The Western Australian government's appointment of Michael Mischin as the new minister for commerce has been welcomed by the Real Estate Institute of Western Australia (REIWA).
The second half of 2012 saw a 7.6 per cent increase in the transactions of residential real estate, with 389,069 dwellings sold across the entire 12 months.
The state government has unveiled new guidelines to provide owners of rural real estate around Sydney and New South Wales options to develop their land.
Rural real estate has seen an increase in demand, with seven out of eight of the formerly government-owned Mary Valley properties going into private ownership.
The Real Estate Institute of New South Wales (REINSW) has warned that property agents should be on alert for identity fraudsters, resulting in vendors now being required to have their identity verified by going ahead with a sale.
Figures have indicated that holding onto real estate has its financial benefits, given that real estate in Brisbane has grown in value tenfold over the last 40 years.
Rental properties have seen vacancy rates maintained across Australia on 1.9 per cent for February, while there has been an increase in vacancy rates over the last 12 months.
We are deeply saddened and will greatly miss Charlie Maher, CEO of Ray White Livestock, who was an integral part of Ray White, and a close friend to many.
