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Jun 3, 2022

The Economy

Active bidders reduce but clearance rates hold up during May - Apollo Auctions

The average number of active bidders at auction reduced by about five per cent during May, partly due to the Federal Election but also the interest rate increase at the start of the month, according to the new Apollo Auctions May Auction Report...

Jun 1, 2022

The Economy

CoreLogic Home Value Index records first national fall since September 2020, as declines accelerate across Sydney and Melbourne in May

CoreLogic’s Research Director Tim Lawless said despite the 0.5% rise in housing values across Australia’s combined regional areas, it was not enough to keep the national index in positive monthly territory

Jun 1, 2022

Politics

REIA Welcomes New Cabinet, time to get to work on Housing Plan

The Real Estate Institute of Australia (REIA) has today welcomed Australia’s new look Cabinet and congratulates the new Minister for Housing, Homelessness and Small Business the Hon Julie Collins MP.

Jun 1, 2022

The Economy

Perth outperforming Sydney and Melbourne for price growth in 2022 - REIWA

REIWA President Damian Collins outlines how the Perth residential property market performed in May

Jun 1, 2022

The Economy

Builders to remain busy into 2023 - HIA

New home building and renovation booms will keep Australia's already stretched home builders busy until at least June 2023 states HIA Economist Tom Devitt.

May 30, 2022

The Economy

Markets

John McGrath – Australia’s most profitable property markets

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, owners have to brace themselves and prepare for the value of their homes to potentially go down after the phenomenal pandemic-induced property boom we have seen across the country.

May 27, 2022

Boost to social housing stock in Albury

Housing for people in need across Albury is set to be reimagined under a landmark agreement between the NSW Government and Albury City Council.

May 27, 2022

The Economy

Politics

Energy wholesale rates expected to soar by 67%

With continuing spikes in wholesale electricity prices adding to Australia’s soaring cost of living, energy bills will squeeze household budgets more than ever this winter. Now new research has revealed that a

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May 26, 2022

3,382 homes scheduled for auction this week across the combined capitals compared to last week’s 1,672 CoreLogic

It will be the third busiest week of the year and an increase on the same time last year, when 2,905 auctions were held across the combined capitals.

May 26, 2022

People

Agents

Melbourne agent launched independent Paul May Real Estate after decades working for major franchises in Melbourne’s southeast

An agent’s personal brand is more powerful than an agency in today’s market, newly minted independent sales agent Paul May says. The veteran agent launched Paul May Real Estate in January after decades working for major franchises in Melbourne’s southeast. Mr May decided to go with @realty’s...