Regions outstripped Melbourne in June quarter, as metropolitan price growth abates

New REIV data for the three months ended 30 June 2018 reveals that median house price performance in regional Victoria outstripped that in Melbourne. While median house prices in the state’s regions rose 4.0 per cent to $419,500, they dipped by 0.6 per cent to $840,000 in the Melbourne metro area. The result in Melbourne […]

Is real estate really one of the least trusted professions in Australia?

The real estate industry has a public perception problem, with new figures showing that agents have one of the least trusted professions in Australia. A recent report by Roy Morgan revealed that only 7 per cent of Aussies rank agents highly for their ethics and honesty. Agents scored just above advertisers and car salesmen as least […]

‘Broke’ agents leaving Purplebricks in droves

“Broke” real estate agents are quitting British disrupter Purplebricks in droves as the fixed-fee agency’s low-margin, high-turnover business struggles to achieve enough sales amid a slowing Australian housing market. Research by The Australian Financial Review found at least 27 agents had quit Purplebricks Australia since March with overall agent numbers now down to 88 from 105 […]