Real Estate News
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Canberra’s first electric vehicle apartment development
In a first for Canberra, a new apartment development will include individual Electric Vehicle (EV) chargers for each apartment in a bid to make the building more environmentally friendly.
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Next property boom could begin in mid-2023
The next property boom could start as soon as mid-2023 according to experts. Ayre Real Estate’s Directors Adrian Wilson and Craig Donohue have predicted that buyers should look to get into the market now ahead of a market turnaround when interest rates begin to fall. The Sydney city prestige apartment specialists said during the next boom apartments will likely outpace…
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WA Government to extend housing initiative for domestic violence survivors
The WA Government has announced the extension of a program that works with landlords and real estate agents to help women and children fleeing family and domestic violence.
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Share of homes for sale below $600,000 hits record low
Two years of surging home prices across Australia has seen the portion of homes under $600,000 hit a record low level.
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The Agency joins with MDC Trilogy Group to accelerate market share
National real estate group The Agency has entered a strategic alliance with MDC Trilogy Group to accelerate market share growth across new and complementary geographical areas.
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Airbnb co-founder’s new business is building small homes in backyards
Airbnb Co-founder Joe Gebbia has launched a new business focusing on building small homes in backyards.
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Buyers taking 9 months longer to buy a home
Buyers are taking more than 9 months longer to purchase a home than they did at the end of 2020, with tight supply and falling affordability behind the time blowout.
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Ease the peak season load with virtual assistants
Property managers already hit by staff shortages need to prepare early for peak rental season or risk driving more valuable staff out of the industry, outsourcing expert Tiffany Bowtell said.
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Former FTX boss Sam Bankman-Fried lists his $40 million penthouse
Sam Bankman-Fried, founder of the now-collapsed crypto exchange FTX, has listed the luxury Bahamas penthouse where he lived and worked.
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Industrial property the strongest performer in 2022
Industrial assets have continued their charmed run of recent years and look set to finish 2022 as the top-performing commercial asset according to an expert.
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The world’s first community of 3D-printed homes
A community in Texas is set to be the largest group of homes constructed using 3D printing technology.
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Half a house to go under the hammer in Brisbane
“Half a house” in Brisbane, which saw the top floor gutted by fire, is set to go to auction.
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Will an ‘Airbnb bust’ reach Australia?
Short-term rental hosts in the US are reporting significant losses amid fears of an “Airbnb bust” due to an over saturation of accommodation in the market.
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Profitable resales decline across New Zealand
Profitable resales across New Zealand continued to decline last quarter, dropping to 96.8 per cent according to CoreLogic.
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US brokerage Compass posts a $154 million loss
US tech-enabled real estate brokerage Compass posted a US$154 million loss last quarter, as the housing downturn continues to hit their bottom line.
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Covid regional hotspots lead price declines
The Covid boom that saw tens of thousands of people moving to regional Australia has officially come to end, with many regional hotspots now leading the downturn.
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Where it’s cheaper to buy than rent
After the surge in property prices over the past few years, it’s now cheaper to buy than rent a house in only 13.8 per cent of suburbs, according to Domain.
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Introducing JET Real Estate Byron Bay
Jason Dittmar, Elizabeth Hickey and Tania Sheppard are JET - the newest agency to hit the Byron Shire and Tweed Valley.
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Who’s more likely to be hit by rising energy costs?
With the continued push to renewable energy and the United Nations Climate Change Summit (COP27) now on, this week we take a look at where households source energy for their homes.
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A combined vision for culture: Michell Estate Agents launches with UrbanX
Simone Michell, in partnership with UrbanX, is excited to launch Michell Estate Agents, empowering her to create a space that embodies everything she believes in.
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Spanish Village with 44 homes hits the market
For anyone dreaming of a quiet life in Spain, a Spanish village could be yours for just $400,488 (€260,000).
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2022 AREAs submissions close this week
Australian property professionals have until midnight this Friday 18 November to finalise their submissions for the 2022 Annual REA Excellence Awards (AREAs).
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Top US real estate agent sells 16 homes every day
Texas real estate agent, Ben Caballero, might be 83 years old, but he’s officially the top sales agent in the US, selling a staggering 16 homes every single day.
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RBA rate hikes kick in for variable borrowers
Borrowers with a CBA, NAB and ANZ variable home loan have had a 0.25 per cent interest rate rise, with the banks passing on the RBA's November rate hike.
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Noosa dream home sells for $27 million in record off-market deal
A stunning Noosa Heads waterfront residence has defied softer market conditions and hit a new local price benchmark, after secretly selling for $27 million. The significant deal was achieved by Richardson & Wrench Noosa Principal Gillian McCauley in July with settlement now finalised.
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First annual decline in Australian home values since October 2019
The value of Australian residential real estate continued to decline in October, down to $9.5 trillion from $9.6 trillion according to CoreLogic.
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Auction volumes up 13 per cent
Capital city auction volumes increased almost 13 per cent this week, with 2159 properties going under the hammer to record a preliminary clearance rate of 60.1 per cent.
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iBuying platforms falling like dominoes
It hasn’t been a good start to November if you’re an iBuying platform, with Redfin closing its house-flipping business and sacking 13 per cent of its team as the brokerage deals with the downturn in the US property market.
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5 secrets to growing your rent roll
What is the secret to building a successful property management agency?
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4 million virtual inspections show changing trends in buying property
More than four million digital property inspections have been undertaken on a leading virtual tours platform over the past 24 months, demonstrating a clear trend in how Australians want to rent and purchase property.
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More choice for buyers as listings rise
The total number of properties for sale is increasing in nearly every part of the country, finally giving more choice to buyers.
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Switch and save on your business insurance
Real estate agents face many risks, from misleading or deceptive conduct to clients falling over in their office.
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Flood-affected property markets to recover within 12 months
Flood-affected property markets are likely to bounce back within 12 months according to an expert.
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