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News

Keeping up with the latest updates on the real estate industry is now a breeze with Real Estate Business’ News category. This section contains breaking news stories on topics such as property management, real estate business marketing and regulation.

Rental rates ease; house prices soar

Rental rates are falling on the back of increased home buyer activity, PRDnationwide’s latest Quarterly Economic & Property Report has found. “Bu...

Inflation figures support rate rise

The latest inflation figures have increased the possibility of a fourth consecutive interest rate rise. While headline inflation slowed last quarter ...

Foreign investment drives Melbourne sales

Overseas investors are single-handedly driving the Melbourne property market, according to agents. Last month Jellis Craig agent Peter Vigano sold a ...

House price growth surges to 6 yr high

Unprecedented demand from first home buyers and upgraders has helped 2009 post the strongest annual house price growth since 2003. According to Austr...

No more rate rises: HIA

The Housing Industry Association (HIA) has warned the Reserve Bank not to raise the official cash rate when it meets next Tuesday. According to HIA...

Majors to undercut RBA

Interest rates are predicted to rise by 1 percentage point this year, however the majors are expected to absorb 0.3 per cent of that, a new report fro...

Buyers flock to seaside

Coastal homes are becoming an increasingly popular property choice with homebuyers, according to Ray White. The Real Estate’s chief executive Andre...

Sydney houses unaffordable

Sydney is fast becoming the world’s most unaffordable city, taking out second place in a list of the world’s most expensive cities. According to ...

House prices to rise by 10pc: McGrath

McGrath Real Estate chief executive officer John McGrath has said he expects house prices to rise by as much as 10 per cent in 2010. Speaking to jour...

Cairns struggles to fill retail shops

A drop in tourist numbers has resulted in a vacant and lifeless CBD retail district in Cairns. According to an audit by The Weekend Post this week, a...

Melbourne house prices at record high

The median Melbourne house price has shot up by more than $75,000 in the last three months, setting a new quarterly record. According to data from th...

Vendors to foot inspection bill

Vendors, rather than homebuyers, will soon be forced to pay for building and pest inspections. In a bid to streamline property buying, the NSW premie...

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