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Real Estate Industry

Canberra couple awarded damages after wife awoken by a real estate agent in her bedroom conducting an inspection

The Canberra couple were awarded $1,500 in non-economic damages after a real estate agent entered their bedroom while the wife was in bed asleep with her infant son.
A close-up shot of a person's hands holding a set of silver house keys.

Are derelict homes part of the answer to Australia's housing crisis?

Local governments and property law experts are calling on state governments to use their powers to force the owners of vacant and derelict properties to use them or lose them.
ABC News Current
Duration: 4 minutes 16 seconds

Relief for renters could soon be on the horizon.

Domain's June quarter update has revealed while rental prices across the country are at record highs, the pace of growth is slowing. Domain's Chief of Research and Economics Dr Nicola Powell says it's probably too soon to definitively say, but there are signs the market has peaked.
ABC News Current
Duration: 3 minutes 42 seconds

Relief for renters could soon be on the horizon.

Domain's June quarter update has revealed while rental prices across the country are at record highs, the pace of growth is slowing.
ABC News Current
Duration: 3 minutes 42 seconds

These houses in Sydney have sat empty for decades, but there's 'very little' council can do about it

With official estimates putting the number of vacant and derelict homes above 100,000 across Australia, local governments and property lawyers argue they could be part of the solution to Australia's apparent housing shortage.
Updated
Derelict terrace houses covered in graffiti.

'Nope, it's not worth that': Caution urged when using real estate price guides

Those attempting to navigate the property market may be familiar with the plethora of property price guides published each month. But are they more of a hindrance than a help?
Towers of concrete, and steel in the background and a river system in the foreground.

As some investors decide to leave Victoria, first homebuyers are getting their foot in the door

Investors say they're selling properties in Victoria due to the threat of increased taxes, changing tenancy laws and rising interest rates. But Victoria's not the only state where the number of rentals appear to be falling.
Updated
A man and woman standing in front of a house

Homeless struggling to keep warm in NSW's coldest winter in decade

Crisis centres in regional NSW are calling on the government to create more social housing.
Struggling to Keep Warm, Homeless People: A man stands amid tents.
Duration: 2 minutes 23 seconds

More cashed-up foreign buyers purchase Australian property

More cashed-up foreign buyers purchase Australian property, with those from China, Hong Kong and India topping the list
ABC News Current
Duration: 3 minutes 14 seconds

Millions of property owners just made $25,000 without lifting a finger

ABS data reveals a big lift in household wealth driven by Australia's white-hot property market.
Updated
an aerial shot of a housing estate

Perth property prices tipped to soar, as cost of materials puts brakes on new builds

Property prices in Perth have reached record highs in recent months and are expected to rise even further in the coming year, with a prediction they will increase between 8 and 11 per cent.
A strangely shaped bridge across a river.

Cashed-up foreign buyers are buying more Australian property, but it's just a fraction of the market

After a downturn during the pandemic, foreign buyers are back. Most are coming from China, Hong Kong and India, with the value of transactions hitting almost $5 billion over the past financial year.
Updated
a man with short black hair and glasses wears a black suit jacket and leans on a new kitchen island table

Should housing be a human right? That's what Independent Senator wants to see happen

Independent Senator David Pocock wants to see housing become a human right in a new bill he is introducing to parliament.
Updated
A man in a suit clenches both fists while speaking from a television studio during an interview.
Duration: 3 minutes 53 seconds

Former clients engage Consumer Affairs after 'heartbreaking' conduct of Ballarat Real Estate

The ABC has spoken to 10 people about their experiences with property agent Ballarat Real Estate, alleging unethical and improper conduct, and potential breaches of the law.
A real estate agency on left and a man with crossed arms on right.

Cherie and her kids used to spend hours in bush and car parks fleeing her violent husband. Her story is not uncommon

Women escaping domestic violence often find themselves homeless, and the organisations assisting them are under increasing strain. This survivor is now returning the favour, volunteering for an organisation that once helped her. 
Updated
Cherie Finnerty, domestic violence survivor, No Limits Perth volunteer  2024-06-18

'A race to the bottom': People are turning to co-living to beat the rental market, but some say it's a slippery slope

With growing demand for share houses, some say co-living could be the alternative — but others say it's just a marketing ploy.
Co-living by Gallery Group house from their web page.

NSW government announces measures to tackle housing crisis

The announcements comes as New South Wales attempts to play catch up on its national housing targets over the next five years.
Updated
Housing Solution? Budget Measures: Shot looking up at apartment block.
Duration: 1 minute 48 seconds

Bitter council fight over Moorooka war worker homes

Home owners in a 'War Workers Housing Estate' in Brisbane will learn whether they've won the right to change their homes, this weekend.
Residents Fight Back, Heritage Listing: A sign out the front of a house calling for heritage law changes.
Duration: 1 minute 49 seconds

Sydney does it best, Hobart the worst. An urban strategist says we need to embrace apartment living

Hobart is well-known for its heritage buildings and low city skyline, but an urban strategist says the city needs to build up to improve livability.
Updated
A building in the city.

A new resources boom in the Pilbara may be good for the economy, but it's bad news for local renters

As Western Australia's mining and energy sectors shape up for their latest boom, residents in the state's mining heartland are scrambling to keep a roof over their heads after an increase to average rents of more than 120 per cent in five years.
Updated
A man carrying a box to his car.

Australians leaving the big smoke for cities like Newcastle and Geelong, and it's actually a 'pretty smart move'

With Australian households spending an increasingly large chunk of their incomes on housing, it's no wonder some of us are looking for more affordable alternatives. 
Waves crash onto Bar Beach, Newcastle.

analysis:Brisbane sheds its sleepy image with surging house values — now only second to Sydney

There's a reason Brisbane has overtaken Canberra and Melbourne for house prices, writes Ellen Fanning, who found herself in the city's cut-throat property market last year — competing with too many newcomers for a limited supply of homes.
aerial rooftops in inner suburbs

'Mismatch between supply and demand' sends house prices soaring

CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year.
Updated
a white sign with "under offer' is standing infront of a block of units

Property prices increased again in May. Here's what the housing market looks like where you live

Data from CoreLogic shows house prices increased for the 16th straight month in May. Here's what property prices look like across the country.
Updated
Houses in Brisbane street

Heritage-listed mansion set to go under hammer in first-ever sale since construction 110 years ago

Along with seven bedrooms, almost 6 hectares of gardens, and servants' quarters with a Downton Abbey-like bell system, this heritage-listed property up for auction in the Blue Mountains comes with an interesting backstory.
Updated
Large white mansion.