Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 per cent - but it may not be enough to ease the…
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…
Million-dollar milestones: Australia’s next wave of suburbs on the rise
More than 160 suburbs could join the million-dollar club in the next 12 months, according to research from…
Cash rate likely on hold, but a cut looms
Experts are predicting the Reserve Bank of Australia will be leaving the cash rate steady in August, but…
Gold Coast’s ‘view tax’ sparks outcry
The Real Estate Institute of Queensland (REIQ) has hit out at the City of Gold Coast for slugging…
Townhouses surge: Transforming NZ’s housing landscape
Townhouses have become a significant growth component for the New Zealand housing market, making up almost half of…
Demand for high-quality offices drives down vacancy rates in capital city CBDs
Office vacancy rates have fallen in half of Australia’s CBDs, with demand for space, particularly high quality offices,…
One-minute data: Home price growth continues
National home prices have increased 0.08 per cent in July and are now 6.3 per cent higher than…
View Media Group buys The Property Agency
View Media Group has acquired property communications agency, The Property Agency, as part of a wider growth plan…
Is Ryan Serhant still selling the world’s tallest penthouse?
Central Park Tower's priciest penthouse that was listed for US$250,000 with high-profile agent Ryan Serhant has been withdrawn…
The secret to a successful high-stakes negotiation
To achieve the best possible result for your vendor, you need to leave your emotions at the door,…
Inflation is up but what does that mean for interest rates?
Inflation climbed 1 per cent in the June quarter and 3.8 per cent annually, according to the latest…
Barry Plant Eastern Group opens its new Whitehorse Super Office
Barry Plant Eastern Group is looking to set a new standard with the opening of its Whitehorse…
Sporting sanctuaries: Homes with gold medal features
As the Paris 2024 Olympics captivate the world, luxury real estate across the country is reaching for gold…
Unprecedented wealth transfer set to impact low to middle-income suburbs
Australia is on the brink of an unprecedented $3.5 trillion wealth transfer over the next two decades, in…
Barry Plant joins forces with Propic for AI-driven solutions
Barry Plant is moving towards a ‘CRM-first’ culture, after partnering with Propic as they look to use technology…
South Australia ranked top economy in the country
South Australia’s property market is booming and the state has also been crowned the top economy in the…
Peter Brewer joins forces with Tenancy Skills Institute
Real Estate Institute of Queensland (REIQ) Chair, Peter Brewer, has been appointed as a Strategic Partnerships Ambassador for…
RE/MAX members stay curious at network’s annual conference
Staying curious, adopting change and adapting as innovation takes hold in a rapidly changing world, were the driving…
Realestate.com.au helps Australians to ‘keep moving’ in new brand campaign
The ups and downs Australians experience when finding a new home takes centre stage in realestate.com.au’s new brand…
NSW no-grounds evictions to hurt, not help, tenants
Proposed tenancy reforms, including ending no-grounds evictions, will harm not help NSW renters, according to the Real Estate…
A starter home in the US now costs $1 million
Australia isn’t the only country that’s witnessed a staggering rise in property prices over the past few years,…
Data insight: Immigration brings retail assets back to life for now
Record-high immigration levels have revitalised retail assets and boosted sentiment nationwide, but there are still headwinds for the…
Federal Government needs “bulldog” to tackle housing crisis head-on
The Federal Government needs to appoint a “bulldog” to champion solving the housing crisis and bring together all…
Data insight: Property prices don’t care about high rates
Property markets continue to tick higher, despite high interest rates and cost of living pressures, however, there is…
Investors give Melbourne property a ‘wide berth’
Property prices are on the rise across the county, however, Melbourne continues to lag behind other major capitals.