National
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McGrath posts $7.5 million profit and plan for more offices
McGrath now has 16 more offices and 81 more agents than it did a year ago, with a view to add 115 high quality new offices to the network over the next three to four years.
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Commercial auction events to see 40 properties go under the hammer
Two major commercial auction events are set to see 40 commercial properties go under the hammer across the country.
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Retail asset transactions gain best market share in 20 years
For the first time in nearly 20 years, retail assets have made up the largest portion of commercial property transactions.
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New listings surge in Sydney and Melbourne
A surge of sellers have listed their homes, with Sydney and Melbourne reporting the biggest jump in new listings in more than a decade.
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Hotel room rates surge as Taylor Swift fever takes hold
Tourism assets are seeing a resurgence with a string of big-name artists including Taylor Swift and high-profile sporting events helping boost room rates across the country.
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Market turnaround leads to profit for Domain
Domain has witnessed a “pleasing turnaround” in the property market and its financial performance, with profits rising 48.7 per cent.
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Regional areas emerge as sanctuaries from the rental crisis
The rental crisis continues to put renters under extreme pressure, however, new research has found a number of regional areas are emerging as “sanctuaries” for renters in search of relief.
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Consumer confidence boosts property market auction success
Consumer confidence is returning to the property market, resulting in higher than normal auction clearance rates.
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REIA warns against over-favouring corporates in BTR investments
The Real Estate Institute of Australia (REIA) has cautioned the Federal government, not to prioritise foreign investment into Build to rent (BTR) over individual investors.
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REACH Australia and New Zealand unveils the class of 2024
A tech-driven, custom-tailored menswear brand, a resident experience company meeting the demands of modern living and a group that empowers anyone to buy and sell tiny squares of conservation land, have been named in 2024 REACH Australia and New Zealand program.
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Stamp duty now costs up to six times more than a generation ago
Homebuyers are now paying up to six times more in stamp duty than a generation ago as incomes have not kept pace with surging home prices according to new research.
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Healthier market leads REA Group to excellent half-year financial results
REA Group Chief Executive Officer Owen Wilson has predicted “healthy market conditions” for the remainder of 2024 on the back of securing outstanding half-year financial results.
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How can housing values fall when demand is so high?
The housing crisis and ongoing demand for property due to population growth is being reflected most of all in rental markets, with home prices falling in some areas according to an expert.
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‘Right to disconnect’ laws could impact real estate
Proposed new laws allowing employees to ignore “unreasonable” contact from their bosses, and related third parties, after hours could potentially impact the real estate industry.
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New laws aim to boost foreign investment in build-to-rent in Australia
The Property Council of Australia has welcomed the introduction of legislation to lower foreign investment application fees for build-to-rent projects as a move that will boost investment in new rental supply.
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Distressed listings jump 9 per cent in NSW
The number of distressed listings has risen across Australia, despite the number of total listings falling in January.
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‘Bleak’ outlook for office assets as workers stay home
Workers are not returning to the office leading to sustained upward pressure on vacancy rates and a negative outlook for the sector according to an expert.
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Vacancy rates fall again in the new year
Rental availability declined further in January, with the national vacancy rate falling to 1.09 per cent.
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RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the cash rate at 4.35 per cent at its first meeting of the year.
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First home owners join MyBrix looking to sell their mortgage to investors
Sydney-based FinTech start-up, MyBrix, has received its first applications from property owners looking to sell their mortgage debt to investors.
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Australia’s auction season kicks off with near-record activity
Australia has recorded the second biggest start to auction season on record, with 1671 properties going under the hammer last week across the capital cities.
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Competition cools despite record low vacancy rates
Vacancy rates have returned to record low levels, but there is hope for renters, with new data showing competition for properties is starting to ease.
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Rates likely to stay on hold after inflation tumbles
Inflation has fallen to its lowest rate in two years, with experts now predicting the Reserve Bank of Australia (RBA) will leave rates on hold at next week’s meeting.
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More retail assets likely to come to market as transactions rise
The retail sector has started the new year with a flurry of activity and there could be more assets coming to market this year, according to an expert.
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Mixed results as home values climb for the 12th straight month
Australian property values have risen for the 12th consecutive month, but market performance remained varied among the capital cities.
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Tax cut could unlock 10,000 affordable rental homes
Lowering a single tax on build-to-rent housing could protect 150,000 new homes and create a further 10,000 affordable rental homes over the next decade, according to new modelling.
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Swimming pools make homes more valuable
The backyard pool is always a popular feature during the summer holidays and now new data shows that properties with pools are more attractive to buyers.
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Perth prices continue to surge in January
Perth has retained its title as the strongest property market in Australia, with house prices up 15.3 per cent over the past 12 months.
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Agents tip interest rates to drive the market in 2024
Over 70 per cent of real estate agents think interest rates are going to be the big driver of the housing market in 2024 according to a new survey.
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Rental stock levels fall to record low levels
Rental stock has plummeted to historic low levels, with population growth continuing to drive demand.
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Enhanced site experience for view.com.au
Improved homepage search, ‘see all’ functionality and buyer leads for unlisted properties are among a raft of improvements unveiled as a part of view.com.au’s new autumn campaign, which launches this week.
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REIA on the hunt for solutions to the regional housing crisis
The Real Estate Institute of Australia (REIA) is putting together a summit focused on finding solutions to help ease the ongoing housing crisis that is severely hurting regional Australia.
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Second ride in 2025 to raise funds for underprivileged children in Thailand
When Grant Turner puts his foot on the pedal to set out on the next Digital Live Home Hug Ride, it will be a full circle moment.
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Coastal values soar despite economic challenges
More than one-third of Australia’s regional coastal markets have property values at record highs despite multiple interest rate hikes and soaring cost of living.
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Coastal hotspots set to see strong demand in 2024
Coastal locations continue to be in favour with buyers, with experts predicting a number of beachside suburbs across the country are likely to see solid growth in 2024.
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