Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Perth home values skyrocket as rental pressure eases
Perth property prices have skyrocketed in January, as rental market pressure eases
Sydney city and coastal living now ‘overpriced’ in NSW
Big Brother star joins Ray White Pakenham team
Sarah Street joins the team at Highland
Homebuyers could see borrowing power slashed by $169,000
A typical couple could lose as much as $169,000 in borrowing capacity if the RBA hikes interest rates…
Property values start 2022 on the up
The typical Australian home is now worth $131,236 more than it was a year ago with values climbing…
Openn data highlights a market with sustained buyer competition
Online property sales platform Openn has taken a deep dive into their data for the final months of…
The real estate industry to focus on people and sustainability in 2022
After a year that saw both record house price growth and tough conditions, the industry needs to continue…
More than half of economists predict a rate rise in 2022
A new survey has found that interest rates could be on the rise with 58 per cent of…
Auction volumes and clearance rate on the rise
Auction volumes increased 166.1 per cent this week, with CoreLogic reporting 1160 properties were taken to auction in…
New research reveals Australia’s cheapest rental market
Adelaide is the cheapest rental market in the country where renters will need to pay just $447 per…
Foreign buyer purchases in decline, sales on the up
The latest data from the Australian Government indicates foreign buyer purchase volume dropped 19.5 per cent in 2019-20, while sales…
Hobart to lead national price growth in 2022
2022 looks set to be another strong year for property prices with Hobart set to be the standout…
Victoria home to the most tenant-friendly locations
The Melbourne fringe suburb of Hoppers Crossing has been named Australia's most 'tenant-friendly' for its close proximity to…
Soaring prices makes Port Hedland the best in the west
Port Hedland was the top-performing region in Western Australia in 2021, with house prices increasing 44.7 per cent.
No relief for Queensland’s excessively tight rental market
egions remaining much tighter than what the Real Estate Institute of Queensland (REIQ) classifies as 'healthy'.
Northern Territory property prices on the rise
The Northern Territory unit market is going from strength to strength new data reveals.
Laing+Simmons announces new office at Auburn|Lidcombe
Laing+Simmons has added another new office to its growing network with well-known local real estate identity Themy Panagiotidis…
Australia’s median house price soars past $1 million
Australia's median house price has hit a record high, soaring above $1 million according to new data.
Auction action: Brisbane agent to hold 15 auctions on one weekend
A Brisbane agent looking to make the most of tight stock levels and an excess of buyers is…
RE/MAX ready for growth in 2022
RE/MAX has had a strong start to the year, with plans to open five new offices before the…
Dynamic duo join Ray White at Bondi Junction
Riki Tawhara and Damian Camera have joined forces with Ray White promising clients will have a direct communication…
Regional Victorian house prices achieve record gains
House prices across regional Victoria have had an impressive 12 months of growth, recording the largest annual increase…
WA border delay to keep pressure on housing supply
Western Australia’s housing market will continue to remain tight following the State Government's decision to keep borders closed…
Ray White Surfers auction achieves 80 per cent success rate
Ray White Surfers Paradise Group kicked off the 2022 auction season in style with 80 per cent of…
New auction year kicks off after record December quarter
As predicted, the 2022 auction year has kicked off early, with 448 properties taken to auction nationally this…
LJ Hooker sets a new monthly record of $2.2 billion in sales
Nationally, LJ Hooker achieved $2.2 billion worth of sales in December with NSW smashing through $1 billion plus…
Sales of new detached homes in a ‘super cycle’
Sales of new detached homes increased by 11.3 per cent in December putting the level of demand in…
Kiwis eye-off Australian real estate in greater numbers
New Zealand property seekers have their eyes firmly on the Australian real estate market, outranking the US and…
Two great forces combine at RE/MAX Advanced
Carolyn Drane joins David Wereszczuk at RE/MAX Advanced to double the size of his business.
Fancy your own fairytale castle? It comes with a hefty price tag
A custom-built Gothic castle has hit the market in the United States for an eye-watering price tag of…
Auctioneer of the Year launches agency
Real Estate Institute of Queensland Auctioneer of the Year David Holmes has launched his own auction agency as…