The Daily Brief today is a brief wrap of the top stories for Friday, 26 April 2024. The post Is higher inflation a blip on the radar? Tenant deaths in rental properties, Real life pirate island hits the market, plus news and more appeared first on Elite Agent ..read more

Inflation figures released today are likely to see interest rates remain high for longer, according to experts. The Consumer Price Index climbed 1 per cent in the March quarter and 3.6 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS). According to ABS Head of Prices Statistics Michelle Marquardt, the sticky CPI rate was higher than the 0.6 per cent rise in the December 2023 quarter.  “Annually, the CPI rose 3.6 per cent to the March 2024 quarter,” she said. “While prices continued to rise for most goods and services, annual CPI inflation was d ..read more

Low-income earners are doing things tough at the moment, with a new report finding minimum wage earners could only afford less than one per cent of rental properties. Anglicare’s Rental Affordability Snapshot found that of the current 45,115 rental listings in Australia, only 289 were cheap enough for a person earning a full-time minimum wage to comfortably afford, leading to calls for the government to increase social housing numbers. The numbers were even worse for those on government support, with only 89 properties (0.2 per cent) affordable for those on the Age Pension, while just 31 (0.1 ..read more

The number of cranes across city skylines is now at the second-highest level on record, signalling a rebound in confidence from developers. The RLB Crane Index hit 204 in the first quarter of 2024, representing 869 cranes in the air, with 540 from residential projects and 329 across commercial asset types.  Ray White Group Head of Research, Vanessa Rader, said the high signalled a rebound in confidence for construction across the country, with urgency surrounding residential and mixed-use developments moving ahead of other non-residential developments.  Ms Rader said Greater Sydney r ..read more

The notorious pirate Black Sam Bellamy’s island hideaway, renowned for its historical significance during the Golden Age of Piracy, is now on the market. The island, priced at US$50 million, offers a unique blend of luxury and a storied past, situated off the coast of the Florida Panhandle, according to TopTenRealEstateDeals.com. Black’s Island, once the secret refuge of one of history’s wealthiest pirates, now houses a four-star resort, complete with twenty-six waterfront bungalows, providing an exclusive Caribbean-like experience without leaving the United States. Bellamy, born in Devon, En ..read more

Property prices have hit yet another record, with the combined capital city house and unit prices rising by up to 1 per cent in the March quarter. According to the latest Domain House Price Report for the March quarter, capital city house prices jumped 1 per cent to a median of $1.112 million. Capital city units rose 0.6 per cent to a median of $637,578. For the first time, Sydney house prices have risen above $1.6 million, after climbing 2.1 per cent in the March quarter. House prices in Sydney, Brisbane, Adelaide and Perth are all at record highs, as are unit prices in Brisbane, Adelaide and ..read more

The Daily Brief today is a brief wrap of the top stories for Wednesday, 24 April 2024. The post TRG expands to projects, Record property prices, Shane Kempton on ANZAC Day, plus news and more appeared first on Elite Agent ..read more

Experienced auctioneer, Paul Tzamalis, has taken out the 2024 REIV Senior Auctioneer of the Year title and will now head to the national championships in Hobart. The Announcement: The Real Estate Institute of Victoria (REIV) congratulates Paul Tzamalis, of The Auction Company, on winning its annual Senior Auctioneering Competition this week, taking home the title of REIV Senior Auctioneer of the Year for the second time.   The REIV awarded the title to Mr Tzamalis following the two-day competition, which saw the state’s most talented auctioneers display their skills in front of an indepen ..read more

Sharnee Hundy has returned to Laing+Simmons as senior property manager as she looks to support the group’s growing state-wide network. The Announcement: Laing+Simmons has expanded its in-house property management team with the appointment of Sharnee Hundy, boosting the complete property management service it delivers through head office to its state-wide network of offices. Ms Hundy joins the corporate team as senior property manager, though she is no stranger to the Laing+Simmons family.  Previously, she helped coordinate the busy rent roll of three western Sydney-based offices as part o ..read more

Ange Hill is headed to Ray White Wilston, with the auction specialist excited to take her career to the next level. The Announcement: Renowned auction agent Ange Hill has made a significant move in her real estate career, joining Ray White Wilston to elevate her sales business to new heights. With seven years of industry experience under her belt, including a strong foundation in property management, Ange Hill’s transition to Ray White Wilston marks an exciting chapter in her journey. Originally from South Africa, Ange brings a unique perspective and a track record of excellence to the agency ..read more