Lead Estate Agents announces merge with Tanner RE.

Lead Estate Agents will merge with Independent Agency, Tanner, it was revealed Wednesday. The deal will result in the creation of one of the largest independent offices in the area. Both teams will seek to take advantage of combining their successful sales and rental departments while substantially increasing their footprint and further growing the brands…

Home prices are falling across the country while listing numbers increase.

While Australian auction clearance rates appear to be rebounding, led by a noticeable improvement in Sydney, that’s yet to have a meaningful impact on prices which continued to fall last week. According to CoreLogic, the prices across Australia’s five mainland state capitals fell by 0.1% last week in average weighted terms, taking the decline over…

Property – The largest economic footprint in the Australian economy

Consulting firm AEC has crunched the latest numbers on the property industry and its contribution to GDP and GSP, and has found that the property sector has the largest economic footprint of any sector of the Australian economy. As an economics refresher, GDP and GSP (Gross Domestic Product & Gross State Product), is the total…

The Hangover: Australia. We’re facing twice that of the USA…

The party is finally winding down for Australia’s housing market. How severe the hangover is will determine the economy’s fate for years to come. After five years of surging prices, the market value of the nation’s homes has ballooned to $7.3 trillion – or more than four times gross domestic product. Not even the U.S. and…

Are you ready for a transitioning real estate market?

Earlier this year we predicted a cooling in the housing market. Well it seems that it has arrived in Adelaide and its happening now. We have now entered a transitioning market. What are the signs; September quarter figures show a drop of 0.3% in SA property prices. Might not seem like much but it’s the…