INDUSTRY NEWS
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Ray White agents focus on process in 2024
The opportunity to have your best year ever will be dictated by your process was the message coming out of Ray White’s annual Engage training session.
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NSW vacancy rates ease as the rental crisis continues
In a small win for New South Wales renters, residential vacancy rates have eased in some areas, however, there is likely more pain ahead for tenants according to the industry.
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Regional areas emerge as sanctuaries from the rental crisis
The rental crisis continues to put renters under extreme pressure, however, new research has found a number of regional areas are emerging as “sanctuaries” for renters in search of relief.
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Consumer confidence boosts property market auction success
Consumer confidence is returning to the property market, resulting in higher than normal auction clearance rates.
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Rent freeze would spell disaster for Canberra
The Greens latest proposal to freeze rents in the ACT would be a “catastrophe” for Canberran renters and families, according to a peak real estate body.
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REIA warns against over-favouring corporates in BTR investments
The Real Estate Institute of Australia (REIA) has cautioned the Federal government, not to prioritise foreign investment into Build to rent (BTR) over individual investors.
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REACH Australia and New Zealand unveils the class of 2024
A tech-driven, custom-tailored menswear brand, a resident experience company meeting the demands of modern living and a group that empowers anyone to buy and sell tiny squares of conservation land, have been named in 2024 REACH Australia and New Zealand program.
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Home sweet heart: buyers find love after moving
More than 40 per cent of recent home buyers haven’t just purchased bricks and mortar, but found love after buying their new abode.
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Tribunal denies BTR landlord a rent increase of $85 per week
A Canberra landlord who wanted to hike their tenant's rent by 20 per cent has had the move denied by a tribunal.
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Stamp duty now costs up to six times more than a generation ago
Homebuyers are now paying up to six times more in stamp duty than a generation ago as incomes have not kept pace with surging home prices according to new research.
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The Florida compound set to break records
A stunning compound in Naples, Florida, the features three homes has been listed for sale at an astounding US$295 million.
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How can housing values fall when demand is so high?
The housing crisis and ongoing demand for property due to population growth is being reflected most of all in rental markets, with home prices falling in some areas according to an expert.
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WeWork founder Adam Neumann looking to buy the company back
Five years after being ousted from WeWork, founder and former CEO Adam Neumann is looking to buy back the shared office provider.
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Homes.com to launch $1 billion marketing campaign at the Super Bowl
When the Super Bowl kicks off at 10.30am on Monday, February 12, eyes won’t just be on the Kansas City Chiefs and the San Francisco 49ers, but the epic homes.com real estate ads.
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‘Right to disconnect’ laws could impact real estate
Proposed new laws allowing employees to ignore “unreasonable” contact from their bosses, and related third parties, after hours could potentially impact the real estate industry.
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New laws aim to boost foreign investment in build-to-rent in Australia
The Property Council of Australia has welcomed the introduction of legislation to lower foreign investment application fees for build-to-rent projects as a move that will boost investment in new rental supply.
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New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in two years.
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An insider’s look at the Friendly Auction system
When Chasse Ede walks a client through the Friendly Auction process he’s speaking from experience - as an agent and as a buyer and seller that’s been immersed in the system.
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Distressed listings jump 9 per cent in NSW
The number of distressed listings has risen across Australia, despite the number of total listings falling in January.
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First National Bowral bounces back after losing everything in a fire
When a fire in Bowral took out 13 businesses including the First National Real Estate offices, principal Allan Falvey knew he was going to have to dig deep to find a way to rebuild his business.
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Vacancy rates fall again in the new year
Rental availability declined further in January, with the national vacancy rate falling to 1.09 per cent.
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RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the cash rate at 4.35 per cent at its first meeting of the year.
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First home owners join MyBrix looking to sell their mortgage to investors
Sydney-based FinTech start-up, MyBrix, has received its first applications from property owners looking to sell their mortgage debt to investors.
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Eight new Perth suburbs hit the million-dollar mark
Perth’s booming property market has seen eight new suburbs hit the million-dollar median house price according to The Real Estate Institute of Western Australia (REIWA).
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You can now order your own ‘foldable’ home from Amazon
If you’ve been looking for an affordable home, the good news is that Amazon can now deliver a foldable home to your door for just $53,100.
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Will Queensland’s portable bond scheme be a welcome reform or a nightmare?
The Real Estate Institute of Queensland (REIQ) has welcomed a State Government bridging bond loan initiative to help get more renters into properties, but labelled the introduction of a portable bond scheme as an “administrative nightmare”.
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Australia’s auction season kicks off with near-record activity
Australia has recorded the second biggest start to auction season on record, with 1671 properties going under the hammer last week across the capital cities.
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Zillow launch their new 3D tour experience on Apple Vision Pro
US property platform Zillow, has launched Zillow Immerse in the Apple Vision Pro app story, providing buyers with groundbreaking virtual walkthroughs and interactive 3D floor plans.
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What the Apple Vision Pro means for real estate
The Apple Vision Pro has the potential to change the way Australians view properties and drive engagement and inspections for agents.
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Top agents open a new Sydney Sotheby’s office
Maclay Longhurst and Emily Davidson have taken the next step in their already successful real estate careers, opening a Sydney Sotheby’s International Realty office.
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Competition cools despite record low vacancy rates
Vacancy rates have returned to record low levels, but there is hope for renters, with new data showing competition for properties is starting to ease.
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New Zealand property prices continue their recovery in January
Home prices across New Zealand have continued to rebound, with values up 0.4 per cent in January according to CoreLogic NZ.
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Rates likely to stay on hold after inflation tumbles
Inflation has fallen to its lowest rate in two years, with experts now predicting the Reserve Bank of Australia (RBA) will leave rates on hold at next week’s meeting.
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3 strategies Ekland Gomes used to sell $3.77 billion in property
Last year was a challenging one for many agents in the US real estate market.
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Western Sydney popular with first-home buyers
A host of suburbs across Western Sydney have topped the list of the most popular with first-home buyers, according to new data.
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