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Real estate news from across Australia – market shifts, regulatory changes, and industry developments that affect property professionals nationwide.

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Martin Millard and Rochelle Adgo join Ray White

Ray White has secured two big names in real estate, with Martin Millard and Rochelle Adgo joining the network.

Industry News

Are international students behind Australia’s housing crisis?

International students could absorb 70 per cent of the new homes built in Australia between now and 2028,…

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Offices sales top industrial for most transacted

After the huge interest in industrial assets in recent years, the trend is now starting to normalise with…

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Trend towards lifestyle locations set to continue

Queensland and Western Australia are set to be the big winners as people continue to flee the big…

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An “extended pause” on the cards for interest rates

The ANZ bank has predicted the Reserve Bank of Australia will keep interest rates steady in an "extended…

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Homeowners forced to work 3.6 weeks per month just to pay their mortgage

If it feels like you’re working all week long just to end up with nothing to show for…

News

New housing construction continues to decline but costs are easing

Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to…

Industry News

Michele Bullock named new RBA Governor

Reserve Bank of Australia Governor Philip Lowe will step down at the end of his term in September,…

News

New listings rise in some capitals but down nationally

New listings and total listings may be down at a national level, but some capital cities recorded a…

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Commercial sales drop as interest rates bite

Higher interest rates have hit commercial property hard, with sales activity down 37.6 per cent on last financial…

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REA Group delivers data-enriched buyer leads to MRI Software real estate agency clients with new CRM integration

REA Group has launched a new residential agency CRM integration feature that helps agents nurture leads by providing…

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Easing rental market, but rising rents loom nationwide

Rental market conditions have eased the most since November 2020, but weekly rents are expected to continue rising.

News

REA Group acquires 100 per cent ownership of CampaignAgent

REA Group has acquired full ownership of CampaignAgent, a leading fintech company specialising in property vendor funding solutions.

Industry News

NAB lowers refinancing stress test for select borrowers

NAB has joined CBA and Westpac in lowering the stress test on selected refinance applications for borrowers who…

News

Ray White launches RWC Retail

The Ray White Group has announced the launch of RWC Retail, with the new business, aiming to provide…

Industry News

Surging demand meets limited stock: capital city clearance rates rebound

The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week…

Industry News

Four amazing tips you need to know from Elite Retreat 2023

Adaptability is the new competitive advantage, building a community around your business, developing a positive workplace culture and…

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Rents continue to rise, but growth is slowing

Record immigration and tight supply have seen rents across the country continue to rise, however, some cities are…

News

Investors urged to ‘stop chasing cash flow’ alone

With ever-rising interest rates along with cost of living pressures, investors are being warned to not focus just…

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Australia’s rental crisis persists as rents jump again

There’s still no relief in sight for struggling tenants, with rents recording a two per cent rise over…

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RBA issues a reprieve and holds interest rates

Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave…

News

Leading agent Taney Jain to established his own business

One of Australia’s top agents, Taney Jain has announced he’s departing Reliance Real Estate after nine years.

News

Property prices continue to defy rate hikes

National property prices keep on moving higher last month, despite the Reserve Bank of Australia (RBA) continuing to…

News

REA Group launches suite of AI-powered features

Popular real estate platform realestate.com.au has launched a suite of new AI-powered enhancements, including a Generative AI ChatGPT…

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Double your productivity without adding hours – with Elite Agent’s AI Powered Agent Workshop Series

Agents, property managers and leaders looking to supercharge their marketing and create content that effortlessly converts to customers,…

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It now takes 15 years for house prices to double in value

The old saying that property prices double every 7-10 years, might need to be updated, with new data…

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ACT and WA likely to see an uptick in listings

The ACT and Western Australia are likely to see the largest percentage of vendors listing their homes for…

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Sad day as :Different goes into voluntary administration

Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platform’s assets and…

News

AI could potentially lead to white-collar “Rust Belt suburbs”

The rapid rise in AI is already changing the way white-collar workers operate and it has the potential…

Industry News

Victoria dominates most in-demand suburbs

The Victorian suburbs of Berwick and Melbourne are the two most in-demand suburbs in the nation, according to…

News

Short-term and loss-making resales on the rise

Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing…

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More branded residences coming to Australia

Australia could soon see more branded residences popping up, with developments featuring the likes of the Ritz-Carlton and…

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The hotel industry rebounds as tourism nears pre-COVID levels

The hotel sector is showing signs of a return to pre-COVID occupancy levels, while room rates are also…

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Lisa Pennell appointed new CEO for Barry Plant

Lisa Pennell has been appointed chief executive officer of the Barry Plant Group just six months after joining…

News

The fibs naughty renters tell their landlords

If you’ve ever told a fib to your landlord, then you’re not alone, with a new survey finding…