INDUSTRY NEWS
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Top takeaways from AREC 2024 – Day 1
Almost 5000 real estate professionals packed the Gold Coast Convention and Exhibition Centre for Day 1 of AREC 2024. This year’s headline speakers were the two Ryans - Hollywood actor, producer and entrepreneur Ryan Reynolds and world renowned real estate broker Ryan Serhant.
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New listings are on the rise, especially in Victoria
New listings are starting to flow back onto the market, with Melbourne and regional Victoria leading the charge.
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Bunbury property prices lead the charge in WA
Bunbury, Western Australia’s third-largest city, is the strongest regional market in the state with house prices up 5.9 per cent in three months.
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Melbourne and Sydney named as top international cities
Melbourne and Sydney have been named amongst the best in the world according to a new index of leading international cities.
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Victoria likely to lose 5000 rental properties
Victoria is on the cusp of an ‘investor exodus’, with the state projected to lose 5,000 rental properties in the next 12 months.
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First National celebrate their top performers
First National Real Estate has handed out its General Excellence and Marketing Awards at the network’s National Convention, at Malaysia’s Grand Hyatt in Kuala Lumpur.
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From crisis to champion: Lachy Cameron’s record-breaking run for mental health awareness
Katrina Tarrant only took up running in January but she’s already helped her son Lachy Cameron raise $33,000 for mental health awareness.
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Stunning tree-top mansion in the Daintree Rainforest hits the market
A stunning three-storey timber and glass mansion nestled amongst the trees on 2.5 secluded acres in the Daintree Rainforest has hit the market with an asking price of $1.65 million.
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Kolmeo now integrates with Snug
Property management software provider Kolmeo now integrates with leading applications and leasing management solution, Snug.
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CBA partners with Coposit to simplify off-the-plan home buying
The Commonwealth Bank of Australia’s Business Bank has agreed to accept pre-sale contracts secured through Coposit, a PropTech platform that gives buyers a chance to buy off-the-plan homes sooner than if they had to save a full, lump sum, deposit.
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Overseas buyers still targeting Australian property
Foreign buyers remain focused on Australian property, with new data showing search volumes to rent and buy have risen over the past 12 months.
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Adam Regan joins The Rubinstein Group
The Rubinstein Group has appointed Adam Regan as a senior sales executive, with the accomplished professional looking to build his growth platform at the agency.
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Separation Creek holiday home named HIA’s Home of the Year
A stunning holiday home, nestled on a sharp slope with views across Bass Straight at Separation Creek on the Great Ocean Road has been named the HIA-CSR Australian Home of the Year.
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Lenders must do more for borrowers in hardship
Lenders are not doing enough to help borrowers who are in financial difficulty and want to access a bank’s hardship provisions.
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NSW vacancy rates ease ever so slightly
Vacancy rates eased slightly across many areas of New South Wales last month, but the Real Estate Institute of NSW has cautioned against celebrating the April figures.
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Australians put dreams on hold as cost of living rises
Australians are increasingly being forced to shelve major milestones like having children, family holidays and house upgrades because of the rising cost of living.
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Emotional auction ends a family’s six decade connection to Sydney home
When the auctioneer’s hammer fell at $1.8 million on 11 Gregory Cres, Beverly Hills, the sale represented a lot more than just another deal done.
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REIQ: Queensland Government needs to wean off stamp duty
The Queensland government coffers are swelling from excessive property taxes and it’s time they started to wean off them, according to the Real Estate Institute of Queensland (REIQ).
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Supply, not landlords, behind the housing crisis
Australia's housing crisis is being driven by supply issues rather than greedy landlords or rising interest rates, according to Reserve Bank of Australia Assistant Governor Sarah Hunter.
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Luke Banitsiotis crowned top auctioneer at the AUSTROS
Woodards Blackburn's Luke Banitsiotis, has been crowned the nation's top auctioneer for 2024, after taking out The Australasian Auctioneering Championships (AUSTROS) in Hobart.
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One-third of buyers say interest rates don’t impact decision to get on the property ladder
Interest rates do not influence the decisions of more than one-third of Australian buyers when it comes to buying or selling property, according to recent research.
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Rising vacancy rates offer a little relief for renters
Australia’s renters are finally getting some respite, with the national vacancy rate rising to 1.21 per cent in April.
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Housing data lab gets $1 million funding to solve housing crisis
The City Futures Research Centre (CFRC) at UNSW Sydney has been awarded a $1 million grant by the office of the NSW Chief Scientist to create a new lab to help analyse the ongoing housing crisis.
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Luxury living: Byron Bay’s $100M Secret Garden
A $100 million luxury, residential development that promises to bring the spirit of the Byron Bay hinterland to the centre of the coastal town, has secured DA approval.
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New listings jump in April as confidence rebounds
Vendor confidence is returning across the country with new listings surging 3.8 per cent last month according to new data.
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Facebook is shutting down Workplace
Meta, the parent company of Facebook, has announced it’s shutting down its enterprise communications business Workplace.
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Successful real estate business rebrands to RE/MAX Aspire
Successful businessmen and brothers, Jarryd and Ryan Fisher, have built their real estate business on a solid basis of trust, respect and commitment, and recently partnered their successful dual-office business E-Fishient Property Solutions with RE/MAX, rebranding to RE/MAX Aspire.
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McGrath Townsville giving a little means a lot
Long time Townsville residents and business owners Kaye and Brad Matheson love nothing more than to give back to the community that has been so good to them.
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New Zealand resellers still seeing red
Prices are still favouring buyers in New Zealand, with new data showing that increasing numbers of resellers have been taking losses on their properties.
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Federal Budget reaction: Why it won’t solve the housing crisis
Real estate and housing experts across the country have weighed in on Tuesday’s Federal Budget, simultaneously giving the thumbs up to the cash splash while lamenting it didn’t go far enough.
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Australian underinsurance hits crisis levels
Australians are putting their homes and livelihoods at risk by underinsuring their homes according to an insurance expert.
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Donald Bradman’s childhood home hits the market
The childhood home of Australia’s greatest ever sportsperson, Sir Donald Bradman, is on the market after a meticulous restoration.
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Mandurah is Australia’s fastest growing city
Mandurah, on the southwestern coast of Western Australia, has been named as the fastest growing city in the country in the past 20 years.
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What’s in the Federal Budget for real estate?
Treasurer Jim Chalmers has delivered his third Federal Budget, forecasting a surplus of $9.3 billion, handing out almost $2 billion to increase the maximum rate of Commonwealth Rent Assistance and delivering a prediction that inflation could return to target this year.
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Family-friendly workplaces boost work-life balance
Employees who work in family-friendly workplaces have better work-life balance and less stress according to a new survey.
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