Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
NAR facing lawsuit over access to listing platform
Beleaguered NAR has been hit with another lawsuit, however, this time it’s aimed at the industry requiring agents…
Harcourts bids big for mental health with Blue Friday auctions
Harcourts Australia is getting ready to paint the country blue, with its nationwide auction event to raise money…
Laing+Simmons trains property managers with crime-solving skills workshop
Laing+Simmons has collaborated with team building and communication experts, Crime Story, in a unique training session to equip…
Steve Mutton returns to Ray White
Steve Mutton has returned to Ray White to join forces with Scott and Grant Burgess on the Gold…
Buyers’ optimism grows, but affordability challenges slow property searches
Prospective buyers feel positive about entering the property market, but once the house hunt starts, affordability challenges mean…
Housing affordability remains challenging in New Zealand
Housing affordability in New Zealand continues to be strained despite weaker property prices and rising incomes.
Grant Hackett: Focus on purpose and meaning to succeed
If you want to succeed in real estate or sports you need to focus on finding your purpose…
Buyers find more options as property supply rises
Properties will need to be priced right coming into the spring selling season, with the latest data from…
Nationwide workshops to shape future of property services qualifications
BuildSkills Australia (BuildSkills) will hold consultation workshops around the country as part of qualification reform in the property…
One-minute data: Rental vacancy rate stabilises as investors return
The national rental vacancy rate held steady at 1.42 per cent in July, with some cities seeing improved…
Construction costs spike again, driving property prices to new heights
Last year, it looked like the rapid rise in construction costs had come to an end.
Angela Limanis on breaking barriers: How women can succeed in auctioneering
Not letting your fears outweigh your passion for real estate is the key to more female agents taking…
Kolmeo’s new platform to deliver smart, on-demand services for tenants and landlords
Property management software provider Kolmeo has launched an innovative new platform for its subscribers aimed at helping them…
One-minute data: Perth’s rental market shows signs of easing
Perth's rental market is showing slight signs of easing, with the vacancy rate inching up in July.
Buyers cautious with economy stuck between a ‘rock and a hard place’
The Australian property market is currently mixed with the economy trapped between a ‘rock and a hard place’…
REA Group reports revenue and net profit surge
REA Group has reported strong financial results for the year ended June 30, 2024, with revenue up 23…
Ex-partners forced to live together to save money
Almost one in five Australians have been forced to remain living with an ex to save money on…
Population growth puts renters under extreme pressure
Surging population numbers are continuing to drive the rental crisis and politicians will need to answer for policies…
Geoff Lucas contract terminated with The Agency
The Group Chief Executive Officer and Managing Director of The Agency, Geoff Lucas, has had his contract with…
Laing+Simmons Young Property: where art, charity, and community meet
Laing+Simmons Young Property isn’t just a real estate agency, it’s a community hub, a centre for people to…
Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per…
NSW to ban background check fees for renters
The NSW government is set to ban fees charged to prospective tenants for background checks when applying for…
New Zealand property profits plunge to lowest since 2015
The proportion of properties selling for a profit in New Zealand has hit its lowest level since 2015.
International student caps not enough to free up housing
Universities across Australia could soon face new regulations limiting their international student enrolments to a maximum of 40…
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its August…
One-minute data: Perth unit prices match 2014 peak amid soaring demand
Perth's property market is heating up, with unit prices reaching a decade-high milestone.
Sydney cottage sold for $1.5 million after legal battle over squatter’s rights
A small fibro cottage in Sydney’s south recently sold for $1.5 million, but the property’s history is anything…
Sophie Su appointed as director at Kay & Burton
As part of its strategic expansion and commitment to excellence, Kay & Burton is proud to announce the…
Barry Plant’s “Call-lympics” nets 1800 appraisals
Barry Plant's network-wide appraisal drive, dubbed the "Call-lympics," has resulted in over 1,800 appraisals booked during two short…
Most buyers and sellers rate their experience with agents positively
Three-quarters of buyers and sellers involved in a property transaction in the past year have rated their experience…
Valentina Parra finds work-life balance through auctioneering
When experienced sales agent, Valentina Parra, made the move to Ray White corporate, she realised she missed the…
Australian owner-occupier mortgage surges $154 a day
The average new owner-occupier mortgage in Australia has reached a record high of $636,597, marking an increase of…
Dwelling approvals fall as NSW housing faces a ‘perfect storm’
New dwelling approvals are declining across NSW and the state government’s approach to tackle the issue is leading…
Anna Neelagama resigns from REIA
Anna Neelagama has resigned as chief executive officer of the Real Estate Institute of Australia (REIA), but will…