Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Remain vigilant: REIA’s message to the industry
REIA President calls on the real estate industry to remain vigilant as state borders reopen.
REIWA declares ‘rental crisis’ as Perth vacancy rate hits 13-year low
Perth's residential vacancy rate has fallen to 0.96 per cent, the lowest it has been in 13 years.
Reserve Bank notes increased housing activity, despite weak investment levels
On October 6, the same day as the Federal Budget was announced, the Reserve Bank Board met and…
Victoria ‘well-placed’ to further ease restrictions
During a press conference this morning, Daniel Andrews said Victoria was "well placed" to receive some very significant…
Melbourne’s real estate industry reacts to relaxed restrictions
Spring selling season may have gotten off to a slow start in Melbourne, but the announcement over the…
WA’s social housing plan to alleviate rental crisis
A ten-year plan to create 2,600 affordable houses across Western Australia will hopefully ease the "rental crisis" that…
Auction clearance rates strengthen as Melbourne activity ramps up
Auction clearance rates strengthen as Melbourne activity ramps up The combined capital city preliminary auction clearance rate hit…
All Victorian real estate re-opens
As restrictions continue to lift in Victoria, outdoor auctions for residential and commercial properties will now be permitted…
Property investment falls to a record low
As with a lot of things, the levels of property investment in the Australian housing market crashed during…
Perth houses selling twice as quickly as last year
As yesterday's ANZ/Property Council survey showed, Western Australia's property industry is the most positive in the country, and…
REA Group commits to carbon neutrality
REA Group has announced its commitment to become carbon neutral.
Domain Rental Report shows rental markets in flux
Domain's September Rental Report has shown there is little consistency across the states and territories, with prices hitting…
Cash rate won’t rise for three years: RBA
"We do not expect to be increasing the cash rate for at least three years."
Repayments have begun on almost half of deferred loans
Australian Banking Association has announced that repayments have resumed on 45 per cent of deferred loans for mortgages…
Property confidence rises in SA but plummets in ACT
The latest ANZ/Property Council Survey has shown that as South Australia's property industry continues to gain confidence, the…
WA property industry the most positive in Australia
The WA property industry has the most positive outlook in Australia according to the ANZ/Property Council survey for…
Both NSW and QLD need to revitalise their CBDs
The latest results from the ANZ/Property Council Survey show that, while confidence levels in the real estate industry…
Confidence in the housing market has boomed: Westpac
"This is an extraordinary result," said Westpac chief economist Bill Evans of the overall consumer sentiment.
New Zealand sees flood of first home buyers over September quarter
First Home Buyers made up a quarter of the total property purchases in New Zealand during the September…
The full impact of HomeBuilder is now evident: HIA
The full impact of HomeBuilder is now evident with sales now 11.8 per cent higher compared to last…
REA Group wants you for their online property panel
REA Group has launched its new realestate.com.au Property Panel, and are seeking sales agents, principals and property managers…
Zillow moves further into residential real estate with new Homes division
The world's largest real estate listings company Zillow are planning a larger move into the residential real estate…
Sydney’s vacancy rate on the rise again
Despite a slight turnaround in August, vacancies in Sydney are once again on the rise.
Epic Bondi auction fields over 200 bids
The reserve price on a four-storey, five-bedroom house on Moore St in Bondi was set at $3.6 million.
Minister for Housing assures REIA of ‘resilient’ property market at roundtable
Minister for Housing, Michael Sukkar, joined the members of the Real Estate Institute of Australia for a virtual…
5 principles to make change stick
People don’t hate change, they hate how you try to change them. Hayley Baxter examines why leaders struggle…
Is housing supply driven solely by demand? New research sheds light
New Australian Housing and Urban Research Institute (AHURI) research reveals what many of us assumed, that housing supply…
Vic property values defy gloomy predictions
First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
Overseas job outsourcing surges as JobKeeper reduces
An Australian employment specialist says businesses struggling to remain profitable through COVID and this week's JobKeeper cuts, are…
LJ Hooker honours top performers at International Awards
LJ Hooker has recognised its top performers across Australia and New Zealand at its annual International Awards Night,…
REIV auction competitions to go ahead, despite lockdown
It takes more than a pesky pandemic and Stage 4 lockdowns to stop the REIV Auction Competitions from…