National
Real estate news from across Australia – market shifts, regulatory changes, and industry developments that affect property professionals nationwide.
Industrial and logistics real estate market tipped to skyrocket
Australia looks likely to be the major beneficiary of booming investment in the logistics and industrial real estate market, according to a new report by JLL..
High Court dismisses appeal over real estate restraint of trade
A legal case that serves as a warning for both real estate business owners and employees has come…
Value of Australian housing market surpasses $9.1 trillion
The value of the Australian housing market has increased more than $1 trillion in the past five months,…
Office occupancy rates call for CBD recovery
As lockdowns on the East Coast begin to wind back, there have been calls for workers and businesses…
National rental vacancy rate clocks up its fifth month at just 1.7 per cent
The national vacancy rate remains low, clocking up its fifth consecutive month at just 1.7 per cent, according…
APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
Will there be a real estate lockdown legacy in Sydney and Melbourne?
Property market commentator Simon Pressley has warned of a lockdown legacy in the making due to the exodus…
Industry leaders analyse what RBA decision means for real estate market
The Reserve Bank of Australia (RBA) has maintained its record low cash rate at 0.1 per cent, with…
Busiest auction week since mid-July as Melbourne records its second highest clearance rate this year
CoreLogic has reported this was the busiest auction week since mid-July, with the preliminary clearance rate also on…
REIA claims the Government bolsters its coffers at housing affordability’s expense
Real Estate Institute of Australia (REIA) President Adrian Kelly believes stamp duty has become the antiquated blight of…
Sydney sellers cash in with 97.6 per cent of housing resales selling for a profit in June
In Sydney over the June quarter, 97.6 per cent of houses sold for a nominal gain, the highest…
Real estate industry leaders weigh in on stamp duty reform
Industry leaders have provided official submissions on behalf of the real estate sector, discussing stamp duty changes and…
School zones create a house price premium
New Domain research has found many school catchment zones continued to add a significant premium onto already spiking…
Harcourts Australia partners with Realhub to launch a new proptech offering
The Harcourts Australia network aims to assist agents and property managers with a new digital proposals and listings…
Local Property Team offers new business model that’s local by name and nature
With a career spanning more than 17 years, encompassing the gamut of real estate companies and positions, Local…
Highest auction clearance rate since March
A sharp drop in the number of withdrawn auctions in Melbourne and Canberra has resulted in the highest…
Online offer management platform, Market Buy, has come of age
In the five years since Market Buy’s first external sale, the pioneers of online offer management have celebrated…
New and total listings drop across Australia as national rental supply nears all-time low
The Australian rental market has become increasingly competitive as available rental supply continues to sharply decline over 2021.
How millennials’ digital habits and home ownership trends have impacted the Australian property market
Millennials are a digitally savvy generation, going online to shop, socialise and work. So it is little surprise…
LJ Hooker celebrates its 93rd anniversary by partnering with Lifeline
LJ Hooker has announced an official partnership with Lifeline, which is aimed at helping the charity’s crisis support…
Clearance rate improves across higher volumes
With one-on-one inspections now permitted in Melbourne, auction volumes have increased slightly this week while the combined capital…
More retirees have large mortgages but fewer are downsizing
Fewer retirees are looking to downsize this spring selling season, according to the REIA, with listings down 20-40…
Australia’s population growth rate is the slowest in more than 100 years
Australia's population only marginally grew in 2020, primarily due to the impact of international border closures on overseas…
House prices have soared by almost 20 per cent
House prices have inflated by a whopping 18.4 per cent over the year to June, according to the…
Sydney sees newfound confidence as new listing rates improve
The NSW Government's pathway out of lockdown has instilled newfound confidence in Sydney residents, according to REA Group's…
Domain set to acquire Insight Data Solutions
Domain has announced it has entered into a binding agreement to acquire Insight Data Solutions (IDS) by October…
New Rexlabs technology takes the hassle out of database targeting
Since COVID-19 hit Australian shores, securing listings has become increasingly tough for real estate agents. It’s more important…
The Reserve Bank rejects suggestions cash rates will lift sooner than expected
Governor Philip Lowe has shut down suggestions the Reserve Bank of Australia (RBA) will lift the cash rate…
Housing affordability advocates condemn Liberal MP Jason Falinski’s ‘prejudiced’ objections to social housing reform
A coalition of housing affordability advocates have rejected the "prejudiced" comments made by Jason Falinski, MP for Mackellar
Major changes to franchise laws will significantly impact the real estate industry
Important changes to Australian franchise laws, introduced in July, will impact both franchisors and franchisees, regardless of expansion…
MRI Software acquires Box+Dice
Global real estate software provider MRI Software has acquired customer relationship management platform Box+Dice, in a move that…
Auction volume and clearance rate enjoy slight increase
There has been a slight increase in auction volume this week as the preliminary clearance rate also took…