National
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Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of about $111,000 able to afford to rent the smallest share of properties since 2008.
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A landlords’ burden: Expert calls to cut ‘regressive’ taxes
A prominent property market analyst and buyer’s agent has called for governments to slash “regressive taxes” such as capital gains tax, stamp duty and land tax.
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Tiny Sunshine Coast cottage gets 104 bids at auction
A tiny Sunshine Coast cottage, that looks like your grandma’s house, received a staggering 104 bids at action during the week.
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New housing lending continues to drop
The value of new housing lending fell in January for the second consecutive month, according to the latest ABS Lending Indicators.
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More Australian women own property than men but struggle with early entry
More Australian women own property than their male counterparts but are more likely to do so later in life, while affordability and investment are significant hurdles.
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Real estate employees to be awarded excess travel time
The Fair Work Commission (FWC) has clarified the way in which employees are to be paid for the excess time they spend travelling under the Real Estate Award.
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Housing affordability has reached the lowest level in 20 years
Housing affordability is at its lowest level in 20 years, with interest rate increases putting homebuyers under extreme pressure, according to a new report.
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Little Real Estate celebrates zero gender pay gap
A leadership team equally made up of men and women, workplace flexibility and an ethos of equality and diversity have been credited with Little Real Estate posting a zero gender pay gap in the 2023 financial year.
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Queensland and Victoria hold property investment gems
Investors should look towards Queensland, Victoria and Sydney’s west, where tight supply and steady demand are likely to put upward pressure on prices according to new research.
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Building approvals can’t keep up with record immigration
Australia’s record level of immigration is outpacing new construction which means the housing crisis is only going to get worse according to an expert.
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Vibrant auction market bodes well for Autumn selling season
Buyer confidence appears to have returned just in time for the Autumn selling season, with auction volumes and clearance rates on the rise.
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Coastal office markets continue to see steady demand
Coastal office locations are continuing to see steady demand as growing population numbers in regional areas help boost growth.
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The Australian BTR sector set to outperform
The Australian Build-to-Rent sector (BTR) has the potential to outperform over the next decade with commercial investors needing to look for opportunities outside traditional buy-and-hold strategies.
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Simon Cohen to star on Seven’s Dream Home
High profile buyer’s agent and Elite Agent cover agent, Simon Cohen, has been named as one of three judges for Seven’s new competition renovation series Dream Home.
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Artificial Intelligence saves Aussie workers 6 hours per week
More than 85 per cent of white collar Australian workers now use AI in their workplace, and estimate it saves them an average of 6.2 hours of work each week, new research has revealed.
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National vacancy rate hits a new record low
The national vacancy rate has plummeted to a new record low of 0.7 per cent, although there does appear to be less competition among tenants, according to the latest figures from Domain.
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Home price growth reaccelerated in February
Home prices across the country have hit a fresh new high, with growth reaccelerating despite affordability worries.
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Perth shines in property boom as Sydney and Melbourne rally
Perth remains the hottest capital city property market in Australia, but Melbourne and Sydney are making a comeback, according to new research.
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Stable inflation sparks optimism for the RBA’s next move
Industry experts are quietly confident the Reserve Bank of Australia will leave interest rates on hold when it next meets, with inflation holding steady.
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Ray White call-a-thon generates 8000 appraisals
Ray White agents from across Australasia have booked more than 2000 appraisals an hour as part of the group’s 14th Real Estate Of Origin (REOO) this week.
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City slickers still look to the regions, especially the Sunshine Coast
The Sunshine Coast has surged ahead as Australia’s most coveted region for movers, capturing a record share of net internal migration over the last year according to the latest Regional Movers Index (RMI).
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Property values to increase but rate of growth likely to slow: HTW
Property price growth rates are set to slow down over the remainder of 2024, according to the latest Herron Todd White (HTW) Month in Review.
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Australia to miss housing target by 200,000
Australia will likely fall almost 200,000 homes short of the Federal Government’s ambitious plan to build 1.2 million homes over five years, according to the latest HIA forecast.
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Regional areas outpace capital cities for growth
Despite affordability constraints and rising interest rates regional property prices have outpaced the capital cities over the past quarter.
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What the Right to Disconnect legislation means for you
Clear education and communication will be the key to the real estate industry navigating the new Right to Disconnect legislation, according to the sector’s leading workplace advisory service.
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PEXA revenue jumps 16 per cent in first half of financial year
Online conveyancer PEXA has seen its revenues jump 16 per cent over the first half of the 2024 financial year, thanks to a focus on executing its core strategy.
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Luxury development skips the showroom in favour of Virtual Reality
A new Queensland development is changing the way off-the-plan properties are sold, with the sales team embracing Augmented Reality (AR) and Virtual Reality (VR) technology and doing away with the traditional showroom.
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Ray White encourages their agents to ‘get uncomfortable’ to grow
Get prepared to be uncomfortable if you want to grow was the message coming out of Ray White’s 2024 Launch event this week.
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You can now rent out your pool for extra income
Pool owners are now able to make extra income by renting out their pools on the side with some people making as much as $5000 over the summer.
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Are first-time buyers really closer to home?
First-time buyers can save a 20 per cent deposit two months faster now than they could a year ago but there is a catch, according to the latest data from Domain.
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Australian property professionals drag their feet on AI
More than one-third of property professionals believe Artificial Intelligence (AI) will have a “revolutionary impact” on the sector, but few have truly started to implement it.
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Demand for share accommodation surges over summer
The housing crisis continues to force renters into share accommodation with demand for rooms soaring in January.
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House and unit price gap hits record $300k in capital cities
The gap between capital city house and unit prices has never been wider, with detached homes now costing almost $300,000 more.
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@realty celebrates a decade of innovation and success
This week @realty, a leading player in the real estate industry, is commemorating its remarkable 10-year anniversary.
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The value of property purchases falls as buyers tighten their belts
Rising interest rates led Australian borrowers to tighten their purse strings last year, with the total value of property purchases down 12.7 per cent according to new research
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