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PropHero banks $8 million to grow its digital buyer's agent platform
PropHero, winner of “Proptech Startup of the Year” at the 2022 Proptech Awards, has closed an $8 million seed round to continue growth.
Damian Collins finishes his four-year term as REIWA President
Damian Collins has announced he will be finishing up his four-year term as REIWA President on Thursday 13 October 2022.
Latest rate rise hopeful of economy stabilising: REIA
The Real Estate Institute of Australia (REIA), President, Mr Hayden Groves said RBA’s latest and more modest cash rate increase to 2.6 per cent is an indicator Australia’s inflationary pressures are beginning to ease.
Cash rate hits 2.6%, surpassing the pre-COVID decade average - CoreLogic
At the board meeting today, the RBA took the cash rate target 25 basis points higher, a lower increase than in the preceding four months.
Loan commitments fall but first home buyers on the rise - REIA
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest lending figures released by the Australian Bureau of Statistics (ABS) show the total value of new loan commitments for housing fell 3.4 per cent to $27.4 billion in August 2022 (seasonally adjusted), after a fall of 8.5 per cent in July.
McGrath acquires stake in top performing franchisee
McGrath Limited (ASX:MEA) (McGrath, Company or Group) today is pleased to announce that it has acquired a 30% stake in its Central Coast franchisee, McGrath Central Coast, from principals Jaimie Woodcock and Mat Steinwede (Acquisition).
Debt held by foreign banks soars by 20% according to Plan1
Plan1 Co-founder, Richard Jenkins said analysis of the latest APRA statistics show total CRE debt grew by a whopping $35 billion over the 12 months to June 2022, greatest growth since 2008.
John McGrath – Pandemic creates new long term Australian property trends
John McGrath, Chief Executive Officer of McGrath Estate Agents says the theme for the newly released McGrath Report 2023 is ‘chaos creates opportunity’.
Productivity commission’s housing affordability report supports REIA’s plan
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has welcomed the Productivity Commission’s report into housing affordability adding that “it supports REIAs plan for addressing the housing crisis.”
Rental stock hits 12-year low in September - REIWA
REIWA President Damian Collins said now was a challenging time for tenants, with rental supply struggling to keep up with Perth’s growing population.
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