Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
18 – 29 year olds account for more than one-third of all first home buyers
Millennials and Generation-Z hold a significant proportion of the first home buyer market, despite rising property prices.
Highest auction clearance rate since March
A sharp drop in the number of withdrawn auctions in Melbourne and Canberra has resulted in the highest…
Property Council of Australia supports international students returning to NSW
The return of international students will significantly benefit inner-city residential and commercial vacancy rates across the country, according…
REIA calls on government to address regional housing supply
The Real Estate Institute of Australia are putting the pressure on the Government to address the regional housing…
The five best locations to invest in Australia with houses under $650,000
Property investment adviser Grant Foley has revealed five Australian locations where you can purchase freestanding houses for under…
Recent homebuyers are more likely to rent out part of their property for additional income
New US-based research has found recent homeowners have been finding increasingly creative ways to generate income and offset…
Propic appoints David Choi as Chief Commercial Officer
Property intelligence start-up Propic has appointed David Choi as their new Chief Commercial Officer and Strategist with an…
Homegrown PropTech platform drives digital land sales
Oliver Hume has launched a new Proptech platform, allowing buyers to pay deposits online, without visiting a sales…
Downsizers can avoid stamp duty when purchasing in land lease communities
Downsizing.com.au has published a report analysing the savings on offer for new homes in new land lease communities
Sydney-based Chadwick Real Estate expands with new Hornsby office
Chadwick Real Estate has opened a fourth office in Hornsby, ready to take advantage of the high demand…
Why local businesses should communicate with customers via text messages
There are an estimated 3.8 billion smartphone users in the world, with 80 per cent of Australians using…
New and total listings drop across Australia as national rental supply nears all-time low
The Australian rental market has become increasingly competitive as available rental supply continues to sharply decline over 2021.
South-East Queensland’s population is booming, while Victoria’s declines
Victorians continue to migrate out of the state, as Queensland welcomes nearly 44,000 new residents since March 2020.
Five key recommendations to promote economic recovery in Western Sydney
The Property Council of Australia has provided five key recommendations for Western Sydney's economic recovery when restrictions ease
Sarah Wotton joins DiJones Southern Highlands
DiJones Southern Highlands has welcomed sales agent Sarah Wotton to the team.
Property investors expect house prices to continue rising
The 2021 PIPA Annual Investor Sentiment Survey has revealed investors still believe it's a good time to invest.
Perth’s most affordable house prices compared to Melbourne and Sydney
Perth is known to be one of the most affordable cities in Australia to buy a house, but…
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…
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…