Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Landmark judgement in favour of pets in apartments
The NSW Court of Appeals has delivered a landmark decision, rejecting an attempt by an owners corporation to ban animals in Sydney’s Horizon building. The unanimous decision by three Court…
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…
Strong industry support for Federal Opposition’s property plan
Both the Master Builders Australia and the Property Council of Australia have welcomed the Federal Opposition's plan to…
Queensland teams with Mirvac and Frasers for build-to-rent project
The Queensland Government have announced partnerships with two developers for their Build-to-Rent Pilot Project. Frasers Property and Mirvac…
Treechange vs seachange: which is better?
As city-dwellers flee for the comfort of a slower paced life, a debate has reared up. Which is…
Budget is great news for real estate – if forecasts become reality: REIA
The Real Estate Institute of Australia has said that the critical Budget 2020 has provided an encouraging outlook…
Many properties to sell at a loss as mortgage holidays end
The latest CoreLogic Pain and Gain report suggests that loss-making sales of distressed properties are expected to soar during this…
Budget not enough to halt construction downturn
The 2020 Federal Budget is "very much one of housing hits and misses", according to the Australian Institute…
Budget 2020: Business investment package a chance to go green
The Green Building Council of Australia has welcomed the 2020 Federal Budget, and hope the landmark business investment…
Cutting JobSeeker payments will cause crippling rental stress in our cities
The Government's COVID income support is about to reduce, and according to modelling, that could pose a major…
What the Federal Budget means for real estate
"We have a plan to create jobs, rebuild our economy and secure Australia’s future," said PM Scott Morrison,…
RBA holds cash rate at 0.25%
Many predicted that the RBA Board would be announcing a drop in the cash rate to 0.1 per…
First Home Loan Deposit Scheme is flawed: REIA
Changes to the Australian Government's First Home Loan Deposit Scheme that allocate 10,000 new grants only to those…
Clearance rate down slightly as volume decreases due to long weekend
Clearance rate down slightly as volume decreases due to long weekend Auction volumes were lower this weekend, as…
Queensland’s tourism towns are mortgage holiday hotspots
With Queensland tightly locked down during the pandemic, the only holidays taking place in the Sunshine State were…
It’s about to become easier to lend irresponsibly, to help the recovery
The softening of lending conditions is designed to spur on the housing market, but academics are concerned it…
Byron Bay price record smashed again
A sprawling property on Wategos Beach was on the market for less than a week before breaking the…
Mirvac ramps up build-to-rent projects
Mirvac are betting on the build-to-rent market in a big way, with plans to develop and manage 5,000…
A milestone for The Agency
The 2019/20 financial year has been described as ‘a milestone’ for The Agency, with the group delivering its…
Scott Morrison names six priority areas in $1.5 billion plan to boost manufacturing
In the lead-up to this year's delayed Federal Budget, University of Canberra Professorial Fellow, Michelle Grattan, outlines just…