Real Estate News
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How Rhonda Bluff’s property management experience is making a difference for PMVA clients
Rhonda Bluff’s superpower is experience. When it comes to property management, she’s been there and done it.
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Harry Triguboff to develop BTR apartments in Brisbane
Harry Triguboff has purchased “the best site in Brisbane” and is looking to develop a build-to-rent apartment building after a decade-long absence from the Queensland capital.
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Private capital key to solving Australia’s housing crisis
Shared equity schemes and rental investment trusts funded with private capital offer the best chance to rectify the national housing crisis, according to new analysis released today.
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New rental listings nosedive in April
Vacancy rates may have eased slightly in April but the latest PropTrack data shows the number of new rental listings on realestate.com.au plummeted last month.
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OpenAI’s ChatGPT Plus revolutionises user experience with 70+ powerful plugins
OpenAI has unleashed a suite of more than 70 third-party plugins for its ChatGPT Plus users to visualise and analyse data, parse website content, ask PDFs questions, help them househunt and even assist them to learn foreign languages.
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Victorian tenants caught in cruel rental scams
Cunning scammers are preying on vulnerable tenants trying to find rental properties in Victoria’s tight rental market, with victims losing more than $125,000 this year, so far.
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Sydney council proposes tax on empty homes
In an effort to combat the housing affordability crisis and increase the availability of rental properties, the Inner West Council in Sydney has put forward a proposal for a tax on empty homes.
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Aussie renters feel ‘left out’ of the Federal Budget despite new housing initiatives
More than half of Australian renters say they’ve been ignored in last week’s Federal Budget, with a further 25 per cent saying the government measures aimed at fixing the housing crisis don’t go far enough.
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Rental vacancy rates show slight improvement nationally
Rental vacancy rates eases slightly across the nation in April, with Darwin the only capital city to see a drop in vacancy rates.
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Rent bidding legislation could prove problematic
Proposed legislation to eliminate “secret rent bidding” is currently before NSW parliament, but the head of the state’s leading real estate industry body fears it could be difficult to manage in practicality.
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REA Group revenue hit by interest rate turbulence; Indian market shines
Interest rate uncertainty and subdued listing numbers have contributed to REA Group posting a decline in third-quarter revenue and earnings.
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Queensland has the nation’s most affordable suburb
Bardon, the leafy, green suburb in western Brisbane has topped a list of the nation’s most affordable suburbs.
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Gold Coast trophy home back on the market
The owners of a luxurious riverfront mansion on the Gold Coast have launched a new campaign to sell their lavish property.
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Property prices rise across regional WA, but some relief for renters
Tight supply and expensive build costs are putting upward pressure on property values across regional Western Australia.
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Iconic 1920s bungalow in Sydney’s Tamarama smashes records with $45 million sale
A 1920s brick bungalow in the Sydney suburb of Tamarama that last traded for £9750 in 1959, has sold for what’s believed to be about $45 million.
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Small investors remain active in the commercial market
Higher interest rates have contributed to slowing commercial property sales, however, assets under $5 million are still popular with investors according to an expert.
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Mark Carter: understanding and delivering value can generate more listings
Understanding your value proposition and knowing how to add value can help grow your real estate business according to an expert.
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Federal Budget doesn’t do enough to address long-term housing shortage
Real estate and housing industry experts have said the Federal Budget looks good on the surface but lacks the depth to address the nation’s long-term housing shortage.
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Feeling bored? Go for an indoor swim
A stunning Olinda house with its very own indoor, spring water pool and spa has officially hit the market with a price guide of $2.4-$2.64 million.
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Building approval drop adds more fuel to the housing crisis
The housing crisis across the country could get worse after building approvals dropped to their lowest level in a decade, according to experts.
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Protect your business and clients’ privacy: O*NO Legal’s Privacy Prepared Health Check
There’s no better time than now to make sure you’ve got your legals covered when it comes to your clients’ privacy.
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Rent assistance forms part of first surplus Federal Budget in more than a decade
Cost of living relief has formed the centrepiece of Jim Chalmers’ second Budget in under a year, with the treasurer delivering a surplus for the first time in 15 years.
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Alison Hancock joins Domain
Domain has appointed human resources executive Alison Hancock as its new Chief People Officer.
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New AI to give agents micro market insights
The Real Estate Institute of Victoria has joined forces with PropTech business PointData in a move that will enable agents to drill down to street level to generate market insights.
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Are renters being forgotten with the focus on mortgage holders?
Despite the ongoing attention on mortgage holders getting hit with higher interest rates, renters are actually the ones that are far worse off according to new research.
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Market downturn sees eXp World Holdings revenue and profits fall
eXp World Holdings, the parent company of virtual real estate brokerage eXp Realty, has announced its financial results for the first quarter of 2023 with significant drops in revenue and profit.
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A new era for Rodgers & Wilson Real Estate
After six years successfully servicing the Northern Gold Coast, family-owned agency Rodgers & Wilson Real Estate has taken the next step on their business journey, joining the Agents’Agency as they look towards a period of growth.
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Redfin joins the AI race – launches chat-based search plugin
The AI race is well and truly on in the US with real estate brokerage Redfin launching a ChatGPT plugin just days after Zillow did the same.
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Foreign buyers return to the Australian housing market
Foreign buyers are returning to the Australian market following a drop in numbers in 2022, according to a new property report.
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Elders Lifestyle Group extends Evans Head reach
The Elders Lifestyle Group has acquired First National Evans Head.
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The big four banks pass on the latest rate hike
There’s no relief in sight for borrowers, with all big four banks announcing they will pass on the latest 25 basis point rate hike.
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First-home buyers lead the way as new loan commitments rise
New loan commitments for housing have risen for the first time since early 2022, climbing 4.9 per cent in March, including a substantial 15.8 per cent increase in new owner-occupier first-home buyer loan commitments.
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Developing a team of auctioneers with the skill to handle anything
A focus on mentoring and working as a team has been credited with helping AuctionWORKS' auctioneers develop the skills to handle the plethora of situations auction day throws at them and generate the best results for clients.
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Remote investing soars, but it could trouble tight rental markets
Remote investing has accelerated for the third year running, despite the easing of Covid restrictions, and it could spell bad news for some of our tightest rental markets.
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Own a piece of Provence: historic castle for sale
The largest castle in Provence, known as Chateau De La Verdière, has just been put on the market for US$19.7 million.
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