Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
How competitions could land your business in hot water
Competitions are a sure-fire winner when it comes to attracting customers, building brand awareness, and increasing traffic -…
Queensland agents roll up their sleeves for REIQ Red Cross Lifeblood challenge
The REIQ has announced the winners of their recent Real Estate Blood Challenge after 694 blood and plasma…
Fifth busiest auction week on record
The combined capital cities have enjoyed their busiest auction week since late March and the fifth busiest since…
NZ vendors achieve record profits
More than 99 per cent of New Zealand vendors sold their property for more than the original purchase…
Home building boom to continue in 2022
Australia’s home building boom is set to continue throughout 2022 despite the cost of labour and materials rising…
Richard Matthews Real Estate claims local business award
Increasing property prices see stamp duty skyrocket
Property prices have soared throughout the pandemic, as more Australians seek to achieve work/life balance, relocating to lifestyle…
Market Buy appoints John Hellaby as new CEO
The online offer pioneer, Market Buy, has announced the appointment of John Hellaby as its new Chief Executive…
Cash or crypto: vendors accepting Bitcoin ‘a natural progression’
A unique sprawling property, including a beach-house, studio and its very own island, has been listed for sale,…
APRA tells standing committee its role is not to target house prices
The Australian Prudential Regulatory Authority (APRA) has appeared before the Standing Committee on Tax and Revenue, outlining its…
Final countdown before AREAs submissions close
REA Group customers have until midnight Wednesday 17 November to finalise submissions for the Annual REA Excellence Awards…
Rising interest rates won’t burst the property market
Interest rates don’t create property booms or busts, according to new research by the Property Investment Professionals of…
What agents need to tell potential buyers about house flipping
A real estate agent’s reputation is their lifeblood, so it’s critical they give the right advice when it…
Vacancy rates fall across most of NSW, except Inner-City Sydney
Vacancy rates across Sydney and much of New South Wales have dropped this month, while the Inner Ring…
Harcourts partners with RateMyAgent
Harcourts have partnered with RateMyAgent to create benefits for their agents by increasing the volume and reach of…
Vic housing tax – From lockdown to lock out
The Victorian State Government has proposed a Windfall Gains Tax which the Housing Industry Association says will put…
Changes to money laundering laws must consider home buyers, tenants and small business, says REIA
The Real Estate Institute of Australia (REIA) has urged the Inquiry into Australia's anti-money laundering and counter-terrorism financing regime to…
Average NZ home value tops $1 million
Lockdowns have done little to dampen buyer demand in New Zealand where house values have reached a new…
HomeBuilder legacy lives on in record number of houses being built
The legacy of the HomeBuilder initiative lives on, with a record number of houses commencing construction in the…
New listings across the capitals reach highest number on record
New listings across Australia’s capital cities reached a record high in October, with sellers flocking to the market…
Australians put property buying plans on hold
Australians are putting their property buying plans on hold as the year comes to a close, according to…