Real Estate News
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Borrowers look to refinance as rates rise
Refinancing could hit record highs this year following yesterday’s cash rate rise and with another widely predicted in March.
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RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first meeting of 2023, taking rates to their highest level since 2012 and flagging that further rises are likely in the months ahead.Â
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The landscaping trends set to be a hit in 2023
Earthy colours along with timber and stone-based structures are set to be the major trends in landscaping this year, predicts Landart founder Matt Leacy.
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5 questions with Kay & Burton’s new CEO Nathan Jones
Nathan Jones has been announced as the new CEO of Melbourne and Mornington Peninsula-based agency Kay & Burton.
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O*NO Legal welcomes new senior lawyer
Former real estate agent and senior lawyer, Jonathan Green, has joined O*NO Legal - The Real Estate Agents Lawyer, bringing his passion for both the real estate and legal industries, to a team of like-minded professionals.
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House price declines starting to slow
Capital city house prices are now down 6.1 per cent from their peak in March 2022.
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ANZ buys stake in Catalano’s View Media Group
ANZ has spent about $50 million to acquire a stake in View Media Group, majority owner of listings portal realestateview.com.au, in a move intended to see the major bank grow its mortgage book.
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Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
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Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis is set to get worse following the release of the latest ABS lending data.
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Penrose Real Estate open new doors with launch of new brand
Grant and Christina Penrose have launched a new real estate brand with customer service at the heart of its ethos.
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Maleny Realty enters an exciting new era with Agents’Agency
Twenty-five years after first opening its doors, a Sunshine Coast agency has entered a new era, with Maleny Realty joining the growing ranks of the Agents’Agency network.
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First National to use REA Group’s Connect platform for digital prospecting
Agents across First National Real Estate’s 200-plus offices will be able to access REA Group’s Connect platform after the two companies announced a partnership agreement.
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Propic hits the nation’s capital with Luton introducing AI
A forward-thinking Canberra real estate agency has introduced market-leading artificial intelligence to ensure 24/7 customer service and that no potential sales or property management lead is missed.
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Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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Explore Property takes a new direction in Townsville
Explore Property leader Andrew Acton has announced changes to the group’sTownsville franchise with a new leadership team driving the brand forward.
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RBA expecting up to 800k fixed-rate loans to end in 2023
A senate committee looking into cost of living of living pressures has shed light on the size of the anticipated 'mortgage cliff' set to test the property market in 2023.
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Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with someone other than a romantic partner as a way to get their foot on the property ladder.
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If Winston Churchill were a real estate agent, this is what he might say…
We asked ChatGPT to give us some motivational words of wisdom for real estate agents, channeling one of the 20th century's most revered leaders, the late British Prime Minister Winston Churchill, as inspiration. Here's what it came up with.
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Why caravan parks could be a hot investment
The humble caravan park could be a solid investment prospect, according to a leading commercial real estate expert.
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Linton Allen shares his real estate superpower
Linton Allen has a real estate superpower - a photographic memory.
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Mathew and Brooke Iuliano Partner with UrbanX
Committed to staying ahead of the industry, Mathew and Brooke Iuliano are leveraging the support of UrbanX, launching the progressive agency, Mavis.
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Jimmy Burgess’s $500 million sales strategy
Top US real estate agent Jimmy Burgess has shared the secret to his success, outlining the strategy he used to generate more than $500 million in sales.
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NZ records 10th month of property value declines
Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10 months.
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Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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South Australia notches a new record despite declining sales
The South Australian property market posted a record new median price during the December quarter despite a decline in the volume of sales, the Real Estate Institute of South Australia says.
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REACH Australia announces class of 2023
Second Century Ventures, the strategic investment arm of the National Association of Realtors and the most active global real estate technology fund, has announced the acceptance of eight companies to the 2023 REACH Australia program.
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Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
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Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
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Agents report strong buyer numbers
There might be a lot of talk about the property market downturn but Sydney and Melbourne agents have noted buyers are flocking to properties and this is translating to sales.
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Zillow’s new AI-powered tool finds your perfect home with one sentence
US listings portal Zillow has launched a new AI-powered feature that lets prospective buyers search for homes in the same way they would describe it to their friends and family.
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Keller Williams lawsuit: Is this the end of cold calling?
US real estate firm Keller Williams has agreed to pay US$40 million as part of a settlement agreement after it faced a class action lawsuit alleging it had violated the Telephone Consumer Protection Act, raising questions about the viability of cold calling.
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