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Monday, December 23, 2024

Property News

Housing affordability declines as household income stalls

Housing affordability has been on the decline for the past two decades and will continue to be an issue if household income does not increase, the Real Estate Institute of Australia warns.

ACT real estate market under increasing pressure

The ACT real estate market has been under increasing pressure due to the current COVID-19 lockdown restrictions. Chief Executive Officer of the Real Estate Institute of ACT Michelle Tynan says the biggest issue...

Gold Creek Homestead signed on for next chapter

The historic and beloved Gold Creek Homestead in Gungahlin has been signed into new hands, after remaining vacant for years. After much negotiation with the community, the 140-year-old northside precinct located off Gungahlin...

New home sales drop sharply in July

New home sales tumbled 20.5 per cent in July compared to a month earlier, with declines experienced in almost all major states.

ACT vacancy rates close to multi-year low

Domain’s rental vacancy report shows rental vacancies in Canberra have remained steady over the quarter at 0.7%, down from 1.1% this time last year.

Canberra median house price cracks $1 million

Canberra’s median house price has continued to climb, surpassing the million-dollar mark for the first time in the June quarter of this year. According to Domain’s house price report, the median price for...

A landlord’s market: Canberra rents still highest of the capital cities

Canberra remains the most expensive capital city in the country to rent, with asking rents again surging to an all-time high in the ACT.

Ray White Commercial Canberra enters ACT market

Ben Faulks of Ray White Canberra and the team formerly known as LJ Hooker Commercial Canberra have joined forces for a new venture.

Canberra house prices: auction median eclipses $1 million

The national capital experienced its busiest June on record with an auction clearance rate of 86.7% and a median sale price of $1.014 million.

Stamp duty abolished in ACT for off-plan purchases under $500k

The move will see a component of stamp duty concessions introduced as a COVID-19 stimulus measure for the construction industry made permanent.

Advocacy groups welcome ACT landlord tax exemptions

Social policy and housing advocacy organisations have welcomed the extension of land tax exemptions for landlords who provide cheaper rentals but warn there is more work to do in solving the ACT’s housing crisis.

Canberra’s clearance rate remains on top: Weekly market wrap with Sam Dodimead

CoreLogic data for the week ending 9 May reported the second highest number of properties auctioned this year.

Buyers turn to unit market: Weekly market wrap with Sam Dodimead

Data from CoreLogic found values of Canberra houses increased by 2.1% and unit values increased by 1.2% during April.

ACT finalists named for REIA awards

Director of local real estate agency Maria Selleck Properties, Maria Selleck, is in the running to be named residential salesperson of the year at the Real Estate Insitute of Australia’s (REIA) awards.

The changing face of real estate: Weekly market wrap with Sam Dodimead

The changing face of real estate. Since the invention smart phones, social media and the internet have become entrenched in our lives.

Real estate industry affected by Facebook ban

Real estate organisations have been affected by Facebook’s decision to ban Australian news content from its platform, with the Facebook pages of Domain, Allhomes and realestate.com.au all obstructed.

HomeGround looks to expand

HomeGround Real Estate Canberra is looking to grow their ethical agency, which has been positively impacting the lives of tenants.

REIACT awards celebrate innovation and adaptation

The ACT’s real estate sector came together last night, Saturday 21 November, to celebrate its achievements and recognise outstanding performers in a year that has changed the way real estate has had to be done.

Multi-unit sites snapped up at Ginninderry auction

Local builders have snapped up four sites at Ginninderry, at an auction that saw the development achieve a 100% clearance rate. The four multi-unit sites at the Ginninderry suburb of Strathnairn went under...

HomeGround celebrates one year in Canberra

HomeGround Real Estate Canberra is celebrating one year of providing Canberrans with affordable rental properties, with around 100 tenancies currently participating in the scheme. They are encouraging more landlords to consider renting out...

Real estate industry urged to back virus-tracing app

The Real Estate Institute is urging urged anyone involved in the real estate industry to download the Australian Government’s new COVIDSafe app.

Onsite to online auctions: ACT real estate industry adapts

New COVID-19 rules, announced by the Prime Minister on Tuesday night (24 March), now prohibit public open homes and onsite or in-room auctions.
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