Real Estate News
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Best Nest creates innovative rewards program to ease tenant vacate costs
An innovative property management agency on Sydney’s far western outskirts is set to introduce a new tenant rewards program that solves one of renters main pain points - the added costs associated with vacating a property.
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Another 7 locations for the rapidly expanding Better Homes and Gardens Real Estate network
The Better Homes and Gardens Real Estate brand is expanding its footprint by servicing an additional 7 new areas, with the addition of 8 new agents to its rapidly growing network.
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Major real estate firms suffer multi-million dollar losses as WeWork teeters on brink of collapse
Real estate firms who backed troubled shared workspace provider, WeWork, when it went public two years ago have now reportedly lost millions of dollars.
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New listings in Sydney hit the highest level in 14 years
Sydney has experienced the biggest surge in new listings since 2009, with vendors rushing to the market as Spring selling season kicks off.
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Short-stay accommodation increase contributing to the rental crisis
A sharp increase in the number of homes being put up as short-term accommodation is adding to the ongoing rental crisis according to the Real Estate Institute of Australia (REIA).
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Rising interest rates lead to poor mental health and increased stress
The impact of rising interest rates is taking a huge toll on borrowers, with 75 per cent of mortgage holders negatively impacted in their personal lives.
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Rise in new businesses to drive demand for commercial property
The number of new businesses getting started is increasing and it will likely lead to rising demand for commercial property according to an expert.
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Reserve Bank keeps interest rates on hold for third consecutive month
The Reserve Bank of Australia has kept interest rates on hold for a third consecutive month as it seeks to gain more clarity on the nation’s economic outlook.
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Perth’s tight market sees prices and rents continue to rise
Low listings and rentals have kept upward pressure on home and rent prices across Perth, according to the latest data.
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“Buyers are back”, as higher prices boost confidence
The likelihood that rate hikes have ended and rising prices, has seen buyers return to the market according to a new report.
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Greenview Real Estate: 100 days of exceptional service
Launching their own business wasn’t a decision Victorian agents Shami Hamdam and Sorush Nazari took lightly.
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Domain’s updated app to create more engaged buyers
Domain’s recently updated app aims to help boost buyer engagement and make life easier for sales agents.
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First National’s growth continues with new office in Gladstone
Anne Schofield will lead the office, with a commitment to making it the go-to agency in the area.
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Todd Madgwick to head Belle Property PM Growth and Performance for The Academy
Todd’s role will be to coach and develop the property management arm of the agency. The Announcement: Belle Property today announced the appointment of Todd Madgwick as Head of Property Management Growth and Performance for its professional development arm, The Academy. CEO of Belle Property, Peter Hanscomb commented on the role, “Todd has been appointed as a result of strong growth right across the Belle Property network…
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Housing affordability hits the worst level in three decades
The great Australian dream of home ownership is becoming a nightmare for many families, with new data showing that median-income earners can afford just 13 per cent of homes across the country.
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Financial strain: 15 per cent of homeowners fear selling amidst rising costs
Distressed property sales could be on the rise according to new research which shows 15 per cent of homeowners are worried they might have to sell their property due to the rising cost of living.
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REA Group to help save the great Australian dream
REA Group has teamed up with News Corp Australia on an editorial series to explore the steps and solutions required to enable Aussies to buy their first home.
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QLD and WA suburbs continue to outperform
The property market across the country continues to look increasingly positive, with an expert tipping more growth is still ahead for many areas.
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New listings off to a strong start this spring
The spring selling season appears to have started early with new listings growing 9.4 per cent across Australia in August.
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Has the interest rate rising cycle run its course?
Two-thirds of experts believe interest rates have peaked, while 97 per cent say the Reserve Bank of Australia will keep the cash rate steady at the next meeting.
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The epic Alkira Resort House has hit the market
Cape Tribulation's famed Alkira Resort House, a vision of futuristic architecture, is now up for sale.
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Property prices have bounced again in August
Spring selling season has arrived and property prices are continuing to heat up, with new data showing that values jumped 0.28 per cent in August.
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NZ property prices inching closer to a “floor”
The “floor” in New Zealand property is getting close, with values falling just 0.2 per cent last month according to CoreLogic NZ.
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Ray White takes home several REIWA awards
The agencies or agents won five awards. The Announcement: Top agent Vivien Yap has taken home the top award again at the industry awards in Perth. She’s been at the top of her game for 10 years. Ms Yap, who owns Ray White Dalkeith | Claremont in the affluent western suburbs of Perth, was awarded ‘Top Team by Value Sold’…
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REIQ announces Little as Large Residential Agency finalist
Little Real Estate's submission focused on the agency's year of transformation.
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The suburbs where owners hold homes more than 20 years
Clarinda, in Melbourne’s south-east, has been named the country’s most tightly held suburb for houses, with homeowners holding onto their properties for an average 24.4 years.
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Three reasons rent growth could slow in 2024
There could be some relief on the way for struggling renters, with rental growth likely to start slowing down according to an expert.
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Sydney’s luxury rental growth surges 13.1 per cent
Demand for Sydney luxury property has continued to surge with new data showing that rents have increased 13.1 per cent over 12 months.
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@realty sold $2.59 billion in property last financial year
Despite rate rises and economic challenges, @realty has reported robust results in its End of Financial Year (EOFY) review.
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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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REIV elects four directors; long-serving board members lauded for contributions
Current president Andrew Meehan and past president Leah Calnan are departing. The Announcement: The Real Estate Institute of Victoria (REIV) has elected two new directors to its board and farewelled two more long-standing board members. Award winning auctioneer Adrian Butera and buyers’ agent Mark Errichiello have been elected to the REIV Board after the Metropolitan Zone elections closed last Friday (25 October 2023). Mark Errichiello…
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