Real Estate News
-
US market down $2.3 trillion since peak
New figures from Redfin show the US housing market has lost 4.9 per cent, or US$2.3 trillion, in value since its peak in June.
Read More » -
Sydney beats out Geneva, Paris for super prime sales
Sydney ultra high-end market has proven relatively resilient to economic headwinds, according to new research from Knight Frank.
Read More » -
Domain sees spike in rental demand coming from China
New figures from Domain show Australia's vacancy rate remained stubbornly low during February, with the company reporting a spike in rental search traffic from China.
Read More » -
APRA chooses not to loosen borrowing restrictions
The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite from the banks to do so.
Read More » -
Former Block winners to host Location, Location, Location
After nearly a decade off our screens, the property show Location, Location, Location is set to return with a pair of familiar faces at the helm.
Read More » -
Perth rents reach all-time high
Perth’s median rent reached an all-time high of $535 per week in February, with vacancy rates remaining well below what's considered a balanced market range.
Read More » -
Elders opens six new locations with Emms Mooney Acquisition
Elders will significantly expand their NSW footprint, announcing the acquisition of the Emms Mooney real estate and livestock business from 1 March 2023.
Read More » -
New Zealand value decline re-accelerates in February
The downturn in the New Zealand property market gained renewed pace in February, with values falling at their fastest rate since October 2022.
Read More » -
Is the downturn over? Home values bounce back in February
Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the downturn losing steam.
Read More » -
Elite Retreat Bali 2023: Is it possible to build a zero cost business in the AI age?
Artificial intelligence: It's been heralded as the 'Industrial Revolution 4.0' and, for agents willing to think outside the lines, it could be the key to your brand's future expansion.
Read More » -
The Agency uses downturn to focus on expansion initiatives
The Agency reported a $950,000 loss for the first six months of the year, however CEO Geoff Lucas says the company has managed to keep the fall in transaction volumes to a minimum.
Read More » -
New ABS figures reveal knockdown hotspots
The number of demolition projects in Australia is predicted to fall in the coming 12 months, but some areas are still seeing a high level of knockdown activity, according to new analysis.
Read More » -
Anne Flaherty: PropTrack economist’s predictions for 2023
While 2023 is likely to be a tough year for renters, signs are starting to emerge that the worst may be over for homeowners, according to PropTrack Economist Anne Flaherty.
Read More » -
The Queensland agency offering to cover six months rent or mortgage payments
With the cost of living crisis taking its toll on Australian households, one Queensland real estate agency has taken matters into its own hands.
Read More » -
Why the regional sea and tree change trend isn’t over yet
Predictions of a mass return to the cities following the end of the Covid-19 pandemic have been overstated, according to one expert who is predicting continued growth in regional property markets.
Read More » -
Raine & Horne announces the passing of Max Raine
Max Raine, the former Chairman of Raine & Horne, has passed away at the age of 91, the company has confirmed.
Read More » -
CoreLogic completes Plezzel acquisition
CoreLogic International has completed its acquisition of Victorian-based proptech firm Plezzel, a digital automation and lead generation platform.
Read More » -
Queensland introduces Property Law Bill to parliament
The Real Estate Institute of Queensland (REIQ) has slammed the Queensland government's decision to introduce a bill implementing a formal seller disclosure regime before resolving what it claims are outstanding questions.
Read More » -
Australia’s empty offices could be the key to solving the housing crisis
Turning empty office buildings in Australia’s CBDs into housing via a process known as asset repurposing could help solve the country’s housing affordability issues, according to a new report from PRD.
Read More » -
Regional Western Australia’s top price growth locations revealed
Western Australia's Bunbury was the top performing regional centre in the state over the December 2022 quarter, according to new data from the Real Estate Institute of Western Australia.
Read More » -
2023 ARERA winners announced
The winners of the annual Australasian Real Estate Results Awards (ARERAs), an initiative of the Real Estate Result Network, have been announced.
Read More » -
Westpac predicts rents will keep rising for longer
Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and developers back into the market.
Read More » -
Justin Miller takes RE/MAX top honour
RE/MAX Regency Principal Justin Miller has taken out the network’s ultimate honour for his contribution to the continued growth of the brand in Australia.
Read More » -
The Agents’Agency to focus on further growth
The Agents’Agency is ramping up its growth strategy, with business development specialist Sandy Taylor joining the team as a National Director and Head of Growth for Queensland.
Read More » -
The real reason real estate sales figures went backwards this January
A new report from Xero showing lackluster sales figures in the real estate sector is likely a hangover from early 2022's abnormal selling season rather than an indication of a looming crisis, industry experts say.
Read More » -
Australia’s leading on-shore contact center, saving you time in your prospecting
Meson Agency’s Founder John Angelopoulos can sum up his organisation in a nutshell.
Read More » -
MRI Software completes PropTech Group acquisition
MRI Software has completed its $93.4 million stock acquisition of PropTech Group.
Read More » -
Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.
Read More » -
School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to new research from Domain.
Read More » -
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
Read More » -
REA Group expands the reach of customer wellbeing platform
REA Group’s online wellbeing space for property professionals, Prosper, is now available to all REA customers.
Read More » -
Learn what happened when this agent left a team to build his own agency
When Cham Godakanda decided it was his time to shine, one of his big concerns was how his decision would be perceived by his team.
Read More » -
Adam Cook achieves work-life balance partnering with UrbanX
Excited to show the Capricorn Coast a consistent first-class experience, Adam Cook has launched Adam Cook & Co powered by UrbanX. With the support of UrbanX, Adam is now able to operate under his own name and is committed to delivery exceptional results for his clients.
Read More » -
100 days in: Craig Pontey shares highlights from time at McGrath Double Bay
We've been closely watching leaders' first 100 days since the times of President Roosevelt, and the two co-principals of McGrath Double Bay are no exception.
Read More » -
HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in the second half of the year is expected to bring increased stability to the market, Herron Todd White says.
Read More »