Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
NSW reforms ramp up duplex development
NSW reforms ramp up duplex development The NSW government has introduced sweeping reforms to allow duplexes and semi-detached homes across 97 per cent of local councils, aiming to increase housing…
Affordable homes outperform as mortgage fatigue hits
Rising interest rates are driving a shift in the market, with affordable houses now experiencing stronger price growth…
Auckland auction event sees $24.9 million in property sales
A major Ray White auction event in Auckland has highlighted the strength of the local property market, with…
Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious…
Queensland set to become the second-largest investor market
Queensland is poised to overtake Victoria as Australia's second-biggest property investor market, according to new data
Find out why November is statistically the best time to sell
Homeowners selling in November achieve higher prices.
Blue chip property surges higher
Blue chip property across the country is experiencing a significant upswing, with several suburbs hitting record-high prices in…
Victorian government to release record amount of land for housing
The Victorian government is preparing to announce the largest release of land for housing in the state's history,…
RBA reveals landlords absorb the bulk of interest rate hikes
Recent research by the Reserve Bank of Australia (RBA) has debunked the myth that landlords are passing on…
Domain CEO Jason Pellegrino to step down
Mr Pellegrino will continue in his role for the next three to six months while Domain’s board searches…
Dutton’s $5 billion plan to solve housing crisis
Peter Dutton has unveiled a $5 billion plan to fast-track 500,000 new homes in a bid to address…
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…
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…