Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Market Buy auction switch a virtual winner
Victoria’s snap lockdown hasn't dampened enthusiasm from prospective buyers, with a house at Mornington Peninsula selling for more than $500,000 above reserve under the hammer through virtual sales platform Market Buy last week.
RBA leaves official cash rate at 10 basis points at June meeting
The Reserve Bank has again opted to maintain its current policy settings at its monthly Board meeting, including…
Australian residential property values rise by 2.2 per cent in May
Housing markets continued to surge throughout Australia in May, with CoreLogic's national Home Value Index rising by 2.2…
Natalie Mikhael joins the LJ Hooker performance team
Natalie Mikhael has been appointed Business Growth Manager of LJ Hooker.
Planning reform could provide a $5 billion productivity boost
The NSW Property Council has welcomed the release of a new Productivity White Paper.
Jedi Master of real estate hits 40 years
RE/MAX New Zealand business owner Garry Malcolm is celebrates 40 years in the industry.
Sydney property values tipped to rise by more than 20 per cent
House prices in Sydney are forecast to rise by an unprecedented 21 per cent in 2021, with a…
REA Group does a deal for share in PropertyGuru
REA Group has announced that it has entered into a binding agreement to combine REA’s Malaysia and Thailand…
Ray White transforms the rental experience by collaborating with Snug
Rental application and inspection booking platform Snug.com, has formally announced its commercial partnership with Ray White, with the…
Top takeaways from AREC 2021 – Day 1
Thousands of real estate agents, property managers and industry professionals have converged at the Gold Coast Convention and…
Hamish Mill pulls off a hat-trick with 2021 Golden Gavel Award win
Auctioneer Hamish Mill of Williams Real Estate has performed an impressive feat, taking out the top award at…
Third busiest auction week of the year, despite Vic lockdown
Despite the announcement of a snap lockdown in Victoria, this week proved the third busiest auction week of…
REA Group ignites new lead management feature to offer agents greater insights
REA Group has announced a new lead management feature designed to offer agents deeper insights into audience behaviour.
House prices in 20 Perth suburbs highest on record
Twenty Perth suburbs have now reached their hugest median house price on record.
We ask experts how Victoria’s latest lockdown will affect the industry
With Acting Victorian Premier James Merlino announcing a snap seven-day lockdown for the entire state from midnight Thursday,…
Business conditions stable in May
Business conditions were stable in May, according to the latest ABS statistics.
Lee Dowdall joins The Agency in Hunters Hill
The Agency is continuing to grow its footprint across Sydney, with the group announcing Lee Dowdall will spearhead…
Cross-state pollination the key to success for Ray White QLD
Ray White Queensland has held its first face-to-face forum in 18 months, with members from across the state…
Detached housing and renovations surge in March quarter
House construction and renovations have surged in the March quarter.
The only way is up: Console goes all-in with Cloud and announces retirement date for Gateway
Console Group has unveiled new capabilities for its Cloud solution and announced its Gateway platform will be retired…
Buyers still have plenty of property hot spots despite Darwin’s good run
There are still opportunities for savvy investors in Darwin, according to Raine and Horne.
The lesson for Australia out of Victoria’s property tax hikes: two out of three ain’t bad
Victorian treasurer Tim Pallas’s three-pronged strategy to raise an extra $2.7 billion in property taxes over the next…
Get a first look at Luxe Listings Sydney as Amazon Prime releases trailer
Last week, Amazon Prime announced the premiere date for its hotly anticipated new real estate reality docu-series Luxe…
Second place worth celebrating at Harcourts Australia’s awards night
Harcourts Australia had plenty of reasons to celebrate over the weekend. In addition to the company hosting its…
Burleigh Heads investment gem sold prior to auction for $1.33m
An interstate investor has purchased two units at Burleigh Heads for $1.33m prior to auction.
Grosvenor place welcomes the return of Ord Minnett
Financial advisory powerhouse Ord Minnett has signed a lease deal to return to Grosvenor Place in Sydney.
City of Sydney to include energy targets in new development applications
The City of Sydney has announced an Australia-first plan to include energy targets in development applications in a…
Australian start-up pioneering AI technology in property management secures $1 million funding
Rental Heroes, a Melbourne-based prop-tech start-up founded in January 2019, has raised $1 million in a Seed Round…
2021 REIWA Awards for Excellence winners announced
More than 400 Western Australian real estate professionals attended the REIWA Awards for Excellence at Crown Perth on…
Regional rent prices rise at three times the rate of capital cities
Rental prices in Australia’s combined regional markets have increased by almost three times the rate as capital city…
Jen Williams appointed Queensland Executive Director of Property Council
Jen Williams has been appointed the Property Council of Australia's new Queensland Executive Director
Award-winning Raine & Horne Commercial Brisbane North finds a new rhythm
Raine & Horne Commercial in Brisbane North has moved to a new location on Gympie Road, Kedron.