Real Estate News
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PEXA acquires environmental analytics company Land Insight
Digital property settlements platform PEXA Group is expanding their offering after acquiring environmental analytics company Land Insight.
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“Pure paradise” hits the market at picture-perfect Yamba
A luxurious property in Yamba, situated just an hour from Byron Bay, has hit the market with a price guide of $13-$14 million.
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REIA calls for more to be done to help ease rental crisis
The Real Estate Institute of Australia (REIA) is calling for an all-encompassing approach to deliver more homes and better conditions for renters to help ease the current rental crisis.
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Strong yields on offer in new home markets
Investors looking to buy new house and land are able to achieve yields of more than 7 per cent, thanks to the ongoing shortage of housing according to a new report.
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It costs $75,000 less to build a new home closer to Sydney CBD
Housing built closer to the Sydney CBD could end up saving $75,000 in infrastructure-related costs per home according to new research.
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Katrina Garwood and Ian McCallum join The Agency in Tasmania
The Agency is expanding in Tasmania with the highly successful team of Katrina Garwood and Ian McCallum joining the national real estate brand.
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Affluent Sydney suburbs expected to outpace more affordable areas
Suburbs in the middle and upper end of the Sydney property market are expected to grow by as much as nine per cent in the next six months, far more than more affordably priced homes according to a new report.
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Strata managers struggling with verbal abuse and long hours
Strata managers are increasingly facing difficult working conditions, with nearly two-thirds facing verbal abuse from both owners and tenants on top of long hours.
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MyBrix set to shake up property finance
A peer-to-peer platform that enables buyers to fund and invest in Australian real estate is set to launch next month, promising no interest and no repayments for homeowners.
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The Agency increases market share and poised for more growth in 2024
The Agency sold more homes in the 2023 financial year despite national market transactions dropping more than 20 per cent, according to the group’s newly released financial and operational update.
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‘Retiring renters’: Australia’s future crisis as home ownership falls 18 per cent for young adults
Home ownership rates have fallen almost 20 per cent in the past 40 years, with further headwinds propelling Australia towards a growing population of “retiring renters”, according to the REIA.
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Rents likely to rise as vacancy rates fall again
There’s still no relief for struggling renters, with vacancy rates falling again in July.
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Bunbury tops the list of promising regional locations
Bunbury in the southwest of Western Australia has emerged as a top growth candidate, as the state's population continues to grow at a rapid rate.
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Soft new home sales to hit builders in 2024
Australia is on the cusp of home building hitting a decade low at the same time demand for housing has reached crisis levels.
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REA Group identifies ways to ease the NSW rental crisis
Unlocking housing supply, including improved use of existing properties and streamlined government planning processes to boost fast and effective development, are among the key recommendations from REA Group to solve the rental crisis in NSW.
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Industrial assets remain the strongest commercial property class
Commercial assets have been the battling rising interest rates in 2023, however, industrial assets have managed to see strong ongoing demand.
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Social housing boost for Sydney’s Waterloo Estate
Almost 500 additional social and affordable homes will be added to Waterloo Estate, under revised plans for the rejuvenations of one of the nation’s largest social housing estates.
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FHBs need up to two decades to save for a home deposit
Young Australians hoping to get into a home of their own are needing to spend up to two decades saving for a deposit according to new research.
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Agents need to plan auction campaigns early ahead of a busy Spring
With listings set to rise this Spring selling season, it’s critical that agents start planning their auction campaigns early to ensure they get the best possible result, according to an expert.
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Renters turn a blind eye to property flaws to secure a property
Renters are putting up with mould, bad smells and even being forced to share a room in a bid to secure a rental property according to a new survey.
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New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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New Zealand AI firm ListAssist selected for Miami pitch battle
New Zealand AI company ListAssist has been selected to compete in the Innovation, Opportunity & Investment Summit’s Pitch Battle in Miami next week.
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Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an offshore debt restructuring plan for its $468 billion in liabilities.
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40,000 low-income earners able to access the government’s shared equity scheme
Up to 40,000 low-income earners will get additional government help to purchase a home under the new Help to Buy scheme.
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New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about to see an influx of new stock according to new data.
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McGrath posts $6.2 million profit with 18 new offices
McGrath has posted a solid net profit after tax of $6.2 million for the 2022-2023 financial year, despite a tough property market, driven by historically low listings.
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Building industry says “yes we can” build 1.2 million homes
The building industry has thrown its support behind the Federal Government’s “ambitious” plans to build 1.2 million homes over five years to tackle the ongoing housing crisis.
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Further industry recognition for the award-winning McGill Group
Hot on the heels of taking out the award for Small Residential Agency of the Year in 2022, The McGill Group is celebrating further recognition, being named as finalists in five categories of the Real Estate Institute of Queensland Awards for Excellence in 2023.
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Richardson & Wrench Kellyville opens with top team
Richardson and Wrench has bolstered its network presence in Sydney’s Hills District, partnering with highly regarded property professionals Amit Shrestha, Joseph Supan and John Albertini to open a new office in Kellyville.
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Terase Davidson takes The Agency to Byron Bay
Terase Davidson feels a deep connection with Byron Bay.
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REA Group named as one of Australia’s Best Workplaces
Great Place to Work has named REA Group as Australia’s fifth Best Workplace for 2023 in the large company category, securing the group’s top five ranking for the third consecutive year.
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New listings on the rise in Sydney and Melbourne
New listings are rapidly rising across Sydney and Melbourne, setting up a busy spring for agents, according to a new report.
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Raising the bar: Gill Barr launches Barr Estate Agents with UrbanX
Fuelled by a commitment to her values and an overwhelming desire to run her business in a customer-centric manner, Gill Barr has embarked on a new journey, with the launch of her namesake Barr Estate Agents.
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Sydney’s vacancy rate tightens again putting more pressure on renters
Relief for Sydney tenants has been short-lived with new data showing the vacancy rate has fallen again in July.
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Domain profit dips but green shoots are appearing
Domain Chief Executive Officer Jason Pellegrino has labelled the Australian property market over the past six to nine months as the “most challenging” ever seen, with the group posting reduced revenue and profits.
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