Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Knight Frank buyer survey shows cities could be all the rage again
Knight Frank’s Global Buyer Survey has analysed the impact that Covid-19 has had on residential buyers’ attitudes to purchasing homes around the world.
Record gains and very little pain for New Zealand property sellers
New Zealand home owners are pocketing a record level of gross profits from property resales as the country's…
Raine & Horne has celebrated a milestone 12 months
Raine & Horne secured almost 17,500 listings across Australia in the last financial year, while also adding 120,000 properties under their management.
Westpac is the first major bank to cut their variable home loan rate to 1.99 per cent
Westpac has become the first big four bank to offer a variable home loan rate under 2 per…
What current property market trends tell us about the future of Australian real estate
The Agency CEO Matt Lahood joked the property market's progress was "not bad at all", considering how many…
Northern Beaches house prices soaring over $10,000 per week this year
Sydney's affluent Northern Beaches have seen significant median house price changes, rising around $10,000 each week, even amid…
Withdrawals see clearance rate drop to lowest level since July 2020
This week saw the lowest preliminary clearance rate recorded since July last year, with only 63.3 per cent…
A green light for $150M luxury development on the Gold Coast’s Golden Mile
Gold Coast City Council has approved plans for a $150 million luxury development along the Broadwater, which has…
REIACT and the Attorney General urge tenants and landlords in Canberra to work together in lockdown
REIACT supported Attorney General Shane Rattenbury' suggestion tenants and landlords in Canberra will have to work together amid…
Housing affordability expert warns millennials are likely to be trapped in the rent cycle forever
Housing ing affordability Ian Ugarte has warned young people not to "rely on the bank of mum and…
The Gold Coast recorded a year’s worth of new apartment sales in three months
Research commissioned by Colliers has shown the Gold Coast reached almost $800 million in new apartment sales in…
Lockdowns lead to lower seller confidence but buyers remain keen for more
The REA Insights Listings Report August 2021 analysed new listings in order to deduce the latest market supply…
Startup Propps welcomes a new chief operating officer and operations manager
Proptech start-up Propps has announced the appointment of their new COO Jonathan King and their new OM Matilda…
Stone Real Estate grows office count from three to 50 in five years
Stone Real Estate just hit a major milestone of 50 offices, as the company overhauls its branding strategy…
HTW creating new technology for commercial property valuations
Herron Todd White are developing a web-based platform for commercial property valuers offer customers shorter wait times on…
What could burst the Australian property market boom?
Ray White chief economist Nerida Conisbee has investigated whether anything could bring Australia's current property market growth to…
What does the Spring selling season look like for states in lockdown?
Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across…
Pandemic and climate change to have lasting impact on the real estate industry
The pandemic and climate change are impacting so heavily on the nation that the real estate industry is…
Herron Todd White: Property clock shows almost all markets in positive position
Most residential markets have remained in the rising-to-peaking sector of the national property clock, according to Herron Todd…
RE/MAX Australia takes award announcements online
RE/MAX Australia have virtually congratulated their 2021 six-month award winners, highlighting the achievements of nationwide offices.
NSW Government $17 billion infrastructure plans for economic recovery
The NSW Government confirmed the approval of $17 billion worth of infrastructure, including thousands of new homes
The Perth suburbs where it’s cheaper to buy than rent
It cheaper to buy a home than rent in 112 Perth suburbs, according to the REIWA.
Knight Frank appoints new Senior Sales Executive to their Prestige Residential team
Real Estate agency Knight Frank have appointed Duncan Schieb to the role of senior sales executive in their…
Turner Real Estate acquires Bowman Morse Real Estate in North Adelaide
Turner Real Estate has continued its expansion in South Australia, adding a third office after acquiring North Adelaide's…
Inner West real estate firm Raine & Horne Concord launches expansion into Strathfield
Raine & Horne's Inner Western Sydney offices, Concord and Strathfield, have merged, with the combined firm to be…
Local Merewether agent David Tanchevski opens his fifth office in Newcastle
Local real estate agent David Tanchevski has opened his fifth office three years, servicing the Newcastle region.
REIA welcomes the housing affordability and supply inquiry
The Real Estate Institute of Australia (REIA) has welcomed the House of Representatives Standing Committee on Tax and…
Housing affordability and supply in the spotlight
Housing affordability is set to be the focus after an inquiry into Australia’s housing supply was announced late…
Mortgage broker platform Effi announces new partnership with Finty
AI-powered fintech Effi has formed a partnership with comparison website Finty, aiming to match consumers looking for a…
Strong interest for commercial investment properties in NSW despite lockdowns
Strong demand for investment properties in New South Wales has been maintained despite lockdowns, according to Knight Frank.
First home buyers in NZ will suffer from the Reserve Bank’s surprise decision on mortgage deposits
RBNZ's decision to reduce the number of owner-occupiers that can get a mortgage with less than a 20…
Auction clearance rate lower as markets navigate lockdowns
The volume of properties taken to auction was slightly higher this week, but the clearance rate dropped marginally…
DiJones appoints new Head of Sales and Chief Operating Officer
DiJones has appointed Mark Horvat to Head of Sales and promoted Brent May to the newly created role…