, clearance rate remains steady
Australia’s auction market is holding steady, with solid clearance rates last week, as the number of properties going under the hammer surged.
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Short-term loss-making sales have increased
Higher interest rates could be pushing sellers to accept a loss, with new data from CoreLogic showing the proportion of loss-making, short-term sales has increased.
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