Real Estate News
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Rupert Murdoch to sell Realtor.com
Rupert Murdoch’s News Corp is looking to sell the parent company of Realtor.com, with the news breaking just hours after it became clear his plan to combine the news company with Fox Corp had been scrapped.
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New Zealand inflation figures remain stubbornly high
The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to opt for a 0.75 per cent increase to the cash rate when it meets next, a leading economist says.
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Bel-Air canyon price tag slashed by 70 per cent
An undeveloped golf course-sized patch of land in one of Los Angeles' ritziest neighbourhoods is on the market at a 70 per cent discount on its original asking price.
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December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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Stephens Estate Agents launches in the Gold Coast-Tweed region
Ben Stephens is no stranger to running a real estate business. As a second-generation agent, he knows only too well what’s involved in building a successful agency.
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Creepy interior decorations have everyone talking about this UK listing
Internet sleuths were quick to point out some creepy additions visible in the marketing photos for a UK listing.
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‘Still undervalued’: The Agency recruit Rebecca Fearon says Balmain market has plenty left in the tank
The Agency has announced the appointment of Rebecca Fearon as a Property Partner, based in Balmain, with Ms Fearon saying the prestige market still has strong growth potential. Â Â
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Tennis courts a hit with buyers as Australian Open reaches full swing
Buyers are increasingly searching for properties with a tennis court, according to new data from Domain, though suitably-equipped properties are in short supply.
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Queensland’s vacancy rate inches higher in December quarter
The Sunshine State's rental market remains incredibly tight despite a slight uptick in vacancy levels during the December quarter, a new report from the Real Estate Institute of Queensland shows.
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Ray White Surfers Paradise’s The Event sees 94 properties go under the hammer
Ray White Surfers Paradise's annual The Event auction saw a clearance rate of 59 per cent, with 302 registered bidders and more than 1200 attendees.
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Louise Schofield joins PMVA to elevate property management success
Industry authority Louise Schofield has joined real estate outsourcing company PMVA, aiming to create better workplace culture, more streamlined workflows and a better customer experience for property management businesses.
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REIA announces finalists for National Awards for Excellence 2023
The Real Estate Institute of Australia has published its 2023 finalist list the REIA National Awards for Excellence (NAFE), which will be held in Perth on March 9.
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Queensland ranked number one state economy by CommSec
An uptick in sea and tree changers heading north has led to Queensland being ranked the best-performing state economy for the first time in the 13-year history of CommSec’s State of the States report.
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Residential land prices stabilise after 26 per cent surge
The cost of new residential land has stabilised following a strong two years of growth, with rising interest rates the key reason, according to the Housing Industry Association.
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7 wild and wonderful listings on Zillow
Every year celebrity and other high-end homes seem to be getting bigger, bolder and at times a little bit crazy.
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One in two property markets declined in 2022: CoreLogic
Record high inflation, rising interest rates and weak consumer sentiment are leading to falling home prices, with new data showing that one in two markets declined in value in 2022
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Our favourite new tech ideas from CES 2023
The annual Consumer Electronics Show in Las Vegas was back with a bang this January, with no shortage of new tech ideas that could help give agents the upper hand.
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Top lifestyle real estate specialist joins RE/MAX
A desire to deliver great outcomes for sellers and buyers of rural and lifestyle properties has led NSW Central Coast agent Tim Jarvis to join the RE/MAX Pamilya Properties team.
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Katie Lance: 3 social media predictions for 2023
Real estate agents should focus on three key areas when it comes to social media in 2023, according to US social media expert Katie Lance.
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The Agency appoints Sally O’Connell to GM of Sales for Victoria and Tasmania
The Agency has appointed Sally O’Connell to the role of General Manager of Sales - Victoria and Tasmania, with the former Macquarie Bank executive hoping to replicate the success the brand has seen in the NSW and Western Australia markets.
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Million Dollar Bogan raises $35,000 for mental health support
Geelong real estate agent and Big Brother star Daniel Hayes has helped raise $35,000 for telephone crisis support organisation Lifeline, with his charity motorcycle ride.
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New Zealand unlikely to ease borrowing restrictions in 2023
The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to cough up a minimum deposit of 40 per cent, CoreLogic New Zealand's Chief Property Economist Kelvin Davidson says.
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Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20 years, according to PropTrack.
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Gnome sweet Gnome: Josh Horner launches The Horner Agency with UrbanX
Former Dancing With The Stars host turned real estate agent, Josh Horner, has propelled himself further into the spotlight, launching his alternative high-energy real estate business, The Horner Agency.
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Elite Retreat is back in 2023 – in Bali!
If you’re looking to supercharge your business and gain industry-leading knowledge to power you and your team towards success, then Elite Retreat 2023 is for you.
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Glenn Curran on joining The Agency and what’s in store for Sydney’s market in 2023
The Agency has extended its reach in Sydney's Upper North Shore market with the appointment of Glenn Curran as a Property Partner, with Mr Curran predicting a strong year of sales on the back of a resurgence in overseas buyers.
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Code Property Group: the tech PMs are using to beat burnout
Property managers are experiencing added pressure as they start a new year in one of the tightest rental markets Australia has ever seen.Â
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This Mornington Peninsula home is stuck in the 1960s and proud of it
A Victorian property listing complete with bright flower wallpaper and chequerboard floors has hit the market, offering buyers a slice of 1960's inspired nostalgia.
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Perth vacancy rate at lowest level in four decades
Perth’s vacancy rate has dropped to its lowest level in 42 years, after falling to just 0.6 per cent in December.
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Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate figures from Finder show that more than 10 per cent of borrowers lied about details on their loan application.
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Real is rare: Rebecca Rainford launches Rarestate in partnership with UrbanX
Rebecca Rainford's goal isn't to be number 1 in robotic, conveyer-belt transactions, her mission is connection, passion and giving more love to the community. Now, with the power of UrbanX Rebecca is paving her own way, leaving behind the constraints of the traditional agency model and founding her own brand, Rarestate.Â
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Victorian property market not all one-way
Demand for regional Victorian property continued in 2022 with house prices rising eight per cent.
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Australia’s rich-listers buy and sell over Christmas
Australia's mega-rich have been buying and listing lavish properties during the Christmas-New Year period, with Atlassian Co-founder Scott Farquhar paying a whopping $130 million for the Point Piper trophy home ‘Uig Lodge’.
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Popular Perth agent joins RE/MAX Extreme
Successful and sought-after real estate agent, Deirdre McTiernan, is the most recent key appointment to the RE/MAX Extreme team.
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