Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
2 in 3 Aussies better off due to restrictions and govt stimulus
2 in 3 households said restrictions and Government stimulus resulted in more money in their hip pocket: financial adviser urges Aussies to save now while they still can
Homely reaffirms their commitment to real estate agents
Homely.com.au has reaffirmed their stance as an agent-friendly real estate portal, confirming today they will continue as an…
First home-buyers dominate for the first time in 10 years: REIA
Australia has recorded a ten-year high for first homes buyers in the last quarter, according to the latest…
Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend in November amid the coronavirus-driven recession.
Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," With…
Detached house building approvals hit a 20-year high
"October 2020 was the best month for new detached house building approvals in almost 21 years,"Master Builders Australia…
1.1 million Aussies plan to sell their houses in the next six months
DFA’s survey data concluded that over 1.1 million Australians intend to sell their property in the next six…
50 lenders now offer mortgages under 2 per cent
There are 50 lenders now offering a total of 126 home loan under 2 per cent. That's 40…
89 per cent of property experts want land tax not stamp duty
Finder's RBA cash rate survey: 89% of experts support axing stamp duty nationally News highlights: Majority of respondents…
HomeBuilder extension announced
The Federal Government has announced an extension of the HomeBuilder grant in a move that’s been widely welcomed…
Melbourne overtakes Sydney as busiest auction market
The preliminary clearance rate has held firm, keeping pace with a rise in auction volumes this weekend as…
Cancelling rental debt would be ill-informed and cause mayhem: REIV
The Real Estate Institute of Victoria has hit out against calls by tenancy advocate groups to cancel all…
Property Council implores Qld Government to support build-to-rent projects in Budget
Ahead of Tuesday's budget, the Property Council of Australia is urging the Queensland Government to match the commitments…
‘Building Stronger Homes’ to make Aussie buildings more fire resilient
The Master Builders Australia and the Insurance Council of Australia brought together a number of peak construction industry…
Stamp duty is a terrible tax – its evils are well understood: Property Council
This week, State Treasurer Tim Pallas announced the Victorian Government would be slashing stamp duty. It's not the…
Confusion surrounds whether pets are allowed in NSW apartments
The recent decision preventing Owners Corporations from blanket bans on pets in New South Wales apartment buildings, meaning…
Sydney’s prestige property market to soar in 2021: Knight Frank
Sydney’s prestige residential price growth forecast higher than global average: Knight Frank has released its Prime Global Forecast…
Vic Budget: Renters and owners to benefit from $797m household energy package
The Victorian Budget 2020/21 has promised what the Andrews Government are calling "the biggest household energy efficiency package in any…
Renters in Victoria soon won’t have to deal with dodgy heaters and insulation
Victoria has outlined a watershed energy efficiency stimulus package, but how will it work and will the Federal…
Market update: Which regional areas are on the rise?
The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia's…
REIACT Awards 2020: All the winners
The ACT’s real estate sector came together on Saturday night to celebrate its’ achievements and recognise outstanding performers…
Rules relaxed for Victorian inspections and auctions
Victorian Premier Daniel Andrews has announced further relaxations to the state's COVID-19 restrictions. Open for inspections and in-person…
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…
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…