Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Essential workers could get homes on crown land
A groundbreaking proposal to establish new housing on unused Crown land has united unlikely allies in the fight for affordable homes for essential workers.
Couples turn to wedding guests for home deposits
A new wedding trend is emerging as couples are increasingly asking their guests to help contribute to their…
Stamp duty slashed for off-the-plan property purchases in Victoria
The Victorian government has announced a significant reduction in stamp duty for off-the-plan apartments, units and townhouses in…
Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
Erin’s mission to revolutionise the apartment experience
Erin’s app simplifies apartment living by integrating rent, maintenance, digital keys, and more, enhancing tenant experiences.
US builders shift focus to condos and townhouses amid affordability crisis
Builders in the US are adapting to the ongoing housing affordability crisis by constructing more high-density homes according…
Employment surge means RBA might not slash rates
Australia's job market continues to show resilience, with employment rising significantly in September, and taking the pressure off…
Maxwell Scott Raine inducted into FCA Hall of Fame
The Franchise Council of Australia (FCA) has posthumously honoured Maxwell Scott Raine as the 2024 inductee into the…
Help on the way for first-home buyers
The Property Council of Australia is presenting policy ideas to the Government that will support homeownership for younger…
NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown…
Rental vacancies rise slightly but crisis deepens in NSW
Residential rental vacancies have increased marginally across Sydney, but experts warn the rental crisis continues to worsen.
Opposition vows to scrap Victoria’s controversial ‘Airbnb tax’
The Victorian Opposition has pledged to repeal the state's contentious Short Stay Levy Bill if elected in 2026,…
Renters and homeowners are feeling more confident
Consumer confidence held steady this week, as both renters and homeowners started to feel better about the state…
Rising costs and short-term rentals are reshaping the housing market
Over 70% Australians who rent do so because they simply cannot afford to buy a home - a…
Construction industry collapse tightens the screws on home buyers
The Aussie dream of home ownership could be under threat as the construction sector faces an unprecedented crisis,…
Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according…
Australian property market hits $11 trillion despite slowing growth
Australia's property market has reached a new milestone, with the total value of residential real estate surpassing $11…
RNBZ rate cuts to boost confidence
The Reserve Bank of New Zealand’s latest rate cut is set to boost market confidence and there is…
Investors flock to charity-backed commercial properties
There’s currently a surge in demand for properties backed by established charities like the Salvation Army and St…
Housing crisis deepens as new home builds hit decade-low
Australia's housing crisis is set to worsen as new home construction plummets to its lowest level in over…
Reapit to elevate agency tech with new game-changing innovations
PropTech provider Reapit will announce the latest enhancement to its award-winning range of platforms including Console Cloud, AgentBox,…
Strata properties gain popularity in NSW and QLD
House purchases are trending downwards in New South Wales as buyers increasingly turn to strata properties, according to…
Sydney and Melbourne’s unit markets struggle despite affordability gains
Despite improving affordability in some areas, certain unit markets in Sydney and Melbourne are failing to attract buyers,…
September property listings hit highest levels since 2015
Sellers are embracing the spring selling season, with new property listings in September 2024 reaching their highest volume…
Parliament urged to pass housing legislation
The Property Council of Australia is calling on Parliament to pass the federal government's housing legislation without delay,…
Victoria’s property market faces challenges amid high taxes
Victoria's once-booming property market is now struggling to keep pace with the rest of Australia, according to a…
Tasmania leads property boom with 233% gains, while NT lags
Property prices in Tasmania have surged by an impressive 233% over the past 20 years, leading the nation…
ANZ predicts property prices to rise 5.5 per cent in 2025
Australia's capital city housing markets are expected to see continued growth in 2024, with prices forecast to rise…
Rental market pressures ease as growth slows
Australia's rental market is showing signs of easing, with the pace of growth slowing and more properties becoming…
Australian tenants lead worldwide adoption of rental tech
Australian renters are leading the way with property technology, and in the process enhancing their rental experience with…
Eviction rates highlight rental struggles in NSW’s outer suburbs
Tenants in Far Western NSW and outer Sydney suburbs are facing the highest risk of eviction, according to…
Building approvals decline raises concerns for housing targets
Building approvals for new homes in Australia have fallen significantly, raising alarm bells for the nation's housing targets.
Rental boom could be done and dusted
It looks like relief is on the way for struggling renters, with the rental market across Australia having…