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

Industry News

Domain sees spike in rental demand coming from China

New figures from Domain show Australia's vacancy rate remained stubbornly low during February, with the company reporting a spike in rental search traffic from China.

News

APRA chooses not to loosen borrowing restrictions

The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite…

News

Former Block winners to host Location, Location, Location

After nearly a decade off our screens, the property show Location, Location, Location is set to return with…

Industry News

Is the downturn over? Home values bounce back in February

Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the…

Franchise News

The Agency uses downturn to focus on expansion initiatives

The Agency reported a $950,000 loss for the first six months of the year, however CEO Geoff Lucas…

Industry News

New ABS figures reveal knockdown hotspots

The number of demolition projects in Australia is predicted to fall in the coming 12 months, but some…

Industry News

Anne Flaherty: PropTrack economist’s predictions for 2023

While 2023 is likely to be a tough year for renters, signs are starting to emerge that the…

News

The Queensland agency offering to cover six months rent or mortgage payments

With the cost of living crisis taking its toll on Australian households, one Queensland real estate agency has…

Industry News

Why the regional sea and tree change trend isn’t over yet

Predictions of a mass return to the cities following the end of the Covid-19 pandemic have been overstated,…

Industry News

Raine & Horne announces the passing of Max Raine

Max Raine, the former Chairman of Raine & Horne, has passed away at the age of 91, the…

Industry News

CoreLogic completes Plezzel acquisition

CoreLogic International has completed its acquisition of Victorian-based proptech firm Plezzel, a digital automation and lead generation platform.

News

Australia’s empty offices could be the key to solving the housing crisis

Turning empty office buildings in Australia’s CBDs into housing via a process known as asset repurposing could help…

Industry News

Westpac predicts rents will keep rising for longer

Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and…

Industry News

The real reason real estate sales figures went backwards this January

A new report from Xero showing lackluster sales figures in the real estate sector is likely a hangover…

News

Australia’s leading on-shore contact center, saving you time in your prospecting

Meson Agency’s Founder John Angelopoulos can sum up his organisation in a nutshell.

Industry News

School zones still attracting price premiums

Being in a school catchment zone could add ten per cent to a property's sale price, according to…

Industry News

Population patterns, not tax breaks, responsible for housing crisis

Australia's unique population patterns and a shortage of available residential land near jobs and services has had a…

News

REA Group expands the reach of customer wellbeing platform

REA Group’s online wellbeing space for property professionals, Prosper, is now available to all REA customers.

News

HTW property predictions: Second half of 2023 to bring stability

Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in…

News

McGrath’s half-year results: expansion, profit and market outlook

McGrath has revealed its plans to add 125 new, high quality offices to its national network as part…

Opinion

Nerida Conisbee: solving Australia’s rental spiral

We need more rental properties. The problem is that the group that funds most of them isn’t too…

News

Auction clearance rate on the rise

Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate…

News

Real estate agencies confident about business outlook this year

More than 80 per cent of Australian real estate agencies are confident in the business landscape going forward…

Industry News

Listings slide drags on Domain Group profits

The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue…

Industry News

Listings bounce back from summer slumber

New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according…

News

Cash rate not the reason for rental affordability crisis, Philip Lowe says

RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases…

Industry News

New platform allows users to invest in, trade the price movements of real estate

The Parcl Protocol, a new real estate investment platform launched this week, will allow users to trade real…

Industry News

Franchisors could be held liable for franchisees breaching workplace laws

In a move that could also have ramifications for the real estate industry, the Fair Work Ombudsman has,…

Industry News

NAB changes cash rate prediction following RBA meeting

NAB economists now predict the cash rate will peak at 4.1 per cent following RBA Governor Philip Lowe's…

Industry News

Regional price growth continuing, Domain says

New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing…

Industry News

Rose Bay mansion sale could match record price

A Rose Bay waterfront mansion is expected to hit the market with expectations of $100 million or more,…

News

Australia’s banks under intense scrutiny over interest rates

Australia’s banking sector is under the microscope with the big four bank bosses and the Reserve Bank governor…

Industry News

Nerida Conisbee: China is roaring back

China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.

News

PM Reach conference goes on the road in 2023

The PM Reach conference is back for 2023 and heading interstate for the first time, with events planned…

Industry News

PropertyMe adds tenant payment service to its property management platform

Property management platform PropertyMe has launched a new rental payment service MePay that allows agents to see rental…