Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Victorian homes averaging just 33 days on market
The latest Days on Market data from the Real Estate Institute of Victoria revealed that, in October, the average Victorian home spent just 33 days on the market before being sold.
REIA opposes new foreign investment fees for residential property
REIA has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition…
REINSW notes ‘unintended consequences’ of stamp duty reform
While the news that the NSW Government are planning to remove stamp duty taxes may appear to be…
3.8 million Aussies plan to buy property in 2021: Finder
Record-low interest rates, government stimulus, the rise of remote work, and a readjustment of priorities has led to…
Payments have resumed for most deferred home loans
“This is an encouraging sign that most Australians are through the worst”, said Australian Banking Association CEO, Anna…
Perth vacancy rate drops again, heading towards a forty-year-low
The residential vacancy rate in Perth has dropped again, now sitting at 0.95 per cent.
Stamp duty could soon be scrapped in NSW
The NSW Government has today announced they are "considering a once in a generation change" in stamp duty…
A demand for detached housing will ‘pull the economy forward’: HIA
A renewed interest in detached housing will put our economy into recovery mode, according to HIA's Chief Economist…
The housing sector is turning a corner: ANZ
After considering their initial view of a 10 per cent housing drop "too pessimistic", ANZ economists now feel…
Monica, Marge, and Carrie: the TV homes we take design inspiration from
There's a long running joke about the likelihood of the characters from Friends actually being able to afford…
Top student housing company offers 20,000 quarantine spots to rebuild industry
A recent report on the $32 billion international student industry paints a dire picture.
Vic Government announces biggest public housing project in Australian history
The Victorian Government has announced a historic $5.3 billion social housing project that will see over 12,000 public…
Success magazine bought by eXp World Holdings
Leading business magazine Success and all related media properties have been bought by eXp World Holdings.
Over three-quarters of auctions successful this week
The preliminary clearance rate has come in at a healthy 75.1 per cent this week after 1739 properties…
REINSW has big plans for the state’s strata schemes
REINSW's Strata Management Chapter Committee has outlined a number of changes they would like to see made to…
‘Pain before gain’ – Investors will return with the international students
“Investors who already own property and are suffering may want to hang in there for another six or…
Eagle Software brings QR Codes to contactless inspections
Eagle Software have harnessed the power of QR Codes to assist agents in performing contactless inspections.
How are renter-landlord relations faring in the pandemic?
Researchers from RMIT University and the University of Adelaide have teamed up for a study that reveals the…
Optimism returns to the property market: report
Positive sentiment has returned to the property market, according to ME’s latest Quarterly Property Sentiment Report.
PICA secures landmark green solar deal for its strata buildings
PICA Group has announced a new green solar energy deal, which will see 64 of its strata buildings…
Inner-Sydney vacancy rate at an all-time high
REINSW has released its Vacancy Rate Survey results for October, which show vacancies across Sydney continue to rise,…
Use Maslow’s hierarchy of needs to improve your real estate listings
A home is often the single latest investment a buyer will make, so it helps to address their…
Flexible leases and satellite spaces: the future of office real estate
The findings note the expectation is that physical office spaces will play a key role as a hub,…
Domain and REA Group shares soar
Fuelled by hope of a new dawn as a fresh president is elected in the US, the Australian…
Auckland is the global leader in luxury property price growth
Sydney, Perth and the Gold Coast have aslo ranked upon the top cities in the world for luxury…
New Climate Change Bill will impact building industry
A bill introduced in the Australian Parliament today which aims to reduce emissions to net zero by 2050…
Mortgages cheaper than rents in over half of Australian suburbs
A new report from Aussie and CoreLogic shows that it is cheaper to pay down a mortgage than…
Canberra leads the slow return to CBDs
The latest survey of CBD office occupancy by the Property Council of Australia shows that workers are slowly…
Mining and remote work drive the COVID-19 regional shift
An in-depth report from realestate.com.au paints a compelling picture of a mass exodus from cities.
Outback NSW blocks sell for $1 at auction
Eighty properties dotted across far-west of regional NSW went under the hammer last weekend, with some landlocked blocks…