Real Estate News
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Young Australians live with their parents to save for a house deposit
The rising cost of living, including a lack of affordable housing, has changed the financial landscape for Australia’s youth.
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Explore Property makes a move into WA
Queensland-based real estate network Explore Property has opened offices in Western Australia with experienced professional Belinda Chandler.
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NSW and Brisbane hit hard by the housing supply crunch
Inner Brisbane and the western suburbs of Sydney are some of the hardest hit locations of Australia’s housing supply crunch according to new research.
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South Australian property remains steady as rates rise
Despite rising “economic uncertainty”, the South Australian property market continues to be the strongest in the country.
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REA Group increases revenue as “heat” comes out of the market
REA Group has announced an increase in first quarter revenue thanks to strong listings, however, the outlook remains mixed as the “heat” comes out of the property market.
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Queensland’s vacancy rates tighten further
Inner city Brisbane’s vacancy rate has dropped below one per cent for the first time in a decade, with several areas in the Sunshine State having almost no available rental properties.
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The 5 biggest rent roll growth mistakes (and how to avoid them)
Getting caught up in the “bigger is better” mentality is an easy trap to fall into, but ramping things up isn’t always the best option for your business, warns O*NO Legal - The Real Estate Agents’ Lawyer, founder, Kristen Porter.
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Another record-breaking year for pub sales
After a record-setting year for pub sales across NSW last year, 2022 is shaping up to be even stronger.
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Rex reveals new tools to generate leads and convert customers
Australian-based software company Rex has launched a streamlined IT solution for real estate agents to generate leads, convert customers and grow their business, combining two easy-to-use integrated tech platforms.
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Rate hikes slash home buyer’s budgets $214,000
The average family's borrowing capacity has shrunk by $214,600 as a result of seven months of interest rate rises.
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Billionaire puts Brisbane’s tallest penthouse on the market
Brisbane’s tallest penthouse, standing 270 m high, has hit the market.
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Nerida Conisbee: Australia’s ghost town suburbs
Holiday homes were hot property during the pandemic, fuelled by an inability to travel internationally, high savings rates and very low mortgage rates. This, however, has become a problem and we are seeing a shortage of rental properties as a result. In the most recent Census, there were 1.04 million homes unoccupied, or around 10 per cent of all Australian…
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Nigel O’Neil’s next move: Where he’s off to and what he’s most proud of achieving at Barry Plant
Outgoing Barry Plant Chief Executive Officer Nigel O’Neil plans to spend some time with his family before continuing his career as a change CEO when he leaves the real estate network.
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What it takes to succeed in real estate
Just 40 per cent of new real estate agents are confident they can have a long-term career in the profession, a new survey reveals.
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Nigel O’Neil steps down as Barry Plant CEO
Nigel O’Neil will step down as chief executive officer of real estate group Barry Plant after four years with the business. Director Mike McCarthy has been appointed as the acting CEO, with Mr O’Neil to transition his handover in the the coming weeks. A search for Mr O’Neil’s successor has started. Mr O’Neil took over the CEO role from Mr…
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Digital signatures the most valuable tech tool for agents
Digital signatures, a lockbox and apps and technology that connect to listing portals, are the most important technology for real estate agents according to a new US survey.
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The 20 suburbs where property price growth is still on the cards
Burekup in south west Western Australia is ripe for future property price growth new analysis shows.
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Real estate industry needs to be more vigilant with data
Industry experts have called for more to be done to protect tenants', landlords' and trades' personal and financial information following a recent data breach.
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Contestants, auctioneers and the underbidder say there was no dummy bidding on The Block
The Block auctioneers and the winning contestants have rubbished rumours the underbidder on Oz and Omar’s resort-like House 5 was dummy bidding to push the price of the property up.
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Mortgage rates nearing APRA’s mortgage serviceability buffer
The sharp rise in the official cash rate has seen mortgage rates pushing up towards the Australia Prudential Regulation Authority’s (APRA) mortgage serviceability buffer.
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October clearance rates hit a seven-month high
Auction clearance rates bounced to a seven-month high across the combined capitals and volumes have risen as sellers adjust to the new market conditions.
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Highest auction clearance rate since late May
Sydney led the charge as the auction market recorded its strongest preliminary clearance rate since late May, with 1883 properties going under the hammer across the combined capitals.
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Luke Need partners with UrbanX in Townsville
Need Property, founded by respected local Townsville agent Luke Need, has officially entered the market with streamlined, premium service and client support.
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UrbanX introduces Pery Morrin Property
With the help of UrbanX, elite agents Steve Pery and Toby Morrin have launched Pery Morrin Property to bring a people-focused approach to property transactions on the Sunshine Coast.
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Sweetest success for Queensland’s Small Residential Agency of the Year
Sunshine Coast agent Mark McGill is no stranger to winning real estate industry awards, but his latest accolade is by far the sweetest.
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Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value for first home buyers according to an expert.
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The Office fans can experience a night inside Dunder Mifflin
Fans of the US version of The Office will soon get to experience exactly what it would be like to live and work inside Dunder Mifflin.
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Dr Dre lists his Malibu beach house for $20M
Music mogul Dr Dre is set to part ways with his long-held Malibu beach house, asking US$20 million for the property.
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Craig Pontey and Michael Finger move to McGrath
High-profile Double Bay agents, Craig Pontey and Michael Finger have officially moved over to ASX-listed McGrath after 35 years with Ray White.
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Harcourts confirms cyber incident
Real estate company Harcourts has today confirmed that its Melbourne City franchisee has been the victim of a cyber incident. In an official release, Harcourts Australia stated that on October 24, the Melbourne City franchisee became aware its rental property database had been accessed by an unknown third party without authorisation. “Each Harcourts office operates as an independent franchise with…
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Marketing Masterclass: What agents can learn from selling The Block’s House #3
The cultural phenomenon that is The Block took things up a notch this year, heading to the countryside for the show’s first ever tree-change season.
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