Real Estate News
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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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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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