Real Estate News
-
Vendor confidence up with appraisals rising 34 per cent
After a booming 12 months for Australian real estate, vendor confidence across the continent remains robust, according to Raine & Horne. Raine & Horne released new data that indicates property appraisals are about 34 per cent higher than winter 2020 and almost 44 per cent stronger than the same time in 2019. According to CoreLogic, national home values rose 13.5…
Read More » -
Property Council of Australia welcomes NSW support packages worth $9 billion
The Property Council of Australia has welcomed state and federal business support packages for New South Wales (NSW) announced this week.
Read More » -
Australians’ savings drop as more struggle to pay rent
Australians’ saving levels have fallen to their lowest level since March 2020, according to new research by Finder. Finder’s Consumer Sentiment Tracker (CST) survey revealed more Australians are struggling to pay rent as Sydney’s lockdown lingers, with cash savings seeing a sharp decline. Each quarter, Finder analyses its most recent data to uncover the trends underpinning the financial, mental and physical…
Read More » -
Rex readies to go live with its first ever pop-up event
Rex Software is set to take a leap into the world of live events, with their first Rexfest LIVE to be held on July 23 at their extended office in Teneriffe, Brisbane. The pop-up RexFest event will focus on practical advice on automation to drive prospecting and nurturing, with insights into what a panel of automation superheroes are doing to…
Read More » -
New Zealand’s mortgaged investors see fall in share of property purchases
Over the past three months, New Zealand‘s mortgaged investors have seen their share of property purchases fall, while the number of first-home buyers (FHBs) bought at increased rates. CoreLogic New Zealand (NZ) Chief Property Economist Kelvin Davidson said these patterns were more due to the 40 per cent deposit mortgaged investors need, rather than the March tax changes. The June…
Read More » -
First home buyers fuel sales volume surge in Perth’s more affordable suburbs
Ridgewood, Madora Bay and Two Rocks are amongst the 10 Perth suburbs that have seen the biggest percentage increase in sales activity during the 2020-21 financial year. Real Estate Institute of Western Australia (REIWA) President Damian Collins said six of the 10 suburbs had more than doubled their sales tally in the 2020-21 financial year, compared to the 2019-20 financial…
Read More » -
The interior design trends millennial prospective homeowners really want
Millennial interest in interior design trends has skyrocketed thanks to popular video-sharing app TikTok. So which styles are young prospective homeowners looking for? With millennial interest in homeownership sharply increasing, it is vital to maintain up-to-date knowledge of the latest trends, including in interior design. UK-based home insurer Money investigated which interior design trends have made the biggest impact this…
Read More » -
Amazon announces Luxe Listings Sydney season two is in production
Amazon Prime Video’s hit show Luxe Listings Sydney is currently in production for season two. The Amazon Prime Video exclusive’s second season will see the return of the Luxe Listings Sydney’s dynamic trio – Gavin Rubinstein, D’Leanne Lewis and Simon Cohen – and is set to provide fans with even more of the glamour, drama and stunning properties. The first season of Luxe Listings Sydney has…
Read More » -
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
Read More » -
‘Inaction Figure’ campaign takes aim at traditional home loan lending industry
With 75 per cent of Australians frustrated with the traditional home loan process, Australian fin-tech Nano has launched the world’s first ‘Inaction Figure’ to take aim at the lending industry. The ‘Inaction Figure’ symbolises the frustrations Australians experience with traditional lenders when it comes to home ownership and refinancing. Some of the most significant frustrations include confusing jargon (72 per cent), too…
Read More » -
Property managers urged to stand up against domestic violence
The Real Estate Institute of Australia (REIA) is asking property managers to help them stand up against domestic violence by filling out a short three-question survey by 26 July, 2021.
Read More » -
What the updated lockdown restrictions mean for NSW real estate agents
The updated New South Wales (NSW) coronavirus restrictions are tricky for anybody to navigate. It's even more difficult for real estate agents who are trying to maintain business.
Read More » -
First home buyers in the US struggle to save for a down payment
It is estimated to take a full year longer to save for a down payment on a starter home than it did five years ago, a new Zillow study has found.
Read More » -
The top 10 most undersupplied metro rental markets revealed
The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available properties for tenants.
Read More » -
Kelly Clarkson sells her Tennessee lakeside mansion for US$6.3 million
Singer, songwriter, and talk-show host, Kelly Clarkson has sold her gorgeous lake house in Hendersonville, Tennessee for US$6.3 million.
Read More » -
What social media really thinks of Luxe Listings Sydney
Luxe Listings Sydney aired on Amazon Prime last Friday and the internet is blowing up about the Australian-based reality TV series. While some felt it was following a format seen too many times before, many viewers flocked to social media to share their love for the show. “Luxe Listings Sydney is SO good. I was not expecting this. It’s like…
Read More » -
Airtasker and Soho founder Jonathan Lui reveals major real estate website acquisition
Soho, an AI-powered personalised real estate platform, recently announced it has officially acquired Home Sales.
