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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.

260 suspects linked to $150m mortgage fraud scam

About 260 people are thought to be involved in an alleged $150 million mortgage fraud racket involving hundreds of Sydney homes. According to a repor...

Christmas activity expected to surge

Although traditionally seen as a quiet period, new data suggests the Christmas season may have significant activity. According to RP Data’s nationa...

NSW housing construction lags

NSW’s new housing supply is falling behind the rest of the country, according to a report by Urban Taskforce. The company’s chief executive Aaron...

Strong propsects for investor sector

Capital growth is expected to remain solid heading into 2010 as more investors enter the property market. According to ANZ’s latest housing market ...

Interest rates are “normal”: RBA

Interest rates are officially heading back towards ‘normal territory’, according to the RBA’s deputy governor Ric Battellino. Speaking at the 2...

Westpac rate rise necessary: Kelly

Westpac’s chief executive Gail Kelly has said the major’s latest rate rise was necessary despite its unpopularity. Speaking at the bank’s annua...

Melbourne best performing city for investors

Affordability is the word when it comes to considering long term investment returns, according to Residex. The company’s chief executive officer Jo...

Perth property prices soar

Perth's median house price is heading back to the peak level it achieved in December, 2007 according to preliminary research by the Real Estate Instit...

Real estate biggest contributor to economic recovery: ABS

The real estate industry has played a large part in the economic recovery, according to figures from the Australian Bureau of Statistics (ABS). The l...

Fair Work Bill splits agents

Agents are divided on the impact of the government’s forthcoming Fair Work Act which will change the way real estate professionals are remunerated. ...

Housing construction improves slightly

The government’s first home owner boost, together with very low variable mortgage rates, has helped to drive an increase in the percentage of detach...

Summer market not so hot

Despite strong property activity over the last few months, the market is expected to cool down over Christmas before taking off again in 2010. Over t...

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