Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
REIWA says State Budget misses opportunity for bold stamp duty reform
REIWA has voiced its disappointment that the WA Budget lacks bold housing reform, despite the state boasting a…
Australians have slash credit card debt by $1.11 billion in lockdown
Australians have reached the lowest level of national credit card debt for the first time in 17 years,…
Australia’s property market defies logic
Real estate experts believe traditional property valuation metrics and sales performance don't provide an accurate prediction of property…
Property seekers remain undeterred as buyer demand reaches an all time high
Buyer demand and email enquiries from property seekers have reached an all-time high despite lockdown restrictions in some…
Ray White Prestige Palm Beach principal Noel Nicholson’s son Jimmy starred in The Bachelor Australia
Ray White Prestige Palm Beach Principal Noel Nicholson appeared on the latest season of The Bachelor Australia, where…
The impact of discrimination in the private rental sector
Discrimination towards tenants in the private real estate sector has been highlighted by new AHURI research, but an…
Rental affordability improves across Australia
Rental affordability improved marginally across Australia by 0.3 percentage points over the June quarter, according to REIA.
Cash rate steady as housing remains ‘one of the few positive indicators’
CoreLogic Research Director Tim Lawless shared his reaction to the Reserve Bank of Australia maintaining their cash rate…
‘Locked down and locked out’: REIV campaigns to open real estate safely
The Real Estate Institute of Victoria (REIV) has mounted a campaign against property market restrictions on behalf of…
Reserve Bank of Australia maintains historic cash rate hold of 0.1 per cent
The RBA announced the national interest rate will remain on hold at the historic low of 0.1 per…
RBA’s cash rate hold of 0.1 per cent will motivate Australians to look into refinancing
Mortgage Choice and Smartline CEO Susan Mitchell said the Reserve Bank of Australia's (RBA) decision to keep the…
Construction Commences on $45 million Vantage Burleigh
Construction is underway on the $45 million residential project Vantage Burleigh on the Gold Coast.
City buyers expected to spring at Stanwell Tops coastal escape
Ongoing lockdowns are seeing Sydney buyers consider a shift to the Northern Illawarra.
Sydney homebuyers might have to find another $76,600 in the next 12 months
Experts in Finder's RBA Cash Rate Survey have estimated property prices are set to rise an additional 8…
Parramatta CBD to be enhanced by major development
A 47-storey office tower, which will result in the growth of Parramatta's commercial centre, has been given the…
Radio personality Jo Lynch leaves the airwaves for real estate career with LJ Hooker
Gold Coast radio presenter, Jo Lynch, has joined LJ Hooker Coolangatta | Tweed as a sales and marketing…
Construction loans continue to fall in July
The majority of HomeBuilder projects have now finished, resulting in the number of construction loans falling in July,…
Vast majority of experts say vaccine passports are an economic necessity
Vaccine passports will be an essential tool for economic recovery, according to experts in a new poll from…
Lower volumes lift the auction clearance rate
Auction volumes have dropped this week, but the clearance rate has risen, with 1535 properties taken to auction…
Homeowners can now receive digital property appraisals within minutes
Raine & Horne have launched a new digital property appraisal platform, wanting to create a safer and more…
Fifth generation family continues Chippendale Group legacy with new Palm Beach project
The Gold Coast's Palm Beach has a been a hotspot for developments in recent years. This fifth generation…
Brisbane agency makes the switch to LJ Hooker
Melbourne’s student housing reduced to “skeleton skyscrapers” amid international border closures
Border closures that stopped thousands of international students studying at Australian universities, has reportedly caused entire buildings to…
Hangover from previous rental assistance could render new initiatives inadequate
REIACT has tentatively welcomed the announcement of rental assistance incentives for both residential and commercial tenancies.
How has the current housing market coped with lockdown compared to 2020?
The past year saw remarkable levels of adaption in the real estate sector, according to CoreLogic. But are…
First-home buyers flee as property prices continue to surge
First home buyer numbers have plummeted over July as the housing affordability crisis continues, according to REIA president…
Lockdown not a predictor of low national vacancy rates
While national vacancy rates remain steadily low in August, capital cities have seen varying rates that are not…
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