INDUSTRY NEWS
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Borrowers stuck in ‘mortgage quicksand’
One in eight borrowers is stuck in 'mortgage quicksand' after extending their loan term in a bid to reduce their repayments.
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The number of million-dollar suburbs set to surge
Nearly 100 new suburbs are set to join the million-dollar club after the recent surge in house prices according to new analysis.
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Tarneit leads nation as the ‘greenest’ suburb for solar installation
Tarneit, in Melbourne’s western growth corridor, is emerging as one of the nation’s leading suburbs when it comes to renewable energy adoption.
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Property values hit new record in 2023-24 financial year
Australian property values soared 8 per cent in the 2023-2024 financial year, overcoming a significant slump from the year before.
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Realestate.com.au raises the bar for top properties with Luxe
Property portal realestate.com.au has launched a new premium listing product, Luxe, which is designed to raise the profile of top properties that need to stand out.
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The Studio Estate Agents expands into Quakers Hill, enhances service coverage in Blacktown areas
The Studio Estate Agents, a trailblazer in real estate services, proudly announces the opening of their second office in Quakers Hill.
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Zillow, Redfin facing video privacy lawsuits
US-based, Zillow and Redfin are facing class action lawsuits over their alleged use of secret tracking pixels on their websites for video home tours.
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Early signs of relief as rents finally decline
There are finally some early signs of relief for tenants, with capital city rents declining and vacancy rates creeping up according to new data.
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Knight Frank and Bayleys complete McGrath acquisition
Knight Frank and Bayleys have completed their acquisition of McGrath Limited and announced a new board of directors to lead the group.
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Queensland property continues its impressive run
Property prices across Queensland continue to go from strength to strength and it’s forcing home buyers to think laterally to get into the market.
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Cathie Crampton heads back to Belle Property
Cathie Crampton has been named Head of Property Management Growth and Performance and will be looking to grow the division and improve profitability.
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Property manager saves elderly tenant from eviction and despair
When an elderly tenant called to say he couldn’t afford rent or food, Ray White Maroochydore Property Manager, Kayla Johnson, knew she had to do something.
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Slim pickings for buyers with less than $750,000
The constant surge in house prices across the country is making life difficult for buyers according to the latest Herron Todd White (HTW) Month in Review.
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Inflation jump could spark interest rate rise
A 14th cash rate hike is once again on the table, after the monthly inflation rose to 4 per cent in May.
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Property gains hit a 14-year high
Homeowners are cashing in on the back of rising prices, with profitable resales reaching the highest level since July 2010 according to new data.
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Chantelle Collin named partner at BresicWhitney
Head of Property Management at BresicWhitney, Chantelle Collin has officially become a partner, on the back of her contribution and position as a trusted leader of the real estate group.
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Property prices set for more growth in the next year
Australian property prices are now expected to rise as much as 5 per cent in 2024, with a property insights leader revising its forecast on the back of increased buyer demand and an uptick in listings.
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Luna Park expected to sell for about $70 million
Sydney’s iconic amusement park, Luna Park, has hit the market for the first time in two decades.
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10 things to know about the NZ property market right now
Regulatory change is a huge theme for housing at present, so in this environment CoreLogic's Chief Property Economist, Kelvin Davidson, draws on some anecdotal insights gathered from market participants 'on the ground'.
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SA’s new rental laws to come into effect
South Australia's new rental reforms are set to take effect on 1 July and will see new rights for tenants facing record-low vacancy rates.
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Agents team up for viral $2 million Enfield home campaign
A Sydney sales agent and buyer’s agent have teamed up to run a viral marketing campaign on an unlivable Enfield home that’s expected to sell for about $2 million at auction this weekend. Richard Matthews Sales Executive and Auctioneer, Matthew Blackmore, has teamed up with JBX Buyers Agent, Jason Ballo, to market 21 The Parade, Enfield, in a campaign that’s…
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Jay Giblett: mixing business and lifestyle in Endeavour Hills
A year ago, Jay Giblett often felt like he was robbing Peter to pay Paul.
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Sales volumes rising in NSW, but WA’s hot run could be over
Sales volumes are on the rise across a host of suburbs in NSW, however, demand in Western Australia might be starting to fall.
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Best of RE/MAX bask in Bali
The elite in the RE/MAX sales force have shaken off early winter chills to warm up while experiencing three days of professional stimulation at the Platinum + event.
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Auction numbers remain high despite winter setting in
Auctions have remained unseasonably high for the start of winter with strong stock levels coming to market and buoyant interest from buyers.
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Foreign buyers flood into Melbourne and Queensland
Foreign buyers are flooding back into Australia, with Melbourne and Queensland emerging as the hottest locations for overseas purchasers.
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Ray White uses sign language to make auctions accessible
Ray White Noble Park has made history by providing an Auslan interpreter to sign the auction call of a live auction.
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The 27 key metrics agents need to track
Systems and checklists are the keys to keeping your finger on the pulse of your business and generating growth, according to an expert.
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Gold Coast’s Landmark project to boost A-grade office space
A Gold Cost mixed-use development is set to provide the city with a year’s supply of office space.
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Mortgage arrears hit three-year high
Borrowers are increasingly falling behind on their mortgage repayments with arrears hitting a three-year high.
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Sabrina Gao heads up Ray White Lower North Shore’s China desk
Ray White Lower North Shore has enhanced its Chinese connection with a new full-service desk led by Sabrina Gao.
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Handling the death of a tenant with compassion
Death is something that touches us all and property managers can at times find themselves confronted with the death of a tenant.
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Calls to cap the number of short-term rentals
There is a new call to cap the number of Airbnb-type properties, with new data showing that 74 per cent of new housing supply heads straight to the short term rental market
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Record Real Estate of Origin for Ray White Group
Ray White agents across Australia and New Zealand have booked 10,141 appraisals at the 15th Real Estate of Origin event, with friendly rivalry fuelling the success.
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Harcourt’s icy plunge raises $10,000 for MND
Harcourts Ulverstone & Penguin team members have taken an icy trip down the town’s water slide to raise more than $10,000 for Motor Neurone Disease.
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