Powered by MOMENTUM MEDIA
realestatebusiness logo
Powered by MOMENTUM MEDIA
intro image

News

15 July 2020 Grace Ormsby and Lachlan Maddock

13 unlicensed advice warnings issued to agents

CONTINUE READING

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

news image

Belle Property confirms latest expansion

July 14, 2020Emma Ryan

Belle Property has bolstered its offering with a new office in Braidwood, NSW. ...

REB_top100agents
top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

VIEW COMPLETE REPORT

Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment (15.8%)
Yes, I've been the victim of workplace bullying (21.1%)
No (63.2%)

Total votes: 19
The voting for this poll has ended on: April 30, 2020
TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
Openn Negotiation NZ reb Real estate platform broadens national scope

A local real estate sales platform has expanded its horizons to Australia’s easterly neighbour. ...

online house buying reb Agents urged to upskill bidders and vendors on rea ...

With virtual online auctions in full steam ahead during the pandemic, one company is encouraging agents to embrace tec ...

real estate online reb Real estate platform posts 55% growth year-on-year

realestate.com.au has set a new record, increasing its audience by 55 per cent year-on-year. ...

pile documents reb REINSW launches own contract creation tool

A new online program is set to revolutionise the sales process and get properties to market quicker than ever before, ac ...

Tom Panos Live 090720 What’s Making Headlines – The week concluding ...

What’s Making Headlines is your new source for all the very latest in Australian real estate news. ...

Courtney Caulfield wEB Servicing Brisbane’s high-end market

Despite only having four years behind her as a real estate agent, Courtney Caulfield from Place - Kangaroo Point has qui ...

Tom Panos Live 020720 What’s Making Headlines – The week concluding ...

What’s Making Headlines is your new source for all the very latest in Australian real estate news. ...

Fiona Blayney WEB How this thought leader has weathered the COVID-19 ...

According to the recipient of this year’s REB Awards Industry Thought Leader of the Year, the global pandemic has prov ...

Tom Panos Live 090720 What’s Making Headlines – The week concluding ...

What’s Making Headlines is your new source for all the very latest in Australian real estate news. ...

Courtney Caulfield wEB Servicing Brisbane’s high-end market

Despite only having four years behind her as a real estate agent, Courtney Caulfield from Place - Kangaroo Point has qui ...

Tom Panos Live 020720 What’s Making Headlines – The week concluding ...

What’s Making Headlines is your new source for all the very latest in Australian real estate news. ...

Fiona Blayney WEB How this thought leader has weathered the COVID-19 ...

According to the recipient of this year’s REB Awards Industry Thought Leader of the Year, the global pandemic has prov ...

Positive Mindset in Business reb The impact of a positive mindset in the business o ...

Let’s be real: running a business or an office is stressful. Here’s a quick rundown of some insights on keeping yo ...

Cameron Black reb Lies and statistics: Has the property market actua ...

It seems like there has been a huge change of sentiment in the last month as a confluence of factors has come together t ...

short 850x400 june2019 How to get that big win

Getting a big win is more than just sales. It involves strategic planning and setting goals, according to real estate bu ...

MeganSmith 050719 cropped Ray White’s Megan Smith sells $14m property in B ...

Ray White Balmain sales dynamo Megan Smith has sold one of the most expensive houses in Australia this year, with the pr ...

sydney suburbs reb ‘Recipe for disaster’ brewing for Sydney landl ...

In good news for tenants, but far less so for landlords, COVID-19 is continuing to wreak havoc on vacancy rates in some ...

Melbourne Sydney skyline reb Sydney and Melbourne wobble as COVID-19 sets in

Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners s ...

apartments Brisbane reb Who lives in apartments?

Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light ...

Echuca Victoria aerial reb Regional town remains resilient despite COVID-19

Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry ...

EVENTS
REBAWARDS Listready
Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

Learn more >
FROM THE WEB
Recommended by Spike Native Network
Do you have an industry update?
rpm logo latest

Vacancy rates fall back in May

22 June 2017 Sasha Karen

Investment research house SQM Research has revealed vacancy rates are falling in most capital cities.

Despite seeing a rise in April, vacancy rates are mostly on their way back down for May.

The number of vacancies across Australia was 73,229, which was down from 76,959 and translated to 2.2 per cent, down from 2.4 per cent in April.

Sydney and Melbourne recorded vacancy rates of 1.8 per cent and 1.5 per cent respectively, a seven-year low for Melbourne.

Advertisement
Advertisement

The capital city with the largest vacancy rate was Perth at 4.8 per cent, followed by Darwin at 3.2 per cent, Brisbane at 3.1 per cent, Adelaide at 1.8 per cent, Canberra at 1 per cent, and Hobart, maintaining its low vacancy rate of 0.6 per cent from April.

SQM Research managing director Louis Christopher said the rates reflect rental markets that are still tight, especially in Sydney and Melbourne, where potential tenants are having difficulty finding homes, along with higher rents.

“As the table below of asking rents indicates, the trend is still up for unit asking rents in Sydney and Melbourne over the year, which are rising well above the inflation rate, given a shortage of rental properties,” Mr Christopher said.

“That’s also the case in Canberra and Hobart where a more acute shortfall of rental properties has pushed the vacancy rate down to 1 per cent and 0.6 per cent, respectively.

“Significantly, the vacancy rate remains at a very low level in Melbourne despite new apartment supply coming on to the market. In Sydney too, the vacancy rate is hovering at low levels, despite high levels of inner city apartment construction. This reflects the fact that population growth rates have been running in excess of expectations, absorbing extra stocks levels.” 

Weekly rental rates mostly steady month-on-month

Asking rates saw relatively stable numbers when compared to last month, with all rental rates for houses falling only 0.5 per cent and all units rising 0.3 per cent.

More dramatic changes can be seen when looking at the changes when compared to last month. Houses in Canberra saw a rental rate rise of 9.2 per cent and Hobart units rose into the double digits, at 14.7 per cent.

Meanwhile, Darwin and Perth units fell by 9.8 per cent and 9.5 per cent respectively.

Vacancy rates fall back in May
For rent850x400 may2017
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.