Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Dwelling approvals fall in three months to July but still higher than pre-COVID levels
Approvals to build new houses, apartments and residential dwelling has dropped by 13 per cent, according to the Housing Industry Association.
New children’s book helps kids cope with the stress of moving
Real estate platform Zillow has published an e-book to help young children understand and cope with the stress…
National home prices continue to rise but housing boom is slowly losing steam
Affordability constraints, rather than lockdowns, have slowed but not halted the rise in property values, according to the…
Realtor has named Leslie Jordan as their new Chief Product Officer
US-based real estate platform Realtor.com has announced Leslie Jordan was appointed as their new Chief Product Officer (CPO).
CBA slashes interest rates in popular savings accounts
The Commonwealth Bank has announced another interest cut in savings accounts, which are set to benefit young people…
Property inspections critical for the health of Victoria’s real estate sector
REIV has urged the Victorian Government to allow private one-on-one property inspections, as a part of lockdown measure…
WA real estate’s best celebrated at 2021 reiwa.com Awards Ball
The Real Estate Institute of Western Australia has celebrated the state's top agents at the 2021 reiwa.com Awards…
Atlas by LJ Hooker announces two new partners
Atlas by LJ Hooker has announced two new partners who will further lead the development and growth of…
20-year analysis shows housing affordability continues to decline but rental affordability stable
The Real Estate Institute of Australia (REIA) has crunched the numbers and found housing affordability has been on…
REIV labels Commercial Tenancy Relief Scheme ‘lop-sided’
The Real Estate Institute of Victoria has lashed out at the State Government, stating they have again ignored…
Melbourne withdrawals weigh heavily on auction clearance rate
Scheduled auction volumes might have increased this week, but with 64.3 per cent of all Melbourne auctions withdrawn,…
The ACT real estate industry can bring new properties to the market as restrictions ease
As of midnight, ACT agents can arrange a building inspection, EER reports and photography and videography.
Regional housing affordability is deteriorating faster than capital cities
HIA has found the affordability of regional housing is deteriorating at a much faster rate than capital cities
A new app provides support to real estate professionals struggling with mental health
Domain have partnered with Rise to create a free mental health resource designed especially for real estate professionals,…
DiJones announces their expansion into Illawarra
DiJones has announced a new office in the Illawarra region, opening their doors in the sought-after Wollongong market.
The vexing issue of vaccination: How the real estate industry is tackling the issue
How should the real estate industry approach the issue of vaccination? We put the question to some of…
LJ Hooker office achieves $150 million of sales in first year of business
LJ Hooker Queanbeyan has achieved $150 million in sales within their first year of opening.
Record quarter for detached home construction in June
Detached house construction has surged in the June quarter, reaching the highest level on record.
Rising home loan rates will cause more Australians to need financial assistance
Almost 150,000 Australian households would need financial assistance if home loan rates increased, according to new Finder research.
NSW will allow property inspections as lockdown restrictions ease
Some NSW lockdown restrictions will ease on Monday, including allowing house inspections, as Health Minister Brad Hazzard has…
REIV and Hutly now offer digital signature alternatives throughout Victoria
REIV and Hutly provided a non-contact alternative for signing official documents, releasing digital signatures on all VicForms documents
Agents back Homely’s expansion into Tasmania
Where is the next Byron Bay?
Ray White chief economist Nerida Conisbee has analysed which beachside suburbs are about to see a Byron Bay-style…
Westpac warns Australia’s housing market is losing momentum
Australia’s housing market has fallen into “tricky territory” amid lockdowns and the affordability crisis, says Westpac's Quarterly Housing…
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…
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…