Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 nation's official cash rate on hold at 0.1 per cent will continue…
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…
Nerida Conisbee: Where can I find a luxury home?
Seven Spring styling tips for your outdoor space
Sherpa Property Group launches new Palm Beach project
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…
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