Read More » -
National auction volumes remain steady despite drop in Sydney
The preliminary auction clearance rate has risen to 76.4 per cent this week, with volumes remaining relatively steady despite a 17 per cent drop in the number of predicted auctions in Sydney.
Read More » -
Top 10 Perth suburbs to see the biggest median house sale growth
Real Estate Institute of Western Australia (REIWA) data has revealed the 10 Perth suburbs to have seen the biggest growth to their median house sale price.
Read More » -
CoreLogic investigates how the housing market reacts to lockdowns
CoreLogic has released a comprehensive overview of housing market performance through lockdowns.
Read More » -
Five ways the UK housing market can progress post-pandemic
It's more than one year since the onset of the COVID-19 pandemic in the United Kingdom (UK). The effects are noticeable in all sectors and the housing market has certainly not been spared.
Read More » -
‘You’re dealing with a lot of egos in this business…’: Luxe Listings Sydney makes its debut
After spending the last 15 years shamelessly indulging in the reality shows of the luxury property market (and their over-the-top agents) of Los Angeles and New York, finally, it’s Australia’s turn.
Read More » -
Century 21 rolls out AI technology to entire network
Century 21 has announced that it will roll out the RiTA by AiRE technology across its entire network, which will be available at no cost to the offices for the first six months of implementation. RiTA by AiRE is a lead generation and nurturing robot that helps real estate professionals generate more listings from their database using artificial intelligence (AI)…
Read More » -
New Zealand’s Wellington sees a 123 per cent rise in property values
Across the wider Wellington area, the past six years have brought large increases in property values, following a long flat patch prior to 2015.
Read More » -
Congratulations to the REINSW 2020 Awards for Excellence finalists
The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence.
Read More » -
Herron Todd White issues ‘half time’ property market score for 2021
Herron Todd White (HTW) has issued their ‘half time score’ for the property market in 2021, with their June Month in Review highlighting ‘mostly robust property markets across the nation’.
Read More » -
Major global cities see house prices rising at the fastest rate since 2007
Darwin, Canberra and Hobart house prices are rising at the fastest rate since 2007, says Knight Frank Global.
Read More » -
Hope Island prestige estates report boost in sales amid luxury market spike
The Gold Coast suburb of Hope Island has seen a huge spike in sales amid the luxury market boom. Sanctuary Cove, Park Cove, the Palladium and The Gallery homes in Hope Island on the Gold Coast have seen staggering figures, thanks to the recent prestige property boom. Sanctuary Cove has notched over $100 million in sales in recent months. Two…
Read More » -
REA reports home sales increased by 60 per cent in June compared to previous years
Property sales have remained steady and are over 60 per cent higher than in 2020 and 2019, according to a new report from the REA.
Read More » -
Just 19 per cent Australians think you can buy a house for the listing price
Prospective homebuyers think they should brace themselves to pay more than the asking price, says new Finder research. A national survey of 1012 respondents found just 19 per cent of Australians agree that houses sell for the price they are listed for. The research revealed 70 per cent expect property to sell for more than what the seller asks. One in…
Read More » -
Experts weigh in on the Reserve Bank of Australia’s rate-hold
On Tuesday afternoon, the Reserve Bank of Australia (RBA) announced the official cash rate was on hold, to mixed reactions. Economists and industry leaders have weighed in on the RBA’s announcements on social media, with many using Twitter to share their opinions. Economist and Monash University lecturer, Dr Isaac (Zac) Gross says the under-covered aspect of the RBA is the…
Read More » -
How Australia ranks for female empowerment and gender equality
Australia has ranked within the top 20 countries in the Female Opportunity Index 2021.
Read More » -
Richard Matthews Real Estate gets behind Beyond Blue
Richard Matthews Real Estate director and auctioneer Matthew Everingham has announced a fundraising collaboration with Beyond Blue.
Read More » -
Cash rate remains on hold, but RBA eases up on bond buying
The Reserve Bank of Australia has left the official cash rate on hold at its July meeting, but signalled it intends to wind back its bond buying program as Australia transitions from “recovery to expansion”.
Read More » -
Scott Inglis and Nils Turner join forces to establish Century 21 Southern Gold Coast
It’s been 29 years since Scott Inglis and Nils Turner first worked together at Century 21. The pair, who have 69 combined years of experience and numerous awards, have now reunited to open Century 21 Southern Gold Coast. The new office officially opened on July 1, servicing the Burleigh Heads to Tweed Heads area. The duo sought to join forces…
Read More »