Real Estate News
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Buyer activity climbs as Kiwis reconsider the ‘forever home’
Following New Zealand’s recent drop in the Official Cash Rate (OCR), the property market is seeing a noticeable increase in buyer activity. According to new data from realestate.co.nz, enquiries have spiked by over 25%, indicating rising confidence among buyers and echoing similar, though smaller, interest following the previous OCR cut in August. Vanessa Williams, spokesperson for realestate.co.nz, attributes this shift…
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NSW reforms ramp up duplex development
NSW reforms ramp up duplex development The NSW government has introduced sweeping reforms to allow duplexes and semi-detached homes across 97 per cent of local councils, aiming to increase housing supply in well-located areas. According to realestate.com.au, the new amendments have significantly reduced the requirements for duplex development, with blocks now only needing a 12m frontage on a 400sq m…
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Affordable homes outperform as mortgage fatigue hits
Rising interest rates are driving a shift in the market, with affordable houses now experiencing stronger price growth than luxury homes.
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High auction volumes test market as clearance rates decline
Weekend auction summary: 27th October 2024 This past weekend saw one of the busiest periods for auctions across Australia’s capital cities, with over 3,000 homes going under the hammer, according to CoreLogic. The preliminary auction clearance rate was 66.8%, slightly down from last week’s 67.4%, which later revised to 58.2%, marking the lowest clearance rate of the year so far.…
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US election: what to expect if Trump or Harris wins
Donald Trump and Kamala Harris present contrasting policies that will directly impact real estate, from interest rates to affordable housing initiatives.
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FLK It Over gets NSW agents VOI compliant
FLK It Over, a digital platform is revolutionising how real estate professionals manage their agreements.
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Auckland auction event sees $24.9 million in property sales
A major Ray White auction event in Auckland has highlighted the strength of the local property market, with more than $24.9 million in sales recorded in a single day.
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Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious housing targets.
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Queensland set to become the second-largest investor market
Queensland is poised to overtake Victoria as Australia's second-biggest property investor market, according to new data
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Ruby Vo: From property management to sales success
Ruby Vo's journey in real estate began in 2010 when she started as a property manager.Â
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Find out why November is statistically the best time to sell
Homeowners selling in November achieve higher prices.
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From commission houses to Melbourne’s best-selling agent under 30
From growing up in a commission home to being named in the Herald Sun’s Best-Selling Agents Under 30 list, Ozan Kanbur has come full circle.
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Blue chip property surges higher
Blue chip property across the country is experiencing a significant upswing, with several suburbs hitting record-high prices in 2024.
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Jessica Cao’s auction success
Ray White Head of Performance and Recognition Bianca Denham recently sat down with Chairman’s Elite agent Jessica Cao from Ray White Upper North Shore, Sydney to talk about the secrets of her success.
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Build-to-Rent faces global challenges
The Build-to-Rent (BtR) sector in both the UK and Australia is playing an increasingly crucial role in addressing housing shortages.
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Victorian government to release record amount of land for housing
The Victorian government is preparing to announce the largest release of land for housing in the state's history, targeting Melbourne's outer suburbs to combat the ongoing housing crisis.
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RBA reveals landlords absorb the bulk of interest rate hikes
Recent research by the Reserve Bank of Australia (RBA) has debunked the myth that landlords are passing on increased mortgage costs to tenants, leading to unsustainable rent increases.
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REIQ supports the Federal Government’s push for stamp duty reform
REIQ CEO Antonia Mercorella: "Stamp duty presents a considerable barrier to those wanting to buy their first home."
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Domain CEO Jason Pellegrino to step down
Mr Pellegrino will continue in his role for the next three to six months while Domain’s board searches for a replacement.
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REINSW president Barry Johnston resigns
Barry Johnston has stepped down from his role as President, citing personal and business obligations.
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It’s a Fact: Harcourts sells a property every 13 minutes
New residential real estate figures developed for the launch of its global facts campaign has solidified the strength of the brand despite varying property cycle dynamics experienced across the globe.
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Dutton’s $5 billion plan to solve housing crisis
Opposition Leader Peter Dutton has announced a $5 billion Housing Infrastructure Program, aiming to fast-track the construction of up to 500,000 new homes if the Coalition wins the next federal election.
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Australia urged to adopt European style co-operative housing to address rental crisis
The Business Council of Co-operatives and Mutuals (BCCM) recommends that the Government adopt co-operative housing like Copenhagen, Vienna and Zurich.
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Pivotal Financial names Shannon Arnold GM
Pivotal Financial, the finance arm of RE/MAX Australia, has appointed Shannon Arnold as General Manager, signalling a new phase of growth and leadership for the company.
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REA Group pledges $122,00 to fight homelessness
REA Group has stepped up to support Nedd Brockmann’s Uncomfortable Challenge, pledging $122,000 to help tackle homelessness across Australia.
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Essential workers could get homes on crown land
A groundbreaking proposal to establish new housing on unused Crown land has united unlikely allies in the fight for affordable homes for essential workers.
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Couples turn to wedding guests for home deposits
A new wedding trend is emerging as couples are increasingly asking their guests to help contribute to their home deposit instead of traditional gifts.
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Stamp duty slashed for off-the-plan property purchases in Victoria
The Victorian government has announced a significant reduction in stamp duty for off-the-plan apartments, units and townhouses in a bid to stimulate the housing market and address the state's housing crisis.
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Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
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Erin’s mission to revolutionise the apartment experience
Erin’s app simplifies apartment living by integrating rent, maintenance, digital keys, and more, enhancing tenant experiences.
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US builders shift focus to condos and townhouses amid affordability crisis
Builders in the US are adapting to the ongoing housing affordability crisis by constructing more high-density homes according to new analysis.
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Employment surge means RBA might not slash rates
Australia's job market continues to show resilience, with employment rising significantly in September, and taking the pressure off the Reserve Bank of Australia (RBA) to cut rates.
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Secrets of success: how regional agents thrive in real estate
More than 580 real estate professionals from across Australia and New Zealand participated in the first-ever virtual Regional Agents Conference.
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Maxwell Scott Raine inducted into FCA Hall of Fame
The Franchise Council of Australia (FCA) has posthumously honoured Maxwell Scott Raine as the 2024 inductee into the FCA Hall of Fame, recognising his role in introducing franchising to the Australian real estate industry.
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Jack Gilchrist: putting the community first
When Jack Gilchrist started in real estate, he never imagined he'd become one of the top agents in South Gippsland.Â
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