INDUSTRY NEWS
-
Angela Limanis on breaking barriers: How women can succeed in auctioneering
Not letting your fears outweigh your passion for real estate is the key to more female agents taking up auctioneering, according to Angela Limanis.
Read More » -
Kolmeo’s new platform to deliver smart, on-demand services for tenants and landlords
Property management software provider Kolmeo has launched an innovative new platform for its subscribers aimed at helping them meet their tenant and landlord needs and create an extraordinary customer experience.
Read More » -
One-minute data: Perth’s rental market shows signs of easing
Perth's rental market is showing slight signs of easing, with the vacancy rate inching up in July.
Read More » -
Buyers cautious with economy stuck between a ‘rock and a hard place’
The Australian property market is currently mixed with the economy trapped between a ‘rock and a hard place’ and buyers are becoming more cautious according to a new report.
Read More » -
REA Group reports revenue and net profit surge
REA Group has reported strong financial results for the year ended June 30, 2024, with revenue up 23 per cent and net profit climbing 24 per cent year-on-year.
Read More » -
Ex-partners forced to live together to save money
Almost one in five Australians have been forced to remain living with an ex to save money on housing costs.
Read More » -
Population growth puts renters under extreme pressure
Surging population numbers are continuing to drive the rental crisis and politicians will need to answer for policies that continue to drive up house prices according to a new report.
Read More » -
Geoff Lucas contract terminated with The Agency
The Group Chief Executive Officer and Managing Director of The Agency, Geoff Lucas, has had his contract with the company terminated.
Read More » -
Laing+Simmons Young Property: where art, charity, and community meet
Laing+Simmons Young Property isn’t just a real estate agency, it’s a community hub, a centre for people to come together, a champion of local artists and a philanthropic venture that has donated tens of thousands of dollars to charity.
Read More » -
Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per cent increase in national rents during July.
Read More » -
NSW to ban background check fees for renters
The NSW government is set to ban fees charged to prospective tenants for background checks when applying for a rental property.
Read More » -
New Zealand property profits plunge to lowest since 2015
The proportion of properties selling for a profit in New Zealand has hit its lowest level since 2015.
Read More » -
International student caps not enough to free up housing
Universities across Australia could soon face new regulations limiting their international student enrolments to a maximum of 40 per cent - but it may not be enough to ease the housing crisis.
Read More » -
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its August 2024 meeting, but stressed that monetary policy will need to be “sufficiently restrictive” until it is confident inflation is moving sustainably towards the target 2-3 per cent range.
Read More » -
One-minute data: Perth unit prices match 2014 peak amid soaring demand
Perth's property market is heating up, with unit prices reaching a decade-high milestone.
Read More » -
Sydney cottage sold for $1.5 million after legal battle over squatter’s rights
A small fibro cottage in Sydney’s south recently sold for $1.5 million, but the property’s history is anything but ordinary.
Read More » -
Sophie Su appointed as director at Kay & Burton
As part of its strategic expansion and commitment to excellence, Kay & Burton is proud to announce the appointment of Sophie Su as Director.
Read More » -
Barry Plant’s “Call-lympics” nets 1800 appraisals
Barry Plant's network-wide appraisal drive, dubbed the "Call-lympics," has resulted in over 1,800 appraisals booked during two short call bursts.
Read More » -
Most buyers and sellers rate their experience with agents positively
Three-quarters of buyers and sellers involved in a property transaction in the past year have rated their experience directly with real estate agents as either “excellent” or “above average” according to a new national survey.
Read More » -
Valentina Parra finds work-life balance through auctioneering
When experienced sales agent, Valentina Parra, made the move to Ray White corporate, she realised she missed the thrill of selling homes at auction.
Read More » -
Australian owner-occupier mortgage surges $154 a day
The average new owner-occupier mortgage in Australia has reached a record high of $636,597, marking an increase of $154 per day over the past year.
Read More » -
Dwelling approvals fall as NSW housing faces a ‘perfect storm’
New dwelling approvals are declining across NSW and the state government’s approach to tackle the issue is leading to a 'perfect storm' according to the industry.
Read More » -
Anna Neelagama resigns from REIA
Anna Neelagama has resigned as chief executive officer of the Real Estate Institute of Australia (REIA), but will continue her push to help solve Australia’s housing crisis with Master Builders ACT.
Read More » -
Million-dollar milestones: Australia’s next wave of suburbs on the rise
More than 160 suburbs could join the million-dollar club in the next 12 months, according to research from PropTrack.
Read More » -
Cash rate likely on hold, but a cut looms
Experts are predicting the Reserve Bank of Australia will be leaving the cash rate steady in August, but with inflation cooling a cut could be on the cards.
Read More » -
Gold Coast’s ‘view tax’ sparks outcry
The Real Estate Institute of Queensland (REIQ) has hit out at the City of Gold Coast for slugging unit owners living on higher floors of apartment buildings with huge rate hikes.
Read More » -
Townhouses surge: Transforming NZ’s housing landscape
Townhouses have become a significant growth component for the New Zealand housing market, making up almost half of new dwelling consents across the country.
Read More » -
Demand for high-quality offices drives down vacancy rates in capital city CBDs
Office vacancy rates have fallen in half of Australia’s CBDs, with demand for space, particularly high quality offices, on the rise.
Read More » -
One-minute data: Home price growth continues
National home prices have increased 0.08 per cent in July and are now 6.3 per cent higher than a year ago.
Read More » -
View Media Group buys The Property Agency
View Media Group has acquired property communications agency, The Property Agency, as part of a wider growth plan focused on moving beyond the traditional listings model.
Read More » -
Is Ryan Serhant still selling the world’s tallest penthouse?
Central Park Tower's priciest penthouse that was listed for US$250,000 with high-profile agent Ryan Serhant has been withdrawn from the market.
Read More » -
The secret to a successful high-stakes negotiation
To achieve the best possible result for your vendor, you need to leave your emotions at the door, was the key learning from Ray White’s Leadership Academy this week.
Read More » -
Inflation is up but what does that mean for interest rates?
Inflation climbed 1 per cent in the June quarter and 3.8 per cent annually, according to the latest Australian Bureau of Statistics data, with experts conflicted on whether this will mean an interest rate rise.
Read More » -
Barry Plant Eastern Group opens its new Whitehorse Super Office
Barry Plant Eastern Group is looking to set a new standard with the opening of its Whitehorse Super Office in Mitcham.
Read More » -
Sporting sanctuaries: Homes with gold medal features
As the Paris 2024 Olympics captivate the world, luxury real estate across the country is reaching for gold with properties brimming with 'champion' features.
Read More »