INDUSTRY NEWS
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Auction volumes down but clearance rate holding steady
Consecutive long weekends have continued to impact auction volumes, with 1613 properties taken to auction across the combined capitals this week to return a preliminary clearance rate of 62.3 per cent.
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Property price falls moderate as spring activity increases
Property prices across the country were widespread in September, but the pace of falls moderated significantly, with the national median value of a home in Australia now at $752,000.
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Controversial Queensland land tax shelved
The Queensland Government has shelved its controversial land tax, with the state’s peak real estate body saying the decision is the right one to make.
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Low-deposit finance across New Zealand becoming harder to get
Low-deposit finance is becoming increasingly hard to secure in New Zealand as banks continue to tighten lending standards.
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Queensland real estate icon Andrew Bell joins REIA board
Ray White Surfers Paradise owner and widely respected agent Andrew Bell OAM has been appointed to the Real Estate Institute of Australia (REIA) board of directors as an additional director.
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Adelaide property prices starting to cool after a record run
The daily number of sales in metropolitan Adelaide has fallen dramatically this year, reverting back to pre-pandemic levels, according to new data.
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Neighbours property on the market as council rejects heritage listing
A slice of Australian television history is on the market, with one of the Melbourne homes featured in Neighbours for sale with a price guide of $1.2 million to $1.3 million.
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CampaignAgent reacts to huge industry uplift in demand for more VPAPay
Agencies have reported a significant uplift in Pay Later applications as the property market turns from a seller’s to a buyer’s market, according to CampaignAgent.
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Demand increasing for energy efficient homes
Demand for energy efficient homes is on the rise as cost of living pressures are forcing Australians to look for more affordable options.
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Australia’s most ‘royal’ suburbs revealed
The town of Warragul in eastern Victoria is officially Australia’s “most royal” location, boasting more royal street names than any other suburb or town in Australia.
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Brisbane gets its first $3 million suburb
The inner-city suburb of Teneriffe in Brisbane has officially become the first suburb in the city to top the $3 million median price mark.
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858,000 households have an adult child living at home
The cost of living is surging across Australia and the higher expenses are forcing more people to move back in with their parents.
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Adelaide and Brisbane among the world’s best performed property markets
Adelaide and Brisbane have bucked the national trend and recorded strong house price growth as worldwide prices continue to climb.
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Queensland multi-jurisdictional land tax plan hits a hurdle
The Queensland Government’s plan to introduce a land tax that encompasses property in other states may have hit a snag, with New South Wales Premier Dominic Perrottet saying he won’t hand over the property data.
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How Pay On Success VPA solves vendor reluctance in today’s market
The property market is changing. Your approach to vendor paid marketing needs to as well.
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Hefty deposit needed to inspect Melissa Caddick’s Dover Heights home
The Dover Heights home of missing alleged fraudster Melissa Caddick has officially hit the market, but if you’ve been wanting to take a peek inside, these photos are likely the closest you’ll get.
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Queensland rental supply falls 30 per cent as investors exit market
Surging house prices across Queensland have caused a wave of investor selling, the the number of available rental properties dropping dramatically.
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Australian home buyers prepared to wait for lower prices
Nearly eight in 10 Australians are prepared to wait for house prices to fall further before jumping back into the market, according to new data.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the fourth consecutive week, despite a drop in auction volumes.
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The worst is yet to come on interest rates and the economy: Treasurer
Federal Treasurer Jim Chalmers has warned homeowners there will likely be more pain ahead as interest rate rises start to weigh on the economy.
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Grow your rent roll with levelled up listings
Property managers have always been amongst the hardest workers in the room. Landlords expect great results in short timeframes, but are also looking for the cheapest possible prices, meaning PMs often have to compromise on using the best quality tools and services.
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Adelaide land prices climb north of $200,000 for the first time
Adelaide real estate continues to be among the strongest in the country, with the value of land now surpassing $200,000 for the first time.
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First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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US home mortgage rates top 6 per cent for the first time since 2008
Mortgage rates in the US have hit their highest level since 2008, as the popular 30-year fixed rate loan has now topped 6 per cent.
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Former REA Group CEO Tracey Fellows retires
Former REA Group Chief Executive Officer Tracey Fellows has announced her shock retirement.
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New PMVA menu serves up office efficiency
Do you need help advertising a property? What about organising inspections or onboarding a new tenant?
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Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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A scroll through Melbourne’s most popular streets
Outer suburb Melbourne McMansions have dominated Victoria’s buyer interest over the last three years according to realestate.com.au.
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International buyers return to luxury property markets
With travel restrictions continuing to ease by the day, international buyers have returned to hunting for luxury property in many of the world's most exclusive markets.
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Rising rates to continue to weigh on property markets: RBA
Rising borrowing costs will likely see property prices fall, however, the magnitude and timing is unclear according to the RBA.
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Agent hits ground running with morning workout
Real estate sales professional Angela Stergou prepares for the day ahead with a 30-minute workout every morning.
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Clearance rate rises as auctions enjoy their busiest week since June
Spring selling season is under way in earnest with this week proving the busiest auction week since June while the preliminary clearance rate climbed to its highest point since May.
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Building high-quality housing doesn’t make older properties more affordable
Filtering, the process of building new high-quality homes for higher income earners, doesn’t necessarily make older homes more affordable according to new research.
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Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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Rent roll values rise across the eastern states
The median value of a rent roll across Australia’s eastern seaboard has risen to $470,657, new data from a specialist rent roll broker shows.
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