News

A spike in sales in Melbourne has been concentrated to the blue collar or 'blue chip' suburbs as the weekend saw a sales clearance rate of 60 per cent.

The Property Council of Australia (PCA) has called for a lower threshold for renewing strata schemes in order to increase the supply of new housing and office spaces.

Housing is more affordable now that it was a year ago, according to a joint study by the Real Estate Institute of Australia (REIA) and Bendigo Bank.

Coastal real estate in South Australia is defying a national pattern, and recording significant growth in the price of coastal properties, according to RP Data.

There has been healthy growth in the price of unit and townhouses across Queensland, according to the June quarter price report by the Real Estate Institute of Queensland.

The Property Council of Australia (PCA) has been told that despite a sluggish market, some retail stores are performing well and bucking market trends.

Homebuyers may be curious to know about the rise in the cost of units and townhouses in Queensland.

First home buyers may want to consider the Australian Capital Territory (ACT) as a place to enter the real estate market, after it was named - once again - the most affordable state to buy a house. 

Despite sales of homes dropping slightly, the Real Estate Institute of Victoria (REIV) is confident things will improve as warmer months continue.

The Real Estate Institute of NSW (REINSW) has welcomed the introduction of new legislation which has made professional indemnity insurance mandatory for all real estate agents in New South Wales.

Changed from the First Home Owners Grant, the FHOCG is designed to stimulate the real estate sector if people buy newly-constructed or off the plan properties.

The opening of a new leisure facility in Victoria may be of interest to homebuyers in the state.