Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Australia’s residential construction costs rose less than one per cent in March quarter
Construction costs increased by less than 1 per cent in the first three months of 2021, according to CoreLogic’s first Cordell Housing Index Price (CHIP) for the year.
Social and affordable housing the focus in Budget reply speech
Labor would spend $10 billion on social and affordable housing over five years if elected to government at…
The Perth suburbs topping the house price growth list in 2021
Twenty Perth suburbs have experienced median house sale price growth of 10 per cent or more so far…
New home sales take an autumn dip
New home sales in April were more than 50 per cent lower than they were in March, according…
RE/MAX Metro launches in Sydney
RE/MAX Metro has opened its doors in the Sydney district of Barangaroo.
New Zealand house construction costs rise at fastest rate in two years
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021, according…
Australia’s hot housing market showing slight signs of cooling
Australia’s housing market may be showing signs of slowing down, with an increase in supply and a slight…
Jellis Craig bolsters network with acquisition of 10 Greg Hocking offices
Victorian real estate network Jellis Craig has bolstered its network, announcing the addition of a further 10 offices…
PropTech platforms integrate to ensure agent success and mitigation of risk
Proptech platform Realtair has announced an integration with Before You Bid to assist agents in the early stages…
Sydney’s vacancy rate rises, regional rates remain historically low
Residential rental vacancy rates have risen to 4.3 per cent in Sydney according to REINSW.
Key industry groups respond to big-spending Federal Budget
As the dust settles on the 2021-22 Federal Budget, some of Australia's key industry groups have weighed in…
Welcome return of CBD workers in Brisbane
Skilled trades in high demand in the March 2021 quarter
A Budget right for its time
There’s plenty for the property industry to like in the 2021 Federal Budget, not because of any specific…
Federal Budget 2021-22 – Relevant points for real estate
The government has revealed a far more optimistic picture of Australia’s future in a Federal Budget that tackled…
Openn Negotiation announces plans to list on ASX
Australian property technology company, Openn Negotiation has lodged a prospectus with the Australian Securities and Investment Commission, seeking…
SA market update – 2021 March quarter
Adelaide's property market has climbed to a new record median price.
Property Council welcomes infrastructure commitment in Federal Budget
The Property Council of Australia has welcomed the Federal Government's strengthened infrastructure commitment and details of major new…
Online Yatala industrial market thriving in 2021
Yatala's industrial market is thriving in 2021, according to Ray White Commercial.
The Agency breaks six suburb records on Central Coast in two months
NSW’s Central Coast property market has been booming since COVID history last year and The Agency’s local team…
Property positivity hits one-year low despite rising house values
House values are continuing to climb throughout the country but fewer than half of Australians believe now is…
Family Home Guarantee revealed as focus shifts to Federal Budget
Treasurer Josh Frydenberg has announced additional measures to support Australians seeking to secure their own home.
Second busiest auction week of the year
This week proved the second busiest auction week of the year, with 3033 properties taken to auction across…
HIA welcomes new National President & Vice President
The Housing Industry Association has announced the appointment of a new National President and Vice President.
Red hot markets to heat up cold winter predicts Raine & Horne
Raine & Horne expects a 90 per cent increase in property appraisals in April.
Laing+Simmons Kingsford marks 35 years
Laing+Simmons Kingsford has celebrated 35 years as part of the network.
REA Group announces results for nine months to March 31
REA Group has announced its results for the nine ending March 2021, with revenue of $655.9 million and…
Australia’s residential real estate value has now surpassed $8 trillion
CoreLogic has announced its estimate of the total value of residential real estate in Australia has now reached…
Top architectural prize awarded to Australia’s ‘Renaissance man’
The Australian Institute of Architects has this year awarded its Gold Medal to 'Renaissance man', Mr Donald (Don)…
Workers return to the Sydney CBD as the ‘new normal’ takes shape
Office occupancy rates are improving in Sydney, according to the Property Council.