Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Low interest rates not solely responsible for property price growth
New analysis from the Property Investment Professionals of Australia (PIPA) has found that property price growth is less dependent on low interest rates than commonly believed.
Record low vacancy rates continue to impact Queensland
Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy…
REA offers an insight into what’s changed in property management in the past 12 months
Record rental inquiries, digital inspections, and legislative changes...aside from the ongoing impacts of lockdowns there's a lot going…
CoreLogic launches their digital RP proposals platform
CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.
Timber construction materials surge by 380 per cent
The global construction boom has created a huge spike in timber prices, up a staggering 380 per cent.
Celebrating National Property Managers Day
National Property Managers Day is July 23, raising awareness of the challenge property managers face and celebrating their…
What the 2032 Olympic Games means for Brisbane’s property market
CoreLogic Asia Pacific research director Tim Lawless believes the 2032 Olympics should work as a positive influence on…
Property Council welcomes Brisbane Olympics win
The Property Council of Australia has welcomed tonight's announcement that Brisbane will be the host of the 2032…
The Gold Coast’s Hope Island sees new waterfront acquisition
Gold Coast developer Aniko has announced a new acquisition of a waterfront site at Hope Island on the…
Openn Negotiation successfully lists on the ASX
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases…
Waterfront Gold Coast landmark project nearly sold out
Marquee Development Partners have sold 95 per cent of their new penthouse collection on the Gold Coast only…
Westpac revises its outlook for the Australian Dollar
Despite a long-term upswing in the value of the Australian Dollar (AUD), Big Four bank, Westpac believes there's…
Are weekday auctions the new Saturday?
Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction…
Openn Negotiation set to go public
Digital sales platform, Openn Negotiation is just hours away from becoming a publicly-listed company, with the real estate…
Perth vacancy rates hit the highest level since August last year
With an increase of 1.2 per cent in June 2021, the Perth vacancy rate is at the highest…
Regional NSW asking rents soar while metro locations continue to struggle
As more Sydney-siders seek a lifestyle overhaul, asking rents are soaring in popular New South Wales towns.
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental…
Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the…
Real estate marketplace Homely.com.au partners with Raine & Horne
Real estate marketplace Homely.com.au has partnered up with Raine & Horne.
Record number of construction projects started in the March quarter
New house construction has increased by 40 per cent, compared to last year.
Property Council of Australia asks NSW to balance sustainable housing design with affordability
The Property Council of Australia has cautiously welcomed changes to the recent Design and Place State Environmental Planning…
Governments urged to improve planning approval times
The REIA is urging the Federal and State Governments to improve planning approval times in a bid to…
Adelaide is now Australia’s best auction market
Ray White Chief Economist Nerida Conisbee says Adelaide has so far recorded the highest auction clearance rate in…
Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
The Australian launches new commercial property lift-out
