Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
National median house price up 7.6 per cent
The national median house price has risen 7.6 per cent in the past 12 months to $1.026 million, according to the latest data.
REIQ: Why the State Budget is a ‘mixed bag’
This week’s Queensland Budget delivers a “mixed bag” for housing and small business, despite the largely positive increase…
Landlord ordered to compensate drug-growing tenant
A New Zealand landlord has been ordered to compensate a tenant $10,000, despite the tenant's involvement in illegal…
The Agency introduces a new domestic violence support program
The Agency has announced a new Family and Domestic Violence policy that will include a one-off $5,000 payment…
Real estate leaders on King’s Birthday Honours List
A trio of businessmen and philanthropists connected to the real estate industry have received King’s birthday honours.
Nerida Conisbee: The uncomfortable truth about achieving housing affordability
There have been a lot of people, events and policies blamed for Australia's low level of housing affordability.
Lending indicators show buyer numbers are rising
Despite high interest rates, the number of active buyers in the market is on the rise, according to…
WA and QLD the best locations for growth and yield
Western Australia and Queensland have a number of locations where investors can potentially see both capital growth and…
REIQ calls on QLD Government to do more in State Budget
Ahead of the State Budget, the Real Estate Institute of Queensland (REIQ) is calling for more action to…
Housing affordability improves for the first time since 2021
Housing affordability for home buyers has finally turned a corner, showing improvement for the first time in three…
NSW proposed no grounds eviction laws to hurt landlord rights
The deadline for submissions into proposed no grounds evictions laws in NSW is approaching, amidst concerns, that landlords'…
Signs the rental market is easing in Perth
There are growing signs that the rental market in Perth is easing with median rents holding steady for…
Committed to community: How Steve Turner is making a difference
“Don’t write a cheque, turn up.”
The AREAs: More awards than ever before in 2024
Submissions for the 2024 REA Excellence Awards have opened, with more awards to win this year than ever…
Broken Hill could solve Australia’s housing woes
A buyers agent is calling for Australia’s inland cities to undergo an urban renewal in a bid to…
One in 10 borrowers has missed a mortgage repayment
Higher interest rates and rising costs have led to more than one in ten borrowers missing a mortgage…
Happy campers keep caravan parks in hot demand
Demand for caravan parks remains high as the sector continues to build on the momentum from the lockdown…
How to proactively and peacefully manage legislative changes with your landlords
Property managers looking to create a smooth path to legislative compliance with their landlords need to be proactive…
Mala Maharaj appointed CEO of RE/MAX New Zealand and Fiji
Don Ha has stepped aside as head of RE/MAX in New Zealand, with Mala Maharaj named the new…
Government offers cheap loans to boost energy efficiency
The federal government has announced a new initiative through the Household Energy Upgrades Fund (HEUF) that will offer…
REIV warns new rental standards may overburden landlords financially
The Real Estate Institute of Victoria (REIV) has urged the State Government to consider the introduction of proposed…
REINSW appoints AI bot called Alice Ing as board advisor
The Real Estate Institute of NSW has appointed an Artificial Intelligence bot as an advisor to its board,…
Young West Aussie’s willing to sacrifice to buy a home
Young home buyers in Western Australia are prepared to make sacrifices on their dream home to overcome cost-of-living…
Millions of Australian homes at risk of natural disasters
Almost half of Australian homes are at risk of bushfire, while 8.1 per cent face flood threats, according…
Australians squirrel away billions in the bank
Australians squirrelled away $4.69 billion in April as households continue to deal with the rising cost of living…
City-dwellers head for regional Australia in growing numbers
The number of city-dwellers sick and tired of expensive, overpopulated cities and deciding to move to regional Australia…
Optimistic outlook: 93 per cent of agency owners expect revenue growth
More than 90 per cent of real estate agency owners anticipate positive revenue growth over the next 12…
Brisbane overtakes Canberra as property prices rise
Perth, Brisbane and Adelaide continue to lead home prices into record territory with national values up 0.8 per…
Proptech Labs acquires reHeroes to enhance AI-driven PM solutions
Proptech Labs, a leader in AI first technology solutions for property management, has acquired reHeroes, a prominent innovator in…
Australia’s very own UFO house is out of this world
If you’re looking for a home that’s light years ahead of the rest of the competition, this UFO-shaped…
View Media’s high-profile appointments set to bolster growth
Antony Catalano’s View Media Group has announced a host of high-profile appointments as the listing platform gets set…
Record-setting rebrand to Harcourts
In one of the biggest rebrand moves in recent history, an esteemed Queensland-based real estate group of multiple…
Inflation figures spell longer rate pause not a rate rise
The final hurdle in the fight against inflation may be proving a difficult one to jump, but it…
Christine Mikhael to sleep rough to help combat homelessness
On June 20, Christine Mikhael will spend a cold night sleeping outdoors in a bid to raise funds…
Herron Todd White: Buyers tipping rate cuts drive activity
The expectation that interest rates were set to fall was behind this year's uptick in activity according to…