INDUSTRY NEWS
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Sail away to your own slice of paradise on Victor Island
If you’ve ever wanted to own an island in the Whitsundays, now is your chance with Victor Island officially on the market.
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National median house and unit prices continue to rise
National house prices have tipped over the $1 million mark after a strong quarter of growth right across the country.
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One-in-four eastern state homes paid for with cash
More than $120 billion worth of property was purchased in Australia’s eastern states with cash in 2023.
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WA and Queensland renters in a world of pain
Western Australia and Queensland now lead the nation when it comes to rental hardship, according to the latest Rental Pain Index.
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First National Port Stephens resurrect the famous ‘Chopper Ball’ for charity
First National Port Stephens has relaunched the famous “Chopper Ball” and has raised $62,016 to help support the work of the Westpac Helicopter Service.
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What sellers want in a real estate agent
Today’s sellers want a real estate agent that will work hard to get the best outcome for them and who is confident they can achieve the best price.
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Japanese garden oasis for sale in the heart of Horsley Park
One of Australia’s most unique properties, featuring its own Japanese-style gardens, with pontoons and bridges has hit the market in Sydney.
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Four years later: How Covid changed housing trends
In the four years since the onset of Covid, the housing market has seen prices surge 32.5 per cent according to new analysis.
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Andre Agassi inspires Ready24 attendees to redefine success
More than 1000 real estate professionals packed Royal Randwick today for Ready24, eager to level up and further their careers by downloading knowledge from some of the best speakers from here and overseas.
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REA Group’s Ready24 raises $400,000 for charity
Ready24 has returned for another year, with the sold-out event set to raise over $400,000 for community organisations working to end homelessness.
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Modular construction and airspace development form part of plant to ease housing crisis
Building homes with more modular and prefab construction, along with using airspace over existing buildings for new development are among a nine-point plan the Property Council of Australia has announced to solve the nation’s housing crisis.
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High-income households rent more, low-income renters face greater stress
The number of high-income households who choose to rent is on the rise, while lower-income renters are under more financial stress than ever before.
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Tenants union calls for empty home levy in Tasmania
The Tenants Union of Tasmania has called for an empty home levy after discovering almost 1000 homes were left empty in the state last year.
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Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of about $111,000 able to afford to rent the smallest share of properties since 2008.
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A landlords’ burden: Expert calls to cut ‘regressive’ taxes
A prominent property market analyst and buyer’s agent has called for governments to slash “regressive taxes” such as capital gains tax, stamp duty and land tax.
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Tiny Sunshine Coast cottage gets 104 bids at auction
A tiny Sunshine Coast cottage, that looks like your grandma’s house, received a staggering 104 bids at action during the week.
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New housing lending continues to drop
The value of new housing lending fell in January for the second consecutive month, according to the latest ABS Lending Indicators.
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Auckland landlord ordered to pay huge fine for property unfit for humans
In a landmark Tenancy Tribunal decision, a West Auckland landlord has been fined NZ$69,563 (AUD$65,125.95) for serious violations of tenancy regulations.
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More Australian women own property than men but struggle with early entry
More Australian women own property than their male counterparts but are more likely to do so later in life, while affordability and investment are significant hurdles.
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Real estate employees to be awarded excess travel time
The Fair Work Commission (FWC) has clarified the way in which employees are to be paid for the excess time they spend travelling under the Real Estate Award.
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Housing affordability has reached the lowest level in 20 years
Housing affordability is at its lowest level in 20 years, with interest rate increases putting homebuyers under extreme pressure, according to a new report.
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Little Real Estate celebrates zero gender pay gap
A leadership team equally made up of men and women, workplace flexibility and an ethos of equality and diversity have been credited with Little Real Estate posting a zero gender pay gap in the 2023 financial year.
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Queensland and Victoria hold property investment gems
Investors should look towards Queensland, Victoria and Sydney’s west, where tight supply and steady demand are likely to put upward pressure on prices according to new research.
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Building approvals can’t keep up with record immigration
Australia’s record level of immigration is outpacing new construction which means the housing crisis is only going to get worse according to an expert.
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Vibrant auction market bodes well for Autumn selling season
Buyer confidence appears to have returned just in time for the Autumn selling season, with auction volumes and clearance rates on the rise.
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The Australian BTR sector set to outperform
The Australian Build-to-Rent sector (BTR) has the potential to outperform over the next decade with commercial investors needing to look for opportunities outside traditional buy-and-hold strategies.
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Simon Cohen to star on Seven’s Dream Home
High profile buyer’s agent and Elite Agent cover agent, Simon Cohen, has been named as one of three judges for Seven’s new competition renovation series Dream Home.
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NSW assistant agents now able to apply for registration extension
The NSW Government has offered more than 14,000 assistant agents the chance to apply for an extension of their certificates of registration.
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Artificial Intelligence saves Aussie workers 6 hours per week
More than 85 per cent of white collar Australian workers now use AI in their workplace, and estimate it saves them an average of 6.2 hours of work each week, new research has revealed.
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Sydney mansion Rockleigh quietly for sale with price hopes of $100 million
Hot on the heels of the iconic Elizabeth Bay mansion Boomerang selling for about $80 million, another well-known Sydney mansion has reportedly hit the market.
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Perth buyers forced to turn to units as market remains tight
Tight stock and strong competition are forcing Perth buyers to turn to units according to The Real Estate Institute of Western Australia (REIWA).
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Property tax overhaul: REIV’s bold call to spur investment
The Real Estate Institute of Victoria (REIV) has called on the State Government to review its property tax priorities to incentivise investors and help ease the housing crisis.
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National vacancy rate hits a new record low
The national vacancy rate has plummeted to a new record low of 0.7 per cent, although there does appear to be less competition among tenants, according to the latest figures from Domain.
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Could superstar Elton John be moving to Sydney?
The lower north shore's VIP real estate circles are abuzz with speculation that Elton John, the illustrious musician, is eyeing Sydney to add to his impressive property collection.
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Home price growth reaccelerated in February
Home prices across the country have hit a fresh new high, with growth reaccelerating despite affordability worries.
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