INDUSTRY NEWS
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Why sustainable homes sell faster
When given a choice, two-thirds of home buyers prefer energy-efficient homes according to new research from Domain.
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Michael Pallier selected to sell Melissa Caddick’s Dover Heights home
Michael Pallier, of Sydney Sotheby’s International Realty has been appointed to sell conwoman Melissa Caddick’s Dover Heights property.
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Nearly 13 per cent of first home buyers are considering purchasing interstate
With property prices rising faster than buyers can save, one in eight first home buyers have said they are considering purchasing a home in another state to help them get on the property ladder.
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A quarter of homes sold for more than $1 million
Almost one-quarter of all homes sold in the past 12 months have been worth more than $1 million dollars
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Property prices fuel rise in household wealth
Climbing property prices continued to fuel an increase in total household wealth in the March quarter, with wealth per capita soaring to a record high of $574,807.
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Just how at risk is Australia of falling property prices?
Australian property prices will not fall as much as they have gained in the past 12 months according to industry experts, despite a new global study saying the market is one of the most at risk in the world of dropping.
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Gold Coast developer accepts crypto as deposit on luxury apartments
A Gold Coast property developer is accepting Bitcoin as a deposit for their latest luxury apartment development.
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Virtual assistants a timesaver for agents
Not enough hours in the day? Frustrated because you really need more hands in the office but don’t have the budget?
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2021 Census: Apartment living rises but fewer homes owned outright
The way Australians live is becoming increasingly diverse, with fewer households owning their home outright and more people living in apartments, according to the 2021 Census.
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Sydney in top 10 for prime residential rent growth
Sydney has ranked fifth on a global list of cities with the highest annual rise in prime residential rents.
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How blockchain will revolutionise real estate
The Real Estate Institute of Australia has released a groundbreaking report, outlining the many use cases for blockchain in real estate and examining how it could shape the industry moving forward.
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Where are you most likely to find an energy efficient home?
Energy prices are on the move and although a crisis of widespread blackouts looks to be averted for now, longer term, having an energy efficient home is going to become increasingly important. So, are we seeing more energy efficient homes? And in what suburbs are we seeing more of them?
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Melbourne named Australia’s most liveable city
Melbourne has been named Australia’s most liveable city and number 10 in the world, while other state capitals have tumbled down the rankings.
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ANZ and Westpac lift fixed rates again
ANZ and Westpac have again hiked the interest rate on their fixed rate loan products.
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Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted by the higher cost of living and could experience mortgage stress, according to data.
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Drop in auction volumes sees clearance rate rise
Auction volumes fell across the combined capitals this week, largely driven by a drop in properties going under the hammer in Melbourne.
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MoneyMe revamps ListReady for agents
Digital lender and non-bank challenger MONEYME (ASX: MME) has revamped its ListReady product for real estate agents, in a bid to create a more seamless process that allows them to focus on what they do best, while empowering sellers in a shifting market.
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The blueprint for becoming a million dollar agent
Are you ready to step up your real estate game, target the 2022 consumer, make more money and become a listings machine, all while building your profile and reclaiming your time?
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Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy rates and rising rents put pressure on low-income earners.
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Homeownership increasingly “out of reach” as average deposit hits $120,000
The surge in property prices has seen the hurdle to get into the property market get even higher with the average first home buyer deposit hitting $119,560.
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Homely continues Queensland expansion with Ray White partnership
Homely.com.au, one of Australia's largest online real estate marketplaces, has further expanded their Queensland presence with their most recent sponsorship of the largest real estate networks in Australia, Ray White Queensland.
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Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that saw values surge 40 per cent between June 2020 and March 2022.
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The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
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Market boom prompts agent increase
Whether it was the popularity of Luxe Listings or the fact the property market enjoyed an upswing, real estate has become an increasingly popular career choice over the past couple of years.
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Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.
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REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is disappointed at the lack of action on housing affordability and accessibility.
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NSW Budget helps certain sectors of the property market
The NSW Government’s stamp duty reform, shared equity scheme and housing infrastructure boost are all positive starts but don’t stretch far enough to make a meaningful, long-term impact on the property market, according to industry experts.
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Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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NSW Government announces trial shared equity housing scheme ahead of Budget
Teachers, nurses, police, single parents and older singles will be able to tap into a $780.4 million shared equity scheme to buy a home under a new NSW Government trial.
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Stamp duty putting a huge financial burden on NSW homebuyers
Stamp duty is rising at a faster rate than wages and house prices in NSW, causing homeowners to stay in properties that aren’t suited to their needs.
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NSW Government pledges $20 million to increase women in construction
The NSW Government has announced an investment of $20 million over the next three years to help increase the number of women working in construction-related roles.
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AI digital assistant RiTA scoops two innovation awards
RiTA, the AI digital assistant for real estate agents, has won two innovation awards at the 2022 PropTech Awards.
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Auction volumes up, clearance rate still slipping
Auction volumes increased this week, but still the preliminary clearance is lingering at its lowest point in almost a year.
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