INDUSTRY NEWS
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The AREAs: More awards than ever before in 2024
Submissions for the 2024 REA Excellence Awards have opened, with more awards to win this year than ever before.
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Broken Hill could solve Australia’s housing woes
A buyers agent is calling for Australia’s inland cities to undergo an urban renewal in a bid to help ease the current housing crisis.
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One in 10 borrowers has missed a mortgage repayment
Higher interest rates and rising costs have led to more than one in ten borrowers missing a mortgage repayment according to a new survey.
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Happy campers keep caravan parks in hot demand
Demand for caravan parks remains high as the sector continues to build on the momentum from the lockdown era.
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How to proactively and peacefully manage legislative changes with your landlords
Property managers looking to create a smooth path to legislative compliance with their landlords need to be proactive when changes are introduced, according to an industry leader.
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Mala Maharaj appointed CEO of RE/MAX New Zealand and Fiji
Don Ha has stepped aside as head of RE/MAX in New Zealand, with Mala Maharaj named the new chief executive officer for the franchise in that country and Fiji.
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Government offers cheap loans to boost energy efficiency
The federal government has announced a new initiative through the Household Energy Upgrades Fund (HEUF) that will offer cheap loans to households to help save on power bills.
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REIV warns new rental standards may overburden landlords financially
The Real Estate Institute of Victoria (REIV) has urged the State Government to consider the introduction of proposed new minimum rental standards carefully, stressing that many landlords may not be able to afford them.
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REINSW appoints AI bot called Alice Ing as board advisor
The Real Estate Institute of NSW has appointed an Artificial Intelligence bot as an advisor to its board, the first move of its kind in Australia.
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Young West Aussie’s willing to sacrifice to buy a home
Young home buyers in Western Australia are prepared to make sacrifices on their dream home to overcome cost-of-living pressures and enter the property market.
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Millions of Australian homes at risk of natural disasters
Almost half of Australian homes are at risk of bushfire, while 8.1 per cent face flood threats, according to new research from Domain.
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Australians squirrel away billions in the bank
Australians squirrelled away $4.69 billion in April as households continue to deal with the rising cost of living by cutting back.
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City-dwellers head for regional Australia in growing numbers
The number of city-dwellers sick and tired of expensive, overpopulated cities and deciding to move to regional Australia has hit a 12-month high according to new data.
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Optimistic outlook: 93 per cent of agency owners expect revenue growth
More than 90 per cent of real estate agency owners anticipate positive revenue growth over the next 12 months, according to new research.
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Brisbane overtakes Canberra as property prices rise
Perth, Brisbane and Adelaide continue to lead home prices into record territory with national values up 0.3 per cent in May according to new data.
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Proptech Labs acquires reHeroes to enhance AI-driven PM solutions
Proptech Labs, a leader in AI first technology solutions for property management, has acquired reHeroes, a prominent innovator in the property management space.
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Australia’s very own UFO house is out of this world
If you’re looking for a home that’s light years ahead of the rest of the competition, this UFO-shaped Sydney property is truly out of this world.
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View Media’s high-profile appointments set to bolster growth
Antony Catalano’s View Media Group has announced a host of high-profile appointments as the listing platform gets set for its next phase of growth.
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Record-setting rebrand to Harcourts
In one of the biggest rebrand moves in recent history, an esteemed Queensland-based real estate group of multiple franchises has rebranded into blue as Harcourts Property Hub.
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Inflation figures spell longer rate pause not a rate rise
The final hurdle in the fight against inflation may be proving a difficult one to jump, but it should not lead to an interest rate rise in June, according to experts.
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Christine Mikhael to sleep rough to help combat homelessness
On June 20, Christine Mikhael will spend a cold night sleeping outdoors in a bid to raise funds and awareness for the 122,000 Australians that are homeless.
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Herron Todd White: Buyers tipping rate cuts drive activity
The expectation that interest rates were set to fall was behind this year's uptick in activity according to the latest Herron Todd White (HTW) Month in Review.
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Harcourts to make it cool to be at school
The Harcourts Foundation has teamed up with Inspirational Women as part of an international campaign to support Fijian children in need.
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NZ mortgage rates rise, first home grants scrapped
Given the scrapping of first home grants (deposit assistance) and the strong indication from the latest Monetary Policy Statement that mortgage rates are set to be "higher for longer", there’s bound to be a continued focus on the general property lending environment and, in particular, how easy or hard it is to access lower deposit finance.
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Realestate.com.au launches new and improved Audience Maximiser
Realestate.com.au has relaunched its audience extension product, Audience Maximiser, placing more control in the hands of agents.
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Master the art of listening: How top agents turn leads into listings
Listening is the number one skill real estate agents need to convert leads into clients, according to top US real estate coach Bernice Ross.
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Brisbane now has Australia’s most expensive parking
Rising vacancies across many CBD office markets have seen Brisbane now with the most expensive parking rates in the country.
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The number of affordable rentals hits a record low
The number of affordable rentals continues to decline across the country making life incredibly tough for renters.
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New affordability filter for realestate.com.au to help ease rental pressures
Realestate.com.au has launched a new affordability filter to help renters to find more affordable homes.
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Regional values and rents hit new record highs
Regional Australia has started to see activity heating up, with both dwelling values and rents picking up pace over the past three months according to new data.
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Sydney prime rents grow at the fastest pace in the world
Sydney prime rents grew nearly 20 per cent in the past 12 months, three times the rate of the next closest major international city according to new data.
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Top takeaways from AREC24 – Day 2
Five thousand real estate once again filled the Gold Coast Convention and Exhibition Centre for Day 2 of AREC24, where the high energy message was also about confidence, mindset and how to get your clients to love your brand.
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Trailblazing auctioneer Georgia Turner paves the way
Ray White New South Wales state administrator and auctioneer, Georgia Turner has successfully sold her first property under the hammer as she gets set to make her mark in the largely male-dominated field.
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Affordable Sydney suburbs to see strongest price growth
Properties in the most affordable suburbs of Sydney are likely to be the best performers in the next six months according to a new report.
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REIWA rallies support for its annual Sleeping Bag Appeal
The Real Estate Institute of Western Australia (REIWA) is preparing to bring some warmth and comfort to those sleeping rough this winter on the back of their annual Sleeping Bag Appeal.
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