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REINSW: Housing catastrophe needs brutal action
Skyrocketing housing demand at a time of critical undersupply has prompted the Real Estate Institute of NSW (REINSW) to call for an “immediate and expeditious Inquiry” followed by a “brutal action plan”, for Government and industry to work together to build the many thousands of homes needed in the state to stop the housing catastrophe.
Australia's capital cities record strongest annual rental increase in history - CoreLogic
A surge in overseas migrants and international students coupled with a significant shortfall in rental listings has led to the strongest annual rental increase on record for Australia’s capital cities.
Featured Property
Grand harbour view Kirribilli Terrace for sale - Ray White
34 Carabella Street Kirribilli for sale by David Gillan and Ben Markos of Ray White Lower North Shore Group is on the market for the first time in over 20 years.
Line ball rate hike likely to be the last for this cycle - CoreLogic
Today’s rate hike reflects the RBA’s uncertainty about how ‘sticky’ inflation might be amid persistently tight labour markets and new evidence that housing prices have moved through their low point.
How much more rental reform can Queensland cop, asks REIQ
The REIQ says the Albanese Government’s announcement that housing ministers will develop a plan to strengthen renters’ rights nation-wide later this year, is yet another swipe at property investor confidence in a State still reeling from relentless rental reforms.
Ray White Lower North Shore expands into Willoughby
The Ray White Lower North Shore Group has completed the next piece of its puzzle by expanding and opening Ray White Willoughby.
$250m annual sales team Devine joins The Agency (ASX:AU1) for national reach
The Agency Group Australia (ASX:AU1) accelerate its growth to 650 professionals nationally, with the entire sales and property management divisions of Devine Real Estate joining The Agency network, led by Steven Devine, Fayez Yammine and Aaron Papadimatos.
Listing numbers fall again as older listings are sitting slightly longer on the market - Ray White Research
So what is putting downward pressure on listings? Inflation and interest rate uncertainty, but new vendors are also contending with a log jam of old listings. For over a year, listings have sat slightly longer on the market, allowing more to sit on listings sites for longer says William Clark, Ray White Data Analyst.
South Australia market update - REISA
The South Australian property market has continued to show its resilience and strength over the 2023 March quarter by posting a new record median price yet again.
McGrath targets Brisbane for growth with a focus on attracting new real estate talent
McGrath Estate Agents continues to add to its sales teams across its company owned Brisbane operations (Paddington, New Farm, Bulimba and Wilston) as it strategically focuses on growing its footprint in one of Australia’s most important real estate markets.
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