Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Detached dwelling approvals reach new record
Detached dwelling approvals reached record levels in March, according to the ABS.
Canberra auction clearance rates reached record high in April
Domain has released its Auction Report for April, showing clearance rates in Sydney and Melbourne have declined slightly…
Rent.com.au launches RentPay platform in Apple and Google Play stores
Rent.com.au has released its long-awaited RentPay platform to the public, with the application now available in both Apple…
Sorted and REIP team up for listing and applications platform
Proptech innovator Sorted has joined forces with leading Australian industry body Real Estate Industry Partners (REIP), to launch…
Three sites in Western Sydney with approval for apartments to be sold
Receivers and managers have appointed Ray White Commercial and CBRE to sell three sites in Sydney's west.
Perth prestige property prices power ahead
Knight Frank has released its Prime Global Cities Index for the first quarter of 2021, which shows prime…
PropTech powerhouses join forces for seamless sales experience
The international marketing and print solutions reputation of both Diakrit and Printforce, paired with the world-class end-to-end sales…
First-home buyers drive housing market
First-home buyers have been a major driver of new home loans over the past six months.
Home loan commitments reach new record levels
The ABS has reported new loan commitments for housing have reached a new record high of more than…
RBA leaves official cash rate at historic low at April meeting
The Reserve Bank has once again opted to leave interest rates at the historic low of 10 basis…
Netherlands researchers planning to print their way out of a housing crisis
Netherlands researchers have come up with a concrete solution to address the shortage of housing in the nation…
Ex-Sydney Publican lists his 20-year Byron Bay jewel…
The Jewel, a property on the edge oif Byron Bay hinterland, has just come on the market.
Little movement on HTW residential property clock in April
Herron Todd White have released their April property clock, and there has been little movement in the residential…
Investment gem under the hammer in Burleigh Heads
Two adjacent units with a long-term tenant will be sold at auction at Burleigh Heads.
Perth median house price above $500k for first time since 2018
Perth's median house price has reached $508,000 for the first time since December 2018.
Skittle Place at Arc by Crown Group set to attract retailers following a revival of the CBD
Arc by Grown Group set to attract high-end retailers.
434-hectare Donnybrook development site sells to private developer
A 434-hectare parcel of greenfield land has been sold in a deal negotiated by Core Projects.
Businesses continue to adapt and modify operations
Businesses have continued to adapt their operations in response to the COVID-19 pandemic.
Australian housing values continued to grow in April
Housing values rose by 1.8 per cent in Australia in April, with monthly capital gains easing from a…
Preliminary results show over 80 per cent of auctions successful
The preliminary clearance rate has again exceeded 80 per cent this week on the back of higher volumes.
Privately owned property services company takes on traditional franchising
Coronis has announced it is turning the traditional real estate franchise model on its head.
Happy 21st as Raine & Horne Marrickville renews again with superbrand
21 offices have renewed agreements with Raine & Horne in FY20/21.
Unison Projects buys Newstead DA-approved site for $5.7m
Unison Projects has purchased a boutique site with development approval at Newstead, in inner-city Brisbane.
The Agency and Hawthorn Football Club join forces
The Agency is continuing to kick goals, with AFL team Hawthorn entering a commercial partnership with the company.
Awaken Residences gets the go-ahead at Coolangatta
A Brisbane developer's new multimillion-dollar Gold Coast apartment project has received development approval.
Elders back-to-back support for regional communities
Elders has announced it is extending its sponsorship of the Royal Flying Doctor Service for a further three…
Retirees, low-income families stare into rental housing abyss
The Community Housing Industry Association (CHIA) NSW is calling on the NSW Government to increase funding for social…
Seven regional centres record price growth in March quarter
House prices continued to rise across regional areas of Western Australia in the March quarter.
Sam Guo and Julia Kuo join Kollosche’s A-list line up
Sam Guo and Julia Kuo have joined Gold Coast agency Kollosche.
82-year Bundaberg legacy in safe hands
First National Real Estate McColms, in the Queensland city of Bundaberg, has changed hands.
2021 offers unique opportunity for late autumn and winter sales
With only one month left before winter, Real Estate Institute of Australia (REIA) is urging homeowners who had…
Family vision: RE/MAX New Zealand welcomes first brother and sister owners
RE/MAX New Zealand has welcomed its first brother-sister ownership team, with Rozele and Ryan Singh taking the reins…
The Agency reports solid growth and GCI for March quarter
The Agency has released its operational and financial results for the March quarter, reporting solid growth in the…
Half of Australian homes will be cheaper to buy than rent over the next decade
A new report by REA Group has revealed more than half of homes will be cheaper to buy…
CoreLogic report says property market game has changed; all eyes now on future market measures
CoreLogic releases its New Zealand Property Market and Economic Update for Q1 2021.