Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
How millennials’ digital habits and home ownership trends have impacted the Australian property market
Millennials are a digitally savvy generation, going online to shop, socialise and work. So it is little surprise they would seek out digital alternatives in real estate, too.
Real estate industry leaders react to Victoria’s roadmap out of lockdown
Melbourne's real estate industry is set to see a lockdown-related milestone on October 26, as on-site outdoor auctions…
Singapore and Hong Kong buyers set to underpin Sydney’s prestige market
Buyers from Hong Kong and Singapore will help propel Sydney's residential and commercial markets into 2022, according to…
New home sales remain strong in August
The HIA New Home Sales report shows a strength in new home sales during August, however sales remain…
Victoria’s roadmap: On-site auctions back in Melbourne from October 26
The auctioneer's hammer is expected to fall out the front of Melbourne properties again in late October, after…
Clearance rate improves across higher volumes
With one-on-one inspections now permitted in Melbourne, auction volumes have increased slightly this week while the combined capital…
Gateway approval for new Chatswood development
Heworth Holdings Group has received approval for a 25-storey residential and commercial development in Chatswood, Sydney.
More retirees have large mortgages but fewer are downsizing
Fewer retirees are looking to downsize this spring selling season, according to the REIA, with listings down 20-40…
Australia’s population growth rate is the slowest in more than 100 years
Australia's population only marginally grew in 2020, primarily due to the impact of international border closures on overseas…
Home inspection rules ease as Victoria hits 70 per cent vaccination milestone
Locked-down areas in metropolitan Melbourne and Ballarat will be able to resume real estate inspections by appointment from…
Plans lodged for Mermaid Beach to become a luxury hub
House prices have soared by almost 20 per cent
House prices have inflated by a whopping 18.4 per cent over the year to June, according to the…
Buxton Real Estate Group expands into Melbourne’s Inner West
Buxton has welcomed its 23rd residential office in Victoria, focused on servicing the Inner West Melbourne market
Sydney sees newfound confidence as new listing rates improve
The NSW Government's pathway out of lockdown has instilled newfound confidence in Sydney residents, according to REA Group's…
Domain set to acquire Insight Data Solutions
Domain has announced it has entered into a binding agreement to acquire Insight Data Solutions (IDS) by October…
Australia’s third largest bank NAB increases fixed rate
NAB has increased its fixed rate by up to 0.3 per cent, with a new lowest rate of…
Sustainable homes celebrated at HIA’s GreenSmart Awards
The Housing Industry Association (HIA) has acknowledged the sustainability and environmental efforts of construction and building specialists in…
New Rexlabs technology takes the hassle out of database targeting
Since COVID-19 hit Australian shores, securing listings has become increasingly tough for real estate agents. It’s more important…
Australia’s residential price growth rate is the seventh highest in the world
Australia and New Zealand were both in the top 10 countries to see the highest rate of annual…
What $1 million will buy you around the world in 2021
While Australia's house prices continue to rise, Ray White Chief Economist Nerida Conisbee has considered whether you could…
New industrial precinct at Burleigh Heads has seen early buyer interest
Despite being due for completion in 2022, 55 per cent of units have already sold in a new…
Culture starts at head office
Former recruiter and Raine & Horne Group's NSW Network Manager, Travis Wentriro, has shared his support for the…
The Reserve Bank rejects suggestions cash rates will lift sooner than expected
Governor Philip Lowe has shut down suggestions the Reserve Bank of Australia (RBA) will lift the cash rate…
Sydney vacancy rates plummet to the lowest level in more than three years
Vacancy rates in Sydney have dropped down to 2.6 per cent, hitting the lowest level since 2018.
Ray White celebrates women in real estate
Ray White has launched their first 'Journeys' webinar, sharing the motivational stories of the group's top women.
Western Australians are encouraged to ‘look West’ in new REIWA media campaign
A new advertising campaign encourages Western Australians to 'look West' on reiwa.com.au for their property needs.
Major changes to franchise laws will significantly impact the real estate industry
Important changes to Australian franchise laws, introduced in July, will impact both franchisors and franchisees, regardless of expansion…
Housing affordability continues to rapidly decline in New Zealand
Record house price growth across NZ has led to rapidly declining affordability with little sign of easing, despite…
Keeping the promise to reopen Australia is the key to boosting vaccination rates
Builders and other trade professionals don't believe the Government will uphold their promise to reopen once an 80…
Could Vic lockdowns create the risk of an unregulated environment?
Ray White Victoria’s chief executive officer has expressed concern the current lockdown restrictions affecting real estate in Melbourne…
Auction volume and clearance rate enjoy slight increase
There has been a slight increase in auction volume this week as the preliminary clearance rate also took…
Former pizzeria owner serves up a point of difference for R&H in Hurstville
Raine & Horne has announced former pizzeria owner Chris Arvanis will join Jake Harrison to head up a…