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

Melbourne lockdown 112 days
News

Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year

Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales.

Sydney Australian residential auction market records busiest period
Industry News

Australian residential auction market records the busiest period in four years

The three months to June proved the busiest auction period since December 2017, according to new insight from…

Industry News

Auctions continue to net higher prices: Ray White

Regardless of whether they occur online or on site, auctions are more likely to result in a higher…

Industry News

Fewer properties taken to auction due to multiple lockdowns

There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary…

EVENT cinemas sells commercial property
Commercial

EVENT sells $79.6 million of commercial property, cinemas reeling from lockdowns

EVENT Hospitality and Entertainment, best known for the Event Cinemas franchise, has sold $79.6 million worth of non-core…

Low interest rates not solely responsible for strong property price growth
Industry News

Low interest rates not solely responsible for property price growth

New analysis from the Property Investment Professionals of Australia (PIPA) has found that property price growth is less…

Industry News

REA offers an insight into what’s changed in property management in the past 12 months

Record rental inquiries, digital inspections, and legislative changes...aside from the ongoing impacts of lockdowns there's a lot going…

CoreLogic digital RP proposals
Supplier News

CoreLogic launches their digital RP proposals platform

CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.

Industry News

Celebrating National Property Managers Day

National Property Managers Day is July 23, raising awareness of the challenge property managers face and celebrating their…

Industry News

Property Council welcomes Brisbane Olympics win

The Property Council of Australia has welcomed tonight's announcement that Brisbane will be the host of the 2032…

rent value rising in Tasmania
Industry News

Which regions have seen the highest rent value increases over the year?

CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases…

Westpac AUD outlook
Industry News

Westpac revises its outlook for the Australian Dollar

Despite a long-term upswing in the value of the Australian Dollar (AUD), Big Four bank, Westpac believes there's…

Auction day rates ray white
Industry News

Are weekday auctions the new Saturday?

Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction…

News

Openn Negotiation set to go public

Digital sales platform, Openn Negotiation is just hours away from becoming a publicly-listed company, with the real estate…

Australian rents
Industry News

National rents record highest annual growth in over a decade

Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental…

Industry News

Clearance rate steady despite lockdowns in the largest auction markets

The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the…

WA suburbs housing affordability
Industry News

Governments urged to improve planning approval times

The REIA is urging the Federal and State Governments to improve planning approval times in a bid to…

Melbourne COVID-19 auctions
Industry News

Snap lockdown thwarts Melbourne’s scheduled auction growth

Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.

domestic violence
Industry News

Property managers urged to stand up against domestic violence

The Real Estate Institute of Australia (REIA) is asking property managers to help them stand up against domestic…

Brisbane is undersupplied
Industry News

The top 10 most undersupplied metro rental markets revealed

The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available…

News

National auction volumes remain steady despite drop in Sydney

The preliminary auction clearance rate has risen to 76.4 per cent this week, with volumes remaining relatively steady…

CoreLogic Melbourne and Sydney Lockdowns
Industry News

CoreLogic investigates how the housing market reacts to lockdowns

CoreLogic has released a comprehensive overview of housing market performance through lockdowns.

Industry News

Herron Todd White issues ‘half time’ property market score for 2021

Herron Todd White (HTW) has issued their ‘half time score’ for the property market in 2021, with their…

Industry News

REA reports home sales increased by 60 per cent in June compared to previous years

Property sales have remained steady and are over 60 per cent higher than in 2020 and 2019, according…