INDUSTRY NEWS
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Tim Reardon: Attract foreign investors don’t tax them
Foreign investors are not to blame for Australia’s housing shortage and are actually one of the keys to solving the crisis, according to an economist.
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Property market confidence is on the rise except for in Victoria
Industry insiders are feeling increasingly confident about the state of the property market, however, Victoria continues to lag behind.
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Richardson & Wrench Double Bay primed for continued success
One of Double Bay's most reputed and longstanding real estate agencies is set for ongoing success with a trio of property experts at the helm.
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How agents can win after the NAR commission case
It’s the “educated agent” that’s likely to succeed in a post-NAR commission landscape that the US real estate industry is facing according to experts.
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Tenant who subleased room and kept up to five cats ordered to leave rental
An ACT tenant who leased a room in her landlord's property on Booking.com and housed up to five cats without permission has been ordered to leave the property.
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Hundred4Harper raises $100,000 for childhood brain cancer research
Almost 250 people filled a gym on Sydney’s Northern Beaches on the weekend, sweating it out in a gruelling 100km fitness challenge in honour of a little girl some of them had never even met.
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Almost zero: Perth’s vacancy rate falls again
Perth's vacancy rate is heading towards zero after hitting a new low of 0.4 per cent in March.
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Millennials are the most active property investors in Australia
Millennials have emerged as the most active group of property investors in the country with new data showing they are also not afraid to go it alone to get onto the property ladder.
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The largest lollipop in the world hits the market
A property that sweet tooths will love has hit the market in regional Western Australia, boasting the largest lollypop in the world.
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Domain: The rental crisis could reach a turning point in 2024
Embattled renters could be in for some relief ahead with an expert predicting that the rental crisis could be reaching a turning point.
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Secure your agency’s future with the Start Up Sorted Program
The Real Estate Agents' Lawyers - O*NO Legal has opened the doors to its Start Up Sorted Program, to empower agency growth without compromising protection - all with the guidance of industry specialists.
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Spanish Government to cease ‘golden visa’ scheme for property investment
The Spanish government has initiated the process to discontinue the controversial "golden visa" scheme, which has offered foreign investors a fast track to residency since 2013.
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REIA launches action plan to tackle housing crisis and boost property management
The Real Estate Institute of Australia (REIA) has launched a Property Management Action Plan designed to simultaneously tackle the housing crisis and bolster property management as a profession.
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Ryan Reynolds and Ryan Serhant headline AREC24
Hollywood celebrity and entrepreneur Ryan Reynolds and high-profile US agent Ryan Serhant will be amongst some of the big names headlining this year's Australasian Real Estate Conference (AREC) on the Gold Coast.
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Vacancy rates rise, but no relief for renters
The national vacancy rate has seen a modest increase in March, but renters are still under extreme pressure according to new data.
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Connectnow to enhance the moving experience for more tenants
Leading utilities connection service, connectnow, has partnered with next-gen property management platform Managed, to enhance the home moving experience for Australian tenants and home buyers.
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Landlords must prepare for ESG scrutiny in asset valuations
Landlords will need to prepare for more questions from valuers about an array of different Environmental, Social, and Governance (ESG) elements for assets, following changes to the International Valuation Standards (IVS).
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WA and QLD renters under extreme pressure
Life is not getting easier for renters with new data showing that tenants in Western Australia and Queensland are experiencing the worst rental conditions in the country.
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Build-to-rent lift-off won’t solve the housing crisis
Build-to-rent continues to gather momentum in Australia, but it is unlikely to be the housing crisis saviour, according to the Real Estate Institute of Australia (REIA).
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Perth house price rises 2.5 per cent to hit a new record
Perth’s median house sale price has hit a new record, rising 2.5 per cent to $620,000 in March.
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The Block property listed for auction with surprise $1 reserve price
The luxurious home sisters, Eliza and Liberty, renovated on The Block 2023, has been listed for auction with a reserve price of just $1.
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National rents remained relatively stable in March
Despite record-low vacancy rates across the country, rents remained relatively stable in March according to new data.
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Transforming the lives of refugees with homes in Australia
Property manager Sharon Burke doesn’t just help tenants find homes, she helps refugees start new lives in Australia.
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Regional Queensland leads the property price surge
Regional Queensland has recorded the highest growth in the country in the past four years, with prices rising 66.5 per cent.
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Number of ‘million-dollar cities’ hits a new record in the US
The number of US cities where the typical home value exceeds $1 million has reached a record 550, according to new figures.
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Is this NSW’s cheapest home?
It’s not often you hear the phrase “cheap as chips” in real estate, but that’s exactly how the listing description describes a house in outback NSW.
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Slow start for New Zealand property prices in 2024
The average value of a property in New Zealand had risen to $934,806 following a 0.5 per cent increase in the CoreLogic House Price Index in March.
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The roaring regions: affordable havens for first-home buyers
Australia is now officially a “million-dollar country”, with a median capital city house price of $1.005 million, but there are still some council areas where first-home buyers have a shot at owning their own home.
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Audience embraces a new view as View.com.au’s popularity soars
New Australian property portal view.com.au’s audience has more than doubled in just five months, according to new data.
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Property prices hit a new record in March
National property prices have hit a new record, rising .34 per cent in March to sit at a median $768,000.
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Cashed up investors to capitalise on rising prices
The resurgence in property prices has continued across the country, and investors are well positioned to capitalise on further growth according to the latest Herron Todd White (HTW) Month in Review.
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Buyers pay more for decked out backyards
Buyers are prepared to pay more for homes with backyards decked out with the latest ‘on trend’ features, according to new research from Zillow.
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Women’s home buying resilience outshines singles market dip
The number of single people purchasing homes is falling, but becoming more evenly matched by gender.
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NSW has more than 40,000 unused ‘ghost homes’
In the midst of the escalating NSW housing crisis, startling figures have emerged, revealing a vast number of 'ghost homes' lying unused across the state.
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Inflation remains steady, but rate cut hopes remain
The Consumer Price Index (CPI) remained unchanged at 3.4 per cent in the 12 months to February, however, experts believe rate cuts are still coming.
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