INDUSTRY NEWS
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The 20 housing markets to watch around Australia
Queensland suburbs have taken out the top three spots in the Well Home Loans Green Shoots Report, which identifies the top 20 Australian suburbs likely to experience strong growth in 2022.
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Sydney’s next $2 million median suburbs revealed
With house prices rising across Sydney at more than 20% per year and with the median house price of around $1 million, the next barrier for many suburbs will be the $2 million mark.
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New Zealand property value bounce back likely to be temporary
House prices in New Zealand recorded a mini bounce back in October with values up 2.1 per cent over the month. It was the first time in six months that price growth sped up, according to the CoreLogic House Price Index, after September recorded a monthly growth rate of 1.4 per cent. The average value of a property in New…
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Clearance rates begin to fall as auction volumes remain high
Auction volumes remain high with 3276 homes taken to auction across the combined capitals this week, resulting in a preliminary clearance rate of 76.1 per cent. CoreLogic has reported that continued high volume has led to a steady decline in the clearance rate over recent weeks, with the success rate trending lower since its peak of 83.2 per cent on…
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Bowling alleys and enormous spas feature in Victoria’s top house sales
If you’ve got a bit of spare time this weekend and want to see how the other half live then check out this list of 10 luxury Victorian homes that sold over the past 12 months.
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REA Group reports Q1 results, revealing strong growth
REA Group delivered strong growth across its Australian segments during the three months to September 30, with revenue excluding acquisitions increasing by 22 per cent year-on-year to $264 million.
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Industry offers recommendations to address housing supply
Both the Real Estate Institute of Australia and the Property Council have offered their take on how to address Australia’s housing supply shortage.
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More choice expected for home buyers
Following a lengthy period of demand far exceeding supply, home buyers can expect more choice over the coming months, with rising auction volumes and thousands of new listings across most of the country, as COVID-19 restrictions ease.
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Victoria breaks land price records with lots over $300,000
Land prices in Melbourne’s key growth corridors have experienced strong growth, increasing by 7.7 per cent over the year, with lots in almost every municipality now valued higher than $300,000.
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John Minns appointed as first NSW Property Services Commissioner
Former Independent Property Group Managing Director John Minns has been appointed as the first Property Services Commissioner for NSW, in a move to support the $100 billion industry and its consumers.
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New REINSW president Peter Matthews takes the reins
Peter Matthews, Founder & CEO of Realtair, today begins a two-year tenure as President of the Real Estate Institute of NSW (REINSW). Mr Matthews takes the reins from Leanne Pilkington, CEO and co-owner of the Laing+Simmons network, who remains on the REINSW Board.
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Snug and Zango integrate to make renting easier and faster
"In the highly competitive Canberra rental market speed counts. As a modern, vibrant property portal with an unwavering focus on user experience and customer service, Zango is delighted to partner with Snug to expand upon our platform's digital agility to reliably and conveniently connect people with places" said Zango CEO, Darryn McRae.
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Sydney house prices to reach new heights in 2022
House prices are expected to surge as domestic borders open and international travel resumes, according to experts surveyed by financial comparison site, Finder.
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Regional property markets predicted to outperform capital cities in 2022
Regional property markets will be the ones to watch in 2022, according to Canstar’s inaugural Rising Stars Report, which identifies the top suburbs for future price growth.
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Crypto tokens welcome all global property investors
The Real Estate industry is buzzing as international properties can now be bought and sold using cryptocurrency tokens.
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RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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Housing affordability declines as investors flock to COVID-free states
New loan commitments for housing have fallen, particularly in COVID-ravaged states, as housing affordability continues to decline.
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New guide helps real estate agents master digital marketing
Australians spend 1.46 hours on average a day on social media and 20.5 million of us use Facebook in this country, yet most agents have not fully embraced the power of social media as an advertising tool.
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Investments and carbon reduction all part of REA Group’s sustainable year
Despite unpredictable economic and social conditions created by the global pandemic, REA Group has remained committed to its Environment, Social and Governance (ESG) obligations, adopting new technology and innovation to continue positive forward progression.
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Spring selling sees surge in Perth listings
The number of houses on the market has jumped across Perth as sellers ‘take advantage of Perth's strong market conditions.’
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Clearance rate slips below 80 per cent as auction volumes surge
This week again proved busy for auctions, with CoreLogic tracking 3524 auctions across the major capitals.
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REA Group backs stamp duty exemptions supporting City of Melbourne
REA Group has announced a new partnership with the City of Melbourne to help bring to life the council’s latest campaign, ‘This is Your Local’.
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Hobart median house price hits the $1 million mark
The record run of house price growth across Tasmania has seen many inner-city Hobart suburbs hit the exclusive $1 million median price for the first time.
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New Zealand’s hot property market starting to slow down
New Zealand’s property market may see a mini bounce back in the final two months of 2021, but conditions for a sustained upswing are unlikely to materialise, according to an industry data provider.
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Regional renters struggle as listings plummet
Regional renters are facing an uphill battle to put a roof over their heads with the number of listed properties on realestate.com.au 40 per cent below their pre-pandemic levels.
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Residential land in high demand across Australia
Vacant land is one of the hottest commodities in residential real estate at the moment with some blocks increasing in value 45 per cent in just five months.
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Australian real estate ranks number one for sustainability
Australia’s real estate market has topped the list in the internationally recognised GRESB Real Estate Assessment ranking for 2021, proving yet again that Australia’s real estate sector leads the world in sustainability.
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CPI edges towards RBA target
Newly released figures show the All Group Consumer Price Index for September increased at a similar rate to the previous quarter, while the changes in the analytical series were the highest they’ve been in six years.
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Property prices hit records across the country but the market is cooling
Australia’s median house price is fast approaching $1 million with the fastest rate of annual growth on record hitting 21.9 per cent, according to the latest data.
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Scorching land demand continues across Southeast Queensland
A 70% fall in land for sale in southeast Queensland has led to surging prices and one of the most ‘most competitive land markets in recent history’.
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Rent.com.au financial report reveals further growth
Rent.com.au has released its 2020/2021 financial report, revealing another year of growth, despite posting a net operating loss after tax of $1.295 million.
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Rental prices surge amid stock shortages and high demand
Australian rental prices have surged over the past 12 months, recording the fastest annual rise since 2008, new data has revealed.
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Units hot property in Northern Territory market
The unit and townhouse market across the Northern Territory continues to soar with sales volumes and weekly rents climbing.
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NSW property market the strongest in 40 years
REINSW, CEO Tim Gibbons, believes the strength in the current market is ‘like nothing he’s seen before,’ as house prices across the state continue to surge upward.
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Five key pillars to identify growth suburbs
With property market around the country growing at a rapid rate, one property expert has urged buyers to look beyond the headlines and focus on ‘micro factors’ that impact property growth.
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