National
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Commercial transaction volumes could bounce back in 2024
Commercial transaction volumes are set to rebound as opportunistic buyers look to capitalise on lower prices and a potential cut in interest rates, according to an expert.
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Anton Babkov steps aside as Rex Software CEO
Anton Babkov, one of the founders of Rex Software, has stepped aside as chief executive officer and will move into a board role for the real estate software provider.
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First National CEO Ray Ellis to step down
First National Real Estate has today announced that Chief Executive Officer, Ray Ellis will step down from his role at the industry’s largest cooperative brand, where he has been recognised for his abilities to innovate.
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Rents hit another record high but growth likely to slow
Tenants continue to feel the pressure of the housing crisis, with rents surging to a record high and passing $600 per week.
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Kolmeo’s new workflow checklists to help save time and money
Property management software provider Kolmeo has launched its latest innovative feature - workflow checklists.
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Over two-thirds of mortgage holders struggle to make repayments
Life isn’t getting any easier for mortgage holders, with over two-thirds struggling to make their repayments according to a new survey.
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Rising construction costs signal a return to trend
Construction cost increases have started to reaccelerate, but experts believe this is just a return to trend and not another new surge in prices according to CoreLogic.
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Academics say first-home buyers shouldn’t buy now
First-home buyers should be cautious about purchasing in the current market, according to academics.
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Industry leaders unite at theOne Conference: pioneering success strategies for real estate in 2024
Win January and you win then you win the rest of the year was the main message from Avi Khan at theOne Conference on the Gold Coast.
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Mathew Tiller: Property market more balanced in 2024
Increasing stock levels will create a more balanced property market in 2024, but prices will still climb, according to LJ Hooker Head of Research Mathew Tiller.
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Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street and suburb reviews during the process, the solution he and his brother Adam created will celebrate a major milestone.
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First-home buyers surge, defying rising costs and rates
First-home buyers are fighting back against rising interest rates, the increased cost of borrowing and the increasing cost of living, leaving the charge for new home loans.
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The best properties on the market right now with great tennis courts
With the Australian Open getting underway, tennis fever is back and more people than ever are wanting to go for a hit.
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Tenants who took on their landlords and won
It’s been a tough year for renters with a lock of supply and rising rents and it’s meant that tenants have started to push back against landlords excessive demands.
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Auction Snitch app to boost price transparency in property market
Two Sydney entrepreneurs, with a background in real estate and tech projects, have launched a new app that aims to increase price transparency in the Australian property market.
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Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way with vacancy rates rising in December.
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Relief for renters as house rents remain steady
After a tough few years for renters, there is now a glimmer of hope with house rents across the combined capitals holding steady for the first time in almost three years.
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Housing approvals remain at low levels
Despite surging demand and already low stock levels, new house building approvals numbers have fallen, with the Government’s plan to build 1.2 million homes looking further out of reach according to the industry.
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The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI boom, 2023 has once again been a year for the record books.
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Property market resilience to be tested in 2024
After bouncing back in 2023, the resilience of the property market is set to be tested according to the latest Herron Todd White (HTW) Month in Review.
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A year of two halves for property growth
The past 12 months has been a year of two halves for the Australian property market, with ongoing rate hikes and stretched affordability slowing growth since June.
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The Agency hires head of agent recruitment and growth
Leading real estate recruitment professional Harriet Saunders has joined The Agency as Head of Agent Recruitment and Growth for the east coast, as the national real estate brand looks to build on its already strong calibre team of high performance agents in 2024.
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Housing crisis is due to lack of supply, not immigration
The more than 500,000 new immigrants aren’t causing pressure on the housing market or making property prices more expensive according to a leading buyers agent.
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Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
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Australia’s top-growth suburbs saw values rise 30 per cent
The top-performing suburbs across the country, saw their values surge more than 20 per cent this year according to new data.
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Housing affordability drops to a new low
Australians are struggling to afford housing like never before as rising interest rates and soaring housing and rental prices continue to bite.
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Foreign investment fees up, aiming to ease Aussie housing crisis
The Federal Government will triple foreign investment fees for the purchase of established homes and double ‘ghost house’ fees for foreign-owned dwellings in a bid to boost Australia’s housing stock.
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Agency operating costs and commissions impacting profit margins
Challenging market conditions over the past few years with rising costs and declining commissions have been weighing on real estate businesses according to a new report.
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RBA appoints a new chief economist and assistant governor
Sarah Hunter has been appointed chief economist and assistant governor (Economic) at the Reserve Bank of Australia (RBA).
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Property prices could rise 4 per cent next year
The rebound in the property market is expected to continue in 2024, with values to rise by up to 4 per cent according to a new report.
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Aussies are stashing cash in their offset accounts
Borrowers are stashing spare cash in their offset accounts in a bid to help fend off higher interest rates and rising cost of living.
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Leanne Pilkington named president of REIA
A powerhouse trio of female real estate experts will lead the Real Estate Institute of Australia into 2024, with Leanne Pilkington being named president and Hannah Gill taking on the deputy president role.
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Confidence returns as auction volumes hit a 19-month high
Vendors have been busy trying to sell their properties before the Christmas break, with capital city auction volumes surging to a 19-month high.
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Survive to ‘25: Predictions for the commercial property market
After a challenging 2023 that saw interest rate increases hampering investment activity and affecting values, the outlook for 2024 will continue to be difficult.
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Australians under extreme financial stress compared to 2020
Despite the Reserve Bank of Australia (RBA) keeping rates on hold, Australians are still facing mounting financial stress according to a new survey.
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