Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
New Home Sales Continue to Ease from Record Highs
“A drop in new apartment sales have contributed to the continuing decline in new home sales nationally since they peaked in mid 2015,” stated HIA’s Principal Economist, Tim Reardon.
Perth’s 10 cheapest suburbs within 10km of the CBD revealed
Nollamara, Cloverdale and Belmont are among Perth’s 10 cheapest suburbs for median house price within 10 kilometres of…
Banks shut the door on new interest-only borrowing
More home buyers are being forced to pay down their debt according to the latest APRA figures, which…
Corelogic launches new generation Hedonic Index
Updated features include improved sampling, plus better off the plan handling techniques
Auction volumes at their highest levels in 12 weeks
Auction activity increased across the combined capital cities this week, with 2,239 homes taken to auction; the largest…
Greens’ rental policy threatens rental market: REIQ
The REIQ has labelled the Greens’ “Renter’s Rights” policy as unworkable and, if implemented, would pose a threat…
Affordable housing south of Perth is key to real estate turnaround: Raine & Horne
Wellard, Jarrahdale and Byford are hotspots to watch, with plenty of affordable housing that will be key to…
Bouris invests in virtual estate agent Property Now
Prominent Entrepreneur Mark Bouris has taken a stake in DIY property sale firm PropertyNow, which is in an…
10 Ways to Reclaim One Hour per Day
INCREASING productivity isn’t just about getting more work done; it’s about working smarter and using time better so…
realestate.com.au study reveals Australians not so neighbourly
More than one-third of Australians have no interest in getting to know their neighbours, according to a recent…
REA Group appoints Val Brown as Executive General Manager – Consumer Experience
Reporting to CEO Tracey Fellows, she will be part of the company's executive leadership team.
DA Approved Properties launches for residential and commercial listings
A new property portal featuring only DA-approved properties has launched, with the aim of connecting agents and developers…
Why Your Marketing Is a Long-Term Investment: Ash Farrugia
Lead generation is the new buzzword, but what are you doing once you get the prospects details?
Bankwest housing density report shows NSW only state to see growth in medium density housing approvals
Report shows a general downturn over the 12 months to March 2017 with pockets of notable growth
Ex-CEO of LJ Hooker Joins LocalAgentFinder
The former Chief Executive Officer (CEO) of LJ Hooker, Grant Harrod has joined the Board of LocalAgentFinder (localagentfinder.com.au)…
Whitsunday’s Island for sale
Victor Island in the Whitsundays has been placed on the market for $3.5 million.
Preliminary clearance rate increases to 71.7 percent, while auction volumes remain steady
This week across the combined capital cities, the preliminary auction clearance rate rose to 71.7 percent, up from…
realestate.com.au unlocks homes of the future
Challenging traditional concepts of home living in Australia, realestate.com.au has released an insightful video series revealing cutting-edge Australian…
Real Estate Bookings Launches REBconnect
REBconnect is a targeted social media service that allows real estate agents to promote their listings to in-the-market…
Perth rental market subdued in June qtr, annual leasing figures remain strong: REIWA
Leasing activity in Perth was more subdued in the June quarter than it was in the March quarter,…
CoreLogic Property Pulse: housing stock under $400k declines
A budget of $400,000 used provide a decent range of housing options for a buyer looking for property,…
Sydney vacancy rates on the rise: REINSW
Vacancy rates across Sydney continue to rise as seasonal factors influence the number of people seeking rental accommodation,…
REA Group appoints Kerry Wong as CEO – Greater China
Ms Wong will be responsible for overseeing and setting the digital strategy in Hong Kong, Macau, Mainland China…
REA Group goes live with a design uplift for new homes
With half of Australia's property seekers considering off the plan property, the land estate section of the website…
Novice auctioneers raise $50,000 for charity: REINSW
The 2017 REINSW Novice Auctioneers Competition, which raised around $50,000 for charity, has been taken out by Michael…
Recent Slump in Investor Mortgage Demand Slowed in June 2017
According to the latest housing finance data released by the Australian Bureau of Statistics, demand from the investor…
Auction volumes highest they’ve been for 6 weeks with a low 70’s clearance rate.
Across the combined capital cities this week, the number of homes taken to auction rose to 2,011, compared…
Demand for Australian property hits a new peak, REA Demand Index
No signs of slowdown as index hits a new peak in July
First Home Buyers Returning to Housing Market
The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show that first home…
2017 REINSW Awards for Excellence finalists announced
The Real Estate Institute of New South Wales has released the finalists for the 20th annual REINSW Awards…
Juwai.com Appoints Carrie Law and Georg Chmiel as CEO and Chairman
Juwai.com announced Carrie Law has become its CEO and Georg Chmiel its Chairman. The two are senior executives who…
Digitisation of NSW real estate: REINSW Integrates with DocuSign
DocuSign, the global leader in eSignature and Digital Transaction Management (DTM), today announced an integration with the peak body for the real…
CoreLogic Property Pulse and auctions 10 August 2017 – Million Dollar Sales at Record Levels
The proportion of settled sales exceeding $1 million has reached new record highs, according to CoreLogic.