-
INDUSTRY NEWS
The prime real estate position Australians are willing to pay top dollar for
One in three super prime residential sales in Australia over the last year have been absolute waterfronts, with buyers paying greater premiums than ever before.
Read More » -
INDUSTRY NEWS
Big Four bank’s decision to scrap sub-2 per cent interest rates a ‘wise one’
The National Australia Bank (NAB) is the only big four bank offering an interest rate lower than 2 per cent, following Westpac’s decision to discontinue its introductory variable rate of 1.99 per cent.
Read More » -
INDUSTRY NEWS
COVID-19 drives ‘regional renaissance’ as house prices surge
The regional property market continues to skyrocket, with house prices jumping almost 30 per cent in the year to September, the fastest annual pace in 35 years. The rapid rise in the regional market is outpacing growth in metro areas, as the ripple effect of COVID-19 sees homeowners flee the city, thanks to increasing work-from-home arrangements. The findings were revealed…
Read More » -
INDUSTRY NEWS
Auction numbers jump 10 per cent each week since September
For the first time in CoreLogic history, the number of auctions scheduled across Australian capital cities has exceeded 4000. After delays from the extended lockdowns in Sydney, Melbourne and Canberra, the spring selling season is going full steam ahead with 4354 capital city homes set to go under the hammer this week. According to this week’s CoreLogic Property Pulse,…
Read More » -
INDUSTRY NEWS
Australia’s best place to invest revealed
The Queensland suburb of Woolloongabba has been named the best place to invest in Australia, based on new research by ME. The inner eastern suburb ranked number one in the top 20 list of places to invest for residential property investors looking to forge new financial goals following the COVID-19 pandemic. The Queensland suburb of Burleigh Heads came in second,…
Read More » -
INDUSTRY NEWS
Weekly listing results suggest hot summer market
Listing numbers continue to rise across Sydney, Melbourne and Brisbane, generating optimism that the positive spring market results will continue through summer. This week sees the highest weekly number of properties listed for sale in 2021, with a three per cent increase in newly listed properties for sale, according to Domain’s weekly property report. Many of those listings were located in…
Read More » -
Celebrity Homes
Arnie’s former LA home hits the market for US$11 million
The Californian home once owned by former California Governor and actor Arnold Schwarzenegger and his then-wife, journalist Maria Shriver, has been listed for sale. The home is one of 16 properties in a small community, peppered along a country lane of Sunset Boulevard, and is currently owned by attorney and author Maxwell Kennedy, the son of Robert and Ethel Kennedy,…
Read More » -
INDUSTRY NEWS
The Australian city second in the world for prime price growth
Sydney’s prime prices are expected to rise by 9 per cent next year, according to new data, making it the second highest city for prime price growth in 2022.
Read More » -
INDUSTRY NEWS
More than half of first home buyers are going solo
First home buyers in New South Wales are seeking a home not an investment, with more than half going it alone, according to new data. The latest InfoTrack Property Market Update revealed in the year to October’s end, 84 per cent of NSW first home buyers purchased either a house (47 per cent) or a strata property (37 per cent)…
Read More » -
Real Estate News
Open borders to spark Melbourne suburban boom
Demand for homes in Melbourne’s inner suburban rim is set to skyrocket when international borders open, according to property expert, Mark Dawson. The Urbis Director, who featured in the Dye & Durham Future Property & Development Insights Virtual Roadshow Series, said while a sea or tree change had been the focus of many buyers in the past 12 months, a…
Read More » -
NEW ZEALAND
NZ vendors achieve record profits
More than 99 per cent of New Zealand vendors sold their property for more than the original purchase price in the three months to September, according to new data.
