INDUSTRY NEWS
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NSW vacancy rates ease but crisis far from over
Renters across NSW have seen a slight reprieve in December with vacancy rates rising but the rental crisis is far from over according to the industry.
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Premier Chris Minns: NSW won’t meet housing targets
New South Wales Premier Chris Minns has waved the white flag and admitted the state has “no chance” of meeting its first 12-month housing target as part of the National Housing Accord.
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Perth price growth set to continue in 2024
Perth house prices could grow as much as 10 per cent this year, with rising interest rates failing to dampen buyers’ desire for homes in the Western Australian capital.
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New Zealand property prices rise for the third straight month
The rebound in home prices across New Zealand has continued, with prices rising 1 per cent in December according to CoreLogic NZ.
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Is Adam Neumann’s apartment venture already struggling for money?
Adam Neumann's new apartment venture, Flow, looks to have encountered financial difficulties with its earliest acquisitions.
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Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street and suburb reviews during the process, the solution he and his brother Adam created will celebrate a major milestone.
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First-home buyers surge, defying rising costs and rates
First-home buyers are fighting back against rising interest rates, the increased cost of borrowing and the increasing cost of living, leaving the charge for new home loans.
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The best properties on the market right now with great tennis courts
With the Australian Open getting underway, tennis fever is back and more people than ever are wanting to go for a hit.
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Tenants who took on their landlords and won
It’s been a tough year for renters with a lock of supply and rising rents and it’s meant that tenants have started to push back against landlords excessive demands.
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Auction Snitch app to boost price transparency in property market
Two Sydney entrepreneurs, with a background in real estate and tech projects, have launched a new app that aims to increase price transparency in the Australian property market.
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Temporary buyer window opens in slowing Sydney luxury market
Price growth in Sydney’s luxury property market is starting to slow down opening up a ‘temporary window’ to buy according to an expert.
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REIQ calls for stamp duty concessions to keep up with rising property prices
The Real Estate Institute of Queensland (REIQ) has called for the stamp duty concession threshold for first home buyers to be increased to be more in line with current day property prices.
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NAR president Tracy Kasper resigns in shock move
The turmoil at the top at the National Association of Realtors (NAR) has continued with president Tracy Kasper resigning just two months after Chief Executive Officer Bob Goldberg brought forward his retirement.
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Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way with vacancy rates rising in December.
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Relief for renters as house rents remain steady
After a tough few years for renters, there is now a glimmer of hope with house rents across the combined capitals holding steady for the first time in almost three years.
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Housing approvals remain at low levels
Despite surging demand and already low stock levels, new house building approvals numbers have fallen, with the Government’s plan to build 1.2 million homes looking further out of reach according to the industry.
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Over 100 Gold Coast properties to be auctioned at The Event
Over 100 properties are set to go under the hammer at the iconic Gold Coast auction day The Event.
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Raine & Horne acquires New Zealand’s Mike Pero Real Estate network
Australian real estate brand Raine & Horne is expanding its reach after acquiring the nationwide Mike Pero Real Estate network in New Zealand and agreeing on a strategic partnership with Mike Pero Mortgages.
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Ray White’s Seasonal Initiative Strengthens Community Ties
Ray White’s annual Christmas-themed charity event, “A Little Ray of Giving,” saw significant participation this year, with 353 offices across Australia and New Zealand joining in. The Ray White Barossa Valley | Two Wells team The initiative, highlighted by the introduction of a Christmas Elf named ‘Little Ray’, focused on community engagement and support, and through various activities, including the…
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The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI boom, 2023 has once again been a year for the record books.
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Geared for growth on the Gold Coast
The Gold Coast real estate market has emerged as a standout success story in the wake of the Covid pandemic, and at the forefront of this boom is Alex Phillis, the innovative managing director of Phillis Real Estate.
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Barry Johnston named new REINSW president
The Real Estate Institute of NSW (REINSW) has named Barry Johnston as its new president.
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Property market resilience to be tested in 2024
After bouncing back in 2023, the resilience of the property market is set to be tested according to the latest Herron Todd White (HTW) Month in Review.
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Perth property prices predicted to jump up to 10 per cent in 2024
Perth property prices could soar as much as 10 per cent in 2024, according to Damian Collins, who is the past president of the Real Estate Institute of Western Australia (REIWA).
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REIQ Zone Chairs to enhance local real estate insights
The Real Estate Institute of Queensland (REIQ) has appointed 16 Zone Chairs to lend their voice and local insights on real estate issues in the state's largest property markets.
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A year of two halves for property growth
The past 12 months has been a year of two halves for the Australian property market, with ongoing rate hikes and stretched affordability slowing growth since June.
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Step inside Santa’s home with a virtual tour that unveils the magic of Christmas
Surrounded by crisp white snow and adorned with festive lights and mistletoe, Santa’s North Pole cabin isn’t on the market, but you can take a tour, courtesy of some Artificial Intelligence magic.
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NSW Fair Trading cautions against inadequate real estate training
NSW Fair Trading has urged agents and property managers to only use trusted, quality focused and registered training organisations for professional development and licensing, or risk having their qualifications challenged.
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Adam Neumann turns attention to new venture after WeWork collapse
Hot on the heels of the besieged WeWork being forced to file for bankruptcy, founder Adam Neumann has turned his attention to his newer real estate startup Flow.
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Sydney property outperforms expectations, with more growth ahead
Pent-up demand across Sydney’s property market has seen price increases outperform analysts' forecasts, with an expert predicting 2024 could be “boom mode” for prices.
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Barry Plant Eastern Group takes a collaborative approach to growth
Just over 12 months on from the successful acquisition of Philip Webb Real Estate, Barry Plant Eastern Group has successfully navigated the rapid expansion thanks to a collaborative approach with members of the new team.
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Housing crisis is due to lack of supply, not immigration
The more than 500,000 new immigrants aren’t causing pressure on the housing market or making property prices more expensive according to a leading buyers agent.
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Shane Smollen to sell Byron Bay beauty worth more than $40 million
A lavish beachfront property in Byron Bay, spanning three land titles with a 30m coast frontage, is currently drawing significant attention from potential buyers.
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Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
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Australia’s top-growth suburbs saw values rise 30 per cent
The top-performing suburbs across the country, saw their values surge more than 20 per cent this year according to new data.
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