Real Estate News
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Households well-placed to absorb interest rate rises
Despite doom and gloom headlines about rising interest rates and the increased cost of living, data from the Reserve Bank of Australia reveals many Australian mortgage holders are well-placed to absorb further interest rate rises.
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Gavin Rubinstein’s TRG to expand without Ray White branding but still part of the group
Just three years after opening the doors to its Woollahra office, Gavin Rubinstein’s TRG agency is set to expand to Rose Bay - but it won’t be doing it with Ray White Branding.
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Lily Collins buys Kristen Wiig’s Pasadena house
Actress Lily Collins, best known for the film Emily in Paris has quietly acquired the former home of actress and comedian Kristen Wiig in an off-market deal.
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Sydney vacancy rate hits 5-year low
The vacancy rate across Sydney has plummeted to a five-year low, putting the city on the verge of a rental crisis, according to the Real Estate Institute of New South Wales (REINSW).
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Familiar faces and same great service now with new look
Established agent Annie Hou has opened a new real estate office in Upper Mount Gravatt this month after joining the RE/MAX network in February this year.
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Sherrie Storor: Listings on autopilot
Agents tired of the churn and burn daily grind that real estate can throw at them will find plenty of innovative strategies, processes and proven tips at an upcoming “property party” designed to help them create an “attraction business”.
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Renovated Love It or List It home for sale in Oyster Bay
An Oyster Bay home that starred in Season 3 of Love It or List It has hit the market for the first time since undergoing a major renovation on the show under the guidance of interior designer Neale Whitaker.
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Clearance rate and auction volumes drop over Queen’s Birthday long weekend
A long weekend in most states saw auction volumes drop this week, with 1393 auctions taking place across the combined capitals, resulting in a preliminary clearance rate of 58.5 per cent.
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Competition watchdog to examine PEXA
The competition watchdog has confirmed it is looking into claims digital settlement company PEXA has stymied competition in the property settlements market.
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App gets more offers on off-market properties
Launched in Sydney this month, Profound is a marketplace for off-market properties where agents can get access to more offers.
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WA agent finds perfect home with eXp
Leading West Australian agent Melissa Mendes achieved her best year in sales after making the switch to online company eXp Australia in 2021.
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New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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Leading WA agent returns to global brand
RE/MAX Southern Stars has welcomed the return of Nic Sauzier, one of Western Australia's top selling agents.
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CBD office occupancy rates rise as workers return
Office workers are flocking back to CBDs across the nation despite Covid and a rising number of flu cases.
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Homeowners and renters facing record levels of financial stress
Financial stress has reached record levels across Australia as homeowners and renters struggle to keep up with the ever-increasing cost of housing as interest rate rises start to bite.
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Commercial service station sector still growing despite EV push
Growth in investment in commercial service stations was elevated in 2021, despite Government attempts to encourage electronic vehicles (EV).
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Neil Patrick Harris sells Harlem home for record $7.1 million
Neil Patrick Harris, best known for his roles as Doogie Howser MD and more recently Barney Stinson on How I Met Your Mother has sold his Harlem home for a record US$7.1 million.
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Growth across capital cities slowing at
record paceThe annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
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Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia (REIA).
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Top 10 classic Hollywood real estate agents
With the rise of TV shows like Million Dollar Listing, real estate agents are now being thrust into the limelight in leading roles.
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REA Group announces new organisational structure
REA Group has announced changes to its organisational structure to further progress its strategy to build next generation marketplaces.
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Is there a better way to utilise Australia’s 13 million spare bedrooms?
Recently, the Australian Bureau of Statistics (ABS) released its latest Survey of Income and Housing. One interesting piece of analysis looked at the number of spare bedrooms around Australia.
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RBA goes ‘hard’ with interest rate jump
Higher than expected inflation has seen the Reserve Bank of Australia lift the cash rate for the second consecutive month, with today’s 50 basis point increase taking the official interest rate to 0.85 per cent.
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Australia is the 13th strongest property market in the world
A number of Australia’s major cities have featured in the global list of best-performing housing markets over the past 12 months.
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Ryan Serhant is expanding to South Florida with a $100 million listing
New York’s powerhouse real estate agent Ryan Serhant is expanding into South Florida with his first listing, priced at US$100 million.
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Rex saves agents time with all the best insights from AREC
Are you still buzzing from the AREC conference on the Gold Coast? And are you still trying to remember that wonderful piece of advice you forgot to write down?
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Rents and mortgage repayments to keep rising
Rents and mortgage repayments are expected to continue to rise over the next 12 months, putting more pressure on households already struggling with the high cost of living.
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Pink and Carey Hart look to sell their Malibu home
Mega-selling pop-rock veteran Pink is looking to offload her Malibu home having owned it for less than a year.
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Lenders have been quick to pass on interest rate hikes
Following the first cash rate hike in over a decade, lenders have been quick to pass on the rate rise to borrowers, with 95 per cent of lenders raising interest rates 0.25 per cent according to Canstar.
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Queensland property market defying the downturn
he Queensland property market is still experiencing 'healthy growth' and is continuing to defy the downturn seen elsewhere, according to the Real Estate Institute of Queensland (REIQ).
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Annual auction volumes declined in May
After a record volume of auctions were held in the first four months of the year, last month saw an annual decline in listings for the first time since February 2021.
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Auction clearance rate drops to its lowest point in almost a year
Auction volumes were slightly lower this week, with 2635 properties going under the hammer across the combined capitals to return a preliminary clearance rate of 62.3 per cent.
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Employees Vs contractors: How the High Court decision impacts you
Understanding the difference between contractors and employees, and how the two can be legally blurred, can potentially save real estate agency’s thousands of dollars, says O*NO Legal founder Kristen Porter.
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Perth prices rise as the market outperforms Sydney and Melbourne
Home prices across Perth have continued their rise, increasing 0.6 per cent in May according to new data from CoreLogic.
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Barellan Point is Australia’s top family housing market
Barellan Point in regional Queensland has been named the top housing market for families according to new research.
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