Read More » -
Real Estate News
Online auctions here to stay, as volumes surge this weekend
Australian capital cities are set to have their busiest auction week since late March, and their fourth busiest week since CoreLogic records commenced in 2008. This week 3810 homes are expected to go under the hammer – double the volumes recorded this time last year. Continuing the upward trend seen since early October, Sydney is set to host 1439 auctions…
Read More » -
BEST PRACTICE
How top agents sell elite properties
When Sydney Sotheby’s International Reality Managing Director Michael Pallier listed this Point Piper waterfront mansion, he took an approach to marketing that was as unique as the property itself. Edgewater, on Wolseley Rd, sold for an eye-watering $95 million, showing it was a was a marketing approach that worked, and should be applied to most elite sales, according to Mr…
Read More » -
Real Estate News
Metro Adelaide sets new record for median price
Metropolitan Adelaide has recorded a record-breaking median price increase of 13.82 per cent year-on-year, up 3.7 per cent from the previous quarter, according to new data. The new median price for the region has climbed to $560,000, which is also a record, the data revealed. The Real Estate Institute of South Australia’s Valuer-General’s price data for the 2021 September quarter…
Read More » -
INDUSTRY NEWS
South Sydney flagged as emerging commercial hot spot
An increasing number of small businesses are basing their offices closer to employees, as the state emerges from lockdown fatigue, according to property expert and Urbis Regional Director, Princess Ventura. Ms Ventura, who will feature in the upcoming Dye & Durham, Future Property & Development Insights Virtual Roadshow Series, said some businesses were spreading their operations across multiple offices to…
Read More » -
INDUSTRY NEWS
Return of international students welcome news for investors
The impending return of international students will be welcome news to Sydney investors, particularly those with apartments near the city’s universities. With most Sydney residents now vaccinated against COVID-19, the NSW Government has announced hundreds of international students will be permitted to return from as early as December, with tens of thousands to follow in 2022. Century 21 Eastern Beaches…
Read More » -
INDUSTRY NEWS
Cash or crypto: vendors accepting Bitcoin ‘a natural progression’
A unique sprawling property, including a beach-house, studio and its very own island, has been listed for sale, with buyers offered the choice of cash or cryptocurrency when it comes to making payment.
Read More » -
INDUSTRY NEWS
Rexfest Live shares the secret to leveraging digital marketing
Internet users are spending almost two and a half hours on social media every day, according to information revealed at Rexlabs’ second Rexfest Live event, providing a huge, and largely untapped, opportunity for real estate professionals.
Read More » -
QLD Real Estate News
Gold Coast property market pressure ‘some of the highest in the country’
Gold Coast property prices have surged since the start of the pandemic, following a decade of steady growth. Property market pressure in the region is now some of the highest in the country, according to a new Market Pressure Review Report. The data, released by InvestorKit, showed Broadbeach – Burleigh experienced the most significant growth, with property prices increasing 38.2…
Read More » -
INDUSTRY NEWS
Rising interest rates won’t burst the property market
Interest rates don’t create property booms or busts, according to new research by the Property Investment Professionals of Australia.
Read More » -
INDUSTRY NEWS
What agents need to tell potential buyers about house flipping
A real estate agent’s reputation is their lifeblood, so it’s critical they give the right advice when it comes to flipping houses.
Read More » -
INDUSTRY NEWS
Vacancy rates fall across most of NSW, except Inner-City Sydney
Vacancy rates across Sydney and much of New South Wales have dropped this month, while the Inner Ring bucked the trend, experiencing its highest vacancy rate rise since June.
Read More » -
FEATURE INTERVIEWS
From chef to agent: How Michael Fenn gives back
LJ Hooker Property Specialists Principal Michael Fenn is nothing if not loyal. His first real estate job was with LJ Hooker in 2002, where he doorknocked his way to success, remaining with the same office for the next five years. “Then I got married,” Michael says. “And we opened LJ Hooker Greenwith in February 2008.” They’ve since opened two more…
Read More » -
LEADERSHIP
Explore Property’s Andrew Acton on why good leaders are part of the team
Andrew Acton explains why the the word 'my' has no place in real estate or in effective leadership
Read More » -
INDUSTRY NEWS
Changes to money laundering laws must consider home buyers, tenants and small business, says REIA
The Real Estate Institute of Australia (REIA) has urged the Inquiry into Australia's anti-money laundering and counter-terrorism financing regime to consider genuine home buyers, tenants and real estate agencies when making its recommendations.
Read More » -
Celebrity Homes
Retired NBL star Shaquille O’Neal sells his Lake Butler mansion
Despite dropping the price twice, American basketball legend Shaquille O’Neal made a cool $7.05 million profit, following the sale of his Isleworth, Lake Butler estate near Orlando, Florida.
Read More » -
INDUSTRY NEWS
Australians put property buying plans on hold
Australians are putting their property buying plans on hold as the year comes to a close, according to newly released data.
Read More » -
FEATURE INTERVIEWS
Street Libraries connecting agents with their communities
When LJ Hooker Avalon Beach real estate agent Danielle Forde decided to help her local café with a special project, she discovered a love of books that would connect her to her community in the most unique way.
Read More » -
FRANCHISE NEWS
Husband and wife team open third C21 office, following record sale
Having been married for almost 30 years, Shelley and Tony Bezuidenhout know exactly what to expect from one another.
Read More » -
INDUSTRY NEWS
NZ First Home Buyers hit record market share
Despite tough market conditions and rapidly rising house prices, first home buyers in New Zealand have hit record high market share.
Read More » -
INDUSTRY NEWS
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.
Read More » -
INDUSTRY NEWS
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.
Read More » -
INDUSTRY NEWS
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.
Read More » -
INDUSTRY NEWS
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.
Read More » -
INDUSTRY NEWS
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.
Read More »