INDUSTRY NEWS
-
Foreign buyer purchases in decline, sales on the up
The latest data from the Australian Government indicates foreign buyer purchase volume dropped 19.5 per cent in 2019-20, while sales volume increased 66.4 per cent in the same period.
Read More » -
Hobart to lead national price growth in 2022
2022 looks set to be another strong year for property prices with Hobart set to be the standout performer.
Read More » -
Victoria home to the most tenant-friendly locations
The Melbourne fringe suburb of Hoppers Crossing has been named Australia's most 'tenant-friendly' for its close proximity to the CBD, low rent rates and mix of amenities.
Read More » -
Soaring prices makes Port Hedland the best in the west
Port Hedland was the top-performing region in Western Australia in 2021, with house prices increasing 44.7 per cent.
Read More » -
No relief for Queensland’s excessively tight rental market
egions remaining much tighter than what the Real Estate Institute of Queensland (REIQ) classifies as 'healthy'.
Read More » -
Northern Territory property prices on the rise
The Northern Territory unit market is going from strength to strength new data reveals.
Read More » -
Australia’s median house price soars past $1 million
Australia's median house price has hit a record high, soaring above $1 million according to new data.
Read More » -
Auction action: Brisbane agent to hold 15 auctions on one weekend
A Brisbane agent looking to make the most of tight stock levels and an excess of buyers is taking the unusual step of running 15 auctions on one weekend.
Read More » -
Regional Victorian house prices achieve record gains
House prices across regional Victoria have had an impressive 12 months of growth, recording the largest annual increase since 2001.
Read More » -
WA border delay to keep pressure on housing supply
Western Australia’s housing market will continue to remain tight following the State Government's decision to keep borders closed indefinitely.
Read More » -
Ray White Surfers auction achieves 80 per cent success rate
Ray White Surfers Paradise Group kicked off the 2022 auction season in style with 80 per cent of the 77 properties selling under the hammer at the 30th annual 'The Event' on Sunday.
Read More » -
New auction year kicks off after record December quarter
As predicted, the 2022 auction year has kicked off early, with 448 properties taken to auction nationally this week.
Read More » -
Sales of new detached homes in a ‘super cycle’
Sales of new detached homes increased by 11.3 per cent in December putting the level of demand in ‘super cycle’ territory according to a leading economist.
Read More » -
Kiwis eye-off Australian real estate in greater numbers
New Zealand property seekers have their eyes firmly on the Australian real estate market, outranking the US and China as the overseas cohort with the largest increase in property searches Down Under.
Read More » -
Fancy your own fairytale castle? It comes with a hefty price tag
A custom-built Gothic castle has hit the market in the United States for an eye-watering price tag of US$35 million.
Read More » -
Inner city buyers and townhouse demand to drive property market in 2022
Reverse sea-changers and people moving back to the inner city and into townhouses could be the driving force behind the property market in 2022 according to a leading buyers agent.
Read More » -
Another lender weighs into the variable rate battle
Lenders might be raising their fixed interest rates, but variable rates continue to be slashed, with ANZ becoming the latest bank to cut its basic variable home loan.
Read More » -
Industrial property to outperform in 2022
Industrial property will continue to be a standout performer in the commercial sector while CBD office and retail will potentially struggle in 2022.
Read More » -
Build-to-rent-to-buy housing to help vulnerable ACT women
A new initiative from the ACT Government aims to help vulnerable and at-risk women get onto the property ladder.
Read More » -
How much does the average real estate employee earn?
The Australian Bureau of Statistics has revealed the average weekly income for employees in the real estate sector.
Read More » -
Residential land value hits $6.6 trillion with further increases tipped
The value of residential land in NSW might have hit $2.67 trillion, but it’s still worth less than tech company Apple.
Read More » -
Central coast home jumps by $4 million in 18 months
A luxury home for sale on the Central Coast has increased in value by $4.5 million in und two years, highlighting the surge in demand for properties in the area.
Read More » -
Profit making resales rise despite lockdowns
The rate of profit making resales continued to increase last quarter, overcoming widespread lockdowns in many areas of the country.
Read More » -
WA skills shortage could lead to an affordability crisis
A new Property Council report has revealed 35 per cent of new apartment developments are on hold across Perth due to the impact of the state’s ongoing skills shortages.
Read More » -
Perth’s top 10 suburbs for price growth revealed
The Real Estate Institute of Western Australia (REIWA) has revealed the top 10 Perth suburbs with the greatest price growth in 2021, with Woodlands leading the charge.
Read More » -
Value of home loan commitments rises after three months of falls
New loan commitments rose 6.3 per cent according to the latest data from the ABS marking continued strength in the national housing market.
Read More » -
Every New Zealand suburb grew in value in 2021
A new report has highlighted just how strong the New Zealand property market has been, with every suburb showing positive capital growth in the past 12 months.
Read More » -
Top 20 locations where investors can buy with a deposit of $100,000
New research has revealed the top 20 locations that investors can buy into with a deposit of up to $100,000.
Read More » -
An unremarkable end to a remarkable property year in NZ
A remarkable year for New Zealand’s residential property market came to an unremarkable end, according to property intelligence firm QV.
Read More » -
Peak, peaked or peaking? How to read the current property market
Last year’s incredible house price growth drew plenty of media commentary, but there’s one big question many continue to ask: when will the market peak?
Read More » -
Rents hit record highs in most capital cities
The latest data from Domain shows that rents across most capital cities in Australia are now at record high levels.
Read More » -
More than 1000 suburbs top $1 million mark
The median house value has hit $1 million or more in 1120 Australian suburbs, new analysis from CoreLogic shows. The data released today shows that more than 400 suburbs in Sydney have a median house value equal to or greater than $1 million, while there are 221 suburbs in Melbourne. CoreLogic Research Director Tim Lawless said a $1 million price…
Read More » -
Law reform key to digital Australia
Lawyers and business owners are calling out for consistent and permanent reforms across all Australian jurisdictions as digital document signing becomes a business mainstay.
Read More » -
A culture playbook can help you hire the perfect team member
Creating and using a culture playbook when hiring new team members is essential to ensure you select someone that aligns with your businesses values, according to a leading real estate legal practitioner.
Read More » -
Omicron hits the real estate sector
With more than 600,000 active cases of Covid in Australia, and the Omicron variant surging across the country, the impact on the real estate sector is now becoming more evident. From staff shortages to legal implications and a slowdown in the rental market, this is what the nation’s real estate institutes are hearing from their members… Real Estate Institute of…
Read More »